TES Annual Report

FINANCIAL REVIEW AND ACCREDITATIONS

The Taipei European School Foundation (TESF) is a not-for-profit foundation established in 1994 in accordance with Taiwanese Laws and Regulations to provide the children of foreign nationals residing in Taiwan with opportunities to receive accredited international education. TESF has been operating with stable income and expenses, and aims to continue a balanced financial position. In 2024 25, 93% of income was generated from School Fees, with the remainder from government subsidies and other activities. Personnel staffing costs accounted for 74.8% of total expenses, followed by Depreciation at 8.7% and Facility Operations at 8.6%.

Five-year Financial Overview

2024/25 expense allocation

Reserves at the end of 2024/25

Our solid financial standing allows us to build reserves for future projects, including the new Middle School Building at the EPC and ongoing redevelopments at the ESC. TESF is committed to managing the reserved funds responsibly in accordance with the school’s financial policies to ensure the sustainability of the long-term strategic development plan. Independent Auditor’s Report The 2024-25 TES financial statements were audited and concluded by PricewaterhouseCoopers (PwC) with a clean opinion. Accreditations TES reached a significant milestone for the IB Career-related Programme, obtaining authorisation to offer Pearson BTEC Level 2 and Level 3 qualifications in Performing Arts. With the new auditorium completed, this creates an exciting pathway for students with an interest in and aptitude for the performing arts and establishes TES as the first Pearson BTEC Centre in Taiwan. French Section – AEFE Homologation Visit (January 14-15 2026) Primary and Secondary Inspectors from AEFE visited on behalf of the French Ministry of National Education to verify compliance. The resulting report praised the school's high-quality infrastructure, dynamic drive for educational excellence, and strong student-teacher ratio, and was submitted to the Interministerial Commission for Accreditation in Paris for review (June 2026).

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