REGISTERED COMPANY NUMBER: 06470940 (Kngland and Wales) REGISTERED CHARITY NUMBER: 1125579 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS foR THE YEAR ENDED 31 DE EMBE 202 FOR DISPF.NSAIRE FRANCAIS-SOCIETE FRANCAISE DL Bll,'Nl4AISAliC.'Tr: TrRTr4IY C.'H C:I.ITrIIC: AND FRII YCH BTr;N'l,.'Vl)I.E,Y'I' S()LIL'I'Y A COi*IPANY LIMITED BY GUARAYTL Stein Richards. Chartered Accounlanls 10 London Mews Paddinglon LONDON W2 IHY DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FREYCH CLINIC AND FRENCH BEIYEVOLENT SOCIETY CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 Deeember 2024 Page Reptsrt uf the Trustees Independent Examlner'5 Report Statement of Flnanclal Aclivilies Slatoment of Fin4ncial P051tion Notes to the Finaiicial Statements 10 10 17 Detalled Statement of Flnancial Aeilvltle$ 18 to 19 DISPENSAIRE FRANCAiS-SOCIETE FRANCAISE DF. BIF.NFAISANCF. FRb'liCH CI.INIC. AND FRf.NCH BENEVOLENT SOCEETY REPORT OF THE TRUSTEES for the Yenr Ended 31 December 2024 Th¢ Iruslees who are also directors of the Chariry for the PUTposes of the Companies Act 2006, preseiil their repori will) the financial slalemenls of the charity for the year eTJded 31 Decembei 2024. The ttustee5 have adopted Ilie provisioiis of Accouiilii)g aiid Reporting by Charities= Sialeinci)t ot- Recoiiuiieiided Piaclice applicable lo charities pi'epariiig their accounts iii accoi'dance with the Financial Reporting Standard applicable in the UK aiid Republic of Ireland (FRS 102) (effective l Jaiiuai'y 2019). OBJECTIVES AND ACTIVITIES ObjL'Ltives and alms The Dispensaire FranFai Socielé Fran¢aise de Bienfaisance cares for Frencli and Frencli speaking people iji need. whether niedical, social andlor financial need. This support is piovided beJ)evolenlly by Fsench and French speaking li¢aiih professionals, counsellor.8 and visitor8 for the public benefit. Public benefit Tlie objects aiid aLlivilies of the Dispensaire Franrais are for Ihe benefit of the public. The patients al Ilie Dispensaii'e FTanFais have difficuliies to access the UK health sysiem, eiiher because Ihey are i)ol regiqtered in the N HS or siniply do nol underslaiid Ilie sysleni and do iiol spcak English. The 47 healili professioiials all give tlieir linic on a regular basis and are di.awrt from a wide range of 81)ecialilies, reflecting the i)eeds ol Ihe beneficiaries. The Dispensaire Fraii¢ai8 provides key services in preventing French-speaking people froin falling Ihmugli Ihe gaps: o Relief from buftering tor those that Jhay have endured severe physical and einolional Iraiima. o Preventin8 fiiriher health declines through practical aiid well-infoniied intervention. o Preventiiig iiidividual cases becomin8 liiglily cosily etnergency admissions, thereby saviiig the NFIS sigiiificanl suiiis. Tlie Dispeiisaire FranFais with 14 volui)teeri involved in social aciivilies provides support, companioiisliip aiid fiiiancial help lo A range of beneficiaries troin young people to benior citizens: Ilelp and suppoi'l for people going through a difficuli lime, including financiul help (lo cover the cost of a hostel) Companionship and financial support for senior citizens wilh a regular ¢liib and home vi.8ilS as well as visils lo niuseuins and concerts In Inaking decisions aboiil (he charity'8 activities lo deliver ils objec15, the trustees have l)ad due regai'd lo the Chai'ity Comniissiort's public benefit giiidance and also when exei'cisin8 any powers or duties, lo which the guidaiice is relevaijl. Page I DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DF BIENF.4ISANCE FREYCH CLINIC AND FRENCH BENEVOLENT SOCIETY REPORT OF THE TRUSTEES for the Year Ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE Review of the Year Duriiig 2024, the Dt.81)ensaire has continued to provide expert iiiedical services lo those French and Fi'¢n¢h speaking paticnls who for varioiis reasons such os an inability to speak English or a lack of understanding of the NHS have diffiLuIty accessing NIIS services. The nuimber of eonsultalions decreased io 1,645 in 2024 froin 1,809 in 2023 as ihe nuniber of GP coI)sultatiotis came down lollowing Ilie departure in the sumnier of a long-slaiiding GP of the Dispemsaire. The nuniber of psychology-related appoiiitnients reniaiiied elcvaled at 532. compared lo 545 Ihe year before, represenling 32 /0 of our services iii 2024. We also answered over 1.000 t¢lephone call requesls. The youth walk-in clinic reniained active with 31 people vi.sitinB the five-year-old d¢di¢ated centre in 2024. sligliily down froin 35 in 2023. The number of free consuliations Aiicreased io 185 in 2024 froiii 127 in 2023 demonstraiing our comniitinent lo providiiig bi'oader 8ccess lo care. lo the inosl vulnerable such &s asyluni seekers. noiably through oui. paitnership with the Refugee Centre al Nolre Dain¢ de France. The Disp¢nsaire's 14 volunreers maintained close conlacl with tlie isolaled and elderly people in need of social oi. fiiiancial help. We continued lo support 13 people in precarious si¢ualioi) with a regiilar fillancial allowaiice. Eniergency assislaii¢e was provided 10 20 people. a slable level coIiipared wilh 2023. 'rh¢ firsl qiiarter of 2025 ha.8 8een a reduced level of aclivily with 322 consultalions, coinpared with 529 in the fii'sl quarter of 2024. We also received less calls, suggesting lower demand for health .£erYice5 or more likely a chan8e in the profile of Ilie French speaking populalion in ihe UK following Brexil. Oui. fundraising 4clivily maintained ils ii)omenttJm it) 2024. iiicludiiig a siiccessful gala dinner iii January al the French Embassy. with the presence of our Royal Palron the Duche55 of Ediiiburgli. We also benefited fi'om the coi)linued support of our regular donors, includii)g Ilie Inernbers of our coinniiiied Cercle des Ami&4" as well a.i a coijtribulion iii 2024 fiom the private healilicare clinic Medicare Fi'an¢ais. We wisli lo exleiid ovr warinesl thanks 10 the liealih professionals. volunleerb. Iruslees and slaff for their dedicated and liard work. The Dibpensaire could not exisl wiihoul Iheni FINANCIAL REVIEW FinaiiclAI positio The slaleincnl of financial aclivilies 8hows Ille lolal incoming resources for the year of £260,182 (2023.. £336.013). The decrease i.s Inainly dise to lower donalions for 2024 as the prior year beJ)efit¥d froni a large iiidividual (lonalion of £IOO,000 from a privale donor. Expenditures were stable in 2024 vs. 2023. Elsewhere, tlie Charity invested in new equipmeijl {incliiding a boiler and ali air conditioning uiiit) for a lolal of £8,656 and rai'ned out rcnovalion WOTk ii) the building including Ilie staircase and two consulialion rooms for a total of £22,760. The 8lRtemeiil of financial position .show5 u satisfaclory level with unrestt'icled ftinds amouiiling lo £3,222,121 (2023: £3.138,659). Investment polley The inveslmeiit assets are n￿rketable financial instruments, which are considered to be low risk. The slructure of the portfolio aim5 at generating iiicoiiie and al preserving its long-tem value. The seleclion of inveslmeiils look5 10 iiitegrnte respoiisible investment criteria in partlcular excluding investhienls iii collip￿lIeS ID Ihe tobacco sector. Page 2 DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAIS,INCE FRENICH CLIINIC AND FRENCH BENEVOLENT SOCIETY REPORT OF THE I'RUSTEES for the Year Ended J l December 2D24 FINANCIAL REVIEW Reserves policy The oiigitLS of the Disi)eThsaire Fran(ais go back io 1867 wh¢ii the French 110sPitdl opened in London under the palroi)age of Queen Victoria. Funded by private aiid public fiin(Ls. ils vocation was lo provide free medical sei'vices lo all French and French speakers in n¢¢d. TSiis 1.% still ir.8 mission today. Tli¢ Dispeiisaire received a geiierous donation in 2000 when the former convalesceiice home of the Hospital Fran¢ais based li) Brighioii was sold and il.s Iruslees decided to give the proceeds of the 8ale £1,400,000 to the Dispei)saire Fi'aiiFais. Though they did not restrict the use of the fiinds. it was clear thal the gift was made lo eiidnw the Di8pensaire with enough fijnds lo pursiie its hi.storical InA5sioii in the ftiture as it had done in the past 150 years. The resct'veslcapilal of Ihe Dibpensair¢ are pari of ils legacy and nieaiil lo ensurc ils continiiity. Though ullreslricled they have Iradilionally been treated as if tliey ivere an endowniei)I by the Irustees. Th¢ r¥s¢￿¢S which have been invested in property aiid inveslments are nol available toi. spendiiig on day to doy a¢livilies. Accordingly. the.se reserves have beet) designaled ii) Ilie 2013 anniial aecounls lo give a clear piclure of Ilie free resei've5. Ivhich are available for spendiiig on day lo day llciivilies. Until receiiily the Disp¢nsaii'e'.% incoine from capital was sufficient to cover the ¢081 of operations. Page 3 DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLIN'IC AND FRENCH BE)'EVOLENT SOCIETY REPORT OF TUE TRUSTEES for the Year Ellded 31 December 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Legal and Adminiytratlve The charity is governed by ils articles of association and conslitules a liinited compaiiy. limited by giiarantee, as defiiied by the Companies Act 2006. The 'Dtspeiisaire FranFais" changed ils name io Dispensaire Francais-sociéié FraiiFaise de Bienfaisance after the Inerger in JiiNe 2014 of "Dispensaire Fizncais" wilh the "Société FranFaise de Bienfaisance" 'The 'Freiich Clinic" otherwise 'Dispensaire FrdnFais" was the suc¢¢ssor lo the 'French Hospital and Dispei)sary" was a Charity registered Ulider the niimber 1125579. 'Le Dispensaire Fran¢ais-Ihe French Clini¢, wa8 iliCO4)oraled by the tTuslces oli I l January 2008. The i)eiv cha¥ily was registered on l Julie 2009. The Trust fund was Ivansfei'i'ed lo the coinpany iii 2009. The Conipany is a compaiiy liiiiiled by guarantee no 06470940. The Société FranFaise de Bienfaisaiice (French Benevolent Society. Ben no 21) wa8 created in 1842 to help Fi'eiich people in hardshii) with financial help and support. Willi similar niissions. Ihe Iwo OTganisalions worked closely logeth¢r for many years. To develop servic¢5, the Truslees decided lo joirL the 2 organisatioiis and this nierger was voted on 3 June 2014. The Trustees of the French Benevolent Society joined the board of Truslces of ihe Dispensaire Francais ai)d the charity's name was changed io Dispensllire Francais-So¢iété francaise de Bicnfaisanc¢ (DF-SFB). On 2 February 2023, Ihe Trustees voled l ) lo amend the objeel of the cliai'ity in particular lo iiiclude ils actions iii Ilie social area aI)d 2) to adopi new article.s ofassocialion, witli a view lo coii)bining i)revious articles with the memoraiiduiii of association aiid, amoiig other things, 10 ¢larify Ihe tenure of the Trustees. The Chair of Directors of the Di4pensaire FranFais-Sociéiè Fran(aise de Bienfaisance 18 elected by the Ti'usl¢e5. Tlie Medical Coniniiltec 15 coiiiposed of the health professionals who practice ai Le Di.8pensaire Franrais. It recnjils fellow healih profes8ional.8 and advtses the Tnisiee% on medical matters. The Social Committee is coniposed of the volunteers who organise home visits aiid a club tor eldei'ly, isolaled people and give advice and financial support lo young people. The day lo day li￿nage11]e1}t of the Disp¢n8aire FrdnF3is-Socielé Franraise de Bienfaisance is in the care of the Munugcr who acts in accordance with the directives of the Chair ofDireclors. The Dispensaire FranFais-So¢iélé Fran(aise de Bienfaisance is committed lo rnaking its preniise8 8vuilable to othei. Fren¢h Charitable Organisalioiis with siniilar objeclives. The nanies of the Truslees who served duriiig the year and up lo the dale of sigiling the accouiils, togellier with those of Ihe Secretary and relevant organisaliontTr, appear on page 4 of this report. IJ)tornialioii about the charity can be found on its website at www.df-stb.org.uk. REFERENCE AND ADL¥IINISTRATIVE DETAILS Reglstered Company nunibcr OCI470940 (England and Wales) Reglstered Chaiity number 1125579 Reglstered orrice 184 HamTnersniith Road London WC) 7DJ Page 4 DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISAYCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY REPORT OF THE TRUSTEES (or the Year Ended 31 December 2024 Trustees B M Ci Charteris Company Director Former Manager (resigiied 4.2.25) Mi. L H Debacker Coiiipany Director Dr O Lliopilallier Medical Docloi. Ms M A Madelaiii Fornier Lawyer (Yestgned 5.2.24) Ms F D M Mallevays Fomier Banker Ms E M C Maxwell Chartered Certified Accounlaiil D 11 Siockley Fomier Coiiipaiiy Dii'ector (resigned 30.4.25) Ms B M Willianis Fornier Company Director DR L Munoz Bai'gados Ms J Laniirel fund Manager Ms O Lombard Mourre C d'Angelin Compaiiy Director O Nicolay (appoiiiled 5.2.24) DR S Schreiter (appoinled 22.5.24) Ms C Palm¢r (appoinled 22.5.24) Mrs E Chei'ineltc {appoinied 22.5.241 Coiiiplliiy Secretary J Walczdk liidcpendent Examiner Rolanda Hyams Sieiii Richards Cliartered A¢¢ouiii4nls 10 Londoi) Mew Paddinglon LONDON W2 IHY Bankers CAF Bank Liniiled 25 Kings I lill Wesl Malliii¥ Kent ME19 4JQ Thi8 report has been prepared iii accordance with Ihe special provisionb Ot Part 15 of the Conipanies Act 2006 relating to sniall companies. Approved by order of the board of truslees on . J2/C/2s......... . and signed on its behalf by.. J Walcz&k - S¢ relary Page 5 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DI,SPLNSAIRE IRAliCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BEh'EVOLE,YT SOCIETY Independent examlner's report to the trustees of Dispensalre Francais-societe Franca15c Dc Blenfals#nce French CliniL And French Benevolent Soclety ('the Companv,) I rcpoi'l to th¢ chai'ity trustees on iny examinalion of the accounts of the Company for the year eThded 31 December 2024. Responsibilities aild basis ol repo¥t As the charily's triistee.s of the Company land also its dire¢lors for Ihc PUEyoses of cornpaiiy lawl you are responsible for Ilie prepaTatioii of the accounts iii accoi'dance with the iequirenienls of the Coinpanies Act 20061'tELe 2006 Act,). Havilig saiisfied niyself tlial tlie accounts of the CDinpany are tiol required to be audited under Part 16 of the 2006 Act and are eligible for indepeiidenl exaniinalion, l i'eporl in respect of my examination of your charitls accounts as carried out under Section 145 of the Charities Act !01 i ('Ihe 201 l Act'l. In carrying out niy examinft(ion I have followed Ihe Directionq given by th¢ Charity Commission under Seciion 145(5) {b} of Ihe 2011 Act. Indcpcndent examlner's statement Since yoisr charity's gloss inconie exceeded £250,0(K) your examiner musl be a n)eii)ber ot. a lisl¢d body. I can confinn that l ain qualified lo undertake the exaii)inalion because l ani a member of the Institute of Chartered Accounlanls in England and Wales, which is one of the li241¢d bodies. I have con)pleted niy exaiiiination. I confirn ihat no mallers have comc to iijy atlenlioii in coiineclion with the exaniinalion giving iiie cuuse to believe: uc¢ounting record8 were not kepl in respect of the Coinpany as required by Section 386 of the 2006 Act. or the accouiits do nol accord with those records. or the a¢eoun15 do not coiiiply wilh the accounting requirement.s of Seclion 396 of the 2tKi6 Act oiher than ally requiremeIil Ihol 11)e accounts give a true and fair view which 18 not a nialler considered as part of an independent examin4l1ion' or the accounis have not been prepared in accordance witli the Ineiliods and princiiiles of Ihe Siaten)enl ol. Recominended Practice foi. accounting and repoi'lii)g by charities (applicable lo cl)ai'ilies prepariiig their accoiinls in accordance with the Fiiiancial Reporting Siaiidard applicable in the UK aiid Republic ol. Ii'eland (FRS 102)). I have no concerns and have conie across no oiheT matters in conneclioi) with lh¢ exaniination to which allenlion should be di'awn in this repoi'l in order to enable a propel. uiidetslanding of the a￿ount$ to be rea¢lied. Rolaiidll Hyams Siein Richards Chartered Accounlan15 10 Loiidon Mews Paddiiiglon LONDON W21HY Dale: Page 6 DISPENSAIRE FRA,NCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRE,NCH CLINL IC AND FRENCH BENEVOLENT SOCIETY STATEMENT OF FINANCIAL ACTIVITIES 1Tr4CORPORATING AN INCO￿lE AN'I) EXPb.Nl)ITIIRE ACCOUNT for the Year Ended 31 December 2024 31.12.24 31.12.23 Tol¢11 funds Unrestricted funds Noles INCOfvIE AND ENDOWfvIENTS FROM Donalions and legacies 137,119 225,203 CharitablL actlvltles Medical Receipl.s arid Patient fees 25,989 Investment iiicom¢ 104,012 84,X21 TotAI 260,182 336.013 LXPENDITURE OIY Raising fiinds 41,969 42,403 Ch8rilJble actlvltlcs Cliaril¢ible F.xpendiiure 2JO,944 231,938 Oilier 996 1,086 Total 273,909 275.427 Nel gaiiis on investments 97,189 93,467 NEIT INCO￿lE 83,462 154,053 RECONC.ILIATIUN OF FUNDS Tolal fvnds brouglil lorward 3,138,659 2,984,606 TOTAL FUNDS CARRIED FORWARD 3,2Z2,121 3,138,659 The notes fomi parl of these financial slatements Page 7 DISPENSAIRE FIL4NCAIS-SOCIETE FRANCAISE DE BIEr%FAISA￿￿CE FRENCH CLINIC AYD FRENCH BENEVOLENT SOCIETY REGISTERED NUMBER: 06470940 STATEMENT OF FINANCIAL POSITION 31 December 2024 31.12.24 Unrestricted lujids 31.12.23 Total Notes FIXED ASSETS TaJ)gible assets Inveslmen18 904,555 ,979,502 912,242 1,854,380 10 2,8114,057 2.7C)6.C)22 CURRENT ASSETS Prepaymeiils and accnied income Cash at bank 19,196 392.588 338,160 363,499 411.784 CREDITORS Amounts falling due wiihin one year 12 {25,435) (39,747) NET CURREIYT ASSETS 338,064 372,037 TOTAL ASSETS LESS CURRENT LIABILITIES 3,222,121 3,138,659 NII T ASSETS 3,222,121 3.1311.659 FUNDS Uiireslricled fiind.8 13 3,222,121 3,138,659 TOTAL FIUNDS 3,222.121 3,138,659 The charitable company is entitled lo exeinplion from audii under Section 477 of the Compaiiies Act 2006 foi. Ilie year ended 31 Deceinber 2024. The members have not required the company lo obiain an audit of ils finaiicial statenienis for the year elided 31 December 2024 in accordaiice wilh S￿110[) 476 of ihe Companies Act 2(Ki6. The Injslees acknowledge their respon.sibilities for (a) ensuriiig that the charilable company keeps a¢¢ounlinE record8 Ihal coniply wilh Seclioiis 386 aiid 387 of Ihe Companies Act 2006 and pIEparing financiul slaleIneThls which give a Inie and fair view of the slate ol. affairs of tlie cliarilable coinpany as ut Ihe end of each financial year and of Als surplus or deficit for eacli finaiicial year iii accordance with the requirements of Sections 394 and 39S and which otherwise comply with ilie requirenients ot. the Coinpaiiies Acl 2006 relating lo financial stalements, so far as applicable 10 Ihe rharitnble company. (b) The notes fonn part ofthese financial siatements Page 8 continued... DISPENSAIRE FRANCAISSOCIETE FRANCAISE DE BIENTr-AISANCE ItRETr4CH CLIliIC AND bREIYCH BENEVOLEN"I" SOC"IE'r REGISI-bRLD NUMBLR., 1I647U94 STATEMEIYT OF FINANCIAL POSITION- continued 31 December 2024 These finaiicial statenients have been prepared in accordance wilh the provisions applicable to charitable companies subject to the stnall coinpanies regime. Tlie f1 enl4J¥ore approved and aiithorised for i&8ue by the Board of Trustees and auihori5ed foi i55ue on and were signed oil its behalf by.. rtayoJ E M C Maxwell- Trustee O Nicolay - Trusl¢e The notes forni part of these fillancial slalements Page 9 DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRE￿CH CLIN'IC.4ND FRENCH BEN'EVOLENT SOCIETY NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis uf preparing the financial 5t&tcincn15 Tlie fiiian¢ial statements of the chaiilable conipany. which 1% a public benetit entity und¢Y FRS 102, have been prepar'ed in accordance with the Charilies SORP (FRS 102) 'A¢¢ounling and Reporting by Charities.. Siateiiieiil of Reconimendcd Pracii¢¢ applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iieland (FRS 102) (effective l Januaiy 2019),, Fii)ancial Reporting Standard 102 'The Fiiiaiicial Rei)orling Standard applicable iii the UK ai)d Republic of Ireland, aiid the Companies Act 2006. The financial statemeiils have been prepared under the hislorical cost conventTon, with the exception of inveslmenls which are included al Imarkei vhlue, as modified by (he revaluation of ¢¢rtain assets. Goliig eoncern The accounts have been prepared on the going concern basi.s. The Iruslces consider thai rhere are no malei'ial uiicertainlies Yegarding Ilie cliarity's 14 bilily lo ¢oJ)linue ii) operational existence for the foreseeable fulure, whicli is deenied 10 be 12 moiiihs froni the dale of approval of Ihe fiiiaiicial slalenieiil5. LegAI stjtus 0( the charlty The Chai'ity iq a comi)any liniited by guarantee and has no share capital. Liability of each Iruslee in Ihe event of windiiig-up is liniiled lo L l. liieome Income ti'om rents is accounted for in tlie periods in whicli il is re¢¢ivable and the charity b¢comes eiililled to the iiicoine. Dividends and interest, ai)d the lax recovei'able Ihereon. are broughi iiito Ilie finaiicial slatements wlien receivable. Granls are accounted for when ei)liilenienl lo the grant and the gTaiil is receivuble. Expenditure Exp¢iidilure 18 accounted for on an accruals basis and is recognised when there is a legal oi. consli'uclive obligation lo pay for Ihe expenditure. All cos15 have been directly allribiiled lo one of Ihe fuiiclion41 categories of i'esources expeiided iii Ihe Statement of Financial Aclivilies. The Charity is iiol registered foi. VAT and accordingly expeiidilure is showii gr088 of irrecoverable V AT. Tanglble fixed 28sets rangible fixcd assels are shown al cosl plus any incideA)tal expenses of acquisition less accuinulalcd depi'eciation. Depreciation is applied lo Ilie Biiildings lo write ot'l. Ihe cost over a pei'iod of 50 yell￿ of the esliinaled rebuilding cost of £550,000 ut Ihe Balaiice Sheei dale. The eletnent relating to the land iii the cost of the Freehold has not been deprccialed. Depreciatioii is calcii13ted lo write otT the cost of fixed assels ot) a slraight-line basis over their expected useful lives. The rate of depreciation on medical equipmeiit is l OO/Tr pei. anniim. and oil offlce equipmeiil at 25_33.330/o per annum. Tax4¢lon The charity Is ¢x¢nipt from corporation tax on ils charitable aclivities. Fund accounting General tuiid5 are unreslricled fvnd.s. which are available for use al Ihe discretion of the Trnstees in furtherance of the general objectives of the charity. The Jnaintenance fund has been dcsignalcd by the Trustees for the future maintenanee of the building - see Note 13. The Designated Fund-Property and Investments is an unrestricted fund representing the value of property aThd invesliiients, net of Ihc revalualffion Fund. This ￿nd is invested for the loiig term is not avkiilable for spending oil day to day activities. Page 10 continued... DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FREYI CH CLIIYIC FRENCH BENEVOLEN'f SOCILTY NOTES TO THE FINANCIAL STATEMENTS- Continued for the Year ETJded 31 December 2024 ACCOUNI'ING POLICIES- continued Inve5tmciit5 Invesliiienls are included at their niarket valu¢ al ihe year end. The variation ii) the market value of invesli)ients tracked in the "revalualion fiind" as ali "ui)realised gainlloss" Upon Ihe .%ale ot redemption of inveslmenl8 a "realised 8ain/loss" arises from the difference bettveen cost and Inarkel valiie (see Note8 1 O and 13) Ai Ilie s&ine lime aiiy l)isiori¢al gainlloss pertainiiig lo Iliis assel in the 'revaluation fund" is cajicelled and ti'ansfeired lo the General Fund (see Notes l O and 13). Fi11giicl#l assets The chai'ity'8 principal finaiicial assets consist of casli and cash equivalenls aiid other debtoi'.s. oilier debtors al'e measured initially al Iran8aclion price and subsequenily al aniorti%ed cost. Fln8Hcig1 liabilitits and equlty Instruments The chai'ily's principal financial liabilities include other credilors, and accrua15 which are Ineasui'ed initially al transaction price and 8ubsequei)tly al ainortised cosl. C2$h And easli cqulvalents Cash and cash equivalenls includ¢ cash in haiid, dei)osils held al call with banks and other shorl-lenn liqiiid investmenlb, all of wl)i¢h are available for use by Ihe cliariiy iinless otherwise slated. INVESTMENT INCOME Jl.12.24 31.12.23 Rents received Iiiveslment Inconie 39,245 64,767 36,114 4R,707 104,012 84,821 RAISINC FUNDS IIivL's¢IiiLllt management costs 31.12.24 31.12.23 Investmenl Managernenl F¢¢s 16,366 15.092 Page I contliiued... DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENCH CLINIC AND FRENCH BENEVOLENT SOCIETY NOTES TO THE FINANCIAL STATE￿IENTs - continued for the Year Ended 31 Deeember 2024 SUPPORT COSTS Govei'nai)ce C051s' Charitable Expend&ture 10,820 Support costs. included in Ihe above. are as follows-. Governance costs 31.12.24 Charilablc Expendittire 31.12.23 Total activities Exaniineis fees Accountancy fces Legal f¢¢s 4,800 2,938 3,082 4,800 3,145 3,491 10,820 11,436 NET INCOMF.I(EXPENDITURE) Nel incomel{expendilure) 15 slated after chaTgingl(crediling)- 31.12.24 31.12.23 Dei)rcciation - owned assels Deficit on digposal of- fixed assets 16,931 14,987 88 TRUSTEES, REMUNEIL4TION AND BENEFITS There were i)0 Iruslee.8' reniuneralion or other benefits for tl)e year ended 31 Decenibei. 2024 nor for Ilie year ended 31 Deceinber 2023. Trustees, expenses There were no trustees. expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. STAFF COSTS The average nionihly nuinber ofemploytts during the year was as follows: 31.12.24 31.12.23 CFLaYiÉy sla No einploy¢es received emoluinejits in excess of £60,000. Page 12 continued.-. DISPENSAIRE FRANCAIS-SOCIKTE FRANCAISE DE BIENFAISANCE FRENCH CLIN'IC AND FRENCH BEYEVOLENT SOCIETY NOTES TO THE FINANCIAL STATEMEYTS_ continued for the Year Ended 31 Deeember 2024 COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fuiids INCOME AND ENDOWMENTS FROM Donalions and Icgacies 225,203 Charltable activltles Mcdical Receipts aiid Patienl fees 25,989 Inv¢slmenr income 84,821 Toly41 336,013 XPENDITURI ON Raisiiig funds 42,403 Clioi-itable aeilvltles Cbai'ilable Expenditure 231,938 Other 1,086 Total 275,427 Nel gain.s on invesimenls 93,467 NEI T INCOME 154.053 RECONCILIATION OF FUNDS Total funds brou¥l)I forwtsrd 2,984.606 TOTAL FUNDS CARRIED FORWARD 3,13¥,659 Page 13 continued... DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FREN'CH CLtNIC AND FRENCH BENE￿'OLENT SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ellded 31 Dcccmber 2024 TANGIBLE fixED ASSETS Freehold property Plant llnd niachinery Totals COST At l Jaiiuaiy 2024 Additions ,tVJ9,855 4,261b 85,900 4,984 1,185,755 9,244 Ai 31 December 2024 1,104.115 90,884 1,194,99 DEPREI CIATION Ai l JanLiary ?024 Charge tor y¢ar 21 S,.J3R 12,246 58,J75 4,685 273,513 16,931 Ai 31 Deceiiiber 2024 227,584 62,860 290,444 NET BOOK VALUE Ai 31 December 2024 876,5Jl 28,1)24 904,555 Al 31 December 2023 884,517 27.725 912,242 io. rixED ASSET INVESTMENTS Listed inveslnienls Unlisted inveslmenls Totals MARKET VALUE At l Jai)uary 2024 Additions Disposals Revalu8tiorts 1,813,109 416.820 (.188,886) 96.056 41,271 1,854,380 416,820 (388,1186) 97,18 1,132 Ai 31 December 2024 1,937,099 42,403 1,979,502 NET BOOK VALUK Ai 31 December 2024 1,937,099 42,403 1,979,502 Ai 31 December 2023 1,813.109 41,271 1,854,380 Cost or valuation at 31 December 2024 is represented by= Li5tcd inve5tmenls Unlisted investmenls Totals Valuation in 2021 Valuation in 9022 Valuation iii 2023 Valuation in 2024 Cost 245.5J6 (224,489) 76,414 110,651 1,728,9R7 2,500 (5,331) 3,691 1,132 40,411 248,036 (229,820) 80,105 11,783 1,769,398 1,937,099 42,403 1,979,502 Page 14 contiiiued. DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAISANCE FRENI C.H CLIINIC .4ND FRENCH BENEVOLENT SOCIETY NOTES TO THE FINANCIAL STATEMEYTS- Continued lor Ihc Year Ended 31 December 2024 ii. CASH AT BANK 31.12.24 Total funds 31.12.23 Total funds Dcposil with Inve$lnienl Managers Bank account CAF l yeai. fixed terni CAF 60 Shawbrook savings Cash in Hand 12,914 98,348 138,161 88,590 147 6,986 166,127 131.995 86,066 1,414 Total 338,160 392,588 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Oiliei. ci'edilorq Acctuals and deferred income Accrued exiienses 6,660 5.215 13,000 21,532 18,775 25,435 39,747 13, MOVEMKNT IN FUNDS Nel movenienl in tunds Transfers between funds Ai 31.12.24 Ai 1.1.24 Unrestrleted fund5 Genei'al tiind Revaluation Fiind Mainlenunce Fuiid Designaled FiJnd-Property and Iiiveblmenls 356,937 98,320 42,825 2,640,577 (13,728) 97,189 3,298 14,594 (23,24S) 5.353 346,507 210,103 19,S81 2,64S,930 3,138,659 83,462 3,222,121 TOTAL FUNDS 3,138,659 83,462 3,222,121 Nel movernent in funds. included in (he alx)ve are as follow5.. Incoming resources Resources expended Glliits aiid los.se. MDvemei)I in funds Unrestricted (unds General fund Revaluation Fund Maintenance Fund 260,181 (273,909) {13,728) 97,189 97,189 260,182 (273,9119) 97,189 83,462 TOTAL FUNDS 260,182 {273,909) 97,189 83,462 Page 15 contiiiued... DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAIS.4NCE FRENCH CLIYIC thD FRENCH BENEVULEN"r SOCIETY NOTES TO THE FINANCIAL STATEMENTS- tontinued for the Year Ended 31 December 2024 13. MOVEMENT IN FUNDS- eontinued ComparAtlves for movement in fund5 Net niovetiient in fuiids Transfers between funds At 31.12.23 At 1.1.23 Unrcstrlcted funds General fund Revalualioi) Fuiid MaiI)lenance Fund Designated Fund_Property and Inveslmenls 401.858 18,215 68.C)73 2.495,860 60.586 93,467 (105,507) (13,362) (25.848) 144,717 356,937 98,320 42.¥25 2.640,577 2,9114,606 154.053 3,138,659 TOTAL FUNDS 2,984.606 154.053 3,138,C)59 Comparative nel Inoveineiit in fvnds, included in the above are as follows: Incoming resources Resourccs expended Gains and losses Moveii)eiiT in funds UnrestrlLtcd fuiidy Genei'al fiind Revaluulion Fund 336.013 (275,427) 60,586 93,467 93,467 336,013 (275,427) 93,467 154.053 TOTAL FUNDS 336.013 (275,427) 93,467 154,053 A ¢un'ent year 12 months aiid prior year 12 months combined position is as follows: Ncl movenienl in funds Transters between runds Ai 1.1.23 31.12.24 Unrestrlcted funds General fund Revalualioii Fund Maintenance Fund Designaled Fund-Property and Investments 401,858 18,215 68.673 2.495.860 46,858 190,656 {102,209} 1,232 (49.093) 150,070 346,507 210,103 19.581 2,645,930 2,984,606 237.515 3,222,121 TOTAL FUNDS 2.984,606 237,515 3.222,121 Page 16 conliiiued..- DISPENSAIRE FRANCAIS-SOCIETE FRANCAISE DE BIENFAIS.4NCF. FRF.N'C.H CLINIC AND FRENCH BENEVOLEIYT SOCIETY NOTES TO THE F1Tr4ANCIAL STATENIENTS- contlnued for the Yoar Ended 31 Deeember 2024 13. MOVEMENT IN FUNDS - continued A current y¢aY 12 nionihs and prior year 12 rnonih5 combiiied nel inoveiiient in (unds, included in the above are a$ folloiys.. Incoming resources Resources expended Gaiils and Movemeiil in funds Unrcslrleted funds Cieneial fund RevalualioIi Fund Mainleiiance Fund 596.194 (549,336) 4(),858 190,656 190,656 596,195 (549,336) 190.656 237.515 TOTAL FUNDS 596,195 (549,336) 190,C>56 237,515 Reviluatlon Fund ThL rLV