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|---|---|---|---|---|
|Reference and administrative||details ofthe Foundation,|its Trustees and advisers||
|Trustees'
report||||2-10|
|Independent
auditors'|report|||11 - 12|
|Statement offinancial|activities|||13|
|Balance sheet||||14|
|Cash flow statement||||15|
|Notes to the financial|statements|||16-23|
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|||||Note|2020f|2019f|
|---|---|---|---|---|---|---|
|Income from donations|and legacies||||||
|Donations
and Legacies||||3|174,413|813,995|
|Investment
income||||4|199,037|214,448|
|Total|||||373,450|1,028,443|
|Expenditure
on:|||||||
|Raising funds|||||11,045|12,888|
|Charitable
activities||||5|603,077|428,105|
|Total|||||614,122|440,993|
|Net (expense)/income|before investment||gain||(240,672)|587,450|
|Net gain on investments||||11|637,249|2,168,866|
|Net movement
in funds|||||596,577|2,756,316|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||||18,714,808|15,958,492|
||||||19,311,385|18,714,808|
|Total funds carried forward|||||||
|All ofthe funds ofthe Foundation||are unrestricted.|||||
|The notes on pages 16|to23form|part of|these financial statements.||||
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|SAT31DECEMBE|R2020||||||
|---|---|---|---|---|---|---|
|||||2020||2019|
|||Note|8|6||6|
|Fixed assets|||||||
|Investments||||18,347,248||17,073,563|
|Current assets|||||||
|Debtors||12|186,912||12,276||
|Cash and cash equivalents||16|802,482||1,654,294||
||||989,394||1,666,572||
|Creditors: amounts
year|falling due within one||(25,257)||(25,327)||
|Net current assets||||964,137||1,641,245|
|Net assets||||19,311,385||18,714,808|
|The funds ofthe charity|||||||
|Unrestricted||14||19,311,385||16,714,806|
|Total charity funds||||19,311,385||16,714,608|
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||||||Note|2020|2019
F|
|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities||||||
|Net cash (used in)lprovided||by operating|activities||15|(614,413)|388,275|
|Cash flows from investing||activities||||||
|Dividend
income||||||197,274|203,976|
|Interest income||||||1,763|10,472|
|Purchase ofinvestments||||||(7,366,785)||
|Disposal of investments||||||6,930,349||
|Net cash (used in)/generated||from investing||activities||(237,399)|214,448|
|Change
in cash and cash|equivalents||in the|year||(851,812)|602,723|
|Cash and cash equivalents|brought
forward|||||1,654,294|1,051,571|
|Cash and cash equivalents|carried forward||||16|802,482|1,654,294|
|The notes on pages 15to23form part ofthese||||5nancial|statements.|||
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||||2020|2019f|
|---|---|---|---|---|
|Cash donations
from AP Holdings|||174,413|813,995|
|INVESTMENT INCOME|||||
||||2020f|2019f|
|Dividend
income|||197,274|203,976|
|Interest income|||1,763|10,472|
||||199037|214,448|
|CHARITABLE ACTIVITIES|||||
||||2020
f|2019
f|
|Charitable
activities comprise:|||||
|Support costs (note 6)|||234,667|84,471|
|Activities costs (note 7)|||366,410|343,634|
||||603077|428 105|
|SUPPORT COSTS|||||
||||2020
f|2019|
|Net exchange loss on cash|||207,737|62,544|
|Auditors'
remuneration|- statutory|audit (note 9)|6,670|6,670|
|Bank charges|||50|237|
|Subtotal|||214,457|69,451|
|Other support costs|||20,210|15,020|
||||234,667|84,471|
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|||Grant|Grant|of|Support|Total|Total|
|---|---|---|---|---|---|---|---|
|||funding||of|costs|||
|||activities||||||
||||2020f||2020
6|2020
6|2019|
|Female empowerment|||40,400||117,334|157,734||
|Education snd training||313,010|||117,333|430,343|403,105|
|Community|||15,000|||15000|25000|
|||368,410|||234667|603,077|428,105|
|Female empowerment||||||2020|2019|
|||||||6|5|
|Myna Mahila Foundation||||||20,200||
|Sukhibava
Foundation||||||20200||
|||||||40,400||
|Education
and training||||||2020|2019|
|||||||6|E|
|Street Child Africa||||||50,011|71,304|
|ACE Africa||||||50,318|51,191|
|Green Gecko Project||||||46,938|47,975|
|Mercy Centre Preschool||||||44,861|42,542|
|Virlanie
Foundation||||||3$,20$||
|Magic Bus India
The Akanksha
Foundation||||||29,278
28,046|41,008
29,338,|
|Temple Garden
Foundation||||||20,349|20,273|
|The Cooperation
for Advancement,||Rehabilitation|and|Education||4,000|12,000|
|Singapore
Management|University||||||3003|
|||||||313010|318634|
|Community
grants||||||2020|2019|
|||||||6|5|
|The Arisaig Community|Council's|Fund||||15,000|25,000|
|||||||15,000|25000|
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|INVESTMENTS|||||
|---|---|---|---|---|
||Listed|Unlisted||Total|
||securitiesf|securitiesf|||
|As at 1 January 2019
Net gain on investments|10,371,812
1,630,557|4,532,885
538,309||14,904,697
2,168,856|
|As at 31 December 2019|12602369|5071 194||17,073,553|
|As st 1 January 2020|12,002,369|5,071,194|'|17,073,563|
|Additions|2,004,000|5,362,785||7,366,785|
|Disposals|(2,566,474)|(4,363,875)||(6,930,349)|
|Net gain on investments|414,209|423 040||837249|
|As at 31 December 2020|11854 104|6493144||18347248|
##
|||UK|Overseas|Total|Total|
|---|---|---|---|---|---|
|||2020f|2020f|2020f|2019f|
|Listed investments||993,684|10,860,420|11,854,104|12,002,359|
|Unlisted|investments||6493144|6493144|5,071,194|
|||993,684|17353564|18,347,248|17073,553|
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|alue at 31 December ar|e as follows:|||||
|---|---|---|---|---|---|
|||||2020f|2019|
|Arisaig Next Generation|Feeder ICAV|||6,077,983||
|Arisaig Funds pic —Arisaig Global Emerging|||Markets|||
|Consumer
UCITS Fund —Sterling||Share|Class||3,623,464|
|Arisaig Asia Consumer|Fund Limited||||1,131,252|
|Findlay Park US Smaller Companies||Fund||1,044,255|930,127|
|FPWHEB Sustainability|Fund|||1,097,987||
|Montanaro
Better World|G D (LIP)|||1,123,490||
|||||9,343,715|5,584,843|
##
|FOR
12.|THE YEAR ENDED 3
DEBTORS|1DE|CE|MB|ER 2|020|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2020|2019|
||||||||||||6|F|
||Dividend
receivable||||||||||12,661|12,278|
||Donation receivable||||||||||174,251||
||||||||||||186912|12278|
|13.|CREDITORS: Amounts||falling||due|within||one year|||||
||||||||||||2020|2019|
||||||||||||6|E|
||Other creditors||||||||||25,257|25,327|
|14.|STATEMENT OF FUNDS||||||||||||
||||||Brought|||Income||Expenditure|Investment|Carried|
||||||forward||||||Gain|Forward|
|||||||6|||||6|K|
||2019||||||||||||
||General
Funds - all|funds||15,958,492||||1,028,443||440,993|2,168,866|18,714808|
||2020||||||||||||
||General
Funds - sll|funds||18,714,608||||373,450||614122|837249|19311,385|
|15.|NET CASH (USED|IN)/PROVIDED||||BYOPERATING|||ACTIVITIES||||
||||||||||||2020|2019f|
||Net income for the year (as|||per|Statement||offinancial||activities)||S96,S77|2,756,316|
||Adjustment
for:||||||||||||
||Net gain on investments||||||||||(837,249)|(2,168,866)|
||Dividend
income||||||||||(197,274)|(203,976)|
||Interest income||||||||||(1,763)|(10,472)|
||Decrease in prepayments|||||||||||215|
||(Increase)/decrease|in debtors|||||||||(174,634)|168|
||(Decrease)fincrease|in creditors|||||||||70|14,890|
||Net cash (used in)/provided|||by|operating||sctivBes||||614,413|388,275|
|16.|CASH AND CASH|EQUIVALENTS|||||||||||
||||||||||||2020|2019|
||||||||||||E||
||Cash st bank||||||||||802,482|1,654,294|
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|The following|investments|investments|held by the Foundation|held by the Foundation|are investments|in funds managed|or|sub managed
by|
|---|---|---|---|---|---|---|---|---|
|AP Asia.|||||||||
|||||||2020||2019|
|||||||6||6|
|Arisaig Next Generation|||Feeder ICAV|||6,077,983|||
|Arisaig Funds|pic —Arisaig Global Emerging|||Markets|||||
|Consumer|UCITS Fund —Sterling Share|||Class||||3,823,464|
|Ariisaig Asia Consumer||Fund Limited||||||1,131,252|
|Arisaig Global Emerging
Arisaig Afriica Consumer|||Markets Consumer
Fund
Fund Limited ("AFCF")*||Limited|7,163||456,633
285,472|
|Arisaig Latin America Consumer
Fund Limited||||||||276 574|
|||||||6085146||5773,395|
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