REGISTERED COMPANY NUMBER: 06470940 (England and Wales) REGISTERED CHARITY NUMBER: 1125579
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY {A COMPANY LIMITED BY GUARANTEE)
Stein Richards Chartered Accountants 10 London Mews Paddington London W2 1HY
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2021
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|Report|of the|Trustees|1|to|5|
|Independent|Examiner's|Report|6|
|Statement|of Financial|Activities|7|
|Statement|of Financial|Position|8|to|9|
|Notes|to|the|Financial|Statements|10|to|17|
|Detailed|Statement|of Financial|Activities|18|to|19|
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
REPORT OF THE TRUSTEES for the Year Ended 31 December 2021
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 year ended 31 December 2021. 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 Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Dispensaire Francais - Société Frangaise de Bienfaisance cares for French and French speaking people in need, whether medical, social and/or financial need. This support is provided benevolently by French and French speaking health professionals, counsellors and visitors for the public benefit.
Public benefit
The objects and activities of the Dispensaire Francais are for the benefit of the public. The patients at the Dispensaire Francais have difficulties to access the UK health system, either because they are not registered in the NHS or simply do not understand the system and do not speak English. The 42 health professionals all give their time on a regular basis and are drawn from a wide range of specialities, reflecting the needs of the beneficiaries. The Dispensaire Frangais provides key services in preventing French-speaking people from falling through the gaps:
o Relief from suffering for those that may have endured severe physical and emotional trauma.
o Preventing further health declines through practical and well-informed intervention.
- Preventing individual cases becoming highly costly emergency admissions, thereby saving the NHS significant sums.
The Dispensaire Francais with 15 volunteers involved in social activities provides support, companionship and financial help to a range of beneficiaries from young people to senior citizens:
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" Help and support for young people going through a difficult time, including financial help (to cover the cost of a hostel)
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" Companionship and financial support for senior citizens with a regular club and home visits as well as visits to museums and concerts
In making decisions about the charity's activities to deliver its objects, the trustees have had due regard to the Charity Commission's public benefit guidance and also when exercising any powers or duties, to which the guidance is relevant.
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
REPORT OF THE TRUSTEES for the Year Ended 31 December 2021
ACHIEVEMENT AND PERFORMANCE
Review of the Year
During 2021, the Dispensaire has continued to provide expert medical services to those French and French speaking patients who for various reasons such as an inability to speak English or a lack of understanding of the NHS have difficulty accessing NHS services. In 2021, despite the Covid-19 crisis, the Dispensaire was back offering in-person consultations, whilst maintaining some online support when necessary. However, the Charity was unable to organise fundraising events, which negatively affected its revenues. The number of consultations rose to 1,787 in 2021 (of which 20% were onlme consultations), up from 1,045 in 2020 and 1,560 in 2019 as the number of doctors and health professionals, who have given their time and expertise during the year for no charge, increased to above 40. The demand in the field of psychology and psychiatry was particularly high due to the impact of the Covid-19 crisis. The first quarter of 2022 has seen a lower level of activity with 425 consultations (compared with 538 in the first quarter of 2021 and 451 in the first quarter of 2020), however the average time per consultation is up significantly, due to the higher proportion of psychologists’ interventions.
The youth walk-in clinic was successful, offering 82 consultations during 2021, up from 17 in 2020, again impacted by the higher demand for mental health support.
The Dispensaire's 15 volunteers maintained close contact with the isolated and elderly people in need of social or financial help, resuming home visits as well as elderly club activities from the last quarter of 2021.
Fundraising events could not be reinstated due to the restrictions on large group gatherings. However, the fundraising campaign among the Dispensaire's regular donors maintained its momentum over the year raising more than double the amount raised in 2020. In addition, our fundraising activity started the year on a strong footing as the Dispensaire received a special donation of £ 100,000 from a private donor on 1 April 2022.
We wish to extend our warmest thanks to the health professionals, volunteers, trustees and staff for their dedicated and hard work through the difficult Covid-19 experience. The Dispensaire could not exist without them.
FINANCIAL REVIEW
Financial position
The statement of financial activities shows the total incoming resources for the year of £ 206,917 (2020: £178,200). In addition to higher revenues from medical receipts and fundraising, receipts from rents increased as tenants resumed. their on-site activity. On the other hand, revenues from investment assets decreased as we continue to shift our investments towards lower dividend yielding companies. Expenditures were slightly lower in 2021 vs. 2020 mainly due to lower salaries as the nurse left in June 2021 and was only replaced by a new nurse in September 2021. In addition, the Charity decided not to carry out any repairs on the building. Hence, the Charity generated a gain on its activities of £2,705 (2020 losses £35,564). For 2022 we expect to gencrate a gain helped by the special donation received in April.
The statement of financial position showsa satisfactory position with unrestricted funds amounting to £3,092,625 £2,956,608).
(2020:
Investment policy
The investment assets are marketable financial instruments, which are considered to be low risk. The structure of the portfolio aims at generating income and at preserving their long-term value. The selection of investments aims to integrate responsible investment criteria in particular excluding investments in companies in the tobacco sector.
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DISPENSAIRE FRANCAJS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2021
FINANCIAL REVIEW
Reserves policy
The origins of the Dispensaire Frangais go back to 1867 when the French Hospital opened in London under the patronage of Queen Victoria. Funded by private and public funds, its vocation was to provide free medical services to all French and French speakers in need. This is still its mission today.
The Dispensaire reccived a generous donation in 2000 when the former convalescence home of the Hospital Francais based in Brighton was sold and its trustees decided to give the proceeds of the sale £1,400,000 to the Dispensaire Frangais.
Though they did not restrict the use of the funds, it was clear that the gift was made to endow the Dispensaire with enough funds to pursue its historical mission in the future as it had done in the past 150 years.
The reserves/capital of the Dispensaire are part of its legacy and meant to ensure its continuity. Though unrestricted they have traditionally been treated as if they were an endowment by the trustees. The reserves which have been invested in properly and investments are not available for spending on day fo day activities.
Accordingly, these reserves have been designated in the 2013 annual accounts to give a clear picture of the free reserves, which are available for spending on day to day activities. Until recently the Dispensaire's income from capital was sufficient to cover the cost of operations.
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
REPORT OF THE TRUSTEES for the Year Ended 3] December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Legal and Administrative
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The "Dispensaire Frangais" changed its name to Dispensaire Francais-Société Francaise de Bienfaisance after the merger in June 2014 of "Dispensaire Francais" with the "Société Francaise de Bienfaisance”.
‘The "French Clinic" otherwise “Dispensaire Francais" was the successor to the "French Hospital and Dispensary". It was a Charity registered under the number 1125579. 'Le Dispensaire Frangais-the French Clinic’ was incorporated by the trustees on 11 January 2008. The new charity was registered on | June 2009. The Trust fund was transferred to the company in 2009, The Company is a company limited by guarantee no 06470940.
The Société Francaise de Bienfaisance (French Benevolent Society, Ben no 21) was created in 1842 to help French people in hardship with financial help and support.
With similar missions, the two organisations worked closely together for many years. To develop services, the Trustees decided to join the 2 organisations and this merger was voted on 3 June 2014.
The Trustees of the French Benevolent Socicty joined the board of Trustees of the Dispensaire Francais and the charity's name was changed to Dispensaire Francais-Société Francaise de Bienfaisance (DF-SFB).
The President and the Honorary Treasurer of the Dispensaire Frangais-Société Frangaise de Bienfaisance are elected at the Annual General Mecting.
The Medical Committee is composed of the health professionals who practice at Le Dispensaire Francais. It recruits fellow health professionals and advises the Trustees on medical matters. The Medical Committee elects its Chairman.
The Social Committee is composed of the volunteers who organise home visits and a club for elderly, isolated people and give advice and financial support to young people.
The day to day management of the Dispensaire Frangais-Société Frangaise de Bienfaisance is in the care of the Administrator who acts in accordance with the directives of the President.
The Dispensaire Francais-Société Francaise de Bienfaisance is committed to making its premises available to other French Charitable Organisations with similar objectives.
The names of the Trustees who served during the year and up to the date of signing the accounts, together with those of the Administrator and relevant organisations, appear on page 4 of this report.
Information about the charity can be found on its website at www.df-sfb.org.uk.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06470940 (England and Wales)
Registered Charity number
1125579
Registered office 184 Hammersmith Road
London W6 7DJ
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
REPORT OF THE TRUSTEES for the Year Ended 31 December 2021
Trustees
G Bazard Consul Général de France BMG Charteris Company Director Former Manager C d'Angelin Company Director Mr L H Debacker Company Director Dr C Dewast-Gagneraud Gynaecologist Prof. N S Hakim Surgeon Ms J Lamirel Fund Manager (appointed 4.5.21) Dr O Lhopitallier Medical Doctor Ms O Lombard Mourre Ms M A Madelain Former Lawyer Ms F Mallevays Former Banker Ms EM C Maxwell Chartered Certified Accountant S AH Moollan Barrister D H Stockley Former Company Director Ms BM Williams Former Company Director
Company Secretary Ms M Chabrelie
Independent Examiner Rolanda Hyams BCA Stein Richards Chartered Accountants 10 London Mews Paddington London W2 1HY Bankers CAF Bank Limited 25 Kings Hill West Malling Kent ME19 4JQ
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating Approyed by order of to small companies. the board of trustees on 7.4004.AA T] A A %/iJeddLi2ié. a ndn ss i gned gned on itsont behalf by:be t y: Ms MChabrelie - Secretary
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
Independent examiner's report to the trustees of Dispensaire Francais-Societe Francaise De Bienfaisance French Clinic And French Benevolent Society (‘the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
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 I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. 1 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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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
-
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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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.
Rolanda Hyams
F.C.A Stein Richards Chartered Accountants 10 London Mews Paddington London W2 1HY
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Date: vacsnabhtac duen Sree
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 3] December 2021
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|---|---|---|---|---|---|---|
|31.12.21|31.42.20|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|96,687|80,346|
|Charitable|activities|
|Medical|Receipts|and|Patient|fees|24,078|15,736|
|Investment|income|2|86,152|82,118|
|Total|206,917|178,200|
|EXPENDITURE|ON|
|Raising|funds|3|37,011|35,972|
|Charitable|activities|
|Charitable|Expenditure|166,371|177,043|
|Other|830|749|
|Total|204,212|213,764|
|Net|gains/(losses)|on|investments|133,312|(78,367)|
|NET INCOME/(EXPENDITURE)|136,017|(113,931)|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought forward|2,956,608|3,070,539|
|TOTAL FUNDS|CARRIED FORWARD|3,092,625|2,956,608|
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The notes form part of these financial statements
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY (REGISTERED NUMBER: 06470940)
STATEMENT OF FINANCIAL POSITION
31 December 2021
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|---|---|---|---|---|---|---|---|---|
|31.42.21|31.12.20|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|9|$87,259|898,344|
|Investments|10|1,799,039|1,726,424|
|2,686,298|2,624,768|
|CURRENT|ASSETS|
|Prepayments|and|accrued|income|21,043|20,631|
|Cash|at|bank|11|404,663|328,635|
|425,706|349,266|
|CREDITORS|
|Amounts|falling|due|within|one|year|12|(19,379)|(17,426)|
|NET CURRENT ASSETS|406,327|331,840|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|3,092,625|2,956,608|
|NET ASSETS|3,092,625|2,956,608|
|FUNDS|13|
|Unrestricted|funds|3,092,625|2,956,608|
|TOTAL FUNDS|3,092,625|2,956,608|
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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 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps 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 each 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 notes form part of these financial statements
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY (REGISTERED NUMBER: 06470940)
STATEMENT OF FINANCIAL POSITION- continued 31 December 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on ANTcopepod gaegteefengeargegeOS| Wt and were signed on its behalf by:
Elis ohect aan axe EMC Maxwell - Trustee
Chd Av. qvUL: C d'Angelin - Trustee
The notes form part of these financial statements
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1,
DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2021
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been 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 2019Y, 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going concern
The accounts have been prepared on the going concern basis. The trustecs consider that there are no material uncertainties regarding the charity's ability to continue in operational existence for the foreseeable future, which is deemed to be 12 months from the date of approval of the financial statements. This statement has been made after consideration of the continuing impact of the global Covid-19 pandemic. Whilst it is recognised that income streams will be affected by these external factors, the cash reserves of the charity compared to the annual running costs, irrespective of income received, mitigates any material uncertainty of the charity's ability to operate for the period stated above. The liquidity of the charity's investment portfolio has also been taken into account in the assertion above.
Legal status of the charity
The Charity is a company limited by guarantee and has no share capital. Liability of each trustee in the event of winding-up is limited to £1.
Income
Income from rents is accounted for in the periods in which it is receivable and the charity becomes entitled to the income.
Dividends and interest, and the tax recoverable thereon, are brought into the financial statements when receivable. Grants are accounted for when entitlement to the grant and the grant is receivable.
Expenditure
Expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay for the expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the Statement of Financial Activities. The Charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
Tangible fixed assets
Tangible fixed assets are shown at cost plus any incidental expenses of acquisition less accumulated depreciation. Depreciation is applied to the Buildings to write off the cost over a period of 50 years of the estimated rebuilding cost of £550,000 at the Balance Sheet date. The element relating to the land in the cost of the Freehold has not been depreciated. Depreciation is calculated to write off the cost of fixed assets on a straight-line basis over their expected useful lives. The rate of depreciation on medical equipment is 10% per annum, and on office equipment at 25-33.33% per annum.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
General funds are unrestricted funds, which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
The maintenance fund has been designated by the Trustees for the future maintenance of the building - see Note 13.
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES- continued
Fund accounting
The Designated Fund-Property and Investments is an unrestricted fund representing the value of property and investments, net of the revaluation Fund. This fund is invested for the long term and is not available for spending on day to day activities.
Investments
Investments are included at their market value at the year end.
The variation in the market value of investments tracked in the "revaluation fund" as an “unrealised gain/loss". Upon the sale of redemption of investments a “realised gain/loss" arises from the difference between cost and market value (see Notes 10 and 13)
At the same time any historical gain/loss pertaining to this asset in the “revaluation fund" is cancelled and transferred to the General Fund (see Notes 10 and 13).
Financial assets
The charity's principal financial assets consist of cash and cash equivalents and other debtors. Other debtors are measured initially at transaction price and subsequently at amortised cost.
Financial liabilities and equity instruments
The charity's principal financial liabilities include other creditors, and accruals which are measured initially at transaction price and subsequently at amortised cost.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments, all of which are available for use by the charity unless otherwise stated.
- INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Rents received | 33,505 | 26,120 |
| Investment Income | 52,647 | 55,998 |
| 86,152 | 82,118 |
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
- RAISING FUNDS
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 December 2021
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Investment|management|costs|
|31.12.21|31.12.20|
|£|£|
|Investment Management Fees|15,564|14,417|
|4,|SUPPORT|COSTS|
|Governance|
|costs|
|£|
|Charitable|Expenditure|9,603|
|Support|costs,|included|in|the|above,|are|as|follows:|
|Governance|costs|
|31.12.21|31.12.20|
|Charitable|Total|
|Expenditure|activities|
|£|£|
|Examiners|fees|4,500|5,100|
|Accountancy|fees|2,366|2,285|
|Legal|fees|2,737|4,188|
|9,603|11,573|
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|---|---|---|---|---|---|
|5.|NET|INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after|charging/(crediting):|
|31.12.21|31.12.20|
|£|£|
|Depreciation|- owned|assets|13,175|13,078|
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- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 December 2021
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|7,|STAFF|COSTS|
|The|average|monthly|number of employees|during|the|year|was|as|follows:|
|31.12.21|31.12.20|
|Charity|staff|3|4|
|No|employees|received|emoluments|in|excess|of £60,000.|
|8.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|
|funds|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|80,346|
|Charitable|activities|
|Medical|Receipts|and|Patient|fees|15,736|
|Investment|income|82,118|
|Total|178,200|
|EXPENDITURE|ON|
|Raising|funds|35,972|
|Charitable|activities|
|Charitable|Expenditure|177,043|
|Other|749|
|Total|213,764|
|Net|gains/(losses)|on|investments|(78,367)|
|NET INCOME/(EXPENDITURE)|(113,931)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|3,070,539|
|TOTAL FUNDS|CARRIED FORWARD|2,956,608|
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 December 2021.
| 9, | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Freehold | Plant and | |||
| property | machinery | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At | January 2021 | 1,075,051 | §5,135 | |
| Additions | - | 2,090 | 2,090 | |
| At 31 December 2021 | 1,075,051 | 57,225 | 1,432,276 | |
| DEPRECIATION | ||||
| At } January2021 | 179,636 | 52,206 | 231,842 | |
| Charge foryear | 11,682 | 1,493 | 13,175 | |
| At 31 December 2021 | 191,318 | 53,699 | 245,017 | |
| NET BOOK VALUE | ||||
| At 31 December 2021 | 883,733 | 3,526 | 887,259 | |
| At 31 December 2020 | 895,415 | 2,929 | 898,344 | |
| 10, | FEXEDASSETINVESTMENTS | |||
| Listed | Unlisted | |||
| investinents | investments | Totals | ||
| £ | £ | £ | ||
| MARKET VALUE | ||||
| At 1 January2021 | 1,726,424 | - | 1,726,424 | |
| Additions | 880,624 | 40,411 | 921,035 | |
| Disposals | (981,733) | - | (981,733) | |
| Revaluations | 130,813 | 2,500 | 133,313 | |
| At 31 December2021 | 1,756,128 | 42,911 | 1,799,039 | |
| NETBOOKVALUE | ||||
| At 31 December2021 | 1,756,128 | 42,911 | 1,799,039 | |
| At 31 December 2020 | 1,726,424 | - | 1,726,424 | |
| There were no investment assets outside the UK. | ||||
| Costorvaluation at 31 December 2021 is represented by: | ||||
| Listed | Unlisted | |||
| investments | investments | Totals | ||
| £ | £ | £ | ||
| Valuation in2021 | 245,536 | 2,500 | 248,036 | |
| Cost | 1,510,592 | 40,411 | 1,551,003 | |
| 1,756,128 | 42,911 | 1,799,039 |
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DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 December 2021
| 11. | CASH ATBANK | |||||
|---|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||||
| Total | Total | |||||
| funds | funds | |||||
| £ | £ | |||||
| Deposit withCOIF | - | 37,629 | ||||
| Deposit with Investment Managers | 126,015 | 40,250 | ||||
| Bank account | 86,594 | 59,328 | ||||
| CAF 1 year fixed term | 100,041 | 100,000 | ||||
| CAF 60 Shawbrook savings | 91,886 | 91,291 | ||||
| Cash in Hand | 127 | 137 | ||||
| Total | 404,663 | 328,635 | ||||
| 12. | CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR | YEAR | ||||
| 31.12.21 | 31.12.20 | |||||
| £ | £ | |||||
| Other creditors | 9,090 | 3,225 | ||||
| Accrued expenses | 10,289 | 14,201 | ||||
| 19,379 | 17,426 | |||||
| 13. | MOVEMENT INFUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.21 | in | funds | funds | 31.12.21 | ||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 264,078 | 2,705 | 69,700 | 336,483 | ||
| Revaluation Fund | 368,841 | 133,312 | (254,118) | 248,035 | ||
| Maintenance Fund | 70,690 | - | (846) | 69,844 | ||
| Designated Fund-Property and Investments | 2,252,999 | - | 185,264 | 2,438,263 | ||
| 2,956,608 | 136,017 | - | 3,092,625 | |||
| TOTALFUNDS | 2,956,608 | 136,017 | - | 3,092,625 | ||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 206,917 | (204,212) | - | 2,705 | ||
| Revaluation Fund | - | - | 133,312 | 133,312 | ||
| 206,917 | (204,212) | 133,312 | 136,017 | |||
| TOTALFUNDS | 206,917 | (204,212) | 133,312 | 136,017 |
Page 15
continued...
DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 December 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.1.20|in|funds|funds|31.12.20|
|£|£|£|£|
|Unrestricted|funds|
|General!|fund|300,391|(35,564)|(749)|264,078|
|Revaluation|Fund|410,017|(78,367)|37,191|368,841|
|Maintenance|Fund|73,704|-|(3,014)|70,690|
|Designated|Fund-Property and|Investments|2,286,427|-|(33,428)|2,252,999|
|3,070,539|(113,931)|-|2,956,608|
|TOTAL|FUNDS|3,070,539|(113,931)|-|2,956,608|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|178,200|(213,764)|-|(35,564)|
|Revaluation|Fund|-|-|(78,367)|(78,367)|
|178,200|(213,764)|(78,367)|(113,931)|
|TOTAL FUNDS|178,200|(213,764)|(78,367)|(113,931)|
|A|current year|12|months|and|prior year|12|months|combined|position|is|as|follows:|
|Net|Transfers|
|movement|between|At|
|At|1.1.20|in|funds|funds|31.12.21|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|300,391|(32,859)|68,951|336,483|
|Revaluation|Fund|410,017|54,945|(216,927)|248,035|
|Maintenance|Fund|73,704|-|(3,860)|69,844|
|Designated|Fund-Property|and|Investments|2,286,427|-|151,836|2,438,263|
|3,070,539|22,086|-|3,092,625|
|TOTAL FUNDS|3,070,539|22,086|-|3,092,625|
----- End of picture text -----
Page 16
continued...
DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
| | : j 4 E
- RELATED PARTY DISCLOSURES
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 December 2021
13. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains and|Moveinent|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|385,117|(417,976)|-|(32,859)|
|Revaluation|Fund|-|-|54,945|54,945|
|385,117|(417,976)|54,945|22,086|
|TOTAL FUNDS|385,117|(417,976)|54,945|22,086|
----- End of picture text -----
Revaluation Fund
The revaluation fund tracks the fluctuation in market value of the investments. An adjustment is made to the Revaluation Fund for investments disposed of during the current year by cancelling cumulative unrealised gain and/or loss that has arisen in a previous period. The gain on historic cost is transferred to the General Fund. The balance on the Revaluation Reserve represents the accumulated unrealised gains on current holdings of investments,
Maintenance Fund
The Trustees have made the decision to create a Maintenance Fund to which an amount will be allocated each year as required out of the annual surplus to create a fund for future maintenance of the building.
Designated Fund
This is the Property and Investments Fund held for a long term and is not available for spending on day to day activities.
There were no related party transactions for the year ended 31 December 2021.
FE
Page 17
DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|
| for the Year Ended 31 December 2021 | |||
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Sponsorships andDonations | 69,613 | 26,641 | |
| French Government Grants | 27,074 | 53,040 | |
| Societe Clinique Subscriptions | - | 665 | |
| 96,687 | 80,346 | ||
| Investment income | |||
| Rents received | 33,505 | 26,120 | |
| Investment Income | 52,647 | $5,998 | |
| 86,152 | 82,118 | ||
| Charitable activities | |||
| Medical Receipts and Patient | fees | 24,078 | 15,736 |
| Total incoming resources | 206,917 | 178,200 | |
| EXPENDITURE | |||
| Raising donations and legacies | |||
| Social Allowance | 12,615 | 14,241 | |
| Other trading activities | |||
| OutpatientandMedical Expenditure | 8,832 | 7,314 | |
| Investment management costs | |||
| InvestmentManagement Fees | 15,564 | 14,417 | |
| Charitable activities | |||
| Salaries | 94,166 | 99,012 | |
| Pensions | 214 | 478 | |
| Business ratesand waste | 9,575 | 9,210 | |
| Insurance | 6,891 | 7,364 | |
| Light and heat | 3,650 | 3,495 | |
| Telephone | 9,252 | 9,382 | |
| Postage andstationery | 1,513 | 2,013 | |
| Website and Advertising | 1,794 | 1,877 | |
| Sundries Hire ofequipment |
110 381 |
661 219 |
|
| Repairs | 846 | 3,014 | |
| Cleaning Miscellaneous expense |
8,125 456 |
7,098 108 |
|
| Training | 4,680 | 6,155 | |
| Carriedforward | 141,653 | 150,086 |
This page does not form part of the statutory financial statements
Page 18
DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 141,653 | 150,086 |
| Maintenance Service Contracts | 1,724 | 2,088 |
| Fundraising | 216 | 216 |
| Improvements to property | 11,682 | 11,682 |
| Plantand machinery | 1,493 | 1,398 |
| 156,768 | 165,470 | |
| Other | ||
| Bank charges | 830 | 749 |
| Support costs | ||
| Governance costs | ||
| Examiners fees | 4,500 | 5,100 |
| Accountancy fees | 2,366 | 2,285 |
| Legal fees | 2,737 | 4,188 |
| 9,603 | 11,573 | |
| Total resources expended | 204,212 | 213,764 |
| Netincome/(expenditure) | 2,705 | (35,564) |
|
This page does not form part of the statutory financial statements
Page 19