REGISTERED COMPANY NUMBER: 03763700 (England and Wales)
REGISTERED CHARITY NUMBER: 1113773
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2023
for
ALLIANCE FRANCAISE DE LONDRES LIMITED
ALLIANCE FRANCAISE DE LONDRES LIMITED
Contents of the Financial Statements for the Year Ended 31 August 2023
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|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Statement|of Financial|Position|5|
|Statement|of Cash|Flows|6|
|Notes to the|Statement|of Cash|Flows|7|
|Notes to|the Financial Statements|8|to|13|
|Detailed|Statement|of Financial|Activities|14|
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ALLIANCE FRANCAISE DE LONDRES LIMITED (REGISTERED NUMBER: 03763700)
Report of the Trustees for the Year Ended 31 August 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the ycar ended 31 August 2023. The trustees have adopted the provisions of 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 Ircland (FRS 102) (effective | January 2019). OBJECTIVES AND ACTIVITIES The charitable company's objectives during the year were the advancement of the education of the public in French language, French literature, and French culture, aiming for an enriched dialogue between cultures and a sharing of valucs. These objectives are achieved by providing French language courses in London taught by qualified French nationals and by providing support and coordination to programmes of cultural activities around French or cross-cultural topics organised by affiliated cultural groups.
STRATEGIC REPORT
Achievement and performance Losses are reduced in response to an increase in income from teaching.
Financial review The company continued to draw on reserves as activity has not returned to pre-pandemic levels.
Principal risks and uncertainties Inflation and its effects on household spending pattems continue to cause uncertainty just as it did last year.
Future plans The Board are looking at several options.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The charity is controlicd by its governing document, a deed of trust, and constitutes a limited company as defined by the Companies Act 2006.
Organisational structure
The board is closely involved in all policy decisions both at board level and in various ad-hoc committees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 03763700 (England and Wales)
Registered Charity number 1113773
Registered office 6 Porter Street London NW1 6PU
Trustees RM Fairbairn Dr C ML Gilling-Smith Dr C Hug GA Smith
Company Secretary
R M Fairbairn
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ALLIANCE FRANCAISE DE LONDRES LIMITED (REGISTERED NUMBER: 03763700)
Report of the Trustees for the Year Ended 31 August 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
BDA Associates Limited Chartered Accountants Global House 1 Ashley Avenue Epsom Surrey KT18 5AD
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 9 May 2024 and signed on the board's behalf by:
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Amle
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G A Smith - Trustee
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Independent Examiner's Report to the Trustees of Alliance Francaise De Londres Limited
Independent examiner's report to the trustees of Alliance Francaise De Londres Limited (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity's 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 Companies 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 charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's pross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that T am qualificd to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
{ have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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i accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2, the accounts do not accord with those records; or 3. 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
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4, 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 the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Rajesh Amin FCA
The Institute of Chartered Accountants in England and Wales
BDA Associates Limited Chartered Accountants Global House 1 Ashley Avenue Epsom Surrey KTI8 5AD
9 May 2024
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ALLIANCE FRANCAISE DE LONDRES LIMITED
Statement of Financial Activities for the Year Ended 31 August 2023
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|---|---|---|---|---|---|---|
|31.8.23|31.8.22|
|Unrestricted|Restricted|Total|Toial|
|funds|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Charitable|activities|3|
|Promoting French language and culture|527,731|2|527,731|398,830|
|Investment|income|2|2,570|-|2,570|2,488|
|Total|§30,301|-|530,301|401,318|
|EXPENDITURE ON|
|Charitable|activities|4|
|Promoting French language and culture|781,843|-|781,843|723,593|
|NET INCOMEKEXPENDITURE)|(251,542)|-|(251,542)|(322,275 }|
|RECONCILIATION|OF FUNDS|
|Total|funds brought forward|1,666,028|-|1,666,028|1,988,303|
|TOTAL FUNDS CARRIED FORWARD|1,414,486|-|1,414,486|1,666,028|
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The notes form part of these financial statements
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ALLIANCE FRANCAISE DE LONDRES LIMITED (REGISTERED NUMBER: 03763700)
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|Statement|of Financia!|Position|
|31|August 2023|
|31.8.23|31.8.22|
|Unrestricted|Restricted|Total|Total|
|funds|fund|funds|funds|
|Notes|£|£|£|£|
|FLXED|ASSETS|
|Tangible|assets|11|1,112,929|-|1,112,929|1,118,440|
|CURRENT|ASSETS|
|Debtors|12|15,816|-|15,816|19,194|
|Cash|at bank and|in hand|374,251|-|374,251|604,837|
|390,067|-|390,067|624,031|
|CREDITORS|
|Amounts|falling due within one year|13|(88,510)|-|(88,510)|(76,443|)|
|NET CURRENT ASSETS|301,557|-|301,557|$47,588|
|TOTAL|ASSETS LESS CURRENT|
|LIABILITIES|1,414,486|7|1,414,486|1,666,028|
|NET ASSETS|1,414,486|-|1,414,486|1,666,028|
|FUNDS|14|
|Unrestricted|funds|1,414,486|1,666,028|
|TOTAL FUNDS|1,414,486|1,666,028|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company kecps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for cach financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 9 May 2024 and were signed on its behalf by:
GA Smith - Trustee
The notes form part of these financial statements
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ALLIANCE FRANCAISE DE LONDRES LIMITED
Statement of Cash Flows for the Year Ended 31 August 2023
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|---|---|---|---|---|---|
|31.8.23|31.8.22|
|Notes|£|£|
|Cash flows from operating|activities|
|Cash generated from operations|1|(231,098)|(299,167)|
|Net cash used in operating activities|(231,098)|'|(299,167)|
|Cash|flows from investing activities|
|Purchase|of tangible fixed assets|(2,058)|(1,479)|
|Interest received|2,570|2,488|
|Net cash provided by|investing|activities|512|1,009|
|Change|in|cash|and cash|equivalents|in|
|the reporting period|(230,586)|(298,158)|
|Cash|and|cash|equivalents|at the|
|beginning of the reporting period|604,837|902,995|
|Cash and|cash|equivalents|at the|end|of|
|the reporting period|374,251|604,837|
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The notes form part of these financiai statements
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ALLIANCE FRANCAISE DE LONDRES LIMITED
Notes to the Statement of Cash Flows for the Year Ended 31 August 2023
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
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|---|---|---|---|---|---|---|
|31.8.23|31.8.22|
|£|£|
|Net expenditure|for the|reporting period|(as per the Statement of|
|Financial|Activities)|(251,542)|(322,275)|
|Adjustments|for:|
|Depreciation charges|7,569|10,325|
|Interest|received|(2,570)|(2,488)|
|Decrease/(increase)|in debtors|3,378|(2,465)|
|Increase|in|creditors|12,067|17,736|
|Net cash|used|in|operations|(231,098|)|(299,167)|
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2 ANALYSIS OF CHANGES IN NET FUNDS
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|At|1.9.22|Cash flow|At 31.8.23|
|£|£|£|
|Net|cash|
|Cash|at bank and|in hand|604,837|(230,586)|374,251|
|604,837|{230,586|)|374,251|
|Total|604,837|(230,586)|374,251|
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The notes form part of these financial statements
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- ACCOUNTING POLICIES
ALLIANCE FRANCAISE DE LONDRES LIMITED
; forNotes the Yearte the EndedFinancial 31 AugustStatements 2023
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have becn prepared in accordance with the Charities SORP (FRS 102) ‘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 (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off cach asset over its estimated useful life.
Fixtures & equipment
- 33% on reducing balance
Depreciation has not been provided on the frechold property on the grounds of immateriality due to a long uscful evonomic life and a high residual value. The company has a policy of regular repair and maintenance, charged to the profit and loss account, so that the asset maintains tts performance standards. Where depreciation has not been charged, and in accordance with FRS 15, the trustees carry out an impairment review at the end of each accounting period.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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continued...
ALLIANCE FRANCAISE DE LONDRES LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
| 10. | COMPARATIVESFORTHESTATEMENTOF FINANCIALACTIVITIES | COMPARATIVESFORTHESTATEMENTOF FINANCIALACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | fund | funds | ||
| £ | £ | £ | ||
| INCOME ANDENDOWMENTS FROM | ||||
| Charitable activities | ||||
| PromotingFrench languageand culture | 398,830 | - | 398,830 | |
| Investment income | 2,488 | - | 2,488 | |
| Total | 401,318 | - | 401,318 | |
| EXPENDITUREON | ||||
| Charitable activities | ||||
| Promoting French languageand culture | 723,593 | - | 723,593 | |
| NETINCOME/(EXPENDITURE) | (322,275) | - | (322,275 } | |
| RECONCILIATIONQF FUNDS | ||||
| Total funds brought forward | 1,988,303 | - | 1,988,303 | |
| TOTALFUNDSCARRIEDFORWARD | 1,666,028 | - | 1,666,028 | |
| 11. | TANGIBLE FIXED ASSETS | |||
| Freehold | Fixtures | |||
| property | &equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At | September2022 | 1,100,000 | 264,613 | |
| Additions | - | 2,058 | 2,058 | |
| At31 August2023 | 1,100,000 | 266,671 | 1,366,671 | |
| DEPRECIATION | ||||
| Alt 1 September2022 | - | 246,173 | 246,173 | |
| Charge foryear | - | 7,569 | 7,569 | |
| At 31 August2023 | - | 253,742 | 253,742 | |
| NETBOOKVALUE | ||||
| At31 August 2023 | 1,100,000 | 12,929 | 1,112,929 | |
| At31August2022 | 1,100,000 | 18,440 | 1,118,440 |
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continued...
ALLIANCE FRANCAISE DE LONDRES LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
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|12.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|31.8.23|31.8.22|
|£|£|
|Course|debtors|1,605|600|
|Other debtors and prepayments|14,211|18,594|
|15,816|19,194|
|13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|31.8.23|31.8.22|
|£|£|
|Trade|creditors|1,934|2,269|
|Social|security|and other taxes|9,536|10,514|
|Accruals|and|deferred income|77,040|63,660|
|88,510|76,443|
|14.|MOVEMENT IN FUNDS|
|Net|
|movement|At|
|At|1.9.22|in|funds|31.8.23|
|£|E|£|
|Unrestricted|funds|
|General|fund|1,666,028|(251,542)|1,414,486|
|TOTAL FUNDS|1,666,028|(251,542)|1,414,486|
|Net movement|in funds,|included in|the|above|are as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|§30,301|(781,843)|(251,542)|
|TOTAL FUNDS|530,301|(781,843)|(251,542)|
|Comparatives|for|movement in funds|
|Net|
|movement|At|
|At|1.9.21|in|funds|31.8.22|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,988,303|(322,275)|1,666,028|
|TOTAL FUNDS|1,988,303|(322,275)|1,666,028|
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continued...
ALLIANCE FRANCAISE DE LONDRES LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
14. MOVEMENT EN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
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|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|401,318|(723,593|}|(322,275)|
|TOTAL FUNDS|401,318|(723,593)|(322,275)|
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A current year 12 months and prior year 12 months combined position is as follows:
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.9.21|in|funds|31.8.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,988,303|(573,817)|1,414,486|
|TOTAL FUNDS|1,988,303|(573,817)|1,414,486|
|A|current|year|!2|months|and|prior|ycar|12|months|combined|net|movement|in|funds,|included|in|the|above|are|
|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|931,619|(1,505,436|)|(573,817)|
|TOTAL, FUNDS|931,619|(1,505,436)|(573,817)|
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Included in total funds are nine £1 ordinary shares in issue. The trustees have no beneficial interest in the issued share capital.
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
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