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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

22

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

32

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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