| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | funds | funds | funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| INCOMEFROM | ||||||
| Donations | 1 | 578,926 | - | 578,926 | 246,356 | |
| Charitableactivities | ||||||
| ProvisionofsupportforUCT | 2 | 65,000 | - | - | 65,000 | 76,000 |
| Investments | 3 | 5,949 | 5,949 | 8,552 | ||
| TOTALINCOME | 65,000 | 584,875 | - | 649,875 | 330,908 | |
| EXPENDITUREON | ||||||
| Raisingfunds | 4 | 85,665 | - | 85,665 | 67,417 | |
| Charitableactivities | ||||||
| ProvisionofsupportforUCT | 5 | 343 | 593,068 | - | 593,411 | 373,074 |
| TOTALEXPENDITURE | 86,008 | 593,068 | - | 679,076 | 440,491 | |
| NETEXPENDITURE | (21,008) | (8,193) | (29,201) | (109,583) | ||
| TRANSFERS | ||||||
| Gainsoninvestments | 8 | - | 185,408 | 185,408 | 36,323 | |
| NETMOVEMENTINFUNDS | (21,008) | (8,193) | 185,408 |
156,207 | (73,260) | |
| RECONCILIATIONOFFUNDS | ||||||
| Fundbalancesbroughtforward | 96,437 | 153,623 | 935,052 | 1,185,112 | 1,258,372 | |
| FUNDBALANCES | ||||||
| CARRIEDFORWARD | ||||||
| AT31DECEMBER2021 | 11 | 75,429 | 145,430 | 1,120,460 | 1,341,319 | 1,185,112 |
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| FIXEDASSETS | |||
| Tangibleassets | 7 | 369 | 712 |
| Investments | 8 | 981,102 | 645,694 |
| 981,471 | 646,406 | ||
| CURRENTASSETS | |||
| Debtors | 9 | 35,183 | 69,930 |
| Cashatbankandinhand | 337,891 | 478,424 | |
| 373,074 | 548,354 | ||
| LIABILITIES | |||
| Creditors:Amountsfallingduewithinoneyear | 10 | 13,226 | 9,648 |
| NETCURRENTASSETS | 359,848 | 538,706 | |
| TOTALASSETSLESSCURRENTLIABILITIESANDNETASSETS | 1,341,319 | 1,185,112 | |
| THEFUNDSOFTHECHARITY | |||
| Endowmentfunds | 11 | 1,120,460 | 935,052 |
| Restrictedincomefunds | 11 | 145,430 | 153,623 |
| Unrestrictedincomefunds | 11 | 75,329 | 96,337 |
| TrustFundcapital | 11 | 100 | 100 |
| TOTALCHARITYFUNDS | 12 | 1,341,319 | 1,185,112 |
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| NETCASHPROVIDEDBY(USEDIN)OPERATINGACTIVITIES | 13 | 4,958 | (17,654) |
| CASHFLOWSFROMINVESTINGACTIVITIES | |||
| Interestandinvestmentincomereceived | 5,949 | 8,552 | |
| Receiptsfromsalesofinvestments | - | 361,380 | |
| Purchasesofinvestments | (150,000) | (220,000) | |
| NETCASH(USEDIN)PROVIDEDBYINVESTINGACTIVITIES | (144,051) | 149,932 | |
| CHANGEINCASHANDCASHEQUIVALENTS | |||
| INTHEYEAR | 14 | (140,533) | 132,278 |
| Cashandcashequivalentsatbeginningofyear | 478,424 | 346,146 | |
| CASHANDCASHEQUIVALENTSAT | |||
| ENDOFYEAR | 337,891 | 478,424 |
| Unrestricted | Unrestricted | RestrictedEndowment |
RestrictedEndowment |
Total | Total | |
|---|---|---|---|---|---|---|
| funds | funds |
funds | 2021 | 2020 | ||
| £ | £ |
£ | £ | £ | ||
| 1. | DONATIONS | |||||
| Donationsfromfoundations,trusts | ||||||
| andcompanies | - | 381,316 |
- | 381,316 | 142,555 | |
| Donationsfromindividuals: | ||||||
| IncludingGiftAid | 112,431 | - | 112,431 | 75,041 | ||
| Other | - | 85,179 |
- | 85,179 | 28,760 | |
| - | 578,926 |
- | 578,926 | 246,356 | ||
| In2021,donationstotalling£578,926 | (2020: | £246,356)werereceivedor | pledged,ofwhich | £578,92 | ||
| (2020:£246,356)wererestrictedfunds. | ||||||
| Unrestricted | RestrictedEndowment |
Total | Total | |||
| funds | funds |
funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| 2. | INCOMEGENERATEDBYTHE | |||||
| PROVISIONOFSUPPORT | ||||||
| FORUCT | ||||||
| Operatinggrantcontributions | ||||||
| receivablefromtheUniversity | ||||||
| ofCapeTown | 65,000 | 65,000 | 76,000 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| 3. | INVESTMENTINCOME | |||||
| Bankinterestreceivableon | ||||||
| shorttermcashdeposits | - | 36 | - | 36 | 272 | |
| Incomefrominvestments | listedon | |||||
| arecognisedstockexchange: | ||||||
| UK | - | 5,913 | - | 5,913 | 8,280 | |
| - | 5,949 | - | 5,949 | 8,552 |
| Unrestricted | RestrictedEndowment | RestrictedEndowment | Total |
Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 |
2020 | ||
| £ | £ | £ | £ |
£ | ||
| 4. | EXPENDITUREONRAISINGFUNDS | |||||
| Directcosts: | ||||||
| Alumnifunctioncosts | 5,573 | - | 5,573 | - | ||
| AlumniAppeal | 4,444 | - | - | 4,444 |
2,662 | |
| Supportandgovernancecosts | ||||||
| (seenote6) | 75,648 | - | - | 75,648 |
64,755 | |
| 85,665 | - | 85,665 |
67,417 | |||
| In2021thecostsofraisingfundswere£85,665 | (2020:£67,417)ofwhich | £85,665(2020: | £67,417)wa | |||
| expenditurefromunrestricted | funds. | |||||
| Unrestricted | RestrictedEndowment | Total |
Total | |||
| funds | funds | funds | 2021 |
2020 | ||
| £ | £ | £ | £ |
£ | ||
| 5. | COSTSINCURREDINTHE | |||||
| PROVISIONOFSUPPORT | ||||||
| FORUCT | ||||||
| Directcosts: | ||||||
| Grantsgiveninsupportof | ||||||
| theUniversityofCapeTown | 593,068 | 593,068 | 372,701 | |||
| programmes | ||||||
| Supportcosts(seenote6) | 343 | 343 | 373 | |||
| 343 | 593,068 | 593,411 | 373,074 |
| Costsofgenerating | Costsincurred | Governance | Total | Total | ||
|---|---|---|---|---|---|---|
| voluntaryincome | inprovision | costs | 2021 | 2020 | ||
| ofsupportfor | ||||||
| UCT | ||||||
| £ | £ | £ | £ | £ | ||
| 6. | SUPPORTCOSTS | |||||
| Consultancyand | ||||||
| administration | 47,358 | - | 47,358 | 39,653 | ||
| Traveland | ||||||
| accommodation | 135 | - | 135 | (878) | ||
| Communicationsand | ||||||
| stationery | 1,457 | - | 1,457 | 2,350 | ||
| Operatingleaserentals: | ||||||
| Landandbuildings | 8,100 | 8,100 | 8,100 | |||
| Otherofficecosts | 6,718 | 6,718 | 5,992 | |||
| Auditor'sremuneration: | ||||||
| Auditfees | - | 9,540 | 9,540 | 9,538 | ||
| Legalfees | 2,340 | 2,340 | - | |||
| Depreciation—owned | ||||||
| assets | - | 343 |
- | 343 | 373 | |
| 63,768 | 343 | 11,880 | 75,991 | 65,128 |
| TANGIBLEASSETS | ||||
|---|---|---|---|---|
| Office | Furniture | |||
| Computers | equipment | andfittings | TOTAL | |
| £ | £ | £ | £ | |
| Cost: | ||||
| 1January2021 | 3,160 | 1,022 | 1,770 | 5,952 |
| 31December2021 | 3,160 | 1,022 | 1,770 | 5,952 |
| Depreciation: | ||||
| 1January2021 | 2,666 | 1,022 | 1,552 | 5,240 |
| Chargeforyear | 301 | - | 42 | 343 |
| 31December2021 | 2,967 | 1,022 | 1,594 | 5,583 |
| Netbookvalue: | ||||
| 31December2021 | 193 | - | 176 | 369 |
| 31December2020 | 494 | - | 218 | 712 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| 8. | INVESTMENTS | ||
| Investmentslistedonarecognisedstockexchange,heldprimarily | |||
| toprovideaninvestmentreturn,atmarketvalue: | |||
| Marketvalue1January2021 | 645,694 | 750,751 | |
| Additions | 150,000 | 220,000 | |
| Disposalproceeds | - | (361,380) | |
| Realisedlosses | - | (18,524) | |
| Unrealisedgains | 185,408 | 54,847 | |
| 31December2021 | 981,102 | 645,694 | |
| Atthebalancesheetdate,themarketvalueoftheportfoliocomprised: | |||
| UKinvestments | 981,102 | 645,694 | |
| Unittrustfundsandothersimilarsecurities | 981,102 | 645,694 |
| BlackRock | 545,288 | 426,743 | |
|---|---|---|---|
| CCLA | 210,972 | 109,007 | |
| StonehageFleming | 224,842 | 109,944 | |
| 981,102 | 645,694 | ||
| 2021 | 2020 | ||
| £ | £ | ||
| 9. | DEBTORS | ||
| Prepayments | 2,025 | 5,029 | |
| Accruedincome | 25,000 | 58,500 | |
| Incometaxrecoverable | 8,158 | 6,401 | |
| 35,183 | 69,930 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| 10. | CREDITORS | ||
| Amountsfallingduewithinoneyear: | |||
| Accruals | 13,226 | 9,648 |
| Transfers | ||||||
|---|---|---|---|---|---|---|
| 1January | Gainson | between31December | ||||
| 2021 | IncomeExpenditure | investments | funds | 2021 | ||
| £ | £ | £ | £ |
£ | £ | |
| Endowmentfunds | (heldatBlackRock,StonehageFleming, | CCLAorincash): | ||||
| GlaxoChairFund | 687,513 | 135,676 | - | 823,189 | ||
| LawFacultyFund | 170,423 | 33,959 | - | 204,382 | ||
| MibashanFund | 23,453 | 4,673 | 28,126 | |||
| OatesFund | 42,711 | - | 8,463 |
- | 51,174 | |
| AndrewsFund | 4,645 | - | 892 |
- | 5,537 | |
| KaplanAward | 6,307 | - | 1,745 | - | 8,052 | |
| 935,052 | - | 185,408 |
- | 1,120,460 | ||
| Transfers | ||||||
| 1January | Gainson | between31December | ||||
| 2020 | IncomeExpenditure | investments | funds | 2020 | ||
| f | £ | £ | £ |
£ | £ | |
| Endowmentfunds | (heldatBlackRock,StonehageFleming, | CCLAorincash): | ||||
| GlaxoChairFund | 673,015 | - | - | 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 | ||||||
|---|---|---|---|---|---|---|
| 1 | January | Gainson | between | 31December | ||
| 2021 | Income | Expenditure | investments | funds | 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Restrictedincomefunds: | ||||||
| Undistributedendowmentfunds | income- | |||||
| GlaxoChairFund | 7,991 | 5,324 | 7,030 | - | - | 6,285 |
| LawFacultyFund | 336 | 427 | 503 | - | 260 | |
| MibashanFund | 152 | 63 | 123 | - | - | 92 |
| OatesFund | 274 | 109 | 220 | - | 163 | |
| AndrewsFund | 22 | 7 | 19 | - | 10 | |
| KaplanAward | 20 | 13 | 21 | - | 12 | |
| 100UPProject | 146,942 | 145,538 | - | - | 1,404 | |
| AlumniinAction/GBV | - | 750 | 750 | - | - | |
| BaxterTheatre | 362 | 362 | ||||
| BursaryFund | 50,585 | 67,942 | 81,514 | - | 74 | 37,087 |
| ChildGuidanceClinic | 250 | 250 | - | - | ||
| COVID-19Emergency | 3,503 | 776 | 4,168 | (111) | ||
| DesmondTutuChair | - | 2,319 | 1,900 | - | 419 | |
| DisabilityService | - | 21,000 | 21,000 | - | ||
| DistinguishingUCT | 37,984 | 430 | 10,481 | - |
- | 27,933 |
| FacultyofEBE | 3,125 | 3,125 | - | |||
| FacultyofHealthSciences | 625 | 625 | - | |||
| FireEmergencyFund | 67,907 | 67,169 | - | 738 | ||
| FoodSecurity | 411 | 419 | - | 8 | ||
| JulianBaringSchFund | 219 | 33,130 | 33,349 | - | - | |
| KeswickPrize | 1,883 | - | - | 1,883 | ||
| Kopano | - | 625 | 625 | - | - | |
| LaptopProject | 3,500 | 3,500 | - | - | ||
| LawFacultyFund | 6,171 | 13,326 | 8,983 | - | - | 10,514 |
| OperaSchool | 21 | 6,250 | 21 | - |
- | 6,250 |
| PerinatalMentalHealth | 400 | - | - | - | 400 | |
| ResearchProjects | 49,921 | 26,953 |
- | - | 22,968 | |
| ResidencesFund | 20 | 120 | 120 | - | - | 20 |
| ProfRobertsonFund | 275 | 7,500 | 4,000 | - | 3,775 | |
| RugbyClub | (18) | 75 |
50 | - | 7 | |
| San&KhoiCentre | 500 | 500 | - | - | ||
| SchoolofMusic | 26,500 | 26,500 | - | - | ||
| SchoolsImprovement | 36,066 | 119,439 | 138,416 | - | 17,089 | |
| SHAWCOFund | 376 | 2,267 | 1,481 | - |
- | 1,162 |
| Spiritof68Award | 53 | 1,275 | 1,275 | - | - | 53 |
| StudentDebtFund | 13 | 8,913 | 2,020 | - | - | 6,906 |
| Interestdistributed | 29 | - | 58 | - | 29 | |
| 153,623 | 584,875 | 593,068 | 145,430 |
| Transfers | |||||||
|---|---|---|---|---|---|---|---|
| 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 | 19 |
38 | - | - | 22 | |
| KaplanAward | 392 | 21 | 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 | - | 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 | - | - | ||
| Opera School | 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 |
| Transfers | ||||||
|---|---|---|---|---|---|---|
| 1January | Gainson | between |
31December | |||
| 2021 | Income | Expenditureinvestments | funds |
2021 | ||
| £ | £ | £ | £ | £ |
£ | |
| Unrestrictedincome | ||||||
| funds: | ||||||
| GeneralFund | 96,337 | 65,000 | 86,008 | - | - |
75,329 |
| TrustFundCapital: | ||||||
| Capital | 100 | - | - | - |
100 | |
| TotalFunds | 1,185,112 | 649,875 | 679,076 | 185,408 | - |
1,341,319 |
| TrustFundCapitalrepresentsthe | initialsuminvestedwhentheTrustwas | established | ||||
| Transfers | ||||||
| 1January | Gainson | between |
31December | |||
| 2020 | Income | Expenditureinvestments | funds |
2020 | ||
| £ | £ | £ | £ | £ |
£ | |
| Unrestrictedincome | ||||||
| funds: | ||||||
| GeneralFund | 88,116 | 76,011 | 67,790 |
- | - |
96,337 |
| TrustFundCapital: | ||||||
| Capital | 100 | - | - |
100 | ||
| TotalFunds | 1,258,372 | 330,908 | 440,491 | 36,323 | - | 1,185,112 |
| ANALYSISOFNETASSETSBETWEENFUNDS | |||
|---|---|---|---|
| Net | |||
| 2021 | Fixed | current | |
| assets | assets | Total | |
| Endowmentfunds | 981,102 | 139,358 | 1,120,460 |
| Restrictedincomefunds | - | 145,430 | 145,430 |
| Unrestrictedincomefunds | 369 | 75,060 | 75,429 |
| NETASSETS | 981,471 | 359,848 | 1,341,319 |
| 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 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Netmovementinfunds | 157,647 | (73,260) | ||
| Depreciationoftangiblefixedassets | 343 | 373 | ||
| Interestincomeshownininvestingactivities | (5,949) | (8,552) | ||
| Net(gain)oninvestments | (185,408) | (36,323) | ||
| Decreaseindebtors | 34,747 | 99,495 | ||
| Increaseincreditors | 3,578 | 613 | ||
| Cashprovidedby(usedin)operating | activities | 4,958 | (17,654) | |
| ANALYSISOFCHANGESINNETDEBT | ||||
| 1 | January | 31December | ||
| 2021 | CashFlows | 2021 | ||
| £ | £ | E | ||
| Cash | 478,424 | (140,533) | 337,891 | |
| 1 | January | 31December | ||
| 2020 | CashFlows | 2020 | ||
| £ | E | £ | ||
| Cash | 346,146 | 132,278 | 478,424 |
| cancellableoperatingleasesassetoutbelow: | ||
|---|---|---|
| Landand | Landand | |
| Buildings | Buildings | |
| 2021 | 2020 | |
| E | E | |
| Fallingduewithinoneyear | 8,100 | 6,990 |
| Fallingduebetweenonetofiveyears | 31,290 | |
| 39,390 | 6,990 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | funds | funds | funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| INCOMEFROM | ||||||
| Donations | 1 | 578,926 | - | 578,926 | 246,356 | |
| Charitableactivities | ||||||
| ProvisionofsupportforUCT | 2 | 65,000 | - | 65,000 | 76,000 | |
| Investments | 3 | 5,949 | - | 5,949 | 8,552 | |
| TOTALINCOME | 65,000 | 584,875 | - | 649,875 | 330,908 | |
| EXPENDITUREON | ||||||
| Raisingfunds | 4 | 85,665 | - | 85,665 | 67,417 | |
| Charitableactivities | ||||||
| ProvisionofsupportforUCT | 5 | 343 | 593,068 | - | 593,411 | 373,074 |
| TOTALEXPENDITURE | 86,008 | 593,068 | - | 679,076 | 440,491 | |
| NETEXPENDITURE | (21,008) | (8,193) | - |
(29,201) | (109,583) | |
| TRANSFERS | ||||||
| Gainsoninvestments | 8 | - | 185,408 | 185,408 | 36,323 | |
| NETMOVEMENTINFUNDS | (21,008) | (8,193) | 185,408 |
156,207 | (73,260) | |
| RECONCILIATIONOFFUNDS | ||||||
| Fundbalancesbroughtforward | 96,437 | 153,623 | 935,052 | 1,185,112 | 1,258,372 | |
| FUNDBALANCES | ||||||
| CARRIEDFORWARD | ||||||
| AT31DECEMBER2021 | 11 | 75,429 | 145,430 | 1,120,460 | 1,341,319 | 1,185,112 |
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| FIXEDASSETS | |||
| Tangibleassets | 7 | 369 | 712 |
| Investments | 8 | 981,102 | 645,694 |
| 981,471 | 646,406 | ||
| CURRENTASSETS | |||
| Debtors | 9 | 35,183 | 69,930 |
| Cashatbankandinhand | 337,891 | 478,424 | |
| 373,074 | 548,354 | ||
| LIABILITIES | |||
| Creditors:Amountsfallingduewithinoneyear | 10 | 13,226 | 9,648 |
| NETCURRENTASSETS | 359,848 | 538,706 | |
| TOTALASSETSLESSCURRENTLIABILITIESANDNETASSETS | 1,341,319 | 1,185,112 | |
| THEFUNDSOFTHECHARITY | |||
| Endowmentfunds | 11 | 1,120,460 | 935,052 |
| Restrictedincomefunds | 11 | 145,430 | 153,623 |
| Unrestrictedincomefunds | 11 | 75,329 | 96,337 |
| TrustFundcapital | 11 | 100 | 100 |
| TOTALCHARITYFUNDS | 12 | 1,341,319 | 1,185,112 |
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| NETCASHPROVIDEDBY(USEDIN)OPERATINGACTIVITIES | 13 | 4,958 | (17,654) |
| CASHFLOWSFROMINVESTINGACTIVITIES | |||
| Interestandinvestmentincomereceived | 5,949 | 8,552 | |
| Receiptsfromsalesofinvestments | - | 361,380 | |
| Purchasesofinvestments | (150,000) | (220,000) | |
| NETCASH(USEDIN)PROVIDEDBYINVESTINGACTIVITIES | (144,051) | 149,932 | |
| CHANGEINCASHANDCASHEQUIVALENTS | |||
| INTHEYEAR | 14 | (140,533) | 132,278 |
| Cashandcashequivalentsatbeginningofyear | 478,424 | 346,146 | |
| CASHANDCASHEQUIVALENTSAT | |||
| ENDOFYEAR | 337,891 | 478,424 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| 1. | DONATIONS | |||||
| Donationsfromfoundations, | trusts | |||||
| andcompanies | - | 381,316 | 381,316 | 142,555 | ||
| Donationsfromindividuals: | ||||||
| IncludingGiftAid | - | 112,431 | 112,431 | 75,041 | ||
| Other | - | 85,179 | 85,179 | 28,760 | ||
| 578,926 | 578,926 | 246,356 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| 2. | INCOMEGENERATEDBYTHE | |||||
| PROVISIONOFSUPPORT | ||||||
| FORUCT | ||||||
| Operatinggrantcontributions | ||||||
| receivablefromtheUniversity | ||||||
| ofCapeTown | 65,000 | 65,000 | 76,000 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| 3. | INVESTMENTINCOME | |||||
| Bankinterestreceivableon | ||||||
| shorttermcashdeposits | - | 36 | 36 | 272 | ||
| Incomefrominvestments | listedon | |||||
| arecognisedstockexchange: | ||||||
| UK | - | 5,913 | 5,913 | 8,280 | ||
| - | 5,949 | 5,949 | 8,552 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| 4. | EXPENDITUREONRAISINGFUNDS | |||||
| Directcosts: | ||||||
| Alumnifunctioncosts | 5,573 | - | 5,573 | - | ||
| AlumniAppeal | 4,444 | - | 4,444 | 2,662 | ||
| Supportandgovernancecosts | ||||||
| (seenote6) | 75,648 | - | 75,648 | 64,755 | ||
| 85,665 | - | 85,665 | 67,417 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| 5. | COSTSINCURREDINTHE | |||||
| PROVISIONOFSUPPORT | ||||||
| FORUCT | ||||||
| Directcosts: | ||||||
| Grantsgiveninsupportof | ||||||
| theUniversityofCapeTown | 593,068 | - | 593,068 | 372,701 | ||
| programmes | ||||||
| Supportcosts(seenote6) | 343 | 343 | 373 | |||
| 343 | 593,068 | 593,411 | 373,074 |
| Costsofgenerating | Costsincurred | Governance | Total | Total | ||
|---|---|---|---|---|---|---|
| voluntaryincome | inprovision | costs | 2021 | 2020 | ||
| ofsupportfor | ||||||
| UCT | ||||||
| £ | £ | £ | £ | £ | ||
| 6. | SUPPORTCOSTS | |||||
| Consultancyand | ||||||
| administration | 47,358 | - | 47,358 | 39,653 | ||
| Traveland | ||||||
| accommodation | 135 | 135 | (878) | |||
| Communicationsand | ||||||
| stationery | 1,457 | - | 1,457 | 2,350 | ||
| Operatingleaserentals: | ||||||
| Landandbuildings | 8,100 | - | 8,100 | 8,100 | ||
| Otherofficecosts | 6,718 | - | - | 6,718 | 5,992 | |
| Auditor'sremuneration: | ||||||
| Auditfees | - | - |
9,540 | 9,540 | 9,538 | |
| Legalfees | - | - |
2,340 | 2,340 | ||
| Depreciation—owned | ||||||
| assets | 343 | - | 343 | 373 | ||
| 63,768 | 343 | 11,880 | 75,991 | 65,128 |
| TANGIBLEASSETS | ||||
|---|---|---|---|---|
| Office | Furniture | |||
| Computers | equipment | andfittings | TOTAL | |
| £ | £ | £ | £ | |
| Cost: | ||||
| 1January2021 | 3,160 | 1,022 | 1,770 | 5,952 |
| 31December2021 | 3,160 | 1,022 | 1,770 | 5,952 |
| Depreciation: | ||||
| 1January2021 | 2,666 | 1,022 | 1,552 | 5,240 |
| Chargeforyear | 301 | 42 | 343 | |
| 31December2021 | 2,967 | 1,022 | 1,594 | 5,583 |
| Netbookvalue: | ||||
| 31December2021 | 193 | 176 | 369 | |
| 31December2020 | 494 | 218 | 712 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| 8. | INVESTMENTS | ||
| Investmentslistedonarecognisedstockexchange,heldprimarily | |||
| toprovideaninvestmentreturn,atmarketvalue: | |||
| Marketvalue1January2021 | 645,694 | 750,751 | |
| Additions | 150,000 | 220,000 | |
| Disposalproceeds | - | (361,380) | |
| Realisedlosses | - | (18,524) | |
| Unrealisedgains | 185,408 | 54,847 | |
| 31December2021 | 981,102 | 645,694 | |
| Atthebalancesheetdate,themarketvalueoftheportfoliocomprised: | |||
| UKinvestments | 981,102 | 645,694 | |
| Unittrustfundsandothersimilarsecurities | 981,102 | 645,694 |
| BlackRock | 545,288 | 426,743 | |
|---|---|---|---|
| CCLA | 210,972 | 109,007 | |
| StonehageFleming | 224,842 | 109,944 | |
| 981,102 | 645,694 | ||
| 2021 | 2020 | ||
| £ | £ | ||
| 9. | DEBTORS | ||
| Prepayments | 2,025 | 5,029 | |
| Accruedincome | 25,000 | 58,500 | |
| Incometaxrecoverable | 8,158 | 6,401 | |
| 35,183 | 69,930 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| 10. | CREDITORS | ||
| Amountsfallingduewithinoneyear: | |||
| Accruals | 13,226 | 9,648 |
| THEFUNDSOFTHE | CHARITY | |||||
|---|---|---|---|---|---|---|
| Transfers | ||||||
| 1January | Gainson | between31December | ||||
| 2021 | IncomeExpenditure | investments | funds | 2021 | ||
| f | £ | £ | £ |
f | f | |
| Endowmentfunds | (heldatBlackRock,StonehageFleming, | CCLAorincash): | ||||
| GlaxoChairFund | 687,513 | - | 135,676 |
823,189 | ||
| LawFacultyFund | 170,423 | - | 33,959 |
204,382 | ||
| MibashanFund | 23,453 | - | 4,673 |
28,126 | ||
| OatesFund | 42,711 | - | 8,463 |
51,174 | ||
| AndrewsFund | 4,645 | - | 892 |
5,537 | ||
| KaplanAward | 6,307 | - | 1,745 |
8,052 | ||
| 935,052 | 185,408 | - | 1,120,460 | |||
| Transfers | ||||||
| 1January | Gainson | between31December | ||||
| 2020 | IncomeExpenditure | investments | funds | 2020 | ||
| £ | f | £ | £ |
f | £ | |
| Endowmentfunds | (heldatBlackRock,StonehageFleming, | CCLAorincash): | ||||
| GlaxoChairFund | 673,015 | 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 | ||||||
|---|---|---|---|---|---|---|
| 1 | January | Gainson | between | 31December | ||
| 2021 | Income | Expenditure | investments | funds | 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Restrictedincomefunds: | ||||||
| Undistributedendowmentfunds | income- | |||||
| GlaxoChairFund | 7,991 | 5,324 | 7,030 | 6,285 | ||
| LawFacultyFund | 336 | 427 | 503 | 260 | ||
| MibashanFund | 152 | 63 | 123 | 92 | ||
| OatesFund | 274 | 109 | 220 | 163 | ||
| AndrewsFund | 22 | 7 | 19 | 10 | ||
| KaplanAward | 20 | 13 | 21 | 12 | ||
| 100UPProject | 146,942 | 145,538 | 1,404 | |||
| AlumniinAction/GBV | 750 | 750 | - | |||
| BaxterTheatre | 362 | - | 362 | - | ||
| BursaryFund | 50,585 | 67,942 | 81,514 | 74 | 37,087 | |
| ChildGuidanceClinic | 250 | - | 250 | - | - | |
| COVID-19Emergency | 3,503 | 776 | 4,168 | (111) | - | |
| DesmondTutuChair | 2,319 | 1,900 | 419 | |||
| DisabilityService | 21,000 | 21,000 | - | |||
| DistinguishingUCT | 37,984 | 430 | 10,481 | 27,933 | ||
| FacultyofEBE | 3,125 | - | 3,125 | - | ||
| FacultyofHealthSciences | 625 | 625 | - | |||
| FireEmergencyFund | 67,907 | 67,169 | 738 | |||
| FoodSecurity | 411 | - | 419 | 8 | - | |
| JulianBaringSchFund | 219 | 33,130 | 33,349 | - | ||
| KeswickPrize | 1,883 | - | - | 1,883 | ||
| Kopano | 625 | 625 | - | |||
| LaptopProject | 3,500 | - | 3,500 | - | ||
| LawFacultyFund | 6,171 | 13,326 | 8,983 | 10,514 | ||
| OperaSchool | 21 | 6,250 | 21 | 6,250 | ||
| PerinatalMentalHealth | 400 | - | 400 | |||
| ResearchProjects | 49,921 | 26,953 |
22,968 | |||
| ResidencesFund | 20 | 120 | 120 | 20 | ||
| ProfRobertsonFund | 275 | 7,500 | 4,000 | 3,775 | ||
| RugbyClub | (18) | 75 |
50 | 7 | ||
| San&KhoiCentre | 500 | 500 | - | |||
| SchoolofMusic | 26,500 | 26,500 | - | |||
| SchoolsImprovement | 36,066 | 119,439 | 138,416 | 17,089 | ||
| SHAWCOFund | 376 | 2,267 | 1,481 | 1,162 | ||
| Spiritof68Award | 53 | 1,275 | 1,275 | 53 | ||
| StudentDebtFund | 13 | 8,913 | 2,020 | 6,906 | ||
| Interestdistributed | 29 | - | 58 | 29 | ||
| 153,623 | 584,875 | 593,068 | 145,430 |
| Transfers | |||||||
|---|---|---|---|---|---|---|---|
| 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 | 19 |
38 | - | - | 22 | |
| KaplanAward | 392 | 21 | 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 | - |
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 |
| Transfers | ||||||
|---|---|---|---|---|---|---|
| 1January | Gainson | between |
31December | |||
| 2021 | Income | Expenditureinvestments | funds |
2021 | ||
| £ | £ | £ | £ | £ |
£ | |
| Unrestrictedincome | ||||||
| funds: | ||||||
| GeneralFund | 96,337 | 65,000 | 86,008 | - | - |
75,329 |
| TrustFundCapital: | ||||||
| Capital | 100 | - | - | - | 100 | |
| TotalFunds | 1,185,112 | 649,875 | 679,076 | 185,408 | 1,341,319 | |
| TrustFundCapitalrepresentsthe | initialsuminvestedwhentheTrustwas | established | ||||
| Transfers | ||||||
| 1January | Gainson | between |
31December | |||
| 2020 | Income | Expenditureinvestments | funds |
2020 | ||
| £ | £ | £ | £ | £ |
£ | |
| Unrestrictedincome | ||||||
| funds: | ||||||
| GeneralFund | 88,116 | 76,011 | 67,790 |
96,337 | ||
| TrustFundCapital: | ||||||
| Capital | 100 | - | 100 | |||
| TotalFunds | 1,258,372 | 330,908 | 440,491 | 36,323 | 1,185,112 |
| ANALYSISOFNETASSETSBETWEENFUNDS | |||
|---|---|---|---|
| Net | |||
| 2021 | Fixed | current | |
| assets | assets | Total | |
£ |
£ |
£ |
|
| Endowmentfunds | 981,102 | 139,358 | 1,120,460 |
| Restrictedincomefunds | 145,430 | 145,430 | |
| Unrestrictedincomefunds | 369 | 75,060 | 75,429 |
| NETASSETS | 981,471 | 359,848 | 1,341,319 |
| 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 |
| 2021 | 2020 | |||
|---|---|---|---|---|
£ |
£ |
|||
| Netmovementinfunds | 157,647 | (73,260) | ||
| Depreciationoftangiblefixedassets | 343 | 373 | ||
| Interestincomeshownininvestingactivities | (5,949) | (8,552) | ||
| Net(gain)oninvestments | (185,408) | (36,323) | ||
| Decreaseindebtors | 34,747 | 99,495 | ||
| Increaseincreditors | 3,578 | 613 | ||
| Cashprovidedby(usedin)operating | activities | 4,958 | (17,654) | |
| ANALYSISOFCHANGESINNETDEBT | ||||
| 1 | January | 31December | ||
| 2021 | CashFlows | 2021 | ||
| Cash | 478,424 | (140,533) | 337,891 | |
| 1 | January | 31December | ||
| 2020 | CashFlows | 2020 | ||
| Cash | 346,146 | 132,278 | 478,424 |
| At31December2021thecharityhadfutureminim cancellableoperatingleasesassetoutbelow: |
umpaymentsleasepayments | undernon- |
|---|---|---|
| Landand | Landand | |
| Buildings | Buildings | |
| 2021 | 2020 | |
£ |
£ |
|
| Fallingduewithinoneyear | 8,100 | 6,990 |
| Fallingduebetweenonetofiveyears | 31,290 | |
| 39,390 | 6,990 |