CTFA Annual Report 2022

FIGURES IN R NOTES 2022 2021 6. Cash and cash equivalents 6.1 Cash and cash equivalents comprise: Cash Cash on hand 30 30 Bank Balances 13,545,398 12,037,832 Total cash 13,545,428 12,037,862 Credit card (4,642) (2,465) Net cash and cash equivalents 13,540,786 12,035,397 6.2 Detail of cash and cash equivalent balances Bank balances Current account 242,259 67,170 Salaries account 8,835 25,176 Money market fund 2,518,546 1,717,902 48 Hour Investment Account 10,775,758 10,227,584 Total 13,545,398 12,037,832 Overdrawn bank balances Credit card (4,642) (2,465) NOTES TO THE FINANCIAL STATEMENTS 7. Provisions 7.1 Provisions comprise: Leave pay provision 145,773 217,297 7.2 Provisions for employee benefits Leave Pay Provision Total Balance at 1 January 2022 217,297 217,297 Additions 145,773 145,773 Utilised during the year (217,297) (217,297) Balance at 31 December 2022 145,773 145,773 Leave Pay Provision Total Balance at 1 January 2021 137,566 137,566 Additions 217,297 217,297 Utilised during the year (137,566) (137,566) Balance at 31 December 2021 217,297 217,297 ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 16