|
Financial Results
Income Statement for the year ended 31 March 2005
| |
9 MONTHS
2005 (R) |
12 MONTHS
2004 (R) |
| GROSS INCOME |
10, 552, 204 |
383,163 |
| Interest Received |
10, 552, 204
|
383,163
|
| EXPENDITURE |
5, 771, 185 |
6, 668, 913 |
| Auditors' Remuneration |
21, 659 |
27, 700 |
| Bank Charges |
45, 612 |
13, 354 |
| Community Commitment: Discretionary Fund |
38, 573 |
90, 577 |
| Community Commitment: Projects |
4, 944, 755 |
5, 817, 086 |
| Consulting Fees and Public Relations |
152, 752 |
301, 381 |
| Depreciation |
23, 641 |
36, 007 |
| Insurance |
3, 898 |
1, 386 |
| Legal Expenses |
55, 469 |
1, 462 |
| Motor Vehicle Expenses |
280 |
1 758 |
| Printing and Stationery |
24, 995 |
29, 057 |
| Relocation Costs |
1, 140 |
- |
| Repairs & Maintenance |
1, 275 |
- |
| Salaries |
333, 000 |
213, 374 |
| Staff Recruitment |
- |
20, 520 |
| Staff Training |
- |
4, 950 |
| Staff Welfare |
4, 645 |
- |
| Telephone & Fax |
31, 559 |
8, 371 |
| Travel |
20, 664 |
5, 447 |
| Trustees' Emoluments: Attendance Fees & Honorarium |
62, 082 |
84, 490 |
| Trustees' Emoluments: Refreshments |
216 |
4, 478 |
| Trustees' Emoluments: Training |
4,970 |
4, 563 |
| |
|
|
| LOSS/PROFIT |
4,781,019 |
(6, 285, 750) |
Golden Arrow Foundation 2004/2005
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2005 |
TRUST CAPITAL (R) |
| BALANCE AT 01 JULY 2003
|
9,532,367 |
Net loss for the year
Adjustment in fair value of available for sale investment |
(6 285 750)
124 999 873 |
| BALANCE AT 01 JULY 2004 |
128 246 490 |
| Net profit for the period |
4,781,019 |
| BALANCE AS AT 31 MARCH 2005 |
133,027,508 |
|