| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating the |
director's | report) | |||
| Independent auditor's |
report to | the members | 12 | ||
| Statement of financial |
activities | (including | income and | ||
| expenditure account) |
|||||
| Statement of financial |
position | 19 | |||
| Statement ofcash flows |
20 | ||||
| Notes to the financial | statements | 21 | |||
| The following pages |
do not form part ofthe financial statements | ||||
| Detailed statement of |
financial | activities | 37 | ||
| Notes to the detailed | statement | of financial | activities | 39 |
| Reference | and adm | inistrative d |
inistrative d |
etails | etails | etails | etails | ||
|---|---|---|---|---|---|---|---|---|---|
| Registered | charity | name | The Brazzaville Foundation |
||||||
| Charity registration | number | 1160693 | |||||||
| Company | registration | number | 09176062 | ||||||
| Principal office | 17Oval Way | ||||||||
| London | |||||||||
| SE115RR | |||||||||
| Registered | office | 17Oval Way | |||||||
| London | |||||||||
| SE115RR | |||||||||
| The trustees | |||||||||
| Mr Jean-Yves Ollivier | |||||||||
| Mr Nicholas J Chance | (Resigned | 31 October 2021) | |||||||
| Mr Oliver Scutt | (Resigned | 15September 2020) | |||||||
| Mr Charles A Carr |
|||||||||
| Mr Kishore Sakhrani | (Appointed | 15September 2020) | |||||||
| Mr Tim Perry | (Appointed | 15September 2020) | |||||||
| Mrs Martine Chayrigues | (Appointed | 15September 2020) | |||||||
| Auditor | Hicks and Company | ||||||||
| Chartered accountants |
& | statutory | auditor | ||||||
| Vaughan Chambers |
|||||||||
| Vaughan Road |
|||||||||
| Harpenden | |||||||||
| Hertfordshire | |||||||||
| AL5 4EE | |||||||||
| Bankers | Metro Bank PLC | ||||||||
| One Southampton | Row | ||||||||
| London | |||||||||
| WC1BSHA | |||||||||
| Solicitors | Bates Wells Braithwaite | ||||||||
| 10Queen Street Place | |||||||||
| London | |||||||||
| EC4R 1BE |
| Year to | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Period from | 2 Apr 20to | 31 Dec 20 | 1 Apr20 | ||||||
| Unrestricted | Restricted | ||||||||
| funds | funds | Total funds | Total funds | ||||||
| Note | 2 | 2 | 2 | 2 | |||||
| Income and | endowments | ||||||||
| Donations and legacies |
5 | 206,896 | 295,700 | 502,596 | 904,212 | ||||
| Investment | income | 6 | 435 | 435 | 639 | ||||
| Total income | 206,896 | 296,135 | 503,031 | 904,851 | |||||
| Expenditure | |||||||||
| Expenditure | on raising funds: | ||||||||
| Costs | of raising | donations | and | ||||||
| legacies | 7 | 27,121 | 12,058 | 39,179 | 45,130 | ||||
| Expenditure | on charitable | activities | 8,9 | 200,023 | 322,755 | 522,777 | 814,553 | ||
| Total expenditure | 227,144 | 334,813 | 561,956 | 859,683 | |||||
| Net (expenditure)/income | and | net | |||||||
| movement | In funds | (20,248) | (38,678) | (58,925) | 45,168 | ||||
| Reconciliation offunds |
|||||||||
| Total funds | brought | forward | 190,791 | 73,502 | 264,293 | 219,125 | |||
| Total funds | carried | forward | 170,543 | 34,824 | 205,367 | 264,293 |
| 31 December 20 | 20 | |||
|---|---|---|---|---|
| 31 Dec 20 | 1 Apr 20 | |||
| Note | 2 | 6 | ||
| Fixed assets | ||||
| Tangible fixed assets | 15 | 9,833 | ||
| Current assets | ||||
| Debtors | 16 | 19,696 | 39,712 | |
| Cash at bank and in | hand | 210,103 | 485,483 | |
| 229,799 | 525,195 | |||
| Creditors: amounts | falling due within one year | 17 | 34,265 | 260,902 |
| Net current assets | 195,534 | 264,293 | ||
| Total assets less current liabilities | 205,367 | 264,293 | ||
| Net assets | 205,367 | 264,293 | ||
| Funds ofthe charity | ||||
| Restricted funds | 34,824 | 73,502 | ||
| Unrestricted funds |
170,543 | 190,791 | ||
| Total charity funds | 20 | 205,367 | 264,293 |
| 31Dec20 | 1 | Apr20 | ||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net (expenditure)/income | (58,925) | 45,168 | ||||
| Adjustments for: |
||||||
| Depreciation oftangible fixed assets |
652 | |||||
| Government grant income |
(10,000) | |||||
| Other interest receivable and similar income |
(435) | (639) | ||||
| Accrued (income)/expenses | (47,408) | 53,074 | ||||
| Changes/n: | ||||||
| Trade and other debtors | 20,016 | 23,632 | ||||
| Trade and other creditors | (179,230) | 198,354 | ||||
| Interest payable and similar |
charges | 6,706 | ||||
| Cash generated from operations |
(275,330) | 326,295 | ||||
| Interest paid | (6,706) | |||||
| Interest received | 435 | 639 | ||||
| Net cash (used in)/from operating activities |
(274,895) | 320,228 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible assets | (10,485) | |||||
| Net cash used in investing |
activities | (10,485) | ||||
| Cash flows from financing | activities | |||||
| Government grant income |
10,000 | |||||
| Net cash from financing activities |
10,000 | |||||
| Net (decrease)/increase in |
cash and cash | equivalents | (275,380) | 320,228 | ||
| Cash and cash equivalents | at beginning | of period ended | 485,483 | 1 | 65,255 | |
| Cash and cash equivalents | at end of period ended | 210,103 | 485,483 |
| Donations | and leg | acies | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| 2 | ||||||
| Donations | ||||||
| Donations | UK | 122,175 | 122,175 | |||
| Donations | non-UK | 196,896 | 173,525 | 370,421 | ||
| Grants | ||||||
| Government | grant | income | 10,000 | 10,000 | ||
| 206,896 | 295,700 | 502,596 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| Donations | ||||||
| Donations | UK | |||||
| Donations | non-UK | 401,256 | 502,956 | 904,212 | ||
| Grants | ||||||
| Government | grant | income | ||||
| 401,256 | 502,956 | 904,212 |
| received an | d thus the reserv | es ofthe charity by 2 | 192,249as at 31 De | cember 2020 | . | |
|---|---|---|---|---|---|---|
| 6. | Investment | income | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| 2 | 6 | |||||
| Bank interest receivable | 435 | 435 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| Bank interest receivable | 347 | 292 | 639 | |||
| 7. | Costs of raising donations | and legacies | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| 6 | ||||||
| 27,121 | 12,058 | 39,179 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| 45,130 | 45,130 |
| Expenditure o |
n charitable activities | by fund type | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| 2 | |||||
| Sub-standard | and falsified medicines | &Youth | |||
| Engagement | 15,837 | 181,845 | 197,682 | ||
| Advisory Board meeting |
1,006 | 1,006 | |||
| Charitable activities - programmatic |
development | 2,069 | 2,069 | ||
| Conflict Prevention | 1,466 | 1,466 | |||
| Environmental | Conservation | 5,239 | 5,239 | ||
| Ambassadorial | project | 3,309 | 3,309 | ||
| African Young | Talents Projects | 4,635 | 4,635 | ||
| Support costs | 166,462 | 140,910 | 307,371 | ||
| 200,023 | 322,755 | 522,777 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| Sub-standard | and falsified medicines | &Youth | |||
| Engagement | 286,065 | 336,502 | 622,567 | ||
| Advisory Board meeting |
24,208 | 24,208 | |||
| Charitable activities - programmatic |
development | 14,485 | 14,485 | ||
| Conflict Prevention | |||||
| Environmental | Conservation | ||||
| Ambassadorial | project | ||||
| African Young | Talents Projects | ||||
| Support costs | 60,049 | 93,244 | 153,293 | ||
| 384,807 | 429,746 | 814,553 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2020 | 2020 | ||
| Sub-standard | and falsified medicines | ||||
| &Youth Engagement | 197,682 | 187,093 | 384,775 | 754,858 | |
| Advisory Board meeting |
1,006 | 1,006 | 30,088 | ||
| Charitable activities - programmatic |
|||||
| development | 2,069 | 2,069 | 14,485 | ||
| Conflict Prevention | 1,466 | 4,902 | 6,368 | ||
| Environmental | Conservation | 5,239 | 12,619 | 17,858 | |
| Ambassadorial | project | 3,309 | 35,187 | 38,496 | |
| African Young Talents Projects | 4,635 | 28,534 | 33,169 | ||
| Governance | costs | 39,036 | 39,036 | 15,122 | |
| 215,406 | 307,371 | 522,777 | 814,553 |
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| Net (expenditure)/income | Net (expenditure)/income | Net (expenditure)/income | is stated after charging/(crediting): | |||
|---|---|---|---|---|---|---|
| 31Dec 20 | 1 Apr 20 | |||||
| Depreciation | oftangible | fixed assets | 652 | |||
| Foreign | exchange differences | 2,049 | 1,372 | |||
| 12. | Auditors | remuneration | ||||
| Period from | ||||||
| 2 Apr 20to | Year to | |||||
| 31 Dec 20 | 1 Apr 20 | |||||
| Fees payable | for the audit ofthe financial statements | 3,960 | 3,960 |
| The total | staff costs | and | employee | employee | employee | benefits for the reporting | benefits for the reporting | benefits for the reporting | period are analysed as |
period are analysed as |
follows: | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period from | ||||||||||||
| 2Apr20to | Year | to | ||||||||||
| 31 Dec 20 | 1 Apr | 20 | ||||||||||
| Wages and salaries | 156,533 | 147,164 | ||||||||||
| Social security costs | 12,768 | 12,953 | ||||||||||
| Employer | contributions | to pension | plans | 1,527 | 1,298 | |||||||
| 170,828 | 161,415 | |||||||||||
| The average head |
count of | employees | during | the period | ended | was 4 (2020: 3) | The average | |||||
| number of full-time |
equivalent | employees | during | the period | ended is analysed as | |||||||
| follows: | 31Dec 20 | 1 Apr | 20 | |||||||||
| No. | No. | |||||||||||
| Number | of staff - Administration | 2 | 1 | |||||||||
| Number | of staff - Charitable | activities | 2 | 2 | ||||||||
| 4 | 3 | |||||||||||
| The number ofemployees |
whose | remuneration | for the year | fell within the following | bands, were: | |||||||
| 31 Dec20 | 1Apr20 | |||||||||||
| No. | No. | |||||||||||
| 270,000 | to 279,999 | 1 | ||||||||||
| 280,000 | to 289,999 | 1 | ||||||||||
| 1 | 1 |
| 15. | Tangible fixed asset | s | ||||
|---|---|---|---|---|---|---|
| Equipment | ||||||
| Cost | ||||||
| At 2 April 2020 | 1,059 | |||||
| Additions | 10,485 | |||||
| At 31 December 2020 | 11,544 | |||||
| Depreciation | ||||||
| At 2 April 2020 | 1,059 | |||||
| Charge for the period | ended | 652 | ||||
| At 31 December 2020 | 1,71 1 | |||||
| Carrying amount |
||||||
| At 31 December 2020 | 9,833 | |||||
| At 1 April 2020 | ||||||
| 16. | Debtors | |||||
| 31 Dec 20 | 1 Apr 20 | |||||
| Prepayments and accrued income |
7,992 | 32,072 | ||||
| Other debtors | 11,704 | 7,640 | ||||
| 19,696 | 39,712 | |||||
| 17. | Creditors: amounts | falling due within one year | ||||
| 31 Dec 20 | 1 Apr 20 | |||||
| 2 | ||||||
| Trade creditors | 24,638 | 11,601 | ||||
| Accruals and deferred | income | 9,627 | 57,034 | |||
| Other creditors - Owed | to Jean-Yves | Ollivier | 192,249 | |||
| Other creditors | 18 | |||||
| 34,265 | 260,902 |
| Government | Government | Government | grants | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The amounts | recognised | in the financial statements | for | government | grants are as follows: | |||||
| 31 Dec 20 | 1 Apr | 20 | ||||||||
| 2 | ||||||||||
| Recognised | in income from donations | and legacies: | ||||||||
| Government | grants income | 10,000 | ||||||||
| Analysis | of | charitable | funds | |||||||
| Unrestricted | funds | |||||||||
| At | At | |||||||||
| 2 April 2020 | Income | Expenditure | 31Dec | 20 | ||||||
| 2 | 2 | |||||||||
| General | funds | 190,791 | 206,896 | (227,144) | 170,543 | |||||
| At | At | |||||||||
| 2 April 2019 | Income | Expenditure | 1 April 2020 | |||||||
| 2 | ||||||||||
| General | funds | 219,125 | 401,603 | (429,937) | 190,791 | |||||
| Restricted | funds | |||||||||
| At | At | |||||||||
| 2 April 2020 | Income | Expenditure | 31Dec | 20 | ||||||
| E | 2 | |||||||||
| Sub-standard | & Falsified Medicines | |||||||||
| Restricted | Fund | 73,502 | 296,135 | (334,813) | 34,824 | |||||
| At | At | |||||||||
| 2 April 2019 | Income | Expenditure | 1 April 2020 | |||||||
| 2 | 2 | 2 | ||||||||
| Sub-standard | & Falsified Medicines | |||||||||
| Restricted | Fund | 503,248 | (429,746) | 73,502 |
| 21. | Analysis | of net as | se | ts betwe | en | funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||||||||||
| Funds | Funds | 2020 | |||||||||||||
| 2 | f | 2 | |||||||||||||
| Tangible | fixed assets | 9,833 | 9,833 | ||||||||||||
| Current assets | 194,975 | 34,824 | 229,799 | ||||||||||||
| Creditors | less than | 1 | year | (34,265) | (34,265) | ||||||||||
| Net assets | 170,543 | 34,824 | 205,367 | ||||||||||||
| Unrestricted | Restricted | Total Funds | |||||||||||||
| Funds | Funds | 2020 | |||||||||||||
| Tangible | fixed assets | ||||||||||||||
| Current assets | 398,619 | 126,576 | 525,195 | ||||||||||||
| Creditors | less than | 1 | year | (207,828) | (53,074) | (260,902) | |||||||||
| Net assets | 190,791 | 73,502 | 264,293 | ||||||||||||
| 22. | Financial | instruments | |||||||||||||
| The carrying amount |
for each | category of financial | instrument is as follows: |
||||||||||||
| 31 | Dec 20 | 1 Apr20 | |||||||||||||
| 2 | |||||||||||||||
| Financial | assets that are debt | instruments | measured | at amortised | cost | ||||||||||
| Financial | assets that | are debt | instruments | measured | at | amortised | |||||||||
| cost | 19,696 | 39,712 | |||||||||||||
| Financial | liabilities | measured | at amortlsed | cost | |||||||||||
| Financial | liabilities | measured | at | amortised | cost | 34,265 | 68,635 | ||||||||
| Loan commitments | measured | at cost less | impairment | ||||||||||||
| Loan commitments | measured | at cost less impairment | 192,249 | ||||||||||||
| 23. | Analysis | ofchanges | in net debt | ||||||||||||
| At | |||||||||||||||
| At 2 Apr 2020 | Cash | flows | 31 Dec2020 | ||||||||||||
| 2 | 2 | ||||||||||||||
| Cash at | bank and in hand | 485,483 | (275,380) | 210,103 |