Registration number.. 06211791 Charity Registration No. 1119423 The Polish Catholic Mission Annual Report and Audited Financial Statements for the Year Ended 31 December 2024
The Polish Catholic Mission Contents Company Information Trustees, Report Independent Auditor's Report 13 Statement of financial activities 16 Balance Sheet 17 Statement of cash flows 18 Notes to the financial statements 19to31 Profit and Loss 32to33
The Polish Catholic Mission Company Information Trustees Rev B Kolodziej Dr M Marzanski Rev R Jaroslawski Rev A Strzepka Rev R Szczodrow5ki Mr M Tomas Mrz Green Mr P Nowicki Mr S 8laszczyk-8rooks Reglstered office 24 Devonia Road London Islington Nl 8JJ Auditor Johnsons, Chartered Accountants 1-2 Craven Road Ealing London W5 2UA
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 2024 The trustees, who are also the directors of the charity for the purposes of the Companies Art 2006, present their report with the financial statements of the charty for the year ended 31 December 2024. The financial statements have been prepared in accordance with the charity's goveming document, the Companies Att 20L% 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 IFRS 102} (effective l January 20191 OBJEcnvES AND AcrivrriES Objertlves and aims Objectives of the Polish Catholic Mission as set out in the Memorandum of Association, and they include: The advancement of the Roman Catholic religion for the Polish Community; The advancement of re1lOuS education for the Polish Community,. The relief of poverty for the Polish Communty: Other charitable purposes which the Trustees judge fr( for the benefit of the Polish Community. Explanation of the CharityAims The primary objective of the Charity is the advancement of the Roman Catholic faith within the Polish Communty. This objertive underpins all activities undertaken by the Charity, which is committed to fostering spiritual growth, supportir religious practice, and addressing the broader needs of the community in alignment with its mission. In furtherance of this objective, the Charity operates through a range of ministries designed to respond to the diverse and evolving requirements of the Polish Community in England and Wales. These ministries aim to provide pastoral care, religious education. and cuttural support while promoting the core values of the Roman Catholic faith. The Charitys activities are undertaken with the utmost diligence and a aligned with its mission to serve the communty in a manner that reflects the teaching and principles of the Church. The Charty endeavours to meet the needs of its beneficiaries wherever possible, within the constraints of its available re50urces. All activities are carried out with due consideration of the current social, cultural, and Spiritual challenges faced by the Polish Community, ensuring the Charity remains responsive and relevant in addressing its mission. This commfcment is a guiding principle for the Trustees as they oversee the work of the Charity and its adherence to its foundational purpose. Explanatlon of the Charity main objective for the year The primary objective of the Charity during the year has been to continue practicing and advancing the Roman Catholic religion wrthin the Polish Community. To facilitate this objective at a local level, the Head OfPl provides comprehen5we support to its operations. This support includes administrative and financial assistsnce, advi from the Gift Aid Officer and on property management. guidance and strategic advi from the Head of Administration, as well as specialised ice from the Marriage Office to ensure compliance with canonical quIrernents for marriage. In 2024. the Polish Catholic Mission remained focused on supporting the Local Polish Catholic Missions by ensuring the effettive implementation of a financial system tailored to the specific activities and requirements of the Charity. This included providing personalised advi and training to local missions to enhance their financial management capabilities and ensure compliance with established procedures. The Charity s efforts reflert its commitment to fostering a cohesNe and sustainable framework for its operations in alignment with its mission and objectives.
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 2024 (continued) Explanation of the Charty Strategies for athieving its ststed objecti The Charty implements a range of financial management software solutions, induding Sage. Thomson Reuter5, Cashbook5, and HMRC RTh, to ensure effertNe financial control and accurate reporting across the Local Polish Catholic Missions. The secure implernentstion of these systems enables precise quarter consolidations and the preparation of detailed financial reports. In accordance with a resolution of the Trustees, these reports have become a mandatory internal requirement and are presented by the Treasurer at Board Meetings to support informed decisionmakIng and ensure financial transparency. The Trustees have du considered the guidan issued by the Charty Commission in determining the scope of the Charivs actwities. They remain committed to Continual enhancing the efficienry and effectiveness of the Charity's financial and operational processes through regular review and improvement, ensuring c¢Jrnpliance with best prdctices and regulatory stsndards. Si8nffKant acti¥itles Finanaal The Finan Director produces the accounts. including the quarter Financial Reports, and oversees the management of the Head Office Payroll. Intemal controls are maintained over Deposf(ed Funds and Internal Loans, as well as the rnanagement of HMRC liabilities. Funding from external sources, including the Ministry of Justice. the PoIh Foreign Ministry. and other institutional entrcies. is atso overseen. The dual authorisation of payments is ensured, along with the accurate preparation of the annual integration and reconciliation of the Charty s consolidated data, thereby safeguarding the integrity of tts financial operations. Volunteer Contribution The number of volunteers across the L¢xal Polish Catholic Mi55ions 15 Collective estimated to be approximately 1.250. On average, these volunteers dedicate a minimum of three hours per week. resulting in a total of approximate 195,CKJO volunteer hours annually. In addition to thi5 core group, there are volunteer Local Polish Catholic Mission Administrative Councils. as well as numerous other indwiduals who contribute their time to support specific events. The Polish Catholic Mission 15 exPtional fortunate that volunteers viewtheir invOeMent as an essential part of their Catholicvocation. Volunteers, alongside the Parochial Church Councils within the Local Polish Catholic Missions, provide inrdluable support tothe Priests and assist in the organis*ion of various ad hoc events facilitated by the Polish Catholic Mission. The Trustees extend theirdeepest gratrcudeforthe tireless contributions ofthesevolunteer5, Wlthoutwhose supportthe Chartywould be unable to fulfil its mission and objectives. Fundralslng The Charity raises funds directly, without engaging professional fundraisers, and is not a member of any regulatory fundraising Scheme. Fundrdising attwitie5 are closely monitored through the review of quarter financial returns submitted by the parishes. Donors have increasingly chosen to process their donations through the Charfcies Aid Foundation ICAFI. CAF provides a plafft)rm that enables donors to contribute via seNice5 such as payroll gwin& direct donations, and Gift Aid management, thereby enhancing the ease and efficienry of processing donations. While membership with CAF is not required to re1ve donations, r( offers a trusted and streamlined rnechanism for donor contributions. The Charity is not Current a member of CAF for the receipt offunds.
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 2024 (continued) Policy l*view The Trustees have du considered their obligations with regard to Safeguardin& Child Protection, and Reporting Serious Inadents, ensuring that appropriate measures are in place to protert vulnerable indwiduals and comply with legal requirements. SEnificant progress has been made in implementing the Investment Strategy, following the recommendations provided in June 2016, with full implementation occurring in August 2017. Additionally, the Trustees adopted comprehensive Money Laundering and Financial Crime Policies in 2022, to safeguard the charty againstfinancial rime and ensure Complian with relevant legislation. To ensure full regulatory Complian and good governance, the Trustee5 are committed to maintsining a comprehenswe and up-to-date policyframework that covers all neSary operational and regulatory areas. This framework includes, but is not limited to, policies related to Financial Management, Cash Handling Procedures. Data Protection, and Health and Safety. The Cash Handling Policy estsblishes clear prOdureS for the receipt, storage, and disbursement of cash to safeguard the charitls assets and ensure accountability in all cash transactions. These policies are periodically reviewed and updated to reflect changes in law5 and regulations. and to support the tharity's ongoing commitment to best practices, operational transparency. and the integrity of tts financial prO55e5. Each poliLry serves to protect the charty by ensuring that all activrties are conducted with the highest level of financial accountability and in compliance with relevant legal requirements. Publlc Benefit The Polish Catholic Mission exists to address the spiritual needs of individuals who profess the Roman Catholic faith and are either born in Poland or have resided in Poland, as well as their Spouses, children, and descendants. It also serves other individuals who identify as part of the Polish Community within England and Wales. In fvlfilling its mission, the Charity artive seeks opportunities forcollaboration wfch other Christian organisations. where appropriate, to fvrther enhance its outreach and service. The Charty's facilities, including churches. church halls. and meeting rooms, are made available to the publicto support its activities and promote community engagement. In the formulation of our objettives for the year and the planning of related activities, the Trustees have given due o)nsideration to the Charity Commission's guidance on public benefit, specifically the document'Public Benefit.. Running a Charty, IPB21, ensuring that our operations align with the principles of public benefit a5 Outlined in the guidance. ACHIEVEMEMfs AND PERFORMAN urItableACtiVitles Outreach work The Polish Catholic Mission is dedlcated to supporting the religious and charitable initiatives undertaken by members of the Polish Communrty. The Polish Priests provide ministry to a wide segment of the general public. with key f(KU5 areas including: Religious education. Social and pastoral woth- Enhanrnent of Anglo-Polish relations within local communitie5,' Providing spiritual guidan and support forfamilies,. Promoting cultural integration and community cohesion; Oanis1ng community outreach programs and charitable events
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 20241continued) These actwities are condutted across 74 Local Polish Catholic Missions and 221 locations where Mass is celebrated in POIh. In 2024, the Polish Catholic Mission was aided by 92 priests. who provided essential ministry and outreach to the community. Regular attendance at Mass and the reading of Scripture are actively encouraged to foster a deeFer understanding of the Christian Faith and to enrich comprehension of God's creative and redernptive work on earth, to which all are called to love one's neighbouras oneself. By leamingfrom pasttrdditions and building on them, thecharity ensures both continuity and adaptabilty for future generations. Requests for Mass in the Polish language continue to be received regular from new areas across England and Wales. Numerous CoregatIOnS respond to requests to open their churth building5 for special services, catering to groups who W7sh to gather in prayer outside of the regular programme. In particular. religious gatherings complementing the work at the L¢xal Polish Catholic Mission level include the annu31 Pentecost and Corpus Christi celebrations at Lixton Hall, as well as the Polish Communty pilgrimagesto the Marian Shrines at Howell in Flintshire. Walsingham in Norfolk, and Aylesford. The Polish Catholic Mission also hosts three major annual events at Laxton Hall.. Children s Day. Fami Day, andyouth Day, with Youth Day organised by the Local Polish Catholic Mission in Slough. These events attrart thousands of participants each year and are vital in fostering unity within the pastordl communty, bringing together families and indNiduals from across the country to lebrate their shared faith and cultural heritage. Special collections are organised throughout the year at all Local Polish CatholFC Mssions to support various charitable needs. such as the HO Land, Peter's Pen, and other designated purpose. The Trustees maintain re8ular cornmunication wsth the Local Polish Catholic Missions and the Priests in Charge through a combination of post, email. phone, site visits, and dIoan meetings. The Trustees wish to formalty acknowledge the unwavering commitment of the Priests, the Local Polish Catholic Mission Administrative Councils, and the Polish Catholic Mission's staff. Their dedication, professionalism, and positive approach are inwdluable and deeply appreciated in the furtheran ofthe tharty's objertNes. Polish Catholic Mission main actiNities for the year 2024 was a remarkable year for the Polish Catholic Mission in England and Wales as it marked the 130th annNersary of its ministry. The main celebrations took pla in October and included a national pilqrimage to the Shrine of Our Lady of Wabingham, followed by a solemn Mass at the parish of Our Lady of Czestochowa and St. C35imir in London. events gathered representatwes of the Polish Bishops, Conferen, clergy of the Mission, the Ambassador of the Republic of Poland. and faithful from across the country. A piano cOnrt held after the Eucharist underlined the unique character of thi£ jubilee celebration. The year was also rich in spiritual and formational events. In May, the Sacrament of Confirmation for youth and adults ds celebrated in London, accompanied by the pilgrimage of the relics of the Blessed Ulma Family. In September, annual clergy retreats were led by Bishop Artur Wazny, bringing together priests serving within the Mission from all parts of England and Wales. Pilgrimages played an important role in the life of the Mission. In June, the faithful took part in a national pilgrimage to the sanctuaries of Howell and Pantssaph under the 8uidance of Bishop Krzysztof Zadarko. In Ortober. as part of the jubilee lebrationS, a large pilgrimage to Walsingham gathered the Polish Catholic communty from all regions. Special attention was also given to families and young people. Laxton Hall hosted a joyful Children s Day and a Fami Festwal dedicated to the Blessed Ulma Family. In JU, the"Youth D, in Slough combined prayer, worship. concerts, and community building, offering a vibrant experience for youn8 members of the Mission. The year concluded with a beautiful Cuural and spiritual hhlight. In December, traditional Polish carols resounded in Westminster Cathedral, bringing together Poles from auoss England and Wales in a celebration that closed the jubilee year ofthe ms1On wtth prayer and song.
The Polish Catholic Mission Trustees, Report for the Year Ended 31 Dernber 2024 (continued) In 2024, the Polish Catholic Mission continues to prioriti5e fostering community spirit and cultural heritage through the organisation of three significant annual events, which serve to unite Polish Communty from across England and Wales. These events are 3 cornerstone of the Mission's pastor31 and social activities, attracting thousands of participants annually: Childrens Day: hosted annualty at Laxton Hall, is an exciting and eagerly awaited event organised by the Polish Catholic Mission. Children from various Polish Saturday Schools and Local Polish Catholic Missions, along with their families, travel to the event by bus orwith their parents. The day is filled with a variety of team-based games and activities desEned to foster teamwork, creativty. and the lebratiOn of Polish cultural heritage. This occasion not only allows the thildren to have fun but also offersthem the opportunityto strengthen theirconnection totheirfaith within a supportive, vibrant communty atmosphere. Fami Day.. Also hosted at Laxton Hall, FamiW Day is an event that gathers families togetherto celebrate shared faith and heritage. This event features various activities for all ages and aims to strengthen InteeneratIOnal bonds within the community, while also promoting a deeper understanding of Catholicvalues. Youth Day.. Organised by the Local Polish Catholic Mission in Slough. Youth Day is a significant event designed to engage young people in both spiritual and cultural artivities. This thre&day event offers a platform for the youth to deepen their faith, develop leadership skills, and build connections with peers in an environment that celebrates Polish identity and Catholic teachings. The event includes communal prayer, inspiring faith tslks. and evangelisation meetings. bringing together young people from Polish parishes across the UK. It serves as an opportunity for spiritual growth, fellowship, and active participation in the Catholic faith. These annually events play a crucial role in the Polish Catholic Mission's pastoral strategy, complementing regular liturgical services and other significant gatherings, such as Pentecost and Corpus Christi Celebratio at Laxton Hall and pilgrimages to shrines in England and Wales. They contribute to the enrichment of the communitrfs faith and the preseNation of Polish cultural identity, aligning Close with the charitable objectives of the Polish Catholic Mission. Pollsh Catholic Mlsslon Arthives The pro of dBitising the archives of the Polish Catholic Mission has continued throughout the year, with snIfiCant progress made in preserving and making acssible the invaluable historical documents and materials that form the foundation of the Mission's legary. Thi5 effort aims to safeguard the rich history of the Polish Catholic community in the United Kingdom, includingthe actwities and milestones of the Mission from its inptiOn. The ongoing digitisation process ensures that these important records, which encompass both religious and cuUral aspects of the Mission's work. are readity available for fvture referen and research. The Polish Catholic Mission Archives provide a comprehensive historical account of the Mission's Influen on the Polish community in England and Wales, documenting key moments in its development and the contributions of Polish clergv and laty to British society. The Trustees remain committed to supporting this important initiative. recognising its role in preserving the cultural heritage of the Polish Catholic community and making it accessible to a broader audience. As part of this effort, we continue to engage wh external experts and collaborators to ensure that the digitisation process adheres to best practices in archiving and digital preseatiOn. This initiatwe will also facilitate greater accessibilty to the archives, offering a valuable resour for both researchers and the general public to gain deeper insight into the Polish Catholic Mission's signtficant contributions to the spiritual and cultural life of the Polish diaspora in the United Kingdom. Asset Management The Trustees continue to re1ve regular pOrtS and updates from the Local Polish Catholic Missions regarding any proposed expenditure over £lO.¢Joo, typicalW relating to the refurbishment of thurch buildings, non<hurch buildings, and halls. Priests are required to seek prior approval from the Trustees for such expenditures, ensuring the Trustees are kept fully informed. The Polish Catholic Mission owns 29 churches and 14 chapels.
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 2024 (continued) FINANCIAL REVIEW nancial position Afinancial summary of the year's resu$ can found in theAccounts settion. The Roman Catholic Churth primari operates through donations received during Mass collettions, Gift Aid contributions. and the Grft Aid Small Donation Scheme. The Charty encourages its priests to engage wtth parishioners, active seeking their support for the maintenance and upkeep of the parish. This 15 an essential aspect of the charty's fundraising efforts, ensuring the sustsinability of tts religious, social, and community Servi5. Through these channels, the Church aims to foster a sense of cornmunal responsibility, allowing parishioners to contribute towards the continued 0ratIOn of the parish and its associated actwities. Reser%*s Polkv It is the policy of the Charty to maintsin unrestrirted fijnds, which have not been designated for specific purposes, at 3 level equwalent to approximately six to tWee months, worth of expenditure. The Trustees lIeVe that maintaining reserves within this range will provide the Charty with the financial stabilty necessary to continue its operations in the event of a significant reduttion in funding. This reserve ensures that the Charity can maintain its current artNf(ies while exploring options for raÉsing addition31 funds. The Reserves Policy is revie¥Ned annualW by the Trustees in conjunction with the approval of the financial statements, ensuringthat it remains aligned with the Charty's financial needs and operational objectwes. Thts review process enables the Trustees to assess the adequacy of the reserves in supporting the Charty's long-term sustsinabilty and the ffilMent of its mission. Investment poliLV afKI objertp The Trustees have reviewed the Charity's funds held as investments and considered new investment opportunities. The objectives are: To ensure a creation of an investment fvnd which is sufficient for the charty to fuffil ts objettives as stated on pa8e l and outlined in the Articles of Association- To maintain, and, if possible, through capital growth, enhance the value of the invested fvnds while they are retsined, giving due and proper consideration to future potential needs.111. To generate an investment income for the furtheran of the Charity's aims. PLANS FOR FUTURE PERIODS The Trustees remain committed to continuing their support for all actNfcies of the Polish Catholic Mission, wfch no anticipated significant changes in the uOrning year. The primary objective of the Trustees is to sustain further the rn155ion's cuent initiative5 and purposes. The Trustees will continue to focus on fu111ng the objectives outlined for the Charity. ensuring the ongoing provision of services and support to the Polish Catholic communty. The Trustees will also maintain their regular review of the Charty s actrvities and operatit)ns, ensuring alignment with both long-tem strategic priorities and immediate communty needs. This approach will ensure the Charity remains resilient and responsive to any challenges, while upholding its mission and commitment to the communty.
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 2024 (continued) STRucfuRE, GOVERNANCE AND MANAGEMENr The Polish Catholic Mission was established in the United Kingdom in 1894 with the primary aim of addfes5ing the pastoral and spiritual needs of Polish-speaking individuals resid1 in England and Wales, whether temporarily or pemianentty. Prior to the estsblishment of the Mission, Polish priests had been serving the Polish émigré community for approximate 50 year5. As the years leading up to the Second World War saw an increasir4g number of Polish nationals establishing cultural and busines5 connections with the United Kingdom. the demand for Polish-speaking clergy rose significantly. This growing need was duly recognised by the Catholic Bishops of England and Wales, who took steps to ensurethat such pastoral care was provided. With the outbreak of the Second World War in 1939, Poland became an ally of the United Kingdom, resultirE in tens of thousands of Polish soldiers, sailors, and airmen arriving in Britain to fight alongside British and Allied forces. Despite the Alliedvictory in Europe in 1945, Poland s independence was not restored. and over 250,000 Polish military personnel and their families, who had been associated with the Polish Armed Forces, chose to remain in the United Kingdom. This decision led to the establishment of substantial Polish communities in towns acTOSS the country. In 1948, the Catholic Bishops of England and Wales entered into an agreement wf(h the Polish Primate, appointing his nominee as Vicar Delegate to oversee the pastoral care of Polish-speaking Roman Catholics throughout England and Wales. In 1952. the Polish Benevolent Fund IRegistration No. 213673} was established under English Charity Law to manage and safe8uard the assets of the Polish Catholic communities. The Fund was administered by a Board of Trustees nominated by the Vicar Delegate. With the introduttion of the Charities Acts of 1960, 1993, and 2006, it became clearthat a more modem and robust legal strutture was necessary to repla the existing Trust Deed of the Polish Benevolent Fund. As a result, the Polish Benevolent Fund ceased 0ratIO on 31 December 27, with all assets and liabilities being transferred to the new incorporated The Polish Catholic Mission, which Official commenced its operations on l January 28. On 8 May 2014, the Catholic Bishops, Conference of England and Wales fomialty approved a revised governan framework, introducing new stnjctures and prOdureS forthe role of the National CoordinatorNicar Oelegate of the Polish Catholic Mission.
The Polish Catholic Mission Tru5tees' Report for the Year Ended 31 December 2024 (continued) Governiry Docjjment The Polish Catholic Mission is a governed by its Memordndum and Artides of Association dated 22 February 2CJJ7. and last updated on 16 November 2021. Trustees The trustees who held office during the year were as follows: Rev B Kolodziej Rev A Strzepka Dr M Marzanski Rev R Jaroslawski Rev R SzczOdroSkl Mrm Tomas MrZGreen Mr P Nowicki- appointed 18 April 2024 The following trustees were appointed after the year end: Mr S Blaszczyk-Brooks- appointed 4 February 2025 The following trustees were resigned after the year end.. Marek Tomas resEned 28th March 2025 Recruftment of Trustees Trustees are recrufced from senior clergy and Suitab qualified and eXperIend lay falihful. The Rector, atso known as the Vicar Delegate of the Polish Catholic Mission, is presented by the Bishops, Conference of Poland and apwinted by the Cardinal Archbishop of Westminster on behalf of the Bishop5 Conference of England and Wales and in accordan wfch the Articles of Association 3.3, he alone appoints and dismi5se5 the Trustees of the Charity. (kganlsational Struth The Trustees bear ulMate responsibiltyforthe governance, policies, artNities. and assets of the Charty. In the year 2024, in fulfilment of theirfiduciary duties, the Trustee5 convened regular meeting5 a5 well as numerous ad hoc meetings. When necessary, they sought professional advice from a range of consultants. including property and employment speaalists, soliators, and auditors. to assist them in executing their responsibilrcies with due diligen. The Rector and Chancellor are tssked with the day-to-day management of the Charity, including oversight of property matters. The Financial Direttor is responsible for the preparation and analysi5 of financial reports, ensuring financial control, and overseeing the Charitls financial management. Alongside the Finance Committee, the Financial Director ensure5 the smooth operation of the financial functions. The Financial Director ts abo responsible to produ the Statutory Financial Statements of the Polish Catholic Mission, in collatoration wtth the appointed auditors. The Rettor, who is responsibleforthe pastotal care of the Charty, Issupported bythe Council of Deans. The Polish Catholic Mission is organtsed into seven Deaneries and comprise5 73 Local Poltsh Catholic Missions across 221 Ications where Mass is celebrated in Polish. The Deans, Priests in Charge, and other clewserving within the Local Polish Catholic Missior are appointed by the Rector. The Priests in Charge invite members of the congregation to join the AdministratNe Councils of the respettive Local Polish Catholic Missions. Underthe established Te5 of Reference, these Administrative Counals are appointed for a fixed term by both the Rector and the Trustees. Additionally, the Cle regularty meet within their deaneries and annualty at the Priests, Retreat, held in September.
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 20241continued) InduLtlon and Trninlng of New Trustees New Trustees are inducted into their roles and responsibilities by the Rettor, who ensures they are ftJ1 briefed on their duties. Upon appointment. Trustees are provided wrth relevant Charity Commission literature, alongside copies of the Trust Deed and the most reont financial documentation, enabling them to familiarise themselves with the 8overnan framework of the Charity. The Treasurer is responsible for preparing, presenting, and providirE detailed explanations of the Financial Reports for the Polish Catholic Mission. These reports are discussed during the regular meetirigs of the Board and are also presented at the conclusion of each financial year. ensuring full transparency and accountability in the Charity's financial management. Relationshlp wlth related parties The Polish Catholic Mission maintains regular communication and collaboration with various well*stablished and emerging charitsble organisations to effectively administer its pastoral care to the Polish community in the United Kingdom. In particular, the Priests in Charge of the Local Polish Catholic Missions provide sEnificant support to numerous Polish Saturday Schools, delivering pastoral care and religious education to the children and families involved. The priests also offer pastoral cat0Veteran and youth organisations, as well asvarious other Catholicgroups, furthersolidfyingthe Mission s Qutreach within the community. In addition, the Polish Catholic Mission works closely with the Catholic Church in England and Wales. participating in shared ministries and utilising common resources, including churches and presbyteries. This partnership reflects the Mission s collaborative efftirts with the wider Church network to serve the Polish community. The Polish Catholic Mission s social work is fijrther enhanced through its collaboration with the Polish Embassy and Consulate. which play5 a critical role in supporting the Polish diaspora in England and Wales. The Mission engages in joint events throughout the year, demonstrating a shared commf(ment to the vlIbeing of the communty. Risk Mana8ement The Charity has corKlucted 3 thorough review of potential risks across Several operational and financial areas, evaluating their possible imparts and implementing Structured actions to mItate the identified risks. The primary areas of focusfor risk management are as follow5: Human Resources and Personnel Rtsk This area include5 reputational risks, employment-related issues, health and safety, the adequary of priest numbers, trustee competency, elder care provisions. and safeguardin8. The Charity has developed a robust framework to mitigate risks, including enhancing the inVoement of13ypersons. artIVe promoting vocations, providing trustees with relevant training materials, ensuring compliance with the Charty Commission guidelines. adhering to regulatory requirements, implementing rigorous staff vetting produre5, and ensuring that newly arrNed priests from Poland receive adequate support from more experienced clew prior to assuming greater responsibilities. Safeguarding Risk The Polish Catholic Mission prioritises 53feguarding wiLhin its operational framework. A designated Safeguarding Representative has been appointed to support the Polish priests, and each Local Polish Catholic Mission has its own Safeguarding Representative. All priests are mandated tocomplywith the Safeguarding Policy set bythe relevant DI0e. ensur1 that safeguarding protocols are followed uniformly. In addition to annual safeguarding training for priests and lay representatives. safeguarding matter5 are regularly reviewed during Di¢xesan and Deanery meetings to maintain high standarcts. io
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 2024 (continued) Propety Risk The Charity has identfied severdl risks associated with the rnaintenance and securty of its property assets, including the risk of property neglert, loss of records, and damage to physical assets. In mitigation, the Charty conducts regular propety assessments, updates inventories, services securty systems, and ensures secure data storage and backups. Furthermore, the Charty maintsins comprehensive insurance cover to protect against ary potential propetty-related losses or damages. Financlal Risk Financial risk management is a crr(ical focus for the Trtee5, and it has been categorised under several key headings.. asset secur'ty, reserves, investment policies, fraud or error, budgetsry control, taxation, and compliance with legal and regulatory requirements. In addressing these financial risk5, the Charity has implemented several precautionary measures, including obtaining professional investrnent advi, conducting performan monitoring, dwersfying investment portfolios. enforcing strict financial controls, setting clear authorisation limits, ensuring compliancewith PAYE, and other taxation regulations. and under8oin8 regular audits to maintain transparency and accountsbilty in financial operations. Remuneration No Director received any remuneration for their role as a Director during the financial year. The Rector and Priests of the Polish Catholic Mission, in their ecclesiastical capacity, receive a fixed stipend and retain the offerings from Mass. stole fees, and special collections forchristmas and Easter, unless theyvoluntarity choose to forgo such payments. Additionally, they are provided with rtain benefits, including accommodation and Iwing expenses, which are covered by the Polish Catholic Mission. Several clergy members, as well as one staff mefflber, also serve as Trustees of the Polish Catholic Mission. The clergy Trustees are both housed and remunerated by the Polish Catholic Mission. All Trustees are reimbursed for expenses incurred in the course of perfomiing theirtrustee duties,. however, no Trustee received any remuneration fortheir role a5 a Trustee during the reporting period. Furthermore. no Trustee held ary beneficial interest in ary contr3Ct entered into with the Charty. Statement of Trustees responsiblllties The trustees, who are also the directors of The Polish Catholic Mission 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 Standard5 (United Kingdom GeneralACCepted Accounting Prarticel. Company Law requires the trustees to prepare financial statements for each financial year whith give a true and fairview of the state of affairs of the tharty and of the incoming reSoUrS and application of resources, including the income and expenditure, of the charitsble compary forthat year. In preparing these financial statements. the trustees are required to: select suitsble accounting policies and then appty them Consistent,. observe the methTrJs and principles in the Charrcie5 SORP,. make judgements and estimatesthat are reasonable and prudent,. and prepare the financial statements ¢Jn thegoing concern basis unless it is inappropriate to presumethatthe charty will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accutaLry at any time the financial position of the charity and enable them to ensure that the financial statements compty with the Companies Act 26. They are also responsible for safeguarding the aets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulartties. li
The Polish Catholic Mission Trustees, Report for the Year Ended 31 December 2024 (continued) Disclosure of informatlon to auditor Each of the trustees has confirmed that there is no information of which they are aware whith 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 infonnation and to establish that the auditor 15 avRre of such infomiation. Approved by the Board on andsigned on its behab¥. Rev B KOlodZ1.... ................................. 12
Independent Auditor's Report to the Trustees of The Polish Catholic Mission Opinion We have audited the financial statements of The Polish Catholic Mission (the 'charty'l for the year ended 31 December 2024 which comprise the Statement of Financial Artivities. the Balance sheet, the Statement of cashflow5, and notes to the financial statements. including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards (United Kingdom General ACpted Accounting Practi1. In our opinion the financial statements: gtve a true and fairview of the state of the diarty s affairs as at 31 December 2024, and of its incoming resources and application of resources, including it5 income and expenditure, forthe yearthen ended. have been property prepared in accordance wrth Untted Kingdom Generally Accepted Accounting Pfactice,. and have been prepared in accordance with the requirements ofthe Companies Act 21J)6. Basis for optnion We conducted our audit in accordance with International Standards on Auditing IUKI (ISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor s responsibilities for the audit of the financial Statements sertion of our report. We are independent of the Compary in accordance with the ethical requirements that a relevant to our audit of the financial statements in the UK, induding the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan wf(h these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriate to provide a basis for our opinion. Conduslons relatlng to 8oln8 concem In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identffied any material uncertainties relating to events or conditions that, indNidually or co11ettive, may cast significant doubt on the charity's ability to continue as a 80ing concem for period of at least tWee months from when the financial statements are authorised for issue. Our re5ponsibilr(ies and the responsibilities of the trustees with respect to going concem are described in the reEevant Sections of this report. Other Infom)ation The other information comprises the information included in the trustee's annual report. other than the financial statements and our audttor s report thereon. The trustees are responsible forthe other information contained wfchin the annual report. Our opinion on the financial 5taternents does not cover the other infomation and, expt to the extent otherwise explicr( stated in our report. we do not express ary form of assurdnce conclusion thereon. In connection wfch our audit of the financial statements, our responsibility is to read the other information and, in doing 50, consider whether the other information is materially inconsistent with the financial staternents or our knowledge obtained in the course of the audr( or otherwise appears to be materially misstated. If we identtfy such material incon51Stencies or apparent material mi5Statements, we are required to determine whether this gives rise to a material misstatement in the financial statements themsefves. If, based on the work have perfomied, we conclude that there Is a material M$tement of this other infomation, we are required to report that fatt. We have nothingto report inthis regard. Opinion on other matters prescribed by Companles kt 2(1)6 In ouropinion, based on thework undertaken in the course ofthe audit.. the infomiation 8Nen in the trustees, report, for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the trustees, report have been prepared in accordance with applicable legal requirements. Matter5 on whith we are required to report by &xception In the light of the knowledge and understsnding of the Compary and its erwironment obtained in the course of the audit, we have not identified material misstatements in the trustees. report. We have nothing to report in respert of the following matters in relation to which the Companies Act 2(6 require5 US to report to you rf. in our opinion.. 13
adequate and proper accounting records have not been kept, or returns adequate for our audtt have not been reiVed from branthes not visited by us,. or the financial statements are not in agreement wf(h the accountirE records and returns- or rtain disclosures of trustees, remuneration specified by law a not made- or we have not received all the information and explanations we require for our audit,. or the trustees. were not entitled to prepare the financial statements in accordance with the small companies regime and take advantsge ofthe small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strate8ic report. Responslbilitles of trustees As explained more fully in the trustees, responsibilities statement on page 11, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and frair view, and for such internal control as the trustees determine is neSSary to enable the preparation of financial statements that are free from material Misstatement, whether due to fraud or etTOr. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going COnrn, disclosing, as applicable. matters related to going cOnM and using thegoing concern basis of accounting unless the trustees either intend to liquidate the charity orto cease operations. or have no realistic altemative but to do so. Auditor's SpOnsIbIlItIeS for the audit of the finandal statements Our objettNes are to obtain reasonable assuran about whether the financial statements as a whole are free from material MStatement. 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 IUKI will alw detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if, indNidually or in the aggregate, they could reasonably be expected to Influen the economic decisions of users taken on the basis of these financial statements. Irregularities, including fTrud. are instsnces of non<ompliance 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.. Emtentto which the alIt was considered capable of detecting Irregularftles Includingfraud We identfy and assess the risks of material misstatement ofthe financial statements. whether due to fraud or error, and then design and rforrn audit procedures responsive to those risks, including obtaining audrt evidence that is sufficient and appropriate to provide a basis for our opinion. Identification and assessment of wtential risks In identifyin8 and assessing potential risks related to irregularities in identfying and assessin8 risks of material misstatement in respect of irregularities, including fraud and non-compliance with law5 and regulations, we conducted.. Mting$ throughout the yearwith those charged with governance: Enquiries of management. including obtaining and reviewing supporting documentation. concerning the charity's material policies and PredureS relating to.. identifying. evaluating and compIng with laws and regulations and whether they were aware of any instances of non-complian relating to the deterting and responding to the risks of fraud and whether they have knowledge of any attu31, suspected or alleged fraud,. and the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations: Our revie$ of the charitable company s remuneration policies and bonus levels: Our assessment of any material transartions with related parties and key irKlividuals; and Discussions arnong the engagement team regarding how and where fraud mEht occur in the financial statements and ary potential indicators of fraud. The engagement team includes the Audit Director and staff who have extensive experien of working with charities in the same sectors as the charity, and this experien was relevant to the discussion about where fraud risk5 may arise. Risks arisingfrom legal and regula framewi We are 3150 required to perform specific pr(Kedures to respond to the risk of management override. We also obtsined an understsnding of the legal and regulatory frameworks in which the charity operates. focusing on provisions of those areas that had a dirett effect on the determination of material amounts and disclosures in the finanaal statements. 14
We did not identfy ary material audit matters related to the potential risk of fraud or non<ompliance wrch law5 and regulations from our work= Reviewing management override of control5,' Testing the appropriateness of joumal entries and other accounting adjustments,. Assessing whetherthe judgements made in making accounting estimates are indicatNe of a potential bias; and Evaluating the business rationale of ary significant transartions that are unusual or outside the nomial course of business. We also communicated our assessment of the relerdnt la* and regulations and potential fraud risks to all engagement team members including internal specialists and significant component audit teams and remained alert to any indications of fraud or non<offlplIan wfch laws and regulations throughout the audit. Eecause of the inherent limitations of an audr¢, there is a risk that we will not detect all Iegularr[les, including those leading to a material misstatement in the financial statements or non<ompliance with regulation. This risk increases the rnore that Complian wlth a law or regulation is removed from the events and trdnsactions reflected in the financial statements, as we will be less like to become aware of instance5 of non<ompliance. The risk is also greater regarding irregularfties occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A fijrther description of our responsibilities is available on the Financial Reporting Council's website at.. htt www.frc.o Our-wor Audit Audit-and-assurance Stsndards-and uidance Stsndards-and uidance-for- auditors Auditor5-res onsibilities-for-audit Descri tion-of-auditors-res onsibilities-for-audrt.as . This description forms part ofourauditors report. We communicate with those charged with governance regardin& among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficienaes in internal control that we identfy during our audit. Use of Ir report This report is made Sole to the charty's trustees, as a boty, in accordan wf(h Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company s members those matters we are required to state them in an auditor s report and for no other purpose. To the fullest extent permitted by the law, we do not accept or assume responsibility to anyone other than the charf(able compary and the charitable comparfs members as a body, for our audit work, forthis report, or forthe opinions we have fomed. J Stuart Thomson Iseniorstatutory Auditor} for and on behalf ofjohnsons. Chartered Accountsnts Statutory Auditor Ground Floor 1- 2 Craven Road Ea118 London 15
The Polish Catholic Mission Balance Sheet as at 31 December 2024 Note 2024 2023 Flxed assets Tangible assets io 11,698,391 11,695,756 Investment properties li 5,187,000 5,046, 167 16,885,391 16,741,923 Current assets Debtors 12 189,762 138,829 Current a55et investments 13 1,346,660 1,263,517 Cash at bank and in hand 14 3,753,755 3,963,011 5,290,177 5,365,357 Creditors: Amounts falling due within one year 15 1172,426 1256,4421 Net current assets 5,117,751 5,108,915 Total assets less current Ilablllties 22,003.142 21,850,838 Creditor5: Amounts falling due after more than one year 15 1169,858) 1204,0491 Net assets 21,833,284 21,646,789 Income funds Restricted funds Unrestricted funds.. 19 548,844 561,440 General unrestricted funds 21,284,440 21,085,349 21,833,284 21,646,789 These fi'nancial statements have been prepared in accordance with the provisions applicable to companies Subject to the small companie5 regime. The financial statements were approved by the Trustees on and signed on its behalf by.. Rev B Kolodziej. The notes on pages 19 to 31 form part of these financial 5taternents. 17
The Polish Catholic Mission Statement of Cash Flows for the year ended 31 December 2024 2024 2023 Note Cash flows from operating activities Cash lused inl/ generated from operations 20 11,514,049) 471,118 Cash flows from investing activities Purchase of freehold property 1311,0281 11,560,615) Proceeds on disposal of tangible fixed assets 760,000 99,000 Novia cash movement Inetting of charges). 16,163} Withdrawal of Novia investments to bank account 1,011,467 Investment income received 33,233 191.217 Rental income 828,751 667,954 Net cash from investing activities 1.304,793 409,023 Cash flow from financing activities Repayments of loans by related parties 53.171 Net cash from financing activities 53.171 Net Idecreasel/increase in cash and cash equivalents 1209,256) 933,312 Cash and cash equivalent at beginning of year 3.963,011 3,029,699 Cash and cash equlvalent at end of year 3,753.755 3,963,011 The note5 on pages 19 to 31 form part of these financial statements. 18
The Polish Catholic Mission Notes to the financial statements for the year ended 31 December 2024 l General informatlon Polish Catholic Mission I'the charity" or "the Company") is registered with the Charity Commission for England & Wales with the registered charity num ber 1119423. Polish Catholic Mission is a Private Limited Company by guarantee without share capital use of'Limited' exemption with the Company number 06211791. The registered address is 2 Devonia Road, London, Islington, Nl 8JJ. 2 Accounting pollcles Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Basls of preparatlon of financial statements These financial statements have been prepared using the historica I cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The linancial statements of the charity in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the entity and rounded to the nearest £. Golng concern The trustees have assessed that the use of the going concern basis 15 appropriate. As part of their assessment, no possible events or conditions have been identified that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements, with the trustees, in particular. taking into consideration the latest available cash balances for the charity and any pressures specifically relating to capital commitments. The Trustees also consider that any future spending including for charitable acknvitie5 will be limited to the extent of surplus cash balances after making payrnents for goods and services received in that period. After taking into account these considerations, the charity has cash funds of £3.753.755, current asset investments of£l,346,660 as at 31 December 2024 and cash funds of £4,198,304, current asset investments of th £1.390.699as at 5 July 2025. the trustees have concluded that there is a reasonable expectation that the charitv ha5 adequate resources to continue in operational existence for the foreseeable future. As such the charity is expected to be able to meet its liabilities as they fall due in the period of at least 12 months from the date of approval of these accounts. On thi5 basi5, the trustee5 have concluded that the charity is a going concern. Revenue recognition All income is recognised in the Statement of Financial Activities I'SOFA") once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliablv. 19
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 Incomefrom grants ond donot70ns Donations and grants are recognised when they have been communicated and received in writing with notifi'cation of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met or the fulfilment of those condition5 is wholly within the control of the charity and it is probable that those condition5 will be fulfilled in the reportin8 period. Interest income Interest is recognised using the effective interest method and is recognised in statement of financial attivities. Dividend income Dividend income is recognised when the Charity has the right to receive payment and that the dividend amount can be measured reliably. Rental income Rentals received in relation to investment properties are credited to the state of financial activitie5 Other income Other income primarily represents proceeds from sale of assets and income from parking receipts. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under heading5 that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Irrecoverable VAT is charged against the category of expenditure for which it was incurred. Tanglble assets Tangible asset5 are stated in the balance Sheet at cost. less any subsequent accurnulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Mixed used properties The charity holds properties which are used for mixed purposes. The primary use relates to the charity's main activities, including masses and Catholic event5 Wlthin the Polish Catholic Mission. The properties are also used for wider community purposes, such as Polish schools. cultural clubs, and community meetings. and may generate income through lettings or other activities. The costs and income associated with these properties are allocated in line with their charitable and non-charitable use. Capital Work in Progress Capital Work in Progres5 {CWIP) represents the cost of tangible and intangible assets that are under construction, development, or otherwise not yet ready for their intended use. All expenditures directly attributable to bringing the asset to its working condition for its intended purpose are capitalised, including materials. labour, and overheads directly related to the project. CWIP is recorded at cost and is not depreciated 20
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 until the asset is complete and available for use. Upon completion, the asset IS transferred from CWI P to the relevant fi'xed asset category and depreciated in accordance with the entity's depreciation policy. Regular reviews are performed to ensure the accuracy of capitalisation, and any impairment losses are recognised immediately in the financial statements. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Church buildings- 27 to 95 years (average 70 years) Freehold land and buildings- 26 to 95 years laverage 60 year51 Leasehold land and buildings- Over the life of the lease Fixtures & Fith'ngs- 10% Motor Vehicle- 10% Investment property Investment property is carried at fair value, based on current market prices for comparable real estate and determined using the nationwide price index. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recogni5ed in statement of h'nancial activitr"es. Investments Listed investments are initially measured at transaction price and subsequently measured at the market value at the reporting date. with changes in the market value being recognised in the statement of financial activitie5. Social investments consist of concessionary loans and are initially recognised and measured at the amount paid, with the carrying amount adjusted in subsequent years to reflect repayments and any accrued interest and adjusted if necessary for any impairment. Cash and cash equivalents Cash and cash equivalent5 comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtor5 are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest rnethod, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade credltors Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified a5 current liabilities if the company doe5 not have an unconditional right. at the end of the reporting period, to defer settlement of the creditor for at least twelve 21
The Polish Catholic Mission Notes to the financial statements {continued) for the year ended 31 December 2024 months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recogni5ed initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Defined contrlbution penslon obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructr've obligation to pay further contributions even if the fund does not hold suffi'cient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benelit expense when they are due. If contribution payments exceed the contribution due for Service. the excess is recognised as a prepayment. Financial instruments Polish Catholic Mission only has financial asset5 and financial liabilities of a kind that qualify as basic fi'nancial instruments. The charity does not acquire, or use put options. derivatives or other complex financial instruments. Basic financial instruments are initially recognised at the transaction price unless the arrangement constitutes a fi'nancing transaction where it is recognised at the present value of the future payments discounted at market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are initially reco8nised at fair value, unless payment for an asset is deferred beyond normal business terms or linanced at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment Ios5 is recogni5ed in the profi't or less immediately. Any reversals of impairment are recognised in the statement of financial activities immediately, to the extent that the reversal does not result in a carrying amount of the linancial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Crltical accounting estimates and judgements In the application of the 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 a550ciated 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 ongoing basis. Revisionsto 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 period5 where the revision affects both current and future periods. Investment properties The Trustees performed valuation of investment propertie5 on an open market value basis (which is considered to be a true reflection of thefairvaluel by referenceto the market conditions and market evidence oftransaction prices for similar properties. 22
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 3 Income and endowments The analysis of the company's revenue for the year from continuing operations is as follows.. 2024 2023 Donations and legacies Charitable activities Investment incorne Other income 5,233,439 590,850 856,356 819,015 7,499,660 5,359,061 826,046 859,171 170.757 7,215,035 Donations and legacies represent the income received from offertories (gift aid and non-gift aid), donations (gift aid and non-gift aid), legacies Iwilll and tax refunds. Charitable activities represent income received from charitable events organised during the current year. During the year, income from charitable activities include an amount of £184,537 (designated fund) received for specifi purposes12023'. £438,691) which was spent by the charity in f ull during the year. Investment income represent income from dividends and rent from investment properties. Other income represent gain on disposal of asset and income from parking facilities. 4 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Head Office Local Mission Total li Iz 2024 2023 Wages and salaries Social security Other pension costs 327,263 16,793 3.907 347,963 256,735 17,461 3,052 277,248 There were no employees whose annual remuneration was £60,000 or more. 23
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 5 Expenditure The analysis ofthe company'5 expenditure for the year from continuing operations 15 as follows.. 2024 2023 Pastoral work Church related activities Outreach and events Special projects and giving Other expenses Finance charges and interest 4,921,892 1,561,010 54,953 90.058 814,457 88,608 3,697,643 1,479,982 17,522 113,850 832,622 7,530,978 6,141,619 Pastoral work includes £12.59612023'. £13,743) incurred by the charity from the restricted funds. Other expenses include expenses incurred by charity amounting to £184.537 (designated fundl12023: £438,691) towards specific purposes for which grants are received subsequently. The grants received is reco8nised a5 income in the statement of financial activities. 6 Net galnsl{losses) on investments 2024 2023 Gain on current asset investment 76.980 38,893 Revaluation gain/ (Loss) on investment properties 140.833 (157,7051 217,813 (118,812} 7 Depreciation expense 2024 2023 Depreciation expense 311.484 295,143 24
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 8 Trustees During the year one or more Trustees have been paid remuneration from an employment with or service provided to the charitable company. This remuneration was paid for additional services provided to the charitable company not for those of being a Trustee. There are no other key management personnel other than Trustees. Rev B Kotodziej received a stipend of £27,60012023.' £11,75413nd Rev A Strzepka received a stipend of £22,800 12023.. £17,487). Rev B Kotodziej received expenses reimbursed of £4,48412023'. £ 26191 and Rev A Strzepka received expenses reimbursed of £2,16412023- £ 2441}. 9 Auditors, remuneration The analysis of auditor's remuneration is as follows. 2024 2023 Fees payable to the charity's audltor and assoclates Audit of the financial statements 27,OC(I 25,000 25
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 10 Tangible assets Freehold property Leasehold property Flxtures and fittings Motor veh5cles Total Cost At l January 2024 Additions Disposals At 31 December 2024 16,382,236 307,000 (27,5101 16.661,726 391,590 474.500 17,248,326 331.388 127,5101 17.552,204 24,388 391,590 474.500 24,388 Depreclation and Impairment At l January 2024 Current year Depreciation Disposa15 At 31 December 2024 5,137.701 288,646 59.769 898 355,100 19,501 5,552,570 311.484 2,439 {10,2411 5,416,106 110,2411 5,853.813 60.667 374,601 2,439 Carrying Value At 31 December 2024 11,245,620 11,244,535 330,923 331,821 99,899 119.400 21,949 11,698,391 11,695,756 At 31 December 2023 Included within the net book value of land and buildings is an amount of £6,333.63512023 - £6,233,252) in respect of freehold buildings property. On 29th November 2024, the charity sold freehold property118 Kedleston Road, Derby DE22 IGUI with cost of £27,510 and accumulated depreciation of £10.241 for £760,000.00. Total cost incurred to sell the property was £12,887. A gain of £729.844 15 included in the statement of financial activities. On 19th May 2024. the charity acquired freehold property {13 Evington Mews Evington Leicester LE5 6DPI with cost of £307,000. On 27th June 2024, the charity acquired a car with c05t of £24,388. 26
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 11 Investment properties 2024 At l January 2024 Fair value adjustments At 31 December 2024 5,046,167 140,833 5,187,0 The fair values of the investment properties have been arrived on the basis of valuations carried out on 3 1st December 2024 by management. All valuations were made on an open market value basis (which is considered to be a true reflection of the fair value) by reference to the market conditions and market evidence of transaction prices for similar properties. 12 .'Debtors 2024 2023 Trade debtors Other debtors Prepayments Accrued income 46,000 22,500 112,856 8,406 189,762 22.400 102.395 14,034 138,829 13 Current asset investments 2024 2023 Investrnents 1.346,660 1,263,517 Movement In current asset Investments 2024 Valuatlon At ljanuary 2024 Cash Movement Novia Charges Gain on revaluation At 31 December 2024 1.263,517 26,970 120,807) 76,980 1,346,660 27
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 14 Cash and cash equlvalents 2024 2023 Cash at bank Cash in hand Short-term deposits Cash balance with investment managers 2.883.713 3,673,171 100.745 140,000 49,095 3,963,011 847,916 22.126 3,753,755 There was no cash in hand during theyear ended 2024. The prioryearfs cash in hand represented donations that were not banked before the year end on 31 December 2023, as the last day of the year fell on a Sunday. These amount5 were subsequently deposited into the charity's bank account immediately upon receipt. 15 Credltors 2024 2023 Creditors: Amounts fallln8 due within one year Loans and borrowings Trade creditors Social security and other taxes Other payables Accruals 2,551 2,251 10,272 58, 108 99,244 172,426 8,153 153,958 94,331 256,442 Other payables primarily represent the amounts collected by charity for specific purpose through special events at local parishes1£48,1081 and the Parishes in Need funds l£lO,0001. Creditors: Amounts failin8 due after more than one year Loans and borrowings (Hire Purchase) Other payables 17.809 152.049 169,858 204.049 204,049 Loans and borrowings (Hire Purchase) is related to the hire purchase liability for the car purchased during the year to disburse charitvs objectives.. The amount of £152,049 was received from the Mary Immaculate Organisation for investment purposes. 16 Pension and other schemes Defined contribution pension scheme The charity operates a defi'ned contribution pension scheme. The pension cost charge for the year represents contributions paid by the charity amounting to £3,90712023'. £3,052). 28
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 17 Related party transactions The control of PCM Housing Association Limited IHALI is closely related to the charity and office5 are shared. In ddition, the majority of the Trustees of the charity are Directors of PCM HAL. The transactions during the year between the two consist of the following= An annual donation from PCM HAL to the charity of £24.00012023.. £24,01. The part reimbursement of accountancy fees of £IO,00012023.. £10.0001. An annual rental fee of £12,00012023- £12,OCQI from PCM HAL to the charity in respect of the shared head office. 18 Events after the reportlng date There are no material subsequent events that require adjustments or disclosure in the financial statements. 19 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes- Movement in fund5 Resources Incoming expended resources Balance at l January 2024 Balance at 31 December 2024 Professor Zych fund 48, 198 (1,0961 47.102 MB Grabowski fund 513,242 111,5001 501,742 561,440 112,596) 548,844 The purpose of the Professor Zych Fund is to help the propagation of the devotion of Jesus to the Merciful. The MB Grabowski Fund represents the investment portfolio and cash re50urce5 in relation to the previously separate registered charity number 270110. The fund is required to be treated as restricted, following a Uniting Direction from the Charity Commission of 20 July 2007. A thorough analysis of the linancial movements in the Fund is produced and approved by the trustees. 29
The Polish Catholic Mission Notes to the financial statements (continued} for the year ended 31 December 2024 20 Cash generated from operations 2024 2023 Surplus for the year 186,495 954,604 Adjustments for: Investments income recognised in statement of financial statements 1828,751) 1859,1711 Gain on disposal of tangible fixed assets 1742,730} 189,0001 Gain on revaluation of Novia investments 176,980} (38,8931 Gain on fair valuation of investment properties 1140,8331 157,705 Depreciation of tangible fixed assets 311.483 295,143 Dividend income 127,6051 Movements In working capttal: Decrease Ilncrea5el in debtors 156,5611 13,560 Increase (Decrease) in creditors 1138.5671 37.170 Cash generated from/lusedl In operations 11,514.049) 471,118 30
The Polish Catholic Mission Notes to the financial statements (continued) for the year ended 31 December 2024 21 Analysis of net assets between funds Unrestricted fund5 Restricted funds Total Unrestrirted funds Restrlrted funds Total 2024 2024 2024 2023 2023 2023 Funds balance at year-end are represented by Tangible assets Investment propeites Current assetsllliabilitie51 Long term 11,698,391 11,698,391 11,695,756 11,695,756 5,187,000 5,187,000 5,046.167 5.046,167 4,568,907 548,844 5,117,751 4,547,475 561,440 5,108,915 1169,858 1169,8581 1204.0491 1204,0491 21,284,440 548.844 21,833,284 21,085,349 561,440 21,646,789 22 Analysi5 of changes in netfunds Atol January 2024 Cashflows Fair value movements At 31 December 2024 Cash at bank and in hand Liquid investments 3,963.011 1209.256} 3,753,755 1.263.517 6,163 76,980 1,346,660 5,2Z6,528 {203,0931 76,980 5,1(Kl,415 31
The Polish Catholic Mission Profit and loss for the year ended 31 December 2024 2024 2023 Turnover/revenue 7,499,660 7.215,035 Total turnoverlrevenue 7,499,660 7,215.035 Cost of sales Pastoral work 15.005.623} {3,697,644} Church related activities 11.561.010) 11,479,983) Outreach and events 154,9541 117,5211 Special projècts and giving 190,0581 {113.8511 Total Cost of sales {6,711,645) 15.308,999) Gross profit 788,015 1.906,036 Administrative expenses Audit and accountancy audit costs 127,0001 129,7501 Audit and accountancy other services 111,8751 119,2501 Advertising, promotions and marketing costs 16361 14411 Utilities costs 16,7321 14,9131 Other repairs and maintenance costs 112,4731 1106,1661 Cleaning costs 11,7171 11.539} Depreciation of property, plant and equipment 1311.4841 {295,1431 Vehicle costs 13,280} Wages and salarie5 excluding directors 1229.614) {151,0471 Social security costs excluding directors (16.7931 117,461) Pension costs defined contribution schemes excluding directors {3,9071 13,052} 32
Travel and subsistence {13,5001 {8.4921 Training 13,6541 12701 Legal and professional costs {35.1601 115,7201 Bank charges {20.8081 1139.8611 Insurance costs {11.9551 112,1581 IT and computing 15,9171 17,0761 Telecommunications {5,0921 11,1511 Printing, postage and stationery {1,0461 110.2821 Subscriptions (6351 12601 Other costs {7,4471 18,5881 Operatlng profit 57,290 1.073,416 Revaluation gain from other investrnent 76,980 38,893 Gain/ (Lossl from fair value adjustment of investment property 140,833 1157,7051 Profit on ordinary activities before finance charges and interest 275,103 954,604 Foreign exchange loss included in finance income 16541 Finance charges and interest 186,8081 Interest expense on obligation5 under finance leases and hire purchase contracts 11,1461 Profit for the financial year 186,495 954,604 33