BioGuinea
Foundation
(A eornpw limited by gll1r￿ttt)
TRUSTEES, REPORT AND Fll¥4ANCIAL sfATEMEI
FOR TI[£ YEAR ENDED 31 DECEMBER 2021
Rettsh*tk>• N￿. 7574245
Charltr #WDber: 1146130

BIOGi]INEA Youf4DATION
THE YEAR ENDED 31 DECEMBER 20?1
Trustees (by 31 Dte 21121
Paul SJegeL Cbairnan of tbE Bc*Td
Sarah FarstcrHep44Vrth
LbrahHuA
Yi'es tk Soy¢
Miles Geldard
CamLla Mot)toiro
CoMp¥LllV re819tr8dou ollmber
7574245
ChATIty numbtr
1146130
R¢glstered ornce
10 Queen St Plac¢
LA)t>JoA EC4R IBE
United Kit)8d0￿.
Head Offlet Guln¢* Bls#•u
F3ii>¢yuineA F¢)undatiLK4 EBAP Buildw
Avenmta Doni SeltLmiU Artwo Ferrazzett4 Bis¥au
FJis8ou
S¢tret#ry:
B&tes Well5
10 fven Si Plaee
Lothn FC4R IBE
Audllur:
HaysnM¢mts'rc Ll.P
10 Quttn Sireel Plac¢
Lor¥aon. F.C4R IAO
lyn1￿
Sollrltors..
Bales Wells
10 Queen Street Pince
Lotyjtsn, LC4R IBE
IJDLitti Kmgdom

BIOGUtNEA FOUI¥IDATION
caAIRMAN'S STATE￿￿￿ FOR THE YEAI¢ ENDED 3J DECEMBER MI
The year 2021 Yin bi" the Covi&19p*thK am¢W otkn- thuw. (Jejavtsl rec¢pii(m
otfuJ)Js from ts FreTbth Glob81 FutMI (FFEm>￿&Ic￿￿l￿nS￿NN1OurgTaU(.m8km@ aetiwtfts
ExecutTh'¢ TEatn able to ￿)rL. laryeJJ' face.ts>f*t alilKxJ8b B<xrd •rxl Ey*a*i￿ Se¢tctaTiat continued Ihe
Despiteike con1¢KL￿r8rC&rt￿¢Wo￿Wng wwes8mtcrmsot ll*wifracfjthon¢redits 8CttLa￿I
by the Commumty AvoKkd Proj￿ Ixv¢ fav(Nable D)•¥knts. l1* FBO ¢llBa￿
gcmccs of Everla￿￿ LLC to mthtket ard sell ¢stbxL wth B%rrJaTrJ wag *t L4) In&tiNtr tsf
BLodii'ersitY aryl Pr4x￿￿ Artyt)r. Alr￿10 Simao da Sifva (T tBAP wln.th 18 the of￿101 owner of th carbcm ¢Thli￿.
Everlatsj k)¢oncluth tran￿ll￿at E￿or$15p￿￿￿ forthe 301.L¥J)ts>nsofth¢teditsmi]abk.
s￿es are exF*eted to Fe rwa1￿xd of 202.
In th¢ P¢xtyMlots￿ ibk to oew fwlll¥ fw(¥n th¢ MAVA itehnir41
Nctivilies for & xxoDd phw¢ of cortTh th for thoF¢nixl 2017.2021
UNDP. wtAcAJ i5 CUTTEn(t)' ¢xptOTll¥ QEtr'Awi
Covid-19 situatioL
In or8¢}￿AT￿r. thr (kTml A%%Tn￿). JJx4 ofTnL*tts V4tltom¢d n¢WTR￿l¢¢5 MT Miks Cleld&rd (iJK
¢itiz¢nl and Ms Camiltt Brauli•n Tn UK. TFegE Iw it)liv￿￿1$ p* bnng a￿lI10n21 skill$ aThl
Th¢ of Covid.19 atsl th sirufriioD in UkThEJ¥ Ayr lo hve wMtylKtabk cifrfi$ thj r¢v¢nue4 ll)llaiion aEwI
are hu8e th•llet)8es for ally inAlW￿buf Fowthilonewts LO th¢oth¢rU* stonn.
Paul Rolxrt SieBel,
li23

BIOG15ll¥EA FOUNDATIO
TRUWEES Af4F4UAL REPOttr FOR IHEYLIR EFIDED 31 DECEP*lBER 2021
kvi)Iifi lif ihi Trustees rnL i-n¢lin*. il T _0". I
The Board ot'l'njgets ofthe Birfiuirt8 Foiuoatton (the Fowlalionl ]xs the thjs report COUSiStsllg of
drt annuts( progw wrta(¥J a fir￿￿￿tY￿rt )Yar¢ThtsllkLwb¥Jl. ￿21. This rep)rtTra$ (o m¢¢¢
requrna)ts foT 8 TTusiees' a￿1 Ifx A¢1 piww.
Thc f1TwL￿&￿ sts¢emeTrts cLYnpty' V47th t￿ Chantrs Ad 2011. (Ir Act 21f6. the Memornndwfi aTkl Affi¢kg
of A￿laIm5￿ Accourtmg 4Td RetxJrnn8 Fry CbAntses." of RetomMerMl￿ Prattsce app￿Cable io charities
weputinB ther a¢counts m aeeoEdAtte StaEbJard applicablc in the IJK and Republ￿ of
Ireland (blis 102).
structure, Govern*nc¢ man•￿￿ent
The I'.oundgtson 5$ a Componv luniied Ffv" GuaY*n*e aroj does nolhav¢ *or¢ capithl. It is wjwcnwi by an
ithp¢TrJcnt FJ(*rd of arfvj an Se£retsTthi Nitha stttoll it•hn m ¢lMf¥¢ of da}..u￿). opeTatJons.
CoYernlDg Dotujllent
'fhe Foun(lalion 18 B comptt>' Iullited by 8wintr¢ 8￿em￿l ￿. its and ATli¢les of A89)¢iatson doted 22
March 2011. It isttyst¢rvJ ag 8 cTrAnty with CFwity C¢J7wusw. The ChAnry hsthreE Merni*r5.
AppolntrneDt of Truit¢¢s
The p￿¢dUr￿ fos the app01thm¢￿ ￿#111￿M￿¢010f Tru*uare xt r￿1 in ATti¢lN of A5yKi•lion (Arti¢l¢J 24-271.
To enwro A ik* Anie]es tdenirfv fowc44ories ofTDJth5
A. Inrwtsonal (from In¢¢n￿li￿1 OT Oryn]241iLMts)
B.. Na¢ioTwI from ¢iiil xoeiv. NGO, or prii'atr sector ¢x fwspeeifie ￿luAble pruri1￿,
C ReFrc8cn¢ativ¢ (¥f MÈmsmes sh&ll •1 Nk tim¢ C￿l￿ne a majwity:
Th#r¢ tsre six memE*r¥ of tl* Boord of Thre¢ts>f& one of ￿p￿te lus t¢￿ of oifK¢ nt the of DEc4rnb#T
2021 T]x Broup J$ led by 4 Ch•m•ffj wrtel). Paul Robr¥t SWL
Th¢ Bo•rd gf Trustett tsnclloDlll8
New Trustees oto proiidd lltt knefm8 ty EX¢<th￿ Se4ftwy m¢mb¢r olthe &Mrd and all
le8al documents. 8overrthYtt polwKs ard
UThi¢r normal urcumslttrtes. th¢ lkn•rd memhers or8amzc a phv%ul 0￿¢ 4 year in Guiw coupkd
with ik meetin8 of th¢ F(KuvJatsOll aThl IBAP familwuK TTuae¢s V4ith thc contrxi aThl ¢hs]len8ey fa¢iD8 iho
ExeeuLion of the Fow)datsort's MIS￿On in Qiw BisswL For 2￿11. as ￿'aS thB t4se in 2020, thix meettD8 could
not take ploce to th¢ pwM5¢mic. IIotyiE¥¢r. ￿ a¢¢oJllmrJl•tr the oT8amz￿ TFrttvfftual sne¢tUJ8$ las
all0￿d by the AFlid¢5l Tr t¢w]n w in1ryt￿ io prncipaLe I￿47] vfftual medry.
Thr EXCE￿1¥t Sttretary u rrwxible fLY IIK2 thY.*￿*Y of tl* Foutststsoo at8tew pl8OTriU
Board (l￿1￿￿n8 8rants).
Th¢ Imry¥tmetst Cornmittee (tc) Toles c¢wtrall trNeStM￿ Mar*￿￿( is8￿ Ls&xn"ted in the IC Ttrms of
Referencc adow¢d bv the I￿￿TrI. Onc 01.￿ rKu' TTustKJ bseYt¢wii'e ewnte Arml eNy¢rnse in b&okinB.
ipternaiJon&l finarKi81 mR¥k"Et& ￿'¢sIm￿¥1￿ He ￿￿￿pP￿tea 2021 to &￿D8th￿T￿l leod th¢ IC wup The
mtetirw of ￿ IC pr￿ ttsj￿ oftl* Rwd ofTn&tt&
loted
wilh
Nth)e ofrA)r tnLqleesrecen'e rethuneFatJonoroth¢rlThfft Uwrv4wL" wJthtl% CoTll*clitsnb&￿rn1 a tnL*•
and senior ￿anager ctonly Mitbodxiacts)r$ 8re wifrall¥ bi. 8 C(AttIIci-of-Intrrest Poh"¢N.
FOE ￿ kty Oru￿ Eiwuljye $￿tI#￿ the E¥￿￿tl￿t of the fDvnd2Siot ethnprises
an Imern91iotJBI E.Yecuttve Se¢rcthr¥. a￿1 Np¢i(xwb". AHAdwUJ￿ITY¢ IDJ OfficeraDJ a PrOJ￿t9 Officer
all on emplo!In¢ni ¢ontrncts.

BIOCUJNEA FOUNDATIOFI
TRUSTLES. ANfwAL BEPORT FOR THE YEAR Ef¥i)ED JI DECEMMER XIZJ ICOFU.)
Il is wted th&¢ all d￿¢*d b). the kn,c].i tske into account job ¢Jcwiior4 ￿J￿10ddS
atrj job profJlt& FTnallv. S￿1￿e$ •rt ertabhslL¥l of ayoilabk 8nd aoticyty]b
FortheEx¢cutNe knTetory. the knTdapplies&na¢cetthl¢ ru))thxAtion fw Ihecon*]l￿Profi1ts at mftrnatiollal level.
in W￿ul&T by draHryDg ¢)n tl* prn¢u¢4s of smilfftr Afrie•n orZan￿lIO￿ F￿ n&tsonal &alY. the Board follows the
laknr la￿5 yf In adthtsoo FBG makes a compRngJrA Trith tht ￿'trI8£ remurmtion levejs as applied by
ILxal 0￿￿niZ￿￿onS to¥ sam¢ *aft"svofiles. The Fothmkntsm pavsptirticul•r attentsoD to ￿14Th le¥rls of IBAP. IUCN.
alld lo¢al NGO%.
ObJ•c*l¥¢#. Acttvl¢l¢& PulAl¢ Ben￿¢ Rlsk hqaDwJoen¢
obj.￿¥ oftl* Chrity
l To promrte for ¢he benefrt oftht pthl& tbE tyrt￿ts"0n •Jkl UllWOVdll¢Dt ol th¢ phvwil
biolo8￿1 tsn[￿rtInCe U￿1￿j￿¥￿.'
2 1. The pte*rvots¢JJ. con*4vthi r*rf*tion of euvitowt •TrJ the ￿1&&noble we of natrjtal
2.2. The le￿rOr FLWQrtv. aryj tkn of of lffe f￿ the bernfii of p)pukntions Iiwn8 in
3. fo advaKe the edLUtt￿ nf thE 12gw irnl￿tirg the bitxlThvsi(v. co￿Tra￿a],
Sustai￿￿11]L). aTrJ marAg¢mcni of (}ull*&B￿)y$ aTras aTxV¢x other areas of ai8rnfic￿l pxolo8K&I
Susi&Jnub]edw'elopmeMi¥ (l¢tin￿ •$"(leveiiyDent i*ll¢h me&st￿ neetsof Neth*#wtkneotypromism8th¢4bxity
orrutwe8tt)er&iith)¥lv mea thwowTJnt•Js".
Th¢ will to • v*i¢tv or￿11￿e8 Imked to trt attainEllent of thL' qkn,e&m¢ntioTKd
Objec￿ such a5 Imer olio impiqttentjlilm p]ani" spxi¢s a￿1 bab￿#t
educetio
The ¢lTrariTh' ¢mtinns th Trus(ees hair canptsa ￿￿th 17 of the CtAn'ties Act2011 lo hmr
eme
To date, the ct]anty its Ti* as ￿tIl a8 tb)se ofits doJy)t$ s￿h
World 14ank atml UPIDP Inllddrtmm. tl* FouTKJth'th plx¢ Po￿"¢¥ •TrJ pr(t•JLKes strh a5 coafji
Potentsal of 8(Trvementsl inaabilrt!". the FFfy ￿￿thirt¥ 8IKKI rdatiOll5b2'p with all the
SuCC￿lIE1￿1TllSkne$ ￿7th Mlllch it forits OtFwts(¥laraoie ar¢ Mitststi) ot. E]Th'1TomJ￿ and
Fotestry, tk of fislrncs •Thl HaJied￿ R¢*>W￿ aThl the Mmistr of Ftiwxe: ￿ fr￿ttlll cooFrration
th T13APis 45 in thL8 exe[¢￿.
5123

BIOGiri￿£￿ FOUNDATIO
TRusfE£& At¥MJAL REPORT FOR THE YEAR ENDED 31 DECEMBER2021 {COlfT.)
Th¢nsk' ott the F￿$ fLu¥Js(h*to PJhbca1￿ i0]w￿ ikn4lhe Fouthionk&psitspennxJJtLt fth)ds
iuanusLerrAti¢xAI FAiuk UL (￿CDzortt.¢Xr¢trtfor finxls]EqWTd OkKrats¢min tiuiJJe6 ￿$SaW wllleh Èrc
loc41 iwks tb8L are JnternaiiThMI
Uw¢rtwntv as a re&dl of thc emerge￿ 1]]EeJT￿ wc8d ora C￿L￿mI[[l% (COV11>19) aThl the conokct
ukra￿￿. The Ckniy has t4%n ablc for and
b¢enable io impi¢m¢n¢ rull(Ae thuDwe MI￿£1 ofcOVI[￿19 onthe UK. IR* theec0￿M%, Bnd
tF* Clwity is yet to k SPEtL
Elow¢v¢T. thTDUAh Appro&￿81C cO￿der8￿0￿ of nas F￿rt tsf riL" mana8emem sroces￿ lh¢ miu￿ting
aetsons alr¢udJ thgi m8). ir theTTUStecscollstkrthit Ihc TrIXy is pMiion 10 c(ThknuE us actTh'LIw&
Orr vdunre*r
T￿y2 YJMleSm#n B]o¢bwdL¥b'u*d￿o(Ij￿ ofth)Fukn'Ja¢JivitieJ.' B(¥rd
Athievem¢llti attd perform*Tr(e
Durin8 2021, Jn a¢¢(YdJwe the ptdn app¥0￿d o( Tnth& th¢ Four￿.0￿ 1*75 fwjsed fl) r
priorities iTSt¢llsjA'ir￿, I￿57n& ￿13 m8rk• at¥1 m&n&8Jn
Atlivill¢J
The objectivr is lo amplifi. thE mohh7aw) nf firoroalwthus KAI the •mcwtaNiiJ•bk Ar•￿1 for th¢ th)
middl¢ IoD8 tm.
l. SJ8n&iure of a f¥M¢￿>t￿. piot(tol wrth thr I￿l￿OrBI(￿A1￿i'ty Artas. fK. Alfrojo Simao Da &'lva
. orJBAPot'(FWttti Bissau loc￿m￿￿¢#It lkn focwon &¢*bi'er•tvc¢xLWF?t￿8ThI th?de7rlc￿1eTrt of theresid￿l
2. The wAte8iw hmplEmgotyJ 2020 t¢¢n IIE eTrl of 2021. tr
folloiMn8'
. Idernify￿ oftrt cortKin¢ndts by CW) RFJ)DF Prow t.. Conservation Captsl
¢wlfftd faiYrtu*bk arn8e￿￿ fLE tl* wlM¢h rt*Jl¢d in A with BverlaTrd LLC
Te8ardin8 LIK mtheur* atwj 501¢$ of 3V).w> thn& Evtrlarll ¢rnn¥KDons ¢ThJ Xk¢xmi*r 2021..
menlssre qwkrof ￿21 Rt4XXL¥i&litse5btTh*&) Ikihr#p¥rtesuT¢ &q follow&. TFIAP
(owThrofttKcadXm¢T￿Itsx FBO(fa¢ilthioroftr*Trf(rfJaw)8ThlF.I'er1￿IlLC (MsTka￿alld s&ie5 smice
prow(krsl Sn FoTrJkl. an In￿]M be￿￿{-d￿n￿8•w￿1OC[rt eA&bliS￿d.
New $r￿1 reLe1￿1 frLllll MAVA ¢0 ofrtA* 2 of CBAD R¢¢Jd+ pm￿ 2017.2021)" T
FBG submftt•J a req￿1 for fithMkn8 forphu¢ 2 of the pwl w OTdLT to pw the rcoa￿l of saks of
v¢rified ￿T￿tat￿ bv the pA)J￿l Tr MAVA Fo￿￿]11￿￿ 8rant agrettncnt of 477.281
Etrrjs ¢oc4ry Out pwtro. t￿)￿1 llcts%ltXs CBAD l*ornt.Ftsx 2. Tr ProjLYI 1$ %tr*XIu]￿ tu
eDJ in lknl*r •Oa? ar#1 a Commvtsts. B•xlnww' 8ntV(K Su￿￿1*ble lkn.eJopment
¢redtt& Thjs pkn 2 Js COvfinarLr6 fTC*n tr World BaDk WACA ProJLtt.
Neil. PT()Jeci¢Otwt tyJic*•pcrs C1>￿￿*tionc&P￿￿ 4Vrt I..0￿>￿atron rtarted T%8Otia(icoof row
3. GEF5.UNDP EThknmtrti L5NDP TexlYAI an C(￿&t￿lI Intern￿￿￿1 to r￿Ill￿te the
4. Wtst Afri¢aCiXgt&l ATBL%ResjhL￿w{*ldTlenk ProJe¢tirWACA". Th¢F￿￿¥j￿S'¢m￿g0lNtrdlobep￿rt oftkpwwt
i¢h ￿11 ]a& S !'C4TS from 2022. F<r il T5 • foT fotst COmpw￿l1¥." to
¢n￿E the roie of GTaDI maker [￿￿)rof knl ¢CqDmuThIv PToiwtsand Nfj05, lo FqEpAre and laU￿b 8 nts% ts of
atxlto fin￿ theopeTIti￿sor ￿ Fu¥Kl8tsQ) oK'erthe d￿8￿￿Of d*proM. WACA opwttmity, iiDuld
allow tk found&lion lo achiwc its tBTV of E13 Milli￿ of e￿e￿￿ in 2026 ond FBG financial

BIOGUINEA FOUNDATION
TRusfEES' ANNUAL REPORT FOR IB£ YEAR ENDED JI DECEMBER JI21 (Cor￿.)
S. BI￿ AclionFurXVRwo￿I P￿￿￿￿rOreS￿￿arx1Nkn ConstTh7uon Inwe￿ Afyi¢&orPRCM rmiect.. TheFBG
Is of PRCM ptrt1fTsh￿ fly Ilx Blue ActTh Tr￿￿1 lortts WesL Afnc8 proJ#t LmpiemerAatsonzort. The iwtotiNe
l. Tr Fo￿datiOn huui & Tee ID the 5trxbJre atsl corteth ofts aim of VKLng moTe ￿SIble
Ibtoiiglisenws th &8 G(KWe ar￿1 FA%Ler PTe*nled mlfflmaui'e 8rxl c4rtcyApkne ￿0￿. In thlth1io￿ tkn, & Tee
2021 both pbYsLtal aThl tiom mo7*m￿"￿ Lffte ailCAFE]llttDbtrs, made a iirtual presemotion
of ii$a¢tii'ibes dwy)8themttiin8held m ￿￿M￿.q￿.lI5%I￿lCd￿Al CAFTr. I￿1 REDLAL hNvc Tecoved ￿l'fin￿￿ts1
support Irorn li¥ ¢Jonm f(v 5 yws (OT mun*1 I￿ of rncrni￿. In sujse. CAFF. r¢que$r¢d th¢
Bi(<7WTXU boLM1dats(￿ lo l¥)a CAFE A#allbly m 20212023 Lr 2024. The F(UMbtion Mqu de¢th on thJ$
pro]K>SAI in 2022.
and FBCT IO tBAP pro*clal atxt Ur(* as f4Ythecentrttl ethYdnwiionTn kkwLL r
the pr0jtric4￿l¢S fr¢m thc FtEM aDA ismar4ed Fh. F￿r￿A￿ts0
I FFF.M Th"lot Gr•nl pwcct". ThE of 155.IIX)FAwrn plaD￿l f¢x 2021 c4MJld ¢0 ￿paCi￿
of¢oNTr&lg. CoxwqwDUY. th¢ FFliM V4ill PTO¥rt in r4rlv 2W22 aD amethent ts) the duJ¥iK>n contTact which
i]1 tre oxt¢NJed UDtil l)ecemlKT 2022 in QTder lo all￿V r(r ￿ fin￿￿￿1{￿ thf Pilnt pmJe¢l In the M￿￿1￿￿¢, tt
rm0￿1￿]￿udlt ofts projv*i thduw 2022.
2 GEF >Ut4T)P'. The OEYSE￿￿￿￿￿th COtity1l￿C￿ l•A etern¢￿ ofthe let Tel•Asul. Cl lake$
over from IJNn5> ff$pOn*￿h¢1. of￿$￿￿$3 iS¢XPECt>4 in 2022.
3. MAVA 2nstitutM)rnl •. Th8 hmd FBG opttBt4 els￿ Mith GEF>UNDP PToJect Imil tr￿ 2021.
The objeetsvo i¥ 2lMm and M•￿um-*Ml nfth¢ FBCY adthiion io Ihe
GEfsoJNDP tad of 2021}. li PYOiT*aaJ
Ih &dequul¢ iv1￿n8 cqwpmcrtt (ODC of Ihe thTre p]èrrf*Jl In SUEllmNry. MAVA IMib2titsnttl
Swport Prc)Jed alILmv￿ the Io Th)TmLI th'le il bllid6 its 4rd
iiuuonBI ei￿lU￿0
4. MAVA FullthwJ4W SLFPOrt P￿j￿l Thi"s ¢ThJ rf2021 AJdcxribDJ aFth%, tra"8fi4)d to
All ￿1￿￿￿0t)$ re]attd kn FuDJr8iqr& COD*Thry￿)n Capknl C()rtlra¢i M'hich li¥$ ext￿1*¥&.
A¢tsNJiies w)d¢r tbjs project ended m lknt¢r 2021. AD exlekL¥M)D Lk>wr MAVA
llO￿ld il* FoundatsI￿￿ntsTrW ts) brrKfi¢ fl￿ th¢￿￿￿( Ofcc￿li￿)neAprf￿ ford* rundrn)￿DS
Ad¢piin8
l. blexJbilii>' ofotmlion.. In udcr lo In￿ell*¢KI of C(Md 19, thcF0WJd8t￿ remote ￿1
f4C*-i￿18Cc. oFrnih)As for Itul depe* Mel￿ impJs&1 bi. the I￿$180}y&￿0¥nl inl&)kgiwz*l
2. Gtsvtrt￿￿ PTQry" The Prfwdof TTUS*CS*rk(xll￿ Kil¢s ¢3drfaTd Ca￿11￿ Tk rnw¢omers kn.
¢OTllp1eM￿kTr' wofile$ to th(&. a]Jrad% ort B(wd. ￿lIeS Geldard joittd Fk*rd of Tr￿t￿ a￿1 he wo4
Fin8ti¢wi maJ*ets wknas C8mi]a ty veTh f￿11￿￿￿ Cor*¢tVthon TnL4 FwyJs in Ar￿ 4T¥J Amenca 8s
3. Mectuw. dur￿8 2W21, tbB 14uud cunbrd IThtatmtht ard kntd meeuDg8. T]nr (3)
virtual BnaDI aThJ tnYesthe￿cc￿￿rLtheeme¢1Uv MwelKldto adv4rttUx xtiitsSarKlwanA8em￿I
oifLrntt]tl ittTresthieJtr,
7Q3

BIOGUINEA FOUNDATION
TRUSTEZV AfiThuAL REPORTFOR THE TrTAR ENDED 31 DECEMBER 21121 (CONf.)
4. ACCO￿tManagemeul0lP￿ BRnk Inatitiel￿ts(￿ of irrAM¢ for JL* o￿allne n￿￿8. tTr* FouTul&ts'on
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the let8 ￿re sn 2021
It h48 to noied that Jthncs WTV.Kytk &xple*d marthte by Cun)nitttyYs temis of
6. Donorf Cir¢l¢ One (l) ￿¥5 h¢ld m AW 2021. It Irv￿￿e￿ sit￿tion of dory)r
fun&8 part￿￿￿T TIZ of the IX FBG BoArd ll￿]￿Je. 8mim8 othw$' (i)
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prfylu¢d b). AthnJnimkn'¢ aDI FwrLJDI Otrtru. ovcnll aTrl ty. fwAI ffjrA8cd by the fowthiion
143

BIOGUINEA FOUNDATION
TRusfEES' AririuAL REPORT FOR ThE YEAR Kf4DED 31 DECEMBER 2021 (coNr.I
Fin*Dd¥l revlew
Thc F0und8tsonffce(Trdd￿ir[Stl* TrYar4l3WE￿CqU1l7lert frow i1NDP￿EF￿¥tl￿knrt tr&tk'lY of tlrlrcoErtEib￿[
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eTh￿v Si￿¢ 2016. Al￿. the fowmkntson ￿Trted El),938 Euros fr(m tttMAVA FuJrdatii)n as its contrikn2tic*I from the
iTJstiiuliotxl S￿￿TI project ar¥1429.i53 F￿ frornthE MAVAfsxllknasF•rtoftF*-Pro￿(lu)￿￿Xlons-tcrn1 fu￿￿al
viability" ot. ￿tidiVe￿￿¥ tbroW tl* tA)JJJrAw¢)n arml Bi5S&U'S U￿)1'a￿ve
IiEDIW proJe¢i.
10,(Th EUTOS from rts uKomeaLXaty
At tF* tTrJ of Jknntrr 2021. th¢trA•I lessCUtTt￿1JabJ1rt￿JME￿DttsIA of 4.023323 Eurosequryokrt
Fortd¢ fvllye4r202t. the (oth yowthv4ith•p)s*ve&*¥onn￿ of415 72% with
a tota] valL￿￿On of F.UR 3'316'(M4 Sittr its iti Q3 2020, the Pthfolio 5Krf(YtDoJ *roTwiy +25.68%. Th¢
ParfortllaT￿ m 2021 hos meln dm'¢¥s m MtsTrty AW r￿lY half of tskn t)rt Th¢
Potrfo]io Iwd an Ll]oc4110n to of5W• at the of th¢ var. l8% FLtrd I￿ar1e and 16% in muits-a6set srr81e8Les
with A Riain on Global xrate&e
+46 8% 4nd in 2021 +27 11% (kn the ade of trt SFectrutn. the Baillie ￿1n NiprAm inv¢simmt ¢ThJtributed.
14.4% O￿all a￿1 was thc coTrtribuLOY ￿ tk* wifokno Jni AU m a]1 ts Pc(¢fobo is balan¢ttl ¥￿]
Iiu strong r*rftYmartt m pxtsve cyclesaTrJ rn r￿11¢￿% w f4r. oW¢)ni1￿ knLthmark5 ofthe
inv¢*m¥nls in
Al lJJe be8JDTllry8 of )WT, ¢￿¥￿￿j 2022 )'ear for rol on]y dw (o
oft8￿￿8 msLr8 fTr•n Ca￿& Mark¢t¥ Imd I￿￿11n¢a ÈtT) ￿17 for the prevmw l YeftTS. bill for 2022 Jr¢
lIKTra5￿. And it PT0￿¢d S￿ th& the on Ukrnltt ar￿ 8pikw8 M¢s the ￿￿r1d hal (ur￿]
mArkn$ down ￿￿%￿u[e onmost of the classes. We foT 2022 ¥ drfficult yeor
for markets 8iNrn thc ￿,￿￿]]￿r8e issues cffj mog¢ty Ewow nwkrts (w. cnss& Covid.aftemiad
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lull 8iv¢ll ts stowdown prevyx8 2 years0￿ ￿¢0¥*1.
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to invest its fiysi cawtsl and ￿(￿rreSt￿c*d fir*ts>
In trt s&me i'ejn. J)21 th¢ Fow¥hi1￿ l*$ t*en rKw Tr>yJccs frrAn th¢ Wortd Bar& WACA ProJ*i to
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9Q3

BIOGUINEAFOUNDATION
TRusfEE& Ar41￿ALREP0RT FOR IHE YEAR EF4DED 31 DECEMBER 21121 (coKr.)
Plan5 for future per5od
The foundBtton hasset WfOr2026￿ 13 rni]h"ffL Dqxie 8lot41 ththt 51¥>M'S1￿llfl¢mt
its commiinieni to makc every cftortto prw Iomorfs s￿. To FixwAIth wyll on followip8
pri￿lUeS for 2022 snd F*yorJl..
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Support￿ F.0￿la￿On.s fcrye&r& ot Lts Jwm¢ io faff otKraun8
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the fitxncing oloF¢rniK&L8.
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CthiiAu• tht ttes01￿11I{m Lhe.1£4VAFwdatim'. fjfyl•MmDpsth 8tsa*ies tomeei th¢•oth
c(Yvthiion desutyj ty MAVA to tsfirAI W"
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rap￿ adaptAtJon meow¢softr* itiv¢￿ portfoliodwJuJ8 OD
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th￿ maj, aff#l all tn%lJuLtions in t￿ knTd of Tr￿eeS i$ m'¢Ay ¢oDcerrd the ¢(Jntsnuily of
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invo￿¢ th¢ fiOUEKlaiiM &tKt implcDKrrfatioo pha* for NnbJwE otr￿ FIDJ¢¢i REDD+
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STATEMXPIT OF TRusfEES RESPONSVBtLfTIES
The Tn]stees are resp￿*1)Ie for Pr￿￿l￿O the TnLrft¢¥ R¢FThi ar¥1 tre fIt￿l$l 5taECnl¢TJLry in accord￿ Mth appliub
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requwcd ￿.
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IOQ3

BIOGUINEA IIOiTIiDATIO
TRusfzES' Ar¥r4UAL REPORT FOR IHE YEAR EY4DED 31 DECEMBER 2021 (CONT.1
¢otnpan>' con¢mu¢
TheTr￿￿t¢S aTr rEspotisiblc fLYkwu)gJYowracL0m)tin8ff￿rd$thètdi￿lo￿ ￿]threa￿&blC )ccurnc}' ai 8Jw lime of the
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In so far45 thr Tnk5trtsar¢ avJ8
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b) th¢TnLWts knve thkenAll ￿ JWS tlw. ou8bi ￿ I￿￿k¢￿ to Ihtrnxlirs awar¢of•ry rd¢4ffjnt infcrfmatioo
and to ¢thbiLsh thil tr¢ athlll1¥5 IA mfonnatU¥L
MEMBERS. LIABILrrY
Th¢ M¢mb¢rs ol the ¢(¥>)P*>y8u•r*nlet lo £J to dwi.ly in the
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Paul RoE¢rt Si
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BIOGuIf4EA FOUNDATfOh
INDEPEfqDENT AUDfTr)RS' REpoKf TO YHE ThusfEES OF BIOGuIfiEA FOLTPIDATION
OplnÉo
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ve a trt￿ ard fair i'*w of the smte ￿￿"thb￿ ¢omFW'S affairs as 013) 2021 and of thr
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BIOGUtNEA FOUNDATIOli
Ir4DEPENDEThT AUDTfoRS' REpoKf TOIIIE TRiL¥It8S OFBIOGUINZA FoirrwTtON (¢otsthiNedl
We hwe nothiD8 io rejkn ofÉir mattsJ Act 2(￿ reqllUE5 to
lo vou if. in (xjropimim.
&dequaic Txords trtn b!. thc clwi.tsbk ¢omJw:
h5V¢¥￿ Trteivcd ell ￿ mfonDAiiC￿O¥j Teqw¢for¢Jur a￿. or
the Ey)tcntslled io UJ xcorda]v i￿11] thc ￿all tCgiEne
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exi¢ni to whlch our pnknart t4￿bk of(kntU4 fT¢8ulanUe& fra￿1 is ¢knaikd FKIow'
Bft9•d on ow oflk¢ ¢h&n"tptAe aDd th¢ in MthJ¢h yl oFxntes. ththified thai Iht ￿1r*I￿1
nsk$ o( D)n<omplthrte with ￿w$ aNI Tcl&t¢d io re8datoTh' r¢qutr¢mcnls ofthc Charn}" LoMmis￿l)s4 &TKI
con¥id¢rrd iheex(emiowhi¢tLnorfrwmpbm mJ8liknfc8malend effc¢toatht We8Jso¢oMdend
Ihoge lows pJ¥J tENulatsoroth&t a th'itt¢ unF•cton * FffeFér￿ of stywm¢nts 8wha$ the CbArit2e5 A¢t
2011. COM[￿1￿5 A¢1 2(X)6&rd w)YoM tsx¢&
We eval￿ted mmwi's cq)rxmuntDes f(w (rnwJul¢rt ol tr* %tatrnients ihe risk or
m4wement bios in certain j￿18eMfZM9 a8 Ile rtt<8DLuon Ex)Jith' applied t¢
end kTxI
Ide￿IfYIn8 &nd 125LiT¥ txttscul•rJ¢xuro1 pJ)tii¢spotsJ acc(MJM t(mbirntic4 PO#u
bTr" Unus￿4[ or (ks¢nptsorLY.
Reca￿Oftl￿ uJI*reNl￿ts1x)n80f•1tym lsansktha1￿ *iltTh)tkndl Ur¢8ukn"ti￿ Inc]￿41r￿th￿lC
lo a M￿¢￿41 In￿[81&￿t￿l in tke Trttsiisk itiCTew4 the MOK
c(rnplwT￿ ifvith a law vr regul&tton Is froJtL the ¢￿¥S al￿ frnwdtons TEn￿ted m thc finHnci81 stakmejts. as
￿71] IK l¢*$ lJk¢ly ts) bvLaLe aWaTe of iE>*8rKts ofrKtrtompls￿tt Trt Tjsk is al%) ]ttegu]arsts
13123

BIOGUJNEA FOIJNDATION
INDEPRNDgPn AUDTIDRS. REPORTTOThE iiiiisfEZSOF BIOGUINEA FOUNDATION {co•tlllthed)
llLiryrescniatsLvL.
A a￿￿pt￿n ofow t¢sp)rthbdit*s foT the 8tklit of frthyial ststrrL¢ntsis I(￿ on the F￿&￿Id1 Rep
CouT*JI'$w¢bsiteal'.
. Th$ de￿n￿1)ll foTm$POrt olout a￿lI10[.S r¢wL
Us¢ ofour ￿POrt
Ths 1$ ma& sokli ￿ the cFArNable cmpaoy'&Tn¢mLErs. in ￿ ￿the1Mpter 3 ofPart 16 of
Compruw Ad 2￿6 (kn a￿]it w<*k ba3 thak K W8ILt clwL"tsble companfs members
tbosemdtters TEqurwJtosratets>tkn UjanAudi￿SYeprtauI forno ￿le[p￿pose. To the fuuest e¥t¢llt petmilled
by knw, do n9tacworass￿￿ert¥X)￿*bIJty ￿8￿>￿t￿￿k0￿chmthb1¢CQMp￿ d¥yntabkcomp￿1
members as a ¥xyly. for tyulit wvrk. for tFd8 reixK or forthe optt)EOD5 h•v¢ fonne
Ho4¢r {Sem'u Staw
For aTrJ on irhalt'of l.Je1￿8¢ints'rf LLP. StsbAOry A￿l￿Or8
10 Strtet PLqce
Lordon
EC4R IAQ
31 August 2022
Doi¥"

BIOGULNEA FOUNDAT10Tr4
STATEMENf OF FJflANCIAL ACrIV￿ FOR YLaR F14DED 31 DECEMBER 202k
Fun
Tot812021
Totsl 2020
INCOME AND
ENDOWMENIS FROM
Project knthn8
Investyert Ittome
TOTAL INCOME
429.553
101218
13.1)93
IlSJll
531.771
202.930
2273)
2￿,657
429553
544.864
EXPENDrruRE ON
RaisJn8 fiJrtd8
Chanlabl¢ d¢v￿1￿$
(42.289)
(42.289)
183.130)
210.486
289.8iO
NET (EXPINDmJR%V
INCOME BEFORE GAIF48
ON INVXSTMKNTS
367571
(33.193)
334J78
(89.1931
(hins on uivstmerA8
406,789
170J94
NET f*lOVEMENf IN
3(77
71
21655
3.141.454
TOTAL FUNDS AT 31
Dèc•M￿r 2D21
1451.743
4*J27
121.752 4.02lf22
3,222,655
n¢nl hJrAIs
Tkne no k}￿ fort1* )Y8rexthl 31 Detemi*r 3)21 •tylyetrothl 11 20200th
than tly)se siy)wn
￿1¢5 OTAP8es l9ts) 11 frJ))I pw1ofl1￿

BIOGUENEA Fouf4DATION
BALANCE SREXT AS AT 31 DECEMBER 2021
31 DEc¢mt¢r
31 Dtcemher 2112
Note
Fixe4
34J71
3531986
18.610
3.069,290
D¢￿01$
CashAttFe
171
176.019
482,122
CREDrroRS' amount witrin0￿ )r•r
(25.657)
(41.465)
NET CURRENT
546.465
134,725
TOTAL ASSET8 LESS cuRREr￿ LIABILTfiLS
3 222 655
CHARrrY FUNDS
Restncl•J f￿￿S
unrestr*(￿ fittkls
49).327
121.752
3451.743
82.756
154.945
2 984 954
655
fJnarnw] Jthtatt¢r*siwr¢ qorowj ats1awl￿Oea foTi** by ¥h¢B￿l￿OI¥j 22 August 2022
PBUI Rotffi Si
Ch8man of the Il¢xrd
ThxK*¢$ Q)n p8ey 19 &) 11 Fim Iwl
ComFony Rw'*J8tson No 7574245

BIOGUINKA FOUf4DATION
CASH FLOW srATIm￿ FOR THE Ef4DED 31 DECEMBER 21121
N¢t llow$ frojn Dptrdlkng •c¢lvltks
52&025
(S3.1(￿)
C41h frotn IbveitlDK
Nel investillerrts a¢qLnred
(997.727)
P￿¢￿$¢ of Ixopert.I'. pl￿1 £tod
Net tuh provl&d byl {uJ¢d In) IDI.eAd￿ *erfvttl¢¥
(25.Oli)
(21.922)
{997.727)
ca￿ movem¢tyts tht yur
3(%5.103
833
Cash aryl r4sh equivakths It of tl
176.019
1.226,852
4￿]23
J7A019
Rteobelll•tioB Df D¢1 movement ID
Net movemert
Net on Inve&mont5
801.167
{40&789)
81201
1170.-1941
9.181
(15.￿)
27.077
328,ft11
AD*lyili of ￿1￿ iDd c*th eq￿nIents
Cash ￿[d ai
122
176,019
481122
17&019
17121

BIOGUINZA FOUNDATIOFI
PlfyfESTO THE FTr4ANCIAL ￿ATE￿￿Th FOR TItÉ YLIR Ef4DED31 DECEMBER 2021
AcCOuNT￿G POLICILS
1.1 ￿*]• of prepantltsn Df fjaanci¥l st4temeDts
Reprn Starklllrd appI]￿b￿ UK aTKI Repthlic of l¥rlgnd- (chart￿ SORTr IFRS102). seeormj ￿1)llon
¢ffetttve l Janw 2020), tlr ￿n&T￿1R￿1Jng SiaDdatdatTtrlxat4¢m th¢ UK a￿RePubb¢0r Ir¢land (FRS 102)
4Th4 th¢ Cotrnp*tbes Aet 2(
The ¢h&ntv meets the ora Put4￿ entiiy FRS 101 liabihtra ￿ initi8lly rwnz¢d at
Golwg CoDcerii
The B¢8rd of1'n￿e¢S is ofthe r4)u•on th&t tl* ￿￿￿"ti. hL8*wieresMrn ormxaiioMI exi#2tKe
for thB fornseeable tkn rK• motK7iai ￿¥<￿￿11¢5 r¢Ba￿ ts Tru￿5 abl]1￿ w do $0 as
pa8¢ 10
1.2 Cott1￿0). status
The c¢xTr￿ny 1$ a ¢¢fflpany bmited lry 8￿￿￿eaTh3 thx8 Mi slMr¢ capithl. Ill LI'K
otthr COrnFony ￿1r4 up. ts IMi¥htv inr4￿or￿*￿Ua[￿￿I$ lunit•l to£1 wm¢mbBrof thecompony.
General and oF*TatsonaS are fitTrJs wFn¢h4Tr availahle fu use thwettsxi ofthÈ TnLtsJ ÈD
Dvsi8rtLted eothms¢ fu￿ I1￿ hNve wide by the of Tnjsttts for partLcuitsr
pwPO￿S, Tho alm and ￿ 0f￿h d¢￿8Th￿d furd 8re Id En th¢ &at¢mu*s. Board
kegtndd a¥e u*dinxcotdw MilhsF￿f￿ ￿￿)¢110rd Impo￿ bi. donorsor ￿th1¢h
¢hT8¢d A8ain5t ilJML Th¢ of cach rexrthl fityl •JE in the rp)tcs io the finwKEal
sknttment
the Chonty Imiil it ts fv]ly or*rol
in¢huJed rtteii'abje afyl trte•AThl thb￿" bv e4KDpm).. Is nm8ily wo
m￿lfi¢StiOn ofthE illte￿ or w•bkbi' dxt BarlL.
1.4 In¢oM•
Ail m¢om¢ Is ￿￿t￿1rd uj the sl&wnenLofpirnw￿] Acuyiim WI￿1￿* le8ally et¥rtlry] to the
Dona*d tho111￿5 &re altr* tt*comtw" wlm thJJ¢all thwdpllTty 18
cth<. Np JTrounLi arc trLltsleA r]ThIK￿] *xemeots for by volw)￿%
¢SLimaLe of the fina￿al wgt b)rn¢ bv di>￿ ))2t is 4￿￿￿able at¥1 me&%uTrble. Ne J]m¢ is
IW23

BlOGu￿4￿A Fouf4DATION
NOTES TO ThE FINANCIAL STATEME￿% POR THE YEAR ENDED 31 DECZblBER 2021
(continued)
Inc(xne tsx Twernbl¢ In ￿1￿￿(0 io don•tsa￿ ttcthved utKltr Gth Aid or deeds of covwt at the
t￿e of ts (5oDatioTr Ir￿e It￿￿Er&b￿ ID Tel&tson iti¢(BnE i5 wized ai time the
v¢sThi¢nT uwue is I￿VEtle.
1.5 Eip¢Trditure
all ctt%ts fordilociliontrj acthitie& VlTr*¥eeoststaunot be ¢JirerAi5' A￿lE￿tt￿l r&) tiw bav¢
aU{Ka￿l (x) a ¢ots**¢aA the of rt¥*)WC¢S.
1.6 T*i*tlon
1.7 Tanglble Ilxe41 *J*ti
TBuwbJe fiY¢d 45¥¢¢¥￿r st•wd8lctyi lea5de￿.￿lLQ tkpraat￿18p￿￿Jed¥iTak#c￿lEU1u1ed to wn* off
Furnit￿ fittJ¥•r¥l 4u•-3 yo
1.8 Eitlmates ADd Judgeweut
Eslttnales artd j￿1￿C￿e￿$ *e tovtuwlty ¢thied 8nd on ¢xwie]*¢ ar&] other ftt¥iors.
iticludin8 CXPCettstsosJs of CYCM8 thot ere rth utthttrc AltFfju8b tk¢se
¢l¢unale5 UTe Imjsed on the mL*e4 b)o￿ltd￿¢ of arno￿￿ eveth5 ty aCul￿ 8cTrMI nstslts ￿tImate1V diff
from ihex e*imntes. Tr truAee8 do tw col￿al¥ be atty #*Jm4t¢J aTrJ judFLllenis whth mav have 4
1.9 FlnxDclal IDitrumeDts
Tr Chantj. onlb ]iiixii￿s of a th•1 qwlify as￿$]¢ fiti8rn>91 irthknm)eDts.
EIAsic fmattcial LTLtr<nK mde •Thl other deb*n Cr￿.￿1$ ￿¢ am¢Jall)' r￿OgDAz￿ at IMn8&ctJon
atxi suTr￿U¢￿1} ￿t8￿ed ai iFA"r getde4a44 ￿u¢ The t￿r￿)ll0 of in￿ents knld by th¢ chority is
cluded at f8Ervalw.
ANALYS]S OF INCOMK
2•21
MAVA r¢ofvt
.191
412
13.093
j24.yn
78.028
(12731
In¥esb))ert irnome
Total

BIOGuifqEA FOUf4DATllOI4"
NOTES TO 117E FINAfqciAL STATEMEffTS FOR THE YL4R EI4DED31 DECEMBER2Q21
(¢ont¥nued)
COST OF CHAR￿ABL£ AcrKvrrrLS
21121
2•
DLre¢l costs. Corwltsnts
Dwect costs. OtlL
105.775
45.289
59.422
108.5¥1
132.861
4&402
Tot•1
210.486
289,8￿•
2020
Staff costs
S&lano5 and wo8es
Jal ¢0
36.426
5.716
26.936
18.3Y4
Totsl
142
SUPPORT COSTS
Costs
Ollke Costs
co
21
CoDsult*4
CoJ¢J Ollke Ca
GoFernaknte
Chttn¢able uciM¢ies
14
19
14
The avern8ernmkn ofemp>)yxsofthe CFAn'ty trrtye8rw￿212￿1O. 1).
ia•l be￿ri￿ oftr*Key maTrI8an￿ oftr* ￿re e99.678{2020. E88316). Tr key
m&Y•g¢mcnt p￿￿r*I com￿2¢ 8c¢rW FirnI￿aL & A(Imioiar•ti￿ orriLW. No ￿pI0v￿3
i).
2•21
9.182
14
201ZI

BIOGUINEA Fouf4DATION
NOTFST0171E F￿lANCIAL STATEMKIrtSFOR THE YEAM FMJED 31 DECEMBER242I
(wnt&DYt¢dl
4. TANGIBI￿ FIXED A&8ZT&.
fita￿£S 8•d
At 01 Jantmry 2021
A￿l￿or
AS 4t 31 D￿tsb￿ 2021
70.084
95.099
D£PR£CIATION
Atol Janufry 2021
CbIT￿ of the vear
As at 31 Dttthnl)or 2021
$1.444
NET BOOKVALUE
As 41.3 J ?￿7)
372
A5at 31 Ljgx4nb￿ 2(I20
*t3J
tlet•ib¢r X121
Ai*t31
DecembBr 2010
As*1 l kn￿￿2(￿]
Additsthl%
rhswJs&Js
Net inNrskneni
mark￿ vahje llt 31 tkc¢mFrtr 2021
l(W2
I.￿j.169
2,9Y)1,169
(l.Y)l.l69)
16
121
(3.093)
466.789
31 Dtrxthb¢r2021
1rt076
I901.169
As•t31
Deeember J12J
Aiit31
De¢emJxr 202D
I￿vejIMe￿I$ comprtst
F.quities ￿ld alfw￿￿
Lash ￿. marABer&t
323q745
2,935.W)
10? 241
DEBTORS:
Al *t 31 DÈréryber
Ai gt 31
202(1
171
171
21FLI

BIOGUJJ4EA FoufiDATIOli
NOTESTOThE FINANCIAL sfATEMErtTS FOR THE YEAR ENDED 31 DECEMBER 2(12E
(contknwedi
CREDITOR&.
A5at 31 De(tmt*r
21
Ai *131 LknknbEr
15.822
9.835
15.869
25596
41.4&8
￿ATEm&fIT OF FUNDS
Brought
ForY*rd
Inco]n¢
C*rrl¢d
Forwird
ExpeDdhur*
19W954
82,756
li4.945
RcStr￿ted f￿￿15
Unreslnct&l fjJE¥Js
3.451,743
450J27
121,752
429.55i
(61.9821
TOTAL
io
Bro*Kht
ForvKW
IDtomé
dpl
Expen￿￿
Porw*rd
Endowryl fiTh15
R¢tyictrd funds
1814.5
Ir7,7
239.194
3 1414S1
170J94
I24,￿￿
75.755
371
2,984.954
82.756
154945
(129346)
TOTAL
The b8]8￿¢ on T¥4ric*d fimd8rn dLwr.futhJ f<rM4lleh ¥yxneeNT*thtyn u 8tÉil DJ¢urrrA
ANALVSIS OPNtT ASSM
BETWEEfq FtJNDS
Emdo*•d Rtrtrf(t•d Unr¢itrkted
Tot￿ •t31
December 2121
Fixd Assets
Cutrent as*ts
Cr¢dllLYS". wilhmone ye•r
3.451.743
115.614
31.795
(25.657)
1.567.757
482.122
(25,657)
4SV27
TOTAL
3451743 ￿27
X•dowed R¢stri¢ted Unrutrltted
Total •t 31
D¢temhr 21120
Fix44 A￿ts
2.984,954
102.976
93.434
(41.465)
3.087.930
176.1
(41.465)
82.756
Cr¢diiws: dtr ts￿Y
TOTAL
82.7
3221fJ55

BIOGUINXA Fouf4DATION
NOTESTO THE FINANCIAL sfATEKEpn3 FOR THE YEAR Kf4DUI 31 DECEMBER 21121
Icontiuvd)
ENDED 31 DECEMBER 21)20
Total 2020
Total X119
Ntrtes
INCOME AND
Etyjo￿l donation
I¥oject ftmdll
Imiestmeijt
i.W).O(KJ
393.739
124.9)2
7&tr28
73
202.9J)
T(yfAL INCOME
1249D
75.753
2(k).657
1.48Q348
EXPENDfcuRE ON
Rm'8in8 funds
(83.130)
8i.130
Z64.1
264.199
TOTAL EXPENDfniRE
NET IEXPIP4DITUREy
INCOME BEFORE GAINS
ON INVEWhlENIS
{4.9
(84349)
(89.193)
1216,149
J7Q3
r4ET MOVEMEfryiN
170
81
1366.734
Totd fmlard
T(rrAL vuf4DS AT 31
December 2020
14
3 141454
l 774 720
954
3 141354