## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 




Hugh Swainson 

8.6.2021 



|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||Notes|funds|funds|funds|2020|2019|
|||£|£|£|£|£|
|INCOMEFROM|||||||
|Donations|1|-|246,356||246,356|356,010|
|Charitableactivities|||||||
|ProvisionofsupportforUCT|2|76,000||-|76,000|76,000|
|Investments|3|11|8,541||8,552|15,387|
|TOTALINCOME||76,011|254,897|-|330,908|447,397|
|EXPENDITUREON|||||||
|Raisingfunds|4|67,417||-|67,417|87,355|
|Charitableactivities|||||||
|ProvisionofsupportforUCT|5|373|372,701|-|373,074|463,398|
|TOTALEXPENDITURE||67,790|372,701|-|440,491|550,753|
|NETINCOME/(EXPENDITURE)||8,221|(117,804)|<br>-|(109,583)|(103,356)|
|TRANSFERS|||||||
|Gainsoninvestments|8|||36,323|36,323|112,422|
|NETMOVEMENTINFUNDS||8,221|(117,804)|<br>36,323|(73,260)|9,066|
|RECONCILIATIONOFFUNDS|||||||
|Fundbalancesbroughtforward||88,216|271,427|898,729|1,258,372|1,249,306|
|FUNDBALANCES|||||||
|CARRIEDFORWARD|||||||
|AT31DECEMBER2020|11|96,437|153,623|935,052|1,185,112|1,258,372|





## 

||Notes|2020|2019|
|---|---|---|---|
|||£|£|
|FIXEDASSETS||||
|Tangibleassets|7|712|1,085|
|Investments|8|645,694|750,751|
|||646,406|751,836|
|CURRENTASSETS||||
|Debtors|9|69,930|169,425|
|Cashatbankandinhand||478,424|346,146|
|||548,354|515,571|
|LIABILITIES||||
|Creditors:Amountsfallingduewithinoneyear|10|9,648|9,035|
|NETCURRENTASSETS||538,706|506,536|
|TOTALASSETSLESSCURRENTLIABILITIESANDNETASSETS||1,185,112|1,258,372|
|THEFUNDSOFTHECHARITY||||
|Endowmentfunds|11|935,052|898,729|
|Restrictedincomefunds|11|153,623|271,427|
|Unrestrictedincomefunds|11|96,337|88,116|
|TrustFundcapital|11|100|100|
|TOTALCHARITYFUNDS|12|1,185,112|1,258,372|





## 

|||2020|2019|
|---|---|---|---|
||Note|£|£|
|NETCASHUSEDINOPERATINGACTIVITIES|13|(17,654)|(92,870)|
|CASHFLOWSFROMINVESTINGACTIVITIES||||
|Interestandinvestmentincomereceived||8,552|15,387|
|Receiptsfromsalesofinvestments||361,380|49,432|
|Purchasesofinvestments||(220,000)|(49,432)|
|Purchaseoftangiblefixedassets||-|(125)|
|NETCASHPROVIDEDBYINVESTINGACTIVITIES||149,932|15,262|
|CHANGEINCASHANDCASHEQUIVALENTS||||
|INTHEYEAR|14|132,278|(77,608)|
|Cashandcashequivalentsatbeginningofyear||346,146|423,754|
|CASHANDCASHEQUIVALENTSAT||||
|ENDOFYEAR||478,424|346,146|





## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

||Unrestricted|Unrestricted|<br>RestrictedEndowment|<br>RestrictedEndowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|<br>funds|funds|2020|2019|
|||£|<br>£|£|£|£|
|1.|DONATIONS||||||
||Donationsfromfoundations,trusts||||||
||andcompanies||142,555||142,555|141,495|
||Donationsfromindividuals:||||||
||IncludingGiftAid|-|<br>75,041|-|75,041|159,325|
||Other||28,760|-|28,760|55,190|
|||-|<br>246,356|-|246,356|356,010|
||In2020,donationstotalling£246,356|(2019:|£356,010)werereceivedor||pledged,ofwhich|£246,35|
||(2019:£356,010)wererestrictedfunds.||||||
||Unrestricted||<br>RestrictedEndowment||Total|Total|
|||funds|<br>funds|funds|2020|2019|
|2.|INCOMEGENERATEDBYTHE||||||
||PROVISIONOFSUPPORT||||||
||FORUCT||||||
||Operatinggrantcontributions||||||
||receivablefromtheUniversity||||||
||ofCapeTown|76,000|||76,000|76,000|



## 

||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|
||funds|funds|funds|2020|2019|
|INVESTMENTINCOME||||||
|Bankinterestreceivableon||||||
|shorttermcashdeposits|11|261|<br>-|272|1,147|
|Incomefrominvestments|listedon|||||
|arecognisedstockexchange:||||||
|UK|-|8,280|-|8,280|14,240|
||11|8,541||8,552|15,387|





## 

|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2020|2019|
|4.|EXPENDITUREONRAISINGFUNDS||||||
||Directcosts:||||||
||Alumnifunctioncosts||||-|4,246|
||AlumniAppeal|2,662|||2,662|2,758|
||Supportandgovernancecosts||||||
||(seenote6)|64,755|||64,755|80,351|
|||67,417|||67,417|87,355|



|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2020|2019|
|||£|£|£|£|£|
|5.|COSTSINCURREDINTHE||||||
||PROVISIONOFSUPPORT||||||
||FORUCT||||||
||Directcosts:||||||
||Grantsgiveninsupportof||||||
||theUniversityofCapeTown||372,701||372,701|463,011|
||programmes||||||
||Supportcosts(seenote6)|373|||373|387|
|||373|372,701||373,074|463,398|





## 

|||Costsofgenerating|Costsincurred|Governance|Total|Total|
|---|---|---|---|---|---|---|
|||voluntaryincome|inprovision|costs|2020|2019|
||||ofsupportfor||||
||||UCT||||
|||£|£|£|£|£|
|6.|SUPPORTCOSTS||||||
||Consultancyand||||||
||administration|39,653||-|39,653|51,013|
||Traveland||||||
||accommodation|(878)||-|(878)|1,691|
||Communicationsand||||||
||stationery|2,350||-|2,350|2,435|
||Operatingleaserentals:||||||
||Landandbuildings|<br>8,100||-|8,100|8,100|
||Otherofficecosts|5,992||-|5,992|8,112|
||Auditor'sremuneration:||||||
||Auditfees|-|-|9,538|9,538|9,000|
||Depreciation—owned||||||
||assets||373|-|373|387|
|||55,217|373|9,538|65,128|80,738|





## 

|TANGIBLEASSETS|||||
|---|---|---|---|---|
|||Office|Furniture||
||Computers|equipment|andfittings|TOTAL|
||£|£|£|£|
|Cost:|||||
|1January2020|3,545|1,022|1,770|6,337|
|Disposals|(385)|||(385)|
|31December2020|3460|1,022|1,770|5,952|
|Depreciation:|||||
|1January2020|2,720|1,022|1,510|5,252|
|Disposals|(385)||-|(385)|
|Chargeforyear|331||42|373|
|31December2020|2,666|1,022|1,552|5,240|
|Netbookvalue:|||||
|31December2020|494||218|712|
|31December2019|825||260|1,085|





|||2020|2019|
|---|---|---|---|
|||£|£|
|8.|INVESTMENTS|||
||Investmentslistedonarecognisedstockexchange,heldprimarily|||
||toprovideaninvestmentreturn,atmarketvalue:|||
||Marketvalue1January2019|750,751|638,329|
||Additions|220,000|49,432|
||Disposalproceeds|(361,380)|(49,432)|
||Realised(losses)/gains|(18,524)|16,135|
||Unrealisedgains|54,847|96,287|
||31December2020|645,694|750,751|
||Atthebalancesheetdate,themarketvalueoftheportfoliocomprised:|||
||UKinvestments|645,694|750,751|
||Unittrustfundsandothersimilarsecurities|645,694|750,751|
||Atthebalancesheetdate,thehistoricalcostoftheinvestmentswas£495,616|(2019:£509,846).||
||Individualholdingsrepresentingmorethan5%ofthemarketvalue|||
||oftheportfolioatthebalancesheetdateareasfollows:|||
||BlackRock|426,743|750,751|
||CCLA|109,007||
||StonehageFleming|109,944||
|||645,694|750,751|
|||2020|2019|
|||£|£|
|9.|DEBTORS|||
||Prepayments|5,029|6,650|
||Accruedincome|58,500|153,750|
||Incometaxrecoverable|6,401|9,025|
|||69,930|169,425|



## 

## 

||2020|2019|
|---|---|---|
||£|£|
|CREDITORS|||
|Amountsfallingduewithinoneyear:|||
|Accruals|9,648|9,035|





## 

## 

||||||Transfers||
|---|---|---|---|---|---|---|
||1January|||Gainson|between|31December|
||2020|IncomeExpenditure||investments|funds|2020|
||£|f|f|£|£|f|
|Endowmentfunds|(heldatBlackRock,Stonehage||Fleming,|CCLAorincash):|||
|GlaxoChairFund|673,015||-|<br>14,498|-|687,513|
|LawFacultyFund|155,538|||14,885|-|170,423|
|MibashanFund|21,446|||2,007||23,453|
|OatesFund|39,041|||3,670||42,711|
|AndrewsFund|4,206|||439|-|4,645|
|KaplanAward|5,483|||824||6,307|
||898,729|||36,323||935,052|
||||||Transfers||
||1January|||Gainson|between|31December|
||2019|IncomeExpenditure||investments|funds|2019|
||£|£|£|<br>£|£|£|
|Endowmentfunds|(heldatBlackRockorincash):||||||
|GlaxoChairFund|590,443|||82,572|-|673,015|
|LawFacultyFund|135,153|||20,385||155,538|
|MibashanFund|18,675|||2,771||21,446|
|OatesFund|33,994|||5,047|-|39,041|
|AndrewsFund|3,638|||568|-|4,206|
|KaplanAward|4,404||-|<br>1,079||5,483|
||786,307||-|<br>112,422||898,729|





## 

## 

|||||||Transfers||
|---|---|---|---|---|---|---|---|
|1|January||||Gainson|between|31December|
|||2020|Income|Expenditure|investments|funds|2020|
|||£|£|£|£|£|£|
|Restrictedincomefunds:||||||||
|Undistributedendowment||funds|income-|||||
|GlaxoChairFund|12,702||7,184|11,895||-|7,991|
|LawFacultyFund||301|902|867|||336|
|MibashanFund||260|128|236|||152|
|OatesFund||470|229|425||-|274|
|AndrewsFund||41|<br>19|38||-|22|
|KaplanAward||392|21|<br>393|||20|
|ABALOBI|40,020||3|40,000||-|23|
|BaxterTheatre||-|4,056|3,694||-|362|
|BursaryFund|80,609||36,545|66,528||(41)|50,585|
|ChildGuidanceClinic||-|1,250|1,000||-|250|
|COVID-19Emergency||-|19,311|15,808|||3,503|
|DistinguishingUCT|50,832||2,165|15,013|-||37,984|
|FacultyofEBE||-|3,125||||3,125|
|FacultyofHealthSciences||<br>-|12,500|12,500||||
|FoodSecurity||-|411||||411|
|FutureWaterInitiative||312|-|313||1|-|
|GraduateSchofBusiness||-|43,778|43,772||-|6|
|JulianBaringSchFund||219|34,975|34,975||-|219|
|KeswickPrize|1,881||2||-||1,883|
|Kopano||63|7,125|7,188|-||-|
|LaptopProject||-|3,500|||-|3,500|
|LawFacultyFund||364|19,857|14,050|||6,171|
|Libraries||-|625|625|||-|
|NMandelaSchool|6,836||253|7,089||||
|OperaSchool|1,856||-|1,875||40|21|
|PerinatalMentalHealth||-|389|389|-|-|-|
|ResearchProjects||-|45,040|45,040|-|-|-|
|ResidencesFund||20|120|120|-|-|20|
|ProfRobertsonFund|2,475||-|2,200|-|-|275|
|RugbyClub||7|75|100|||(18)|
|SchoolsImprovement|70,670||6,974|41,578||-|36,066|
|SHAWCOFund||782|897|1,303|||376|
|Spiritof68Award||28|1,025|1,000|-|-|53|
|StudentDebtFund||-|2,413|2,400|-|-|13|
|Interestdistributed||287|-|287|-|-|-|
||271,427||254,897|372,701|||153,623|





## 

## 

|Restrictedincomefunds(Continued):|Restrictedincomefunds(Continued):|Restrictedincomefunds(Continued):|Restrictedincomefunds(Continued):|||||
|---|---|---|---|---|---|---|---|
|||||||Transfers||
|1|January||||Gainson|between|31December|
|||2019|Income|Expenditure|investments|funds|2019|
|||£|£|£|£|£|£|
|Restrictedincomefunds:||||||||
|Undistributedendowmentfunds|||income-|||||
|GlaxoChairFund||11,832|12,378|11,508|||12,702|
|MibashanFund||232|251|<br>223|||260|
|OatesFund||420|452|402|||470|
|AndrewsFund||37|41|<br>37|||41|
|LawFacultyFund||186|1,761|1,646|||301|
|KaplanAward||263|393|264|||392|
|ABALOBI||50,016|4|10,000|||40,020|
|BursaryFund|101,711||53,601|74,078||(625)|80,609|
|DistinguishingUCT||2,752|101,125|53,045|||50,832|
|FacultyofEBE||-|37|37|||-|
|FacultyofHealthSciences310|||-|310|||-|
|FitzpatrickInstitute||-|5,002|5,000|||2|
|FutureWaterInitiative||-|1,250|938|||312|
|JulianBaringSchFund||204|10,410|10,395|||219|
|KeswickPrize||1,873|8|-|||1,881|
|Kopano||-|750|687|||63|
|LawFacultyFund||1,228|14,868|16,357||625|364|
|MShuttleworthSchshps77,549|||28|77,500|||77|
|NMandelaSchool||125|45,156|38,445|||6,836|
|Neurosciences||56|-|-||-|56|
|OperaSchool||3,896|648|2,688|||1,856|
|Price/PoselPGSchsps||2,346|10,020|12,250|||116|
|ResidencesFund||30|120|130|||20|
|ProfRobertsonFund||3,469|1,256|2,250|||2,475|
|RugbyClub||13|75|81||-|7|
|SchoolsImprovement|104,330||9,278|42,938|||70,670|
|ScienceLearningCentre||<br>-|100,036|100,000|||36|
|SHAWCOFund||191|1,293|702|||782|
|Spiritof68Award||3|1,125|1,100|||28|
||363,072||371,366|463,011|||271,427|





## 

||||||Transfers||
|---|---|---|---|---|---|---|
||1January|||Gainson|between|31December|
||2020|Income|Expenditure|investments|funds|2020|
||£|£|£|£|£|£|
|Unrestrictedincome|||||||
|funds:|||||||
|GeneralFund|88,116|76,011|<br>67,790|-|-|96,337|
|TrustFundCapital:|||||||
|Capital|100|||||100|
|TotalFunds|1,258,372|330,908|440,491|<br>36,323|-|1,185,112|



||||||Transfers||
|---|---|---|---|---|---|---|
||1January|||Gainson|between31December||
||2019|Income|Expenditure|investments|funds|2019|
||£|£|£|£|£|£|
|Unrestrictedincome|||||||
|funds:|||||||
|GeneralFund|99,827|76,031|<br>87,742|-|-|88,116|
|TrustFundCapital:|||||||
|Capital|100||||-|100|
|TotalFunds|1,249,306|447,397|550,753|112,422|-|1,258,372|



## 

## 

## 

## 

## 

## 



## 



## 

## 

## 

## 

## 

|ANALYSISOFNETASSETSBETWEENFUNDS||||
|---|---|---|---|
|||Net||
|2020|Fixed|current||
||assets|assets|Total|
||£|£|£|
|Endowmentfunds|645,694|289,358|935,052|
|Restrictedincomefunds||153,623|153,623|
|Unrestrictedincomefunds|712|95,725|96,437|
|NETASSETS|646,406|538,706|1,185,112|
|||Net||
|2019|Fixed|current||
||assets|assets|Total|
||£|£|£|
|Endowmentfunds|750,751|147,978|898,729|
|Restrictedincomefunds|-|271,427|271,427|
|Unrestrictedincomefunds|1,085|87,131|88,216|
|NETASSETS|751,836|506,536|1,258,372|



## 

## 

||2020|2019|
|---|---|---|
||£|£|
|Netmovementinfunds|(73,260)|9,066|
|Depreciationoftangiblefixedassets|373|387|
|Interestincomeshownininvestingactivities|(8,552)|(15,387)|
|Net(gain)/lossoninvestments|(36,323)|43,253|
|Decreaseindebtors|99,495|25,805|
|Increase/(decrease)increditors|613|(319)|
|Cashusedinoperatingactivities|(17,654)|(92,870)|





## 

## 

||1|January||31December|
|---|---|---|---|---|
|||2020|CashFlows|2020|
|||f|f|f|
|Cash||346,146|132,278|478,424|
||1|January||31December|
|||2019|CashFlows|2019|
|||f|f|f|
|Cash||423,754|(77,608)|346,146|



## 

|At31December2020thecharityhadfutureminim<br>cancellableoperatingleasesassetoutbelow:|umpaymentsleasepayments|undernon|
|---|---|---|
||Landand|Landand|
||Buildings|Buildings|
||2020|2019|
||f|f|
|Fallingduewithinoneyear|6,990|8,100|
|Fallingduebetweenonetofiveyears||6,990|
||6,990|15,090|



##