2020-12-31-accounts

				Unrestricted	Total	Total
				funds	funds	funds
				2020	2020	2019
				$	$	8
Income from:
Donations			4	20,000,000	20,000,000	30,000,000
Investments			5	18,152	18,152	25,026
Total income				20,018,152	20,018,152	30,025,026
Expenditure on:
Charitable activities			B	19,379,182	19,379,182	13,241,006
Total expenditure				19,379,182	19,379,182	13,241,006
Net gains on investments				81,105	81,105	80,567
Net movement	In	funds before other recognised
gains				720,075	720,075	16,864,587
Other recognised		gains:
Gain on foreign	exchange			1,583	1,583	15,185
Net movement	in	funds		721,668	721,658	16,879,772
Reconciliation	of	funds:
Total funds brought		forward		17,566,226	17,566,226	686,454
Net movement	in funds			721,658	721,658	16,879,772
Total funds carried forward				18,287,884	18,287,884	17,566,226

				2020	2020	2019	2019
			Note			$	$
Fixed assets
Investments					5,001,137		23,044,948
					5,001,137		23,044,948
Current assets
Debtors			10	20,000,000
Investments			11	1,000,094		1,534
Cash at bank	and in hand		15	1,514,590		2,6BB,005
				22,514,684		2,689,539
Creditors: amounts		falling due within one
year			12	(8,860,310)		(8,168,261)
Net current	assets I(liabilities}				13,654,374		(5,478,722)
Creditors: amounts		falling due after more
than one year			13		(367,627)
Total net assets					18.2&7,884		17,566,226
Charity funds
Unrestricted	funds				18,287,8&4		17,566,226
Total funds					18,287,884		17,566,226

				2020	2019
			Note	$	5
Cash flows from operating	activities
Net cash used in operating	activities		14	(18,317,923)	24,731,393
Cash flows from Investing	activities
Investment income			5	18,152	25,026
Proceeds from sale offixed	asset investments		9	70,228,084	21,573,700
Purchase offixed asset investments			9	(52,103,168)	(44,538,081)
Nel movement on current asset investments			11	(998,560)	(1,534)
Net cash provided by/(used in) investing		activities		17,144,508	(22,940,889)
Change In cash and cash	equivalents in	the year		(1,173,415)	1,790,504
Cash and cash equivalents	al the beginning	ofthe year		2,688,005	897,501
Cash and cash equivalents	at the end of	the year	15	1,514,590	2,688,005
The notes on pages 15to 23form part ofthese financial statements.

		Unrestricted	Total
		funds	funds
		2020	2020
		$	$
Grants		20,000,000	20,DDD,DDD
		Unrestricted	Total
		funds	funds
		2019	2019
		$	$
Donations		30,000,000	30,000,000
Income from investments
		Unrestricted	Total
		funds	funds
		2020	2020
		$	$
Bank and investment	interest receivable	18,152	18,152
		Unrestricted	Total
		funds	funds
		2019	2019
		$	$
Bank and investment	interest receivable	25,026	25,026

						Grant
						funding of	Support	Total
						activities	costs	funds
						2020	2020	2020
						$	$	$
Charitable	activities					19,239,532	139,650	19,379,182
The grants	committed		during the year have been detailed		within	the Trustees	Report and in	Note 12.
There were no staff in			either the current or previous	accounting		periods
						Grant
						funding cf	Support	Total
						activities	costs	funds
						2019	2019	2019
						$	$	$
Charitable	activities					13,108,536	132,470	13,241,006
Analysis of		support	costs
							Total	Total
							funds	funds
							2020	2019
							$	$
Governance		costs					129,223	127,418
Other costs							10,427	5,052
Total 2020							139,650	132,470

				2020	2019
				$	$
Auditor's	remuneration	-Audit ofthe financial statements		11,10&	11,096
Auditor's	remuneration	-Accounts preparation		4,213	3,963
Auditor's	remuneration	-Tax services under accrual	in previous year	1,187	1,149
Professional fees				112,715	111,210
				129,223	127,418

		Listed
		investments
Cost or valuation
At 1 January 2020		23,044,948
Additions at cost		52,103,168
Disposals at carrying	value	(70,228,084)
Revaluations		81,105
At 31December 2020		5,001,137

								2020	2019
								$	$
	Net income for the period (as			per Statement	of Financial	Activities)		720,075	16,864,587
	Ad)ustments for:
	Gains	on investments				9		(81,105)	(80,567)
	Investment income					5		(18,152)	(25,026)
	Increase in debtors					10		(20,000,000)
	Increase in creditors					13,12		1,059,676	7,957,214
	Gains	on foreign exchange						1,583	15,185
	Net cash (used ln)/provided			by operating	activities			(18,317,923)	24,731,393
16.	Anaiysis of cash and cash			equivalents
								2020	2019
								$	$
	Cash	in hand						1,514,590	2,688,005
	Total	cash and cash	equivalents					1,514,590	2,688,005
16.	Analysis ofchanges		In net	debt
						At	1		At 31
						January			December
						2020		Cash Rows	2020
							$	$	$
	Cash	at bank and in hand				2,688,005		(1,173,415)	1,514,590
	Liquid	investments				1,534		998,560	1,000,094
						2,689,539		(1?4,855)	2,614,684

				2020	2019
				$	$
Marina	Medley De Sa - Sonho Grande		Institute	15,189,119	2,765,508
Marcel	Herrmann	Telles - lsmart		592,553	8,974,282
				15,781,672	11,739,790