L'ASSOCIATION DES JURISTES FIiANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS socirry LIMITED (A COMPANY LIMITED BY GUARANTEEI ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER: 1010089 COMPANY NUMBER: 02424363
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED DIRECTORS AND TRUSTEES: Lady M H Arden l. C. L. E. Arnaudeau S.M.R. Bonifa5SI L. T. N. Carpentieri M. A. Cully K. A. Dandrieux Lisf ranc Lady Dorrian, L. J. Dorrian C. P. O. J-R. E. du Couedic de Kerérant Lord Ericht, A.F.Stewarl V. Forrest l. S. Forrester L-M. M. Gerard F. H. Goldberg M.L.O. Guyot D. W. A. Guild C. Hope N. Jondel F.L. Laruelle J-F Le Gal D. Le Grand de Belleroche A. Levi Lord J.B. Mccloskey S. Osborn C. J. Palmer C.Pedamon R. J. D. Stevenson B. Vatier C. Xueref SECRETARY: Brodies Secretarial Services Limited C. P. O. J-R. E. du Couedic de Keierant REGISTERED OFFICE- 184 Hammersmith Road London W6 7DJ REGISTERED NUMBER.. 02424363 CHARITY NUMBER." 1010089 BANKERS.. Barclays Bank PLC 2 Victoria Street London SWIH OND HSBC PLC 2 Buchanan Street Glasgow Gl 3LB INDEPENDENT EXAMINER: Christopher Nisbet FCA Azets Suites B & D, Burnham Yard Beaconsfield Burkinghamshire HP9 2JH
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUESI THE FRANCO-BRITISH LAWYERS SOCIEfY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Contents Pages Directors, and trustees, report Independent ex3minerfs report statement of financial activities (incorporating income and expenditure account) io Balance sheet li Notes to the financial statements 12-20 The following p3ge does not form part of the statutory financial statements. Detailed income and expenditure account 21
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQU£S/ THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED DIRECTORS, AND TRU5TEES' REPORT The trustees, who are also the directors of the charitable company for the purposes of the Companies Act 2006, present their annual report and financial statements for the year ended 31 December 2024, which are also prepared io meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in a£cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Our purposes and activities The principal objective5 01 the charitable company are.. {al to advanco public education and training in the practice of French, Scottish, Irish and English law generally and, in particular, in the context of the EU and it5 constitutive treatie5. {bl to facilitate relation5 and exchanges between French, Scottish, Irish and Engllsh lawyers thereby contributing to the expansion of leg31. political, economic and cultural relations between Fronce and the United Kingdom. {cl to do all suth other lawful things as are necessary for the attainment of the said objectives. Public Interest statement The trustees have considered the guidance published by the Charity Commission and have concluded that the charitsble compan¢s core activities satlsfactorily address the principles of identif12ble public benefit and demonstrate that the charitable company has fulfilled the public benefit iequirement under the Charities Act 2011. One of the principal objectives of the Society is to advance public education and training in the practice of French, Scottish, Irish and English law generally and, in particular, in the context of the European Union and its constitutive treatie5 however the objects of the society relate to the laws and lawyers of the whole of the United Kingdom. To that end, our ovent5 are all open ID the public and in many case5 no charge is made for attendance. Our schedule of events is publici5ed on the public Biea of our website and may be viewed by all. We encoura8e the press to attend our events and to report publidy on the proceedings of the Society. Achievements and performance Activlties during the year The year began with the Annual Reception in the River Room of the House of Lords on 29 January 2024, at which the Society's U K Academic prize was presented to the Oxford University in recognition ol their BA (Honsl degree in Law with French Law. During Februaryand March, the Society was again involved in staging and supporting the semi-finals on 10 February, in Paris and London, and final on 15 March, in London of the ORAS! MoDting Competition where Ltniversitystudent5 from France and the UK demonstrated their skills in pleèding and aTgument In court. th On 12 March 2024, the Society hosted a presentation by Notaire Student5 from the Unlverslty of Lorraine on Protection of Property Rights at Edinburgh University. On 13, March the Scottish Section of the Society held a seminar, in Edinburgh, on Damages for Infringements of Privacy: a comparative overview of emerging trends in France , Éngland and Scotland. The speaker was Arantxa Guttierre2, 3 Lecturer in Private Law at the Un5ver51ty of Glasgow. The event was hybrid, enabling participation from further afield.
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED DIRECTORS, AND TRUSTEES, REPORT ICONTINUEDI Achievements and performance Icontlnued) Activities during the yeur (continued) The English & Wa les section held a panel d iscu55ion on The French Duty of Vigilonce.. A Comporoti ve Perspective on Corporate Sustoinability Due Diligence, in pa rtner5hip with the French E mbassy, on Wed nesday 20 March 2024. On 10 April 2024 a conference was held on the International Movement of Children. Five speakers, with many years of experience. gave insights on a number of topics including the procedures and approaches of the courts token in relation to the international movements of children and to international relocation ond child abduction, comparing the approaches taken by French courts to those taken by the courts of England in Wales. The French section held it5 annual dinner on 12 Aprll 2024, which celebrated the 120th anniversary of the Entente Cordi31e. The AJFB were pleased to welcome Lord 14ope, one of the first supporters of the Association since its inaugural conference and a member of the AJFB/FBL5 Academic Committee. The evening marked relations between the legal world5 of France and all countries of the UK. In addition, the Society had the great honour of officially welcoming the Hauts-de-seine Bar a5 the first bar to join the Society as an institutional member. On 13 May 2024, a webinar was held In which former Society President and former Judge of the European Court of Justice, lan Forrester, was in conversation with Ryan Gattis, an author and commentator on criminal justice in California and elsewhere in the United States. Mr Gatlss shared insights from his time visiting prisons. leading writing classes for prisoners and a Iso advising on prison rÈform5. On 23 and 24 Mky 2024, a symposium was held in Paris, in partnership with I'Univer5ité Panthéon-A55as and 'Un iversité de Poitlers held, in Pari5, entitled From the Et7tente Cordiale to new Ententes 1904-2024. A nu mber of distinguished Speakers 8ave presentations on historical context and approache5 to the Entente Cordiale, reflected on more recent challenges and considered judicial approaches. On 17 September 2024, in London. the English and Welsh section held an Art and Law conference. entitled Tech nology Meets the Art World. which addressed the Erowing impact of techn Dlogy in the sector, together with the legal effects both in the UK and France and the challenges arisiTrg from artificial intelligence, digital art and intellectual property rights. as well as the use of technology in authentication and provenance Tesearch. Also on 17, September, in Paris, the French section assisted in organizing a 'mock trial" for 4 barristers taking part in the exchange progf3mme of the Paris Bar and the Inns of Court marking the end of their month long internship In France. The Society has a long traditlon of holding events on arbitration and the choice of seat, taking place, on a rotating basis, between England and Wales, France, Ireland, Northern-lreland. Scotland and Switzerland. This year it was held in Dublin on 30 September 2024 as part of Dublln International Dispute Resolution Week. The theme w25 Sports Arbitration, with the speakers add ress the fixed Seats of a rbitration for cerlain sports. such as Lausanne and London, ad hoc sport5 arbitrations fast track arbitrations, the use of expert evidence, Arbitrations on "Team" as opposed to.in person" and the use of seats in smaller jurisdicticns. The Society held its Annual Colloquium in person at Cardiff University on 11 October 2024. The theme of the conference was Sustainability, discussing four aspects of sustainability environmental. social, corpoiate governance and dispute resolution- across four panels in the morning and the afternoon. On 12 November 2024, the England and Wales section of ihe Society were again pleased to stage their ever popular annual Franco-British Legal Careers Forum in conjunction with The University of Law. Speakers highlighted d iff erent aspects of legal caf eers in the UK and France,
L'A550CIATION DES JURISTES FRANCO-BRITANNIQUESI THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED DIREcfoRS' AND TRUSTEES, REPORT (CONTINUED) Achievements a nd perf ormance Icontinued) Actlyltles durlng the yeur (continued On 23 November 2024 the Scottish Section held their annual St Andrew5 Nighi dinner held in Edinburgh, welcoming the French consul as guest of honour. The final event of the year was an hybrid event, hosted by Kingsley Napley in London on 26 November 2024, and took the form of a comparSson of family law practice and procedure in financial proceedings between England and Wales, France and Scotland. Actlvities planned for 2025 The year will begin with the Annual Reception to be held at the house of Lords on 27January 2025 bringing together representatives of the various cou rt5 and legal professionals of our respective countries. In February and March, the Society will again be involved in the semi finals and finals of the ORASI Mooting Competition. The French section will hold their annual dinner in March 2025. The Scoltish section plan to hold èn event on Loicite. the French sepGrotion of Church und Stote. in Edinburgh on 3, April. The event is to be in hybrid form and the speaker will be Terry Olson, a member of the Conseil d'État and former Chief judge of the Administrative Court of Appeal of Versailles. The French section is co-organizing, with the Chair of Comparative Public and PolitlC31 Law of the University of Saint Etienne a one day colloquium in Paris. It has the support of the French Association of Constitutional Law IAFDCI and the Society of Comparative Legislation ISLCI and will be entitled "The Referendum in France and the UK.. Contempora ry Challenges and Perspectives. On 9 May 2025. the Scottish section, in collaboration with the University of Glasgow School of Law will hold an hybrid conference entitled 'Franco-Scottish Perspectives on Property, Sustainability and Land Reform at which a number of speakers will explore the land reform and sustainability aspects of community rights to buy, ownership and forest governance, and residential tenements. In July there will be a visit to the Court of Justice of the European Union in Luxembour8 followed by a visit to the European Publ ic Prosecutor's Office. also in LuxemboL&rg. The 2025 Annual Colloque will be held in Edinburgh, Scotland on Thursday 18 to Saturday 20 September 2025. The theme of the conference is to be Dreyf us. Oscar Slatei and Modern Miscarriages of Justice. Financial review Tiansartlons andfinanciolposltlon The Statement of Financial Activities shows net expenditure of £99012023- net expendlture of £5.7241 and our reserves stand at £45,99812023: £46,9881 in total. The income for the year generated from events and sundry functions was £18,473 during the year12023= £6,0901, funding for prize awards for the year totalling £l,00012023.' £1,000), whilst membership subscrlptions and voluntary donations generated income for the year of£lO,989 {2023,' £9,274).
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED DIRECTORS, AND TRUSTEES, REPORT ICONTINUEDI Investment policy The trustees, having regard to the liquidity requirement5 of operating the charitable company, have kept available funds in an interest-bearing deposit account and seek to achieve a rate on deposit which matches or exceeds inflation as measured by the retail prices index. Reserves policy and going concern The director5 review the reserve levels of the charitable company regularly. This review encompasse5 the nature of income and expendituie streams, the need to m8tch income with commitments and the nature of reserve5. The directors have determinod that the appropriate level of free reserves should be Sufficient to meet the anticipated expenditure requirements for a minimum of twelve months, approximately £25,00012023: £18.0001. The reason for this is to provide sufficient working capita5 to cover delays between spending and receipt of income. The directors consider that reserves are sufficient to enable the charitable company to meet its ongoing and day-to-day obligations. The trustees have reviewed the circumstances of the charitable company and consider that adequate resources continue to be avoilable to fund its activities for the foreseeable future. The trustees are of the view that the charitable company is a going concern. Plans for future periods The charity anticipates continuing along ihe lines outlined above, subject to satisfactory fundin8 arrangements, with the aim of meetinE the objectives of the charity. however, it 15 impossible to plan concretely beyond the end of the next year's funding. Reference and administrative details Charity name.. L'Association des Juristes Francaises-Bfltannique5nhe Franco~British Lawyers Society Limited FBLS Iworking namel Other names: Charity nurnber: 1010089 Company number: 02424363 Registered Office- 184 Hammersmith Road, London W6 70J Our odvisers Independent Examiner-. Christopher Ni5bet FCA, Azets, Suites B & D, Burnham Yard, Beaconsfield, Buckinghamshire HP9 2JH Bankers- Barclays Bank PLC, 2 Victoria Street, London SWIH OND HSBC Plc. 2 Buchanan Street, Glasgow Gl 3LB
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYER5 SOCIETY LIMITED DIREcfoRS' AND TRUSTEES, REPORT ICONTINUED Director5 ond trustees The director5 of the charltable company are it5 trustees for the purpose5 of Charity law. There were no other trustee5. The directols who held office during the year or who have been appointed since the year-end were- Lady M H Arden, Président l. C. L. E. Arnaudeau S. M. R. Bonifhssi L. T. N. Carpentieri Castellane IresiEned l January 2025} M. A. Cullv K. A. Dandrieux Lisf ran¢ A. De Gyillenchmidt Guignot (resigned 9 July 2025} Lady Dorrian. L. J. Dorrian C. P. O. J-R. E. du Couedic de Kerérant, Generolsecretory Lord Ericht, A. F. Stewart V. Forrest l. S. Forrester L-M. M. Gerard lappointed 9 July 20251 F. H. GoldberE M.L.O. Guyot D. W. A. Guild C. Hope N. Jondet F.L. Laruelle J-F Le Gal D. Le Grand de Belleroche A. Levi Lord J.B. Mccloskev S. Osborn C. J. Palmer C. Pedamon R. J. D. Stevenson B. Vatier C. Xueref Simon Horsington LdH IRFI ONM IRF} OMM IRF), whD resigned as a Director in September 2009 after 20 year5, service to the board of the Society, Is an Honorary Life Vice President fou nder a nd attends by invitation many of the board meetings. Fionnuala Connolly who resigned on 19 December 2023 whs duly appointed a Honorary Vice President. Sir Michael Tugendhat, a former Pf esident of the Society who iesigned as a Director in October 20 19, is a Honorary Piesident. Structure, Governance and Management Governing document L'Association des Juri5tes Francaises-Britanniouesnhe Franco-British Lèwyers Society Limited is a company limited by guarantee governed by its Memoiandurn and Articles of Association amended by Special resolution dated 30 October 20DI. It is registered as a charity with the Charity Commission. French Assoclotion The French section of the Society has set up a French Non-profit Association, under the terms of the French Law of 1901, 35 a mirror image of the British Society. This does not represent a SCi55ion of the organisation of the Society. The trigger fo¥ this development was the discovery in France that the French Ministry of Justice and other public bodies are unable to provide any financi315upport to any or£anisation, even of o charitable nature, unless the organisation is French. Other names: AJ F B Iworkin8 name)
L'ASSOCIATION DE5 JURISTES FRANCO-BRITANNIQUESI THE FRANCO-8RITISH LAWYERS SOCIETY LIMITED DIRECTORS, AND TRUSTEES, REPORT ICONTINUEDI Appointment ol trustees New trustees Iwho are also directors for the purposes of company lawl are appointed in conformity with the requirement5 of the Companie5 and Charities Acts. New trustees are appointed in accordance with the Memorandu m and Articles of Association of the Society and elected annually at the Annu31 General Meeting by the members present or by proxy. Prior to any trustee taking post and being proposed it Is usual that the board has public and private information submitted to them as well ès the individual being known by one or moTe trustees and any appointment is preceded by unanimous approval of those present at the appropriate board meeting. Trustee induction und troining New trustee5 (most of whom are senior practi5ing or retired lawyer51 are reminded on- their legal obligations under charity and company law, the Charity Commission guidance on public benefit, the content of the MemorandLim and Articles of Association, the committee and decision-making processes, the business plan and the recent financial performance of the charity. During the induction day they meet key employees and other trustees. Organisation The board of dirèctors, which can have up to 30 members, administers the charitable company. The board meet5 regularly and there is a management sub-committee which covers development, membership, finance and events that normally meets on a monthly basis. There is one part-time admin15trator, who manages the day-to-d2y administration of the charity. Other rnembers are appointed, as appropriate, to organise the annual colloquium and other function5 and conferences normally held during the year. Relotedporties und co-operution with other orgonisotions None of our directors receive benefit from their work with the charity. Any connection botween a director of the charitable company and a third party must be disclosed to the full board of directors in the s2me way as any other contractual relationship with a related party. Key Munogement Personnel The directors comprise the key management personnel ol the charity and are in charge of directlng and controlling the charity and running and operating the charity on a day-to-day basis. All director5 give of their time freely and no directors remuneration was paid in the year.
L'ASSOCIATION DES JURISTE5 FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED DIRECTORS, AND TRUSTEES, REPORT ICONTINUEDI Risk monagement The majof financial and legal risk5 that the Society runs are- The misuse or misappropriation of fund5, To ensure that at all tlmes the Society is solvent and able to meet its obligations. These risk5 are covered by: The Management Committee in London under the Chairmanship of the President or the Vice-President (England & Wales1 or the General Secretary with the input of the Treasurer and at which the amounts held in the Societls Accounts are reported and documented and then circulated to all directors. Majoi items of expendituie are incurred principally by member5 of the Management Committee. That committee meets on average every month and is regularly composed of the Vice-President (England and Wales) of the Association, the General Secretary reporting and controls from the Treasurer and attendances of two directors. Expenditure can only be ratlfied by the slgnature of two directors upon the invoice in question supplied with the cheque and no cheque for payment or reimbursement to a directof or member ofthe Management Committee can be signed by that director or Management Committee member. It has also been resolved that the directors, obligations under the UK Bribery Act 2010 should be brolbght to tho attention of Board members by being raised as an item at Board meeting5. 5. The issue of risk management is on (he Board Agenda whenevef a Board meeting is called. 6. The only significant potential liabilities incurred by other committees, bEing the Scottish Committee, relate to when it runs the annual colloquium. The French Non-profit Association set up by the French Committee of the Society is by a8reement responsible for the annual colloquium liabilities when it takes place in Fr3nce. Expenses for the annual colloquium are in principle ring-fenced as they are intended to be self-financing and to raise funds for the programme of the country in which the colloquium or SLJch other events take place. 7. Budgets and accounts for income and expenditure are presented to the Board for review and approval.
I'ASSOCIATION DES JURISTES FRAhlCO4RITANNIQUES1 TIIE FRANCO-BRITISH LAWYER5 S¢XIÉTh LIM ED DIRECTORS, AND TRUSTEE5' REPORT ICONTINUEDI Dlt¢ctorf fe5ponslblMtles In relatipn to the flnancial statements The Irustees (who are a150 the directors of L'Association des Jurtstes Franc(ritanniQueS1The Franco-8ritish Lawyets Society Llmlted for the purposes of company law) are responsible for preparine a IrLfStees' repon and financial statements in accordance with opplicable law and Unlted Kin8dom Accountin8 Standards (United Klngdom Generally Accepted Accounting Pracllcel. Company law reoulres the trustees to prepare financial ststements for eath financial year whl¢h give a true and falr vlew ol the state of affalrs of the charitable company and of the Incoming resources and applicatlon of iesources. includlng the Income and expendlture. of the charitable company for that perlod. In preparing these finandal statements, the truste are fequiied to: selert suitable 3ccountinB policies and then apply them conslstentty: ob5eNe the method5 and princlples In the Charities SORP {FRS 102),. make jud8emenrs and estimates that are reasonable and prudent. State whether applltable UK Accountin8 Standards have been followed, sublert to any materlal departures dls¢105ed and explained in the flnanclal statements: prepare the ftnanclal statements on the going concem basis unless Ills Inappropriate to presume that the charitsble company will conlinue In operation. The tiustees are responsible for keeping wopei accounting re£oTds that dlsclose wlth reasonable accuracy at any tlme the fin3n£ial posltlon of the charitable company and enable them to ensure that the flnanual statements comply wlth the Companles Att 2006. They are a150 responslble for safeguardlnE the a55ets of the Charltable company and hence for takir reasonable steps for the Prevention and detertion of froud and oiher irregularities. The trustee5 are respon51ble for the maintenonce and inte8rity of the corporate and financlal information included on the charttable compan¢s website. L¥$10t10n In the United KinBdom BovefnSng the prepardtion and dissennatioTr of flnancial statements may differ from leElslation in other Jurlsdictlon5. Thls report was approved by the board on 7o..&Rk&2025 5i8ned on behalf of the board of directors C Hope Director and Trustee
INDEPENDENT EXAMINER'S REPORTTO THE MEMBERS OF L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED I report to the charity tru5tee5 on my examination of the accounts of the company for the year ended 31 December 2024 which are set out on pages 10 to 20. Responsibilities and basis of report As the charity trustees of the company land also Its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your companws accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 14515)Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matter5 have come to my attention in connection with the examination giving me cause to believe that in any material re5pect-. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act- or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination,. or theaccounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Pfactice for accounting and reporting by charities applicable to charities preparinE their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this ieport in order to enable a proper understanding of the accounts to be reached. Christopher Nisbet FCA Azets Suites B & D Burnham Yard Beaconsfield Buckinghamshire HP9 2JH 26 September 2025
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUES/ THE FRANCO-BRIT15H LAWYERS SOCIETY LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Summary income and expenditure a¢count 2024 Total Funds 2023 Total Funds Notes Unrestricted Desi nated Restricted Income Donation5, subscriptions & legacies 10,989 1,000 11,989 10,274 Incomefrom choritoble octivities.. Colloquium, conferences & events 18.473 18,473 6,090 Investment income 319 319 233 Total income 29.781 1,000 30,781 16,597 Expenditure Raising funds Charitable activities 6,987 24,784 6,987 24,784 6,549 15,772 Total expenditure io 31,771 31,771 22,321 Net expenditure Transfer between funds {1,9901 {i.0001 1,000 {9901 {5.7241 1,000 Net Movement in funds {2,9901 1.000 1,000 (9901 {5,7241 Reconciliation of funds Total funds brought forward 38,593 3,200 5,195 46.988 52,712 Total funds carried forward 35,603 4,200 6,195 45,998 46,988 The statement of financial activitie5 includes all gains and10sses recogni5ed in the year. All income and expenditure derive from continulng activlties. The notes form part of these financial statement5 io-
L'ASSOCLATION DESJURIMS FRANC(>8RITANNIQUESI THE FRANCQ-BRillsH LAWYERS SOUEfY LIMITED BALANCE SHEET AS AT 31 DECEMBER 2D24 otes Current a55ets Debtors Cash at bank 774 52,389 li 69 53,454 53,523 53,163 Ilabllitles Creditors falllre due withln one year 12 <7.5251 16,1751 Ilet GuTh¢nt asxts 4598 46,988 14 45.998 The fvnd5 of the charlty UnrestrKted income funds Desl8nated incorne fvnds Restdcted incorne fund5 35.603 4.200 6.195 38.593 3,2CKs 5,195 46,988 Total thwlty 13 45,998 The £h3rltable company15 entitled to exemption from audit under section 477 of the Companles Act 21)06 for the year ded 31 December 2024. The membef5 have noi requlied the chari13ble company to obtaln an audlt of its flnandal statements for the year ended 31 December 2024 In 3¢cordance wlth Settlon 476 of the Cornpanle5 Art 20D6. The dlreclors acknowledge their responsibillties for.. al en5urin8 that the tharltable rornpany keeps accounting records that comply with Sectton 386 of the Companle5 Act 2tID6 and b> preparing finandal statements which 8ive a true and falr view of the State of affaifs of the tharitable cornpanyas at the end of each finandalyear and of Its surplus or deflcit lor each financkal year In accordancewlth the reqU1ments ofSectlDns 394 and 395 and whith Othe[Se comply wlth the requiiements ofthe Companies Act 2006 relatin8 to financlal statements, 50 far a5 oppllcable to the charltable company. The finandal statements have been prepared in accordance wirh the special prDvislDns of Part 15 of the Companies Act 2(#)6 relatin8 to %nall ¢¢)mpanle5. The finandal statements were appro1 by the Board of Dire£tors and Tiu5tees on 2025 Slgned on behalf of the board of dlrectors and tru5tee5 by: C. Hope Olrector and Trustee 7he notes lorm part of these financial ststements -li-
L'A5SOCIATION DES JUR15TES FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STATUTORY INFORMATION L'A5sociation des Juristes Franco-Britanniques/The Ffanco-Britlsh L3wyei's Society Limited 15 a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the company Information pa8e. STATEMENT OF COMPLIANCE The financial Statements have been prepared in compliance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Companies Act 2006 a5 they apply lo the financial statements of the company from l January 2024. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared under the historic cost convention. The financial statements are presented in sterling 1£) which 15 also the functional currency of the company. The financial statements are prepared on a going concern basis. The use of the going concern basis of accountin2 is appropriate beCaSe there are no material uncertainties related to events or conditions that may c3St significant doubt about the ability ol the company to continue as going concern. The company meets the definition of a public benefit entity under FRS 102. bj Funds structure Fund5 held by the charity are either.. Llnrestricted general funds, which are funds that can be used in accordance with the charitable objects at the discretion of the trustees- or, Restricted funds, which are funds that must be used only for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The aim and use of restricted fund5 Is set out in the notes to the accounts, Significant Judgement and estimates The preparation of financlal statements require5 management to make judgements, estimates and assumptions about the carrylnE values of 8sset$ and liabilities that are not readily apparent from other sources. The estimates ènd underlying assumption5 are based on hi5toric31 experience and other factors that are considered to be relevant. Actual results rnay differ from these estimates. The estimates and underlying assumptions are reviewed on a continuing basi5. Revisions to accounting estimates are recognised in the period In which the estimate is revised if the revision ffects only that period, or in the period of the revision and future periods if the revision affect5 both current and future periods. 12-
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUE51 THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ICONTINUED} 3. ACCOUNTING POLICIES l¢ontinuedl dl Income recognltlon policies Income is recognised when the charity has entitlement to the fund5, any performance conditions attached to the item[5} of income have been met. it is probable that the income will be received a nd the amount can be measured reliably. Income from activities such as the colloquium, conference5 and events in pursuit of the charity's objectives and f rom membership subscriptions are shown gross and reflected in the account5 in the period to which they relate. There are no permanent endowments. Income from donations to fund awards are at the discretion of the donors and are recogni5ed when received. Investment income represents interest on funds held on bank accounts and is recognised when receivable. Donated services and facilities Donated services and facilities (gifts in kindl are accounted for at a reasonable estimate of their value to the charity or the amount actually reali5ed. Expenditure Expenditure 15 fecognised once there is a legal or corkstructlve obligation to m3kÈ a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Costs of raising funds comprise ihe support costs associated with holding a colloquium, conferences and events in furtheraDce of the charity's objectives. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. gl Allocatlon of support costs Charitable expenditure include5 both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. They also include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure cate8ories of the Statement of Financial Activities on a basis designed to ref lect the use of the resource. h) Value Added Tax Value Added Tax is not recoverable by the charity and, as such, is included in the relevant costs in the Statement of Financial Activities/lncome and Expenditure account. 13-
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUESI THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20241CONTINUED) ACCOUNTING POLICIES (continued) J) Cash flow statement The financial statement5 do not include a cash flow statement because the company is exempt from the requirement to prepare such a statement under Financial Reporting Standard 102 (Charities SORP IFRS 10211 as it is a small charity. kl Foreign currencles Assets and liabilitie5 expressed in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated at the average rate of exchange ruling for the period. All exchange differences are dealt with in the profit and Ioss account. Debtors Other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Cash at bank Cash at bank compri5e5 balances held in various instant access bank accounts and represents highly liquid funds. Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. Financial instruments The charity has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrument5 are initially recognised at transaction value and subsequently measured at their settlefflent value with the exception of bank loans which are measured at amortised costs using the effective interest method. INCOME FROM DONATIONS. SUBSCRIPTIONS AND LEGACIES 2024 Total 2023 Total Unrestricted Restricted Funds Funds Membership subscriptions Voluntary donations Funds received from AJFB 1901 Funding for academic awards 8,860 635 1,494 8,860 635 1,494 1,000 8,734 540 1,000 1,000 £10,989 £i.000 £11.989 Total 2023 £9,274 £1,000 £10,274 14-
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS SOCIEfY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEM8ER 2024 (CONTIN UEDI INCOME FROM CHARITABLE ACTIVITIES 2024 Tolal Funds 2023 Total Funds unrestricted Restricted Seminar, colloquium fees, conference fees and spon50rshlp income receivable 18,473 18,473 6.090 £18.473 £18,473 £6,090 The income from charitable activities for the year ended 31 December 2024 was unrestricted. INVEsfMENT INCOME 2024 Total Funds 2023 Total Fund5 Unrestricted Restricted Bank Snterest receivable - unrestricted other interest receivable- unrestricted 319 319 200 33 £319 £319 £233 NET {EXPENDITURE}/INCOME FOR THE YEAR 2024 2023 This is stated after IcreditingllcharEing.' Accountancy fees - Independent Examination Foreign exchange difference5 3,660 3.000 58 DIRECTORS REMUNERATION ANDTHE COST OF XEY MANAGEMENT PERSONNEL The company p2id no remuneration to its directors, who are also the key management, during the year12023- £nill. Included in expenditure are costs incuried by directors totalling £nil12023 £3,529) incurred on charity business. Expenditure was in relation to postage, conferences and functions. In the year, O directors12023 5 directors) claimed reimbursement of expenses. The average number of directors was as follows.. 2024 Number 29 2023 Number 31 Diredors Is
L'ASSOCIATION DES JURISTES FRANCO-BRITANNIQUE51 THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ICONTINUEDI TAXATION 2024 2023 Based on the results for the year.. HM Revenue & Customs have advised that, given its charitable status, the company was exempt from liability to taxation on it5 income. io. ANALYSIS OF EXPENDITURE 2024 Total 2023 Total Unrestricted Restricted Charitable activities Colloquium, conference expenses, functions & sundry committee meeting expenses Franco-British Lawyers Prizes 21,730 21.730 11.712 2,000 Support costs Administration services 3,054 3,054 2.060 2024 £24,784 £24,784 2023 £14,272 £1,500 £15,772 RalslnE funds Support costs (incorporating governènce costs) Office. website and sundry costs Administration services Professional services Accountancy fees Lossllgainl on foreign exchange Sundry expenses Bank and other charges 369 2,036 600 3,660 3G9 2.036 600 3,660 479 1,373 809 3,450 58 34 288 34 288 380 2024 £6,987 £6,987 2023 £6,549 £6,549 Total 2024 £31,771 £31,771 Total 2023 £20,821 £1,500 £22,321 16-
L'ASSOCIATION DE5 JURISI-ES FRANCO-BRITANNIQUES/ THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ICONTINUEDI ii. DEBTORS 2024 2023 Due within i)ne year: Other debtor5 69 774 12. CREDITORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR 2024 2023 Subscriptions received in advance Other rreditors 865 6,660 1,225 4,950 £7,525 £6,175 17-
L'A5SOCIATION DES JURISTES FRANCO-BRITANNIQUESI THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ICONTINUEDI 13. MOVEMENT IN FUND5 At l Janua 2024 At 31 December 2024 Incorne Ex endilure Transfers Gener31 funds 38.593 29,781 {31,7711 11,oooi 35,603 Designated funds (see al below) (see bl below 700 2,500 500 500 1,200 3,000 Restricted funds 15ee al below) (see bl below) 500 500 500 5,695 5,195 Total funds £46.988 £30,781 £131,771) £45,998 MOVEMENT IN FUNDS-PREVIOUS YEAR At l Janu3 2023 At 31 December 2023 Income Ex enditurÈ Transfers General funds 44,317 15,597 120.3211 11,0001 38,593 Designated funds {see al below) 15ee bl below 700 2,000 15001 500 500 700 2,500 Restricteé funds (see al below) (see bl below) 500 500 1500} 11,000) 5,695 5,195 Total funds £52.712 £16,597 £122.321} £46.988 Deslgnated & Restricted funds UK Academic Awards. bl The FBLS Prix Universitaire Robertson-Horsington The aim of the Academic Awards (UK Academic Award for the United Kingdom and Prix Universitaire Robertson-Horsington for Fr3ncel is to reward universities offering degree programmes which promote Franco-British leEal underst3ndinE. Such programmes enable law students, academics and lawyers from both sides of the Channel to understand and appreciate both the Cominon Law and Civil Law systems and the very different rnethods of legal reasoning on which they are based. 18-
L'ASSOCIATION DE5 JUR15TES FRANCO-BRITANNIQUESI TH£ FRANCO-BRITISH LAWYERS SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR TFIE YEAR ENDED 31 DECEMBER 2024 ICONTINUED} 13. MOVEMENT IN FUNDS Icontinuedl Designated funds are those funds pledged by the Charity to the above. 14. ANALYSIS OF ASSETS BETWEEN FUNDS General Funds Deslgnated Funds Restf icted Funds Total Funds 69 Debtors Cash at Bank Creditors 69 43,059 17.5251 4,200 6,195 53,454 17,525} Total 35,603 4,200 6,195 45,998 Previous year General Funds Designated Funds Restrlcted Funds Total Fund5 Debtors Cash at Bank Creditors 774 774 52,389 {6.1751 43,994 16,1751 3.200 5,195 Total 38,593 3,200 5.195 46,988 15. ANALYSIS OF CHANGES IN NET DEBT 2024 Balance at beginnlng of yeaT Balance at end of year Other chan8es Cash Flow Cash at bankand in hand 52.389 1.065 53,454 Totsl cash and cash equivalents 52,389 1,065 53.454 Loans Total net debts 52.389 1,065 53,454 19-
L'A5SOCIATION DES IUR15TES FRANCO-BRITANNIQUESI THE FRANCO-BRITISH LAWYERS SOCIFfY LIMITED NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 16. COMPANY'S STATUS The company is limited by guarantee and has no share capital. 20
L'ASSOCIATION DES JURISTES FRANCD-BRITANNIQUESI THE FRANCO-BRITISH LAWYERS SOCIETY LIMITED DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Seminar/Colloquium fee5, conference fee5, funciions and sponsorship income receivable Voluntary donations Subscriptions receivable Interest receivable Funding for Prize Aw3rd5 18,473 2,129 8,860 319 I,ooo 6,090 540 8,734 233 1,000 30,781 16,597 Less: Ex enditure Colloquium, conference expenses. functions and sundry committee meeting expenses Franco-British Lawyer5 Prizes Administrative service5 ProfEsslonal services Computer. website and internel COSt5 Accountancy fees Bank and other charges Sundry expense5 Exchange differences 21.730 11,712 2.000 3.433 809 356 3,450 380 123 58 5,090 600 369 3,660 288 34 31.771 21321 {9901 15,7241 Net ex enditure for the ear 21