DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 Charlty reglstration number 274145 Company registration numbèr 01138995 (England and Walesl ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees MJPJa¢qz L Odeh Mr CLP Guiollol A WDi¢k ARMANour¥y L Seguier M Felu J Masselol A Domange E Caradec A P Sauly de Chalon C Tarazi M Riera Lamela (Appointed 19 June 2023) (Appointed 1 September 2023) Secretary A Quillerou Charity number 274145 Company number 01138995 Reglstered office 59 Brook Green London W6 7BE Auditor KLSA LLP Kalamu House 11 Coldbalh Square London EC1R5HL Bankers HSBC Bank PIC 176 Camden High Street London UK W8 4SH
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD CONTENTS Page Tiustees, report Slalemenl of trustees. responsibilities Independent auditoi's report Statement of financlal activities Balance sheet Statement of cash flows Notes lo the financial statemenls 12-20
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees who are also directors of the charity for the purposes ol the Companies Act 2006, present IheiT report with the financial slalemenls of the charity for year ended 31 December 2023. The financial statements have been prepared in accordanGe with the accounting policies sel out in nDle 1 to the financial statements and comply with the charity's trust deed, the Companies Act 20[>6 and "Accounting and Reporting by Charities.. Slaletnent of Recommended Fra¢lice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 leffe¢live 1 January 2019} The tinancial slal@ments have been prepared in accordance th tho accounting policies sal out in note 1 to the financial slalemenls and comply with the chartty's IgoveTning documenll, the Companies A¢1 2006 and A¢coLJnting and ReportSng by Charities.. Slalement of Recommended PraGliGe applicable lo charities preparing their accounts in accordance with the Financia5 Reporting Slandard applicable in the UK and Republic of Iieland IFRS 1021. leffeclive 1 January 20191. Oblectlves and a¢tlvltles The objectives of the school are thè advancement of education of boys and girls, and in particular lo promote, maintain and conduct. for the benefit of public in the UK, a French school for the nursery and primary education of chlldren, irrespedive DI the nalionalily of the children or thèir parents. The Trustees have given Gareful consideration lo the Charlty Commissions general guidance on public benefit and in particular lo ils supplementary public benefit guidancè on advancing education and on fee-charging. Vve aim to provide a first class education lo boys and girls from the ages of 3 to 11 similar to that of a public school in France while at the 5sme lime ensuring that the children are able lo Integrate well into their British surroundings. seek to provide the benefit of a structured educational envtronmenl that develops our pupils, capabilities, ompelences and skills. We promote the academic. moral and physical developrnenl of our pupils through our academic Curriculum. pastoral care, sporting and other aclivilies. We provide an educational enviionmenl where each student can develop and fulfill his or her potential, building their self-conlidence and inculcating a desire lo onlribule lo the widèr community. The school is ¢ommilled to safeguarding and promoting the welfare ol our pupils 8nd expects all staff and volunteers lo share this Commitment. Tho school welcomes pupils from all baGkgrounds and abilities. Th@ school operates in accordance with regulations sel by the Agence pour I'Enseignemènt Francais a I'Elranger IAEFEI and the school's slalus as an "école ¢onventionnée provides public benefit. This status enables parenls of pupils to receive means.lesled bursaries for the full cost of fees. In 2023. 5 pupils12022.' 4 pupils) had their fees mel by bursaries which in lolal were for £18,018 {2022.' 14.2461 The school did not participate In any fundraising events in 2023. The school is an equal opportunity organisalion arid we are Committed lo a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orienlalion or disability. We will make reasonable adjustrnents lo meet the needs of staff or pupils who are or become disabled. Publi¢ benefil The Trustees have paid clue regard lo guidance issued by the Charity Gommission in deciding what adivities the charity should undertake. Volunteers The charity did not have any volunteers duiing the year.
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and performance Signific&nfr activities and achievements againsl objeclives Charitable activities The school is popular among the French Gommunity in London 8s the rnedium of teaching is mainly in French. The standard of leaching is high and the activities ol the school are varied. 11 has liniil@d ils total intake lo 262 children in the age groups of 3 to 11 years. As a result, the school maintains good relationships with pupils and parents alike. Most pupils leaving the school al the age of 11 gain entry lo the French Lycée, the secondary Se01 in London which follows the Frénch curriculum in the secondary education, The school continued lo adopt the various pollcies regarding Health and Safely, First Aid, Medical Needs, Child PToleclion, Anti-bullying elc. Each of the trustees was given an aiea lo be under his or her responsibility including such areas as Finance. Safeguarding and Human Resources. he scho The last èvaluation by Ofsted IDok Pla in June 2022. The school was judged Outstanding and their comments were as follows '. Pupils receive a high-quality education. Leaders and teachers are very ambitious for what pupils ¢an achieve. Pupils strive to meet the high expectations that leaders sel Leaéers and staff provide strong support for pupils. They think carefully about how to support pupils, academic and personal development through the curriculum. Edu¢alional visits and extra-curricular clubs are a key feature of the School's work. Clubs organised by parents, carers and leaders include science, tennis, debalins and ¢hess. Leaders give reading high priority. The school's French and English libmries have exien51Ve Golleclions of books. Pupils enjoy borrowing books from both ¢olleclions. Pupils read stories together outside at break lime sitting on CEJ5hions. Leaders make Sure pupil welfare and safety are prioritised. Pupils ale safe and happy. Pupils behave exceptionally well. They are self-disaplined and rasponsible when moving around the schoDI and highly molivaled in class. Teachers foster respectful, nurtuiing relationships with pupils. Pupils trust and are eonlident that school staff ¢ar8 about their well-being. Staff sort out any problems, including bullyirbg, should they arise. LeaLleis and members of the proprietor body understand their stalulory responsibilities and meet regularly lo check these are met consistently. Members of the propriplor body ensure that the school Gomplies with 5chedul& 10 of the Equality Act 2010 and the independent school standards. Leaders gather feedba¢k from staff in a variety of ways. Teach$ value the support they receive from leaders lo manage their workload wgllbeing.. Flnanclal review ReseNes policy The incoming resouTces for the year were £2,342,892 {2022.' £2,057,372). The resources expénded by the school in 2023 were £2,362,75012022.' £2,082,840) of which the principal component was employment costs of £1,738,185 12022.. £1,538.2041 (Note fj 01. Resources expended were more than incoming rasourcès in 2D23. producing a deficit of £19,85812022'. deficit of £24,035). Reserves pollcy The lolal reserves at the end of the yèar slDod at £1.100.28412022.' £1,120,142). The Iruslees have reviewed the Company's need for free resetves and have decided to maintain these for th8 following reasons.. al risk of fee incoFne dropping below the level of expenditure bl recurrlng expenditure for al least a period of one year The current policy is to rnainiain th& reserve5 al approximately the current levels of reGuffing expenditure. Maiornsks The Trustees have assessed the major risks to which the Charily is exposed, and are satisfied Ihal systems arè in place lo mitigate exposure lo the major risks.
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The principal risks lo which the Chaiily is exposed are considered lo be.. Health and Safely of pupils and s18ff The reputation and identity of the Charity The recruilmenl and retention of staff The financial stability of the Charity Key controls and procedures designed to minimise or manage any pDlenlial impact Df risks on the Charity include.. Vetting procedures, as required by law, for the protection of pupils. Fomial wrillen procedures indudin9 for non-financial risks such as fire and health and safely and safeguarding of pupils and regular awareness training for all staff. Established organisalional structure and lines of reporting with clear aulhorisalion and approval levels. Regular reviews of policies and piocedures to monitor and control risks. Regular slraleglc plannlng. budgeting. management accountlng and budgetary revlews. Plans for future periods The trustees are looking into development ol premises with a view to increase the space for the educational purposes as well as lo Ip[Ove the welfare of the children. structure. governance and management The company was incorporated on 11 October 1973 and was regislerecl ywlh the Charity Comrnlssioners in August 1977. The Company Ss governed by ils Memorandum and Articles ofAssociallon and conslllules a limited company, limil8d by guarantee as defined by the Companies Act 2006. The Trustees, who are also the directors for the purpose of company law, and who served durtng the year were.. MJPJ8CqZ Lodeh Mr CLP Guiollol AWDick P J Mendrzyk ARMANourry L Seguier M Felu J Masselot A Domang E Car8de¢ A P Sauly de Chalon C Tarazi M Riera Lamela (Resigned 18 January 2023} (Appointed 19 June 2Q231 IAppoinl8d 1 Septembèr 20231 Recruitment and apptment of Imstèes The new trusltses are rtrcruiled on the basis of re¢ommendalion by thè existing Iruslees. Any parent desiring lo become a trustee of Ihe Charity may submit lo the Charity an application in writs'ng. Every application for appointment shall be considered by the trustees and no applicant shall be admitted unless al least two Ihirds ol the voles cast on the question ol his appointment are in favour thereof. No reason for refusal lo admit any applicant shall b8 given.
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 The Dire¢lors are responsible for the overseeing of the risks faced by the Scho(>l. Risks are identrfied, assessèd 2nd controls established throughout th6 year. A formal review of the charity's risk management processes is undertaken on a ragular basis. Risk is managed under the headings of Iinan¢ial suslainabilily, school safely. sludenl welfare, employment, school trips and events and community access. Through the risk management ProsseS established for the School, the Diredors are satisfied th81 the major risks identified have been adequately miligaled where necessary. 11 is recognised Ihal systems can only provide reasonable bul nc>t absolute assurance that major risks have been adequately managed. The Directors who are the charity Fruslees for the purpose of the Chari118s Act 2011 Gonducl the opèr81ions of the charity. The names of the Current dlreGtors and who htrld office during the ftnancial year are sel out above. Full liine employees undertake day lo day management running of the school. The Board of Directors meets on averag& once every two months lo discuss the affairs ol the Company as a whole. Indudion and training of tnjstees New Iruslees undergo an inductic>n lo brief them on.. their legal obligations under charity and CoMnY law. the Charity Commission guidance on public benefit, and inform them of Ih@ content of the Memorandum and Articles ol Association, the Committee and decision-making pro¢@sses, the business plan and the recent financial p8rfoimanGe of the charity. As part of the induction they meet key employees 8nd other Irusle&s. Trustees are encouraged to attend appropriate external training events where these will facililale the ijndeilaking ol their role. Audltor In accordance with the company's articles, a resolution proposing that KLSA LLP be reappointed as aLtdllor of the company will be pul al a General Meeting. The Iruslees. report was approved by the Board of Trustees. A Iij DicL AWDick Trustee Date.. 8/7/2024
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, who are also the directors of Ecole Francaise De Londres Jacques PVert Ltd for the purpose of company law, are rèsponsible for prèparing the TNslees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company Law requires the Trustees ID prepare financial statements for each financial year which gwe a true and fair view of the slate of affairs ol the charity and of the incoming reSoUrS and application of resources, Including the Income and expenditure, of the charitable company for that year. In preparing these financial slalemenls, the Trustees are required lo.. sèlect Suitable accounting policie8 and then apply them con8islenlly'. observe the methods and principles in the Charities SORP,, make judgements and eslimales that are reasonable and prudent., $18le whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalemenls., and prepare the financial statements on Ihe going concem basis unless il is inappropriate lo presume that the charity 11 continue in opèr81ion. The Tnjslees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable them lo ensuie that the financial slalemenls Comply with the Comp8nies Act 200e. They are also responsible for safeguaiding the assets of the charity and hence for taking reasonable steps for the prevention and detection of Iraud and other irregular¢lies.
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD Opinlon Vve have audited the finarkcial slat&ments of Ecole Ffancaise De Londres Jacquss Prevert Ltd {'Ihe charily'l lor the year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet, the statement ol cash flows and the notes to the financial slalemenls. including a summary ol signifjcant accounting policies. The financial reporting framework that lias been applied in their preparation is applicable law and United Kingdom AoUntIng SlandaTds, including Finan¢ial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iuniled Kingdom GenerallyAccepled Accounting Practice). In our opinion, the financial slalemenls. give a true and fair view of the slate of the charitable company's affairs as at 31 December 2023 and of ils incoming resources and application of resources, lor the year then ended., have been properly pr&pared in accordance with United Kingdom Geneially Accepted Accounting Pra¢lice'. and have been prepared in accorclance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Inlernalion81 S18ndards on ALJditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those slanclards are further described in the Audilols r8sponsibililies for the audit ol the financial slalemenls section of our report. We aTe independent of Charity in accordance with the ethical requirements that are relevant to our audit ol the a¢¢ounls in the UK, inclLJding the FRC'S Ethical Standard, and we have fulfilled Ouf Dlher ethical ie8ponsibililies in awrdan¢e with these requirements. Vve believe that the audit evldence we have obtained is sufficlenl and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial slatemenls, we have conduded that the trustees, use of the going Conce basis ol 2¢¢0unling in the pr8paralion of the financial slalemenls is appropriate. Based c>n the wort( we have performed, we have not identified any maleiial uncertainties relating lo events or cc>ndilions that. individually or collectively, rnay cast significant doubl on thè charity's ability lo continuo as a going concern lor 8 period of al least twelve months from wher5 the ftnancial statements are aulhorised for issue. Our respons¢bilities and the responsibilities of the Trustees with respect lo going concern are described in the ¥elevanl sections of this report. However, because not all future events or Conditions can be predi¢led, this slalemenl is not a guarante8 as lo the school's ability to continue as going concern. Other Informatlon The other information comptises the information included in the annual report other than the financial slalemenls and our auditor's report Ihereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial slalements does not cover th8 other information and, except to the exlenl otherwise eKpli¢illy slated in our report, we do not express any form of assuranc& conclusion Ihereon. Our responsibility is lo read the olheT information and, in doing so, consider whether thè olh8r informalion is materially inconsislant with the fi'nancial slalements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsislen¢ies or apparent material misstatements, we are required to determine whether this gives rise lo a tnaterial misstatement in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there Is a material misstatement of this other infoTrnalion. we are required to report that fact. We have nothing to report in this regard.
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD atters on whlch we ar& roqulrtrd to report by exceptlon We have nothing to reporl in respect of the following mallers in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us lo report to you if, in our opinion. the inforfflalion given in the financial slalemenls is inconsistent in any material respect wih the Iru51ees' report., or sufficient accounting rècords have nol been kept., or thè firiaricial slalements are not In agreement with the accounllng records; or we hav& not received all the inform81ion and explanations we require for our audit. Responslblllties of Trustees As explained morè fully in thè statement of trustees, responsibilities, Trustees. who are also the director8 of charity for the purpc>se of company law, are responsible for Ihe preparation of the financial slalemenls and for being satisfied that they givo a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the pr@paration ol financial statements that are free from material misstatement, whether due to fraud or ermr. In preparing the financial slalemenls, the Trustees are responsible foi assessing charity's ability lo continue as a going concern. disclosing, as applicable, mallers related lo going concern and using the going concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or to Bease operations, or have no realistic alternative but lo do so. Audltor's r8sponslbllltl8s for the audit of thè financial statements We have been appointed as auditor under secllon 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due lo fraud or error, and to Issue an audiloi's report that in¢ludes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect a material misstalemenl when il exists. Misslalemenls can arisè from fraud or error and are considered material if, individually or in the aggregate. they COLtld rBasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, in¢luding fraud. are instances of non-compliance with laws and ¥egulalions. We design procedures in line with our responsibilities. outlined above, lo delect malertal misslalemenls in respect of irregularities, induding fraud. The exlenl lo which our procedures are capable of detecting irregularities, including fraud, is detailed below. Our approach to identifying ancl assessing the risks of matertal misstatement in respect of irregul8rilies, including fraud and non-compliance wilh laws and regulations, was as follows.. the engagement partner ensured that the engagement team ¢olle¢lively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicabl8 laws and regulations,. we idenkn.fied the laws and regulations 8pplicable to the company through discussions with trustS and other management, and from our commercial knowledge and experience of the sector.. and we fLKused on specific laws and regulations which we considered may have a direct material effect on the opefations c>f the company financial 51alemenls or the operations of the ¢ompany, including the ChariliesAct 2D11, data protection. anli-bribttry, employment. environmental and health and safely legislation.
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD We assessed the susceplibilily of thè ¢ompany's linancial slalements lo material rllisslalèmenl, incluofiny obtaining an undèrstanding ol how fraud might o¢¢ur. by.. * making enquiries of management as lo where they Considered there was susceptibility lo Ir8ud, their knowledge of actual, suspected and alleged fraud,. and consideiing the internal controls in place lo mitigate risks of fraud and non-compliance wlh laws and regulations. To address the Tisk of fraud through rnanagemenl bias and override of controls, we.. performed an8lyti¢al procedurès lo identify any unusual or unexpected relationships., lesled joumal entries lo identify unusual Iransaolions., assessed whether judgements and assumptions made in determining the a¢counling eslimales set oul in note 2 were indicative of wlenlial bias., and investigated the rationale behind significant or unusual Iransaclions. In response lo the risk of irregularities and non-¢ompliance with laws and regulations, we designed prD¢edures which included, bul werè not limited to.. agreeing financial statement dlsclosures lo underlying supporting documenlalion., leading the minutes of meetings of those charged with governance., and enquiring of rllanagemenl as lo actual aTrd potential liligalion and claims. We communicated idents.fied fraud risks and non-compliance with laws and regul2lions with those charged with gc>v&rnance, throughout the audit team and remained alert lo any indications throughout the audit. Thère are inherent limitations in the audit procedures described above." any inst8nce of norbcompliance with laws and regulations and fraud which is far rernoved from transactions refteGled in the financial slalements would diminish the likelihood of d81@clion. Furtherrnore, the risk of not dele¢ting a material misslalemenl due lo fraucl is greater than the risk ol not delecling one resulting from errol. Fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentslion, or through an act of Gollusion that would miligala internal control8. A further description of our responsibilities for the audit of the financial slalemenls is located on thè Financial Reporting Council's websit8 al.. http.'Ilwww.frc.org.ukJaudilors re5ponsibililies. This description forms part of our auditor's report. Use of our report This report is made solely lo the Charity's trustees, as a body, in accordance with se¢lion 144 of the Chariligs Act 2011 and the regulations Made under section 154 of that Act. Our audit work has been undertaken so Ihal we might stale lo the Charity's trustees those mallers we are requiTed to stale lo them in an auditor's report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other than tha Charity's trustees as a body, for our audit work, for this report, or for the opinions wè have formed. Shllpa Chheda Isenlor Statutory Audltorl for and on behalf of KLSA LLP 0910712024 Chartered Accountants statutory Auditor Kal8mu House 11 Coldbalh Square London EC1R 5HL
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Unr8stricted funds fLtnds 2023 2022 Not88 Donations and legaGies Charitable activities Investments 2,000 2,296,020 44,872 7,25C> 2,047,902 2,22L) Total Income 2,342,892 2,057.372 Charitable ?¢livities 2,362,750 2,082,840 Net oxpendlture for the yearl Net outgoing resources 119,8581 125.4681 Other recognlsed galns and losses Other gains or losses 1,433 N¢t movement In funds 119,8581 124,0351 Fund balances at 1 January 2023 1.120,142 1,144,177 Fund balances at 31 December 2023 1.100,284 1,120,142 The slalemenl of financial activlIeS includ8s all gains and10sses recognised in the year. The statement of financial activities Includes all ualns and loss&s recognised in the year. All iome and expenditure derive from continuing aclivilies. The slatefnenl Df financial a¢livilies also complie5 wlh the requirements for an income and exwndilure account under Itie Companies Act 2006.
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Debtors Cash al bank and in hand 13 461,924 470,558 14 508,507 1,593,908 377.093 1,655,920 2,1 Q2,415 2.033,013 Creditors- amount5 falling due withln one year 15 {884,2651 1825,5201 Net current a55els 1.218,150 1,207.493 Total assets lèss currènt Ilabllitias 1.680,074 1,678,051 Creditoys.. amounts falllng due after more than one yoar 18 {579,790} 1557,9091 Net assets 1,100,284 1,120,142 Income funds Unrestricted funds 1,100.284 1,120.142 1,100,284 1,120,142 The company is enlilled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for tho year ended 31 December 2023, although an audit has been carried out under section 144 of the Charities Act 2011. The directors acknowledge their re5ponsibililies for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparaliDn of financial slalemenls. The members have not required the company to obtain an audit of ils financial slalemenls undèr the requirements of the CompaniesAcl 2006, for the year in question in accordance with section 47e. These financial slalemenls have been prepared in accordance wf(h thè provisions applicable lo companies subject lo the small comp8nies regime. 8/7/2024 The financial slalements were approved by the Trustees on . l U) Pic 97CQ7 AWDic Truste8 Company Reglstratlon No. 01138995 10-
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating actSvities Cash (absorbed byllgeneEaled from operations 20 1106,8841 134,990 Investing activitles Investment income received 44,872 2,220 Net cash generated from Investlng actlvltles 44,872 2,220 Net cash used in financing actlvltles Net Idecreasellincrease in cash and cash equlvalents {62,0121 137,210 Cash and cash equivalents at beginning of year 1.655,92D 1.518,710 Cash an(1 cash equlvalents at end of year 1,593,908 1,655,920 11
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poll¢les Charlty Information Ecole Francaise De Londres Jacques Prevert Ltd is a private company limited by 9uaranlee inGorporated in England and Wales. The registered office is 59 Brook Green, London, VV6 7BE. 1.1 Accounting Gonvontlon The flnancial slalemenls have been prepared in accordance with chaTily's Igoverning documenll, the Companies Act 2006 and Accounting and Reporting by Charities: Slalement of Recommènded Pradice applicable lo charities preparing Iheii accounts in accordance Mlh the Financial Reporting Standard applicable in the UK and Repiiblic of Ireland IFRS 1021. las amended for accounting periods commencing from 1 January 20191.The Charity is a Public Benelil Enkn'ly as defined by FRS 102. The accounts are prepared in sterling, which is the functional ¢urrency of the company. Monel8ry amDunls i these financial statements are rounded lo the nearest £. 1.2 Golng concern In assessing the Charity's ability lo continue as a going concern, the trustees have considered the financlal position and performance of the Charity. The charity is self-financed through il's operations and Is therefore independent of any external financial support. On the basis of this, the IrtJstee5 have a reasonable Èxpeclalion that the charity will continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial slalernenls. These financial slalemenls are prepared on thè going concern basis. 1.3 Charltable funds Unreslri¢led funds are available for use al the discretion ol the Trustees in furtherance of their charitable objectives. 1.4 Incomlng resources 1ncome is recognised when the Gharily is legally entitled to il after any performance conditions have been mel. the amounts can be measured reliably, and il is probaNe that income will be received. Incorne represents the value including school fees which are recognlsed as income when the service is due and probable, i.e. al the beginning ol each term. Cash donations are recognisad on receipt. Other donations are récognised once the charity has been notified of the donation, unless performance conditions require deferral of the amounl. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognis&d al the lime of the donation. ferre ome School fees and registration fees is billEd in advanee of the oncoming school term and are recognised in the account period to which they relate. 1.6 R8sources pxpended Expenditure is accounted on an accruals basis and has been classified under headings that aggregate all costs related to the Galegory. Vvherè costs cannot be directly atitibuled to partÉcular headings they have been allocated lo activities on the basis eonsistenl with the use of resources. 12-
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies (Continued} 1.6 Tangible flxed a559ts Tangible fixed assets are initially measured al cost and subsequently meas(Jied at cost or valuatlon, nel ol depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their resiifual values over their Llselul lives on the following bases.. Land and buildings Office & school equipment Fixtures & liltings Computer software 20/0 On ¢OSt of the building S years 3 years S years The gain or Ic>ss arising on the disposal of an asset is determined as the difference between the sale prOedS and the carrying value of the asset, and is recognised in the statement ol financial aGlivilie5. 1.7 Impairment of flxed asset5 At each reporting end dale, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indLalion exists, the recov8rable amount of the asset is estimated in order to determine the extent of the impaiTmènt loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in h8nd, deposits held at call with banks, other shor>lerm liquid inveslm6nls with original malurilies of three monlhs or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 1.9 Flnancial Instruments The Charity has elected to apply the provisions of Section 11 'Basic FinanGial Inslrumenls, and Se¢lion 12 'other Financial Inslrurnenls Issues, of FRS 102 to all of ils financial inslNmènls. Flnan¢i81 instruments are recognised In the charity's balance sheet when ¢harity becomes party lo the contractual pmvisions of the inslrumenl. Financial assets and liabilities are offset, with the nel amounts presented in the financial slalomenls. when there is a legally enforceable right to set off the recognised amounts and Ihere is an inlerrtion lo settle on a net basis or lo realise the asset and settle the liability simullaneou51y. 1.10 Employee bengflts The cost of any unused holiday enllllemenl is recognised in the peiiod in which the employee's services are received. Termination benefits are recognised immediately a8 an expense when the charity is demonslr8bly committed to terminate the employment of an employee or to provlde termination benèfits. 1.11 Retlremtrnt benefits The Charily operates a defined contributions pension scheme. ConlTibulions are charged in the accounts as they become payable in accordance with the rules of the scheme. 1.12 Foreign exchange Transactions denominal8d in foreign currencies are recorded al the rate ruling al the dale of the transaction. Monetary assets an¢J liabilities denominated in foreign currenc(es are translated into sterling al Ihe rates of exchange ruling at the balance sheet dale, All differences ale induded in nel outgoing resources. 13-
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng pollcles Iconlinuedl 1.13 Fund accounting Unrestricted funds can be used in accordance wlh the Gharilable objectives al the discielion of the trustees, Rèstricted funLls can only be used for particular reslricled purposes within the objects of the charity. Reslriclions arisé when specified by the donor or when funds are raised for particular fesl¥icled purposes. 1.14 Comparatlves There were no changes in presentation in the current year. Crltlcal accountlng estlmates and ludgements In the application of chafily's accounting pc>liaes, the Trusle8s are requlred to make judg8menls, eslimales and assumptions about the carrying amount of assels and liabilities that are not reaclily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Th& estimates and underfying assumptions are reviawed on an ongoing basis. Revisions lo a¢counling estimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Kèy sources of estimatlon uncertalnty Useful Ilfe of tangible flxed asset5 Management reviews the useful lives and residual values of the items of tangible fix assets on regular basis. During the financial yèar, the Iruslees, delemiined no significant changes in the useful lives and residual values. Impaiment of debtors Management revièws their portfolio of debtors on a regular basis. In delerminlng whether debtors 8re impaired and provision for bad debts is recognised. management makes judgements as lo whether there is any evidence indicating Ihal there 1$ 8 measurable decrease in the 8slimated luture cash flows expected. staff costs accrual The monetary liability for ernploy&es' accrued holidays and management approved bonus al the reporting date is recognised as an expense aGGrual. Donations and legacles Unrestricted Unreslrfcted funds funds 2023 2022 Donations from parents 2,000 7.250 14-
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitablo activities School fees Othgl School Income Totsl 2023 Total 2022 2023 2023 School fees within charitable activities 2,101,713 194,307 2.296,020 2,047,902 Income from investments Unrestrlcted Unrestricted funds funds 2023 2022 Interest receivable 44.872 2,220 Charitable activitiès 2023 2022 Staff costs Depreciation and imp8irmenl School activity costs Direcl charitable costs 1,738.185 1,538.204 8,634 8,634 162,169 113,055 337,094 302.609 2.246,082 1.962,502 Share of support costs {see note 7) Share of governance costs (see note 7) 105,748 10,920 110,318 10,020 2.362,750 2.082.840 t5-
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocated to actlvltles 2023 2022 Legal & prolessional AdminislraliDn Governance costs 13,530 92,218 10,920 13.890 96,428 10,020 116,668 120,338 Analysed between: Charitable aGtivilies 116,668 120,338 Governan Costs indudes payments to the auditors of £10,29012022..£10,0201 for audit fees. Net movement in funds 2023 2022 The net movement in funds is stated after chargingllcrediling}'. Fees payable foi the audit of the charity's financial statements Deptecialion of owned tsngibla fixed assets 10,920 8,634 1 Cl,020 8,634 Trustees None of the TTUStees lor any persons connected with them) received any remuneration or bènèfits from the charity during the year arkd in thè previous year. None of the Trustees {or any persgns connected with them) were reimbursed for expenses from charity during the year and the previous year. 10 Employees The averdge number of employees during the year was.. 2023 Number 2022 Number Teaching staff Adminlstralive staff 41 38 Total 43 38 16-
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employees Icontlnued Employment costs 2023 2022 W8ges and salaries Social security costs Olhei pension costs 1,561,013 120,422 56.750 1,378,541 104,569 55,094 1,738.185 1,538,204 Staff costs include an amount of £371,364 12022.. £357,364) charged by the Agence pour L'Enseignemenl FranGais a L'Elranger {AEFEI for 8 French lea¢hers. The participation payable by Ecole Francaise de Londres Jacques Prevert Ltd lo the AEFE CDnsis15 of annual subscription 160/0 of annual revenue) and Contribution towards teachers, salaries of 50% and teachèrs, London cost of living allowance consist 01100% al the agreed level. The hèad teacher's salaiy is paid by the AEFE snd not recharged lo the Charity. The number of employees whose annual remuneration was more than £60,000 is as follows.. 2023 Number 2022 Number Over £60.000 Remuneration of key management personnel 11 Taxatlon The charity is exempl from corporation tsx on ils charitsble aclivilies. 12 Other galns and losses Unrestrl¢tgd Unrestricted funds funds 2023 2022 Gainsl(lossesl uptsn.. Foreign exchange 11,4331 17-
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Tanglbl8 flxad assets Land and buildings Officè & school equipmont Fixtures & littings CotTrputer software Total Cost Al 1 January 2023 984,078 157.890 8,249 2,695 1,152,912 At 31 December 2023 984,078 157,890 8,249 2,695 1,152,912 Deprgclatlon and impairm&nt At 1 January 2023 Depreciation charged in the year 513,520 8,634 157,890 8,249 2,695 682,354 8,634 Al 31 Dember 2023 522,154 157,890 8,249 2,695 690.988 Carrying amount Al 31 December 2023 461,924 461.924 At 31 December 2022 470,558 470,558 14 Debtors 2023 2022 Amounts falling due wÉthin one year: Trade debtors Olhar debtors Prepayments and accwed income 451,715 31,537 25,255 337.129 11.613 28,351 508,507 377,093 15 Credltors: amounts falllng duè within one year 2023 2022 other taxation and social security Trade creditors other credSlors A¢¢ruals and defeTred income 22,402 65,003 73,667 723.193 21.171 32,288 109.958 662,103 864,265 825.520 16 Creditots- arnounts fallSng due after moro than one year 2023 2022 Other credllors 579.790 557,909
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 16 Creditors: amounts falling due after more than one year (Continued) other creditors is made up of refundable deposi15 received, whlch are payable when Ihe pupil finishes the final year ol the School or when the pupil leaves the school subje¢l lo th8 16rms and conditions beng satisfied. The lolal deposit held by the ¢harily is £655,38612022.. £817,405) of which £75,598 12022.. £59,496) is due within one year. 47 Retirement benef5t schemes 2023 2022 Deflned contrlbutlon schemes Charge lo profil 01 loss in respecl of defined contribution schemes 56,750 55,094 The tharily operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charily in an independently admin151ered fund. 18 Unrestrlcted funds The unrestricted ftjnds of the charity comprise the unexpended balances of donations and grants whi¢h are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have bettn set aside out ol unreslricled funds by the trustees for specific purposes. At 1 January 2023 Incomlng resources Resources expended Gains and losses At31 December 2023 General funds 1,120,142 2,342.892 12,362.750} 1,100,284 Previous y83r.' At 1 January 2022 Incomlng resources Resources expended Galris and losses At31 December 2022 General funds 1,144,177 2,057.372 12,082,840) 1.433 1,120,142 19 Related party transactlons There were no disclosable related party transactions during the year (2022- none). 19-
DoGuSvJn Envelope ID". 68B6Bo63-954441DA47AA39D61A7Do12 ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Cash gènerated from operations 2023 2022 Dèficit for the year 119,8581 125,4681 Adluslmenls for.. Investment income recognised in statement of financial activities Foreign exchange differences Depreciallon and impairment of tangible fixed assets 144,8721 (2,22Ql 1,433 8,634 8,634 Movements in working ¢apilal'. Iln¢ieaselldecroase in debtors Increase in cre(tilors 1131,4141 80,826 411 152,2QO Cash labsorbed byllgenerated from opèratlons 1106.8841 134,990 21 Analysis of changes In net funds The ch8rily had no material debt duiing the year. -20-