1.2.3 Soleil
Trustees’ Report for the Year Ended 31 July 2024
REGISTERED COMPANY NUMBER: 06960170 (England and Wales) REGISTERED CHARITY NUMBER: 1132936
Trustees’ Report and
Unaudited Financial Statements for the Year Ended 31 July 2024
for 1. 2. 3 Soleil
1.2.3 Soleil
Trustees’ Report for the Year Ended 31 July 2024
1.2.3 Soleil
Contents of the Financial Statements for the Year Ended 31 July 2024
| Page | |
|---|---|
| Trustees’ Report | 1 to 4 |
| Independent Examiner’s Report | 5-6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 to 9 |
| Cash flow | 10 to 11 |
| Notes to the Financial Statements | 12 to 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
1.2.3 Soleil
Trustees’ Report for the Year Ended 31 July 2024
The trustees present their annual report and accounts for the year ended 31st July 2024. The board of trustees are satisfied with the performance of the charity during the year and the position at 31st July 2024 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity’s assets are adequate to fulfil its obligations.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06960170 (England Wales)
Registered Charity Number
1132936
Registered office
16 Ashley Park Maidenhead England SL6 8EZ
Trustees
Francois-Xavier Cadinouche Sophie Florence Ward Damien O’Jeanson Christelle Ashcroft Fabienne Martinez Joelle White Ophelie Barbet
Company Secretary
Yasmina Norval
Independent Examiner
Chris Sellers FCA
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association. The directors of the company are also trustees of the charity. Eligibility for membership of the charity, and membership of the board of trustees is governed by the memorandum and articles of association. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
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1.2.3 Soleil
Trustees’ Report for the Year Ended 31 July 2024
Recruitment and appointment of new trustees
Eligibility for membership of the charity, and membership of the board of trustees is governed by the memorandum and articles of association.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Advance education by such means as the trustees may consider appropriate including by means of establishing and operating any educational establishment in Maidenhead, Camberley and Amersham and in such other parts of the United Kingdom or the world as trustees may from time to time think fit and fulfil such other purposes which are exclusively charitable according to law of England and Wales and are connected with the charitable work of the charity.
Significant Activities
1.2.3 Soleil is a school to teach the French language and culture. The school welcomes children from the age of 3 in a playful environment to improve fluency and confidence of expression in the French language. As a meeting point for French speaking families in the Maidenhead area the school is establishing cultural and educational activities to enhance a connection with French culture.
Public Benefit
The trustees of 1.2.3 Soleil are committed to broadening access to the school by offering to eligible parents means tested financial support and will ensure funds made available for Bursaries are used to support parents who otherwise would not be able to send their children to School.
Bursary awards are subject to a financial assessment of parental means in accordance with guidelines issued by Charity Commission. 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 availability 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.
Bursaries will be awarded from the first entry level (i.e. la Petite Ecole) to local pupils whose parents have limited financial 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 time here. The school had awarded no bursaries to children as at the end of the accounting year.
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1.2.3 Soleil
Trustees’ Report for the Year Ended 31 July 2024
STRATEGIC REPORT
Achievement and performance Charitable activities
In the academic year 2023-24 the school had between 330 and 340 students (335 in the previous year) on a weekly basis aged 3 till 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 teachers or help with additional activities and the library.
The library is composed of more than 1,000 books available to all students and parents. Children are encouraged to borrow from a wide selection of books, comics, novels, fictions etc. on a weekly basis.
Payments are usually made to 1.2.3 Soleil once a term. The Trustees’ aim to have minimum reserves of £20,000. This amount represents a month of expenditure and contractual engagements by the end of the fiscal year 2024 this reserve has been met.
We received no sponsorship, and no bursaries were granted in the year 2023-2024.
STRATEGIC REPORT
Financial Review
Reserves policy
The Trust holds £32,912 (was £57,080 in 2023) reserves at the year-end of the year of which all are Unrestricted.
Payments are usually made to 1.2.3 Soleil once a term. The Trustees’ aim is to have minimum reserves of £20,000. This amount represents a months’ notice of expenditure. By the end of fiscal year 2024, this reserve has been met.
Share capital
The company is limited by guarantee and therefore has no share capital.
Transactions and financial position
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 2015). The financial statements are set out on pages 6 to 8.
The Statement of Financial Activities show net outgoing resources expended for the year of a revenue loss of £24,168 (prior year net outgoing resources of £5,560) and net realised outgoing resources of a capital nature of £4,451 (prior year £1,680), making net overall realised outgoing resources expended of £24,168 (prior year realised outgoing resources of £5,560).
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1.2.3 Soleil
Trustees’ Report for the Year Ended 31 July 2024
The total reserves at the year-end after accounting for unrealised losses/after revaluing investments stand at £32,912 (prior year £57,080).
Free unrestricted liquid reserves amounted to £32,912 (prior year £57,080).
STATEMENT OF TRUST RESPONSIBILITIES
The trustees (who are also the directors of 1.2.3 Soleil for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Financial Reporting Standards (FRS102).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
Select suitable accounting policies and then apply them consistently.
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Observe the methods and principles of the Charity SORP.
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Make judgements and estimates that are reasonable and prudent.
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with the reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for the safeguarding assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Trustees’ report incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22/04/2025 and signed on the board’s behalf by:
Francois-Xavier CADINOUCHE - Trustee
Page 4
Independent Examiner’s Report to the Trustees of 1.2.3 Soleil
for the Year Ended 31 July 2024
I report on the accounts for the year ended 31 July 2024 set out on pages seven to eighteen.
Respective responsibilities of trustees and examiner
The charity’s trustees (who are directors for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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Examine the accounts under Section 145 of the 2011 Act
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To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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State whether particular matters have come to my attention.
Basis of the independent examiner’s report
My examination was carried out with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I 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.
Page 5
Independent Examiner’s Report to the Trustees of 1.2.3 Soleil
for the Year Ended 31 July 2024
Chris Sellars FCA
Date: 22/04/2025
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1.2.3 Soleil
Statement of Financial Activities for the year ended 31 July 2024
| Notes INCOME AND ENDOWMENTS FROM: Income from other trading activities 2 Total income and endowments EXPENDITURE ON: Operating costs Charitable activities 3 4 Total expenditure NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Year Ended 31.07.24 Unrestricted funds £ Year Ended 31.07.23 Total funds £ 154,441 159,311 |
|---|---|
| 154,441 159,311 |
|
| 155,178 23,431 137,550 16,201 |
|
| 178,609 153,751 |
|
| (24,168) 5,560 57,080 51,520 32,912 57,080 |
The notes form part of these financial statements
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1.2.3 Soleil
Balance Sheet
At 31 July 2024
| Notes FIXED ASSETS Computers & Telephone (NBV) CURRENT ASSETS Cash at bank Debtors CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds: Activities in furtherance of charities objectives 10 TOTAL FUNDS |
31.07.24 Unrestricted funds £ 31.07.23 Total funds £ 5,590 28,790 1,034 (2,502) 4,287 54,558 725 (2,490) |
|---|---|
| 32,912 57,080 |
|
| 32,912 57,080 |
|
| 32,912 57,080 |
|
| 32,912 57,080 |
|
| 32,912 57,080 |
The notes form part of these financial statements
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1.2.3 Soleil
continued…
Balance Sheet – continued At 31 July 2024
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 July 2024 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 statement which give a true and fair view of the state of affairs of the charitable company as at the end of the 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.
These financial statements have been prepared in accordance with the provisions applicable to company’s subject to the small companies’ regime. The financial statements were approved by the Board of Trustees on 22/04/2025 and were signed on its behalf by:
Francois-Xavier Cadinouche – Trustee
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1.2.3 Soleil
The notes form part of these financial statements
Table 1: Statement of cash flows
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Total Prior
Funds year Note
funds
£ £
Cash flows from operating activities:
Net cash provided by (used in) operating activities (22,083) 5,869 (Table 2
below)
Cash flows from investing activities:
- -
Dividends, interest and rents from investments
Proceeds from the sale of property, plant and equipment 766 -
Purchase of property, plant and equipment (4,451) (1,680)
- -
Proceeds from sale of investments
Purchase of investments - -
Net cash provided by (used in) investing activities (25,768) 4,189
Cash flows from financing activities:
Repayments of borrowing - -
- -
Cash inflows from new borrowing
- -
Receipt of endowment
Net cash provided by (used in) financing activities - -
Change in cash and cash equivalents in the reporting (25,768) 4,189
period
Cash and cash equivalents at the beginning of the 54,558 50,369 (Table 2
reporting period below)
- -
Change in cash and cash equivalents due to exchange
rate movements
Cash and cash equivalents at the end of the reporting 28,790 54,558 (Table 2
period below)
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1.2.3 Soleil
Accounting and reporting by charities
Table 2: Reconciliation of net movement in funds to net cash flow from operating activities.
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Current Prior
Year Year
£ £
Net movement in funds for the reporting period (as per (24,168) 5,560
the statement of financial activities)
Adjustments for:
Depreciation charges 2,382 2,018
- -
Dividends, interest and rents from investments
- -
Loss/(profit) on the sale of fixed assets
- -
(Increase)/decrease in stocks
(Increase)/decrease in debtors (309) (2,070)
Increase/(decrease) in creditors 12 361
Net cash provided by (used in) operating activities (22,083) 5,869
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Table 3: Analysis of cash and cash equivalents
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Current Year Prior Year
£ £
Cash in hand 28,790 54,558
- -
Notice deposits (less than 30 days)
- -
Overdraft facility repayable on demand
Total cash and cash equivalents 28,790 54,558
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1.2.3 Soleil
Notes to the Financial Statements for the Year Ended 31 July 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice.
The financial statements are prepared, on a going concern basis, under the historical cost convention.
Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when the funds are raised for restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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1.2.3 Soleil
Notes to the Financial Statements- continued for the Year Ended 31 July 2024
2. OTHER TRADING ACTIVITIES
| Year Ended | Year Ended | |
|---|---|---|
| 31.07.24 | 31.07.23 | |
| Unrestricted | Total | |
| funds | funds | |
| £ | £ | |
| Operation of French School | 154,441 | 159,311 |
3. OPERATING COSTS
| Cost of goods sold Fixed Asset depreciation Rent Insurance . EXPENDITURE ON CHARITABLE ACTIVITIES Support costs 5 Governance costs 6 |
Year Ended 31.07.24 Unrestricted funds £ Year Ended 31.07.23 Total funds £ 100,794 2,382 50,886 1,116 99,135 2,018 35,493 904 155,178 137,550 Year Ended 31.07.24 Unrestricted funds £ Year Ended 31.07.23 Total funds £ 21,617 1,814 14,646 1,555 23,431 16,201 |
Year Ended 31.07.24 Unrestricted funds £ Year Ended 31.07.23 Total funds £ 100,794 2,382 50,886 1,116 99,135 2,018 35,493 904 155,178 137,550 Year Ended 31.07.24 Unrestricted funds £ Year Ended 31.07.23 Total funds £ 21,617 1,814 14,646 1,555 23,431 16,201 |
|---|---|---|
| 23,431 16,201 |
4. EXPENDITURE ON CHARITABLE ACTIVITIES
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1.2.3 Soleil
Notes to the Financial Statements- continued for the Year Ended 31 July 2024
5. SUPPORT COSTS
| Operation of French School Support costs, included in the above, are as follows: Telephone Postage and stationery School books and materials Gifts to pupils Software and IT expenses Travel Professional fees Subscription Miscellaneous expenses Training Costs Computer Expenses Entertainment Bank charges Marketing Expenses P&L on Disposal of fixed assets Commission paid |
Year Ended 31.07.24 Unrestricted funds £ Year Ended 31.07.23 Total funds £ 21,617 14,646 |
|---|---|
| Year Ended 31.07.24 Operation of French School £ Year Ended 31.07.23 Total activities £ 1,381 2,185 2,237 2,357 297 1,091 199 613 344 724 232 2,481 6 192 766 6,512 1,285 2,315 3,649 505 1,312 651 440 430 1,581 377 159 1,918 24 - - - |
|
| 21,617 14,646 |
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1.2.3 Soleil
Notes to the Financial Statements- continued for the Year Ended 31 July 2024
6. GOVERNANCE COSTS
| Year Ended | Year Ended | |
|---|---|---|
| 31.07.24 | 31.07.23 | |
| Unrestricted | Total | |
| funds | funds | |
| £ | £ | |
| Independent Examiner’s Fees | 1,814 | 1,555 |
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1.2.3 Soleil
Notes to the Financial Statements- continued for the Year Ended 31 July 2024
7. TRUSTEES’ REMUNERATION AND BENEFITS
The below trustees received remuneration for the year ended 31 July 2024 as per the company’s memorandum and articles of association:
-
Sophie Ward- £2,820- remunerated as a teacher.
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Christelle Ashcroft- £2,679- remunerated as a teacher.
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Fabienne Martinez- £3,317- remunerated as a teacher.
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Francois-Xavier Cadinouche-£1,918- remunerated as a business manager.
Trustees’ expenses
The charity has not met any individual 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 expenditure.
8. STAFF COSTS
In both 2024 and 2023 no staff were employed. 1.2.3 Soleil continues to use subcontracting tutors. No employees received emolument in excess of £60,000 in 2024.
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses Advance from debtors 10. MOVEMENT IN FUNDS Unrestricted funds Activities in furtherance of charities objectives TOTAL FUNDS |
Year Ended 31.07.24 £ Year Ended 31.07.23 £ 1,814 688 1,814 676 2,502 2,490 At 01.08.23 £ Net movement in funds £ At 31.07.24 £ 57,080 (24,168) 32,912 57,080 (24,168) 32,912 |
|---|---|
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1.2.3 Soleil
Notes to the Financial Statements- continued for the Year Ended 31 July 2024
Net movement in funds, included in the above are as follows:
| Unrestricted funds Activities in furtherance of charities objectives TOTAL FUNDS |
Incoming resources £ Resources expended £ Movement in funds £ 154,441 (178,609) (24,168) 154,441 (178,609) (24,168) |
|---|---|
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1.2.3 Soleil
Detailed Statement of Financial Activities for the Year Ended 31 July 2024
| INCOME AND ENDOWMENTS FROM: Income from other trading activities Total income and endowments OPERATING COSTS: Cost of goods sold and other costs Subcontracting tutors Other direct costs Investment management costs Rent Insurance Depreciation provision EXPENDITURE ON CHARITABLE ACTIVITIES: Independent Examiner’s Fees Support costs Telephone Postage and stationery School books and materials School trips and pupils’ gifts Software and IT services and subscription Travel & subsistence Carried forward |
Year Ended 31.07.24 Unrestricted funds £ Year Ended 31.07.23 Total funds £ 154,441 159,311 |
|---|---|
| 154,441 159,311 |
|
| 154,441 159,311 |
|
| 96,992 3,802 95,056 4,079 |
|
| 100,794 99,135 50,886 1,116 2,382 35,493 904 2,018 |
|
| 54,384 38,415 1,814 1,555 1,381 2,185 2,237 2,357 910 1,091 1,285 2,315 3,649 505 1,741 651 |
|
| 10,161 10,146 |
This page does not form part of the statutory financial statements
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1.2.3 Soleil
Detailed Statement of Financial Activities for the Year Ended 31 July 2024
| Brought forward Miscellaneous expenses Professional fees Entertainment Computer Expenses Training Costs Marketing expenses P&L on Disposal of fixed assets Bank charges Commission paid Total expenditure Net income/(expenditure) |
Year Ended 31.07.24 Unrestricted funds £ Year Ended 31.07.23 Total funds £ 10,161 344 199 2,481 232 724 192 766 6 6,512 10,146 1,581 440 1,918 159 377 - - 24 |
|---|---|
| 21,617 14,646 |
|
| 178,609 153,751 |
|
| (24,168) 5,560 |
This page does not form part of the statutory financial statements
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