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Contents
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CEO and Founder’s Message
Tomorrow Trust Students Journey
LEAP
Donors and Sponsors
Chairman’s Report
Holiday and Saturday School Program
Tomorrow Trust Gives Back
Donor Involvement IQ Camp New Partnerships
Tomorrow Trust Post- Secondary Beneficiaries
Financial Statements
Deputy Chairman’s Report
Overview
Additional Programs
Post Secondary Program
Graduated Students Alumni Programme
Detailed Income Statement
Quick Facts
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2014 was an extremely successful year for Tomorrow Trust.
We were able to evaluate and report back on all levels of the programmes to show the actual impact on both the academic and
psycho social aspects of our beneficiaries. It was the first year that we closed the gap of the full journey of the holistic support
mechanisms in place that now takes place from Grade 1 (K1) through to Grade 12, university and college, to our working Alumni.
Our Grade 10 class have now been with us since Grade 1 and are proving that with longitudinal and holistic support they can tap into
their potential to rise above their circumstances and deliver on the highest levels.
In 9 years we have achieved top results from all our beneficiaries who came to us with the lower pass marks ranging from 30-40% and
at times lower and are achieving astounding results due to the individual and holistic support we give at Tomorrow Trust. Our Grade
12 class from 2014 are proof of this - the average pass mark when they joined us in Grade 10 was 40%. Out of 72 students in Grade 12
we achieved 94 distinctions and over 82% university level pass marks.
In 9 years we now have 160 Alumni all working in top companies, doctors and nurses in the hospitals and teachers in our schools. They
are striking examples that your circumstances and background does not dictate who you are nor who you can become.
CEO and Founder’s Message
“The task of the modern educator is not
to cut down jungles, but to irrigate deserts.”
– C.S. Lewis
Founder CEO – Kim Normand-Feinberg
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South Africa is in dire need of the great potential that lies within our children and youth and while our education system lies broken
and unsupportive of our children and youth we will lose out of developing leaders across the board and will carry on creating a system
that sets up our children and youth for failure. This is done through no fault of their own. We have seen and continue to witness the
tenacity, hunger, strength and commitment of all our beneficiaries to break their cycle of poverty and to lift themselves and their
families up to a level of self-reliability and independence.
No country can be successful without an educated youth. For as long as we face a systemic breakdown in our education system,
Tomorrow Trust remains essential in the services we provide. I take this opportunity to not only congratulate each of our students;
I would like to thank our donors and partners for recognizing, acknowledging and believing in our work and mission. You all make
Tomorrow Trust viable in how we run and what we do. You each take on changing the future of our children and the future of our
country. It is only through partnerships that we actually create sustainable impact. Together we create a different world for us all, alone
we only touch a few with little depth and impact. You all have chosen to join the team so that many more are touched through love,
support and a professional service.
As we enter our 10th year I look forward to watching many more of our beneficiaries attain their best results in all areas of their lives
and we, at Tomorrow Trust recommit to everyone involved - our exceptional Board of Trustees, the Tomorrow Trust team of full time
staff and teachers, partners, donors and students, that we will carry on reaching greater heights on all levels to be leaders in our field.
We will be brutally honest within Tomorrow Trust to raise our game constantly so that your world, our world, and the world of each of
our beneficiaries is positively impacted and changed for generations to come.
Tomorrow Trust Saturday School learners
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Tomorrow Trust has again made pleasing progress in all areas.
The heart of our work is of course helping our beneficiaries to develop their great talents. This continues to show impressive results in
terms of their academic achievement, and to yield moving stories in terms of their personal growth. The team has continued to refine
their record keeping, allowing us increasingly to measure impact.
Financially we are stronger than ever, much to the credit of Kim Feinberg. She has been steadily growing our network in the USA and
we are delighted to begin to see the fruits of this as our circle of friends in the US grows. Of course this represents far more than just
financial support, and we treasure the commitment of our supporters both in SA and abroad.
We enter our tenth year in 2015. Strategically the founding intention remains in force, obviously with some refinement and
adjustment, particularly in extending our support to beneficiaries over their whole primary and secondary schooling prior to
embarking on their tertiary studies. We have reviewed this direction over the past year or two, including considering extending
our services to other areas such as actual provision of school education, but have not so far seen the need for a substantial pivot.
Tomorrow Trust continues to serve what is a growing need, and to do so in a focused and effective way.
Chairman’s Report
“Intelligence plus character-that is the goal
of true education.”– Martin Luther King Jr.
Chairman – Jonathan Cook
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I would like to thank the board of trustees for continuing to provide helpful and expert leadership and support. During the year
under review, we received the resignations of Dorianne Weil and Sharise Weiner who have been stalwarts of Tomorrow Trust from the
beginning, and have now graciously agreed to become Patrons of the Tomorrow Trust. More recently, Rosie Motene who has been
a Trustee for over 6 years has also asked to be released. We treasure their contributions and thank them for many hours of generous
involvement. Although this falls outside the year on which we are reporting, we are also absolutely delighted that Karabo Leopeng,
one of our own beneficiaries from the early days, and now a professional economist with a leading bank, will be joining the Tomorrow
Trust staff in 2015. Therefore she has also stepped down from the board. We are delighted to welcome Philile Maphumulo to the board
and look forward to her contributions.
Tomorrow Trust has a great staff team, wonderful supporters, and a strong board of trustees. I would particularly like to recognise the
work of our deputy chair this year, Jack Phalane, whose legal advice has helped us on many, many occasions, and whose colleagueship
and wisdom I have appreciated over the years. I decided some time ago that I should stand down as chair but will however remain a
trustee. I was therefore delighted at the AGM to be able to hand over the happy responsibility of chairing the Trust to Jack and I wish
him every success as he provides leadership in the years ahead.
Junior Holiday School Learner
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Tomorrow Trust’s journey has highlighted the need and importance of dealing with both the social, psychological and educational
needs of the beneficiaries (youth and children). This has resulted in Tomorrow Trust emphasising and adopting an individual
and holistic approach to the way in which the beneficiaries are and should be supported. Tomorrow Trust has ensured that the
beneficiaries receive inter alia, the psycho-social support required to cope with academic studies and arranging for the beneficiaries to
be mentored.
Although vital, it is not enough to just pay for tuition fees without taking care of the students’ needs holistically as those needs are
likely to influence the students’ academic performance and future.
The need to adopt an individual and holistic approach has become increasingly important in light of the recent xenophobic attacks in
our country, which were deplorable to say the least. Our beneficiaries need to be educated about humanity and be made to realise
that what defines us as human beings is not our race, our place of birth or geographic location. As human beings we have been
Deputy Chairman’s Report
““Live as if you were to die tomorrow. Learn as if you were to live
forever.””– Mahatma Gandhi
Deputy Chairman – Jack Phalane
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Tomorrow Trust Post-Secondary Learners.
blessed with the ability to distinguish between what is right and wrong. The social, psychological and educational wellbeing of our
beneficiaries need to be reared and nurtured so as to bring about the good human nature that is innate.
The alumnus of Tomorrow Trust have been given the opportunity by the various partners of Tomorrow Trust to apply their trade,
be it by way of learnerships and/or full time employment. We are grateful to all our donors for making such a positive life changing
contribution to our children and youth. Your contribution is invaluable to the success and growth of Tomorrow Trust.
To all the partners of Tomorrow Trust, let us create the opportunity for our children to learn and apply their knowledge and in so doing,
South Africa’s tomorrow will be a different one.
Re a leboga
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Overview
IntroductionThe Tomorrow Trust supports orphaned and vulnerable children throughout their educational journey. Providing holistic education,
we focus on academics and life skills, thereby empowering them to reach their full potential as self-sustaining and proactive members
of society.
We are dedicated to finding the students who are the most vulnerable and marginalized, and who therefore have the greatest
potential to reverse the course of their futures. We evaluate them as whole individuals—with intricate and specialized needs that
cannot be met by a “one size fits all” mentality towards education. In this way, from the very beginning, we build a tailored program to
help each student where he or she needs it most. This is our holistic support method, which runs throughout all stages of learning, to
provide students with academic and psychosocial support.
It is important to note that each student enters at different stages of our student cycle—because educational intervention can never
be too late.
Why Tomorrow Trust – for every 100 South African students 51 make it to senior year
40 graduate high school
16 qualify for college
and only 2 will graduate college.
The Tomorrow Trust is changing these statistics. Learn how.
Tomorrow Trust students Tomorrow Trust students are influenced by their education from day one. The
Tomorrow Trust supports orphaned and vulnerable children to achieve their
educational goals, from their earliest years until they are program alumni. Providing
holistic support – psycho social and academic – to each student ensures South
African youth receive the education they deserve.
We believe in a HAND UP that empowers and emancipates South African youths from
poverty, rather than a HAND OUT that keeps them entrenched in charity. Giving them
the tools and skills they need to survive and thrive in the 21st century, our graduates
are empowered to reach their full potential as self-sustaining and proactive members
of society.
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Trustees Ms. Kim Normand-Feinberg Trustee
Mr. Jonathan Cook Chairman
Mr. Jack Phalane Deputy Chairman
Ms. Rosie Motene Trustee
Mr. Roy Midlane Trustee
Mr. Samuel Mensah Trustee
Ms. Karabo Leopeng Trustee
Ms. Lerato Pelo Trustee
PatronsMr. Mervyn King
Mrs. Dorianne Weil
Mrs. Sharise Weiner
From Charity to Self Sustainability
The charity cycle of dependance
Tomorrow Trust pathway of sustainability
Nutritional Support
Feeding Schemes &
Food parcels Education – School
Partial Education Support
Holistic Support –
Individualised Development
Academic & Psychosocial
Support
Unemployment,Poverty and
Family Burdens
Career Guidance and Employment Assistance
Dependence on Charity & Social Grants
Education – Post
Secondary
Home-based Care &
Psychological Support
Self Sustainability
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Schematic Flow Illustrating Sustainability Filtration Process
Holiday SchoolGrade R to Grade 12
Saturday SchoolGrade 7 to Grade 12
Post SecondaryCollege & University
Alumni & South African Economy & Society
Sustainable, Self-reliant Individuals
EducationIn South Africa, a student’s education spans over 13 years,
beginning at Grade R (kindergarten) and ending at Grade 12. For 40
years, schools suffered from a poorly managed education structure,
reinforced by an unequal apartheid education that segregated
races—and robbed many students of opportunities. In 1994, this
segregation law was overturned—but, South Africa still struggles
to produce high performing schools. The South African education
system is in crises with the stats being the worst that we have
experienced in previous years. The new pass grade is 35% and no
student is allowed to fail twice so they are then pushed up to the
next grade with no knowledge of the work needed.
The persistence of an inadequate education has long lasting effects
on South Africans and their communities. According to Brand
South Africa, illiteracy rates currently stand at 18% for adults over
the age of 15, leading to a high rate of unemployment among South Africans. This dilemma is compounded by low participation in
higher education, with only 16% of 18-24-year olds being accepted to universities.
Knowing that education and life skill development are the essential ingredient to sustainable developed and poverty reduction,
Tomorrow Trust is committed to altering the course of education in our country.
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Northern Cape
Western Cape
Eastern Cape
Free State
North West
Limpopo
Mpumalanga
Kwazulu-Natal
Gauteng
Tomorrow Trust initiatives in place
No Tomorrow Trust initiatives in place yet
Provinces with initiatives in progress within the Republic of South Africa:
Natural Feed through of learners from Saturday and Holiday School Programme into Post-Secondary Programme
Grade R-7Holiday School
Programme
Grade 8-12Saturday and
Holiday School Programme
Post Secondary Programme
Tertiary Support
Employsble, well rounded,
self empowered individuals broken
away from poverty
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Economies & Families
Junior Holiday School Learner
Education is the most sustainable option to provide
professional opportunities, and to improve socio-economic
conditions. Once a Tomorrow Trust student graduates from
college, they are fully prepared for a career in their field of
study. Providing students with a fulfilling career strengthens
their communities and their economy. Graduates go on to
support their entire family, bringing parents, siblings, aunts, and
uncles out of poverty.
All Tomorrow Trust students are required to give back to
younger students and to their community. They learn how
their actions can improve their community and bring about a
stronger South Africa. As communities become more educated,
economies thrive, jobs increase, and poverty rates decline.
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Tomorrow Trust is now in its 10th year. We are strong in our monitoring and evaluation practises.
We are committed to seeing what process and impact is being made from year to year. Please see
below a few stats that depict the work and the impact that we are doing.
Junior Holiday School Programme: Grade R (kindergarten) – Grade 7Future success in education—and life—depends on a strong foundation of skills development.
This is the focus in the primary grades, ensuring that students are prepared for the senior phase of
schooling. Our students focus on Mathematics, Literacy and English skills, which form the bedrock
for expanding knowledge as they grow. South African juniors in Government schools only start to
hear and learn English in Grade 4 which sets them back at least 2 years academically, often they
never catch up moving forward.
But, it isn’t simply about providing a classroom experience. We know that students require academic
support, yet we supplement this with nutritious meals, stationary and course materials. We also
provide transportation from townships to host schools. In this way, each student is in the best
possible position to take advantage of the learning opportunities provided.
Saturday and Holiday School: Grade 8 – Grade 12Having established a strong framework of knowledge, our students graduate from Grade 7 with
new confidence and skills. At this point, they advance to our Saturday and Holiday School program,
which focuses more closely on Mathematics, Biology, Science and English. Their existing knowledge
is deepened, and new subjects are introduced to round out their education and support the
development of well-rounded individuals. Again, we transport these learners to host schools to
guarantee access and safety, and their academic endeavors are supported with nutritious meals,
stationery and holistic support.
Due to their circumstances, these young people are not exposed to career guidance nor any
options as to how to move forward once they have completed their schooling. Tomorrow Trust
sees to all their individual needs, making sure that they have a focus on the correct post-secondary
studies that they should take up as well as which institution they should apply to.
The Holiday School Programme is in its 9th year. The Graph below depicts the increase in number of
learners over the years.
Tomorrow Trust student’s journey
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Holiday and Saturday School Programme Model of SustainabilityIn 2006 Tomorrow Trust had 200 learners in the Junior Holiday School Programme. These learners have progressed with the Tomorrow
Trust programme and are now in Grade 8,9 and 10.
Our Programmes
Holiday and Saturday School Programme
Number of Learners in Holiday School Programme over the last 8 years
2006 2007 2008 2009 2010 2011 2012 2013
200
700800
10001200 1200 1200 1200 1300
2014
Senior Saturday and Holiday School Programme: (Grade 8-12)The findings from the ANA have shown that South African
Mathematical ability is on a very low level. According to
the Global Competitiveness (GC) report, South Africa was
ranked 133rd out of 142 countries for the quality of its
primary education. It is evident that in Grade 9 learners
are not equipped with the foundations of maths to
enable them to pass with a good mark.
Alongside we compare, the Annual National Assessments
to that of the Tomorrow Trust Holiday and Saturday school
programme to prove that the intervention programmes
of the Tomorrow Trust are greatly benefiting the learners
who participate in the programme.
2013
NationalDepartment of Education
GautengDepartment of Education
Tomorrow Trust
2014
English Maths2013 2014
33% 34%
14%11%
38% 39%
16% 12%
65% 65%
56% 54%
A 2 year comparison of the Tomorrow Trust Grade 9 English and Maths Results verses the 2014 Annual National Assessment Results of learners achieving 50% and more
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The Tomorrow Trust Saturday and Holiday School Programme
have shown the quality and commitment to the academic
outcome of learner’s results. Tomorrow Trust believes in
accessing the potential in every child and ensuring they pass
Grade 12 with improved marks despite the various challenges
they face. This in turn develops a well-rounded competent
individual who can positively contribute to South Africa
economy.
A university entry is an achievement of 60% and above. This allows learners to enter into further university institutes.
2014 Grade 12 learners were the first group of learners to write
their National Senior Certificate on the new CAPS curriculum.
The Tomorrow Trust has obtained a 96% Grade 12 pass rate
compared to that of National pass rate of 75.8%. Even though
the pass rate is high it is not conducive to showing the quality
of the passes. Tomorrow Trust delivers on a high quality and
has proven to show the success in the quality of the pass.
We have achieved 82.43% University grade compared to the
Gauteng Department of Education university pass of 25%.
Please see below for the 2014 highlights:
2012
2012
NationalDepartment of Education
National Department of Education university entry
GautengDepartment of Education
Gauteng Department of Education university entry
Tomorrow Trust Grade 12 pass rate
Tomorrow Trust Grade university entry
2013
2013
2014
2014
73.90%
26.80%
78.20%
30.60%
75.80%
28.30%
83.90%
43%
87.00%
39%
84.70%
25%
100%
87.80%
100%
75%
96%
82.43%
The Comparison of the Grade 12 Pass Rate for the National Department of Education, Gauteng Department of Education and Tomorrow Trust
The Percentage of University Grade for the National Department of Education, Gauteng Department of Education and Tomorrow Trust
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Tomorrow Trust Top Distinctions and Achievements in 2014
Ndabezinhle Mokoena 6 distinctions including English (76%), Mathematics (89%), Life Science (90%) and Physical Science (88%)
Ayanda Nkonyane 6 distinctions including English (75%), Mathematics (81%), Accountancy (95%) and Business Studies (88%)
Thapelo Manyelo 6 distinctions including Mathematics (93%), Life Science (89%) and Physical Science (81%)
Winnie Nyembe 6 distinctions including Mathematics (81%), Life science (82%) and Physical Science (81%)
Sinenhlanhla Ndlovu 6 distinctions including English (81%) Accountancy (92%) and Business Studies (96%)
Patience Mazule 5 distinctions including English (80%) and Life Science (84%)
Sandile Manzingana 5 distinctions including Mathematics (76%) and Life Science (79%)
Nomthandazo Mabena 5 distinctions including Life Science (85%) and Physical Science (75%)
Mororiseng Ndhlalane 4 distinctions including Mathematics (98%), Life Science (78%) and Physical Science (83%)
Nokuthula Mkatshelwa 4 distinctions including Accounting (88%) and Business studies (82%)
Lehlohonolo Mkhabela 3 distinctions that include Mathematics (87%), Life Science (79%) and Physical Science (85%)
Lethabo Sebothoma 3 distinctions including Mathematics (81%) and English (79%)
Tomorrow Trust 2014 Grade 12 achieved a total of 94 distinctions
Tomorrow Trust does not simply take the top students, as many other organisations do. We place a great deal of emphasis on potential
and attitude. The learners and students we work with generally start the programme with results in the 40% range, and we work with
the beneficiaries to improve their results.
Holistic Support and Self Development For the Saturday and Holiday School Programme
110,240 nutritious meals were served during 2014. This included Breakfast, Snack and Lunch
93 taxi are used at the Holiday and Saturday School Programme on an annual basis
80% attendance rate in the overall Holiday and Saturday School Programme in 2014.
180,000 pages are used for printing of notes each year for senior phase learners
In the spirit of giving back, the Grade 8, 9 and 12 facilitated a Christmas Party for the Junior Holiday School Programme in 2014.
50 Comprehensive workshops took place in 2014. These workshops included career guidance, coaching, study skills and Self
Mastery workshops conducted by Kim Feinberg
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education and find promising careers. The program also
offers educational games that focus on Reading, Spelling, and
Mathematics, which allows the Tomorrow Trust to monitor the
progress of each individual learner and identify focus areas for
each group.
Additional Programmes
HSP learners participating in the computer literacy programme.
2014 2014
Holiday School & Computer Literacy Programme Term-going Learners
Holiday School & Computer Literacy Programme Term-going Learners
89% 89%
72% 72%
Grade 4 Mathematics Grade 7 Mathematics
Computer Literacy Programme Term-going Learners
Computer Literacy Programme Term-going Learners
Teacher Development ProgramThe Teacher Development Program is focused in the
foundation phase of school, as this is paramount to childhood
development as a phase is the building block for future
academic success. The Tomorrow Trust works with Grade R
(kindergarten) educators from township schools, training
them in classroom skills that mean the impact of Tomorrow
Trust initiatives extend beyond the supplemental education
program we run—expanding the number of children who
will be impacted by improved learning environments. In
addition to attending 5 annual workshops, teachers receive the
following:
Training in working with large numbers of children.
Tips to implement the curriculum in their classrooms.
Work plans and resources to equalize learning throughout
the region.
Computer Literacy ProgramIn addition to holistic and basic academic support, the
Tomorrow Trust believes in advancing computer literacy
among South African youth. Becoming comfortable with
technology is necessary for students to succeed in higher
At the beginning of 2014
The end of 2014
The grade 4s were at a grade 3 level of complexity
The grade 4s are at a grade 4 level of complexity
The grade 7s were at a grade 5 level of complexity
The grade 7s are at a grade 7 level of complexity in numeracy and, a grade 6 level of complexity in literacy
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Post Secondary Programme
Considering the poorly functioning state of education in South Africa, it is truly an incredible
moment to see our students graduate from Grade 12—and the pride that they rightfully feel is
overwhelming. At this stage, they are prepared to be part of our Post-Secondary program, which is
geared towards assisting students through college and university. We are committed to providing
support for these young adults throughout the year. Monthly workshops are arranged where life
skills, study skills, self-awareness and self-mastery issues are developed and taught. This furthers their
growth as they develop in to competent, proactive individuals. Upon graduation, students enter the
South African job market as skilled and reliable individuals, ready to further and sustain the growth of
our country.
We give both psycho social and academic support which encompasses all of the above making sure
that these young individuals are very ready for the world when they graduate.
Post-secondary students are required to give back at least 10 hours a year to the younger groups
within the Grade R – Grade 12 program at Tomorrow Trust. They then become motivators and role
models to the younger students and at the same time learn the wonder of being able to make a
positive impact on another’s life.
Post-Secondary DepartmentIn 2005, the Tomorrow Trust Post-Secondary department was assisting 12 students obtain tertiary
qualifications. Since then we have grown to supporting 142 students in 2014.
These students are studying diplomas and degrees across a variety of respectable institutions in
South Africa. The breakdown of university versus college enrolment in 2014 is as follows:
2005 2014
We started with 12 Post-
Secondary students
We are proud that we now have 142 beneficiaries,
studying various courses from Plumbing to Medicine
University
College
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113
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We support students in fields that are likely to make them self-sustainable and free from charity, as can be seen below. Fields range
from Commerce, Engineering and Health Sciences, to Law.
Tomorrow Trust 2015 students by stream
State of tertiary education in South AfricaThe Tomorrow Trust came about as a solution to the educational crisis we are faced with. For a country to be successful, and for the
citizens to be productive members of society, education of youth is imperative.
STATE OF NATIONAL HIGHER EDUCATION IN SA TOMORROW TRUST
46% of all students who started studying three- and
four-year degrees in 2005 at South Africa’s 22 universities,
excluding Unisa, had dropped out by 2010 - data
published by the Council on Higher Education1
Since 2005 the average yearly dropout rate of Tomorrow
Trust is 2.4%
55% of students who enter into higher education
institutions will not complete their degree2
Only 15% of those who enter into a tertiary qualification
will complete on time2
84.2% of Tomorrow Trust beneficiaries have proceeded to
the next year without adding time to their qualification
duration.
Tomorrow Trust spots potential in worthy South African youth, and allows these youth to access tertiary education where they
otherwise would not be able to. In addition, Tomorrow Trust provides holistic support, which creates an environment that nurtures
students and improves their chances of success.
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Commerce
Engineering Field
Health Scie
nces
Humanities
Science
s
Management
Educatio
n
IT & Computer Scie
nce
Fash
ion & ArtsLaws
7
13
2
11
23
98
23
8
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Final exam results2012 2013 2014
Overall Distinctions 103 139 139
University Distinctions 57 84 84
College Distinctions 46 55 55
Some of the awards and honours bestowed upon Tomorrow Trust students in 2014 include:
Ongeziwe Manjati - University of Johannesburg, ND Accountancy, 2nd year. From the Eastern Cape, and has experienced many
setbacks in her young life. She did not qualify for a degree, so did her certificate, then diploma, and is currently in Advanced
Diploma of Accounting. Sent by her institution to Australia last year, as one of their top performers. She is also part of the invite
only UJenius Vice Chancellor’s society at UJ. She was the top performing student for 2014 in the Post-Secondary Department.
Kennedy Lekoko – Midrand Graduate Institute, BSc Computer Science. In final year presentations, Kennedy’s group was awarded
first place overall.
Gugulethu Radebe – BSc Biological Sciences, University of Pretoria. Despite challenging home situation, and struggling
academically, Gugu improved her result in one of her modules from 52% to 82%. This was through assistance by the Academic
Support Coordinator and a private tutor sourced by the Tomorrow Trust.
Lebohang Mookamedi & Poshy Mpai – MBBCh, University of the Witwatersrand. In 2014 Lebohang with 7 distinctions and
Poshy with 6 distinctions are the top two 2nd year Medicine students at University of the Witwatersrand.
Golden Key International Honours Society Bomikazi Ndovela (4th Bcom Management, University of Cape Town)
Kudzanai Shambambeva (4th year, Accounting Sciences, University of the Witwatersrand)
Chad Gulston (3rd year Medicine, University of Cape Town)
Vuyisile Tshangela ( 2nd year Medicine, University of Witwatersrand)
Poshy Mpai (2nd year, Medicine University of the Witwatersrand)
Linda Mahlangu ( 2nd year, LLB University of the Witwatersrand)
Vincent Simelane (2nd year, BA Law University of Johannesburg)
Lebohang Mookamedi (2nd year, Medicine University of the Witswatersrand)
Tabisa Sowazi (3rd year, Medicine University of the Witswatersrand)
Tshepiso Sowazi (3rd year, Medicine University of the Witswatersrand)
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In the effort to develop self-sufficient and well-rounded
individuals who will not only excel in their careers but form
part of a caring society, all Post-Secondary students are
required to give back 10 hours towards Tomorrow Trust
activities. These activities are mainly focused on assisting at
the Holiday School Programme through tutoring, coordinating,
giving motivation and have enabled our students to
demonstrate their soft skills.
It is admirable that 40% of our students gave back more than
the recommended 10 hours. The table below indicates the
number of hours volunteered by students during the period
February to October 2014.
Number of students
Hours volunteered
1 73
4 50-53
1 40
8 30-32
16 21-27
19 11-20
82 5-10
The Tomorrow Trust is not just a bursary fund, compared
to many other organisations; we also focus on the Holistic
development of the individual.
Tomorrow Trust gives back
Words from our Beneficiaries:“Words cannot fully describe how grateful I am for what you
did for me... From you I have learnt to never live a day in my life
without love filled in my heart and at all time I should be ready
to love and be compassionate to others.”
– Karabo Sebusi, Education graduate (2014), University of
Johannesburg”
“I have been self-empowered when it comes to taking charge
of my life. Through the psychological help that is also being
offered by the trust, I have become a bold individual. A young
lady that can now stand up for what she believes in. The self-
confidence that I have since gained gives me the courage to
not be fearful of what the future holds, I know who I am and
I know what I want out of life… My success is not only for
myself but for my family and everyone else whose life I will
have an impact on.”
– Vanessa Mhlanga, 3rd year BSc Biological Sciences, University
of Pretoria
“What I took from TT is the gift of gratitude. I have learnt that
it makes a world’s difference to someone when you not only
tell them but also show them how grateful you are. It transmits
positive energy. I have also learnt to appreciate the challenges
that I face.”
– Penelope Lekgau, BCTA, University of Johannesburg
“I’ve learned not be ashamed of my past or where I come from,
I learned to be proud of the things I’ve been through and now
I’m able to share it with other people, because now I realize
that it is not about where you come from but where you going,
and I learned that I am not defined but the things I have but
what’s inside is what matters the most”
– Olga Mampane
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HOLISTIC SUPPORT AND SELF DEVELOPMENT
During the course of their studies our students will attend approx 30 holistic workshops, totalling 99 hours of self-mastery,
motivational, academic and workplace skill development
The students go through a holistic curriculum during the course of their studies focusing on the themes of “Gratitude”, “My Journey”,
and “Free to be Me”
Each year 20 Tomorrow Trust students are awarded based on their academic performance, attitudes, resilience, giving back, and
character
Tomorrow Trust requires each of their Post-Secondary students to give back 10 hours of their time yearly to the Holiday and Saturday School Programmes
In 2014, our students attended 6 theatre productions, including Tango Fire, Queen at the Ballet, Cirque de la Symhonie, Spamalot, My Favourite Swings, and the Peace Starts Concert.
14 fortunate and deserving Tomorrow Trust students have attended LEAP, a leadership programme at UCLA in Los Angeles. This programme gives a 7 year Leap in life.
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Total number of students attending college, university & other Institutions:
New Intake 2014
Name Course Institution
Akani Mabunda Diploma in International Trade and Transport CBMSAndries Mohasoa B Accounting Sciences UJAntonio Mdhluli BSc Construction Studies WITSBonga Nazo MBBCh WITSBrian Nkosikhona Sibanda ND Engineering CPUTComfort Dhlamini Diploma in International Trade and Transport CBMSEdith Nyama Chemical Engineering WitsForgiveness Mathebula B Mechanical Engineering UPFrans Lesetja Kgomo BSc Medical Sciences UPGodfrey Tshehla BSc WITSGodknows Khoza BSc Computer Science MGIKgaogelo Mangena Retail LISOFKgosi Gaeshwe BSc Mathematical Sciences UJLebohang Mookamedi MBBCh WITSLerato Makgobathe Diploma in Fashion Retail LISOFLinda Mahlangu LLB WitsLindo Khoza BSc Actuarial Science UPLydia Malatjie BSc Biological Sciences WITSMahlape Mabula BA Fashion LISOFMaropeng Maria Mononyane Diploma in Fashion Retail LISOFMasilo Rathupa BSc Computer Science MGIMbali Tshabalala B Education - FET Phase WITSMbonani Thocha B Com Accounting UJMfundo Gladwin Mkhasibe BSc Computer Science MGINobuhle Prudence Mazibuko BA WITSNomathamsanqa Lungile Mazibuko BA International Relations WITSNthabiseng Marie Madikwe B Laws UJObakeng Mabena BA Fashion LISOFPhindile Hlongwane B Com Industrial Psychology UJPoshy Mpai MBBCh WITSReabetswe Maggie BA International Relations WitsSandile Sibeko BA General (International Relations) WITSSango Ntintili BSc Mathematical Sciences WITSSibusiso Rakgolela BSc Computer Science UPThabang Sebola BSc Mathematical Statistics UPThembelihle Ntintili Bridging Certificate in Finance UJTinyiko Sambo BSc WITSVincent Simelane BA Law Wits
26
College Students 2014
Name Course Institution Akani Mabunda Diploma in International Trade & Transport College for Business & Maritime StudiesAshli Smukler BA Fashion Design LISOFBuhle Zizi Diploma in Public Relations Varsity College Jessica (Jescar) Molubi Diploma in Public Relations Varsity College Kgamane Tilotsane Diploma in IT Varsity College Kgaogelo Mangena Diploma Fashion Retail LISOFLerato Beauty Makgobathe Diploma Fashion Retail LISOFLesego Mokoma Diploma in IT Networking Rosebank CollegeMartelle Ludik BA Fashion Design LISOFMahlahla Thocha BCom Financial Accounting Damelin RandburgMahlape Mabula BA Fashion Design LISOFMaria Maropeng Mononyane Diploma Fashion Retail LISOFNontokozo Ngubane BA Fashion Design LISOFObakeng Mabena BA Fashion Design LISOFPerseverance Magabe Diploma in IT Varsity College Thapelo Mashego ND Civil Engineering CJCThokozani Nokhona Diploma in Business Management Rosebank CollegeYvonne Makhafola Diploma in Graphic Design Rosebank CollegeComfort Dlamini Diploma in International Trade & Transport College for Business & Maritime Studies
27
University Students 2014
Name Course Institution Andrew Semenya BA Hons in Public Management & Governance UJAndries Mohasoa B Accounting Sciences UJAngel Maringa BCom Hons Accounting UNISAAntonio Mdluli BSc Constraction Studies WitsAudrey Ndlovu B Cur UJAvela Maqashalala BSc Mechanical Engineering WITSBeauty Sello ND IT-Web and Application Development (Ext) TUTBoitumelo Mogakwe BA Corporate Communication UJBomikazi Ndovela BCom Management UCTBonga Nazo MBBCh WITSBongani Ngubeni BCTA UJBrian Nkosikhona Sibanda ND Information Technology Cape Peninsula University of TechChad Gulston BSc in Medicine UCTCuthbert (Tumiso) Sedutla BSc Mechanical Engineering WITSDerrick Nkambule BCom Accounting (Honours) UCTDimakatso Mlambo BCom Applied Accounting Midrand Graduate InstituteDineo Rena BCom Accounting UNISAEdith Nyama Bsc in Engineering (Chemical) WITSElmond (Kadisha) Thamaga ND Administrative Management TUTEunice Malapo ND IT-Technical Applications TUTForgivenesss Mathebula B Machanical Engineering UPFrans Lesetja Kgomo BSc Medical Science UPGodfrey Tshehla BSc WITSGodknows Khoza BSc Computer Science Midrand Graduate InstituteGugulethu Princess Radebe BSc Biochemistry UPHector Moloko BSc Mathematical Science UJImmaculate Lefifi BA International Relations & Law WITSJack (Douglas) Phiri BSc Computer Sciences Midrand Graduate InstituteJimmy Makgobjane BSc Electrical and Electronic Engineering UJJudith Mhlanga Diploma in Management services UJKanego Mohlala BSc Biochemistry Midrand Graduate InstituteKarabo Sebusi Bachelor of Education UJKennedy Lekoko BSc Computer Sciences Midrand Graduate InstituteKgomotso Beetha BCTA UJKgosi Gaeshwe BSc Mathematical Sciences UJKhahliso Togo ND Information Technology TUTKhutso Mabuela ND Chemical Engineering UJKudzanai Shambambeva B Accounting Sciences WITSLebohang Mookamedi MBBCh WITSLehlohonolo Kekana BSc Medicine (extended degree) MEDUNSALeigh Hendricks BSc Occupational Therapy UCTLerato Modau BCom (DMNL) WITSLesego Letlape B Accounting Sciences UNISA/FLB
28
University Students
Name Course Institution
Letlhogonolo Sweety Modise ND IT-Support Services (EXT) TUTLinda Diphoko BCom Accounting UCTLinda Mahlangu Bachelor of law (LLB) WITSLindelani Hlophe Bachelor of Education UJLindile Khumalo ND IT-Communication Networks (Extended) TUTLindiwe Sarah Motloung ND Human Resources UJLindo Khoza B Actuarial Science UPLiziwe Fihlani BA Geography UJLondiwe (Lethukuthula) Nkosi Bachelor of Education UJLydia Malatjie BSc Biological Sciences WITSMandla Ndaba B Accounting Sciences WITSMarcus (Mpho) Chabane B Architectural Studies WITSMasilo Rathupa BSc Computer Science Midrand Graduate InstituteMbali Tenza BSc Mathematical Sciences UJMbali Tshabalala B Education- FET Phase WITSMbekezeli Sibanda BSc Computer Science UPMbonani Thocha BCom Accounting UJMfundo Mkhasibe BSc Computer Sciences Midrand Graduate InstituteMncedisi Innocent Ngwenya BSc Computer Sciences Midrand Graduate InstituteMusa Maposa BSc Biomedicine Midrand Graduate InstituteMusa Mlangeni Bachelor of Business Science UCTNelisiwe Sibanyoni NDip Computer Systems Engineering TUTNeo (Walter) Letsoko BSc (Eng) Mechanical WITSNeo Mobango ND Biotechnology UJNhlalala Rikhotso Bachelor of Business Science UCTNishaam Pretorius BSc Computer Sciences Midrand Graduate InstituteNkosikhona Soqinase Bachelor of Education UJNobuhle Prudence Mazibuko BA International Relations WITSNoluvuyo Shwempe Bachelor of Science Rhodes UniversityNomathamsanqa Lungile Mazibuko BA International Relations WITSNosiba Ndlovu BCom Financial Management UPNthabiseng Marie Madikwe Bachelor of Law (LLB) UJOlga Mamphane BSc Biomedicine Midrand Graduate InstituteOngeziwe Manjati Advanced Diploma in Accountancy UJ (SWC)Patience Minnie Moyo Bachelor of law (LLB) WITSPatricia Mokoena BSc in Computer and Mathematical Sciences Midrand Graduate InstitutePaula Nopetown Bachelor of Commerce (Law) WITSPenelope Lekgau BCTA UJPhindile Hlongwane B Com Inderstrial Psychology UJPhumlani Nyanga BAdmin UWCPoshy Mpai MBBCh WITS
29
Prudence Kgapane Bcom Finance UJReabetswe Maggie Ramakoetsane BA International Relations WITSSandile Sibeko BA Generals(International Relation) WITSSango Ntintili Bsc Mathematical Sciences WITSSfiso Motha BSc Mathematical Sciences UPShaun Bok BSc Mathematical Sciences StellenboschShereen Phasa NDip Civil Engineering UJSibusiso Rakgolela BSc Computer Science UPSifiso Collen Shabangu BSc Computer Sciences UPSikhanyile Noholoza BCom Accounting Ext UJSinje Ncube B Pharmacy WITSSipho Kebeni MBChB WITSSola Masola BSc Chemical Engineering WITSTabisa Sowazi BCom Economics Management UPTerrence Mncube Bsc Computer Science UJThabang Sebola BSc Mathematical Statistics UPThabang William Motsoeneng BAHons in Public Management & Governance UJThembelihle Ntuli Bridging Certificate in Finance UJThobisile Zulu BCom Internal Auditing UPTinyiko Sambo BSc UPTiro Mashila ND IT TUTTsakane Makaringe BSc Mathematical Sciences UJTumelo Mahlatji BSc Hons Developmental Studies UPTumisang Lekote ND Information Technology (Extended) TUTVanessa Valentine Mhlanga BSc Biological Sciences UPVincent Simelane BA Law UJVuyisile Tshangela MBBCh WITSVuyo Siyalana BCom Law & Economics UWCWandile Biyana BSc Human Physiology & Psychology UJWebster Selolo B Pharmacy MEDUNSAZanele Mahlangu BSc Chemical Engineering UPZintle Majeke Bcom Finance UJZukiswa Tati Bachelor of Business Science UCTZwelakhe Mokatsane Bachelor of Law (LLB) UJ
University Students
Name Course Institution
30
Graduates
Students who graduated in 2014
Name Course Institution
Akani Mabunda Diploma in International Trade College for Business & Maritime StudiesAndrew Semenya BA Honours Public Management & Governance UJAshli Smulker BA Fashion Design LISOFAudrey Ndlovu Bachelor of Nursing Science (B Cur) UJBrian Mntambo BCom Management (Human Resources) UNISAComfort Dlamini Diploma in International Trade College for Business & Maritime StudiesDimakatso Mlambo BCom Accounting MGIHector Moloko BSc Mathematical Sciences UJKarabo Sebusi Bachelor of Education (Senior Phase) UJKudzanai Shambambeva Bachelor of Accounting Science WITSLindelani Hlophe Bachelor of Education (Further Education & Training) UJLiziwe Fihlani BA Geography UJLondiwe Nkosi Bachelor of Education (Foundation Phase) UJMahlahla Thocha BCom Financial Accounting DamelinMartelle Ludik BA Fashion Design LISOFMasola Sola BSc Chemical Engineering WITSNkosikhona Soqinase Bachelor of Education (Further Education & Training) UJSibusisiwe Mayambela BCom Rhodes UniversityThabang Motsoeneng BA Honours Public Management & Governance UJThapelo Mashego National Diploma in Civil Engineering CJCThobesile Zulu BCom Honours Internal Auditing UPZwelakhe Mokatsane Bachelor of Law (LLB) UJ
31
Alumni Programme
Tomorrow Trust students never truly leave the Tomorrow Trust program, because we
become family through the close bonds developed in our learning environments.
What’s more, their opportunities to engage with Tomorrow Trust never end. Once they
graduate college, students are accepted into the alumni program that offers a platform
for graduates to participate in the future of the organization and to network amongst
themselves. This program serves a dual purpose. First, alumni are encouraged to give
back to fellow students in younger grades and contribute to the well-being of children
in similar circumstances. Second, our alumni program encourages peer support and
networking by like-minded young people who are able to share their stories of success.
This final piece of the puzzle encourages our graduates to be engaged, civic-minded
individuals who never stop giving back to their communities.
Alumni come to gatherings aimed at their needs addressing career support and
general life support.
In just 10 years, Tomorrow Trust has 161 graduates and alumni. Having gone through
the programmes and graduated in different fields of study, many are working in top
corporate companies in South Africa.
Tomorrow Trust graduates by year
MastersDegree
Honours Degree
Degree B.Tech Degree
NationalDiploma
Diploma Certificates Matric &Employed
Qualifications and Alumni by End 2013In the numbers below, alumni and graduates have completed their studies in different
streams and are in different types of employment - formal and informal.
419
54
3 6
57
144
1
2007
31
2012
12
2008
10
2013
29
2009
23
2014
28
2010
161
TOTAL
27
2011
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A proud partnership – Tomorrow Trust and LEAP
LEAP (Leadership Excellence & Accelerating Potential) is a non-profit foundation that annually organizes a youth leadership
programme held at UCLA. Each year, hundreds of students travel from across the globe to attend LEAP’s week-long program dedicated
to helping young adults uncover the “real-life” skills needed to achieve great success. Dr Bill Dorfman sponsors Tomorrow Trust
students each year to attend the LEAP program and present on their lives as inspiration to others. Marcus Chabane and Zintle Majeke
are students who received the opportunity to attend this year with our CEO, Ms Kim Normand-Feinberg. The program took place from
July 27th- August 2nd at the Campus of UCLA, Los Angeles, California.
Our students presented before 450 audiences which was a first for them. It is always an inspirational moment when students tell their
stories and tell them with confidence and pride. This year our students continued to inspire people.
LEAP
The LEAP programme is a phenomenal programme that allows for immense growth especially with the knowledge attained throughout the week. The programme has, without doubt, given me an advantageous head-start ahead of my contemporaries.The programme is extremely effective as it is presented in concentrated amount and the lessons are in depth. The lessons vary and thus allows for different people to learn in all their particular fields of interests.
I am truly appreciative and grateful for having had the opportunity to attend the programme, it has not only strengthened my skills but also re-enforced self-realisation in all aspects of my life. I really enjoyed your examples of how the information you teach within LEAP has helped to get to where you are as a Dentist in life. I recite your story to everyone that I ecstatically explain my experience of LEAP to. I have been applying the lessons I have learnt- for example , with the 100year lifestyle, I don’t eat burgers or drink fizzy sodas any longer, I feed myself with knowledge by having daily readings of a self-growth book every day.
I am truly grateful for the experience and I definitely owe The Tomorrow Trust a great deal for having given me the opportunity to attend your programme. I have created numerous relationships which many are still healthy and active today. I am part of an international mastermind group and I have created one of my own back here at home.
I have no excuse to not bare the fruits of the knowledge attained at the LEAP programme- I will do what I ought to do when I ought to do it, with no debate
Marcus Chabane
This was by far the most incredible and amazing experience ever had.
It changed my attitude towards life and reaching my goals and how to
get what I want for myself. Throughout the program I have been able
to identify who I am, who I want to be and how to get there using my
strengths to a great future.
When I arrived at Leap I really did not expect what I experienced, actually
I didn’t even know what to expect because everyone had been telling
me so much I felt like my expectation were raised too high that it cannot
all be true till I got there, I was just blown away by how amazing this
program is. People there are so great, positive and enthusiastic about
life and so determined to achieve great things, it was such an honour to
surround myself around them.
I always thought I had a plan but when I went to Leap I realised a plan
not written down is not a real plan but just a dream. I now have started
writing everything I want to achieve short, medium and long term and
this actually feels even more real than anything I have been doing. I now
feel so guided about where I want to go and be.
Going to the mentor workshop was my highlight of the program because
I met people in different professions that I was interested in because I was
undecided on my specific career until I sat with Mr. Gary Dorfman. He
was amazing and inspiring, especially knowing I was talking to someone
who is where I want to be in the near future. It motivated me even more
to pursue a career in investments. Many may say that was little time but
for me it was more than anyone could ask for.
What I learnt that I felt was most important to take away from Leap was
gratitude and appreciation. Writing and receiving the ‘I Appreciate’ notes
was just too beautiful to describe. I love how it makes you appreciate
people and uplifts you in every way you could imagine. I realised that
Leap is Tomorrow Trust in a week, and knowing there are people who
care about your future is so motivating and AWESOME.
Zintle Majeke
“Education is a human right
with immense power to
transform. On its foundation rest
the cornerstones of freedom,
democracy and sustainable
human development.”
– Kofi Annan
33
34
Tomorrow Trust at the Cell C media launch
On the 14th April 2014, the Tomorrow
Trust Post-Secondary students sponsored
by Cell C attended the Media Launch of their Take a Girl Child
to Work Mentorship Programme. Miss SA, Rolene Strauss
and Deputy Minister for Women, Children and People with
Disabilities Hendrietta Ipeleng Bogopane-Zulu addressed the
group.
Tomorrow Trust beneficiary, Eunice Malapo , a 3rd year student
sponsored by Cell C doing a National Diploma in IT technical
Applications told her story. The audience was moved by this
confident young woman’s life journey and how she was able
to overcome her obstacles. The event was inspirational and
empowering. And we couldn’t have been more honoured to
be a part of it.
Donors involvement
Brait Foundation joins the Tomorrow Trust Junior Holiday School learners at the annual Christmas Party
On the 29th November 2014, the Tomorrow Trust
hosted the annual Christmas Party for the Junior
Holiday School Programme. The Christmas
party celebrates the achievements of the year as well as
the celebration of Christmas and giving back. This year the
Christmas party included baking of Christmas treats and crafts
like making a reindeers, Christmas baskets, snow men and
building Santa Claus. The Brait Foundation provided each of
their sponsored beneficiary with a hamper filled with goodies.
The beautiful boxes had toys, stationery and a clothing item
that the learners were very excited to receive. Brait Foundation
staff member were actively involved in assisting the learners
with their treats and crafts contributing to the season of giving
back.
We would like to thank Brait Foundation and the team for
spending the day with us.
35
Levis SA staff give back
Levis has worked with a group of Grade 9
for the duration of the year, engaging with
them on various topics and life lessons. On
Thursday, 4th December 2014, Levis took out the group of
Grade 9 learners as part of the company’s community day.
For their Community Day, the learners went to Art Jamming
in Melrose Arch. The aim of the Community day was to
activate creativity and allow learners to experience with their
imaginations. Everyone had their paint brushes and chose
paint colours they wanted to use for their painting. The theme
was “what do I want life around me to look like”. Learners
were allowed to express themselves using these brushes and
beautiful coloured paints.
We would like to thank Levis for partnering with Tomorrow
Trust and providing experiential learning to the Grade 9
learners.
Makro has been one of Tomorrow
Trust longest standing partners. On the
12th December 2014, Makro held a Community day that
brought together all walks of lives from their employees to
the Tomorrow Trust beneficiaries. The Makro Community day
was held on the development site for their new Makro store
building in Fourways. A group of Junior Holiday School learners
attended the day and each received free vouchers for various
meals. Many learners baked with Snowflake, had their faces
painted, danced, camel rides, bull rides and other enjoyable
activities throughout the day. This was a great platform for all
walks of live to come together and have fun.
Thank you Makro for this opportunity, we look forward to the
next Community day.
Makro Community day
36
The Tomorrow Trust partnered with IQ Business in 2013,
forming a partnership that would provide Holiday School
going Grade 10 learners with the opportunity to be exposed to
life-skills workshops and a year-end camp. IQ Business worked
closely with the learners providing workshops around values
that are relevant to the learners such as compassion, respect,
integrity, love and education. Each child identified with the
values and practiced these values in everyday life.
The IQ team then conducted ‘speed-dating’ to get to know
each child personally. The learners enjoyed the collaboration
and the workshop strengthened their knowledge and belief in
values.
The “My Life” camp was held at Thabo Morula Adventure Camp
from the 6th December to the 8th December 2014. The Theme
of the camp was Survivor. The aim was to incorporate the
various values learnt into fun activities.
The camp challenged each individual by incorporating the
following – yoga and aerobic classes; experiencing first hand
cheetah, game drives; games; abseiling and sand models; team
development through various outdoor obsticle courses and
zamba dancing.
We would like to thank IQ Business as well as Adam Craker and
his team for being actively involved in the development of our
Tomorrow Trust learners.
IQ Camp
37
TCP has a proud heritage in South Africa and
has been helping South Africans improve
hygiene since the early 1900’s. OMEGALabs are
extremely proud to re-launch this old favourite to the South
African public and are excited to partner with the Tomorrow
Trust on their launch. The Tomorrow Trust is a truly inspiring
organisation making an immense difference with the youth
of today. OMEGALabs’ intention is to form a long-term
partnership with the Tomorrow Trust, leveraging the TCP
brand to continue to educate the youth of South Africa on
the importance of hygiene and cleanliness.TCP believes in the
youth of South Africa.
For the launch of this heritage brand, TCP is supporting the
Tomorrow Trust. The launch day’s which took place on the 7th
of October 2014 and the 9th of October 2014 were designed
to be a hands on event for members of the media and press to
actively work with the children of the Trust in “workshopping”
and guiding the grade seven learners through the importance
of disinfecting both in the home and personally for hygiene.
The launch was not only educational but fun as well. Those
that attended expressed how amazing it was interacting with
the children and helping them with their activities of the day.
It truly was a heart warming day and we appreciate everyone’s
attendance.
Tomorrow Trust started a year with another
great opportunity. In just a short space since
2014 began, we have had an opportunity to
be part of the project called 100 Good Deeds. This project is
about a braclet that is both a call to do good deeds and a strategy to
empower women.
Tomorrow Trust met with the incredible woman who came up with
this idea, Mary Fisher. She has a humbling story behind this idea. As
Tomorrow Trust we pride ourselves in helping those in need and
being involved with this project in one of other ways we continue to
help others and to do good.
Tomorrow Trust partnering with TCP and 100 Good Deeds.
Kim Normand Feinberg and Mary Fisher
38
39
40
Donors and Sponsors
The Tomorrow Trust gratefully acknowledges the support,
contributions and assistance received from the following organisations, which has enabled us to reach our
objectives this year:
ETC (Electronic Toll Collections)
Department of Social Development
Brait Foundation
Sasol
Hagart Trust
Nedbank
RMB
Foster Wheeler
Glencore
Sasfin
LEAP
Lotto (NLDTF)
Barloworld
Loren Linden
MH Automation
Bain & Co
Zonke Unicode
Rotary
Murray & Roberts
Petersburg Foundation
Makro
Anglo American Fund
Greg King
Datatech
W.K Kellogs Foundation
Mauerberger Foundation
Chio Verastegui and James Viles
IQ Business Solutions
Levis
36 One Asset Management
Bonnie Abaunza
Busby
Cell C
Ethos
Gabriel Foundation
Lemon Décor
MAC Consulting
MERCK
MOSHAL Scholarship Foundation
Motseng Investments
Pick n Pay
PwC
RCI Global LLC
SAGE
Shanduka
SSP Worldwide
Umcebo Mining
Kirsh Foundation
Worley Parsons
Zensar Technologies
ZF Auto Industrials
Tiber
Nedbank Wealth Educational Trust
Read Hope Phillips
Iqraa Trust
Martin Sacks
Nick Yiangou & Connie Chang
Edwin Edelstein
DNI Retail
Imbalie Beauty
Placecol
Morag Anne & Germano Cardoso
Gail Wasserman
1:Face Watch
Texton
Alison Downing
In Kind Donations:
Saxonwold
Rosebank
St Andrews School for Girls
KES (King Edward School)
Camp Bay Pre Primary
Maryvale College
Crawford College - Sandton
Waltons
EWC Express
WITS Origin Centre
Dr Lee Conway (The Competency Network)
Corpele Consulting
Infinity Learning
Rosebank College (AdVtech)
Varsity College (AdVtech)
Van Schaik Bookstore
Formula 1 Technologies
Joburg Theatre
1:Face Watch SA
Scarlett Ribbon Properties
Destiny Magazine
Lisof
MGI
Damelin College
FLB (AdVtech)
Premier Foods
Judge Edwin Cameron
The Grill House
Brainwaves
RAP Programme
Shireen Powell
B&C Crafts
Peace Starts
Growth Point
41
For the design & layout of this Annual Report, Tomorrow Trust would like to express their sincere appreciation to:
The Tomorrow Trust gratefully acknowledges the support, contributions and assistance received from the following organisations, which has
enabled us to reach our objectives this year:
Betelgeuse Advertising in a boutique agency
in Rivonia, Johannesburg. While they are
creative, they also have big hearts with this
being the 5th consecutive pro-bono annual
report produced for the Tomorrow Trust.
011 593 2190
Printing done by:
011 624 1030
42
Level of assurance These financial statements have been audited in compliance with the applicable requirements of the Trust Deed.
Preparer The financial statements were independently compiled under the supervision of:
P Vermeulen CA (SA)
Index
The reports and statements set out below comprise the financial statements presented to the trustees:
Trustees’ Responsibilities and Approval 41
Trustees’ Report 42
Independent Auditors’ Report 43
Statement of Financial Position 44
Statement of Comprehensive Income 45
Statement of Changes in Equity 46
Statement of Cash Flows 47
Accounting Policies 48 - 50
Notes to the Financial Statements 51 - 55
The following supplementary information does not form part of the financial statements and is unaudited:
Detailed Income Statement 56 - 57
(Registration number IT6728/05)
Annual Financial Statements for the year ended 31 December 2014
General Information
Country of incorporation and domicile: South Africa
Type of trust: The principal objectives of the trust are to generate, apply and convey income and/or capital for the education of those children who are affected, directly or indirectly, with HIV/AIDS.
Trustees: DC Weil K Feinberg K Leopeng L Pelo RT Motene JT Cook SE Ackerman JH Phalane SR Midlane ST Mensah
Registered office: 132 Jan Smuts AvenueParkwoodJohannesburg2193
Postal address: PO Box 1812 Saxonwold Johannesburg 2132
Auditors: PricewaterhouseCoopers Inc. Trust registration number: IT6728/05
43
The Tomorrow Trust(Registration number IT6728/05)Annual Financial Statements for the year ended 31 December 2014
Trustees’ Responsibilities and Approval
The trustees are required to maintain adequate accounting records and are responsible for the content and integrity of the financial statements and related financial information included in this report. It is their responsibility to ensure that the financial statements fairly present the state of affairs of the trust as at the end of the financial year and the results of its operations and cash flows for the period then ended, in conformity with the accounting policies of the Trust. The external auditors are engaged to express an independent opinion on the financial statements.
The financial statements are prepared in accordance with the accounting policies of the Trust and are based upon appropriate accounting policies consistently applied and supported by reasonable and prudent judgements and estimates.
The trustees acknowledge that they are ultimately responsible for the system of internal financial control established by the trust and place considerable importance on maintaining a strong control environment. To enable the trustees to meet these responsibilities, the trustees set standards for internal control aimed at reducing the risk of error or loss in a cost effective manner. The standards include the proper delegation of responsibilities within a clearly defined framework, effective accounting procedures and adequate segregation of duties to ensure an acceptable level of risk. These controls are monitored throughout the trust and all employees are required to maintain the highest ethical standards in ensuring the trust’s business is conducted in a manner that in all reasonable circumstances is above reproach. The focus of risk management in the trust is on identifying, assessing, managing and monitoring all known forms of risk across the trust. While operating risk cannot be fully eliminated, the trust endeavours to minimise it by ensuring that appropriate infrastructure, controls, systems and ethical behaviour are applied and managed within predetermined procedures and constraints.
The trustees are of the opinion, based on the information and explanations given by management, that the system of internal control provides reasonable assurance that the financial records may be relied on for the preparation of the financial statements. However, any system of internal financial control can provide only reasonable, and not absolute, assurance against material misstatement or loss.
The trustees have reviewed the trust’s cash flow forecast for the year to 31 December 2015 and, in light of this review and the current financial position, they are satisfied that the trust has or has access to adequate resources to continue in operational existence for the foreseeable future.
The external auditors are responsible for independently auditing and reporting on the trust’s financial statements.
The financial statements have been examined by the trust’s external auditors and their report is presented on page 43. The financial statements and additional schedules set out on pages 42 to 57, which have been prepared on the going concern basis, were approved by the trustees on 30 March 2015 and were signed on its behalf by:
____________________________________________ ____________________________________________Trustee Trustee
44
The Tomorrow Trust(Registration number IT6728/05)Annual Financial Statements for the year ended 31 December 2014
Trustees’ Report
The trustees submit their report for the year ended 31 December 2014.
1. Review of activities
Main business and operations The principal objectives of the trust are to generate, apply, support and convey income and/or capital for the holistic education of
orphan and vulnerable children and youth.
The operating results and state of affairs of the trust are fully set out in the attached financial statements and do not in our opinion require any further comment.
Net deficit of the trust was R 380,708 (2013: surplus R 2,100,821).
Registered office 132 Jan Smuts Avenue Postal address PO Box 1812 Parkwood Saxonwold Johannesburg Johannesburg 2193 21322. Going concern The financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes
that funds will be available to finance future operations and that the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business.
3. Events after the reporting period The trustees are not aware of any matter or circumstance arising since the end of the financial period, not otherwise dealt with in the
financial statements, that would affect the trust or the result of its operations significantly.
4. Trustees The trustees of the trust during the year and to the date of this report are as follows:
Name Nationality Name Nationality DC Weil South African K Feinberg South African K Leopeng South African L Pelo South African RT Motene South African JT Cook South African SE Ackerman South African JH Phalane South African SR Midlane South African ST Mensah Ghanaian
5. Beneficiaries Those children and/or youth who are orphaned, vulnerable and/or living in poverty.
6. Auditors PricewaterhouseCoopers Inc. will continue in office for the next financial period.
7. Right of indemnity No trustees shall be liable to make good to the trust or any beneficiary any loss occasioned or sustained by any cause, howsoever
arising, except such loss as may arise from or be occasioned by his own personal dishonesty or other wilful misconduct. Without derogating from the generality of the aforegoing, no trustee shall be liable for any loss of capital or income which arises directly or indirectly from any investment decision which has been made by the trustees.
8. In kind donations In kind donations to the value of R 3,358,927 (2013: R 3,704,211) were received during the year under review.
45
The Tomorrow Trust(Registration number IT6728/05)Annual Financial Statements for the year ended 31 December 2014
Independent Auditor’s Report to the trustees of The Tomorrow Trust
We have audited the financial statements of The Tomorrow Trust set out on pages 8 to 19, which comprise the statement of financial position as at 31 December 2014, and the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and the notes, comprising a summary of significant accounting policies and other explanatory information.
Trustees’ Responsibility for the Financial StatementsThe trustees are responsible for the preparation of the financial statements in accordance with the basis of accounting described in the notes to the financial statements, for determining that the basis of preparation is acceptable in the circumstances and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
OpinionIn our opinion, the financial statements of The Tomorrow Trust for the year ended 31 December 2014 are prepared, in all material respects, in accordance with the basis of accounting described in the notes to the financial statements.
Basis of AccountingWithout modifying our opinion, we draw attention to the notes of the financial statements, which describes the basis of accounting. The financial statements are prepared to provide financial information to the trustees. As a result, the financial statements may not be suitable for another purpose.
Other mattersThe supplementary information set out on pages 56 to 57 does not form part of the financial statements and is presented as additional information. We have not audited this information and accordingly we do not express an opinion thereon.
__________________________________PricewaterhouseCoopers Inc.Director: Albert VisserRegistered Auditor Menlo Park
Date30 March 2015
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The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Statement of Financial Position as at 31 December 2014
2014 2013 Notes R R
Assets
Current Assets
Inventories 2 114,230 166,687
Trade and other receivables 3 820,820 189,727
Cash and cash equivalents 4 5,951,414 6,183,112
6,886,464 6,539,526
Non-Current Assets
Property, plant and equipment 5 76,967 41,951
Investment in subsidiary 6 120 120
Total Assets 6,963,551 6,581,597
Equity and Liabilities
Equity
Trust capital 7 500 500
Accumulated surplus 5,646,729 6,027,437
5,647,229 6,027,937
Liabilities
Current Liabilities
Loan from group company 8 120 120
Trade and other payables 9 138,202 26,840
Deferred revenue 10 1,178,000 526,700
1,316,322 553,660
Total Equity and Liabilities 6,963,551 6,581,597
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The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Statement of Comprehensive Income
2014 2013 Notes R R
Revenue 11 18,633,780 18,901,435
Cost of sales 12&14 (282,121) (78,934)
Gross surplus 18,351,659 18,822,501
Other income 13 6,865 1,001
Operating expenses (19,080,392) (16,968,510)
Operating (deficit)/surplus (721,868) 1,854,992
Interest received 15 341,166 254,241
Finance costs 16 (6) (8,412)
(Deficit)/surplus for the year (380,708) 2,100,821
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The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Statement of Changes in Equity
Notes Trust capital Accumulated Total equity surplus R R R
Balance at 01 January 2013 500 3,926,616 3,927,116
Surplus for the year - 2,100,821 2,100,821
Total comprehensive income for the year - 2,100,821 2,100,821
Balance at 31 December 2013 500 6,027,437 6,027,937
Deficit for the year - (380,708) (380,708)
Total comprehensive deficit for the year - (380,708) (380,708)
Balance at 31 December 2014 500 5,646,729 5,647,229
Note 7
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The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Statement of Cash Flows
2014 2013 Notes R R
Cash flows from operating activities
Cash (used in)/generated from operations 18 (510,445) 4,250,839
Interest received 341,166 254,241
Finance costs (6) (8,412)
Net cash from operating activities (169,285) 4,496,668
Cash flows from investing activities
Purchase of property, plant and equipment 5 (62,413) (16,320)
Net (decrease)/increase in cash and cash equivalents for the year (231,698) 4,480,348
Cash and cash equivalents at the beginning of the year 6,183,112 1,702,764
Cash and cash equivalents at end of the year 4 5,951,414 6,183,112
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1. Presentation of Financial Statements
The financial statements have been prepared in accordance with the Accounting Policies of the Trust. The financial statements have been prepared on the historical cost basis, except for the measurement of financial instruments at fair value. They are presented in South African Rands.
These accounting policies are consistent with the previous period.
1.1 Significant judgements and sources of estimation uncertainty
In preparing the financial statements, management is required to make judgements, estimates and assumptions that affect the amounts represented in the financial statements and related disclosures. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.
Actual results in the future could differ from these estimates which may be material to the financial statements.
Consolidation
No consolidation is done as the subsidiary, Malviprox Proprietary Limited, is dormant as at 31 December 2014.
No significant estimates and judgements
No significant estimates and judgements with significant estimation uncertainty have been applied in the preparation of these financial statements.
1.2 Investment in subsidiary
In the trust’s separate financial statements, investment in subsidiary are carried at cost.
The cost of an investment in a subsidiary is the aggregate of: • the fair value, at date of exchange, of assets given or liabilities incurred or assumed and • any cost directly attributable to the purchase of the subsidiary.
1.3 Financial instruments
When a financial asset or financial liability is recognised initially, it is measured at the transaction price (including transaction costs) unless the arrangement constitutes, in effect, a financing transaction.
Financial instruments at amortised cost Debt instruments, are subsequently measured at amortised cost using the effective interest method. Debt instruments which are
classified as current assets or current liabilities are measured at the undiscounted amount of the cash expected to be received or paid, unless the arrangement effectively constitutes a financing transaction.
At the end of each reporting date, the carrying amounts of assets held in this category are reviewed to determine whether there is any objective evidence of impairment. If so, an impairment loss is recognised.
Trade receivables Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the
effective interest method, less provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence that the trust will not be able to collect all amounts due according to the original terms of the receivables.
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Accounting Policies
51
1.3 Financial instruments (continued)
Cash and cash equivalents Cash and cash equivalents include cash on hand, demand deposits and other short-term highly liquid investments with original
maturities of three months or less. Bank overdrafts are shown as a current liability on the statement of financial position.
Loans from related parties These include loans to and from holding entities, fellow subsidiaries, subsidiaries, joint ventures and associates and are recognised
initially at fair value plus direct transaction costs. Loans from group entities are classified as financial liabilities measured at amortised cost.
Trade payables Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective
interest method.
Trade payables are obligations on the basis of normal credit terms and do not bear interest.
1.4 Borrowing costs
Borrowing costs are recognised as an expense in the period in which they are incurred.
1.5 Property, plant and equipment
Property, plant and equipment are tangible items that: • are held for use in the production or supply of goods or services, for administrative purposes; and • are expected to be used during more than one period.
Cost includes all costs incurred to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Costs include expenditure incurred initially to acquire or construct an item of property, plant and equipment and costs incurred subsequently to add to, replace part of, or service it. If a replacement cost is recognised in the carrying amount of an item of property, plant and equipment, the carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to profit or loss during the period in which they are incurred.
Property, plant and equipment is carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation on assets is provided using the straight-line method to write down the cost, less estimated residual value over the useful life of the property, plant and equipment, which is as follows:
Item Average useful life Office equipment 6 years Computer equipment 3 years
An asset’s carrying amount is written down immediately to its recoverable amount if its carrying amount is greater than its estimated recoverable amount.
The residual value, depreciation method and useful life of each asset are reviewed and adjusted prospectively, if appropriate, if there are indicators present that there has been a significant change since the last reporting date.
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Accounting Policies
52
1.5 Property, plant and equipment (continued)
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss in the period in which they occur.
1.6 Leases
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership to the lessee. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership.
Operating leases – lessee Operating lease payments are recognised as an expense on a straight-line basis over the lease term except in cases where another
systematic basis is representative of the time pattern of the benefit from the leased liability, even if the receipt of payments is not on that basis, or where the payments are structured to increase in line with expected general inflation.
1.7 Inventories
Inventories are measured at the lower of cost and the sales price less costs to complete and sell, on the first-in, first-out (FIFO) basis.
The cost of books comprises the cost of purchasing the books. At each reporting date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
1.8 Employee benefits
Short-term employee benefits The cost of short-term employee benefits, (those payable within 12 months after the service is rendered, such as paid vacation
leave and sick leave, bonuses, and non-monetary benefits such as medical care), are recognised in the period in which the service is rendered and are not discounted.
The expected cost of compensated absences is recognised as an expense as the employees render services that increase their entitlement or, in the case of non-accumulating absences, when the absence occurs.
The expected cost of profit sharing and bonus payments is recognised as an expense when there is a legal or constructive obligation to make such payments as a result of past performance.
1.9 Revenue Revenue is measured at the fair value of the consideration received or receivable and comprises donations and book and good
deeds bracelet sales.
Interest is recognised, in surplus or deficit, using the effective interest rate method.
Revenue for general donations are recognised when cash is received. If donations are made for a specific school year and the donor signed the contract or accepted the invoice, the revenue is accrued for in the specific school year.
Revenue from book sales is recognised when the risk and rewards of the inventory is transferred to customers.
Donations in kind are not accounted for as income in profit or loss.
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Accounting Policies
53
1.10 Cost of sales When inventories are sold, the carrying amount of those inventories is recognised as an expense in the period in which the
related revenue is recognised. The amount of any write-down of inventories to net realisable value and all losses of inventories are recognised as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories, arising from an increase in net realisable value, is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.
1.11 Trust capital and equity An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.
Trust capital is classified as equity.
1.12 Deferred revenue Deferred revenue is measured at the fair value of the consideration received or receivable and comprises of donations received in
advance.
Deferred revenue is recognised when cash is received that is specifically mandated to be spent on projects in the future.
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
54
2014 2013 R R
2. Inventories
Books 114,230 166,687
3. Trade and other receivables
Trade receivables 601,791 99,460 Staff loans 3,897 - Prepayments 19,609 20,492 Deposits 89,065 69,775 SARS 2,281 - Vouchers 31,056 - Student loans 73,121 -
820,820 189,727
4. Cash and cash equivalents
Cash and cash equivalents consist of:
Cash on hand 1,009 817 Current account - Books 91,238 77,047 Current account - Main 786,629 781,005 Investment - 100 Good deeds 37,944 - Investment Account 5,034,594 5,324,243
5,951,414 6,183,112
Management is building a sustainability reserve, by depositing surplus cash into the Investment account. The reserve should be used in the year where they don’t have sufficient funds to cover all the expenses.
5. Property, plant and equipment
2014 2013
Cost Accumulated Carrying Cost Accumulated Carrying depreciation value depreciation value
Office equipment 110,182 (77,717) 32,465 91,695 (65,611) 26,084
Computer equipment 160,002 (115,500) 44,502 122,076 (106,209) 15,867
Total 270,184 (193,217) 76,967 213,771 (171,820) 41,951
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
55
2014 2013 R R
5. Property, plant and equipment (continued)
Reconciliation of property, plant and equipment – 2014
Opening Additions Depreciation Total balance Office equipment 26,084 18,487 (12,106) 32,465
Computer equipment 15,867 43,926 (15,291) 44,502
41,951 62,413 (27,397) 76,967
Reconciliation of property, plant and equipment – 2013
Opening Additions Depreciation Total balance Office equipment 41,573 - (15,489) 26,084
Computer equipment (7,670) 16,320 7,217 15,867
33,903 16,320 (8,272) 41,951
6. Investment in subsidiary
Name of subsidiary Held by % % Carrying Carrying holding holding amount amount 2014 2013 2014 2013
Malviprox Proprietary Limited The Tomorrow Trust 100.00 % 100.00 % 120 120
7. Trust capital
Capital account / Trust capital Donation made by Mrs KC Feinberg on 11 July 2005 500 500
8. Loan from group company
Subsidiary Malviprox Proprietary Limited 120 120
The loan is unsecured, bears no interest and has no fixed repayment terms.
9. Trade and other payables
Trade payables 92,522 9,198 Accrued leave pay 45,680 - SARS - 17,642
138,202 26,840
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
56
2014 2013 R R
10. Deferred revenue
Current liabilities 1,178,000 526,700
Income was received for the following school year and thus the revenue is deferred to the next year.
11. Revenue
Donations received 18,154,287 17,214,000 Book sales 197,268 87,435 Donation received - NLDTF - 1,600,000 Good Deeds Bracelets 282,225 -
18,633,780 18,901,435
12. Cost of sales
Sale of goods Books 52,456 78,934 Good Deeds bracelets 229,665 -
282,121 78,934
13. Other income
Other income 6,865 1,001
14. Expenses by nature
Advertising 83,434 67,704 Depreciation 27,397 8,272 Employee costs 5,232,073 3,269,621 Lease rentals on operating lease 114,628 86,370 Movement in stock - books 52,456 (55,382) Other operating expenses 786,486 667,245 Purchases of books - 134,316 Purchases of bracelets 229,665 - Royalties paid 42,427 32,423 Student and learner expenses 12,793,947 12,836,875
Total cost of sales and operating expenses 19,362,513 17,047,444
15. Interest received
Interest received 341,166 254,241
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
57
2014 2013 R R
16. Finance costs
Interest paid 6 8,412
17. Income tax expense
The Tomorrow Trust is an approved Public Benefit Organisation. The income generated by the Trust is exempt for taxation purposes in terms of Section 10(1)(cN).
18. Cash (used in) generated from operations
(Deficit)/surplus for the year (380,708) 2,100,821 Adjustments for: Depreciation 27,397 8,272 Interest received (341,166) (254,241) Finance costs 6 8,412 Changes in working capital: Inventories 52,457 (55,382) Trade and other receivables (631,093) 2,227,684 Trade and other payables 111,362 (83,026) Deferred revenue 651,300 298,299
(510,445) 4,250,839
19. Going concern
The financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations and that the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business.
20. Events after the reporting period
The trustees are not aware of any matter or circumstance arising since the end of the financial period, not otherwise dealt with in the financial statements, that would affect the trust or the result of its operations significantly.
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
58
2014 2013 Notes R R
RevenueDonations received - NLDTF - 1,600,000Good Deeds Bracelets 282,225 -Donations received 18,154,287 17,214,000Book sales 197,268 87,435
11 18,633,780 18,901,435Cost of salesOpening stock (166,687) (111,305)Good Deeds bracelet cost (229,664) (134,316)Closing stock 114,230 166,687 12 (282,121) (78,934)
Gross surplus 18,351,659 18,822,501Other incomeSundry income 6,865 1,001Interest received 15 341,166 254,241
348,031 255,242
Operating expenses (Refer to page 57) (19,080,392) (16,968,510)Operating (deficit)/surplus (380,702) 2,109,233Finance costs 16 (6) (8,412)
(Deficit)/surplus for the year (380,708) 2,100,821
Other comprehensive income - -
Total comprehensive (loss)/income for the year (380,708) 2,100,821
The supplementary information presented does not form part of the annual financial statements and is unaudited
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Detailed Income Statement
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2014 2013 Notes R R
Operating expensesAccounting fees 19,682 185,415Advertising promotions and events 83,434 67,704Alumni expenses 2,933 1,837Bank charges 13,454 6,651Cleaning 13,104 10,999Computer expenses 28,921 25,712Consulting expenses 6,306 14,638Depreciation 27,397 8,272Donations 60 -Employee costs 5,232,073 3,269,621Entertainment 56,272 6,636Fines and penalties - 17,189General expenses 68,249 23,762Gifts 1,120 2,611Insurance 80,416 63,588Lease rentals on operating lease 114,628 86,370Legal fees - 966Postage 3,868 333Printing and stationery 12,710 18,904Repairs and maintenance 99 1,121Royalties paid 42,427 32,423Secretarial fees 9,687 2,947Staff training 25,885 32,306Staff welfare 7,521 6,961Student and learner accommodation 3,307,141 1,620,213Student and learner education 3,981,612 5,671,994Student and learner food and transport 5,289,736 5,188,294Student and learner general expenses 214,600 338,642Student and learner medical expenses 858 758Subscriptions - 5,039Telephone and fax 64,350 123,577Travel - overseas 348,874 104,317Travel and accommodation 22,975 28,710
19,080,392 16,968,510
The supplementary information presented does not form part of the annual financial statements and is unaudited
The Tomorrow Trust(Registration number IT6728/05)Financial Statements for the year ended 31 December 2014
Detailed Income Statement
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