Page 26 - UKZN Foundation AR 2024

UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number: IT 589/2003
FINANCIAL STATEMENTS
for the year ended 31 December 2024
CONTENTS Page
Statement of responsibility by the Board of Trustees and approval of the
financial statements .........................................................................................................................................................................25
Report of the Trustees......................................................................................................................................................................26 Independent auditor’s report ...............................................................................................................................................27-29 Statement of financial position ...................................................................................................................................................30 Statement of profit or loss and other comprehensive income.........................................................................................31 Statement of changes in funds and reserves..........................................................................................................................32 Statement of cash flows..................................................................................................................................................................33 Accounting policies...................................................................................................................................................................34-39 Notes to the financial statements ........................................................................................................................................40-50
Supplementary financial information
Schedule of expenditure...........................................................................................................................................................51 Schedule of endowment funds ..............................................................................................................................................52
24 UKZN FOUNDATION ANNUAL REPORT 2024