**Charity Registration Number: 1165669**
## **POINT-VIRGULE**
**Trustees' Annual Report and Financial Statements for the Period ended 31 August 2022**
1
## **POINT-VIRGULE**
## **Charity Registration Number: 1165669**
|**Contents**|**Page**|
|---|---|
|Trustees’ Report|**3 – 6**|
|Receipts and Payments Account|**7**|
|Statement of Assets and Liabilities|**8**|
|Notes to the Accounts|**9**|
2
## **POINT-VIRGULE**
**Charity Registration Number: 1165669**
## **Report of the Trustees for the Period Ended 31 August 2022**
The Trustees present their report and the financial statements for the period ended 31 August 2021. The Trustees who served during the period and up to the date of this report are set out below.
## **Reference & Administrative Information**
**Registered address**
Laycock Primary School Laycock Street London N1 1SW
**Business address**
Laycock Primary School Laycock Street London N1 1SW
**Bankers** NatWest Bank 11 Upper Street London N1 0PQ
## **Structure, governance and management**
## CONSTITUTION
Point-Virgule was registered as a Charitable Incorporated Organisation (CIO) on 22 February 2016 with its governing document being its Constitution. As a Foundation CIO the Trustees are its only voting members and have the power to appoint new Trustees.
## TRUSTEES
During the period and up to this report’s date the Trustees were:
Mrs Marie-Mathilde SUBERBERE
Mrs Marie WATSON-SANTARELLI
Mr Vamory TRAORE
Mrs Anne Horlait (appointed 17 Jan 2023)
Mr Hubert Jeaneau (appointed 17 Jan 2023)
Mr Nicolas Marco (appointed 7 Feb 2023)
3
## **POINT-VIRGULE**
## **Charity Registration Number: 1165669 Report of the Trustees for the Period Ended 31 August 2022**
## APPOINTMENT METHOD, INDUCTION AND TRAINING OF TRUSTEES
Individuals who express interest in becoming a trustee are interviewed by the Chair and then invited to meet the other trustees at the start of a trustee meeting. This is an opportunity for the potential trustee to discuss their relevant experience, skills and knowledge. In addition, they can discuss the role with existing trustees. As part of their induction new Trustees are provided with a copy of the constitution, the latest accounts and all relevant policies. All Trustees are kept up to date with any external regulatory changes and are provided with training and support where necessary.
## ORGANISATION STRUCTURE OF POINT-VIRGULE AND DECISION-MAKING PROCESS
The trustees meet every term during the school year.
## RISKS AND INTERNAL CONTROL
The Trustees have overall responsibility for ensuring that Point-Virgule 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.
## **Objectives and activities**
The objects of Point-Virgule are:
For the public benefit the advancement of education by teaching the French language and French culture, heritage and history to residents in Islington and the surrounding areas through the provision of Saturday classes and through organising associated events such as the Trustees shall determine.
## HOW HAS POINT-VIRGULE TRIED TO FURTHER THESE AIMS?
During the period Point-Virgule has continued growing to offer classes to more children in the community.
The Trustees consider that the activities undertaken, offered at minimal cost, provide benefit to the community 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.
4
**Charity Registration Number: 1165669 Report of the Trustees for the Period Ended 31 August 2022**
## **POINT-VIRGULE**
## **Achievements and performance**
## WHAT HAS POINT-VIRGULE ACHIEVED DURING THE PERIOD?
Point-Virgule has consolidated the return to face to face teaching in its classrooms at Laycock primary school.
Point-Virgule reinforced its teaching team by hiring some new assistants, enabling the school to open a new class to enroll younger children and welcome more families to the community.
A fuller account of Point-Virgule’s activities can be found on the Point-Virgule website: - http://point virgule.org.uk/fr/accueil/
## **Financial review**
## FINANCIAL RESULTS FOR THE PERIOD
During this financial period, Point-Virgule generated a surplus of **£6,596** which, together with the cash holdings of £13,521 from the end of the previous period, leaves cash funds at the end of the period standing at **£20,117** .
Full details of the results for the period are as shown in the Accounts.
## RESERVES POLICY
The aim of the Trustees is to ensure that Point-Virgule holds adequate reserves to allow it to continue its charitable objectives to cover working capital and to support any period of running costs should income reduce unexpectedly. Our reserves exceed one term’s worth of expenses and are therefore sufficient at this time.
5
## **POINT-VIRGULE**
## **Charity Registration Number: 1165669 Report of the Trustees for the Period Ended 31 August 2022**
## **Plans for Future Periods**
The Trustees of Point-Virgule plan to continue growing the size of the school progressively by opening at least one class each academic year, in line with local demand.
Point-Virgule also intends to support the pupils who so wish in the undertaking of their French GCSEs.
Point-Virgule also plans to broaden the cultural offering of the school by organising theatrical workshops based on the works of a French fabulist for all classes.
Approved by the Trustees on 29/06/2023 and signed on their behalf by
Mrs Marie WATSON-SANTARELLI, Chair
6
## **POINT-VIRGULE**
## **Charity Registration Number: 1165669**
## **Receipts and Payments Account for the period 1 September 2021 to 31 August 2022 and comparatives for the previous period**
**----- Start of picture text -----**
1/09/2021 to 1/09/2020 to
31/08/2022 31/08/2021
£ £ £ £
Receipts
School Fees 29,104 13,507
Grants 0 0
Fundraising 71 0
Total Receipts 29,175 13,507
Payments
Teachers’ fees 15,777 10,393
Premises rental 5,875 2,030
Marketing and 0
0
advertising
Teaching materials and 220
340
stationery
IT 0 314
External fees and 370
310
insurance
Others 277 0
Total Payments 22,580 13,327
Net 180
6,596
Receipts/(Payments)
Bank and cash holdings
13,521
as of 1 September 2021
Bank and cash holdings
20,117
as of 31 August 2022
**----- End of picture text -----**
7
## **POINT-VIRGULE**
## **Charity Registration Number: 1165669**
## **Statement of Assets and Liabilities as of 31 August 2022**
**----- Start of picture text -----**
As at As at
31/08/2022 31/08/2021
£ £
Bank Account
NatWest Bank 20,117 13,521
Total Current Assets
Represented by
General Account 20,117 13,521
Total 20,117 13,521
Other Assets
There are no other assets to be noted at
the Period end.
Liabilities 214
Current Liabilities 0 0
**----- End of picture text -----**
## **All funds are unrestricted.**
Approved by the Trustees on 29/06/2023 and signed on their behalf by
Mrs Marie WATSON-SANTARELLI
Mrs Marie-Mathilde SUBERBERE
Chair
Trustee
8
## **POINT-VIRGULE**
## **Charity Registration Number: 1165669**
## **Notes to the accounts for the Period ended 31 August 2022**
## **1. Accounting policies**
The accounts are completed on a Receipts and Payments basis in accordance with the Charities Act 2011 that summarises the movement of cash into and out of the organisation during the financial period.
## **2. Trustees Remuneration**
No remuneration nor expenses were paid to the Trustees during the period
## **3. Related Party Transactions**
During the period teacher’s fees of £225 were paid to Stella Watson-Santarelli who is the child of one of the trustees.
9
**----- Start of picture text -----**
Point-Virgule No 1165669
Receipts and payments accounts CC16a
For the period 01/09/2021 31/08/2022
To
from
**----- End of picture text -----**
**----- Start of picture text -----**
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
- - - - -
School fees 29,104 - - 29,104 13,507
Grants - - - - -
Fundraising 71 - - 71 -
- -
- -
- -
- -
Sub total(Gross income for
AR) [ 29,175 ] - - 29,175 13,507
A2 Asset and investment sales,
(see table).
- - - - -
- - - - -
Sub total - - - - -
Total receipts 29,175 - - 29,175 13,507
A3 Payments
- -
Teachers fees 15,777 - - 15,777 10,393
Premises rental 5,875 - - 5,875 2,030
Marketing and advertising - - - - -
Teaching materials and stationary 340 - - 340 220
IT - - - 314
External fees and insurance 310 - - 310 370
Others 277 - - 277 -
- -
Sub total 22,580 - - 22,580 13,327
A4 Asset and investment
purchases, (see table)
- - - - -
- - - - -
Sub total - - - - [ - ]
Total payments 22,580 - - 22,580 13,327
Net of receipts/(payments) 6,596 - - 6,596 180
A5 Transfers between funds
A6 Cash funds last year end 13,521 13,521
Cash funds this year end 20,117 - - 20,117
**----- End of picture text -----**
|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**||
|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
**B3 Investment assets**
**B2 Other monetary assets**
**B1 Cash funds**|Signature
external services
**Details**
**Details**
**Details**
**Details**
Debtors
Cash in bank
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**20,117**
**-**
**-**
**-**
**-**
**-**
**20,117**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**214**
**-**
**-**
**-**
Print Name
Marie Watson-Santarelli
Marie-Mathilde Suberbere|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
29/06/2023
29/06/2023|
CHARITY COMMISSION
FOR ENGLAND AND WALES
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