Company Registratlon Number: 02677741
Charity Number: 1015053
THE ENGLISH COLLEGE FOUNDATION
(A Company Limited by Guarantee)
Unaudited Financial Statements
for the year ended
31 August 2024
*ADXRKXLK*
0610312025
COMPANIES HOUSE
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#136

THE ENGLISH COLLEGE FOUNDATION
Index
for the year ended 31 August 2024
Legal and Administrative Information
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-12

THE ENGLISH COLLEGE FOUNDATION
Legal and Administrative Information
for the year ended 31 August 2024
Trustees
Elizabeth Cooke
Bohdan Svach
Ann Lewis CMG
Dr Martyn Bond
Denis Keefe
Janet Gunn CMG
Barbora Simkova
Eva Ovorak
Chair of trustees
Treasurer
Deputy chair
Deputy chair
Secretary
Barbora Simkova
Company registration no:
02677741
Charity registralion no:
1015053
Reglslered offlce and
Principal office
35 Burbage Road
London
SE24 9HB
Independont oxamlner
K J Maggs, F.C:A,
Hoekman way
. Spalding
PE113HE
Bankers
Barclays Bank PIC
London Corporate Banking
180 Oxford street
London
BX3 288

THE ENGLISH COLLEGE FOUNDATION
Trustees, Annual Report
for the year ended 31 August 2024
The Irustees, who are also directors for the purposes of the Companies Act, have pleasure in presenting their
report and the financial statements of the charitable company for the year ended 31 August 2024.
The trustees have adopted the provisions of the Slatement of Recommended Practice (SORP) "Accounting and
Reporting by Charities. in preparing the annual report and financial statemenls of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The English College Foundation is registered as a charity with the Charity Commission of England and Wales. It
is a charitable company, limited by guarantee with no share capital and is governed by it Memorandum
and Articles of Association, which were revised on 23 February 2012. The liability of each member in the event of
winding up is limited to £1.
In accordance with the governing document, there shall not be less than six or more than eleven trustees
(Council of Management), who are also directors for the purposes of the Companies Act at any one time. The
directors. are normally elected by the members of the charitable company in a general meeting, The Board may
appoint any member of the company as a director either as an additional director or to fill a casual vacancy. Any
member so appointed must retire at the next annual general meeting but is eligible for re-election.
The Board meets three tirnes a year and there will be an Annual General Meeting in every calendar year.
Elizabeth Cooke continued as Chairman of the Foundation, with Ann Lewis and Martyn Bond as Deputies.
Bohdan Svach acted as Treasurer throughout the year and the other 4 trustees were in poisilion throughout the
year. As a result there were 8 members throughout the year and the total amount guaranleed equates to £8.
Risk management
The directors have considered the major risks that may affect the organisation and have taken steps as far as
possible to mitigate those risks.
OBJECTIVES AND ACTNITIES
Charltable objects
The charivs objects are to advance education in particular by the esiablishment of a school or schools in Prague
using English as the predominant language of instruction.
In order to achieve this object, The English College Foundation's objectives for 2023-24 were:
to provide support and advice to The English College in Prague as needed-
to raise funds lo assist the College.,
to increase awareness of and support for the College in the UK; and
to help form a ne￿Ork of ECP alumnl studying or working in the UK, to assist then and foster their long-
term commitment to the College.
Activities and achievements
In the year under review the Foundation continued its moral and financial support for the English College. It
responded to requests for. assistance from the Headmaster, sought or offered advice when needed, and worked
hard to strengthen the alumni network.
The Foundation hosted the usual drink5 party for newly-arrived ECP graduates in October. 11 was held at the
Savoy Tap pub in London. For the first time. we invited alumni of all vintages, and it was a great pleasure to
meet Some who have lived in the UK for many years as well as those newly arrived in London

THE ENGLISH COLLEGE FOUNDATION
Trustees. Annual Report (continued)
for the year ended 31 August 2024
OBJECTIVES AND ACTIVITIES Icontinued)
Activities and achievements (continued)
The Foundation's AGM in February was a lively event held at St Bride's Foundation. Two alumni spoke about
their experiences. Petra Freddi (1999 graduate) was a student in the year the English College's opened. She
remembered how an advert shown her by her grandmother had ignited an interest in a British education. Without
telling her parents, she applied and. following a successful interview, was offered a full ECP scholarship. She
flected how important her experience at the English College had been in shaping her life both educational and
professional. She had a successful career at Goldman Sachs and Lehman Brothers as well as in private equity.
Having Spent much of her career in Hong Kong and Singapore, she is now based in London working for the
Milken Institute.
Yegor Lanovenko (2010) reflected on how his family history- grandparents peasanls near Odesa but determined
he should go to university- led to him studying at the ECP. After graduating from Bristol University, he embarked
on a career in finance, working for JP Morgan and Deutsche Bank and now in private equity. He also created
Opora, the largest Ukrainian charity in the UK, assisting Ukrainian war refugees. His efforts have not gone
unnoticed.. he was invited to a reception at No. 10 Downing Street for key people dealing with the refugee crisis.
The Headmaster then gave an update on developments at the College, induding progress with the planned
extension and redevelopment of the premises. The formal business was followed by a drlnks party.
The usual summer garden paty at the Czech Ambassadorfs residence in Hampstead had to be held over unti
September and tumed into a convivial rainy-day indoor reception. We are grateful to the Czech Ambassadof, HE
Marie Chatardova, for her hospitality and to the Embassy staff for their support. The reception raised more than
£3,000 for scholarships.
The work experience programme which the Foundation organised for a dozen years could not be arranged
because of changes in post-covid working practices. We are considering whether and if so when it might be
possible to resurrect this very valuable programme.
The Foundation's website gained in conteni and provided a useful channel for donations.
The first recipient of the newly-established ECF scholarship, Maxine Janecek, started at the ECP. We wish her
every success at the College anLI subsequently.
In Prague, Dr Nigel Brown, the longest-serving Headmaster in the school's history, has had a successful eighth
year in the post.
Following another exceptionally successful marketing effort, and despite the uncertain financial climate, student
recruitment was again strong, with the school roll rising to a record 406 without loss of quality in the 2024 intake.
meaning that the College will be at maximum capacity for the first time.
The College didn't manage to equal the exceptionally good IB results in 2023. but still achieved a creditable
average score of 34.3. One student got the maximum possible 45 points. and 12 scored 40 points or more.
83 /0 of students were accepted immediately into their first-choice universities but the geographical distribution
again changed rnarkedly. The number opting for British universities fell lo 18rik: those who do go to the UK are
concentrated in the top universities, mostly in London. The Netherlands, with 31°/0. is by far the most popular non-
Czech university destination, but this may well decline as the Dutch are aiming to reduce the number of foreign
student5. Slightly more students, 25°/o, Opted for Czech universities. Surprisingly few {70kn) chose other European
universities, though courses in English are now available in a wide range of subjects and countries but more are
heading for North America.
The project to rebuild and extend the building in Prague 9 that the College has occupied since its openin9 in 1994
finally made rapid progress, with demolition of the interior of the old building almost complete. The split-site
arrangement with a new primary school built by the Prague 9 authorities has continued and is working fairly
satisfactorily. The current annex premises will be retained until the main site is completed. It is hoped that the old
building will reopen in the autumn of 2025, as work continues on the extension.
Denis Keefe,a trustee has had a busy fourth year in office as Chairman of Governors of the English College,
especially with the building project.

THE ENGLISH COLLEGE FOUNDATION
Trustees. Annual Report (continued)
for the year ended 31 August 2024
OBJECTIVES AND ACTIVITIES (cont5nued)
Activities and achievements (contlnued)
After a difficult two years for the College, things finally got back to nomial in 2023, when all activities, trips and
events resumed with renewed enthusiasm. There will be major challenges to face over the next two years but the
Directors of the Foundation do not doubt that the College will face them with their usual resilience and creativity.
The Foundation's role in providing a gateway to an intemational future for young Czechs depends on the
expansion of its ne￿Ork of support. Conditions for fundraising are difficult, particularly in a period of economic
stringency. We are all the rn0￿ gratefvl to those who contribute to our work, and welcome others who wish to
join us in supporting the continuing and future success of the English College in Prague.
HOW THE CHARITY DELIVERED PUBLIC BENEFIT
The Foundation raises funds to support The English college in Prague as needed, including to raise funds to
assist the college fund bursaries and to increase awareness of and support for the College in the UK and to help
form a network of ECP alumni studying and working in the UK to assist them and foster their long-term
commitrnent to the College.
FUNDRAISING
The Foundation's prlncipal sources of income are donations from individuals. trusts and corporates, and the
profits from holding various events. Events are considered particularly attractive acts'vities because in addits'on to
generating surpluses in their own right. they raise awareness of the Foundation's activities.
The sources of donations are Alumni and connections thereof. The trustees ensure that the voluntary standard
for fund-raising in respect of activities on behalf of the charity are applied. The charity is not aware of any
complaints about its fundraising and it does not target any vulnerable persons for funding.
FINANCIAL REVIEW
The Board has planned activity levels and is pleased to report that these financial statements reflect success of
those plans. Incoming resources from donations and grants, decreased from those raised in the
prior period at £14,655 for the year ended 31 August 2024 (2023.. £14,655).
The Board believes that the financial position at 31 August 2024 and the performance to date is satisfactory. Net
assets at 31 August 2024, were £64.071 (2023: £43,340), which means that the charity has suffi'cient liquidity to
continue to manage its operats'ons efficiently.
As with all charities, fundraising in the current economic climate remains a challenge. During this period of
transition, the Board has been prudent in the expenditure incurred.
RESERVES POLICY
The trustees consider that reserves of £1,000 for the purpose of settling ongoing annual costs of running the
The Board reviews annually the reserves policy and the level of free reserves, which are shown in the financial
slatements as "unrestricted funds" The unrestricted funds, being the net assets. are freely available for the
Foundation's general purposes and were £63,071 at 31 August 2024 (2023.. £42,340). The Foundation does noi
hold any restricted funds (2023.. none).
Any excess will be kept in low-risk mostly cash assets until such time that funds are needed to be passed to the
College or scholarship recipients after the accounts have been approved. At times these funds may be built to
assist with larger developemnts at the College. Any deficit will be recovered by holding fundraising events for that
very purpose.

THE ENGLISH COLLEGE FOUNDATION
Trustees. Annual Report (continued)
for the year ended 31 August 2024
TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of The English College Foundation for the purposes of company law) are
responsible for preparing the Trustees Annual Report and the financial stalements in accordance with applicable
law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing these
financial ststements, the trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been follovrfed, subject to any material departures
disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The truslees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assels of the
charitable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other
irregularities.
INDEPENDENT EXAMINER
A resolution to re-appoint Mr K J Maggs as independent examiner for the ensuing year will be proposed at the
annual general meeting.
SMALL COMPANY PROVISIONS
This report has been prepared In accordance with the special provisions for small companies under Part 15 of
the Companies Act 2006.
Signed by order of the Trustees
Elizabeth Cooke
Chair of trustees
Date:
LOL

Independent Examiner's Report to the trustees of the
THE ENGLISH COLLEGE FOUNDATION
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August
2024, which are set out on pages 7 to 12.
Responsibilities and basls of report
As Ihe charity trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in.accordance with the requirements of the Companles Act 2006
('the 2006 Act,).
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 company's
accounls as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my
examination I have followed the Direclions given by the Charity Commission under section 145(5)(b) of the 2011
Act.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the Act. or
the accounts do not accord with those records., or
the accounts do nol comply with the accounting requirements of section 396 of the 2006 Act olher Ihan
any requirement that the accounls give a 'lrue and fair viev/ which Is not a matter considered as part of an
independent examination: or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in'lhe UK and Republic of
Ireland (FRS 102).
I have no concerns and have come across no other matters in connection wlth the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
artered A
Spalding
countant
Date:

THE ENGLISH COLLEGE FOUNDATION
Statement of Financial Activities (including Income and Expenditure account)
. for the year ended 31 August 2024
2024
2023
Note
Income from:
Donations and grants
Investments=
Bank interest received
28,208
14,655
606
299
Total income
28,814
14,954
Expendlture on:
Raising funds
Charitable activities
97
1.398
7,986
8,083
1.726
Totsl expenditure
3,124
Net Sncome l (expendlture)
20,731
11,830
Transfers belween funds
Net movement In funds
20,731
11,830
Reconclllatlon of funds:
Total funds brought forward at. 1 September
Total funds carried forward at 31 August
43,340
64,071
31,510
43.340
All of Ihe activities of the charity are classed as continuing activities and relate to unreslricled funds.
The statement of Financial Activilies includes all gains and losses recognised in the year.
The notes on pages 9 to 12 form part of these financial statements.

THE ENGLISH COLLEGE FOUNDATION
Balance Sheet
At 31 August 2024
2024
2023
Note
Current assets
Debtors
Cash at bank and in hand
6,170
58,701
1,836
42.164
64,871
44,000
Creditors: Amounts falling due
within one year
Net current assets
(800)
(660)
64,071
64,071
43.340
43,340
Total assets less current Ilabllltles
Funds
Unrestricted
64,071
43,340
The accounts have been prepared In accordance with the provisions appllcable to companies subject to Ihe
small companies regime for the year ended 31 August 2024, the charitable company was entitled to exemption
from audit under Section 477 of the Companies Act 2006 (the Acl) relaling lo small cornpanies.
Trustees responsibilites..
(i) The members have not required the charity to obtain an audit of its accounts for the year.in question in
accordance wilh Section 476
(li) the directors acknowledge their responsibilities for complying with the requirements of the Act with
respect lo accounting records and the preparation of accounts.
These financial statements were approved and authorised by the Trustees on the
signed on their behalf by..
and are
. Elizabeth Cooke /
Chair of trustees
dan Svach
Treasurer
Company Number: 02677741
The notes ori pages 9 to 12 form part of these financial statements.

THE ENGLISH COLLEGE FOUNDATION
Notes to the Financial Statements
for the year ended 31 August 2024
1. Accounting policies
General information'and basis of accounting
The English College Foundation is a company limited by guarantee registered in England and Wales. In
Ihe event of the charitable company being wound up, the liability in respect of the guarantee is limited to
£1 per member of the charity.
The address of the registered office of the charity is given in the charity information on page 1 of these
financial statements. The nature of the charity's operations and principal activities are detailed in the
trusiees report on pages 2 to 5.
The charlty constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
'Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011
and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include.certain items al fair value. The financial statements are presented in sterling which is
the functional currency of the charity and rounded to the nearesl £.
The significant accounting policies applied in the preparation are set out below. These policies have
been consistently applied to all years presented unless otherwise stated.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unreslricted funds that have been set aside by the truslees for particular
purposes. The aim and use of each designated fund is set out in Ihe notes to the financial slalements.
Restricted funds are funds which are to be used In accordance wilh specific reslrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted fund
is set out in the notes to the financial statements.
Income recognition
All incoming resources are included in the Statement of Financial Activities when the charity is legally
entitled to the income after any performance conditions have been met, the amount can bé measured
reliably and it. is probable thal the income will be received.
For donalions to be recognised the charity will have been notified of the amounts and the seltlement
date in writing. If there are conditions attached to the donation and this requires,a level of performance
before entitlement can be obtained then income is deferred until those conditions are fully met or the
fulfilmenl of those conditions is within the control of the charity and il is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when
their economic benefit is probable, it can be measured reliably and the charity has control over the item.
Fair value is determined on the basis of the value of the gift to the charity..
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Income from trading activities includes income earned from fundraising events and trading activities to
raise funds for the charity. Income is received in exchange for supplying goods and services in order lo
raise funds and is recogni5ed when entitlement has occurred.
.Interest on funds held on deposit is included when receivable and the amount can be Measured reliably
by the company., this is normally upon notification of the interesl paid or payable by the bank.

THE ENGLISH COLLEGE FOUNDATION
Notes to the Financial Statements (continued)
for the year ended 31 August 2024
1. Accounting policies (continued)
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings thal
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
onstructive obligation to make payments to third parties, it is probable that the settlement will be
r.equired and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Charitable activity expenditure is detailed in note 3 to the financial statements. These expenses are
subcalegorised belween charitable activities, support costs and governance costs.
Support costs are those that assist the viork of the charity but do not directly represent charitable
activities and include office costs. computer costs, and bank charges. They are incurred directly in
support of expenditure on the objects of the charity.
Costs of raising funds are those costs relating lo generating voluntary income and are allocated. where
applicable lo the specific period in which are funds raised. If expenditure does not relate to a specific
event then those costs are reflected in the period lo which they relale.
Governance costs are costs of charitable activities but those which relate to the governance and
stewardship of the charity rather than directly to Ihe activities themselves.
Support costs and Governance costs are allocaled to applicable restricted fund5 based on the level of
income that each project earns for Ihe charity.
The charitable company was responsible for the pre-opening costs of the CoSlege, which had been set
up in Prague in the financial year ended 31 January 1994. During 1995, the College was registered as
charity In ils own right (in the Czech Republic) with ils own Board of Adminislration responsible for its
operation, Financial assistance afforded to the College Is recognised in the chariW5 Statement of
Financial of Activities as grants on the date that the grant is awarded and communicated, and support
costs on an accruals basis.
Foreign currencies
Transactions in foreign currencies are translated at rates prevailing at the date of the transaction.
Balances denominated in foreign currencies are Iranslaled at the rate of exchange.prevailing al the year
end.
Oeblors and. credltors recelvable I payable wlthln one year
Debtors and creditors with no slated interest rale and receivable or payable within one year are recorded
at transaction price. Any losses arlsing frorn impairment are recognised in expenditure.
Taxation
The charfity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meets
the deflnition of a charitable company for UK corporation tax purposes.
Going Goncern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level
of income and expenditure for 12 months from authorising these financial statements. The budgeted
income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a
going concern.
ln

THE ENGLISH COLLEGE FOUNDATION
Notes to the Financial Statements (continued)
for the year ended 31 August 2024
1. Accounting policies (continued)
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make-judgements, estimates and
assumptions Ihat affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experien￿ and other factors, including expectations of future events.that are
believed to be reasonable under the circumstances. Revisions to accounting estimates are recognised
in the period in which the estimate is revised if the revision affects only that period or in the period of the
revision and future periods if the revision affects both current and future periods.
2. Income from donations and grants
2024
2023
Donations
Gift aid
22,680
5,528
28,208
13,000
1.655
14.655
' Total donations and grants
3. Charitable activities expenditure
2024
2023
Charltable activltles
Grants payable:
Donations to the English School in Prague
6,436
Support costs
Insurance
Office costs
441
69
351
715
510
1,066
Governance costs
Independent examination fee
1,040
660
Charitable aclivilies expenditure
7,986
1,726
4. Staff costs and employee benefits.,
No employee received total employee benefits (excluding employer pension costs) of more than £60,000
in either the current'or prior year.
No amounts are payable to the director5 1 trustees in respect Of remuneration, benefits In kind or
reimbursement of expenses.
On a day lo day basis, the administration of the charity is undertaken on a voluntary basis by the
Directors l Trustees.

THE ENGLISH COLLEGE FOUNDATION
Notes to the Financial Statements (continued)
for the year ended 31 August 2024
5. Debtors
2024
2023
Gift Aid claims
Prepayments
Accrued income
5,528
107
535
1,655
34
147
6,170
1,836
6. Creditors: Amounts falling due withln one year
2024
2023
Accruals and deferred income
800
660
7. Control relationship
The charity is controlled by the trustees jointly and no individual can or does exert control over the
others.
8. Related party transactions
During the year, donations from the trustees amounted to £21,924 (2023.. £4.131).
No conditions or restrictions were attached-lo the donations.
No amounts were outstanding al the year end12023'. nil).
1?-