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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe company,|its Trustees and advisers||
|Trustees' report||||2-8|
|Independent
auditor's|report|on the financial statements||9-12|
|Statement offinancial|activities|||13|
|Balance sheet||||14 - 15|
|Notes to the financial|statements|||16-29|
##
|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2020|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2020|
|---|---|---|---|
|Trustees||Moutha
El Hadj (resigned 6|July 2021)|
|||Guillaume
Chiron||
|||Abass Sylla||
|||Oumoulkhayri
Ba||
|||Chdstoph
Schaefer||
|||Ibrahina
Thiam||
|||Guillaume
Taylor (appointed|1 January 2020)|
|||Alexandre
Manghi (resigned|1 January 2020)|
|||Ahmed
Zein (appointed 20 July 2021)||
|Company|registered|||
|number||06800423||
|Charity registered||||
|number||1136156||
|Registered|office|8 King Edward Street||
|||Oxford||
|||OX1 4HL||
|Principal operating
office||Direction Executive du BACoMaB
ZRC||
|||Lot 406, B.P 5223||
|||Nouakchott||
|||Mauritania||
|Secretary||Mr Ahmed
Lefghih||
|Executive director||Mr Ahmed
Lefghih||
|Independent|auditor|Azets Audit Services||
|||Chartered
Accountants||
|||2nd Floor||
|||Regis House||
|||45 King Willaim Street||
|||London||
|||EC4R 9AN||
|Solicitors||Wilmerhale
LLP||
|||5th Floor Alder Castle||
|||10Noble Street||
|||London||
|||EC2V 7JQ||
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||||Note|Unrestricted
funds
2020|Restricted
funds
2020|Endowment
funds
2020|Total
funds
2020|Total
funds
2019|
|---|---|---|---|---|---|---|---|---|
|Income and|||||||||
|endowments|from:||||||||
|Donations
and legacies
Investments
Total income and|||4
5|203,934
178,985|||203,934
17&,985|4,863,279
240,312|
|endowments
Expenditure|on:|||382,919|||382,919|5,103,591|
|Raising funds
Charitable
activities||||386,394||166,003|166,003
386,394|80,765
776,373|
|Total expenditure
(expenditure)fin||||386,394||166,003|552,397|857,138|
|Net|||||||||
|||com|||||||
|before net gains||on|||||||
|investments
Net gains on||||(3,475)||(166,003)|(169,478)|4,246,453|
|investments||||||1,887,423|1,887,423|2,722,119|
|Net movement|in||||||||
|funds||||(3,475)||1,721,420|1,717,945|6,968,572|
|Reconciliation|of||||||||
|funds:|||||||||
|Total funds brought|||||||||
|forward
Net movement
in funds
Total funds carried||||1,360,127
(3,475)|446,777|34,240,227
1,721,420|36,047,130
1,717,945|29,078,558
6,968,572|
|forward||||1,366,652|446,777|35,961,647|37,765,076|36,047,130|
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|||Note||2020||2019|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets
Investments||||9,724
34,529,643||10,218
30,009,245|
|Current assets||||34,539,36?||30,019,463|
|Debtors
Cash at bank and|in hand|14|759
3,241,928||904,156
5,145,186||
||||3,242,847||6,049,342||
|Creditors: amounts|falling due within one||||||
|year||15|(16,939)||(21,674)||
|Net current assets||||3,225,708||6,027,668|
|Total assets less|current liabilities|||37,765,075||36,047,131|
|Total net assets||||37,765,075||36,047,131|
|Charity funds|||||||
|Endowment
funds
Restricted funds
Unrestricted
funds||16
16
16||35,961,647
446,777
1,356,651||34,240,227
446,777
1,360,127|
|Total funds||||37,765,075||36,047,131|
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|Unrestricted|Endowment|Total|
|---|---|---|
|funds|funds|funds|
|2020|2020|2020|
|203,934||203,934|
|Unrestricted|Endowment|Total|
|---|---|---|
|funds|funds|funds|
|2019|2019|2019|
|63,279|4,800,000|4,863,279|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|Investment|income|&78,985|17S,SSS|
|||Unrestricted|Total|
|||funds|funds|
|||2019|2019|
|Investment|income|240,312|240,312|
##
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|||Investment|management|fees|
|---|---|---|---|---|
|||Investment|management|fees|
||'||||
|7.||Analysis ofgrants|||
|Endowment|Total|
|---|---|
|funds|funds|
|2020|2020|
|166,003|166,003|
|Endowment|Total|
|funds|funds|
|2019|2019|
|80,765|80,765|
||||Grants to|Total|
|---|---|---|---|---|
||||Institutions|funds|
||||2020|2020|
||||6||
|Grants,|Provision|ofgrants|437,962|437,962|
||||Grants to|Total|
||||Institutions|funds|
||||2019|2019|
|Grants,|Provision|ofgrants|472,056|472,056|
##
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|||Provision of|Total|
|---|---|---|---|
|||grants|funds|
|||2020|2020|
|Staff costs
Depreciation
Office rent
Motor costs
Bank charges
Exchange rate difference
General office expenses
Communications
and promotion
Governance
costs||74,817
2,430
7,192
3,148
6,328
(187,889)
6,326
6,667
27,413|74,817
2,430
7,192
3,148
6,328
(187,889)
8,326
6,667
27,413|
|||(51,568)|(61,668)|
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||||||||Provision ot|Total|
|---|---|---|---|---|---|---|---|---|
||||||||grants|funds|
||||||||2019|2019|
||Staff costs||||||||
||Depreciation||||||60761|60,761|
||GIZ costs||||||2,554|2,554|
||Office rent||||||15,219|15,219|
||Motor costs||||||8,416|8,416|
||Bank charges
Exchange rate difference
General o%ceexpenses
Communications
and promotion
Governance
costs||||||2,907
5,677
133,611
22,419
7,758|2,907
5,677
133,611
22,419
7,758|
||||||||44,995|44,995|
||||||||304,317|304,317|
|9.|Auditor's
remuneration||||||||
||||||||2020|2019|
||Fees payable to
annual accounts||the company's|auditor for|the audit ofthe|company's|||
||||||||8,914|8,368|
|10.|Staffcosts||||||||
||||||||2020|2019|
|||||||||E|
||Wages and salaries||||||74,817|60,761|
||||||||74,817|60,761|
||The average|number ofpersons||employed|by the company|during the year|was as follows:||
||||||||2020|2019|
||||||||No.|No.|
||Administration||||||||
||||||||4|4|
##
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||Motor|ONce||
|---|---|---|---|
||vehicles|equipment|Total|
|Cost orvaluation||||
|At 1 January 2020
Additions|43,549|21,964
1,936|65,513
1,936|
|At 31 December 2020|43,549|23,900|67,449|
|Depreciation||||
|At 1 January 2020
Charge for the year|43,549|11,746
2,430|55,295
2,430|
|At 31 December 2020|43,549|14,176|57,725|
|Net book value||||
|At 31 December 2020||9,724|9,724|
|At 31December 2019||10,218|10,218|
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||2020|2019|
|---|---|---|
|Due within one year|||
|Other debtors|719|904,156|
||719|904,156|
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|Other creditors||
|---|---|
|Accruals and deferred|income|
##
||Balance at 1
January
2020|Income|Expenditure|Galnsl
(Losses)|Balance at
31
December
2020|
|---|---|---|---|---|---|
|Unrestricted
funds||||||
|General Funds|1,360,'l27|382,918|(386,394)||1,356,651|
|Endowmentfunds||||||
|Endowment
Fund|34,240,227||(166,003)|1,887,423|35,961,647|
|Restricted funds||||||
|Restricted Fund||||||
||||||446,777|
|Total offunds|36,047,131|382,918|(552,397)|1,887,423|37,765,075|
##
||Balance at
1January
2019|Income|Expendituref|Transfers
in/out|Gains
(Losses)|Balance at
31
December
2019|
|---|---|---|---|---|---|---|
|Unrestricted|||||||
|funds|||||||
|General Funds|(18,675)|303,591|(776,373)|1,851,584||1,360,127|
|Endowment|||||||
|funds|||||||
|Endowment|||||||
|Funds|28,650,457|4,800,000|(80,765)|(1,851,584)|2,722,119|34,240,227|
|Restricted|||||||
|funds|||||||
|Restricted Funds|446,777|||||446,777|
|Totai offunds|29,078,559|5,103,591|(857,138)||2,722,119|36,047,131|
##
|Analysis ofnet assets between fund|s -current period||||
|---|---|---|---|---|
||Unrestricted
funds
2020|Restricted
funds
2020|Endowment
funds
2020|Total
funds
2020|
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year|9,724
3,984,560
(2,620,694)
(16,939)|446,777|30,545,083
5,416,%4|9,724
34,529,643
3,242,647
(16,939)|
|Total|1,356,651|446,777|35,961,647|37,765,075|