OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Brazzaville Foundation

2024-12-31-accounts

COMPANY REGISTRATION NUMBER= 09176062 CHARITY REGISTRATION NUMBER: 1160693 The Brazzaville Foundation Company Limited by Guarantee Financial Statements 31 December 2024 HICKS AND COMPANY Chartered accountants & statutory auditor Vaughan Chambers Vaughan Road Harpenden Hertfordshire AL5 4EE

The Brazzaville Foundation Company Limited by Guarantee Flnanclal Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the direclor's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 14 20 Statement of financial position 21 Slatement of cash flows 22 Notes lo the financial statements 23

The Brazzaville Foundation Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present Iheir report and the financial staiements of the charity for the year ended 31 December 2024. Relerence and admlnlsiraiive detalls Reglslered charlty name The Brazzaville Foundation Charlty reglsiratlon number 1160693 Company reglstrallon number 09176062 Prlnclpal offlce 36137 Vintage House Albert Embankment London SE17TL Roglslered offlce 36137 Vintage House Albert Embankmenl London SE17TL The trustees Mr Jean-yves Ollivier Mr Kishore Sakhrani Mrs Martin8 Chayrigues Mr Philippe Jonnart Mr Olivier Armand Prol. Francois Tron Audltor Hicks and Company Chartered accountants & statutory auditor Vaughan Chambers Vaughan Road Harpenden Hertfordshire AL5 4EE Bankers International Business Bank Togo 169 Boulevard du 13 Janvier BP 363 Lome Republic of Togo M2 3AZ Metro Bank PLC One Southampton Row London WC18 SHA Sollcltorg Bates Wells Braithwaite 10 Queen Street Place London EC4R 1 BE

The Brazzaville Foundation Company Llmlted by Guarantee Trustees. Annual Report {Incorporatlng the Dlrector's Report) (conNnued) Year ended 31 December 2024 Slruclure9 governance and management The Foundation Is an independent, non-profit organisation based in London. 11 takes its name and inspiration from the Brazzaville Protocol, signed In 1988 in the Congolese capital. A key moment in the history of modern Africa, this was an example of negotlations led by Africans themselves. leading to the peaceful resolution of conflicts in Southern Africa. They paved the way for Nelson Mandela's release, Namibia's independence, and the end ol Apartheid. This annual report covers the year from 1 January to 31 December 2024. Legal Objects The Foundation was formed as a Company limited by Guarantee incorporated on 14 August 2014 with company number 9176062. The Company was registered as a charity with the Charity Commission on 27 February 2015 with charlty number 1160693. The name of the Foundation was changed from the Brazzaville Foundation for Peace and Consepdation to The Brazzaville Foundation by a Special Resolution dated 22 November 2018. The Articles of Association, as amended by Special Resolutions dated 18 February 2015 and 22 22 November 2018, deline the company as being restricted specifically to: the promotion of national and international conflict resolution and reconciliation for Ihe public benefit with a view to relieving suffering and poverty and promoting human rights and religious and racial harmony by mediating with parties to the conflict and others together to discuss possible solutions; the saving of lives, the advancement ol health, the relief of need, and the preservation and conservation for the public benefit of the physical and natural environment including landscapes, flora and fauna and the furtherance of other purposes recognised as charilable under English law, in particular (but without limitation) in areas affected by conflict around the world, and provided that all activities shall be balanced and shall maintain or enhance the charity's commitment to remaining independent and impartial.

The Brazzaville Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 December 2024 Slruclure9 governance and management (contlnued) Royal Patron From the commencement, HRH Prince Michael of Kent has been the patron ol the Foundation and has devoted considerable time to its activities. Trustees, Governance and Administration The Articles of Association provide that there should be at least three Trustees who shall serve for a renewable term of three years. The Trustees, who are also direciors of the company, are not remunerated for their trusteeship and details of Trustee expenses and any related party Iransactions are disclosed in the notes to the accounts. The Board of Trusteas. main role is to ensure that the Foundation's vision and mission are prop8rly fulfilled through the establishment of appropriate long-term and annual strategic plans and the proper implementation of these strategic plans. It is chaired by Mr Jean-yves Ollivier, who has been engaged in conflict resolution in Africa for more than thirty-five years and supported by an experienced international Advisory Board. The other trustees are Mrs Martine Chayrigues (France), Mr Kishore Sakhrani (Hong Kong), Mr Philippe Jonnart also Treasurer (Switzerlandl, Mr Olivier Armand (Belgium) and Prof FranGois Tron (Franca). Administering the day-to-day operation of the charity and Its staff is Mr Foulo Basse who holds the position of Chief Executive. The Foundation is committed to maintaining the highest slandards of integrity and ethical behaviour in all its activities. All those working lor the Foundation or associated with it are expected to uphold those standards.

The Brazzaville Foundation Company Llmlted by Guarantee Trustees, Annual Report (Incorporating Ihe Director's Report) (contlnued) Year ended 31 December 2024 Slructure. governance and management (contlnued) Advisory Board The Foundalion has established a board of advisors made up of distinguished individuals whose experience and expertise in different fields enable them to give guidance to the Foundation and assist it in its work. The Advisory Board members play no role in the governance of the charily nor in its administration. The Advisory Board members are: rf Chief Olusegun Obasanjo, former President of Nigeria. rf Hon. Kgalema Motlanthe. former President of South Africa; Dr Joyce Banda, former President of Malawi; Hon. Kabine Komara, former Prime Minister of Guinea; Hon. Amama Mbabazi, former Prime Minister of Uganda,. rf Dr Nakedi Mathews Phosa, a leading member and former Tr8asur8r General of the ANC in South Africa., o par Stenback, former Secretary General of the International Federation of Red Cross and Red Crescent Societies., O Jan Kohout, former Foreign Minister of the Czech Republic., 4 Jean-Louis 8ruguière, former French counter-terrorist judge,. O Ilmas Futehally, Executive Director of the Strategic FO￿Sight Group,. O HSH Prince Philipp ol Liechtenstein, Chairman ol the LGT Group O Dr Sundeep Waslekar, President ol the Strategic Foresight Group. 2024 Appointment ot Advisory Board members: / Dr Zinhle Mandela-Dlamini, Director of Newshell 1186 and Newshell 1198, South Africa O Prof Moustafa Mijiyawa, former Minister of Health, Togo 0 Najib Gouiaa, Chief Executive Officer at Mediacity, Mauritius rf Alessandra Morelli, Former delegat8 of the United Nations Refugee Agency Tribute to Essy Amara. The Brazzaville Foundation and its Founding Chairman, Jean-yves Olllvier, had learned with deep sadness of the passing of His Excellency Ambassador Essy Amara, which occurred on 8 April 2025 in Abidjan. Amara Essy, Amara Essy, former Secretary General of the OAU, had done the Brazzaville Foundation the honour of serving on its Advisory Board. His voice-measured, principled, and deeply humanistic-greatly enriched our thinking. His unwavering commitment to peacebullding and conflict resolution. t)oth on the African continent and internationally, remained a constanl source of inspiration to all who had the privilege of working with him. He also honoured us with his presence at the Lomé Summit on the fight against fake medicines in 2020.

The Brazzaville Foundation Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (eontlnuod) Year ended 31 December 2024 Structure, governance and management (contlnued) Risk Management The Trustees have a risk management strategy which includes annual review of the risks to which the charity is exposed, and the establishment and implementation of systems and procedures designed to mitigate the impact on the charity of the risks identified. Key elements of the strategy include: The implementation of procedures for Ihe authorisation of all financial transactions and the incurring of financial obligations. The setting of a reserves policy and its regular review by the Trustees. The agreement of an annual budget which is regularly reviewed. The regular monitoring of geostrategic and geopolitics risks related io operating in African countries and the consideration of the impaci of the media and the effect on the Foundation's reputation. The Foundation endeavours to constantly improve its financial, budgetary and accounting management tools. Oblectlves and actlvltles Mission Statement The Brazzaville Foundation promotes and supports African initiatives. Its vision forthe luture is to enable African leadership in all sectors in which it can be exercised {public, private, civil society), wlth a view to contributing to African solulions to the challenges lacing the continent. The Foundation supports leaders (opinion and decision-makers. influencers, groups or individuals) who share ils vision and mission. The work programmes are designed to support Ihe African Union's Agenda 2063 and the achievement of the United Naiions Sustainable Development Goals (SDGS). The Brazzaville Foundation aims to find African solutions to the major challenges of the continent and give them a long-lasting impact in the following areas of work: Peace facilitating the intra-Libyan dialogue and resolving iniernational conflicts. Environment - preseNing the planet's second lung, the Congo basin. Health fostering access to quality medicines and fighting against medicines that kill and Foresight- building a new approach to democratic governance and supporting young African talent. The Trustees hav8 paid due regard to the Public Benefit guidance issued by the Charity Commission in deciding what activities io undertake.

The Brazzaville Foundation Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) (contlnued) Year ended 31 December 2024 Programme of work for the year 2024 Since its creation, the Brazzaville Foundation has contributed to the design, promotion and support of African solutions to thg rnajor challenges facing Africa in the areas of peace, environment and health. Throughout the year ended 31 December 2024, the Foundation has worked on a wide range of issues and launched several major initiatives: The Marrakeeh M88tlng8: Europe-Afrlca Dlalogue The Brazzaville Foundation launched The Marrakech Meetings, a high-level forum aimed at redefining Africa-west relations through open and constructive dialogue, Bringing togeiher policymakers, diplomats, academics, and business leaders, the event focused on rebuilding trust and fosiering a fairer, more balanced partnership. Opened by H.R.H. Prince Michael of Kent, Royal Patron of the Foundation, and featuring a keynote address by H.E. Macky Sall. former President of Senegal, Ihe discussions highlighted growing misunderstandings. Ihe need for a renewed multilateral approach, and the importance of reinforcing African leadership in global governance, Participants emphasized the urgency of strengthening cultural and economic cooperation while identifying actionable steps to reshape Africa- West relations. The success of this first edition confirmed the demand for The Marrakech Meetings to become a recurring platlorm, reinforcing the Foundation's role as a key convener in international diplomacy. Worklng Aqeetlngs on Falslfled and Substandard Medlcal Productj {FSMP8) - Togo In Lomé, the Brazzaville Foundation's delegation led by the Founding Chairman, Jean-yves Ollivier held and composed by Prof FranGois Tron, Trustee and Foulo Basse, Chief Executive, had Siralegic meetings wilh Togolese authorities, including H.E. President Faure Gnassingbé, the Prime Minister Victoire Sidémého Tomégah-Dogbé, the minister of Health Moustafa Mijiyawa, to support Ihe national implementation of the Lomé Initiative. These exchanges assessed the legislative framework and reinforced high-level political commitment to combating falsified medicines. The Foundation's role as a facilitator helped deepen bilateral cooperation in public health governance. Intervlew on Tele8ud: Fa181f18d Medlclne8 and Afrlca-west Relallong In an exclusive interview called L'Entretien du Jour wlth journalist Adile Farquane on Telesud. Foulo Basse. Chief Executive of the Brazzaville Foundaiion, addressed Iwo pressing issues: the fight against substandard and falsified medical products {SFMPs) in Africa and Ihe evolving dynamics of Africa-wesi relations. Highlighting the Foundation's commitment to health security, he reiterated the urgenl need for stronger international cooperaiion and regulaiory enforcement under the Lomé Initiative, posilioning it as a key framework for addressing the crisis. The discussion also touched on growing geopolitical tensions and the necessity for a more balanced, inclusive and respectful partnership between Africa and Westem nations. This interview showcased the Foundation's role as a thought leader in both public health governance, advocacy and civil society diplomacy. Internatlonal Pharmaceutlcal Forum - Lomé: Panel on the fight agaln8t the SFMPS The Brazzaville Foundation took part in this regional forum on Africa's pharmaceutical general issues and also sovereignty. The Foundation held then a specific panel on the fight against the SFMPS. The Chief Executive presented progress on the Lomé Initiative and emphasized the urgency of combating substandard and falsified medical products. The Foundation showcased its work on advocacy in the regional health system.

The Brazzaville Foundation Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng the Dorector's Report) (¢onNnuod) Year ended 31 December 2024 1 $1 Technlcal Committee on Togo's Natlonal Plan Agaln81 Substandard and Falslf led Products (SFMPs)- Kpalimé- Togo Co-organised wilh the Togolese interministerial committee. this Committee of Technical Experts session aimed to improve the national strategy against falsified medicines. The Foundation facilitated expert input and ensured alignmenl with international best practices, strengthening its advisory function. In two working days, il brought together around twenty experts from WHO, ARC {Alrica Resource Center), HELEA Foundation, Togo, Ivory Coast and Senegal. The Committee of Technical Experts made some recommendations, and the main one are the lollowing three recommendations: • Establish a Togolese regulatory agency as soon as possible. • Obtain a signed decree for the establishment of the regulatory agency and issue anoiher decrae to protect the National Plan to combai substandard and lalsified medical producls. • Plan a launch evenl to gei started with both the national plan and the regulatory agency. Afrlk Impact "8rldges-lo-Afrlca" Award - Denver Jean-yves Ollivier received the 2024 "Bridges-to-Africa" award from the African Leadership Group (a nonprofit organization based in Colorado), recognizing his decades-long contributions to peace-making, mediation, and African dialogue. The award highlighted th8 Foundation's diplomatic legacy and its sustained commitment to building bridges through discreet, high-level engagement. In accordance to the African Leadership Group, Mr Ollivier has been distinguished °for his impact of the immense service rendered to Africa over decades, his humanist acts of altruism of a universal nature." 74th WHO Reglonal Commlttee for Afrlca - Brazzavllle At this WHO yearly session, the Foundation advocaled for improved coordination lo fight substandard and falsified products. lis participaiion reinforced partnerships with health ministries and confirmed its technical credibility in regional health discussions. Jointly with the Togolese Minister ol health, two main actions were carried out: • Showcase the work that has been done on the fight against the FSMP and the importance of good quality of dialysis, • Attract new partners of the Lomé Initiative, expand the network, and creaielreinforce partnerships. Future Reslllence Forum - London: Europe- Afrlca Dlalogue The Brazzaville Foundation co-organised Ihe opening roundtable of the Future Resilience Forum on North-south security cooperation, moderaied by its Founding Chairman Jean-yves Ollivier. The discussion gathered high-level figures, including H.E. Amama Mbabazi (former Prime Minister of Ugandal, H.E. Dr. Mamadou Tangara (Minister of Foreign Affairs of The Gambial, H.E. Moctar Ouane (former Prime Minister ol Mali), Michel Roussin {former French Minister ol Cooperation), Patrick Calvar (former Director of Ihe French General Directorate for Internal Security- DGSI), and Alassane Samba Diop {CEO of Emedia Group)- The roundtable explored Africa's role in the international securily order, advocating for trust-based partnerships. African-led solulions, and strengthened governance. The forum was officially opened by H.E. Macky Sall, former President of Senegal ang guest of the Brazzaville Foundation who delivered a keynote speech Siressing the urgency of building a renewed

The Brazzaville Foundation Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 December 2024 North-souih partnership based on mutual respe￿ and adapted solutions to global challenges, including terrorism, climate change, and migration crises. He also called for a reform of multilateral institutrons to better address Africa's needs and prevent the fragmentation of the international system. The whole workshop has been led by the Ministry of Health and the Brazzaville Foundation. To carry on all this work, the Ministry ot Health and the Brazzaville Foundation did promote a participaiory approach allowing close involvement of all the experts in the workshop. 2nd Technlcal Commlttee on Togo's Nallonal Plan Agalnst Substandard and Falslfled Products (SFMPs)-Kpallmé- Togo This 2nd Cornmittee aims to take into account the observations of the various stakeholders with a view to the final validation of Ihe national plan to combat substandard and falsified medical products (SFMPS). The following Specific objectives were carried out: • Revise the national plan to combat SFMPS: • Take into account the amendments proposed by all the stakeholders of the health system in Togo., • Propose a communications plan integrating strategic and community communications. All the participants ol Ihis 2nd Committee of Technical Experts were very enthusiast and fully involved in the wotl( during the 3 days. They did revise ihe national plan to combat SFMP. Successfully, they made som& strong recommendaiions which are basically similar to what have been made last July. The three main recommendations are the following: • Establish the Togolese regulatory agency as soon as possible. • Obiain a signed decree for the establishment of the regulatory agèncy and issuo another decree to protect the National Plan to combat substandard and falsified medical products. • Plan a launch event to get started with both the national plan and the regulatory agency expected to be held first months of 2025

The Brazzaville Foundation Company Llmlted by Guarantee Truslees. Annual Report {Incorporatlng the Director's Report) (contlnued) Year ended 31 December 2024 Finaneial revlew The Foundation received financial contributions from donors and partners of £654,948 (2023: £456,999) from: The Republic of Togo contributed to the Foundation's work programme in the development of the Lomé Initiative against falsified and substandard medical products in accordance with the agreemenl between the two parties. The Foundation ended the 2024 y8arwith the balance on the general funds of £222,645 {2023: a surplus of £22,325) Mr. Ollivier has personally mei all his own expenses incurred in his work on behalf of the Foundaiion. In the year 2024, these costs amounted to £138,644 {2023 £96,139). These expenses are treated as a pro bono donation in these accounts. The costs are mainly relaied: To organize forums and meetings lor the Foundation, To attend forums and various meetings. During the year, the Foundation did nol require loans from Mr Ollivier in order to assist with cash flow as it used to happen the previous years.

The Brazzaville Foundation Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) {contlnu6d) Year ended 31 December 2024 Plans for fuiure perlods Implementatlon of Ihe Lomé Inltlallve In 2025, Ihe Foundation will keep on developing the Lomé Initiative including accornpanying counlries in Ihe signature and Tatilicalion ol the MEDICRIME Convention lo ensure effective ¢riminalisation and encouraging other African countries to join. The Foundalion will continue the method modelling phase before spreading it to further signalory countries. This will include the enrichment of the methodology lo develop the national plan to combat substandard and falsilied medical product ISFMPI. In this case, the collaboration with Senegal is already formalized and started. One ol Ihe main interests in this partnership is that the Senegalese National Regulalory Agency is the only one in Irancophone countries in Alrica to obtain the WHO maturity level 3. Nexl $tepg In Ihe partnar8hlp wlth tha Natlonal Regul810ry Agency of Senegal. The Brazzaville Foundation and the Bill arKI Melinda Gales Foundation (BMGFI agreed lo work with Senegal as il is a priorlty country for BMGF as well. Overall Objectives ol the Partnership (BF & Senegalese NRA): 11 Lome Inilialive to Senegal

Share the Lome Initiative experience and help Senegal to build a Senegalese National Plan against lake medicines including communication and training. Help and facilitate the relationship between Senegal and MEDICRIME so that Senegal cand sign and ratify MEDICRIME. Hel Senegal to standardize the process of authorizing the opening or the decision to close a pharmacy on the basis ol real data. And other subjects to be delined. 21 Senegal to Lome Initiative member countries Share their experience wtlh WHO programs. Training Lome Initialive member counlries, specifically the new national Regulatory Agency of Togo Support the least advanced member counlries ol the Lome Inillallve In the standardization of marketing aulhorizalions lor medicines. And other subjects to be defined. Creatlon the 8razzavllle Foundallon Heallh & Envlronmenl Chalr The Foundation will devote a large part of ils aclivilies to create a Brazzaville Foundation Health & Environment Chair in partnership with lh8 Paris 1 Panlhéon.Sorbonnes University. The role of this Chair is to encourage the Iransler of knowledge. know-how and technologies to African countries, while promoting research. 11 is aimed al students, researchers and companies Iprivale or publicl in Ihe field concerned. in Africa and the Wesl. The 8razzaville Foundation Health & Environment Chair will focus its activities in three privileged and inlerdependent areas as follows: Axis 11: Health, in particular the light against substandard and falsified medical products ISFMPI and the impacts ol climate change and ecosystem degradation on the ernergence and prevalence ol diseases. Axis 21 Environment I Climate change - Implications for biodiversily loss. sustainable developmenl, peace and stability: axes aimed at promoting climate resilience and the potential of nature-based solulions. Axis 3} Transler of knowledge, know-how and technology lo Africa in re18vanl sectors. 10

The Brazzaville Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu8d) Year ended 31 December 2024 Golng concern The Trustees have reviewed the ongoing exponditure since the year end, together with the anlicipated income and expenses for the next twelve monlhs and are satisfied that it is appropriate to prepare the Foundation's accounts on the going concern basis. Since the year end Ihe Foundation's funds have returned to a surplus. R88eiv88 Pollcy The Foundation has a surplus on unrestricted reseNes at the end of the reporting period of £ 222,645 (2023: a surplus of £22,325). The aim is to maintain and grow the reserves such that the Foundation is holding ai least four monlhs. future operating cosls. 11

The Brazzaville Foundation Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 December 2024 Trustees, responsibilitles staiem8nt The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trusiees to prepare financial statements for each year which give a true and fair view of the stale ol affairs of the charitable company and the incoming resources and applicaiion ot resources, including the income and expenditure, for thai period. In preparing these financial statements, th8 trustees are required to: select suitable a￿OUntIng policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP. make judgments and accounting estimates that are reasonablé and prudent. slate whether applicable UK Accounling Standards have been followed, subjeci io any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charily will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position ot the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. This report has been prepared in compliance with the duty in Section 17{51 of the Charities Act 2011, to have regard to the public benefit guidance published by the Charity Commission. The trustees have adopted the provisions of Accounting and Reporting by Charities- Staiement of Recommended Practice for Charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (elleciive 1 January 20191. Audltor Each of the persons who is a trusiee at the date of approval of this report confirms thai: as far as they are aware, there is no relevant audit information of which the charity's auditor is unaware., and they have taken all steps Ihal they ought to have taken as a trustee to make themselves aware of any relevant audit inlormalion and to establish that the charity's auditor is aware of that information. 12

The Brazzaville Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (contlnu•d) Year ended 31 December 2024 The trustees, annual report and the strategic report were approved on 10 September 2025 and signed on behalf of the board of trustees by: Mr Philippe Jonnart Trustee 13

The Brazzaville Foundation Company Llmlted by Guarantee Independent Auditor's Report to the Members of The Brazzavllle Foundatlon Year ended 31 December 2024 Oplnlon We have audited the financial statements of The Brazzaville Foundation {the'charity') for the year ended 31 December2024 which comprise the statement of financial activities (including income and expenditure account). statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state ol the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expendilure, for Ihe year then ended. have been proporly prepared in accordance with United Kingdom Generally Accepied Accounting Practice. have been prepared in accordance with the requirements of Ihe Companies Act 2006. Basls for oplnlon We conducted our audit In accordance wilh International Standards on Auditing {UK} IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for Ihe audit of the financial siatemenis seciion of our report. We are independent of the charily in accordance with the ethical requirements that are relevant to our audit of the financial siaiements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Conclu8lon8 relallng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis ol accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability10 continue as a going concern for a period of at least bvelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 14

The Brazzaville Foundation Company Limited by Guarantee Independent Audltor's Report to the Members of The Brazzaville Foundation (¢oniinuedJ Year ended 31 December 2024 Olher Informallon The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, w8 are required to determine whether there is a material misstatement in the financial statements or a material misstalement of the other information. If, based on the work we have performed, we conclude thai ihere is a maierial misstatement ol this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by Ihe Companles Acl 2006 In our opinion, based on the work undertaken in the course of tha audit: the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the fi'nancial statements., and the trustees, report has been prepared in accordance with applicable legal requiremenls. Matters on whlch we are requlred to report by exceptlon In the light ol the knowledge and understanding ol the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect ol the following matters in relation to which the Companies Act 2006 requires us to report to you il, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Irustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. 15

The Brazzaville Foundation Company Llmlted by Guarantee Independent Auditor's Report to the Members of The Brazzaville Foundatlon (conllnuedj Year ended 31 December 2024 Responslbilitles of trustees As explained More fully in the trustees. responsibilities statement, the trustees (who are also ihe directors for the purposes of company law) are responsible for the preparation of the financial siatements and for being satisfied that they give a true and fair view, and for such internal control as ihe irustees determine is necessary to enable the preparation of financial statements thai are free from material misslatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis ol accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 16

The Brazzaville Foundation Company Llmlted by Guarantee Independent Auditor's Report to the Members of The Brazzavllle Foundation fcontlmmd) Year ended 31 December 2024 Audltor's responsibilities for the audlt of the flnanclal slatemenls Our objectives are to obtain reasonable assurance about whether the linancial statements as a whole are free from material misstatement. whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee thai an audit conducted in accordance with ISAS {UK) will always detect a material misstaiement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding ol the entity and sector in which it operatas, we identified the principal risks of non-compliance with laws and regulations relating to charitable companies and the application of charitable funds. We also considered those laws and regulations that have a direci impact on the preparation of Ihe financial statements. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We assessed the susceptibilily ot the charity's financial staiements to material misstatement, including obtaining an understanding of how fraud may occur, by making enquiries of the trustees and managemeni as to where they considered there was susceptibility to fraud and considering the internal controls in place to mitigate fraud risks and non-compliance with laws and regulations. In response lo the risk of fraud through management bias (including the risk of override of controls) and the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were nol limiled to: pertorming analytical procedures to identify unusual or unexpected transactions assessing whether judgemenls and assumptions made in determining accounting estimates were indicative of potential bias reviewed a sample ol transactions from the client's records for proper authorisation test checking the appropriateness of journal enlries agreeing financial statement disclosures to the underlying supporting documentation checking for correspondence with the Charity Commission reading the minutes of Trustees meetings checking for any actual and potential litigation and claims including inspecting legal cosis There are inherent limitations in our audit procedures outlined above. The more removed that laws and regulations are from financial transactions. the less likely it is thal we would become aware of non- compliance. Auditing standards also limit the audit procedures to identify non-compliance with laws and regulations to enquiry ol the trustees and olher management and the inspection of regulaiory and legal correspondence. if any. Material misstatements that arise due to fraud can be harder to delect than those that arise from error as they may involve deliberate concealment or collusion. We 17

The Brazzaville Foundation Company Limited by Guarantee Independent Audltor's Report to the Members of The Brazzaville Foundatlon (coniinuedj Year ended 31 December 2024 are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a rnaterial misstatemenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions. misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriaie in the circumsiances, but not for the purpose of expressing an opinion on Ihe effectiveness of the internal control. Evaluate the appropriaieness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the irusiees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude thal a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's r8POrt. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements representthe underlying transactions and events in a manner that achieves fair presentation. 18

The Brazzaville Foundation Company Llmlted by Guarantee Independent Auditor's Report to the Members of The Brazzaville Foundalion fconllnued) Year ended 31 December 2024 We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordance wilh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no Oiher purpose. To the lullest extent permitted by law, we do not accept or assume responsibility to anyone other than th8 charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. For and on lehalf of Hicks and Company Chartered accountants & statutory audiior Vaughan Chambers Vaughan Road Harpenden Hertfordshire AL5 4EE ILIP trsÉ+J 664 19

The Brazzaville Foundation Company Limited by Guarantee Statement of Flnanclal Actlvltles (including income and expenditure account) Year ended 31 December 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Investment income 654,948 727 654,948 727 456,999 225 Toial Income 655,675 655,675 457,224 Expendlture Expenditure on raising funds: Cosis of raising donations and legacies Expenditure on charitable activities Tolal expendlture 8,409 446,946 8,409 446,946 36,418 548,652 455,355 455,333 585,070 Nel (8xp8ndlture)Ilncome and n8t movement In funds 200,320 200,320 (127,846) Reconclllaiion ol funds Total funds brought forward Toial fund8 carrled forward 22,325 222,645 22,325 222,645 150,171 22,325 The staiement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aciivities. The notes on pages 23 to 34 form part ol those flnanclal slatoments.

The Brazzaville Foundation Company Llmlted by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Flxed assets Tangible fixed assets 16 330 669 Current asseis Debtors Cash at bank and in hand 17 4,851 237,801 242,652 7,617 121,579 129,196 Credltors: amounts falllng due wlthln one year Nel currenl assets 18 20,337 107,540 222,315 21,656 Toial asset8 less current Ilabllllle8 222,645 22,325 Net assets 222,645 22,325 Funds of the charlly Unrestricted funds 222,645 22,325 Total charlty funds 222,645 22,325 These financial statements were approved by the board of trustees and authorised for issue on 10 September 2025, and are signed on behalt of Ihe board by: Mr Philippe Jonnart Trust88 The notes on page 23 to 34 forni part of Ihese flnanclal slatements. 21

The Brazzaville Foundation Company Limited by Guarantee Statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operatlng acllvltles Net (expenditure)lincome 200,320 (127,846) Adjusiments for.. Depreciation of tangible fixed asseis Other inierest receivabl8 and similar income Accrued expenses 339 (727) 4,501 2,562 {225) 1,631 Changes in.. Trade and other debtors Trade and other creditors {2,836) (86,102> 115,495 (1,655) (25,639) (151,172) Cash generated from operations Interest received 727 225 Net cash (used in)Ifrom operating activities 116,222 (150,947) Cash flows from Investlng actlvlllos Purchase of tangible assets Net cash used in investing activities Net {decrease)Ilncreage In cash and cash equlvalentg Cash and cash equlvalenls at beglnnlng of year Cash and cash equlvalenls at end of year 116,222 121,579 (150,947) 272,526 121,579 237,801 The noles on page8 23 10 34 form part ol Ihe8e flnanclal slatements. 22

The Brazzaville Foundation Company Limited by Guarantee Notes to the Flnanclal Statements Year ended 31 December 2024 Gen8ral Informatlon The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 36137 Vintage House, Albert Embankment, London, SE17TL. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R8POrting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 1021) and the Companies Act 2006. Accountlng pollcl88 Baglg of preparatlon The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling, which Is the functional currency ol the entity. The amounts are rounded to the nearest pound, Golng concern At the time of approving the accounts Ihe Trustees have a reasonable expectation thai the Foundation has adequate resources io continue in operational existence forlhe foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing these accounts. Judgem8nt8 and key 80urceg of estlmatlon uncertalnty The preparation ol the linancial statements requires management to make judgements, estimates and assumpiions ihai affect the amounts reported. These estimates and judgemenis are continually reviewed and are based on experience and other factors, including expeclations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process ol applying the entity's accounting policies and that have a significant effect on the amounts recognised in the financial statements. Key sources ol esiimation uncertainty Accounling estimates and assumptions are made concerning ihe future and, by Iheir nalure, will rarely aqual the related actual outcome. There are no key assumpiions or Oiher sources of estimation uncertainty that have a significanl risk of causing a material adjustment to Ihe carrying amounis of assets and liabilities within the next financial year.

The Brazzaville Foundation Company Llmlted by Guarantee Notes to the Financlal Statements fconllnued) Year ended 31 December 2024 Accountlng pollcles (contlnu8dJ Forelgn currencles Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at Ihe date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translaied at the exchange rate ruling at the reporting date, wilh any gains or losses being iaken to the statement of financial activities. Fund accountlng Unrestricted funds are available for use at the discreiion of the trusiees to further any of the charily's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricied funds are subjected to restrictions on their expendilure declared by Ihe donor or through the terms of an appeal and fall into one of two sub-classes.. restricied income funds or endowment funds. The funds received in the year are considered by the Trustees to be unrestricied and are available for use at the discretion of the Trustees to further any of the charity's purposes. The Trustees have reviewed the activities of the charity and consider there to be four separate activities in the year (2023. four activities), the work on sub-standard and falsified medicines, partly run through an office In Togo set up for the purpose, work on conflict prevention in Africa, Environmental conservation in in Africa and other programm8 development including Civil Society support and Europe-Africa dialogue. Incomlng r8sources All income is included in thè statement of financial activities when entitlement has passed to the charily, it is probable that the economic benefits associated with the iransaction will flow to the charily and the amount can be reliably measured. The charity's income consists of donations receivable. The following specific policies are applied to particular categories of income: income from donations is recognised when there is evidence of entitlement to the gift, receipt is probabl8, and its amount can be measured reliably. donated facilities and services are recognised in the accounts when received if the value can be reliably measured, No amounts are included for Ihe contribution of general volunteers. 24

The Brazzaville Foundation Company Llmlted by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accountlng pollcles (¢onNnuod) Resources expended Expenditure is incurred in pursuit ol the charily's objects of peace and conservation and is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is classified under haadings of the stat8m&nt ol financial activities to which it relates. Expenditure on raising funds includes a percentage of the annual Advisory Board cosis and of the support costs allocaied to Ihe Advisory Board as discussed below. Expendilure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benelit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. All cosis are allocated to expenditure categories reflecting the use of the resource. Direci cosis attributable io a single activity are allocated directly to thai activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Opèraiing leageg Lease payments are recognised as an expense over iha lease term on a straight-line basis. The aggregate benefit ol lease incentives is recognised as a reduction io expense over Ihe lease term, on a straight-line basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the lair value at the date ol revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an assei as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge lor impairment that has previously been recognised as expendilure within Ihe statement of financial activities. A decrease in the carrying amount ol an assei as a result of revaluaiion, is recognised in other recognised gains and losses, except to which li ollsets any previous revaluation gain, in which case Ihe loss is shown wilhin other recognised gains and losses on the statement of financial activities. Depreclaiion Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment 33Q/rJ Straight line 25

The Brazzaville Foundation Company Llmlted by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accountlng pollcles (contlnued) Impalrment of flxed as8818 A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor possible reversal at each reporting date. For the purposes of irnpairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generaling unit to which Ihe asset belongs. The cash-generating unit is the smallest identifiable group of assets Ihat includes the asset and generales cash inflows that largely independeni of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisilion dale, allocated to each of the cash-generating units that are expecied io benelil from the synergies ol the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amounl receivable or payable including any related transaction cosis, unless the arrangement constitutes a financing transaction, where It is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or Oiherconsideration expected to be paid or received and not discounted, Debt instruments are subsequently measured at amortised cost. Financial asseis that are measured at cost or amortised cosi are reviewed for objective evidence of impairmeni at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under Ihe appropriate heading in the stalement of financial activities in which the initial gain was recognised. Any reversals of impairrnent are recognised immediately, to the exient that the reversal does not result in a carrying amount of the financial assel Ihat exceeds what Ihe carrying amount would have been had the impairment not previously been recognised. Deflned contrlbutlon plang Contribulions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the exlent that the prepayment wlll lead to a reduction in future payments or a cash refund. 26

When contributions are not expected io be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmiied by guaraniee The Brazzaville Foundation is incorporated as a company limited by guarantee noi having any share capital. Donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Oonatlons Donations non-UK 654,948 654,948 Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Oonaiions non-UK 357,697 99,302 456,999 As in prior years Mr Ollivier has met personally all of his own expenses incurred in his work on behalf of the Foundation. These expenses have been treated as pro bono. Investmenl Income Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 727 727 225 225 Costs of ralglng donallons and legacles Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 8,409 8,409 36,418 36,418 Costs invested in Fundraising include direct of costs of £Nil (2023 £10,837) relating in part to the activities of the CEO together with the costs of an external consultant. Support costs have been allocated to Fundraising on a time spent basis. As in 2023 no Advisory Board meeting took place, bul the CEO met and discussed issues on a regular basis with differeni members ol the Advisory Board. 27

  1. Expenditure on charitable activilies by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Sub-standard and falsifled medicines & Youth Engagement Charitable activities - programmatic development Conflict Prevention Environmenial Conservation Civil Society Support and other Programme Development Support costs 130,458 130,458 1,395 1,322 1,395 1,322 168,763 145,008 446,946 168,763 145,008 446.946 Unrestricted Funds Restricted Total Funds Funds 2023 Sub-standard and falsified medicines & Youth Engagement Charitable activities - programmatic development Conflict Prevention Environmental Conservation Civil Society Support and other Programme Development Support costs 56,564 99,302 155,866 102,861 41,012 102,861 41,012 64,807 184,105 64,807 184,105 548,652 449,350 99,302 In the year to 31 December 2024, as in the year ended 31 December 2023, all funds received wer8 unrestricted and have therefore been able to be applied in the most eflective mannerforlhe benefit of the activities of the Foundation. 28

Expendlture on charitable actlvilles by activity type Activities undertaken directly Support Toial funds costs 2024 Total fund 2023 Sub-standard and falsified medicines & Youth Engagement Charitable activities - programmatic development Conflict Prevention Environmental Conservation Civil Society Support and other Programme Development Governance costs 130,458 68,037 198.495 244,699 1,395 1,322 1,395 1,322 133,064 51,673 168,763 53,918 23,053 145,008 222,681 23,053 446,946 91,459 27,756 301,938 548,652 Governance and support costs exclude costs of £1,213 (2023., £3,785) attributed to costs of raising donations, 10. Analysls of support costs Civil Society Sub- Support standard and other and falsified Conflict Environmental Program medicines Prevention Conservation Dev. Total 2024 Total 2023 Staff costs Premises Communications and IT General offic8 Finance costs Governance costs Professional fees Marketing & PFI Foreign exchange costs 17,506 9,877 13,875 7,827 31,381 17,704 49,468 34,236 2,094 7,375 4,362 1,659 5,844 3,456 3,753 13,219 7,818 2,694 12,235 6,336 12,861 5,700 15,850 10,192 4,517 12,560 23,053 10,217 28,410 27,756 13,095 11,843 5,274 4,179 64,109 9,453 26,442 80,899 145,008 184,105 In the year ended 31 December 2024, as in Ihe prior year the overall charitable activities were significant. Th8 charily continued wilh the work on sub-standard and falsified medical products by Lome initiative and also increased significantly the time and resources spend on environmental conservation and in aiding civil Society disputes. The cost accounting system developed in 2020 allows the recording the costs of the different activities more accurately and has enabled salaries to be directly allocated to an activity on a monthly basis. Support costs have then been allocated to charitable activities in accordance with the hours spent on that activily in the period. The Trustees have agreed that the use of hours spent better reflects the true allocation ol costs. The costs donated by Mr Ollivier are omitted from Ihe calculations to attribute support costs as the Trustees do not consider Ihe support costs incurred by the Foundation relevant to the aciivities

directly organised and paid for by Mr Ollivier. 11. Net (expenditure)lincome Net (expenditure}lincome is stated after chargingllcrediling): 2024 2023 Depreciation of tangible fixed assets Foreign exchange differences 12. Audltors remuneraiion 339 6,888 2,562 31,592 2024 2023 Fees payable for the audit of the financial statements 9,504 9,504 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as foll0v￿. 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 61,968 3,081 1,235 66,284 177,639 16,611 2,815 197,065 The average head count of employees during the year was 2 (2023: 2). The average number of full-time equivalent employees during the year is analysed as follows: 2024 No. 2023 No. Number of staff - Administration Number of staff - Charitable activities The number ol employees whose remuneration for the year fell within the following bands from £120,000 to £129,999, were: 2024 No. 2023 No. 30

Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activilies of the charity. In 2024 the CEO worked on a pro bono basis. 14. Truslee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees except as outlined in Note 24. 15. Stalement of financial activities - year ended 31 Decembèr 2023 2023 Restricted funds Total funds Unrestricled funds Income and endowment8 Donations and legacies Investment income 357,697 225 99,302 456,999 225 Total Income 357,922 99,302 457,224 Expandlture Expenditure on raising funds: Costs of raising donations and legacies Expenditure on charitable activities Tolal expendlture 36,418 449,350 485,768 36,418 548,652 99,302 99,302 585,070 Net (expendlture)Ilncome and n8t movemeni In funds {127,846) (127,846) Reconclllaiion of funds Total funds brought forward Total funds carrled forward 150,171 22,325 150,171 22,325 31

  1. Tangible fixed assets Equlpment Cost At 1 January 2024 and 31 December 2024 Depreclallon At 1 January 2023 Charge for the year At 31 December 2024 12,562 11,893 339 12,232 Carrylng amounl Al 31 December 21)24 330 At 31 December 2023 669
  2. Debtors 2024 2023 Prepaymenis and accrued income Other debtors 2,345 2,435 4,676 2,941 4,780 7,617
  3. Credltor8: amounts falllng due wllhln one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other creditors - Owed to Jean-yves Ollivier Other creditors 279 20,058 3,084 24,559 19,363 60,000 534 20,337 107,540

  4. Penslons and other retlremant beneflts Deflned eontrlbullon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,81512023.' £2,815). 32

  5. Analysls of charStable funds Unresirlcted funds At 1 Jan 2024 Al Income Expendilure 31 Dec 2024 General funds 22,325 655,675 1455,355) 222,645 At 1 Jan 2023 At Income Expenditure 31 Dec 2023 General funds 150,171 357,922 (485,768) 22,325 Restrlcled funds At 1 Jan 2024 Al Income Expenditure 31 Dec 2024 Sub-standard & Falsified Medicines Restricted Fund At l Jan 2023 At Income Expendilure 31 Dec 2023 Sub-standard & Falsified Medicines Restricted Fund 99,302 (99,302)

  6. Analy818 of not assets betwoon fund8 Unresirict8d Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assetg 330 242,653 (20,337) 222,645 330 242,653 (19,395) 223,587 Unrestricted Total Funds Funds 2023 Tangible fixed assets Currenl assets Creditors less than 1 year Net assets 669 669 129,196 129,196 (107,540) (107,540) 22.325 22,325 33

  7. Flnanclal Instruments The carrying amount for each category of financial instrument is as follows- 2024 2023 Flnanclal assets thai are debt Instruments measured ai amortlsed cost Financial assets that are debl instruments measured at amortised cosi 4,781 7,617 Flnanclal Ilabllllles measured ai amortlsed cost Financial liabilities measured at amortised cost 19,395 47,540 Loan commltmenis measured at cost1888 Impalrment Loan commitments measured at cost less impairment 60,000

  8. Analysls of changes In net debl At At 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and in hand 121.579 116.222 237,801
  9. Operatlng lèase commiim8nt8 The total future minimum lease payments under non-cancellable operaling leases are as follows: 2024 2023 Not later than 1 year 8,808
  10. Related partles Mr Jean-yves Ollivier remains a significant donor to The 8razzaville Foundation in the year. The amounts donated by Mr Ollivigr in the year were £138,644 (2023,. £96,139) No remuneration has been paid to the Trustees nor have any received any benefits from the charity. Ony one trustee, Mr FranGois Tron was reimbursed for expenses incurred in December 2024 the amount of the reimbursed was £94.77. 34

Vlew e-slgnalure Fue Name. 2025.09.05 Final Accounts excluthng Profrt & Loss Accounl.pdl L85t Updaled-. 2910912025 17'.09 (BSTI Ovewall Slatus: S￿ne￿ Name.. Philippe Jonnart IP Address.. 78.196.172.221 Email.. T￿eSlarnp'. 2910912025 17:09 (BST) status.. Signed OK