2012/2013

Vision A pace setter in the provision of farm

management training as trade and the creation of smallholder farmer support and development model

Mission Ncera (Pty)Ltd is a training and development

academy that focuses on innovation and inclusive farm management within the context of commodity based agriculture

3200ha 2200ha=10 Farmers

leasing.18000people,80% unemployment. 1000 ha,Centre,Tunnels,Workshop. Beef,Mechanization,Vegetables 30-40km to East London -+700mm per annum Deep Soils Vegetation Encroachment

8 Staff members, CEO, CFO, Extension Officer, Tractor Mechanic, Farm Manager, Accounts Officer, and Personal Assistant, Receptionist

26 workers, Workshop, Lands,Tunnells, Beef Animals.

Governance systems and procedures

Target Achieved/not achieved

Comments

Appointment of the board

Not achieved No funding

4 Board meetings planned

Not achieved No funding

Appointment of Audit Committee

Not Achieved No funding

4 Audit Committee meetings planned

Not Achieved No Funding

MechanisationTarget Achieved/Not

AchievedComments

Repairing 8 tractors, vehicles and truck

7 tractors repaired, 4 bakkies repairedPloughs were repaired, 1 truck was repaired

Repairs are done when needed

Vegetable production

Target Achieved / Not Achieved

Comments

Planted various vegetables like Butternuts,spinach,cabbages etc,in a small scale for local market

Achieved Tomatoes and Green Peppers on Tunnels, others on open small plots.Some vegetables were sold to the market and some to the locals

Livestock

Target Achieved/ not achieved

Comments

215 goats purchased

Achieved 69 ewes in lactation,70 kids,35 pregnant,37 young ewes, 3 Boer rams, 1 Savana ram

49 Nguni cattle purchased

Achieved 39 pregnant heifers, 4 cows, 4 calves,2Bulls, 1 young 1 mature bull

49 kids were born from 34 pregnant Ewes=144% kidding rate

Built a new shed,corrugated iron ,netting wire and purlins purchased,rest of material,harvested.

Dipping tank for footrot was constructed.

18 calves were born ,11 females and 7 males

No mortality Good adaptability Great weight gain Good condition Well managed livestock,

vaccination,dipping and dosing program in place

Goats- 14% mortality=30 goats Causes: Sept/Oct received 426mm of rain 31% heart water,51% internal

parasites,especially conical fluke agravated by unsual rainfall,which was treated by Conifluke+tape

18% ORF’s disease, Pneumonia, accidental, suspect plant poisoning

93 Nguni Cattle 2 Bulls, 38 Calves,53 Cows 314 GOATS 4 Rams, 151 Ewes, 34 Kaparters,125

Kids(68 males, 57 females)

The entity maintained the record of the unqualified audit report

There was no irregular, unauthorised and fruitless and wasteful expenditure incurred by the entity in 2012/13 financial year

Most of the budget allocation is for compensation of employees, other administrative expenses and little for programmes

Due to the lack of funding the entity is not in compliance with the corporate governance as there is

- No Board of directors- No audit committee and - Internal auditors

.

YEAR BUDGET ALLOCATION

ACTUAL EXPENDITURE

VARIANCES

2011/12 Allocation R4 291 000 R4 291 000 R19 104

2012/13 Allocation R4 989 000 R4 859 889 R129, 111

STATEMENT OF FINANCIAL POSITION

There were no major movements except for the following:-Inventory(Cattle and Goats)- Inventory with an amount of R896 100 was acquired during the year-Cash & cash equivalent – Auction of the dairy cattle took place just before the end of the financial year in 2011/12. Therefore amount received was included in the cash & cash equivalent

Description 2012/13 2011/12 Variance

Inventory R896 100(CA R535 664)

R79 462 R816 638

Cash & cash equivalents

R959 818 R1 690 305

R730 487

STATEMENT OF FINANCIAL PERFORMANCE

There are no major movements between 2012 and 2013 on the Revenue(budget allocation), hence there are no major movements on the expenditure(except for the explanation below). Movements on the administrative expenses were as the results of the inflation related increases on salaries and other overhead, other non cash items(such as Inventory written down(cattle and goat), loss of sale of assets(old assets), depreciation) and salary of the CFO account for the full year, as compared to the previous year

Description 2012/13 2011/12 Variance

Other income

R4 989 000

R 4 291 000

R698 000

Administrative expenses

R5 320 977

R3 796 522

R 1 524 455