Charity Registration Number: 1165669
POINT-VIRGULE
Trustees' Annual Report and Financial Statements for the Period ended 31 August 2023
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 2023
The Trustees present their report and the financial statements for the period ended 31 August 2023. 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 2023
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 2023
POINT-VIRGULE
Achievements and performance
WHAT HAS POINT-VIRGULE ACHIEVED DURING THE PERIOD?
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.
For the first year, Point-Virgule also supported its older pupils to take their French GCSEs ahead of the Y11 exams and helped them all achieve the top mark.
Thanks to a French government grant, Point-Virgule organised for an actress to come and run some workshops with the children around the works of a French fabulist, Jean de La Fontaine. The children were filmed acting these traditional moral tales and the videos were sent to their parents to share with their families. This was in line with Point-Virgule’s intention to develop its cultural offering to the children to complement the academic teaching.
A fuller account of Point-Virgule’s activities can be found on the Point-Virgule website: https://point-virgule.org.uk/en/home/
Financial review
FINANCIAL RESULTS FOR THE PERIOD
During this financial period, Point-Virgule generated a surplus of £2,776 which, together with the cash holdings of £20,117 from the end of the previous period, leaves cash funds at the end of the period standing at £22,893 .
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 2023
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 plans to offer termly coffee mornings to the parents and develop the social aspect of the school to bring more families together.
Point-Virgule will also facilitate the transition to a French state school for the children exiting the English school system.
Approved by the Trustees on 15/06/2024 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 2022 to 31 August 2023 and comparatives for the previous period
| 1/09/2022 to 31/08/2023 |
1/09/2022 to 31/08/2023 |
1/09/2021 to 31/08/2022 |
1/09/2021 to 31/08/2022 |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Receipts | ||||
| School Fees | 30,697 | 29,104 | ||
| Grants | 3,529 | 0 | ||
| Fundraising | 120 | 71 | ||
| Total Receipts | 34,347 | 29,175 | ||
| Payments | ||||
| Teachers’fees | 22,448 | 15,777 | ||
| Premises rental | 6,868 | 5,875 | ||
| External fees and insurance |
727 | 310 | ||
| Teaching materials and stationery |
726 | 340 | ||
| Marketing and events | 343 | 0 | ||
| Others | 459 | 277 | ||
| Total Payments | 31,571 | 22,580 | ||
| Net Receipts/(Payments) |
2,776 | 6,596 | ||
| Bank and cash holdings as of 1 September 2022 |
20,117 | |||
| Bank and cash holdings as of 31 August 2023 |
22,893 |
7
POINT-VIRGULE
Charity Registration Number: 1165669
Statement of Assets and Liabilities as of 31 August 2023
| As at 31/08/2023 £ |
As at 31/08/2022 £ |
|
|---|---|---|
| Bank Account | ||
| NatWest Bank | 22,893 | 20,117 |
| Total Current Assets | ||
| Represented by | ||
| General Account | 22,893 | 20,117 |
| Total | 22,893 | 20,117 |
| Other Assets | ||
| There are no other assets to be noted at the Period end. |
||
| Liabilities | 0 | 214 |
| CurrentLiabilities | 0 |
All funds are unrestricted.
Approved by the Trustees on 15/06/2024 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 2023
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, fees of £697.50 were paid to Stella Watson-Santarelli who is the child of one of the trustees for her work as a teacher assistant.
9
Point-Virgule
Receipts and pay
For the period from
9/1/2022
Section A Receipts and payments
Unrestricted funds Restricted funds
to the nearest £
to the nearest £
A1 Receipts
| A1 Receipts | |||
|---|---|---|---|
| - | - | ||
| School fees | 30,697 | - | |
| Grants | 3,529 | - | |
| Fundraising | 120 | - | |
| - | |||
| - | |||
| - | |||
| - | |||
| Sub total(Gross income for AR) | 34,347 | - |
| A2 Asset and investment sales, (see | |||||||
|---|---|---|---|---|---|---|---|
| table). | |||||||
| - | - | ||||||
| - | - | ||||||
| Sub total | - | - | |||||
| **Total receipts ** | 34,347 | - |
A3 Payments
| A3 Payments | |||||||
|---|---|---|---|---|---|---|---|
| - | |||||||
| Teachers fees | 22,448 | - | |||||
| Premises rental | 6,868 | - | |||||
| Teaching materials and stationary | 726 | - | |||||
| External fees and insurance | 727 | - | |||||
| Events | 343 | - | |||||
| IT | 316 | - | |||||
| Training and safeguarding | 143 | - | |||||
| - | |||||||
| Sub total | 31,571 | - | |||||
| A4 Asset and investment purchases, | |||||||
| (see table) | |||||||
| - | - | ||||||
| - | - | ||||||
| **Sub total ** | - | - |
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
31,571 |
|---|---|
| 2,776 | |
| 20,117 | |
| 22,893 |
Section B Statement of assets and liabilities at the end of
Categories
Details
B1 Cash funds
Cash in bank
Total cash funds
(agree balances with receipts and payments account(s))
Details
B2 Other monetary assets
Debtors
Details
B3 Investment assets
Details
B4 Assets retained for the charity’s own use
Details
B5 Liabilities
external services
Signed by one or two trustees on behalf of all the trustees
Signature
No 1165669
ments accounts
8/31/2023
To
CC16a
Endowment funds Total funds Last year
| to the nearest £ - - - - - - - - - - - - - |
to the nearest £ - 30,697 3,529 120 34,347 - - - 34,347 |
to the nearest £ |
|---|---|---|
| - | ||
| 29,104 | ||
| - | ||
| 71 | ||
| 29,175 | ||
| - | ||
| - | ||
| - | ||
| - | 34,347 | 29,175 |
| - | ||||
|---|---|---|---|---|
| - | 22,448 | 15,777 | ||
| - | 6,868 | 5,875 | ||
| - | 726 | 340 | ||
| - | 727 | 310 | ||
| - | 343 | - | ||
| - | 316 | 277 | ||
| - | 143 | |||
| - | ||||
| - | 31,571 | 22,580 |
| - | - | - | ||
|---|---|---|---|---|
| - | - | - | ||
| - | - | - |
| - | 31,571 | 22,580 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| - | 2,776 | 6,596 | ||||||||
| 20,117 | 20,117 | |||||||||
| - | 22,893 | 20,117 |
the period
| the period | ||
|---|---|---|
| to nearest £ 22,893 - - 22,893 OK to nearest £ - - - - - - Unrestricted funds Unrestricted funds |
Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - |
to nearest £ Endowment funds |
| - | ||
| - | ||
| - | ||
| - | ||
| OK | ||
| to nearest £ Endowment funds |
||
| - | - | - |
| - | - | - |
| - | - | - |
| - | - | - |
| - | - | - |
| - | - | - |
| Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
Cost (optional) - - - Cost (optional) - - - - - Amount due (optional) - - |
Current value (optional) |
|---|---|---|
| - | ||
| - | ||
| - | ||
| Current value (optional) |
||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| When due (optional) | ||
| - | ||
| - |
-
Print Name Date of approval
Point-Virgule
| 31 August 2023 | 31 August 2023 | ||
|---|---|---|---|
| Charity no.: | 1165669 | Company no.: |
I report to the charity trustees on my examination of the accounts of the above charity for the year ended 31 August 2023.
As the charity’s trustees of the Charity, you are responsible for the preparation of
the accounts in accordance with the requirements of the Charity Act 2011 (“the 2011 Act”).
I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that:
-
Accounting records were not kept in accordance with section 130 of the Act or
-
The accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
----- Start of picture text -----
26 May 2024
----- End of picture text -----