Charity registration number 274145 (England and Wales)
Company registration number 01138995
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A W Dick
A R M A Nourry
L Seguier
M Fetu
J Masselot
A Domange
E Caradec
A P Sauty de Chalon
C Tarazi
M A E Duverger
(Appointed 5 January 2025)
C M E Lafaille
(Appointed 11 September 2024)
Secretary
A Quillerou
Charity number (England and Wales)
274145
Company number
01138995
Registered office
59 Brook Green
London
W6 7BE
Auditor
KLSA LLP
Kalamu House
11 Coldbath Square
London
EC1R 5HL
Bankers
HSBC Bank Plc
176 Camden High Street
London
W8 4SH
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
CONTENTS
Page
Trustees' report
1 - 4
Statement of trustees' responsibilities
5
Independent auditor's report
6 - 8
Statement of financial activities
9
Balance sheet
10
Statement of cash flows
11
Notes to the financial statements
12 - 21
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objectives of the school are the advancement of education of boys and girls, and in particular to promote, maintain and conduct, for the benefit of public in the UK, a French school for the nursery and primary education of children, irrespective of the nationality of the children or their parents.

The Trustees have given careful consideration to the Charity Commissions general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging.

We aim to provide a first class education to boys and girls from the ages of 3 to 11 similar to that of a public school in France while at the same time ensuring that the children are able to integrate well into their British surroundings. We seek to provide the benefit of a structured educational environment that develops our pupils' capabilities, competences and skills. We promote the academic, moral and physical development of our pupils through our academic curriculum, pastoral care, sporting and other activities. We provide an educational environment where each student can develop and fulfill his or her potential, building their self-confidence and inculcating a desire to contribute to the wider community. The school is committed to safeguarding and promoting the welfare of our pupils and expects all staff and volunteers to share this commitment.

The school welcomes pupils from all backgrounds and abilities. The school operates in accordance with regulations set by the Agence pour l'Enseignement Francais a l'Etranger (AEFE) and the school's status as an "école conventionnée" provides public benefit. This status enables parents of pupils to receive means-tested bursaries for the full cost of fees. In 2024,1 pupil (2023: 5 pupils) had their fees met by bursaries which in total were for £2,739 (2023: 18,016)


The school did not participate in any fundraising events in 2024.


The school is an equal opportunity organisation and we are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability. We will make reasonable adjustments to meet the needs of staff or pupils who are or become disabled.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Volunteers

The charity did not have any volunteers during the year.

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Achievements and performance
Significant activities and achievements against objectives

Charitable activities
The school is popular among the French community in London as the medium of teaching is mainly in French. The standard of teaching is high and the activities of the school are varied. It has limited its total intake to 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 at the age of 11 gain entry to the French Lycée, the secondary school in London which follows the French curriculum in the secondary education.

The school continued to adopt the various policies regarding Health and Safety, First Aid, Medical Needs, Child protection, Anti-bullying etc. Each of the trustees was given an area to be under his or her responsibility including such areas as Finance, Safeguarding and Human Resources.

Evaluation of the school by Ofsted

The last evaluation by Ofsted took place 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 can achieve. Pupils strive to meet the high expectations that leaders set. Leaders and staff provide strong support for pupils. They think carefully about how to support pupils’ academic and personal development through the curriculum. Educational visits and extra-curricular clubs are a key feature of the school’s work. Clubs organised by parents, carers and leaders include science, tennis, debating and chess.

 

Leaders give reading high priority. The school’s French and English libraries have extensive collections of books. Pupils enjoy borrowing books from both collections. Pupils read stories together outside at break time sitting on cushions. Leaders make sure pupil welfare and safety are prioritised.

 

Pupils are safe and happy. Pupils behave exceptionally well. They are self-disciplined and responsible when moving around the school and highly motivated in class. Teachers foster respectful, nurturing relationships with pupils. Pupils trust and are confident that school staff care about their well-being. Staff sort out any problems, including bullying, should they arise.

 

Leaders and members of the proprietor body understand their statutory responsibilities and meet regularly to check these are met consistently. Members of the proprietor body ensure that the school complies with schedule 10 of the Equality Act 2010 and the independent school standards. Leaders gather feedback from staff in a variety of ways. Teachers value the support they receive from leaders to manage their workload and wellbeing.”

Financial review
Reserves policy

The incoming resources for the year were £2,577,503 (2023: £2,342,892). The resources expended by the school in 2024 were £2,583,002 (2023: £2,362,750) of which the principal component was employment costs of £1,809,926

(2023: £1,745,439) (Note 10). Resources expended were more than incoming resources in 2024, producing a deficit of £5,229 (2023: deficit of £19,858).

 

Reserves policy
The total reserves at the end of the year stood at £1,095,055 (2023: £1,100,284).The trustees have reviewed the Company's need for free reserves and have decided to maintain these for the following reasons:

a) risk of fee income dropping below the level of expenditure
b) recurring expenditure for at least a period of one year

The current policy is to maintain the reserves at approximately the current levels of recurring expenditure.

Major risks

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

The principal risks to which the Charity is exposed are considered to be:

 

Key controls and procedures designed to minimise or manage any potential impact of risks on the Charity include:

 

Plans for future periods

The trustees are looking into development of premises with a view to increase the space for the educational purposes as well as to improve the welfare of the children.

Structure, governance and management

The company was incorporated on 11 October 1973 and was registered with the Charity Commissioners in August 1977. The Company is governed by its Memorandum and Articles of Association and constitutes a limited company, limited 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 during the year were:

M J P Jacqz
(Resigned 30 July 2024)
L Odeh
(Resigned 30 July 2024)
Mr CLP Guiollot
(Resigned 6 January 2025)
A W Dick
A R M A Nourry
L Seguier
M Fetu
J Masselot
A Domange
E Caradec
A P Sauty de Chalon
C Tarazi
M Riera Lamela
(Resigned 3 March 2025)
M A E Duverger
(Appointed 5 January 2025)
C M E Lafaille
(Appointed 11 September 2024)
Recruitment and appointment of trustees

The new trustees are recruited on the basis of recommendation by the existing trustees. Any parent desiring to become a trustee of the Charity may submit to the Charity an application in writing.

 

Every application for appointment shall be considered by the trustees and no applicant shall be admitted unless at least two thirds of the votes cast on the question of his appointment are in favour thereof. No reason for refusal to admit any applicant shall be given.

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -

The Directors are responsible for the overseeing of the risks faced by the School. Risks are identified, assessed and controls established throughout the year. A formal review of the charity's risk management processes is undertaken on a regular basis. Risk is managed under the headings of financial sustainability, school safety, student welfare, employment, school trips and events and community access. Through the risk management processes established for the School, the Directors are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

The Directors who are the charity Trustees for the purpose of the Charities Act 2011 conduct the operations of the charity. The names of the current directors and who held office during the financial year are set out above. Full time employees undertake day to day management running of the school. The Board of Directors meets on average once every two months to discuss the affairs of the Company as a whole.

 

Induction and training of trustees

New trustees undergo an induction to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and the recent financial performance of the charity. As part of the induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

 

Auditor

In accordance with the company's articles, a resolution proposing that KLSA LLP be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

A W Dick
Trustee
26 June 2025
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -

The Trustees, who are also the directors of Ecole Francaise De Londres Jacques Prevert Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the Trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
- 6 -

Opinion

We have audited the financial statements of Ecole Francaise De Londres Jacques Prevert Ltd ('the charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the school's ability to continue as going concern.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
- 7 -
Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the trustees' report; or

-

sufficient accounting records have not been kept; or

-

the financial statements are not in agreement with the accounting records; or

-

we have not received all the information and explanations we require for our audit.

Responsibilities of Trustees

As explained more fully in the statement of trustees' responsibilities, Trustees, who are also the directors of charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

 

In preparing the financial statements, the Trustees are responsible for assessing charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

 

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
- 8 -

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

We communicated identified fraud risks and non-compliance with laws and regulations with those charged with governance, throughout the audit team and remained alert to any indications throughout the audit.

There are inherent limitations in the audit procedures described above; any instance of non-compliance with laws and regulations and fraud which is far removed from transactions reflected in the financial statements would diminish the likelihood of detection. Furthermore, the risk of not detecting a material misstatement due to fraud is greater than the risk of not detecting one resulting from error. Fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through an act of collusion that would mitigate internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditors responsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the Charityʼs trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charityʼs trustees those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charityʼs trustees as a body, for our audit work, for this report, or for the opinions we have formed.

(Senior Statutory Auditor)
For and on behalf of KLSA LLP, Statutory Auditor
Chartered Accountants
Kalamu House
11 Coldbath Square
London
EC1R 5HL
26 June 2025
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
3
-
58,032
58,032
2,000
Charitable activities
4
2,463,519
-
2,463,519
2,296,020

Investments

5
55,952
-
55,952
44,872
Total income
2,519,471
58,032
2,577,503
2,342,892
Expenditure on:
Charitable activities
6
2,524,970
58,032
2,583,002
2,362,750
Net expenditure for the year/
Net outgoing resources
(5,499)
-
(5,499)
(19,858)
Other recognised gains and losses
Other gains or losses
12
270
-
270
-
Net movement in funds
(5,229)
-
(5,229)
(19,858)
Fund balances at 1 January 2024
1,100,284
-
1,100,284
1,120,142
Fund balances at 31 December 2024
1,095,055
-
1,095,055
1,100,284

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
13
453,290
461,924
Current assets
Debtors
14
590,956
508,507
Cash at bank and in hand
1,803,986
1,593,908
2,394,942
2,102,415
Creditors: amounts falling due within one year
15
(1,068,836)
(884,265)
Net current assets
1,326,106
1,218,150
Total assets less current liabilities
1,779,396
1,680,074
Creditors: amounts falling due after more than one year
16
(684,341)
(579,790)
Net assets
1,095,055
1,100,284
Income funds
Unrestricted funds
1,095,055
1,100,284
1,095,055
1,100,284

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 26 June 2025
A W Dick
Trustee
Company Registration No. 01138995
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
21
154,126
(106,884)
Investing activities
Investment income received
55,952
44,872
Net cash generated from investing activities
55,952
44,872
Net cash generated from financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
210,078
(62,012)
Cash and cash equivalents at beginning of year
1,593,908
1,655,920
Cash and cash equivalents at end of year
1,803,986
1,593,908
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
1
Accounting policies
Charity information

Ecole Francaise De Londres Jacques Prevert Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 59 Brook Green, London, W6 7BE.

1.1
Accounting convention

The financial statements have been prepared in accordance with charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).The Charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

In assessing the Charity's ability to continue as a going concern, the trustees have considered the financial position and performance of the Charity.

 

The charity is self-financed through it's operations and is therefore independent of any external financial support.

 

On the basis of this, the trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future.  Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. These financial statements are prepared on the going concern basis.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

1.4
Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Income represents the value including school fees which are recognised as income when the service is due and probable, i.e. at the beginning of each term.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

 

Deferred Income

School fees and registration fees is billed in advance of the oncoming school term and are recognised in the account period to which they relate.

1.5
Resources expended

Expenditure is accounted on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on the basis consistent with the use of resources.

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
2% on cost of the building
Office & school equipment
5 years
Fixtures & fittings
3 years
Computer software
5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

The Charity operates a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

1.12
Foreign exchange
Transactions denominated in foreign currencies are recorded at the rate ruling at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All differences are included in net outgoing resources.
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 14 -
1.13
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
1.14

Comparatives

There were no changes in presentation in the current year.

2
Critical accounting estimates and judgements

In the application of charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily 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.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates 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.

Key sources of estimation uncertainty
Useful life of tangible fixed assets

Management reviews the useful lives and residual values of the items of tangible fixed assets on

a regular basis. During the financial year, the trustees' determined no significant changes in the useful lives

and residual values.

Impairment of debtors

Management reviews their portfolio of debtors on a regular basis. In determining whether debtors are impaired and provision for bad debts is recognised, management makes judgements as to whether there is any evidence indicating that there is a measurable decrease in the estimated future cash flows expected.

Staff costs accrual

The monetary liability for employees' accrued holidays and management approved bonus at the reporting date is recognised as an expense accrual.

3
Donations and legacies
Restricted
Unrestricted
funds
funds
2024
2023
£
£
Donations from parents
58,032
2,000
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
4
Charitable activities
School fees
Other school income

Canteen fees

Administration fees

Books hire income

Sports fees

Total
2024
Total
2023
2024
2024
2024
2024
2024
2024
£
£
£
£
£
£
£
£

School fees within charitable activities

1,817,838
167,764
267,417
55,827
54,662
100,011
2,463,519
2,296,020
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
55,952
44,872
6
Charitable activities
2024
2023
£
£
Staff costs
1,809,926
1,745,439
Depreciation and impairment
8,634
8,634

School activity costs

143,589
162,169

Direct charitable costs

450,626
337,094
2,412,775
2,253,336
Share of support costs (see note 7)
157,429
98,494
Share of governance costs (see note 7)
12,798
10,920
2,583,002
2,362,750
Analysis by fund
Unrestricted funds
2,524,970
2,362,750
Restricted funds
58,032
-
2,583,002
2,362,750
For the year ended 31 December 2023
Unrestricted funds
2,362,750
7
Support costs allocated to activities
2024
2023
£
£
Legal & professional
14,226
13,530
Administration
143,203
84,964
Governance costs
12,798
10,920
170,227
109,414
Analysed between:
Charitable activities
170,227
109,414
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Support costs allocated to activities
(Continued)
- 17 -

Governance costs includes payments to the auditors of £12,798 ( 2023:£10,920) for audit fees.

8
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
12,798
10,920
Depreciation of owned tangible fixed assets
8,634
8,634
9
Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year and in the previous year.

 

None of the Trustees (or any persons connected with them) were reimbursed for expenses from charity during the year and in the previous year.

10
Employees

The average number of employees during the year was:

2024
2023
Number
Number
Teaching staff
47
41
Administrative staff
2
2
Total
49
43
Employment costs
2024
2023
£
£
Wages and salaries
1,628,605
1,568,267
Social security costs
116,164
120,422
Other pension costs
65,157
56,750
1,809,926
1,745,439

Staff costs include an amount of £447,908 (2023: £378,618) charged by the Agence pour L'Enseignement Français à L'Etranger (AEFE) for 8 French teachers. The participation payable by Ecole Francaise de Londres Jacques Prevert Ltd to the AEFE consists of annual subscription (6% of annual revenue) and contribution towards teachers' salaries of 50% and teachers' London cost of living allowance consist of 100% at the agreed level. The head teacher's salary is paid by the AEFE and not recharged to the Charity.

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10
Employees
(Continued)
- 18 -
The number of employees whose annual remuneration was more than £60,000 is as follows:
2024
2023
Number
Number
Over £60,000
3
3
Remuneration of key management personnel
11
Taxation
The charity is exempt from corporation tax on its charitable activities.
12
Other gains and losses
Unrestricted
Unrestricted
funds
funds
2024
2023
Gains/(losses) upon:
£
£
Foreign exchange
(270)
-
13
Tangible fixed assets
Land and buildings
Office & school equipment
Fixtures & fittings
Computer software
Total
£
£
£
£
£
Cost
At 1 January 2024
984,078
157,890
8,249
2,695
1,152,912
At 31 December 2024
984,078
157,890
8,249
2,695
1,152,912
Depreciation and impairment
At 1 January 2024
522,154
157,890
8,249
2,695
690,988
Depreciation charged in the year
8,634
-
-
-
8,634
At 31 December 2024
530,788
157,890
8,249
2,695
699,622
Carrying amount
At 31 December 2024
453,290
-
-
-
453,290
At 31 December 2023
461,924
-
-
-
461,924
ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 19 -
14
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
538,524
451,715
Other debtors
1,401
31,537
Prepayments and accrued income
51,031
25,255
590,956
508,507
15
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
145,883
22,402
Trade creditors
37,910
65,003
Other creditors
100,527
73,667
Accruals and deferred income
784,516
723,193
1,068,836
884,265
16
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
684,341
579,790

Other creditors is made up of refundable deposits received, which are payable when the pupil finishes the final year of the school or when the pupil leaves the school subject to the terms and conditions being satisfied. The total deposit held by the charity is £752,654 (2023: £655,386) of which £68,313 (2023: £75,596) is due within one year.

17
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
65,157
56,750

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 20 -
18
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January 2024
Incoming resources
Resources expended
At 31 December 2024
£
£
£
£
Refurbshment fund
-
58,032
(58,032)
-

The Restricted funds relate to specific donations received from the Parent's association for classroom refurbishments.

19
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January 2024
Incoming resources
Resources expended
Gains and losses
At 31 December 2024
£
£
£
£
£
General funds
1,100,284
2,519,471
(2,524,970)
270
1,095,055
Previous year:
At 1 January 2023
Incoming resources
Resources expended
Gains and losses
At 31 December 2023
£
£
£
£
£
General funds
1,120,142
2,342,892
(2,362,750)
-
1,100,284
20
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

ECOLE FRANCAISE DE LONDRES JACQUES PREVERT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 21 -
21
Cash generated from/(absorbed by) operations
2024
2023
£
£
Deficit for the year
(5,499)
(19,858)
Adjustments for:
Investment income recognised in statement of financial activities
(55,952)
(44,872)
Foreign exchange differences
270
-
Depreciation and impairment of tangible fixed assets
8,634
8,634
Movements in working capital:
(Increase) in debtors
(82,449)
(131,414)
Increase in creditors
289,122
80,626
Cash generated from/(absorbed by) operations
154,126
(106,884)
22
Analysis of changes in net funds

The charity had no material debt during the year.

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