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2021-05-31-accounts

Charity Number: 1158669

Les crocodiles

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD 1[ST] JUNE 2020 TO 31[ST] MAY 2021

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

Contents

Contents ................................................................................................... 2 I. TRUSTEES REPORT .............................................................................. 3 1. OBJECTIVES AND ACTIVITIES ............................................................... 3 The objectives of the charity are: ............................................................................................... 3 Public Benefit .............................................................................................................................. 3 How has the charity tried to further these aims? ...................................................................... 3 2. ACHIEVEMENTS AND PERFORMANCE ................................................ 4 3. FINANCIAL REVIEW ............................................................................. 4 Financial results for the year ...................................................................................................... 5 Reserves policy ............................................................................................................................ 5 4. STRUCTURE, GOVERNANCE AND MANAGEMENT .............................. 5 Constitution ................................................................................................................................ 5 Trustees ....................................................................................................................................... 5 Induction and training of trustees .............................................................................................. 5 Organisation structure and decision-making process ................................................................ 5 Risks and internal control ........................................................................................................... 6 Strategic development ................................................................................................................ 6 5. REFERENCE AND ADMINISTRATIVE INFORMATION ........................... 7 II. INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF LES CROCODILES ............................................................................................. 9 III. STATEMENT OF FINANCIAL ACTIVITIES............................................. 10 IV. BALANCE SHEET ................................................................................ 11 V. NOTES TO THE FINANCIAL STATEMENTS .......................................... 12

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

The Trustees present their report and financial statements for the period 1[st] June 2020 to 31[st] May 2021.

I. TRUSTEES REPORT

1. OBJECTIVES AND ACTIVITIES

The objectives of the charity are:

To advance the education for the public benefit by teaching the French language and French culture, heritage, and history to children in East and North London and to adults through the provision of after school, weekend and holiday classes and through organising events open to the general public as the trustees shall determine.

Public Benefit

The Trustees consider that the activities undertaken, offered at no or minimal cost, provide benefit to the public and confirm that in exercising their powers and duties, they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission and have complied with their duties under Section 17 of the Charities Act 2011.

How has the charity tried to further these aims?

Les Crocodiles organisation offers to all French speakers and Francophiles, tuition in French for adults and children aged between 6 months and 14 years old. Les Crocodiles also provides access to its library, with a choice of more than 2,000 books and magazines in French.

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

2. ACHIEVEMENTS AND PERFORMANCE

In March 2020, with the outbreak of Covid 19, the charity was forced to switch to online teaching. Les Crocodiles managed to put in place the technical solutions and resources and to train all its staff promptly, so few classes were cancelled.

During the school year 2020 / 2021, most lessons of the first term were taught online. While the format was suitable for most children, the charity had difficulties retaining the younger ones (between 6 months and 2 years old). The charity started face to face tuition end of March 2021. The charity did its best to operate within the Covid 19 safety framework and was able to maintain most classes. Though, the tuckshop, a major fundraising source, was not able to operate due to drastic safety measure and parents not being allowed within the premisses.

Despite this difficult context, the charity successfully setup a new class to prepare students to DELF (a French examination organised by the French state) and presented 15 candidates to the exam at various levels (From Delf prim A1.1 to Delf Junior B2). All students passed the exam with great success.

During the School year 2020-2021, the charity welcomed 173 students.

----- Start of picture text -----
Number of students registered
211
206
186
181
173
146
80
52
36
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
----- End of picture text -----

A fuller account of Les Crocodile’s activities can be found on the website www.lescrocodiles.org.

3. FINANCIAL REVIEW

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

Financial results for the year

Overall, we made a surplus of £11,491 which together with transferred funds of £27,808 from the previous period has left us with total Funds of £39,298. In 2019/2020, Les Crocodiles had a deficit of £11,767.

Full details of the results for the year are as shown in the Accounts.

Reserves policy

In respect of unrestricted reserves, the Trustees believe that they need to hold the equivalent of 6 months’ turnover for the school year 2020 – 2021 as an exceptional measure to cover any impact of the Covid Pandemic.

Based on our estimate of a full year’s income of £70,000 this would require us to be holding some £35,000. Our unrestricted reserves were £38,920 at year end.

4. STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

Les Crocodiles was established as an Unincorporated Association on 14[th] September 2009 with its governing document being its Constitution.

As of 25[th] September 2014 , Les Crocodiles became a CIO, registered at the Charity Commission under the Charity Number: 1158669.

Trustees

During the period the Management Committee Members were:

Induction and training of trustees

All trustees are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. New Management Committee Members are supported by the existing Management Committee Members.

Organisation structure and decision-making process

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

The overall management and control of the Charity rests with the individual members of the Management Committee. At the first Committee meeting following the Annual General Meeting at which the newly elected members of the Committee are elected they shall choose from amongst their number the members who will act as Chair, Treasurer and Secretary.

Risks and internal control

The Management Committee has overall responsibility for ensuring that the charity has appropriate systems of control, both financial and operational. These systems are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

Strategic development

Short-term objectives:

On a longer term, we aim at:

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

5. REFERENCE AND ADMINISTRATIVE INFORMATION

BUSINESS ADDRESSES

Les Crocodiles Saint Monica Roman Catholic School 43 Hoxton Street London N1 6QN

BANKER

Santander Sort code 09-01-28 Account number 82965461

INDEPENDENT EXAMINER

Shabir Djakiodine Euro Accounting ltd 25 Station Road, Kings Heath Birmingham B14 7SR

Registered contact address

Makila Nsika 83a Downs Park Road London E5 8NP makila.nsika@les-crocodiles.org

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Report and Financial Statements in accordance with applicable law and Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 charity and of the incoming resources and applications of resources of the charity for that year.

In preparing these Financial Statements, the Trustees are required to:

  1. Select suitable accounting policies and then apply them consistently

  2. Observe the methods and principles in the Charities SORP

  3. Make judgements and estimates that are reasonable and prudent

  4. State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures and disclosed in the Financial Statements and

  5. Prepare the Financial Statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 23[rd] April 2022 and signed on their behalf.

Chair

Camille Blateau

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

II. INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF LES CROCODILES

PLEASE REFER TO PDF DOCUMENT

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

III. STATEMENT OF FINANCIAL ACTIVITIES

For the year 1[st] June 2020 to 31[st] May 2021

Note
Incoming resources

Incoming resources from generated funds
Voluntary income
2
Investment income
3
Incoming resources from activities
4
 Unrestricted
Restricted
Total
Funds
Funds
Funds
2021
2021
2021
£
£
£
50,145
50,145
15
15
10,795
10,795		 Unrestricted
Restricted
Total
Funds
Funds
Funds
2021
2021
2021
£
£
£
50,145
50,145
15
15
10,795
10,795		 Total
Funds
2020
£
75,227
92
Total incoming resources 50,159
10,795
60,954		 75,319

Resources expended

Costs of generating funds
Activities
5
 38,669
10,795
49,464		 87,086
Total resources expended 38,669
10,795
49,464		 87,086

Net incoming/(outgoing)
resources
Carried Forward		 11,491
11,491
27,808
27,808		 -11,767
39,575
Total Funds carried forward 39,298 39,298 27,808

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

IV. BALANCE SHEET

As at 31[st] May 2021

Fixed assets
Tangible assets
Current assets
Debtors and accrued income
Cash at bank and in hand		 Note
6
8
9		 £
£
2021
2021
379
46,379		 £
£
2020
2020
881
61
28,161
Total current assets 46,379 28,222
Liabilities
Creditors: Falling due within one
year		 10 7,460 1,295
Net current assets 38,920 26,927
Total assets less current liabilities 39,298 27,808
The funds of the association
Unrestricted Funds
Restricted Funds
Fixed Asset Reserve		 11
11
11		 38,919
379		 26,927
881
Total funds 39,298 27,808

Approved by the Trustees on 23rd April 2022 and signed on their behalf by

Secretary: Sonia Marguin

Chair: Camille Blateau

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

V. NOTES TO THE FINANCIAL STATEMENTS

1. Accounting policies

(a) Basis of preparation

These The financial statements have been prepared in accordance with 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 (FRS 102, effective 1 January 2015).

Les Crocodiles meets the definition of a public benefit entity under FRS102.

(b) Incoming resources

Donations, other forms of voluntary income and investment income are recognised as incoming resources when received. However, where the terms of a grant, gift or legacy have not been met, the income is deferred until it becomes due.

(c) Resources expended

Expenditure is recognised on a cash basis.

(d) Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised and are stated at historical cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value evenly over its expected useful life, as follows

(e) Description of funds

The Unrestricted funds may be used for any purpose which complies with the organisations' aims and objectives.

Restricted funds are subject to specific conditions imposed by the donor(s).

The Asset Reserve represents the book value of all assets and are an unrestricted reserve.

(f) Going Concern

After making enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

2 Voluntary Income

Voluntary Income
Membership
School fees
Fundraising/Mic.		 Total
Total
Unrestricted
Restricted
Funds
Funds
Funds
Funds
2021
2020
£
£
£
£
2,385
2,385
1,875
47,760
47,760
68,872
4,480
50,145
50,145
75,227

3 Investment Income

Investment Income
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Bank interest receivable 15 15 92
15 15 92
Incoming Resources from Activities
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Parapluie Flam 10,795 10,795
10,795 10,795

4 Incoming Resources from Activities

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

Resources Expended on 5 Activities

Resources Expended on
Activities
Premises rent for classes
Teachers costs
Stationery, books and magazines
Administrative costs
Advertising and PR
Insurance
Phone and IT
Depreciation
Bank charges
Legal fees
Independent Examiners fee
Food Stall purchase
Sundries		 Total
General
Restricted
Funds
Fund
Funds
2021
£
£
£
3,379
1,008
4,387
29,758
3,000
32,758
1,847
2,787
4,634
2,580
4,000
6,580
18
18
267
267
335
335
502
502
197
197
-360
-360
25
25
50
50
71
71
38,669
10,795
49,464

6 Fixed Assets

Fixtures fittings & equipment
Purchases
Depreciation		 2021
£
881
502		 2020
£
1,506
625
379 881

A cargo trike (mobile library) was purchased on 1[st] March 2017. Depreciation was charged in the year in line with accounting policy 1(d).

7 Related Party Transactions

none

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

8 Debtors and Accrued Income

Debtors
9
Cash at Bank and in Hand
Bank current account
Bank savings
Paypal account
GoCardless holding account
Cash in hand		 2021
2020
£
£
61
61
2021
2020
£
£
30,166
9,913
15,287
15,273
682
2,759
27
216
216
46,379
28,161

10 Creditors: Amounts falling due within one year

Trade creditors
Accrued expenses
Grants in advance		 2021
2020
£
£
4,418
1,020
275
3,042
7,460
1,295

11 The Funds of the Charity

Unrestricted Funds
Restricted Funds
Asset Reserve		 Balances
brought
forward
Surplus
Transfers
Closing
Balance
26,927
11,491
502
38,919
881
-502
379
27,808
11,491
39,298

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

III. STATEMENT OF FINANCIAL ACTIVITIES

For the year 1[st] June 2020 to 31[st] May 2021

Note
Incoming resources

Incoming resources from generated funds
Voluntary income
2
Investment income
3
Incoming resources from activities
4
 Unrestricted
Restricted
Total
Funds
Funds
Funds
2021
2021
2021
£
£
£
50,145
50,145
15
15
10,795
10,795		 Unrestricted
Restricted
Total
Funds
Funds
Funds
2021
2021
2021
£
£
£
50,145
50,145
15
15
10,795
10,795		 Total
Funds
2020
£
75,227
92
Total incoming resources 50,159
10,795
60,954		 75,319

Resources expended

Costs of generating funds
Activities
5
 38,669
10,795
49,464		 87,086
Total resources expended 38,669
10,795
49,464		 87,086

Net incoming/(outgoing)
resources
Carried Forward		 11,491
11,491
27,808
27,808		 -11,767
39,575
Total Funds carried forward 39,298 39,298 27,808

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

IV. BALANCE SHEET

As at 31[st] May 2021

Fixed assets
Tangible assets
Current assets
Debtors and accrued income
Cash at bank and in hand		 Note
6
8
9		 £
£
2021
2021
379
46,379		 £
£
2020
2020
881
61
28,161
Total current assets 46,379 28,222
Liabilities
Creditors: Falling due within one
year		 10 7,460 1,295
Net current assets 38,920 26,927
Total assets less current liabilities 39,298 27,808
The funds of the association
Unrestricted Funds
Restricted Funds
Fixed Asset Reserve		 11
11
11		 38,919
379		 26,927
881

Total funds		 39,298 27,808

Approved by the Trustees on 23rd April 2022 and signed on their behalf by

Secretary: Sonia Marguin

Chair: Camille Blateau

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

V. NOTES TO THE FINANCIAL STATEMENTS

1. Accounting policies

(a) Basis of preparation

These The financial statements have been prepared in accordance with 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 (FRS 102, effective 1 January 2015).

Les Crocodiles meets the definition of a public benefit entity under FRS102.

(b) Incoming resources

Donations, other forms of voluntary income and investment income are recognised as incoming resources when received. However, where the terms of a grant, gift or legacy have not been met, the income is deferred until it becomes due.

(c) Resources expended

Expenditure is recognised on a cash basis.

(d) Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised and are stated at historical cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value evenly over its expected useful life, as follows

(e) Description of funds

The Unrestricted funds may be used for any purpose which complies with the organisations' aims and objectives.

Restricted funds are subject to specific conditions imposed by the donor(s).

The Asset Reserve represents the book value of all assets and are an unrestricted reserve.

(f) Going Concern

After making enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

2 Voluntary Income

Voluntary Income
Membership
School fees
Fundraising/Mic.		 Total
Total
Unrestricted
Restricted
Funds
Funds
Funds
Funds
2021
2020
£
£
£
£
2,385
2,385
1,875
47,760
47,760
68,872
4,480
50,145
50,145
75,227

3 Investment Income

Investment Income
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Bank interest receivable 15 15 92
15 15 92
Incoming Resources from Activities
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Parapluie Flam 10,795 10,795
10,795 10,795

4 Incoming Resources from Activities

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

Resources Expended on 5 Activities

Resources Expended on
Activities
Premises rent for classes
Teachers costs
Stationery, books and magazines
Administrative costs
Advertising and PR
Insurance
Phone and IT
Depreciation
Bank charges
Legal fees
Independent Examiners fee
Food Stall purchase
Sundries		 Total
General
Restricted
Funds
Fund
Funds
2021
£
£
£
3,379
1,008
4,387
29,758
3,000
32,758

1,847
2,787
4,634
2,580
4,000
6,580
18
18
267
267
335
335
502
502
197
197
-360
-360
25
25
50
50
71
71
38,669
10,795
49,464

6 Fixed Assets

Fixtures fittings & equipment
Purchases
Depreciation		 2021
£
881
502		 2020
£
1,506
625
379 881

A cargo trike (mobile library) was purchased on 1[st] March 2017. Depreciation was charged in the year in line with accounting policy 1(d).

7 Related Party Transactions

none

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Charity Number: 1158669

8 Debtors and Accrued Income

Debtors and Accrued Income
Debtors 2021
2020
£
£
61
61

9 Cash at Bank and in Hand

Cash at Bank and in Hand
Bank current account
Bank savings
Paypal account
GoCardless holding account
Cash in hand		 2021
2020
£
£
30,166
9,913
15,287
15,273
682
2,759
27
216
216
46,379
28,161

10 Creditors: Amounts falling due within one year

Trade creditors
Accrued expenses
Grants in advance		 2021
2020
£
£
4,418
1,020
275
3,042
7,460
1,295

11 The Funds of the Charity

Unrestricted Funds
Restricted Funds
Asset Reserve		 Balances
brought
forward
Surplus
Transfers
Closing
Balance
26,927
11,491
502
38,919
881
-502
379
27,808
11,491
39,298

Report and financial statements for the period 1[st] June 2020 to 31st May 2021

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name Les Crocodiles members of On accounts for the year 31/05/2021 Charity no 1158669 ended (if any)

Set out on pages

(remember to include the page numbers of additional sheets)

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts.

Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement 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 or disclosures in the accounts, and seeking explanations from the 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 statement below.

Independent In connection with my examination, no matter has come to my attention examiner's statement (other than that disclosed below *)

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

  6. Please delete the words in the brackets if they do not apply.

Date: 25/04/2022

Signed: Name: Shabir Djakiodine

Relevant professional Chartered Accountant (ICPA)

1

IER

qualification(s) or body (if any):

Address: 25 Station road Kings Heath Birmingham B14 7SR Section B Disclosure

Only complete if the examiner needs to highlight material problems.

2

IER

Give here brief details of any items that the examiner wishes to disclose .

3

IER