LA FONDATION DES SAVANES OUEST-AFRICAINES
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net movement in funds of €32.6 million for the year ended 31 December 2023, driven by significant investment gains and new endowment contributions. Total funds carried forward increased to €97.0 million, with the Trustees confirming adequate resources to continue in operational existence. The charity's reserves policy establishes a ceiling of two times total expenditure, with €3.9 million held in financial reserves.
What the accounts disclose
“In application of this policy, FSOA placed €2.8 million in reserves in 2022, resulting in a total financial reserve of €3.9 million.” — page 10
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Akpedje Yisegnon Hugues Oscar LOKOSSOU
- Andrew Fowler
- Barnabe Kabore
- Brice SINSIN
- Hamadou NOUFFOU
- Mamadou BATIENE
- Martine Evelyne Adjobi DA SILVA AHOUANTO
- Oumarou SIDDO
- Rosalie OUOBA
- Servais Adjovi
- Stephanie KURSTEN-CAMARA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.4m | £1.5m |
| 31/12/2023 | £1.6m | £1.4m |
| 31/12/2022 | £393k | £1.9m |
| 31/12/2021 | £2.2m | £1.6m |
| 31/12/2020 | £4.1m | £3.7m |
Common questions
Is LA FONDATION DES SAVANES OUEST-AFRICAINES financially healthy?
The accounts state that the charity reported a net movement in funds of €32.6 million for the year ended 31 December 2023, driven by significant investment gains and new endowment contributions. Total funds carried forward increased to €97.0 million, with the Trustees confirming adequate resources to continue in operational existence. The charity's reserves policy establishes a ceiling of two times total expenditure, with €3.9 million held in financial reserves. Its FY2023 accounts were audited by Wellers Accountants.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |