DoLySbw Envdcye ID.. 7EF5eABC-765W4M22>25271E6FA1CD Clwltyft4lstAtsDn Plo. 1171405 C•ryArystratwin No. 10502916IEnhd Ithd W•lesl THE U.K. FRIENDS OF CENTRALESUPÉLEC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 •AC99KIIJ" 0eT1023 COMPANIES HOUSE A23 171
DoL¥S+Jn En¥dope10". 7EFSEABC-7656434W2&25271E6FA1CO THE U.K. FRIENDS OF CENTRALESUPELEC LEGAL AND ADMINISTRATIVE INFORMATION Trustses M Vandan M Mertt F KUlak S Faqir B BeIe1 1172405 COMnfflbef 10501916 Thirf H¢)or XOkl B EC4M 7AN IndopRndtni•Namlnqr ARith lo HW FisheT LLP Acre (Se 11-15 William P NWI 3ER Unrted Kwom anker5 CAF Bank Ltd 25 nIs Him Avenii? Hill West Mallir Kent ME19 4Xi
DOUJW En*lrye ID.. 7EFSEABC-7fjW34W&25271e6FA1CO THE U.K. FRIENDS OF CENTRALEsupÉLEC CONTENTS Trustees. r¢port Independent examinEVsreport Statement offinancial acDwe5 8ala•ce sheet Natssto the fina•oal ststemerbts 6-10
Dootssign En%lop210'. 7EF5EABC.765fA348-B222s27lE8FAlco THE U.K. FRIENDS OF CENTRALEsupÉLEC TRUSTEES, REPORT IINCWD114G OIRECTORS, REPORT) FOR THE YEAR ENDED30 NOVEMBER 2022 The Trustees present iheir reFrand financial stamentskn the arerle4 )0 Ntyyrnber 2022. The financial 5ts1ements h4¥e been Ppared in accordan ¥rith thE aCCOUntin8 pc4i¢ie5 set wt in note I to the finat)cial sratement5 and comply with the Iharity's 8overnin8 documEnL the Companies Act l(KJ6 and 'Accwntin8 and REpcrtin8 by Charities.. Statement of RetommeThJed Practice applicable to chantyes prepaftng their accounts in accordarKe 4wth the Financsal AEPQrtin6 Standard applicable in the UK and RepublK of lielaThJ (FR5 1021 leffectwe ijanuary 20191"_ Obleth¥e5and Ktl¥lties The objectNe of Ihe U.K. Frien41s of Ceniraleswlec as ei in it5 Articles of A5SOCiatw is the adv31ement of eduG4tirrti and science for benefit of the public In particularaL or in cneO Centsalesupeltc in Fronce. In ¢yder ro promote its object, the Charity may w¢Mde 8wants. stholarships or dOnatTr$ and will at£ept8$ and raise funds. The Trustees are cullabotstin8 with prDfES5ional lundnisers in order io develop the fundraisin8 policy in the Near future. Another obiEctive remains the imprtr4erneni aft qualityof the dathbèse olthe alvrnni ofCentBsupeJec. The Trustee5 paid due regard to 8uid¥rKe issued by thE Charity Commissth in éÈcidin8 what #ctivitie5 thp charity should undertake. A¢hle¥ementsand perforrnaM• The charity increased its income in 2022 With 3 hi8her numbEr of donor5 Jnd three dDnations related to multiannual plEdF5. ZOZI mwked thp fesumptiw of furwJra1Tr8 ever aftEi the Cowd p10. ckne afteryk was Qf8aty2ed in March 2022 In a pub with tht School Dean explaining the str3fe8y for the comin8 year5 ro the Alumni. We atso 8athered hi8h porentK?I dor5 for a lundraising dinner in March 2022 h05ted bythe fvndrai5ine carnpa4gn Piessdent in London. Several aPpnItsTe held in London with prospee15and h• resuiied ifi donationsand pse510r of them Sevoral calls for donation re sent.. ar the end of ar 2021. Valentm,5 doy in February 2022. the dosure of the fwal year for UK residents on P¥ril 2022 and in PAè¥ 2022 lor the doswe of the French fiscalar. Gift3id claim has beeh¢•ncluded thiS3t and ¥mtsunts fvr we$)1r$re. Finarti•l re¥ie• The <harity rEcei¥ed income of E64.26512021.. 39,9181 durin8 the ar. of which £15.296 is due to aid due for pre0v$ years disbursEd this yeat by HMRC. This total amount ot donati$ indude5 £55.615 rettNed from g entird ¢JoT5. Out of Ehis toral Incc))e. £54.25612021' t355) is restricted and £10.(5 12021.. £4.4181 15 wrestricw. Tor31 ie50vrces expended were £S,707 12021= £IDJ.6301. As ai 30 November 2021. the thanty had reserves of £123,930 12021-. £6S,3721. Of tlws •moUrtt, É101.04912021.. £49.7931 Is re5rrir¢ed and the rmaini•8 E19,88112021.. £15.579I is unrestritted. Future plans 14ew initiatives were rakeft since the beginni 011023 to make the Alumrm comm1lty more dynamic and encoura8e Arnl to fund the Khool's Oe¥elopment. Cooperarion be¢ween the strutturt "UK Friends of centleSuPÉIerf and -CenvaleSupele£ Asso£iatitsn" is stren8thenin8with an Jmbit?usroadmap defined tQ ry8aniv ¢ts in 2023. The-UK Friend5 oICentrnleSupéled or8afiiTrd an alternk in Marth 2023 with a conferenre ¢Jn qu•ntitsti¥e finanted by Damipn Chalkt IschDDI prufe5sorl folloEd bya wine tsstin8 ryerience. Othei e¥ent5 are scheduled.. a start-up talk Imay 20231. a pietyic (kne 20231 and othor5 fry the sE¢ond kmester (event at thE aueens, a 511 u) Oxford, another ne tasting..) A gala dinnerattlTe Ftsnth embassyis also planned end ofjafttsary 2024. I these diffeni events are *ey ro raise fvndslof capitsl campaign.
DpoJSy) Enslope ID. 7EF5EABC-76SN34&B2225I71EfjFAlCD THE U.K. FRIENDS OF CENTRALEsupÉLEC TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORll (CONTINUED) FOR THE YEAR EhlDED 30 NOVEMBER2022 The Trusrees h35 asses the rna)r ri5k5towhith the charity isexwd. and are 541isW thatWErns ate in place to nNti8ate exposure ro the maior ri5k5. strurture• p¥emaDc and maMymeri The charity is a chèritsble company limited by8uarafttee irKorporated in Enwand and Wales wtth comparynumber 10502916.lts ieeistered effice is 20 Old Bailey, Londot). EC4M 7Efj. It Is regt5tered with the charityc1ynth590n with charity t)umber 1172405. 1ts8everninB doctsment is ir5 registered Mernvanduffl and Arricles ofAs51•trf)ft. The Trustees. who are also the d1Ctor<I•rthe purpose ofcomparylax and who serbtd durin¢the trarand up to date ol signature olthe financral statementswve". Vandamme •A Merti F KUlak 8 benoliel None ol theTrustees ha5 any benefici41 interest in the(Lynpar All oltheTru5teesare mEmbersof thecNnparyand 8uarantee tD cantributÈ £1 ih the event of a windits8 UP. Power ro 3ppoinl newTrustÈe5 lie5 the sdt membÈr of tho tharKty. its Frenth tounterpart Foundation Centraltsupelec. Con5ider3tion is 8iven to rttoMMendatThS made tythe eKstingtrustEes ufThe U.K. Friendsof centr41eSUpt in the appointment process. The Trustees, reportwas appro%*d by Board ofTrustee Docusigned by: 141 Mertz 26.07.2023 66723 AA2BC546F...
Ooujsign Enwelope10.. 7EFsEABC-76S6434&BL25z11EfjFA1CO THE U.K. FRIENDS OF CEMfRALEsupÉLEC INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE U.K. FRIENDS OF CENTRALEsupÉLEC I report to the Tru5tee5 on my 2xamirbaMn of the finan¢4al si•¢¢m¢hts 01 ThÈ U.K. Friend5 of Ctntsaksupélet (the cbarityl lor the year ended 30 November 2022. Rèsponslbllmes and ba51$ ol report A5 Ihe Trustees Df the charity land also its dirertors (Drthe purposes of company lawl are responsit4e for the preparation of the fifiantial statements kn icwdance Wilh the reqrements of the Companles Acr 2(KJ6lthe 2(1)6 Artl. HavinE satlsfied myself th3t thE financial ststernEntsaf the charity are not required to be audited undEr Part 16 Df the 2006 Act and are e£1le for iftdependent e¥amination, I report in respettofnw examinatyon of thè tha[15 statements carried out under section 145 ol the Charities Aci 2011 Ithe 2011 Act). In carrwnR our myexamination I have followed all theapplicable DirertlOllS8Nen bythe charitycomrnlss 14515llbl of ihe 1011 kt. Independwt wmlner's sttemert I completed my examination. I tmfirm that rrt) matters tomt to my atttntion in connEctiam With the eyamination givin8 me cause to believe that arymaterial fespe£t'. accountyna record5 were nDt kept in re5pert of the rharity 3$ requiT¢d ty sortiom 386 of ts 2Cf6A¢t,' or the financial sratements do not3ccord With Ihose recor115." or thE firbancial statements do not cornpty Itsith the accounting requiremerf5 015ecti 396 of the 2W6 Aci other rhan 3ny requirerneni that the 3cc¢x¢nts live a true and tsir Mew whh is rot • Matter wnydered as part of an independent examination: or rhe financial sraternents ha¥e not been prepared in accordance the methods and principles of the 5t4Trment of Aecornmended Practite fcr accounting and feporrinB by charitie5 appliiablE to chariries preparing thesr accounts in accordance with the Finantial Reportingstrndawd appliub* the UK arKI Republic of Irand IFRS 1021. I ha¥e no concerns and ha¥T corne across othei matters in Connect the examinauon to which attention should be drwn in this report in urde¥toenèblE a proper Understandi of the fmncial statsmtntsto be reached. A Rich elo HW Fisher LLP Charted Accountanrs Acre House 11-15 William Roa Londo NWI 3ER United ngdoM Dated.. 01 Aug 2023
Docusign En¥elope ID. 7EF5EABC.765vA3484222S27lE6FAICD THE U.K. FRIENDS OF CENTRALESUPÉLEC STATEMENT OF FINANaAI ACtIVlTIE5 INCLUDING INCOME AND EXPENDITURE AccouNr FOR THE YEAR ENDED 30 NOVEMBER 2022 Tot41 Unrestrted fund5 1021 Restricted fuThJs 2021 TOts1 2022 2021 Income Donatitsns and lepoes iomy 54.156 64.265 4.418 355DJ 39.918 ondltureon-. Chailtable acuvities 5.707 5.YO7 46.gso 53,6 100.630 Ilet 1ntofflollwnthture1 forthe year/ Nei nwernent in lunds 4.302 S8,558 142.5321 118.1801 160.7121 Fund balances at I December 1011 155 49.793 65.372 S8.111 67.973 126,084 Fund b¥la•ees at30 14o¥ember 2022 19.#È1 104.049 123.930 15.579 49,793 65,372 JI ¢ncome and expenditure derNe from contirwln8artlknt The statement of financi31 actibes also compl*5 with the reowefflenrs for an incorne and exwndiiure account under the CompaniesAct 2(lJ6.
Oow&gn Envepe ID.. 7EFSEABC.765fA34M222S?7lE6FA1CD THE U.K. FRIENDS OF CENTRALEsupÉLEC BALANCE SHEET AS AT30 NOVEMBER 2022 thtrrent asstts Deblofs Cash 3t bank and ifi hand 657S 123.933 15.296 53,941 130508 16J781 69.237 13.8651 Credltor5'. irnourbtstsllin¢the we v Net currenT a5se15 123.930 65.372 Intome fund5 Restricted fund Unrestricred lund5 li 104,LM9 19.881 49.793 15.579 123.930 65.372 The company is enti1 to exemption Irom the audii reqUireThl contsined in rvon 477 01 the Cory4nie5 Act 2ts)6. for the vear ended 30 Novembpr 2022. The ¢Jirettors acknowledEe their re5pon5itHlities for ensurint thèt the charity keeps èccountini records which comply wth settknn 386 of the Acr and lor pfepafinl fancial Starnents whith 8i¥e a and fair wew of the srate of affair5 of the company a5 at the end of ihe financial year and ol its iDtCXing resource5 and application ot res(xJrces. includin¥ its income and expenditure. lar the finantiol •r in atcordotyte with the requiremEnts of Strtn$ 394 and 395 and which tstherwso comply ith the quIrementS of the CompaniesAct 2rTh relating to financkil statements. so tsr asapWicab rothe comparry. The mernbers have not reqred the tompaty to obtsin an audit of its finantsal ststernerbts for thE year in Question in attordance with sectsun 476. These financial ststements hx been prepared in aCc(the the prtMSianS appIae w companies subject ra the small ¢ompanies rerne. 27.06.2023 The fin3ncl315tstemprwE approbd ty theTnthS on......................... Docusigned by: M Mertz Trustee Company A4lstAtlan No. 10502916 L MLrf* 66723 28C546F...
OowSigTh E¥elope ID.. 7EF5EABC-76w34W22527lE6FA1¢D THE U.K. FRIENDS OF CENTRALEsupÉLEC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEM8ER2022 Aceou•Vni pollde5 CharltyiThforniation The U.K. Friends ol Centralestypélec is a chritable CLryry limited by BUaTrntee incorpwatrd in En8lJnd and Wales. The reEisrered office is Third Floor 20 Old Bailry. London, EC4M 7AN. The financial statements have been prepared in ac£orfance the Chari$ 8Lwernir¥ documenL the Companies Aci 2006 nd -AicountiDÉ Reporting by Charities". Staiement of Recommeftded Pracisce applicable to charllies preparing their xcounts in atcwdance With the Financial Repoffjn8StandJrd applicable in the LIK and Republ of Iland (FR$ 1021" 12ffectiYe l January 20191. The charity 153 PublK Beneffit Enmv asdEfined tyFR5 101 ThE finantial statemertts are prted i• sterfin& which is the functKwl currew of ihe charity. Monetsry amounts in ihese rinancol stsiements are rounded to the nea# L The financial 5tatemeThts ha¥e been prepared er Ihe hisluwitèl tost tonveniion. Tre principal accoting polKles adopted a sÈt out btlow. GolnB(oncern At Ihe lime ol apprwn8 financial statefflents. the T[ee$ ha¥e a rea51)nable expectaiiw thai the charity ha5 adequate resources to coThtinye in operational existent? lor lore5eeats future. Thus tho Trusttt5 rontinuE to adopt the 8olng concern basis of accouhtinz in Pfep3ring tht fin3noal statemÈnt L3 Chavltsblefunds Unrestricted funds are available IDr at distretion of theTrustees fvrtherance of thÈ¥ tharitaNe objectives Un$$ the fund5 have betn de&8rtatÈd for otherpurpose Restricted funds are 5ybjecE to speofK conditions by donors as to W they rnay bt used. Th¢ purposes and uses of the restricted fvnds are 5Et our in the note5 to the financial statements. L4 Income Income is recognised when the charity is legally enbtled to it after kvlwn¥n rmdition5 have been met, the amauht5 can be me35ured reli4bty. and li is probawe that Yhryll be receNYd. Cash donaiion5 are reu8ni5ed ¢yb rectypt. Other donations are reco6nised onte the thaiity has betn notified of the donation, $5 perlormante condirion5 require deftrral of the anKwnL Irfty¢ tsA feCtr•rable in rel•tion todtyiations re£eived under Gift Aid is re£o8nistd at the time ol the donatioo. L5 Expenthture Resources expended are reCnISed in the periDd to which rere. Oirecr charitabk expetydilure coryris all thÈ e¥•enditure relatbni to the artimities out to athieve the charitable objectNe5. Support tosts represent Costs thai cannot be dlrecity attributed to chaiikb* attrvities but a necessarily incurred runnin8 the tharity- Go¥ernènce costs include tosts payable io the iThJependent eXaMir and Olher costs incutred in relaiion to s>tUEOry and Consti110naI wuirernent& 1.6 Cash andta5h equr¥alehts Cash and cash equivalents incl¥de rash in hand and deposits W airall banks.
00cusn Envdwe ID." 7EFSEABC-765fA34M22&25271E6FA1CD THE U.K. FRIENDS OF CENTRALEsupÉLEC NOTES TO THE FINANaAL sfATEMENTS ICONTINUEOI FOR THE YEAR ENDED 30 NOVEMBER 2022 A<<tyJnii•g polldes The charity has elected to appty prnwsions of SettK)n 11 Instrumen Settion IZ 'Olher Finanthl Instrwnents Issues, of FR5 102 to all of its financial irtStrumenL The charity only has financknil assets 3nd finorKial liabiliDes of a kind that Qualify •5 bay¢ financial insiruThÈhts. Basit finèncial instruments are Initial recu8nised attran5KtTr valup and 5ub&equEntty rntaSLÈd at theirsettlementwJlL. The Trustees a 5ali5fied thatthereare no 5ienifignt e5tym*es or jud8emeiits in the finanoal sttttrments. Dohatlonsand lepoes Total Unrtrtricted fvn(t5 Restricted funds Totsi funds ioii 2021 2021 Donations and yft5 iO.LXJ9 54.256 64.265 4.418 35,5 39.918 charfble artlvllles 2022 Grant ldingalttlWIS (see note Sl 96571 Share ef support costs (see Thote 61 Share of 8overn4nce costs IsEe note 61 42 5,665 152 3.907 5.707 lQ),630 Analws tsyfvnd Unlericted funds Restricted fvnds S.707 46.950 53,680 5.707 10).630
OooJ&Jn En%lope ID.. 7EF5EABC-76setr434&B22Zs271E6FAlCD THE U.K. FRIENDS OF CENTRALESUPÉLEC NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022 2022 2Q21 Gr3nts to institiOn Fondation Cenir31ewpEle¢ 96571 Supportcosts 1012 SupportCOSts Grr¥emance costs 2021 ank char8es 41 42 152 152 Audit fees Le1 and pmfessional 2.952 2.713 2.Y52 2.713 913 913 5.665 5.707 152 3,7 4.Q59 ADalysed bete Charitable a£tivities 5.665 152 4.059 Trustees None of the Trustees Ic¢ arry Pen$ tonnetted yth theml rece remuneration or benefits fvom the charityéuring the vear. Employee5 There were no em0vee$Vn¢the cuirerttty w10rar. Oebttsrs 2022 2021 Amo¥nts talllrvddutVJlthln year. Accrued inrame 6.575 15.296 io redittys: mouhtsfanknÉ due wllNn ont)*¥r 2022 1021 Accruals 6.578 3,865
Oocusign En¥elppt ID.. 7EF5EABC-769HJ4&B222S27IE8FAICO THE U.K. FRIENDS OF cERALESuPÉLEc NOTES TO THE FINANaAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022 li eslrttod funds The intomt lunds of the chanty include restrictrd lunds coMpriy fdowÉ unexpeThled balances of donal15 and 8rnnts held on trust for speofic pyrp05es". Mtr•nent in funds Reso¥e1 expd JONweTher 2011 The teaclwnB of entrepreneurship Schdarships Aeseaich Campus Cothd emerEency fund Center for th"Vety and Inclusion 27.5 Z8.923 2.5 122.tTh)I 115.4101 I2.4() 113.8701 53(X) Z7,275 106 31.250 13.7( 58.523 2.IC#) 24.32 7.240 2A20 21.9)) 12.Stt1 12.5C 12.SCrf) 67.973 153.wjl 49.793 54.256 104.049 Unre5tr1rted lund5 The ifttome funds of the charity indude Unrestric fuTrJsCrytsin8 the balances of donatyon5 and 8rants held on trust to be uiiliied arTw5tee5' dis¢retion_" Ifr•emeiii In IvKon Inrqminl Respyrtcs InceI I DttMbt 20 Unrestricted funds 58.111 4.418 146.9501 Is.s 10.TrJ9 15.7071 I981 58,111 4,418 146.9501 15,579 15.7071 I981 All donaitons recei¥Yd by the thaiity are used to prg¥ide financjèl awstsrfe w Fond4tiw Centrèlesupélec, in Pari5. Upon receipt of a donation. the charity asks the darr whethef they would like to make their dorkrytiDn a general Iwrestrthl donation Drwhether they uld like it to be allJfJted to ohe of these speufic areas of lundin8.' .Th¢ tExhift8 ofentreprefieutship Scholarships - Researth - Cowd eMen(¥ fund - Campus - Cetyter Oivusity and
Ooi)J5ign En%Jope10." 7EF5EABc-7ejlW22527E6FA1Co THE U.K. FRIENDS OF CENTRALESUPÉLEC NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022 An•lyshofn assets funds TDial Unrestritted nds 2021 Restritltd funds 2021 lunds lunds 2021 Fund balances at 30 November 2021 are represented bv.. Cwrent3ssetsllliats"liiie51 19,881 104M49 113.930 1&079 47.293 65,372 19,881 104.049 123.930 18.079 47.293 65,372 1> Related partytrnns•ctiuns Durln8 the yea¥. the charity recei%*d donaiion5 for £2,CfQ12021.' £2.CWI from Marven Lwnittd. in which Marc ndOrnME. share common TTUSfteship and £25,LWI1021.. £21.} Irom FLIen anothEr tvuste?. 10-