Charlty reglstratlon number 1158561 THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trustees I P Oliver S G R Lemaire J P Mccann Charity nurnber (England and Wales) 1158561 Prlncipal address 52 North stet Chichester West Sussex P019 INQ Independent examlner MRJ Housden Bsc CTA FCCA Cavley Place 15 Cawley Road Chichester Wesl Sussex P019 1UZ Solicitors George Ide LLP 52 North SITeel Chichester Wesl Sussex P019 1NQ
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION CONTENTS Page TnJslees' report Independenl examinetrs report Statement of finanaal activities Balance sheet Notes to the finanual stalemcnls 6-12
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The tnjstees present their annual report and finanaal statements for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note I lo the financial statements and comply with the chanty's goveming document. the Charilies Act 2011 and "Accounting and Reporting by Charrties.. Statement of Recommended Prath"ce applicable to charities preparing their accounts in accordance wrth the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 1021" leffeclive 1 January 20191. Oblectlves and actlvitles The objects of the charity are to promole and protect the physical and rnentsl heallh for the public benefrt, in particular but not exdusively to help people sufferin9 from the Parkinson's Disease or Ihose who are patients within hospiee by supporting holistic thefapies acceptèd a5 besng embraced by the first and sacond grL)ups of the therapies originally defined by the House of Lords $cnCe and technology comfflittee report on complementary and allernalive medicine as the trustees deem appropriale and which are practiced according to the SoleTia nerk decision which sets out the commission's approach to the practice of such therapies. Public benefit Ttrie trustees have paid due regard lo guidan issued by the Charity Commission in deciding what aelivities the charity should undertake. Achievements and perfomian¢e Significant activities and achievements against objectives Three grants tolalling £24,489 were made during the year . including one grant of £15,000 to St Imlfn'd's Hospice to pay for the annual running of the complimentary therapy sev11s. Financial review Income lor the year was £105,39712023 - £85,534) and Expenditu £78.978 {2023 - £86.5491. There were gains on investments of £52,941 (2023 - £73,270 lossl- The nel operating SUTplus was £79.360 {2023 - £74,285 deficit). Total reseNes al 5 April 2024 were £3,553,014 12023 £3.473.6541- Included in the unrestricted reseThes are investment properties of £1,075.000. Income Total income for the year was £105.397. The Chanty reIved TTO legacy ncome during the year. Expenditure Total expendilure for the year was £78,978. ReseThes policy The eharily was established by a donation from the late Rene Etton, and with the funds received from his estate it is highty unlikely that the charity will receive any fvrther extemal funds. Therefore ihe trustees plan to fund giants from the income generated by the investments with scope lo use capitsl reserves when 5Llltable. Investment policy The trustee5 investrnent powers are conferred under the Truslee Ad 2000 and the Irustees have a portfolio of investments that they hold under a medium risk in order lo generate enough future income to fund the grant rnaking objectives of the charity. Major risks The Iruslees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place to mthgate exposure lo the major risks Plans for future periods In light of the legacy CeNed during the year, the trustees have identsfied charities that Ul potentially benefit from a grant and are colllacling them in order to invrte them to apy. The Iruslees have not established a rnaximurn grant amount and will Ireal applications on a case by case basis.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Structure governance and management The Rene and Ghislaine of Paris Healing Foundation is a giStered charity. estsblished under a trust deed. The Irustees who served during the year and up to the date of signature of the ffinancial statements were.. I P Oliver S G R LemaiTe J P Mccann Recwitmenl and appntMent of twsfees Truslees are recruited through networking and Vrd of mouth. Induction and training of Imstees New trustees are inducted into the charity through George Ide LLP. the charits soliulors. Othermatters The Iruslees meel al least On each year {virtualty if necessary). Oay lo day running of the charity is delegated lo the Tnjsl deparimenl at Geor9e Ide LLP. The Iruslees. report was approved by the Board of Trustees. Olive Trustee Date.. ...........
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION I report lo the Ituslees on my examination of the financial stslements of The Rene and Ghislaine of Paris He85ing Foundation (the thaTty) for the year ended 5 April 2024. Responsibilities and basis of report A5 the trustees of the charity you are responsible for the prepar*ion of the financial statements in accordance with the requirements of the Charities Aci 2011. report in respect of my examination of the tharty's financial stslemenls carried OLtI under section 145 of the Charities Act 2011. In rarrying oul my examination I have follcAved the Directions gNen by the Charity Commission nder sedion 14515)Ibl of Ihe Charities Acl 2011. Independent examinerfs statement I have completed my examination. I confirm that no mafters have come to my attention in conneclion with the examination giving me cause to believe that in any malenal respect.. accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records. or the financial slalemenls do nol comply with Ihe applicable requirements conceming the form and content of financial statements sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement Ihat the financial statements give a true and fair view. which is not a matter eonsidered 85 part of an independent exarninalion_ I have no cgncems and have come across no other matters in conneth.on with the examination to which attention should be drawn in thÈs rcport in order to enable a propeT understanding of the financial statements to be reached. MRJ Housden Bsc CTA FCCA Director - Watllng & Hirst Lirniled Cawley Place 15 Cawley Road Chichester Wesl Sussex P019 1UZ Dated". 05102125
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds 2024 Unrestrfcted fund5 2023 Notes Income from: Charitsble activits'es Investments 27.000 78.397 27,000 58,534 Total Income 105,397 85.534 Expenditure on-. Raising funds Charitable activities 35.057 43,921 25,189 6t,360 Total expenditure 78.978 86.549 Net gainslllosses) on investments 11 52.941 (73.270) Net incomellexpenditure> and movement In funds 79.360 (74,285) Reconciliation of funds: Fund balances at 6 April 2023 3,473.654 3.547,939 Fund balances at 5 April 2024 3,553,014 3.473,854 The slalemenl of financial activities indudes all gain5 and1055es recognised in the year. All coMe and expendilure derive from continuing aclivilies.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION BALANCE SHEET ASAT 5APRIL 2024 2024 2023 Notes Fixed assets Investment property Investment5 13 14 1.075.000 2,345,064 1.075,000 2,293,935 3.420,OfA 3.368,935 Current assets Debtors Cash al bank and in hand 15 74.472 60.182 65,632 40,639 134.654 106,271 Creditors: arnounts falling due Tmthin one year 16 11.704) 11,5521 Net current assets 132.950 104,719 Total assets less current liabilities 3.553.014 3,473,654 The funds of the charity Unreslricled fvnds 17 3.553.014 3.473,654 3.553.014 3,473,654 The financial statements were approved by Ihe twstees on ................ I P Oliver Trustee
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies Charity infomiation The Rene and Ghislaine of Paris Healing Foundation 15 an unincorporated thartty- 1.1 Accounting convention The financial statements have been prepared in accordance with the charjty's governing document, the Charities Act 2011. FRS 102 "The Financial Reporting Stsndard applicable in Ihe UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Finanaal Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has laken advantage of the provisions in the SORP for charits.es not to prepare a Stalemenl of Cash Flows. The financial ststemenls are Prepared in steding, which is the lundional currency of the charity. Monetary amounts in these finanual statements are rounded to the nearest £. The financial slatemenls have been prepared under the historical cost convention, modified to include the Tevalualion of freehold properties and lo indude investment properties and certain finanual instrurnen15 at fair value. The principal accounting polictes adopted are set out below. 1.2 Goino concern Al the lime of approving the financial statements. the Iruslees have a reasonable expectation thal the chanty has 8dequale resources lo continue in operalional existence for Ihe foreseeable future. Thus the Injstees continue to adopt the going concem basis of accounting in preparing the finanaal Statements. 1.3 Charitable fund5 Unrestricted funds are available for use al the discrellon of Ihe tnjstees in furtherance of their charitable obiectives. Restricted fvnds are subject lo speafic conditions by donors or grantofs as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanaal statements. Endi)vmient funds are subject to specific condilions by donors that the caprtal must be maintained by the chanty. 1.4 Incoffle Income is recognised vknen the charity is legally entitled to tl after any performance conditions have been met. the amounls can be measured reliabty, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On the charity has been notified of the donation, unless perfoTmance conditions require deferral of the amount. Income lax recoverable in relation to donation5 received under Gfft M"d or deeds of co¥enant IS Tecognised al Ihe time of the donation. Legacies are recogni5ed on receipt or olherwi5e if the charity has been notified of an impending dislribulion, the amount is known. and receipt is expected. If the amount is nol known, the legacy is treated as a contingent asset.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 Accounting pollcles (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or construcbve obligation to transfer economic benefft to a third party, it is probable that a Iransfer of economic benefits TrI be required in Settlement. and the amount of the obligation Can be measure(I reliably. Expenditure is dassrfied by actmty. The costs of each actm.ty are made up of the lolal of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attrlbu1ate to a single activty are allocated directty lo that actNity. Shared cosls which contribute lo more than one acb'vity and support costs which are not attributable to a single activity are apportioned belween those aclivits.es on a basis consistent with the use of resour6. Central staff costs are allocated on the basis of trmc spcnt. and depreciation charges are allocaled on the portion ol the asset's use. 1.6 Investment property Investmenl property, which is propety held to eam nI81$ andlor for caprtal appreaalion. is initially recognised al cost, wthich includes Ihe purchase c05t and any direclly attributable expenditure. Subsequently it is measured at fair value at the reporting en(1 date. The surplus or defiat on rev8luatson is recognised in profit or loss. 1.7 Flxed asset Investments Fixed asset inve51ment5 are inits.alty measured at transaction price exduding transath.on costs, and are subsequenlty measured at fair value al each reporting dale. Changes in fair value are recognised in net incomel(expendilure) for Ihe year. Tr8nsaclion costs are expensed a3 incurred. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits hetd at call wth banks, other short-lerm liquid investments with. and bank overdrafts. Bank overdrafts are shown wrthin borrowings in current liabililies. 1.9 Financial instruments The charity ha5 elecied lo apply the provision5 of Section 11 'Basic Financial Instruments, and Sects'on 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instTumenl5. Financial inslTuments are recognised in the chanlys balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offsel, with the net amounts presented in the finanual statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settfe the liabilty simuttaneously. Basic linanclal assets Basic finanual assets, vthich include debtots and cash and bank balan5, are initially measured at transaction pri induding transaction costs and are 5ub5equenlly carried at amortised c051 using the effective interest melhDd unless the arrangewnenl constrtutes a financing transaclion, where the transaction is measured al Ihe PTe5enl value of ihe future reip1S discounted at a markel rate of interest. Financial a55et5 dassified as receivable within one year are not amortised.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting pl¢le$ (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are inttially recognised at 1ransacts.on price unless the arrangement consl((utes a financing tTan5acb"on, where the debt instrument is measured at the presenl value of the future payments discounted al a rnaet rate of interest. Finanaal liabiif(ies dassified as payable within one year are not amorb"sed. Debt instruments are svbsequenlty carried at amorfised Cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquId in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if paymont is du8 wtthin onè year or le55. If not, they are presented as non-currenl liabilities. TTade creditOTs aTe recognised initially at transath.on price and SubsequenY measured at amotts'sed cost using the effective interest method. DerKognition oifinancial liabilities Financial liabilities are derecognised when the charity'5 contractual obligalions expl or are discharged or cancelled. Income from charitable aclivities Unrestricted funds 2024 Unrestricted funds 2023 Income from Chavltable Activities Chaiilable rental income 27,000 27.000 Investments Unrestricted Unrestricted funds funds 2024 2023 Investment incomè 78.397 58.534 Raisin9 funds Unrestricted Unrestrlcted funds funds 2024 2023 Investment management 35.057 25,189 35.057 25.189
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Expendlthre on charitable a¢tivities Charitable Actlvltles 2024 Charltable Aetlvltles 2023 Direct costs Bad debts relating to rental income 16,21XI 15.200 Granl ftjnding of actNrties (see note 6) 24,489 42.975 Share of support and govemanee eosts {see note 7) Goveman 3.232 3.185 43.921 61,360 Analysis by fund Unrestricted funds 43.921 61.360 Grants payable Unrestrieted Unre$trieted funds funds 2024 2023 Grant5 10 institutions". Complimentary therapy 24,489 42.975 Support costs allocated to activities 2024 2023 Governance costs 3.232 3,185 Analysed between: Charitsble Activities 3.232 3.185 Net rnovement in funds 2024 2023 The net movement in funds is stated after chargingl{crediting)= Fees payable for the Independent exanmnalion of the chanty's finanaal slalements 1.500 1,500
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Trnstees None of the trustees (or any persons connected wilh them) received any remuneration or benefits from the harity dunng the year. 10 Employees The average monthty number of employee5 during the year was. 2024 Number 2023 Nurnber Total There were no employees whose annval remuneration was mre than £60.000. 11 Net gainsl{lossesl on inveslments Unrestricted Unrestricted funds funds 2024 2023 Revaluation of investments Los5 on sale of investments 53,115 {1741 {71,554) 11,716) 52.941 {73.270) 12 Taxation The charity 15 exempl from taxation on its activities beSe all rts income is apie for charitsble purposes. 13 Investrnent property 2024 Fair value At 6 ApTiI 2023 and 5 April 2024 1,075,000 Investment propety comprises three freehold residential properties. The fair value of the investment propety has been valued by the Iruslees on an open market value basis by reference lo market evidence of transaction prices for similar properties.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 14 Fixed asset Investments Llsted Investments Cost Dr valuatlon At 6 April 2023 Additions Valuation changes Disposals 2.293,935 258,385 53,115 1260,3711 At 5 April 2024 2.345.064 Carrying amount At 05 April 2024 2.345.064 At 05 April 2023 2.293,935 2024 2023 Investments at fair value comprise= Listed investments 2.293,935 2,293,935 11
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 15 Debtorn 2024 2023 Amounts falllng due within one year. Other debtors 74,472 65,632 16 Creditors= amounts falling due within oneyear 2024 2023 AccTuals and deferred income 1.704 1.552 17 Unrestricted funds The unrestricted funds of the charity compnse the unexpended balances of donations and grants which are not subject lo specific condilions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted lunds by the tfustees for specific purposes. At 6 April 2023 Incoming resources Resources expended Gains and losses At 5 Aprll 2024 General funds 3.473.654 105,397 {78.978) 52.941 3.553,014 Previous year. At 6 Aprfl 2022 Incomlng resources Resources expended Gains and losses At 5 April 2023 General fvnds 3.547,939 85,534 {86,549) 173.270) 3.473,654 18 Related party transactions There were no disdosable related paty transactions during the year12023 - none). 12-