Annual Report 2010 (4.1MB) - Nelson Mandela Foundation

Report of independentauditors To the trusteesof the Nelson MandelaFoundation Trust GroupThe summarised consolidated financial statementscomprising of the consolidated statement of financialposition, consolidated statement of comprehensiveincome, consolidated statement of changes in funds andconsolidated cash flow statement of the Nelson MandelaFoundation Trust Group, set out on pages 40 to 43, havebeen derived from the consolidated financial statements ofthe Nelson Mandela Foundation Group for the year ended28 February 2010. The summarised consolidated financialstatements are the responsibility of the Trust’s Trustees. Ourresponsibility is to express an opinion on whether the summarisedconsolidated financial statements are consistent, inall material respects, with the consolidated financial statementsfrom which they were derived.We have audited the consolidated financial statements ofthe Nelson Mandela Foundation Trust Group for the yearended 28 February 2010, from which the summarisedfinancial statements were derived, in accordance withInternational Standards on Auditing.In our opinion, the summarised consolidated financialstatements are consistent, in all material respects, withthe consolidated financial statements from which theywere derived.For a better understanding of the Trust’s financial position,its financial performance and cash flows for the year, andof the scope of our audit, the summarised consolidatedfinancial statements should be read in conjunction withthe consolidated financial statements from which thesummarised consolidated financial statements were derivedand our audit report thereon.PricewaterhouseCoopers Inc.Director: Nezira AyobRegistered AuditorPRETORIA24 August 2010NELSON MANDELA FOUNDATION ANNUAL REPORT 2010 39