## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||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|