REGi&fERED COMPANY NUMBER: 0376371KJ (EDgl4nd and Wales) REGISTERED CHARrrY NUMBER: 1113773 Report of the Trustees and Ungudlted Fmanc121 StAtemeDts for the Year Ended 31 August 2024 for ALLIANCE FRANCAISE DE iK)NDRES LtMtTED
ALLIANCE FRANCAISE DE LONDRES LIMITED
Contents of the Financial Statements for the Year Ended 31 August 2024
| Page | ||
|---|---|---|
| Report of the Trustees | I | I 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 | 8 to 13 |
ALLIANCE FRANCAISE DE LONDRES LThIITED (REGISTERED NUIVIBER: 03763700) Report of the Trustees for the Year Ended 31 August 2024 The trustees who are also director5 of the charity for tbe pwposes of the Compallies Act 2006. PTesent their report with the financial statements of the chartty for the yedr ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Cl]arities'. Ststement of Recommended Practice applicable to cl]arities preparing their aceounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The charitable CoMpanS objectives during the year were the advancement of the education of the public in French language, French literature. and French wlture. aiming for aD ellTiched dialogue between cultures and a s]Mring of values. These objectives are achieved by providing Frencb language COULses in London taugbt by qualified French nationals and by providing support and coordination to programmes of culÉurnl activities around French or crosStUral topics organised by affiliated culturdl groups. STRATEGIC REPORT A¢bleVeent 2nd performance Income from teacbing has decline(L continuing the FN)st pandemic trend. The board believes the situation has stabilised and support for the chaTitys beneficiari&s h&8 been mairi. Financial revie The company continued to draw on reserves a8 activity lias not returned to pre-pandemic levels. The sale of a building has boosted SerVeS. Princfip risks and uncertainties Inflation and its effects on household spendtng patterns continue to cause uncertainty just as it did last year. There is oncern that the increased tsxes following last Octoberfs budget may have a detrimeotsl effect and iTthibÈt growth in teaching activity. Future plans The Alliance will continue to pmmote teacbing atld continue to develop histori reseatclL STRUCTURE, GOVERNANCE AND MANAGEME Governing document The charity is controlled by its governing aUmen( a deed of Inrt and cotbstitufrs a lilnited cowy as defwed by the Companies Act 2006. OrEanisational structure The board is closely iuvolved in all policy decisions both at ith level and in various ad-hoc comn]ittees. Risk management The ttustees have a duty to identify and review the risks to which the cl]arity is extKised and to ensure appropriate contro15 are in place to provide reawnable assurance against fraud and enur. Registered Company number 03763700 (England and Wales) Registered Charity number 1113773 Registered office 6 Porter Street London NWI 6PU Page I
ALLLINCE FRANCAISE DE LONDRES L1[TED (REGISTERED NUMBER: 03763700) Report of the Trust lor the Year Ellded 31 August 2024 Trustees R M Fairbairn Dr C M L Gilling-smith DrCHug GASmith Company Secretary R M Fairbairn Independent Exvdminer BDA Associates Lirnited Chartered Accountants Global House l Ashley Avenue Epsom Surrey KT18 SAD Report of the trust directors, on ......... incoryx)rdting a strdtegic rem appmved by order of the board of ttees, as the company .. and signed on tbe board's bel1[ by. G A Smith _ Trustee Page 2
Independent EMiner'S Report to the Truslees of Alliance Fr2neatse De iA•ndres Limited Independent eiaminer's report to the tnjstees of Alliance Francaise De Londres Lfimited ('the Company,) I report to th¢ ¢lwity trustees on my exan]inalioll of Éht aLLouII15 of the Company for the year ended 31 August 2024. Responsibilitie5 and basis of report As the charity's trustees of the Company (and also its directOT5 for the purp)ses of company law) you are responsible for the preparation of the acLounts in accordance with the requirements olthe Companies Act 2006 Cthe 2006 Act,). Having satisfied rnyself thai tbe accounts" of the Company are not required to b¢ audit under Part 16 of the 2006 Act and are eligible for independent exafftitiatio I report in respect of my examination of your charitys accounts as carried out under Seclion 145 of the Clwilies Act 2011 ('the 2011 Act,). In canying out my examination I have followed the Directions givm by the Charity Commission under S¢rtion 145(5) (b) of the 2011 Act. Independent examiner's stAtement Since your charity's gross income exceed&l £250,0(K) your examiner n)ust be a member of a listed ky. I can confm that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, wbicb is one of the listed bodies. I have completed tny examination. I confinn that no have cotne to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Compally as requId by Section 386 of Ihe 2006 Act. or the accounts do not accord with those records; or the acLounts do oot comply with th¢ ¥counting requirwnents of Section 396 of the 2006 Act other t]wi any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been ppared in accordance with the methods and principles of the Statement of Recomtnended Practice for accounting and reporting by charities (applicable lo ckwities preparing their accounts in accordance with the Financial Reporting Standard applicdble in the UK and Republi¢ of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the ¢xamination to which attention should b¢ drawn in this report in order io enable a proper wwlersTatKling of the accounts ro be reached. RAje5h Amin FCA The Institute of Chartered Accountants in England and Wales BDA As50ciates Limited Ch1¢¢[¢d Alivunls. Global House l Ashley Avenue Epsom Surrey KT18 SAD Page 3
ALLIANCE FIiANCAISE DE LONDRES LIMITED ststement of Financial Activities for the Year Ended 31 August 2024 31.824 Total unds 31.8.23 Total lunds unStrICted Restricted fullds fimd Notes INCOME AND ENDOWMENfs FROM Charitable acllvities Promoting French language and culture 184214 184,214 527,731 Investment income Other income 34249 989240 34249 989240 2.570 Total I J07,703 1,207,703 530.301 EXPENDITURE ON Charitable actlVAties Promoting French langlge and culture 71JOJ94 700J94 78 I,843 NET INCOMEI(KXPENDfTuRE) 507J09 507J09 (251,542) RECONCILiATION OF FUNDS Total fiu]ds brought fonvaTd 1814,486 1,414,486 1,666,028 TOTAL FUNDS CARIUED FORWARD 1921,795 1,921.795 1,414,486 The notes fonn part of Éh£5e financial statements Page 4
ALLIANCE FRANCAISE DE LONDRES LIMITED (REGISTERED NUMBER: 03763700) ststement ofFinsncial Position 31 August 2024 31.824 Total funds 31.8.23 Total fidS Unrestrided Restricted funds fund Not&s FIXED ASSETS Tangible assets li 5,475 5,475 1.112,929 CURRENT ASSETS Debtors Cash at bank and in hand 12 15.224 1.936,221 15224 1,936221 15,816 374.251 1,951,445 1,951,445 390.067 CREDITORS Amounts falling due within one year 13 (3S125) (35,125) (88,510) NET CURR ASSETS 1,916J20 1,916J20 301.557 TOTAL ASSETS LESS CUIUiENT LIABtLITIES 1,921,795 1.921.795 1.414.486 IYET ASSETS 1.921,795 1.921.795 1.414.486 FUNDS Unrestricted fdS 14 1,921,795 1,414,486 TOTAL FUNDS 1,921,795 1,414,486 The CEItable compally is entitled to exen)ption from audit under Section 477 of the COPanIeS Act 2006 for the year ended 31 August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Compaui¢s Act 2(X>6. The ICeS acknowledge their responsil)ilities for (a) etIng that the Charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and PTeparing LSnancial statements which give a true and fair view of the Slate of affairs of the charitable company as at the end of each fi¥wl31 y¢ar and of its sluS or deficit for eacb fjnancial year in accordance with the iequirements of Sections 394 and 395 and which otherwise comply with the requirennts of the CorE)panies A¢t 2006 relating to financial statements. so tar &$ applicable to the charitable company. (b) The financial statements were approved by thc Board of TDJstees and aut]wrised for issue .. and were signed on its bebalfby: on G A Smith- Ttustee The notes fonn part of fiDan¢ial statements Page 5
ALLIANCE FRANCAISE DE LONDRES LITED Statement of Cash Flows for the Year Ended 31 August 2024 31.824 31.8.23 Note5 Cash floiv$ from opernting ¥¢tivities Cash generated from operations (560.280) (231.098) Net cash used in operating adivities (560,280) (231.098) Casb flows from investing acttvtties Purchase of tangible fixed assets Sale of tangible fLKed assets Illterest rcceived (1,239) 1089340 34,249 (2,058) 2,570 Net cash provided by investing activities 2,122250 512 Chattge in cash and cash equfvAlellts in the reporting period Cash and c9sh equivalents at the beginning of the reporting period 1561.970 {230,586) 374,251 604.837 Cash and cash equivalents at the end of the reporting period 1936,221 374.251 Thc no$ form p8rt of these financial statements Page 6
ALLIANCE FRANCAISE DE LONDRES LtMITED Notes to the ststeeDÉ of Cash Flows for the Year Ended 31 August 2024 RECONCIIIATION OF NET INCOMEI(EXPENDrruRE) TO NET CASH FLOW FROM OPERATING AcfiviTIES 31.8.24 31.823 Net ineomel{expenditure) for the reportfing period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Profit on disposal of fixed assets Interest received Decrease in debtors (Decrease)linci¢ase in creditors 507J09 (251542) 5,459 (986,006) (34349) 592 (53J85) 7,569 (2,570) 3,378 12,067 Net easb used ID operations (560,280) (231,098) ANALYSIS OF CHANGES IN NET FUNDS At 1.9.23 Casb flow At313.24 Net cash Cash at bank and in hand 374251 1561970 I93221 374251 IA61,970 1,93&221 Total 374251 1561970 1,93Q221 The notes forni part of thes¢ fu)an¢ial sthteulents Page 7
ALLIANCE FRANCAISE DE LONDRES LIMfTED Notes to the ¢11 Statements for the Year Ended 31 August 2024 ACCOUIYTtY4G POLICIES Basi5 of preparing the fingnci81 statements The financial statements of the charilable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the ChaTÈti¢s SORP (FRS 102) 'Accounttng and Reporting by CIRrities: Statement of Recommended Prn¢ti¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable iu the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reportillg Standard 102 The Financial RqM)rting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2(KJ6. The financial statements have be£n prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Artivitie5 On the cbarity bas entitlement to the fills, it is probable tbat the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as ¢xpenditure &$ 500n a5 there is a legal or constructive obligation cOnnitting tbe charity to that expendibjre, it is probable that a transfer of economic benefits will be required in settlement aud the amount of the obligation can be measured reliably. Expend1tLe is a¢cow)ted for on an accruals basis and has bcen cIlfied under headings that agsale all cost reIated to the category. Where costs caDnot be directly attributed to particular headings they have been allocated to activities on a basis consistent witli the use of resources. TnRe red assets Depreciation 15 provided at the following annual rates in order to write off each asset over its estinted use1 lÈfe. Fixtures & equipment 33 /0 on reducing balance Depreciati¢)n has not been provid1 on the fre¢hold ptopety on the grounds of immateriality due to a long useful onomic life and a bigb residual value. The company bas a policy of regular repair and nintenanCe. charged to the profit and loss accounL so that the asset maintai8 its perfonnance standards. Where depreciation bas not been charge( and in accordance with FRS 15. the trustees cany out an inipainnent review at the end of each ac¢ountiThg peri Taiadon The charity is exempt from cory?r2tion tsx on its clwitsble activities. Fund accounting Unrestricted fullds can be used in accordance with the clwitable Objecti at the discretion of the trstee5. Restrictcd llds can only b¢ used for particular rcstricted pu4Se5 within the objccts of the ckthrkty. Rcstrirtious arise when specified by the donoror when funds are raised for particular restricted purposes. Further explallatioo of tb¢ Dalure aod puTtKw of each fin]d is included ill the notes to the financial statements. Pension costs And other post-retirement benefits The charitabl¢ wmpany operates a defmed contribution nsiOn scheme. Contributions payable to the charitable cotnpany's pensiou scheme are cbargcd to the Ststement of FitbaD¢iai Activities in the period to wbich they relate. contioueiL..
ALLIANCE FRANCAtSE DE LONDRLS LIMtrED Notes to the Fillancial Statements- continued for the Year Ended 31 August 2024 io. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES Unrestricted funds ResiTiCted fllnd Total funds INCOME AND ENDOWMENTS FROM Charitable activities Promoting French language and cultute 527.73 L 527,731 Investtnent illCQTlle 2.570 2,570 Totsl 530.301 530.301 EXPENDITURE ON Charitable activities Promottng French language and culture 781,843 781,843 NET tNCOMEI(EXPENDrruRE) (251.542) (251,542) RECONCILIATION OF FUNDS Total fi]llds brougbt forward 1,666.028 1.666.028 TOTAL FUNDS CARRIED FORWARD 1,414,486 1.414.486 TANGIBLE FIXED ASSETS Freehold property Fixtures & equipment Totals COST At I September 2023 Additions Disposals 1,100,000 26Q671 lJ66,671 1239 1239 (232,691) (lJ32,691) {i.100,000) At 31 August 2024 35,219 35,219 DEPRECIATION At I September 2023 Charge for ycat Eliminated on disposal 253.742 5.459 (229,457) 253,742 S,459 (229,457) At 31 August 2024 29,744 29,744 NET BOOK VALUE At 31 AUg$t 2024 5,475 5,475 At 31 August 2023 I.100.(J)O 12,929 1.112.929 Pagell continued...
ALLIANCE FRANCAISE DE IA)NDRFS LIMITED Notes to the FmaDeial Statements- Continued for the Year Ended 31 August 2024 12. DEBTORS: AMOUNTS FALLtNG DUE TH[N ONE YEAR 31J.24 31.8.23 Course debtors Other debtors and prepayments 1,605 14,211 12J80 15224 15,816 13. CREDITORS.. AMouKfs FALLLYG DUE WITHtN ONE YEAR 313.24 31.8.23 Trade creditors Social security and othcr taxes Accruals and deferred income 1,934 9,536 77,040 5282 29J95 35,125 88.510 14. MOVEMENf IN FUNDS Net movement in funds At 31.8.24 At 1.923 Unrestricted funds G¢nerni fund IA14A86 507J09 1,921,795 TOTAL FUNDS 1,414,486 507J09 1,921,795 Net movement ill fund& Iluded ill the aiK)ve are as follows: tncoming Resour expended Movement in funds Unrestrieted fllnds General fijnd 1207.703 1700J94) 507J09 TOTAL FUNDS 1207.703 1700J94) 507J09 Compxratives for movemeDt in fuDds Net movement ID fimds At 1.912 31.8.23 Unrestricted fvnds General fill 1.666.028 (251,542) 1,414.486 TOTAL FUNDS 1,666.028 (251.542) 1,414.486 P8ge 12 continued...
ALLIAIYCE FRANCAISE DE LONDRLS LIMfrED Noles to Ihe Fillancial Ststements- continued for tbe Year Ended 31 August 2024 14. MOVEMENT IN FUNDS- continued Comparntive net tnovement in fun(t% included in the above ate as follows: LnwmiDg Resources resources expended Movement in funds Unrestricted funds General fund 530.301 (781,843) (251,542) TOTAL FtiThDS 530JOI (781,843) (25 1,542) A cutrent year 12 mouths and prior year 12 months COllEbined FM)sition is as follows: Net ovemeut in fimds At 31.8.24 At 1.9.22 Unrestricted funds Generdl fijnd 1,666,028 255,767 1,921,795 TOTAL FUNDS 1,666,028 255.767 1,921,795 A current year 12 months aud prior year 12 molltbs cotubined tt nioven]eDt in fun(Is, included in the above are as follows: Incomi Resources Movement resources in funds Unr¢stri¢ted lldS General fund 1.738.IMH (1,482,237) 255.767 TOTAL FUNDS 1,738.IX)4 (1.482.237) 255.767 Included in total funds are nine £1 onlin8ry sliar&s in issue. The trust bave no beneficial interest in the issued Share capital. 15. RELATED PARTY DISCLOSURFS There were no related paty traDsaclioas for the yffJr ended 31 August 2024. Page 13