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