**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**<br>**31/08/2023**|**1/09/2022 to**<br>**31/08/2023**|1/09/2021 to<br>31/08/2022|1/09/2021 to<br>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<br>insurance|**727**||310||
|Teaching materials and<br>stationery|**726**||340||
|Marketing and events|**343**||0||
|Others|**459**||277||
||||||
|**Total Payments**||**31,571**||22,580|
||||||
|**Net**<br>**Receipts/(Payments)**||**2,776**||6,596|
||||||
|Bank and cash holdings<br>as of 1 September 2022|20,117||||
||||||
|**Bank and cash holdings**<br>**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**<br>**31/08/2023**<br>**£**|As at<br>31/08/2022<br>£|
|---|---|---|
||||
|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<br>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_ **<br>**_Net of receipts/(payments)_ **<br>**A5 Transfers between funds**<br>**A6 Cash funds last year end**<br>**_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 £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**to the nearest £**<br>**-**<br>**30,697**<br>**3,529**<br>**120**<br>**34,347**<br>**-**<br>**-**<br>**-**<br>**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 £**<br>**22,893**<br>**-**<br>**-**<br>**22,893**<br>OK<br>**to nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**Unrestricted funds**<br>**Unrestricted funds**|**Restricted funds**<br>**to nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>OK<br>**Restricted funds**<br>**to nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**to nearest £**<br>**Endowment**<br>**funds**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||OK|
|||**to nearest £**<br>**Endowment**<br>**funds**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|



|**Fund to which asset**<br>**belongs**<br>**Fund to which asset**<br>**belongs**<br>**Fund to which liability**<br>**relates**|**Cost (optional)**<br>**-**<br>**-**<br>**-**<br>**Cost (optional)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**Amount due (optional)**<br>**-**<br>**-**|**Current value**<br>**(optional)**|
|---|---|---|
|||**-**|
|||**-**|
|||**-**|
|||**Current value**<br>**(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. 




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