KPMG Sénégal S.A. Avec Conseil d’Administration Immeuble Indépendance Ex-Hôtel Indépendance Téléphone : + 221 33 849 27 27 2, Place de l’Indépendance 10e Etage Télécopie : + 221 33 822 17 02 Dakar – Sénégal NINEA : 22486742 S 3 RC : SN-DKR -2003- B -4225 THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent Auditor's Report Year ended December 31st, 2023 CESAG Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) This document contains 72 pages Ref: SIN/MIF/CBD/CM/2024-06/5642 KPMG Sénégal S.A. Avec Conseil d’Administration Immeuble Indépendance Ex-Hôtel Indépendance Téléphone : + 221 33 849 27 27 2, Place de l’Indépendance 10e Etage Télécopie : + 221 33 822 17 02 Dakar – Sénégal NINEA : 22486742 S 3 RC : SN-DKR -2003- B -4225 Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results Francophone Africa (CLEAR FA) Boulevard du General de Gaulle x Malick Sy - BP 3802 Dakar / SENEGAL Independent Auditor's Report on the Financial Statements Year ended December 31st, 2023 (Period from January 1st, 2023 to December 31st, 2023) To the attention of the General Director of CESAG Dear Madam, In execution of the mission entrusted to us, we present to you our report related to the financial year ended December 31st, 2023, on the audit of the annual financial statements of Project “Center for Learning on Evaluation and Results - Francophone Africa” (CLEAR FA) executed by Centre Africain d’Études Supérieures en Gestion (CESAG), as attached to this report. Unqualified Opinion We have audited the financial statements of Project “Center for Learning on Evaluation and Results - Francophone Africa” (CLEAR FA), which include the balance sheet as at December 31st, 2023, the statement of financial activities, the income statement, cash flows and the notes to the financial statements. In our opinion, the annual financial statements are regular and sincere and give a faithful image of the result of operations, the financial situation, and the assets of the project at the end of this financial year in accordance with the acting rules and methods of accounting. Basis of opinion We conducted our audit in accordance with the provisions of Regulation No. 01/2017/CM/OHADA harmonizing the practices of accounting and auditing professionals. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Annual Financial Statements section of this report. We are independent of the entity in accordance with the Code of Ethics for accounting and auditing professionals enacted by Regulation No. 01/2017/CM/OHADA on the harmonization of the practices of accounting and auditing professionals in the member countries of OHADA and the rules of independence that govern the statutory auditors and we have fulfilled the other ethical responsibilities incumbent on us according to these rules. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent auditor's report Year ended December 31st, 2023 (Period from January 1st to December 31st, 2023) 2 Project Management Responsibilities for Annual Financial Statements The Project is responsible for the preparation and fair presentation of the annual financial statements in accordance with the accounting rules and methods published by the OHADA Uniform Act on the organization and harmonization of company accounts, as well as the internal control that it considers as necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Management is responsible for overseeing the company's financial reporting process. Responsibilities of the Contractual Auditor related to the audit of the annual financial statements Our objectives are to obtain reasonable assurance that the annual financial statements taken as a whole are free from material misstatement, whether due to fraud or error, and to issue an audit report containing our opinion. Reasonable assurance corresponds to a high level of assurance, which does not, however, guarantee that an audit carried out in accordance with the “ISA” standards will always make it possible to detect any existing significant anomaly. Anomalies may arise from fraud or result from errors and are considered material when it is reasonable to expect that, taken individually or in aggregate, they could influence the economic decisions that users of the annual financial statements take into account based on these. Dakar, June 28th, 2024 KPMG Senegal Seydina Issa NDIAYE Partner THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent auditor's report Year ended December 31st, 2023 (Period from January 1st to December 31st, 2023) 3 1 General information on the “Center for Learning on Evaluation and Results- Francophone Africa” (CLEAR FA) Project CLEAR (Center for Learning on Evaluation And Results) is a global initiative launched in 2010 by a consortium of donors - including the World Bank. It brings together six (6) Regional Centers with the mandate to promote the use of "evidence" to improve the effectiveness of public policies and programs in the countries of the South. The network is governed by a Hub placed under the authority of the Independent Evaluation Group (IEG) housed at the headquarters of the World Bank in Washington. CLEAR joined in 2020 an even broader partnership called "Global Evaluation Initiative (GEI)". The GEI intends to play a catalytic role, bringing together actors, key expertise and resources available at the local, regional and global level to improve the governance models of developing countries. As an implementation partner of the GEI, the CLEAR Centers are deploying an ambitious strategy aimed at supporting the development of national Monitoring & Evaluation (M&E) systems and capacities in their countries of intervention through : (i) the strengthening of institutional M&E frameworks and arrangements, (ii) training a critical mass of competent professionals, (iii) generating and disseminating knowledge, and (iv) promoting the use of evaluation results to inform the organizational learning, accountability and decision-making. This contributes to creating the conditions for the implementation of relevant and effective public policies, consistent with national development agendas and the Sustainable Development Goals (SDGs). The Center Africain d'Études Supérieures en Gestion (CESAG), based in Dakar, Senegal, has been selected to host the regional center of CLEAR for French-speaking Africa (CLEAR FA) since 2012. CESAG is an international public establishment of higher education created in 1985 and specialized in management training, consulting and research. Since 1996, CESAG has been placed under the supervision of the Central Bank of West African States (BCEAO) on behalf of the States of the West African Economic and Monetary Union (UEMOA). As part of the implementation of CLEAR, CESAG received initial funding from CLEAR (P132789, for USD 268,970, closed on May 30th, 2016) and simultaneously an IDF fund from the Africa region (P126603, USD 995,790, closed on November 10, 2015). The objective of this first financing was to institutionally set up the CLEAR FA Center and strengthen its own capacities, while offering a range of specific services to targeted strategic clients. This first funding was closed in 2016. In 2018, CESAG also benefited from a second funding from CLEAR (P160703, for USD 1,337,000) intended to implement the strategy inspired by CLEAR's global policy for its phase 3 (2018 – 2020). This Grant has enabled the Center to refine its strategic areas and implementation processes while continuing to develop and deliver a wide range of high-quality products and services to strategically selected clients. This Grant closed in 2021. CESAG benefits from new funding from the World Bank for the implementation of CLEAR FA of an ambitious program of activities within the framework of the implementation of the new GEI global partnership. In this context, it is planned to recruit a firm to carry out the financial and accounting audit of the Project. According to the financing agreement, the reports of the external audit are due no later than six (6) months after the end of the period under review. It is in anticipation of this diligence that these ToRs are established. THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent auditor's report Year ended December 31st, 2023 (Period from January 1st to December 31st, 2023) 4 2 Significant Accounting Policies 2.1 Accounting method The financial statements of the CLEAR project have been prepared according to the historical cost convention and according to the accrual method of accounting. On this basis, the effects of transactions and other events are recognized as they occur and not when cash or its equivalent is received or paid. The main accounting principles below have been applied systematically to treat the items considered to be significant in relation to the financial statements. 2.2 Income and expenditure for the financial year All income and expenses are recognized on the date of the actual transaction. 2.3 Foreign currency transactions Foreign currency transactions during the year are converted into local currency using the exchange rates of the transaction dates. At the end of the period, all assets and liabilities are translated using the end of period exchange rates. The gain or loss resulting from exchange differences between currencies is disclosed in the statement of financial activities as a net amount. 2.4 Non-current tangible assets Non-current tangible assets are recognized at the amount of cash or cash equivalents paid or at the fair value of other consideration given to acquire the assets at the time of their acquisition. After initial recognition, assets are carried at cost less accumulated depreciation and accumulated impairment losses. Depreciation follows SYSCOHADA standards. THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent auditor's report Year ended December 31st, 2023 (Period from January 1st to December 31st, 2023) 5 Appendices Appendix 1: Financial Statements as at st December 31 , 2023 Appendix 2: Financial reports as at st December 31 , 2023 Appendix 3: Analysis of fixed assets st as at December 31 , 2023 THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent auditor's report Year ended December 31st, 2023 (Period from January 1st to December 31st, 2023) 6 Appendix 1 : Financial Statements as at st December 31 , 2023 THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent auditor's report Year ended December 31st, 2023 (Period from January 1st to December 31st, 2023) 7 Appendix 2: Financial reports at December 31st, 2023 THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent auditor's report Year ended December 31st, 2023 (Period from January 1st to December 31st, 2023) 64 Tableau 2A : Sources et emploi des fonds 11 Table 2 1usd = 600 Tableau 2B : Utilisation desfonds des Utilisation par fonds par activité activité et par et par composante composante Period from 26/07/2022 to 30/06/2023 Half-yearly Cumulative in fcfa in dollars in fcfa in dollars Component 1: Develop a culture of evidence-based decision- 10 460 700 17 435 15 233 860 25 390 making in Francophone Africa BL 1- Develop a culture of evidence-based decision-making in EFDEs 10 460 700 17 435 15 233 860 25 390 Engage with champions in priority countries (prospection missions, 8 057 000 13 428 12 830 160 21 384 awareness, advocacy events, online activities etc.) Benin: Support the General Directorate of evaluation (formal National Evaluation Office) in assessing the sectoral performance monitoring tool- MPAT 2 403 700 4 006 2 403 700 4 006 Burkina Faso: Technical support to the Ministry of Economy and Finance, for the evaluation of the Covid response in partnership with the OECD-DAC Coalition for the evaluation of the Covid. - - Component 2: Build capacity for a cadre of evaluators and 8 715 600 14 526 24 794 300 41 324 M&E specialists in Francophone Africa BL 2- Strengthen a framework of evaluators and M&E specialists in 8 715 600 14 526 24 794 300 41 324 EFDEs Training workshops on the use of evidence by Parliamentarians are held either on-site in a number of countries or online for APNODE members and - - 3 271 200 5 452 other regional organizations BAPAF or related training on the use of evidence (face-to-face) - - 9 807 500 16 346 Training of trainers on "M&E of policies for Children and Youth" 5 238 200 8 730 5 238 200 8 730 Building capacity of 2 Cohort of 3 Young professionnals 3 417 400 5 696 6 417 400 10 696 Building capacity of other young evaluators (club, awards, etc.) 60 000 100 60 000 100 - - Component 3: Generate and disseminate M&E knowledge 11 610 000 19 350 21 721 329 36 202 products BL3- Generating knowledge products 4 500 000 7 500 12 571 492 20 952 Conducting evaluation of public policies and projects 3 500 000 5 833 4 480 000 7 467 Partage des produits de la connaissance de S&E - - 1 250 000 2 083 Publication of articles and at least one Special Edition of the CESAG 1 000 000 1 667 1 000 000 1 667 Research Papers on the topic of Evaluation Knowledge Management and Communication Senior Officer - - 5 841 492 9 736 BL4- Sharing knowledge products on M&E 7 110 000 11 850 9 149 837 15 250 Participation in international events 7 110 000 11 850 9 149 837 15 250 - - Component 4: CLEAR – FA Internal Capacity Development 17 441 083 29 068 30 396 155 50 660 MANAGEMENT SUPPORT AND STRATEGY 16 850 170 28 084 29 402 656 49 004 Center Director 7 029 510 11 716 14 059 020 23 432 Deputy Director 4 786 101 7 977 9 557 202 15 929 Administrative Assistant 295 600 493 295 600 493 Annual retreat and Team building activities, etc. 3 557 500 5 929 3 557 500 5 929 Accounting and Financial Officer (to be recruited) 600 000 1 000 Renovation and mainteance of offices 189 000 315 340 875 568 CESAG admnistrative and technical assistance 200 000 333 200 000 333 Purchasing of software licences (Stata, NVIVO, Zoom, Mailchimp, Server, 792 459 1 321 792 459 1 321 Tompro etc) - - Autres frais 590 913 985 993 499 1 656 General Total 48 227 383 80 379 92 145 644 153 576 12 II.3. Etat de réconciliation du compte désigné Le tableau 3 ci-dessous présente l’état de réconciliation du compte désigné au 30 juin 2023. Le tirage du relevé du compte désigné au 30/06/2023 est présenté ensuite pour lecture concomitante. Tableau 3 : Etat de réconciliation du compte désigné au 30 juin 2023 CESAG CLEAR DESIGNATED ACCOUNT RECONCILIATION STATEMENT TRUST FUND NUMBER__TF B9146 ACCOUNT NUMBER __ SN00 2618200 K00100040 WITH (BANK) __ BCEAO SENEGAL 1. TOTAL ADVANCED BY WORLD BANK 80 141 640 2. LESS: TOTAL AMOUNT RECOVERED BY WORLD BANK 0 3. EQUALS PRESENT OUTSTANDING AMOUNT ADVANCED TO THE DESIGNATED ACCOUNT (NUMBER 1 LESS NUMBER 2) = 80 141 640 4. BALANCE OF DESIGNATED ACCOUNT PER ATTACHED BANK STATEMENT AS OF DATE _30 JUIN 2023 27 597 773 5. * PLUS: TOTAL AMOUNT CLAIMED IN THIS APPLICATION NO__ 05 45 890 543 6. * PLUS: TOTAL AMOUNT WITHDRAWN AND NOT YET CLAIMED REASON___ 7 110 000 7. PLUS: AMOUNTS CLAIMED IN PREVIOUS APPLICATIONS NOT YET CREDITED AT DATE OF BANK STATEMENTS APPLICATION N° __ 0 APPLICATION N° __ 0 7. SUBTOTAL OF PREVIOUS APPLICATIONS NOT YET CREDITED 0 8. * MINUS: INTEREST EARNED 456 676 9. TOTAL ADVANCE ACCOUNTED FOR (NO. 4 THROUGH NO. 9) = 80 141 640 10. GAP between 3 and 9 IF ANY 0 EXPLANATION OF ANY DIFFERENCE BETWEEN THE TOTALS APPEARING ON LINES 3 AND 9_______ Les emplois sont de 48 227 383 francs CFA dans le Tableau 2A et 2B alors qu’ils sont de 45 890 543 francs CFA pour l’état de réconciliation. La différence s'élève à 2 336 840 fcfa et s'explique d’une part par les dépenses de novembre et décembre 2022 déjà incluses dans le précédent rapport de suivi financier et qui se chiffrent à 4 773 160 FCFA ; et d’autre part par les dépenses à justifier de 7 110 000 fcfa. 13 Tableau 2A : Sources et emploi des fonds 24 Tableau 2B : Utilisation des fonds par activité et par composantes 25 II.3. Etat de réconciliation du compte désigné Le tableau 2.C ci-dessous présente l’état de réconciliation du compte désigné au 31 décembre 2023. Le tirage du relevé du compte désigné au 31/12/2023 est présenté ensuite pour lecture concomitante. Les extraits de compte de janvier à décembre sont présentés à l’annexe 1 pour référence. Tableau 2.C : Etat de réconciliation du compte désigné au 31 décembre 2023 CESAG CLEAR DESIGNATED ACCOUNT RECONCILIATION STATEMENT FCFA XOF USD TRUST FUND NUMBER__TF B9146 ACCOUNT NUMBER __ SN00 2618200 K00100040 WITH (BANK) __ BCEAO SENEGAL 1. TOTAL ADVANCED BY WORLD BANK 80 141 640 120 000 2. LESS: TOTAL AMOUNT RECOVERED BY WORLD BANK 0 0 3. EQUALS PRESENT OUTSTANDING AMOUNT ADVANCED TO THE DESIGNATED ACCOUNT (NUMBER 1 LESS NUMBER 2) = 80 141 640 120 000 4. BALANCE OF DESIGNATED ACCOUNT PER ATTACHED BANK STATEMENT AS OF DATE _DECEMBER, 31th 2023 11 449 672 17 144 5. * PLUS: TOTAL AMOUNT CLAIMED IN THIS APPLICATION NO__ 0 0 6. * PLUS: TOTAL AMOUNT WITHDRAWN AND NOT YET CLAIMED REASON___ 7. PLUS: AMOUNTS CLAIMED IN PREVIOUS APPLICATIONS NOT YET CREDITED AT DATE OF BANK STATEMENTS APPLICATION N° _07_ 30710284 APPLICATION N° 08 37815070 7. SUBTOTAL OF PREVIOUS APPLICATIONS NOT YET CREDITED 68 525 354 102 606 8. * MINUS: INTEREST EARNED 645 886 967 9. TOTAL ADVANCE ACCOUNTED FOR (NO. 4 THROUGH NO. 9) = 79 329 140 118 783 10. GAP between 3 and 9 IF ANY 812 500 EXPLANATION OF ANY DIFFERENCE BETWEEN THE TOTALS APPEARING ON LINES 3 AND 9_______ DATE__ Le Responsable Administratif et Financier Le Coordonnateur Les emplois sont de 61 415 354 francs CFA dans le Tableau 2A et 2B alors qu’ils sont de 68 525 354 francs CFA pour l’état de réconciliation. La différence s'élève à 7 110 000 FCFA et s'explique par une caisse d’avance reçue pour la participation au forum International francophone de l'Evaluation, Luxembourg 2023. Cette activité a été réalisé et justifié au cours du second semestre 2023. 26 Appendix 3: Analysis of fixed assets as at December 31st, 2023 THE WORLD BANK Centre Africain d’Études Supérieures en Gestion (CESAG) Center for Learning on Evaluation and Results - Francophone Africa (CLEAR FA) Independent auditor's report Year ended December 31st, 2023 (Period from January 1st to December 31st, 2023) 71 LISTE DES IMMOBILISATIONS CLEAR 2023 ACQUISES SUR LES RESSOURCES DE LA BANQUE DATE DE VALEURS DATE CODE IMMOBILISATIONS FOURNISSEURS FACTURE MISE EN D'ACQUISITION D'ACQUISITION SERVICE FAUTEUIL PRESIDENT SIMILI MOB05129 CUIR NOIR GR2-2301 151 875 24/06/2022 MOBICOM FC220199 26/07/2022 E530MAB04476 MACHINE A RELIURE 207 000 16/02/2023 PAPEX N230959 24/05/2023 E530MAB04475 REFROIDISSEUR 82 000 10/05/2023 BAEAUBAB FV2307291 23/05/2023