Page 184 - Adopt-a-School Foundation 2016-2017 Annual Report
P. 184
ADOPT-A-SCHOOL FOUNDATION NPC
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
for the year ended 30 June 2017
15. subsequent events
No significant events occurred after the reporting period
16. taxation
No Provision has been made for taxation as the Foundation has been approved as a public benefit organisation in terms of Section 30 of the Income Tax Act,
and the receipts and accruals are exempt from income tax in terms of Section 10(1) (cN) of the Act
17. contingencies and commitments
There are no contingencies and commitments
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