August Eid-Ul-Adha 2017 August Eid-Ul-Adha 2017

% 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

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