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

8. 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

16. 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
17. Debtors
2024
2023
Prepaymenis and accrued income
Other debtors
2,345
2,435
4,676
2,941
4,780
7,617
18. 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
19. 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

20. 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)
21. 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

22. 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
23. 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
24. 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
25. 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