Charity Registration Number: 1165669
POINT-VIRGULE
Trustees' Annual Report and Financial Statements for the Period ended 31 August 2024
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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 |
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POINT-VIRGULE
Charity Registration Number: 1165669
Report of the Trustees for the Period Ended 31 August 2024
The Trustees present their report and the financial statements for the period ended 31 August 2024. The Trustees who served during the period and up to the date of this report are set out below.
Reference & Administrative Information
Registered address
Better Space 127 Farringdon Road London EC1R 3DA
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 (resigned 14/07/2024)
Mrs Marie WATSON-SANTARELLI (resigned 14/07/2024)
Mr Vamory TRAORE
Mrs Anne Horlait
Mr Hubert Jeaneau
Mr Nicolas Marco
Ms Laetitia Houget (appointed 14/09/2024)
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POINT-VIRGULE
Charity Registration Number: 1165669 Report of the Trustees for the Period Ended 31 August 2024
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.
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Charity Registration Number: 1165669 Report of the Trustees for the Period Ended 31 August 2024
POINT-VIRGULE
Achievements and performance
WHAT HAS POINT-VIRGULE ACHIEVED DURING THE PERIOD?
Point-Virgule has continued to deliver lessons for children from 4 to 14 years old, welcoming new families to the community and enabling some of its pupils to transfer to the French state education system as well as some Lycées Français overseas.
The teaching plan on which the lessons are based has been reviewed and updated by a member of the French National Education to ensure the continuity of the quality of the teaching.
Point-Virgule has also successfully prepared its pupils wishing to take the French GCSE exams ahead of time and help them achieve the maximum grade.
Point-Virgule has started offering more events to the parents of its pupils, therefore strengthening the ties to the school and the sense of community. This is particularly beneficial to parents of new pupils who can feel isolated and do not benefit from a family support system in the UK.
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 £3,827 which, together with the cash holdings of £22,893 from the end of the previous period, leaves cash funds at the end of the period standing at £26,720 .
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.
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POINT-VIRGULE
Charity Registration Number: 1165669 Report of the Trustees for the Period Ended 31 August 2024
Plans for Future Periods
The Trustees of Point-Virgule plan to continue opening at least one class each academic year, in line with local demand to welcome new pupils to the school.
Point-Virgule is also looking to relocate its premises to a new school to improve the organisation of the lessons.
Approved by the Trustees on 15/06/2025 and signed on their behalf by
Mr Vamory Traoré, Chair
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POINT-VIRGULE
Charity Registration Number: 1165669
Receipts and Payments Account for the period 1 September 2023 to 31 August 2024 and comparatives for the previous period
| 1/09/2023 to 31/08/2024 |
1/09/2023 to 31/08/2024 |
1/09/2022 to 31/08/2023 |
1/09/2022 to 31/08/2023 |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Receipts | ||||
| School Fees | 36,794 | 30,697 | ||
| Grants | 0 | 3,529 | ||
| Fundraising | 396 | 120 | ||
| Total Receipts | 37,190 | 34,347 | ||
| Payments | ||||
| Teachers’fees | 21,268 | 22,448 | ||
| Premises rental | 6,630 | 6,868 | ||
| Admin fees | 1,860 | |||
| External fees and insurance |
720 | 727 | ||
| Teaching materials and stationery |
1,577 | 726 | ||
| Marketing and events | 1,079 | 343 | ||
| Others | 229 | 459 | ||
| Total Payments | 33,363 | 31,571 | ||
| Net Receipts/(Payments) |
3,827 | 2,776 | ||
| Bank and cash holdings as of 1 September 2023 |
22,893 | |||
| Bank and cash holdings as of 31 August 2024 |
26,720 |
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POINT-VIRGULE
Charity Registration Number: 1165669
Statement of Assets and Liabilities as of 31 August 2024
| As at 31/08/2024 £ |
As at 31/08/2023 £ |
|
|---|---|---|
| Bank Account | ||
| NatWest Bank | 26,720 | 22,893 |
| Total Current Assets | ||
| Represented by | ||
| Unrestricted Reserves | 26,720 | 22,893 |
| Total | 26,720 | 22,893 |
| Other Assets | ||
| There are no other assets to be noted at the Period end. |
||
| Liabilities | 0 | 0 |
| Current Liabilities | 0 | 0 |
All funds are unrestricted.
Approved by the Trustees on 15/06/2025 and signed on their behalf by
Mr Vamory Traoré
Chair
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POINT-VIRGULE
Charity Registration Number: 1165669
Notes to the accounts for the Period ended 31 August 2024
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
During the period, fees of £1,860 were paid to Marie Watson-Santarelli for administrative services.
3. Related Party Transactions
During the period, fees of £1,545.50 were paid to Stella Watson-Santarelli who is the child of one of the trustees for her work as a teacher assistant and fees of £675 to Arthur Parthenay who is the child of one of the trustees also for his work as a teacher assistant.
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No 1165669
Point-Virgule
Receipts and payments accounts
CC16a
For the period 01/09/2023 31/08/2024 To from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ - 36,794 - 396 37,190 - - - 37,190 21,268 6,630 1,860 1,577 720 1,079 229 - 33,363 - - - 33,363 3,827 22,893 26,720 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ - 36,794 - 396 37,190 - - - 37,190 21,268 6,630 1,860 1,577 720 1,079 229 - 33,363 - - - 33,363 3,827 22,893 26,720 |
Last year to the nearest £ |
|---|---|---|---|---|---|
| - | - | ||||
| School fees | 36,794 | 30,697 | |||
| Grants | - | 3,529 | |||
| Fundraising | 396 | 120 | |||
| Sub total(Gross income for AR) |
37,190 |
34,347 | |||
| A2 Asset and investment sales, (see table). |
|||||
| - | - | ||||
| - | - | ||||
| Sub total | - | - | |||
| Total receipts A3 Payments |
|||||
| 34,347 | |||||
| Teachers fees | 21,268 | 22,448 | |||
| Premises rental | 6,630 | 6,868 | |||
| Admin fees | 1,860 | - | |||
| Teaching materials and stationary | 1,577 | 726 | |||
| External fees and insurance | 720 | 727 | |||
| Events | 1,079 | 343 | |||
| IT | 229 | 316 | |||
| Training and safeguarding | - | 143 | |||
| **Sub total ** | 33,363 | 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 | |||||
| 3,827 | - | - | 3,827 | 2,776 | |
| 22,893 | - | - | 22,893 | ||
| 26,720 | - | - | 26,720 |
| Section B Statement of assets and liabilities at the end of | Section B Statement of assets and liabilities at the end of | 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 Details Details Details Debtors Total cash funds (agree balances with receipts and payments account(s)) Details Details Cash in bank |
Unrestricted funds Restricted funds to nearest £ to nearest £ 26,720 - - - - - 26,720 - 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) - - - - - Print Name VamoryTraoré |
Endowment funds to nearest £ |
|
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| OK | ||||
| Endowment funds to nearest £ |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| When due (optional) |
||||
| Date of approval |
||||
| VamoryTraoré | 15/06/2025 | |||
Point-Virgule
| 31 August 2024 | 31 August 2024 | ||
|---|---|---|---|
| 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 2024.
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
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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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19 June 2025
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