Umsobomvu Youth Fund Annual Report 2006 - Nyda

GROUP AND COMPANY2006 2005RandRand18 Deferred incomeJoint Education Trust 623 890 252 165Voucher Programme – for services yet to be provided 2 960 003 2 069 897Western Cape Provincial Government 975 000 –4 558 893 2 322 062The Fund has been contracted by the Joint Education Trust toidentify processes and systems to support and coordinate theimplementation of New Venture Creation Leadership. As at31 March 2006 the Fund had received an additional advanceof R406 500 (2005: R252 000) to cover the expenses to beincurred in achieving the objectives as set out in the agreement.19 Project disbursementsThe respective disbursements are as follows:External project disbursements 90 490 862 91 951 329Contact, Information and Counselling 7 319 258 11 769 291Skills Development and Transfer 24 310 362 39 642 541Process Cycle Management 3 123 651 2 601 799Entrepreneurship 55 737 591 33 468 331Communications – 3 091 587Research and Development – 1 377 780Internal project disbursements 27 385 250 12 550 178Contact, Information and Counselling 12 386 325 8 160 637Retail Outlet 2 250 411 –Entrepreneurship 6 358 748 963 767Skills Development and Transfer 4 455 988 3 425 774Research and Development 1 933 778 –Project-related operating expenses 47 512 946 42 989 746Direct project support costs 6 033 836 3 601 025Indirect project support costs 37 591 264 32 467 419Share of overheads costs 3 887 846 6 921 302Total disbursements 165 389 058 147 491 253Umsobomvu Youth Fund 2006 Financial Statements71