August Eid-Ul-Adha 2017 August Eid-Ul-Adha 2017 | Page 17
% CHANGE
DISTRIBUTION AND EXPENDITURE
Zakah Distribution
Non- Zakah
Projects
Lillah
Other
(8)
14
2016 / 1437
106 350 115 176
27 124 23 737
14 782
12 342
Net Administration Expenditure *
6
TOTAL DISTRIBUTION
AND EXPENDITURE
R'00 0
13 708
- 9 180
849
13 262 12 485
146 736
151 398
2017 / 1438 2016 / 1437
R'000 R'000
Non-Current Assets
Property & Equipment
Other financial assets 22 683 15 378
21 927
756 14 726
652
Current Assets
Cash and cash equivalents
Other financial assets
Inventory
Other Receivables 22 903 20 922
17 754 15 498
ASSETS
2 026
1 319
2 971
343
1 804 2 110
45 586 36 300
43 202 29 648
- 136
Current Liabilities 2 384 6 516
-
TOTAL ASSETS
FUNDS & LIABILITIES
INCOME
Zakah
6
Non Zakah
Projects
Lillah
Other
39
111 556
48 735
16 952
105 328 Accumulated Funds
35 042 Non - Current Liabilities
13 907
Notes to the Summarised Audited Annual Financial Statements
for the year ended 31 May 2017 / 5 Ramadan 1438
Statement of Financial Position as at
31 May 2017 / 5 Ramadan 1438
2017 / 1438
R'00 0
N A TIO N A L
Es t . 1 9 7 4
Summarised Annual Review of Activities and
Audited Financial Statements for 2016-17/1437-38
Statement of Comprehensive Income for the year
ended 31 May 2017 / 5 Ramadan 1438
A N
SOUTH AFRICAN NATIONAL ZAKAH FUND
1. The South African National Zakah Fund (SANZAF) is governed in
terms of a trust deed, namely THE SOUTH AFRICAN NATIONAL
ZAKAH FUND TRUST – trust deed no. IT 1670 / 1996. It is registered
as a Public Benefit Organisation (PBO 930001714) under section
18A and section 30 of the Income Tax Act No 58 of 1962. It is
also registered as a Non-Profit Organisation (NPO 007-160).
2. The summarised Audited Annual Financial Statements have
been derived from the Audited Annual Financial Statements of the
Trust for the year ended 31 May 2017 / 5 Ramadan 1438 which have
been audited by Nexia SAB&T and signed on 31 July 2017 / 07 Dhil
Qaida 1438. The Audited Annual Financial Statements were
approved by the Trustees on 30 July 2017 / 6 Dhil Qaida 1438.
3. The Audited Annual Financial Statements incorporate the princi-
ple accounting policies which are consistent with those adopted in
the previous financial year. The Financial statements are
prepared in accordance with International Financial Reporting
Standards for Small and Medium Sized Entities and incorporate
disclosure in line with the trust deed and policies of Fund.
4. For practical purposes the Fund's financial year end is set to the
nearest Gregorian month end to 1 Ramadan of an Islamic year.
30 911 20 489 872 646 TOTAL INCOME 160 291 140 370 Short term portion of long term liability
Other Payables 2 384 60
6 456 5. Net Administration Expenditure is reflected after the deduction
of Amiloon and is included under Zakah Distribution. *
SURPLUS/(DEFICIT) FOR THE YEAR 13 555 (11 028) TOTAL FUNDS & LIABILITIES 45 586 36 300 6. The Audited Annual Financial Statements is available on our
website, www.sanzaf.org.za.
Overview of Activities
The Fund continues to create awareness about
Zakah by presenting Zakah workshops, seminars
and Q&A series on radio and television. This is
further enhanced through social media and
online strategies. SANZAF has adopted an
online-multimedia platform to educate and
inform our various target audiences on the pillar
of Zakah. SANZAF has always been compassionate towards
the plight and needs of the Senior Citizens. A
variety of programmes are hosted nationally to
ensure the well-being of our Senior Citizens. “It is
He who created you (all in a state of weakness), and
then after weakness, ordains strength (for you)
and then, after (a period of) strength ordains (old
age), and He alone is All-knowing and Infinite in
His Power.”(Quran, 30:54)
We share our views, practices and understanding
-
on both a national and international platform.
The International Zakah Conference was held in
-
Cape Town. The conference included extensive
workshops, including a master class for financial
planners, Women and Zakah, Zakah and Civil
Society and Zakah for Entrepreneurs. The Polokwane Agricultural project at Molamo
Primary School in Paledi Village has managed to
grow in leaps and bounds.
SANZAF offers an array of life skills workshops
and excursion activities. These activities include
Port Elizabeth’s Muharram Youth Development
Camp, Similar initiatives are conducted across
the country aimed at under-resourced primary
and high schools with the emphasis improving
the academic performance of learners and to
provide a social support structure. SANZAF has been involved in the collection,
coordination and distribution of Zakatul-Fitr.
Operation Fitrah is our main annual relief project.
SANZAF partners with many Masajid in order
-
to ensure that distribution of resources reaches
those most in need on the day of Eid ul Fitr.
SANZAF has shown phenomenal growth across
the country through office expansions in the
Eastern Cape and the Garden Route. This is
indicative of the growth of SANZAF’s national
footprint to respond to increasing obstacles
facing those in need. Vocational Training is a tier under the SANZAF
Education, Empowerment and Development
programme (SEED). The SANZAF Vocational
training programme is designed for a career in
the technical or practical fields. SANZAF has
partnered with FET colleges to provide education
courses to young adults with a view to secure
opportunities in the workplace.
SANZAF has initiated several food gardens and
through this relationship created sustainable
opportunities for the team involved in the
programme.
Pictured here is the Garden Route Office.
OFFICES IN:
EASTERN CAPE
GAUTENG
KWAZULU NATAL
NORTHERN CAPE
SOUTHERN CAPE
WESTERN CAPE