CTFA Annual Report 2021

FIGURES IN R ACCUMULATED SURPLUS TOTAL Balance at 1 January 2020 9,661,935 9,661,935 Changes in funds Surplus for the year 1,212,810 1,212,810 Balance at 31 December 2020 10,874,745 10,874,745 Balance at 1 January 2021 10,874,745 10,874,745 Changes in funds Surplus for the year 1,044,029 1,044,029 Balance at 31 December 2021 11,918,774 11,918,774 STATEMENT OF CHANGES IN FUNDS COSMETIC TOILETRY AND FRAGRANCE ASSOCIATION OF SOUTH AFRICA 27