**REGISTERED COMPANY NUMBER: 06470940 (England and Wales) REGISTERED CHARITY NUMBER: 1125579**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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
**DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2022**
||**Page**|
|---|---|
|**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|
**DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2022**
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 2022. 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 Français - Société Française 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 Français are for the benefit of the public. The patients at the Dispensaire Français 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 Français 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.
o Preventing individual cases becoming highly costly emergency admissions, thereby saving the NHS significant sums.
The Dispensaire Français with 15 volunteers involved in social activities provides support, companionship and financial help to a range of beneficiaries from young people to senior citizens:
- " Help and support for people going through a difficult time, including financial help (to cover the cost of a hostel)
- " 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.
Page 1
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2022**
## **ACHIEVEMENT AND PERFORMANCE**
## **Review of the Year**
During 2022, 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.
The number of consultations contracted to 1,446 in 2022 from a high level of 1,787 in 2021; the lower activity occurred in the first semester, a result of negative migration flows from France, with fewer low-skilled workers arriving from the continent due to the visa requirements imposed post-Brexit. However, the number of consultations picked up again in the second half of the year, as the living crisis started affecting households' finances.
The demand in the field of psychology and psychiatry remained high due to broader political and economic uncertainty. The youth walk-in clinic was successful too as more than 50 youths visited the three-year-old dedicated centre.
The first quarter of 2023 has seen a high level of activity with 519 consultations compared with 425 in the first quarter of 2022 and 538 in the first quarter of 2021, in line with the second half of 2022.
The Dispensaire's 15 volunteers maintained close contact with the isolated and elderly people in need of social or financial help, resuming the monthly club meeting with up to 20 elderly people. We increased the regular allowances granted to the most deprived individuals to help them with the rising cost of living.
The fundraising campaign among the Dispensaire's regular donors maintained its momentum over the year and was complemented by a special donation of £100,000 from a private donor. We were honoured by the arrival of our new patron HRH the Duchess of Edinburgh, continuing a long tradition of patronage from the royal family since our creation in 1867.
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 £329,725 (2021: £206,917). The increase is mainly due to the special donation of GBP 100,000 and the associated gift aid as well as an additional grant from the French Government for the refurbishment of the outdoor space.
Expenditures were slightly higher in 2022 vs. 2021 mainly due to higher salaries as we replaced two of our employees as well as higher utilities costs, due to the price increases caused by the war in Ukraine. Elsewhere, the Charity benefited from lower IT and advertising expenses and hence generated a gain on its activities of £119,463 (2021 gain £2,705). For 2023 we expect to generate a gain helped by the reiteration in April of a special donation of GBP 100,000 by the same private donor.
The statement of financial position shows a satisfactory position with unrestricted funds amounting to £2,984,606 (2021: £3,092,625).
## **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 its long-term value. The selection of investments looks to integrate responsible investment criteria in particular excluding investments in companies in the tobacco sector.
Page 2
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2022**
## **FINANCIAL REVIEW**
## **Reserves policy**
The origins of the Dispensaire Français 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 received a generous donation in 2000 when the former convalescence home of the Hospital Français based in Brighton was sold and its trustees decided to give the proceeds of the sale £1,400,000 to the Dispensaire Français.
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 property and investments are not available for spending on day to 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.
Page 3
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Legal and Administrative**
The charity is governed by its articles of association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The "Dispensaire Français" changed its name to Dispensaire Francais-Société Française de Bienfaisance after the merger in June 2014 of "Dispensaire Francais" with the "Société Française de Bienfaisance".
'The "French Clinic" otherwise "Dispensaire Français" was the successor to the "French Hospital and Dispensary". It was a Charity registered under the number 1125579. 'Le Dispensaire Français-the French Clinic' was incorporated by the trustees on 11 January 2008. The new charity was registered on 1 June 2009. The Trust fund was transferred to the company in 2009. The Company is a company limited by guarantee no 06470940.
The Société Française 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 Society 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).
On 2 February 2023, the Trustees voted 1) to amend the object of the charity in particular to include its actions in the social area and 2) to adopt new articles of association, with a view to combining previous articles with the memorandum of association and, among other things, to clarify the tenure of the Trustees.
The Chair of Directors of the Dispensaire Français-Société Française de Bienfaisance is elected by the Trustees.
The Medical Committee is composed of the health professionals who practice at Le Dispensaire Français. It recruits fellow health professionals and advises the Trustees on medical matters.
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 Français-Société Française de Bienfaisance is in the care of the Manager who acts in accordance with the directives of the Chair of Directors.
The Dispensaire Français-Société Française 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 Secretary 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
Page 4
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2022**
## **Trustees**
B M G 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 (resigned 15.1.23) Ms J Lamirel Fund Manager Dr O Lhopitallier Medical Doctor Ms O Lombard Mourre Ms M A Madelain Former Lawyer Ms F Mallevays Former Banker Ms E M C Maxwell Chartered Certified Accountant S A H Moollan Barrister (resigned 16.1.23) DR L Munoz (appointed 2.2.23) D H Stockley Former Company Director Ms B M Williams Former Company Director G Bazard Consul Général de France (resigned 13.1.23)
## **Company Secretary**
J Walczak
## **Independent Examiner**
Rolanda Hyams 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 to small companies.
## Jun 12, 2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Jerome Walczak Jerome Walczak (Jun 12, 2023 13:22 GMT+1)
........................................................................ J Walczak - Secretary
Page 5
## **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 2022.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified 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.
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:
1. 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
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.
Rolanda Hyams
Stein Richards Chartered Accountants 10 London Mews Paddington LONDON W2 1HY
Date: ............................................. Jun 12, 2023
Page 6
## **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 31 December 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Medical Receipts and Patient fees
Investment income
2
**Total**
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
Charitable Expenditure
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**31.12.22**
**Unrestricted**
**funds**
**£**
**225,091**
**22,577**
**82,057 **
**329,725**
**34,919**
**174,397**
**946**
**210,262**
**(227,482)**
**(108,019)**
**3,092,625**
**2,984,606**|31.12.21
Total
funds
£
96,687
24,078
86,152|
|---|---|---|
|||206,917|
|||37,011
166,371
830|
|||204,212|
|||133,312|
|||136,017
2,956,608|
|||3,092,625|
The notes form part of these financial statements
Page 7
**DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY (REGISTERED NUMBER: 06470940)**
## **STATEMENT OF FINANCIAL POSITION**
## **31 December 2022**
|Notes
**FIXED ASSETS**
Tangible assets
9
Investments
10
**CURRENT ASSETS**
Prepayments and accrued income
Cash at bank
11
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
**TOTAL FUNDS**|**31.12.22**
**Unrestricted**
**funds**
**£**
**900,687**
**1,617,380**
**2,518,067**
**18,525**
**465,669**
**484,194**
**(17,655)**
**466,539**
**2,984,606**
**2,984,606**
**2,984,606**
**2,984,606**|31.12.21
Total
funds
£
887,259
1,799,039
2,686,298
21,043
404,663
425,706
(19,379)
406,327
3,092,625
3,092,625
3,092,625
3,092,625|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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
continued...
Page 8
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY (REGISTERED NUMBER: 06470940)**
## **STATEMENT OF FINANCIAL POSITION - continued**
## **31 December 2022**
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 ............................................. and were signed on its behalf by: Jun 12, 2023
............................................. E M C Maxwell - Trustee
Cecile dCecile d'Angelin (Jun 12, 2023 17:42 GMT+2)'Angelin ............................................. C d'Angelin - Trustee
The notes form part of these financial statements
Page 9
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2022**
## **1. 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 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, 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 trustees 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.
## **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.
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.
continued...
Page 10
**DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the Year Ended 31 December 2022**
## **1. ACCOUNTING POLICIES - continued**
## **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.
## **2. INVESTMENT INCOME**
## **3.**
|**INVESTMENT INCOME**|||
|---|---|---|
||**31.12.22**|31.12.21|
||**£**|£|
|Rents received|**35,580**|33,505|
|Investment Income|**46,477**|52,647|
||**82,057**|86,152|
|**RAISING FUNDS**|||
|**Investment management costs**|||
||**31.12.22**|31.12.21|
||**£**|£|
|Investment Management Fees|**14,468**|15,564|
continued...
Page 11
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022**
## **4. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
||Governance|
||costs|
||£|
|Charitable Expenditure|**10,247**|
Support costs, included in the above, are as follows:
## **Governance costs**
|**Governance costs**|||
|---|---|---|
||**31.12.22**|31.12.21|
||Charitable|Total|
||Expenditure|activities|
||**£**|£|
|Examiners fees|**4,500**|**4,500**|
|Accountancy fees|**2,669**|**2,366**|
|Legal fees|**3,078**|**2,737**|
||**10,247**|**9,603**|
## **5. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**31.12.22**|31.12.21|
|---|---|---|
||**£**|£|
|Depreciation - owned assets|**13,509**|13,175|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||**31.12.22**|31.12.21|
|---|---|---|
|Charity staff|**3**|3|
No employees received emoluments in excess of £60,000.
continued...
Page 12
**DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the Year Ended 31 December 2022**
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Medical Receipts and Patient fees
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charitable Expenditure
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
96,687
24,078
86,152
206,917
37,011
166,371
830
204,212
133,312
136,017
2,956,608
3,092,625|
|---|---|
continued...
Page 13
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022**
## **9. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2022
Additions
At 31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021
**10.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 January 2022
Additions
Disposals
Revaluations
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Freehold
property
£
**1,075,051**
**24,804**
**1,099,855**
**191,318**
**11,842**
**203,160**
**896,695**
883,733
Listed
investments
£
**1,756,128**
**533,953**
**(488,130)**
**(222,151)**
**1,579,800**
**1,579,800**
1,756,128|Plant and
machinery
£
**57,225**
**2,133**
**59,358**
**53,699**
**1,667**
**55,366**
**3,992 **
3,526
Unlisted
investments
£
**42,911**
**-**
**-**
**(5,331)**
**37,580**
**37,580**
42,911|Totals
£
**1,132,276**
**26,937**
**1,159,213**
**245,017**
**13,509**
**258,526**
**900,687 **
887,259
Totals
£
**1,799,039**
**533,953**
**(488,130)**
**(227,482)**
**1,617,380**
**1,617,380**
1,799,039|
|---|---|---|---|
.
Cost or valuation at 31 December 2022 is represented by:
|Valuation in 2021
Valuation in 2022
Cost|**Listed**
**investments**
**£**
**245,536**
**(224,489)**
**1,558,753**
**1,579,800**|**Unlisted**
**investments**
**£**
**2,500**
**(5,331)**
**40,411**
**37,580**|**Totals**
**£**
**248,036**
**(229,820)**
**1,599,164**
**1,617,380**|
|---|---|---|---|
continued...
Page 14
## **DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022**
## **11. CASH AT BANK**
|Deposit with Investment Managers
Bank account
CAF 1 year fixed term
CAF 60 Shawbrook savings
Cash in Hand
Total|**31.12.22**
Total
funds
**£**
**65,294**
**147,160**
**130,191**
**122,354**
**670**
**465,669**|31.12.21
Total
funds
£
126,015
86,594
100,041
91,886
127
404,663|
|---|---|---|
|**12.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||**31.12.22**|31.12.21|
|||**£**|£|
||Other creditors|**3,458**|9,090|
||Accrued expenses|**14,197**|10,289|
|||**17,655**|19,379|
|**13.**|**MOVEMENT IN FUNDS**|||
|**Unrestricted funds**
General fund
Revaluation Fund
Maintenance Fund
Designated Fund-Property and Investments
**TOTAL FUNDS**
Net movement in funds, included in the above ar
**Unrestricted funds**
General fund
Revaluation Fund
**TOTAL FUNDS**|At 1.1.22
£
**336,483**
**248,035**
**69,844**
**2,438,263**
**3,092,625**
**3,092,625**
e as follows:
Incoming
resources
£
**329,725**
**-**
**329,725**
**329,725**||Net
movement
in funds
£
**119,463**
**(227,482)**
**-**
**-**
**(108,019)**
**(108,019) **
Resources
expended
£
**(210,262)**
**-**
**(210,262)**
**(210,262)**||Transfers
between
funds
£
**(54,088)**
**(2,338)**
**(1,171)**
**57,597**
**-**
**-**
Gains and
losses
£
**-**
**(227,482)**
**(227,482)**
**(227,482)**|At
31.12.22
£
**401,858**
**18,215**
**68,673**
**2,495,860**
**2,984,606**
**2,984,606**
Movement
in funds
£
**119,463**
**(227,482)**
**(108,019)**
**(108,019)**|
|---|---|---|---|---|---|---|
||||||||
||||||||
||e||||||
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 2022**
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Revaluation Fund
Maintenance Fund
Designated Fund-Property and Investments
**TOTAL FUNDS**|At 1.1.21
£
264,078
368,841
70,690
2,252,999
2,956,608
2,956,608|Net
movement
in funds
£
2,705
133,312
-
-
136,017
136,017|Transfers
between
funds
£
69,700
(254,118)
(846)
185,264
-
-|At
31.12.21
£
336,483
248,035
69,844
2,438,263
3,092,625
3,092,625|
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Revaluation Fund
**TOTAL FUNDS**|Incoming
resources
£
206,917
-
206,917
206,917|Resources
expended
£
(204,212)
-
(204,212)
(204,212)|Gains and
Movement
losses
in funds
£
£
-
2,705
133,312
133,312
133,312
136,017
133,312
136,017|
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Revaluation Fund
Maintenance Fund
Designated Fund-Property and Investments
**TOTAL FUNDS**|At 1.1.21
£
264,078
368,841
70,690
2,252,999
2,956,608
2,956,608|Net
movement
in funds
£
122,168
(94,170)
-
-
27,998
27,998|Transfers
between
funds
£
15,612
(256,456)
(2,017)
242,861
-
-|At
31.12.22
£
401,858
18,215
68,673
2,495,860
2,984,606
2,984,606|
|---|---|---|---|---|
Page 16
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 2022**
## **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:
|**Unrestricted funds**
General fund
Revaluation Fund
**TOTAL FUNDS**|Incoming
resources
£
536,642
-
536,642
536,642|Resources
expended
£
(414,474)
-
(414,474)
(414,474)|Gains and
Movement
losses
in funds
£
£
-
122,168
(94,170)
(94,170)
(94,170)
27,998
(94,170)
27,998|
|---|---|---|---|
## **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.
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
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 2022**
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Sponsorships and Donations|**180,688**|69,613|
|Fund raising|**3,781**|-|
|French Government Grants|**40,622**|27,074|
||**225,091**|96,687|
|**Investment income**|||
|Rents received|**35,580**|33,505|
|Investment Income|**46,477**|52,647|
||**82,057**|86,152|
|**Charitable activities**|||
|Medical Receipts and Patient fees|**22,577**|24,078|
|**Total incoming resources**|**329,725**|206,917|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Social Allowance|**13,527**|12,615|
|**Other trading activities**|||
|Outpatient and Medical Expenditure|**6,924**|8,832|
|**Investment management costs**|||
|Investment Management Fees|**14,468**|15,564|
|**Charitable activities**|||
|Salaries|**96,882**|94,166|
|Pensions|**175**|214|
|Business rates and waste|**9,927**|9,575|
|Insurance|**8,576**|6,891|
|Light and heat|**6,063**|3,650|
|Telephone|**3,994**|9,252|
|Postage and stationery|**1,128**|1,513|
|Website and Advertising|**446**|1,794|
|Sundries|**118**|110|
|Hire of equipment|**1,171**|381|
|Repairs|**1,171**|846|
|Cleaning|**8,166**|8,125|
|Miscellaneous expense|**830**|456|
|Training|**6,014**|4,680|
|Carried forward|**144,661**|141,653|
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 2022**|||
||31.12.22|31.12.21|
||£|£|
|**Charitable activities**|||
|Brought forward|**144,661**|141,653|
|Maintenance Service Contracts|**4,545**|1,724|
|Fundraising|**180**|216|
|Clinical expenses|**1,255**|-|
|Improvements to property|**11,842**|11,682|
|Plant and machinery|**1,667**|1,493|
||**164,150**|156,768|
|**Other**|||
|Bank charges|**946**|830|
|**Support costs**|||
|**Governance costs**|||
|Examiners fees|**4,500**|4,500|
|Accountancy fees|**2,669**|2,366|
|Legal fees|**3,078**|2,737|
||**10,247**|9,603|
|Total resources expended|**210,262**|204,212|
|**Net income**|**119,463**|2,705|
This page does not form part of the statutory financial statements
Page 19