Annual Report 2019

francet

Financials

The Timbavati Foundation (Registration number IT 1683/2009)

Financial statements for the year ended 28 Feb 2019

Detailed Income Statement

Revenue

2019

R

Fundraising Events 18,823

2018

R

Timbavati Private Nature Reserve Donation 1,963,125 1,941,199

Section 18A Donations 414,155 576,294

Other Donations 287,347 108,669

Other Income

Total 2,683,450 2,626,162

Fair Value Adjustment on Investments 3,459 96,450

Investment Income 243,735 217,268

Operating Expenses

Total 247,194 313,718

Audit & Accounting 49,147 30,508

Bank Charges 10,272 10,546

_

Statement of Financial Position as at 28 Feb 2019

Assets

Non-Current Assets

Vehicles & Equipment

Current Assets

2019

R

2018

R

216,926 213,806

Inventories 17,901 10,593

Receivables 22,333 131,913

Investments & Cash 5,425,763 5,020,615

Total Assets 5,682,923 5,376,927

Computer Expenses 4,860 1,700

Depreciation of Assets 95,973 88,074

Employee Costs 746,928 692,981

Environmental School Expenses 30,510 3,209

Fund Raising 13,500 76,564

Gas 19,879 15,707

Insurance 3,041 22,822

Municipal Charges 62,680 50,139

Fuel & Oil 54,507 48,341

Printing & Stationary 30,331 20,281

Advertising 15,228 33,478

Repairs & Maintenance - Vehicles 44,769 39,342

Repairs & Maintenance - Other 108,337 50,044

Equity & Liabilities

Equity

Trust Capital 100 100

Reserves 1,000,000 1,000,000

Accumulated Sur- 4,608,551 4,306,823

Total Liabilities 5,608,651 5,306,923

Current Liabilities

Trade & Other Payables

Total Equity &

Liabilities

74,272 70,004

5,682,923 5,376,927

Environmental School - Catering 123,033 103,555

Staff Welfare 47,092 29,708

Telephone & Fax 29,774 31,568

Travel - Local 7,445 505

Sundry Expenses 43,952 68,785

Total 1,541,198 1,417,857

Excess of Income Over Expenditure 1,389,446 1,522,025

Distribution to Beneficiaries 1,087,718 669,200

Surplus for the Year 301,728 852,825

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