1.2.3 Soleil REGisfERED COMPANY NUMBER: 06960170 (England and Walesl REGISTERED CHARITY NUMBER: 1132936 Trustees. Report and Unaudlted Financial Statements for the Year Ended 31 July 2023 for 1. 2. 3 Soleil
1.2.3 Solell Contents of the Financlal Statements for the Year Er)ded 31 July 2023 Page Trusteeg Report Ito4 Independent Examinerf5 Report Statement of Financlal Activities Balance Sheet 8t09 Cash flow Iotoll Notes to the Flnanclal Statements 12to17 DetaSled Statement of Flnandal Actlvltles 18to19
1.2.3 Soleil Trustees, Report for the Year Ended 31 July 2023 The trustees present their annual report and accounts for the year ended 31st July 2023. The board of trustees are satisfied wlth the performante of the charity durlng the year and the posrtion at 31st July 2023 and consider that the charity is in a stron8 Position to contlnue its activitles during the coming year, and that the CharItS assets are adequate to fulfil its obligations. REFERENCE AND ADMINisfRATIVE DEfAILS Reglstered Company number 06960170 (England Wales) Re815tered Charfty Number 1132936 Reg15tered office 16 Ashley Park Maidenhead England SL6 8EZ Trust•es Francols-xavler Cadlnouche Sophle Florence Ward Damlen O'jeanson Christelle Ashcroft Fabienne Martlnez Yasmina Norval Joelle Whlte Ophelie 8arbet Company Seerntary Ya5mina Norval Independent Examlner Chri5 Sellers FCA STRUCWRE. GOVERNANCE AND MANAGEMENT Governlng document The charity is constltuted a5 a company Ilmlted by guarantee and is therefore governed by a memorandum and artlcles of association. The dirertor5 of the company are also trustees of the harity. Ellgibility for membership of the charity, and membershlp of the board of trustees 15 governed bythe memorandum and artldesof association.There are no restrirtions In the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law. Page I
1.2.3 Soleil Trustees, Report for the Year Ended 31 July 2023 Recrultment and appolntment of new trustees Eligibility for membership of the tharlty, and membership of the board of trustees Is governed by the memorandum and articles of assodation. Rlsk Management The trustees have a duty to Identify and review the r15ks to whlch the charity is exposed and to ensure appropriate controls are In place to provide reasonable assurance against fraud and error. OBJEcnvES AND AcfiviTIES Objectlve5 and alms Advance education by such means as the trustees may consider appropriate Including by means of establishing and operating any educational establlshment in Maidenhead, Camberley and Amersham and in such other parts of the United Kingdom or the world as trustees may from tlme to tlme think fit and fulfil suth other purposes whlch are exclusively charitable accordln8 to law of England and Wales and are connerted wlth the charftable work of the charlty. Slgnlficant Actlvltles 1.2.3 Solell Is a school to teach the French language and culture. The school welcomes chlldren from the age of 3 In a playful envlronment to Improve fluency and confldence of expresslon In the French lan8uage. As a meeting point for French speakin8 families In the MaSdenhead area the school Is establishlng cultural and educatlonal activities to enhance a connection with French culture. Publ1¢ Benefft The trustees of 1.2.3 Soleil are committed to broadening access to the school by offering to ellglble parents means tested flnancial support and will ensure funds made available for 8ursarles are used to support parents who otherwise would not be able to send their children to School. Bursary awards are subject to a finanaal assessment of parental means In accordance wlth guidelines issued by Charlty Commlssion. Awards will be granted to those families with the most limited of means who are most likely to benefit from the education offered at the school. Awards are subject to availabilty of budget. The financial assessment will be based on parental net resources and will take Into account income, capital assets and Investment and capital liabilities. 8ursarles will be awarded from the first entry level li.e. la Petlte Ecolel to local pupi15 whose parents have Ilmlted flnanclal means, In addition, funds are sometimes available to help families who already have a place at 1.2.3 Soleil but whose circumstances have changed significantly during their tSme here. The school had awarded no bursaries to children as at the end of the accountlng year. Page 2
1.2.3 5oleil Trustee5' Report for the Year Ended 31 July 2023 srRATEGIC REPORT Achievement and perfomiance Choritoble activities In the acadernic year 2022-23 the school had between 330 and 340 students {333 In the prevlous yearl on a weekly basis aged 3 tlll 15 years old and provide French lessons with the help of qualified teachers up to GCSE level. The school is supported by a team of 9 volunteers who may assist teadiers or help wlth additional activities and the library. The Ilbrary Is composed of more than I,1 books avallable to all students and parents. Chlldren are encouraged to borrow from a wide selectlon of books, comics, novels, flrtlons etc. on a weekly basls. Payments are usually made to 1.2.3 Soleil once a term. The Trusteeg aim to have mlnlmum reserves of £40,000. This amount represents a term of expenditure and contrartual engagements by the end of the fiscal year 2023 this reserve has been met. We received no sponsorshlp, and no bursarles were granted In the year 2022-2023. STRATEGIC REpoirr Flnanclal Revlew Reserves policy The Trust holds £57,080 Iwas £51,520 In 20221 reserves at the year-end of the year of whlch all are Unrestrlrted. Payrnents are usually made to 1.2.3 Solell once a term. The Trustee5' aim is to have mlnlmum reserves of £40,000. This amount represents a temi of expenditure. By the end of flscal year 2023, thi5 reserve has been met. Shore copital The company Is Ilmlted by guarantee and therefore has no Share capltal. Transactions and financlal posltlon The financial statements comply with the Charitie5 Act 2011, the Companles Act 2006, the Memorandum and Articles of Assoclation, and Accounting and Reporting by Charltles: 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 IFRS 1021 (effertive I January 2015). The financial statements are set out on pages 6 to 8. The Statement of Flnancial Activities Show net outgoing resources expended for the year of a revenue nature of £5,560 (prior year net outgoing resources of £19.979) and net reali5ed outgolng resources of a capltal nature of £1,680 (prior year £3,043). making net overall realised outgolng resources expended of £5,560 {prior year realised outgoin8 resource5 of £19.9791. Page 3
1.2.3 Soleil Tru5tees' Report for the Year Ended 31 July 2023 The total reserves at the year-end after accountln8 for unrealised losses/after revalulng Investments stand at £57,080 Iprlor year £51,520}. Free unrestricted liquld reserves amounted to £57,080 (prior year £51,520). STATEMENf OF TRUST RESPONSIBIUTIES The trustees Ivtho are also the directors of 1.2.3 Soleil for the purposes of company law) are responslble for preparing the Trustees, Report and the flnancial statements in accordance wlth appllcable law and United Kingdom Accountin8 Standards (Financial Reportlng Standards IFRS1021. Company law requlres the trustees to prepare financial statements for each financial year which Ive a true and fair view of the state of affairs of the charitable company and of the Incoming resources and applicatlon of resources. includlng the Income and expendlture, of the charitable company for that perlod. Sn preparin8 those financial statements, the trustees are required to Select 5Ultable accountin8 policies and then apply them conslstently. Observe the method5 and prlnclples of the Charity SORP. Make Judgements and estimates that are reasonable and prudent. Prepare the finanaal statements on the going concern basls unless It Is Inapproprlate to presume that the charitable company will continue In buslness. The trustees are responsible for keepin8 proper accountin8 records which dlsclose wlth the reasonable accuracy atanytimethefinanclal posltlon of the charitable companyand to enablethem to ensure that the flnanaal statements comply with the Companles Act 2006. They are also responsible for the safeguardin8 assets of the charitable company and hence for taklng reasonable 5 for the p_revention and detectlon of fraud and other Irregularitles. The trustees are responsible for the malntenance and Integrlty of the corporate and financlal Infomatlon included on the charitable companvs website. Legislation in the Unlted Klngdom governing the preparation and dissemlnatlon of finanual statements may differ from leglslatlon In other lurlsdlttlons. This report has been prepared In accordante with the 4)ecial provlslons of Part 15 of the Companles Art 2006 relating to small companles. Trustees. report Incorporatlng a strategic report, approved by order of the board of trustees, as the L7AFR2024 company directors, on ............... and sl8ned on the board'5 behalf by: Francois-xavier CADINOUCHE- Trustee Page 4
Independent Examine¢s Report to theTrustees of 1.2.3 Soleil I report on the accounts forthe yearended 31 July 2023 set out on pages seven to eighteen. Respectlve responsibllltles of trustees and exarnlner The tharitys trustees (who are direttors for the purposes of company lawl are responslble for the preparatSon of the accounts. The charitys trustees consider that an audSt is not required for this year (under Sectlon 144121 of the Charities Act 2011 (the 2011 Artl and that an independent examinatlon is required. Havlng sat15fied myself that the company is not subject to audlt under company law and Is eligible for Independent examinatlon, it is my responslblllty to: Examine the accounts under Section 145 of the 2011 Art To follow the procedures laid down In the General Directions given by the Charlty Commission (under Sectlon 14515llb) of the 2011 Act); and State whether partlcular matters have come to my attention. Basls of the Independent examlnerf5 reix•rt My exarnination wa5 carrled out with the General Directlons given by the Charity Cornmission. An examlnatlon Includes a review of the attounting records kept by the charity and a comparlson of the accounts presented with those records. It also Includes consideration of any unusual Items of d15closures in the accounts and seekln8 explanations from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evldence that would be requSred in an audlt, and consequentlyno opinlon15 given astowhetherthe accounts presenta'true andfalrvlew, and the report Is Ilmlted to those matters set out In the statements below. Independent examlnerfs statement In connectlon with my examination, no matter has come to my attentlon whlch 8lves me cause to belleve that In, any materlal respert: accounting records were not kept In accordance wlth sectlon 386 of the Companles Art 2006,. or the accounts do not accord wlth such records,. or the accounts do not comply wlth relevant accounting requirements under section 396 of the Companies Att 2CKi6 other than any wequirernentthat the accounts glve a 'true and falrf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance wlth the Charltles SORP {FRS102). I have come across no other matters in connection with the examination to whlch attentlon should be drawn In this report in orderto enable a proper understandlng of the accounts to be reached. Page 5
Independent Examinerfs Report to the Trustees of 1.2.3 Soleil Chris Sellars FCA Date: .......... Page 6
1.2.3 Soleil Statement of Flnancial Activities forthe year ended 31 July 2023 Year Ended 31.07.23 UnrestrScted funds Year Ended 31.07.22 Total funds Notes INCOME AND ENDOWMENTS FROM: Income from other tradSng activities 159,311 159,Crf)9 Total Incorne and endowments 159,311 159,CK19 EXPENDITURE ON: Operatlng costs Charltable acUvitSes 137.550 16,201 119,899 19,131 Total expendlture 153,751 139,030 NFf INCOME/{EXPENDITURE} 5.560 19,979 RECONCIUATION OF FUNDS T¢Jtsl funds brought fonvard 51,520 31,541 TOTAL FUNDS CARRIED FORWARD 57,080 51,520 The notes form part of these finandal statements Page 7
1.2.3 Soleil Balance Sheet At 31 July 2023 31.07.23 Unrestricted funds 31.07.22 Total funds Notes FIXED ASSErs Computers & Telephone INBV} CURRENT Assrrs Cash at bank Debtors CREDITOR5 Amounts falllng due within one year 4,287 4,625 54,S58 725 50,369 (1,3451 (2,4901 (2,129) NEf CURRENT ASSETS 57,080 51,520 TOTAL ASSEfs LESS CURRENT LIABILITIES 57,080 51,520 NEf ASSErs 57,080 51,520 FUNDS Unrestrlrted funds: Actlvltles In furtherance of charltles objectlves io 57,080 51,520 TOTAL FUNDS 57,080 51,520 The notes fomi part of these finandal statements Page 8
1.2.3 Soleil continued... Balan Sheet- contlnued At 31 July 2023 The charltable company Is entitled to exemption from audlt under Section 477 of the Companies Act 2006 relating to small companles forthe yearended 31 July 2023. The members have not required the charitable company to obtain an audit of its flnancial statements for the year ended 31 July 2023 in accordance with Sectlon 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for {a> ensuring that the charitable company keeps accountlng record5 that comply wlth Settlons 386 and 387 of the Companies Art 2W6 and {bl preparlng financial statement which 8ive a true and fair vlew of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deflclt for each flnan¢lal year in accordance with the requirements of Sectlons 394 and 395 and which otherwlse comply wlth the requirements of the Companles Act 2006 latIng to finandal statements, so far as applicable to the charitable company. These flnanclal statements have been prepared In accordan with the prov5slons applicable to company's subJect to the small companies, reglme. The flnancial statements were approved by the L7APR2 02 4 Board of Trustees on ........................... and were signed on Its behalf by: Francois-xavier Cadlnouche- Trustee Page 9
1.2.3 Soleil The notes fomi part of these finanaal statements Table I: Statement of cash flows Total Funds Prlor year funds Note Cash flows from operating activities: Net ¢osh prnded by (used Inl operotlnq actlvftles 5,869 19,155 (Table 2 below) Cash flows from Investln8 actlvltles: Dividends, interest and rents from investments Proceeds from the sale of property, plant and equlpment Purchase of property, plant and equipment Proceeds from sale of Investments Purchase of Investments Net cosh provlded by lused Inj Investlnq artlvltles Cash flows from financln8 attlvltles: Repayment5 of borrowing Cash Inflows from new borrowln8 Recelpt of endowment Net ca$h pmvlded by (used In)Jlnan¢lno athkles {1.680} 13.0431 4.189 16.112 Change In cash and cash equlvalents In the reportlng rlod Cash and cash equfvalents at the be8lnnlng of the re ortln erlod Change In cash and cash equlvalents due to exthange rate movements Cash and cash equlvalents at the end of the reportlng period 4,189 16,112 50.369 34,257 ITable 2 below 54,558 50,369 (Table 2 below) Pa8e 10
1.2.3 Soleil Accounting and reporting by charities Table 2: Reconciliation of net movement in funds to net cash flow from operating activities. Current Year Prlor Year Net movement In funds for the reportlng perlod (as per the sL7tement of finanaal actlvltles) Adjustments for. Depreclation charges Divldends, interest and rents from investments Lossllprofit) on the sale of fixed assets Ilncrease)/decrease In stocks Ilncrease)/decrease In debtors Increase/ldecreasel In creditors Net cash provlded by {used in) operofr.nq artlvltles 5,560 19,978 2,018 2,384 12,0701 361 1.482 14,6891 19,155 5,869 Table 3: Analysls of cash and cash equivalents Current Year Prlor Year Cash In hand Notlce deposFts (less than 30 day5} Overdraft facllty repayable on demand Total cash and cash equNalents 54,558 50,369 54,558 50,369 Page 11
1.2.3 Solell Notes to the Financial Statements for the Year Ended 31 July 2023 I. ACCOUNTING POLICIES Basis of preparfng the flnandal statements The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in ac¢ordance wlth the Financlal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 Issued on 16 July 2014 and the Flnanclal Reportlng Standard applicable In the United Klngdom and Republlc of Ireland IFRS 102) and the Charities Act 2011 and UK Generally ACpted Practice as it applies from l January 2015. Accountln8 conventlon The financial statements have been prepared under the historical cost convention and in accordance wlth the Statement of Recommended Practlce. The financial ststements are prepared. on a going concern basis, under the historical cost conventlon. In¢omln£ resources All incoming resources are included In the Statement of Flnanclal Artlvltles when the charlty Is legally entltled to the Income and the amount can be quantlfled wlth reasonable accuracy. Resources expended Expenditure Is accounted for on an accruals ba51s and has been da551fled under headlngs that aggre8ate all cost related to the category. Where costs cannot be directly attrlbuted to partlcular headln8S, they have been allocated to actlvlties on a basls conslstent wlth the use of resources. Taxatlon The charity Is exempt from corporatlon tax on its tharltsble artivitles. Fund accourrtlng Unre5trirted funds can be used in accordance with the charitable objectlves at the discretion of the trustees. Restrltted funds can only be used for restricted purp05e5 Within the objerts of the charitv. Restrictions arSse when specitled by the donor or when the funds are ralsed for restrlcted purposes. Further explanatlon of the nature and purpose of each fundls Induded In the notes to the flnancial statements. Page 12
1.2.3 Soleil Notes to the Financial Statements- continued for theyear Ended 31 July 2023 2. OTHER TRADING AcllviTIE5 Year Ended 31.07.23 Unrestricted funds Year Ended 31.07.22 Total funds Operation of French School 159,311 159,009 3. OPERATING cosrs Year Ended 31.07.23 Unrestricted funds Year Ended 31.07.22 Total funds Cost of goods sold Flxed Asset depreclation Rent Insurance 99,135 2,018 35,493 904 78,026 2,384 38,610 879 137,550 119,899 4. EXPENDITURE ON CHARITABLE ACTIVITIES Year Ended 31.07.23 Unrestricted funds Year Ended 31.07.22 Total funds Support costs Governance costs 14,646 1,555 17,144 1,987 16,201 19,131 Page 13
1.2.3 Soleil Notes to the Financial Statements- continued for the Year Ended 31 July 2023 5. SUPPORT COSTS Year Ended 31.07.23 Unrestricted funds Year Ended 31.07.22 Total funds Operation of French School 14,646 17,144 Support costs, Included in the above, are as follows: Year Ended 31.07.23 Operation of French School Year Ended 31.07.22 Total actlvltles Telephone Postage and stationery School books and materlals Glfts to puplls 1,285 2,315 3,649 505 1,420 2,144 4,282 1,474 r li Software and IT expenses -TY_eI. Professlonal fees Subserlptlon Mlscellaneous expenses Training C05t5 Computer Expenses Bad debt write off Entertalnment Bank char8es 1,311 -651 306 1,954 642 981 491 430 1,581 377 159 1,341 1,429 29 1,918 24 14,646 17,144 Page 14
1.2.3 Soleil Notes to the Financial Statements- continued for the Year Ended 31 July 2023 6. GOVERNANCE cosrs Year Ended 31.07.23 Unrestricted funds Year Ended 31.07.22 Total fund5 Independent Examinerfs Fees 1,555 1,987 Page 15
1.2.3 Soleil Notes to the Financial Statements- continued for the Year Ended 31 July 2023 7. TRUSTEES, REMUNERAnoN AND BENEFITS The below trustees receSved remuneration for the year ended 31 July 2023 as per the compan¢s memorandum and articles of association: Sophle Ward- £3,78& remunerated as a teacher. Christelle A5hcroft- £2,881- remunerated as a teacher. Fabienne Martinez- £3,78& remunerated as a teacher. Francois-xavier cadinouch£4,O79- remunerated as a business mana8er. Trurtees. expense$ The charity has not met any indlvldual expenses incurred by trustees for services provided to the charity except where the trustees acted as agents for the charity and made purchases on Its behalf and were reimbursed for this expendlture. . STAFF COSTS In both 2023 and 2022 no staff were employed. 1.2.3 Solell contlnues to use subcontractln8 tutor5. No employees received emolument in excess of £60,IYXI in 2023. 9. CREDITORS: AMOUNT5 FAWNG DUE WITHIN ONE YEAR Year Ended 31.07.23 Year Ended 31.07.22 Accrued expenses Advance from debtors 1,814 676 2,490 2,129 2,129 10. MOVEMENT IN FUNDS At 01.08.22 Net movement in funds At 31.07.23 Unrestrlcted funds Actlvltles In furtherance of chartties objectlves 51,520 5,560 57,080 TOTAL FUNDS 51.520 5,560 57,080 Page 16
1.2.3 Solell Notes to the Financial Statements- continued for the Year Ended 31 July 2023 Net movement in funds, included in the above are asfollows: Incoming resour5 Resources expended Movement in funds Unrestrfrted fvnds Activities in furtherance of charities objectives 159,311 (153,7511 5,560 TOTAL FUNDS 159,311 (153,751) 5,560 Page 17
1.2.3 Soleil Detailed Statement of Flnancial Activitles forthe Year Ended 31 July 2023 Year Ended 31.07.23 Unrestricted funds Year Ended 31.07.22 Total funds INCOME AND ENDOWMENTS FROM: Income from other tradlng activities 159,311 159,009 159,311 131,232 Total Income and endowments 159,311 131,232 OPERATING cosrs: Cost of goods sold and other costs Subcontractln8 tutors Other direct costs 95,056 4,079 75,030 2,996 99,135 78,026 Investment mana8•mqnt costs Rent Insurance Depreciation prov15ion 35,493 904 2,018 38.415 38,610 879 2,384 41,873 EXPENDITURE ON CHARITABLE ACTIVITIES: Independent Examlnerfs Fees 1,555 1,987 Support costs Telephone Posta8e and statlonery School books and materials School trips and pupi15' gifts Software and IT services and subscr6ptlon Travel & subsistence Carried forward 1,285 2,315 3,649 505 1,741 651 10,146 1,420 2,144 4,282 1,474 947 502 10,769 Thls page does not form part of the statutory flnancial statements Page 18
1.2.3 Soleil Detailed Statement of Financial Artivities for the Year Ended 31 July 2023 Year Ended 31.07.23 Unrestricted funds Year Ended 31.07.22 Total funds Brought forward Miscellaneous expenses Professional fees Entertalnment Computer Expenses Tralnln8 Costs Bank charges Bad debt wrltten off 10,146 1,581 10,769 981 1,954 1,429 1,918 1] 159 377 24 148 491 29 1,341 17,144 14,646 Total expendfture Net income/(expendlture) 153,751 5,560 139,031 19,979 This pa8e does not form part of the statutory financlal statements Pa8e 19