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, 2019
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, 2019, 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 2018, by Dott. Roberto Capriata.
STRUCTURE AND CONTENTS OF THE BUDGET
The Financial Statements for the year ending on December 31, 2019 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 15.375 ( Euro 15.211 al 31.12.2018)
- Euro 13.131 – c/c balance at the Banca Generali
- Euro 2.244 – cash amount as of December 31, 2018
Net assets amount to 15.375 ( Euro 15.211 at 31.12.2018) due to the management deficit of Euro 164.
Annex1 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 19.442 (Euro 24.364 – including other projects – in 2018) summarizes the expenses that LabOasis Foundation has had for the following projects:
- Programme and Award the Oasis Effect – Euro 15.264 (Euro 4.006 in 2018) already started and interrupted by the Covid-19 pandemic. Costs include Selection of Participants, Partners and travels for surveys;
- The Oases Database – Euro 4.178 (Euro 5.404 in 2018)
Euro 18.394 (Euro 1.991 nel 2018) include limited amounts of office supplies and administrative costs as well as the costs incurred in 2019 for the use of the spaces available to the Foundation (amount not present in 2019).
EVENTS AFTER CLOSING THE FINANCIAL YEAR
There were no events in the first months of 2019 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 2020 of the LabOasis Foundation are not yet identifiable and they will be the object of constant monitoring through the current financial year.
Balance sheet 2019
Projects Management 2019
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 aim of the project is to share information and scientific knowledge. The first phase consisted in the creation of the websitewww.laboasis.org that offers rich editorial content and a wide selection of images. 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.
The photographic Programme and Prize The Oasis Effect dedicated to Saharan and Arabian Oases has been launched in 2019, starting with the selection of 7 young African photographers coming from Egypt, Libya, Algeria, Tunisia, Morocco, Mauritania and Niger. A training Workshop had been scheduled in May 2020 in Morocco and staged in Marrakech, curated by the LabOasis Foundation and the 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 foresees that the training continues remotely, through monthly meetings. At the end of the period, a selection of the pictures will be shown in the exhibition planned at the MAXXI in Rome. Two Awards The Oasis Effect will be attributed by the International Jury chaired by Yann Arthus-Bertrand – Fondation Food Planet, and the Public Award Leila Alaoui will be offered by the Fondation Leila Alaoui, as a tribute to the talent and the memory of the young Franco-Moroccan photographer and videomaker.
The restart of the Programme is expected for the fall of 2020 and the first part of the activities will take place in the spring of 2021.