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2022-07-31-accounts

Trustees				Mr YLPNaud
				Mrs M Bray'-Engeikes
				Mrs D Gallois-Cochet
				Mr S Damart
Charity	number			1168303
Company		number		09784093
Registered		office		University Paris		Dauphine —PSL
				London Campus
				46-52 Pentonville			Road
				London
				N1 9HF
Website				https://london.	dauphine.			fr/
Senior management			team
Dr Alice	Mesnard			ChairofAcademic			Board
Mrs Chcile		Sansalone		Managing Director
Auditor				Alliotts LLP
				Imperial House
				8 Kean Street
				London
				WC2H 5JB
Bankers				HSBC
				39Tottenham	Court Road
				London
				W1T2AR
Solicitors				EBL Miller Resnfalck
				17-18Aylebury		St
				C le rke nwell
				London
				EC1R ODB

		Page
Trustees' Report		1-9
Independent auditor's	report	10 - 13
Statement offinancial	activities	14
Balance sheet		15
Statement ofcash flows		16
Notes to the financial	statements	17-29

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2022	2022	2022	2021	2021	2021
			Notes
Income from:
Donations and		legacies		8,950		8,950	40,738		40,738
Charitable activities				1,985,444		1,985,444	2,284,206		2,284,206
Other trading	activities			9,582		9,582	7,315		7,315
Investments				50		50	1,003		1,003
Tota I income				2,004,026		2,004,026	2,333,262		2,333,262
Charitable activities			7	1,970,836		1,970,836	2,227,895		2,227,895
Net income for the year/
Net movement		in funds		33,190		33,190	105,367		105;367
Fund balances		at 1 August
2021				692,683	21,623	714,306	587,316	21,623	608,939
Fund balances		at 31July
2022				725,873	21,623	747,496	692,683	21,623	714,306

					2022		2021
				Notes
Fixed assets
Tangible assets				12		156,541		186,361
Current assets
Debtors				13	1,800,556		1,675,184
Cash at bank and	in	hand			1,184,883		1,363,777
					2,985,439		3,038,961
Creditors: amounts		falling	due within
one year				14	(2,394,484)		(2,511,016)
Net current assets						590,955		527,945
Total assets less	current		liabilities			747,496		714,306
Income funds
Restricted funds				16		21,623		21,623
Unrestricted funds						725,873		692,683
						747,496		714,306

ye nnlca	na ed (Dec 16,262219296 Mal	ceci(eSancalnne (Dec 16,2622 116MGM1(
Mr	YLP Naud	Mrs C Sansalone
Trustee		Principal

					2022		2021
				Notes
Cash flows from operating			activities
Cash (absorbed		by)/generated	from	21
operations						(176,779)		258,108
Investing	activities
Purchase	oftangible fixed assets				(4,660)		(9,068)
Proceeds	from	disposal oftangible fixed
assets					2,495
Investment	income received				50		1,003
Net cash	used	in investing	activities			(2,115)		(8,065)
Net cash	used	in financing	activities
Net (decrease)/increase in			cash and cash
equivalents						(178,894)		250,043
Cash and	cash	equivalents at beginning		ofyear		1,363,777		1,113,734
Cash and	cash	equivalents	at end of	year		1,184,883		1,363,777

		Unrestricted	unrestricted
		funds	funds
		2022	2021
			P
Donations	and gifts	8,950	22,093
Grants			18,645
		8,950	40,738

					Unrestricted	Unrestricted
					funds	funds
					2022	2021
Educational	fees					17,847
Executive education fees					71,200	50,000
Tuition fees					1,914,244	2,216,359
					1,985,444	2,284,206
					2022	2021
Tuition fees	(excluding	summer		school)	1,777,112	2,150,895
Less scholarships and		bursaries			(299,225)	(289,886)
					1,477,887	1,861,009
Total grant	and fee income
					Unrestricted	Unrestricted
					funds	funds
					2022	2021
Grant income from the		OfS
Grant income from other bodies
Total grants
Fee income	for taught	awards	(exclusive of VAT)
Fee income	for research awards			(exclusive ofVAT)
Fee income	from non-qualifying			courses (exclusive ofVAT)	1,985,444	2,284,206
Total tuition	fees and education			contracts	1,985,444	2,284,206
					1,985,444	2,284,206

				Unrestricted	Unrestricted
				funds	funds
				2022	2021
	Letting income			7,984	8,055
	Sundry income			1,598	(740)
	Other trading	activities		9,582	7,315
6	Investments
				Unrestricted	Unrestricted
				funds	funds
				2022	2021
	Bank Interest			50	1,003
7	Analysis of	expenditure	by activities
				Activities	Activities
				undertaken	undertaken
				directly	directly
				2022	2021
	Staff costs			798,566	808,735
	Direct costs			998,575	1,223,102
				1,797, 141	2,031,837
	Support costs			158,482	187,818
	Governance	costs		15,213	8,240
				1,970,836	2,227,895

8	Support costs
		Support	Governance	2022	Support	Governance	2021
		costs	costs		costs	costs
	Depreciation	31,985		31,985	33,241		33,241
	Exchange gains	(1,604)		(1,604)	(4,431)	.	(4,431)
	Board expenses		1,713	1,713		80	80
	Audit and accountancy	1,109	13,500	14,609	10,802	8,160	18,962
	Entertainment	7,769		7,769	1,607		1,607
	Office and postage	27,252		27,252	30,052		30,052
	Advertising and
	marketing	16,924		16,924	14,580		14,580
	Subscriptions	3,463		3,463	1,794		1,794
	Charges and interest	1,468		1,468	615		615
	Lega I costs	7,286		7,286	6,446		6,446
	Miscellaneous
	expenditure	1,120		1,120	6,798		6,798
	Student employability	2,356		2,356	2,759		2,759
	Sanitary expenditure	51		51	4,589		4,589
	Incubator expenditure	24,000		24,000	18,900		18,900
	Consultancy	35,413		35,413	50,583		50,583
	Technology costs	(110)		(110)	9,483		9,483
		158,482	15,213	173,695	187,818	8,240	196,058
	Analysed between
	Charitable activities	158,482	15,213	173,695	187,818	8,240	196,058
9	Auditor's remuneration

The average	monthly number of employees during t	he year was:
		Hcadcount
		2022	2021
		Number	Number
		34	39
		Full time equivalent
		2022	2021
		Number	Number
		16	17
Employment	costs	2022	2021
		f.
Wages and salaries		713,509	723,110
Social security costs		59,432	57,962
Other pension costs		25,625	27,663
		798,566	808,735

Key management	personnel
2022	2021
Number	Number
Other staff
2022	2021
Number	Number

		2022	2021
Salaries		80,000	76,000
Benefits	in kind
		80,000	76,000
Pension	contributions	3,575	3,575
Total remuneration		83,575	79,575

							2022	2021
Principal's	basic	salary as a	multiple	of median		of all staff	1,97	N/A
Principal's	total	remuneration	as a multiple		of	median of all staff	2.53	N/A

12	Tangible fixed assets
				Leasehold	Office	Computer	Other fixed	Total
			improvements		equipment	equipment	assets
					f.
	Cost
	At 1 August 2021			240,197	22,350	10,649	2,717	275,913
	Additions				796	1,164	2,700	4,660
	Impairment			(2,495)				(2,495)
	At 31 July 2022			237,702	23,146	11,813	5,417	278,078
	Depreciation and impairment
	At 1 August 2021			65,931	16,792	6,754	75	89,552
	Depreciation charged	in the year		23,770	4,516	1,968	1,731	31,985
	At 31 July 2022			89,701	21,308	8,722	1,806	121,537
	Carrying amount
	At 31 July 2022			148,001	1,838	3,091	3,611	156,541
	At 31 July 2021			174,266	5,558	3,895	2,642	186,361
13	Debtors
							2022	2021
	Amounts falling due	within one year:
	Trade debtors						1,166,528	987,823
	Amounts owed by fellow group undertakings						71,994	2,989
	Other debtors						436	147,986
	Prepayments and accrued income						118,950	93,738
							1,357,908	1,232,536
							2022	2021
	Amounts falling due	after more than	one	year:
	Other debtors						442,648	442,648
	Total debtors						1,800,556	1,675,184

14	Creditor	s: amoun	ts	fa	lling	due within on	e year
										2022	2021
									Notes
	Other taxation and			social security						11,331	12,991
	Deferred	income							15	1,731,440	1,528,200
	Trade creditors									60,675	109,377
	Amounts	owed to	fellow group undertakings							18,343	221,501
	Other creditors									4,203	9,107
	Accruals	and deferred			income					568,492	629,840
										2,394,484	2,511,016
15	Deferred	income
										2022	2021
	Other deferred income									1,731,440	1,528,200
	Deferred	income	is	included		in the financial	statements	as follows:
										2022	2021
	Deferred	income	is	included		within:
	Current	liabilities								1,731,440	1,528,200
	Movements in the		year:
	Deferred	income	at	1 August		2021				1,528,200	2,070,139
	Released from previous				periods					{1,528,200)	(2,070,139)
	Resources deferred			in	the year					1,731,440	1,528,200
	Deferred	income	at	31	July 2022					1,731,440	1,528,200

					Movement		Movement
					in funds		in funds
					Incoming	Balance at	Incoming	Balance at
					resources	1August	resources	31 July 2022
						2021
Creativity						21,623		21,623
Creativity	- To be used	towards	creativity	at the University.
Analysis	of net assets	between	funds
		Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
				F.		F	F	F
Fund balances at 31
July 2022	are
represented by:
Tangible assets		156,541			156,541	186,361		186,361
Current assets/(liabilities)		569,332		21,623	590,955	506,322	21,623	527,945
		725,873		21,623	747,496	692,683	21,623	714,306

	2022	2021
Within one year	596,011	479,536
Between two and five years	2,215,262	2,213,244
In over five years	656,494	1,254,172
	3,467,767	3,946,952

21	Cash generated from operations	Cash generated from operations				2022	2021
	Surplus for the year					33,190	105,367
	Adjustments for:
	Investment income recognised	in statement		offinancial	activities	(50)	(1,003)
	Depreciation and impairment oftangible		fixed assets			31,985	33,241
	Movements in working capital:
	(Increase)/decrease in debtors					(125,372)	325,898
	(Decrease) in creditors					(319,772)	(205,395)
	Increase in deferred income					203,240
	Cash (absorbed by)/generated	from	operations			(176,779)	258,108
22	Analysis ofchanges in net funds
	The company had no debt during the year.