1. 2012/2013

2.  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

3.  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

4.  8 Staff members, CEO, CFO, Extension Officer, Tractor Mechanic, Farm Manager, Accounts Officer, and Personal Assistant, Receptionist  26 workers, Workshop, Lands,Tunnells, Beef Animals.

5.  Governance systems and procedures TargetAchieved/not achieved Comments Appointment of the board Not achievedNo funding 4 Board meetings planned Not achievedNo funding Appointment of Audit Committee Not AchievedNo funding 4 Audit Committee meetings planned Not AchievedNo Funding

6.  Mechanisation TargetAchieved/Not Achieved Comments Repairing 8 tractors, vehicles and truck 7 tractors repaired, 4 bakkies repaired Ploughs were repaired, 1 truck was repaired Repairs are done when needed

7.  Vegetable production TargetAchieved / Not Achieved Comments Planted various vegetables like Butternuts,spinac h,cabbages etc,in a small scale for local market AchievedTomatoes and Green Peppers on Tunnels, others on open small plots. Some vegetables were sold to the market and some to the locals

8.  Livestock TargetAchieved/ not achieved Comments 215 goats purchased Achieved69 ewes in lactation,70 kids,35 pregnant,37 young ewes, 3 Boer rams, 1 Savana ram 49 Nguni cattle purchased Achieved39 pregnant heifers, 4 cows, 4 calves,2Bulls, 1 young 1 mature bull

9.  49 kids were born from 34 pregnant Ewes=144% kidding rate

10.  Built a new shed,corrugated iron,netting wire and purlins purchased,rest of material,harvested.  Dipping tank for footrot was constructed.

14.  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

15.  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

16.  93 Nguni Cattle  2 Bulls, 38 Calves,53 Cows  314 GOATS  4 Rams, 151 Ewes, 34 Kaparters,125 Kids(68 males, 57 females)

17.  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

18. . YEARBUDGET ALLOCATIONACTUAL EXPENDITUR E VARIANCES 2011/12Allocation R4 291 000R4 291 000R19 104 2012/13Allocation R4 989 000R4 859 889R129, 111

19. 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 Description2012/132011/12Variance InventoryR896 100(CA R535 664) R79 462R816 638 Cash & cash equivalents R959 818R1 690 305R730 487

20. 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 Description2012/132011/12Variance Other incomeR4 989 000R 4 291 000R698 000 Administrativ e expenses R5 320 977R3 796 522R 1 524 455