## ## ## ## ||||||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| ||||||CI
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dl| |---|---|---|---|---|---|---|---|---|---|---| ## ## ## ## ||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| ## ## ## ##