Page 34 - UKZN Foundation AR 2024

UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number: IT 589/2003
STATEMENT OF CHANGES IN FUNDS AND RESERVES for the year ended 31 December 2024
Funds
Unspecified Investment Sub-Total Total Endowment Reserve Funds Funds
Funds RRRRR
Fund balances at 31 December 2022
Net Surplus for the year
Other comprehensive income for the year
Transfer of donations to specified endowment funds
Transfers to University operations
Net fair value movement in investments
Fund balances at 31 December 2023
Net Surplus for the year
Other comprehensive loss for the year -
Notes Specified Endowment
Fund
73 536 861
18 329 354
26 350 (484 237)
9 (17 260 450)
74 147 878
113 340 720 -
-
- 32 481 088
249 822 435 29 822 341 39 158
26 350
(484 237) -
59 256 361
Transfers to University operations
Net fair value movement in investments Fund balances at 31 December 2024
(628 941) 9 (15 290 185)
17 307 667
62 944 854
11 492 987
39 158
(15 220 638)
14 539 574
(54 004)
(13 483 215)
-
-
-
- - -
28 773 400
249 822 435
29 822 341
39 158
26 350
(484 237)
279 226 047
(54 004)
(628 941)
-
145 821 808
-
279 226 047
31 847 240
31 847 240 (54 004) (628 941) -
75 536 419
60 258 715
174 595 208
310 390 342
310 390 342
32 UKZN FOUNDATION ANNUAL REPORT 2024