LabOasis Foundation is committed to ensuring maximum transparency to its donors and the possibility of verifying the effectiveness and use of the funds. To this end, LabOasis Foundation provides precise, complete and comprehensive information about the initiatives to be supported; transparent, correct, efficient and effective management of the donations; and absolute discretion and respect of your privacy. Supporters, beneficiaries and operators are the different categories of stakeholders to whom LabOasis Foundation guarantees the possibility, through the accounting documents, of monitoring and verifying the implemented activities and the coherency between them, information about the pursued and accomplished goals, as well as the accordance with the statutory and programming goals.
December 31, 2020
LabOasis Foundation was established on July 13, 2015 by a notarial act (repertory n.44.909 collection n. 21.416) upon the will of its founder, Mrs Violante Pallavicino, with the aim of arousing a greater interest in the eco-systems called Oases, in North Africa, West Africa and on the Arabian peninsula, reversing the trend of abandon and progressive deterioration of those lands, and supporting the communities that live there to actively preserve their historical-cultural and environmental heritage. The financial year, which closed on December 31, 2020, was prepared according to the general criteria foreseen by the Italian Civil Code regarding financial statements for commercial businesses, and the technical and operational guidelines of the National Council of Chartered Accountants for organizations that work within a social context. Non-profit organizations need to be first and foremost transparent in their financial statements and representation. To this end, the information provided by the financial statement, which is generally of a financial nature, is accompanied by the appropriate descriptive information regarding the activities that have been carried out. Particular importance has been paid to the auditing procedures, carried out, as for the year 2019, by Dott. Roberto Capriata.
STRUCTURE AND CONTENTS OF THE BUDGET
The Financial Statements for the year ending on December 31, 2020 consist of the balance sheet, income statement and these Integrative Notes. In accordance with Article 2423 ter of the Italian Civil Code, for each item listed on the balance sheet and the income statement, the amount of the corresponding item from the previous year will also be listed in order to compare them and note any variations in value.
The evaluation of the assets is made according to criteria set out in Article 2426 C.C., based on prudence and the prospect of continuing the activity. Application of the prudence principle has brought about the indication of only the proceeds that have been realized at the end of the reporting period and all the expenses for the year, even if these were known after the closing date. The amounts shown in the body of the report are expressed in units of euros, according to Article 2423 paragraph 5 of the C.C.
The financial statements have been made on the basis of general prudence criteria with respect to economic competence and the evaluation of the prospects of continuing the activity of the foundation. No indication of the criteria that has been adopted to draft the founder’s financial statements is necessary inasmuch as the amounts are expressed with their nominal numerical value.
AVAILABLE CASH: Euro 9.999 (Euro 15.375 al 31.12.2018)
- Euro 9.999 – c/c balance at the Banca Generali
Net assets amount to 9.999 (Euro 15.375 at 31.12.2019).
Annex 1 contains a description of the net assets.
REVENUE AND EXPENDITURE ACCOUNT
INCOME AND REVENUE
This has been received by the founding member without any obligation of destination.
Costs from typical activity
Euro 12.593 (Euro 19.442 in 2019) summarizes the expenses that LabOasis Foundation has had for the following projects:
- Programme and Award “the Oasis Effect” – Euro 6.909 (Euro 15.264 in 2019) already started and interrupted by the Covid-19 pandemic. Costs include Selection of Participants, Partners, organization of the Workshop;
- Project “Atlas of the Saharan and Arabian Oases” – Euro 2.459
- Project “Oases Database” – Euro 3.225 (Euro 4.178 in 2019)
Euro 14.322 (Euro 18.394 nel 2019) include limited amounts of office supplies and administrative costs as well as the costs incurred in 2020 for the use of the spaces available to the Foundation.
EVENTS AFTER CLOSING THE FINANCIAL YEAR
There were no events in the first months of 2021 that could alter the results of the financial year, as declared in this financial statement.
As known, from January 2020 the national and international scenario have been affected by the spread of Covid-19 and by the consequent restrictive measures for its containment put in place by the public authorities of the concerned countries. Such circumstances, extraordinary by nature and extension, have direct and indirect repercussions on the economic activity. They have created a general context of uncertainty, which developments and relative effects are not predictable. The potential outcomes of this crisis on the Financial Statement 2021 of the LabOasis Foundation are not yet identifiable and they will be the object of constant monitoring through the current financial year.
BALANCE SHEET 2020
Balance sheet 2020
INCOME STATEMENT 2020
Income Statement 2020
PROJECTS MANAGEMENT 2020
The project , which began at the end of 2016, consists in complex research and archiving in order to obtain a hypertext databank accessible from the website: www.laboasis.org. We therefore are able to trace information concerning field activities that have been undertaken by Programmes funded by national and international institutions, as well as by Projects of the cooperation on development, including actions and works that date up to 30 years ago.
Scientific data devoted to the Saharan and Arabian Oases produced by scholars from International universities are also fully available. The LabOasis team works constantly for the enhancement of the documentation which covers also historical and anthropological sources and overall concerning the cultural specificity which belongs to these communities.
The Atlas of the Saharan and Arabian Oases
The project registers 775 traditional Oases across the borders of 11 national states, geo-referencing them on an interactive map that is available online since 2018. For the first time, the constellation of Oases, that for centuries had the task of mitigating the climate – an historic green embankment that crosses the two great deserts – has been identified.
The first relative geographical data has been processed by Gismap, in GIS, Remote Sensing and DBMS Open Source, in collaboration with experts of the scientific institutions of the respective countries.
The constant updating of the selection that has been made with the interactive map uses increasingly stringent parameters. This to account the actual remaining of historical, cultural, environmental and landscape characteristics regarded as unmissable/imperative/necessary. The insertion into the Atlas of Saharan and Arabian Oases asserts and highlights indeed the exceptionality of these human settlements.
The Oasis Effect
The goal is to trigger a special oasis effect: to germinate new awareness, and promote knowledge of the traditional Saharan and Arabian Oases, to indicate their value and favour the protection of their historical, cultural and landscape heritage.
According to the programme started in 2019, A training Workshop had been scheduled in May 2020 in Marrakech, curated by LabOasis Foundation and photographer Stefano De Luigi. Right after it, a 5-months shooting would have taken place in the traditional Oases of the 7 countries. The Programme foresaw that the training continued remotely, through monthly meetings and that it will end, after a selection carried out by the curator Laura Serani, with the exhibition planned at the MAXXI in Rome.
The project has been forcibly interrupted due to the Covid-19 pandemic. The restart of the Programme could reasonably take place within the end of 2021.