Charity numbgr: 1159980
THE POLISH EDUCATIONAL SOCIETY
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE POLISH EDUCATIONAL SOCIETY
CONTENTS
Page
Referen¢e and administrative details of the Charity, its Tntstees and advisèrs
Trustees. rgport
Independent examlnerfs report
Statement of flnancial activities
Balance sheet
Nots$ tothe financial ststements
9-21

THE POUSH EDUCATIONAL SOCIETY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
E&biets Barrass, Chairperson
Aleksandra Podhorodecka. Honorary president
Malgorzata Laso¢ka, Vice chairperson
Halina Slochniol. Wice chairperson
Anlonina Ma¢howska, Vice chairperson
Krystyna Olliffe (resigned 23 February 2023}
Teresa Gorski
Aleksandra Ferrara
Marek Jakubowski (resigned 23 February 20231
Ka10￿yna Kowalozyk
Joanna Mechelewska
Dorota Chmielewska
Minka Dyszynska- Bonnage {resigned 23 February 20231
Renala Rams
Magdalena 8ialecka (appointed 23 February 20231
Darie Wilkinson (appointed 23 February 2023}
Magdalena Kosin lappointed 23 February 2023, resigned 3 March 20231
Marcin Rudzki lappoinled 23 Febru?ry 2023, resigned 3 March 20231
Charity registered
number
1159980
Principal office
238-246 King Street
London
W6 ORF
Accountants
Feltons
Chartered Accountants
1 The Green
London
TW9 1PL
Page 1

THE POUSH EDUCATIONAL SOCIETY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees presènt their annual report together WEth the financial slalements of the Charity for the 1 January
2023 to 31 December 2023.
Objectives and activities
Policies and objectives
The charity's PLtrposè is lo advance the education of youn9 persons in the Unlled Kingdom an¢J elsewhere in the
Pollsh language, history, culture and Iradttsons.
The charity also uses the nsmès Polish Educational Society and Polska Macietz Szkolna Zagranica (PESI.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit- running a
¢hatity IPB2}'.
b. Activities undertaken to achieve objectives
Income is largely derived from donalians and legacies from various sponsors such as indimduals and
oiganisations lo help PES facilitates their objectives to help young persons and teache￿ improve their
education capabilities. The charity also receive income fmm setting up èxaminations and publishing educational
materials.
c. Maln activities undertakèn to further the Charity's purposes for the public benefit
The Trustees have referred to the guidance contained in the Charity Commission's general guidan￿ on public
benefrt when reviewing the aims and objective5 of the charity and in planning its future activities. The main
aetivitl8s undertaken are Sel out below..
The principal aGtivilie5 of the society throughout the year continued lo be that of the publishing and saie of
educational aids. the organi5alion of conferences, the administration of courses and examin8tions, the
dissemination of educational m8terial to schools ond cenlres of education.
The charty is active in assisting Polish Supplementary Schools throughout England. in organising wnferences
for teachers, and supplying t&aching and related materials as well as organising public examinations for
students in th& Polish language.
Achlevements and perfomiance
Flnancial reviow
a. Golng concern
After making appropriate enqviri8s, the Trustees have a reasonable expeetstion that the Charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial statements
Page 2

THE POLISH EDUCATIONAL SOGIETY
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
b. Re5erve$ policy
The charity enjoy5 a wmftsrtable level of reserves, in excess of more than 2 years, commitment of exp6nditure
on eharilable activili8s. The level of 'free' reserves remains under review.
Free reserves ¢ompTise of total unrestricted funds, excluding fixed assets. that are freely available lo use
ogainsl any type of the charity's activities. As at 31 December 2023, the freè unrestricted funds stood 8t
Z529,42412022'. £476,296).
Financial overview
The nel surplus for the year was £52,034 {2023 nel deficit of £105,083> and the net assets currently sland al
£535,58412022 - £483,550).
Structurei governance and management
a. Conststution
The charty w£$ registered with the charity eomrnission on 1159980 as a Chsritable Incorporated Organisation
on 1$ January 2015 and took over the activities of another charity, Polish Educational Society
number 298254- on 24 March 2016.
registered
The assets and Ilabilities of PMS Bookshop Limited were transferred to the Charity on 1 April 2019 and the
¢harity carried on this 8CtNity after this date.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibilty of the Trustees who are elected and Coryopled under tho
lemis of the Trust deed.
Page 3

THE POLISH EDUCATIONAL SOCIETY
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Statemènt of Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial Statements in a¢¢ordance with
applicable law and United Kingdom A¢counling Standards (United Kingdom Generalty A¢￿pIed Accounting
Praeticel.
The law applicable lo Charitiès in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and f3ir view of the state of affairs of the Chaty and of Ics incoming resourGes
and application of resources, including ils income and expenditure, for that period. In preparing these financi81
slolemenls, the Trustees are required lo_'
select suitable accounting policies and then app￿ them consi$tently-
observe the methods and principles of the Charities SORP IFRS 1021..
make judgments and aecounting estimates that are reasonable and prudent..
state whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unl8s$ il is inappropriate to presijme that tho
Charity will continue in business.
Th8 Trustees are responslble for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports} Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking r￿SOnable steps for th8 prevention and detection of
fraud and other irregularities.
Approved
by
order
the
m&mbers
of
the
board
and signed on their behalf by..
Trustees
on
25110124
Elzbieta Barrass
(Chair of Trustees)
Antonina Ma¢howska
Ivice chairper50nl
Pagè 4

THE POUSH EDUCATIONAL SOCIETY
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent Examinerfs Report to the Trustees of The Polish Educational Society I'the Charty'l
I report lo the eharity Trustees on my examination of the accounts of the Chartty for the year ended 31
December 2023.
Responsibilities and Basis of Report
As th& Trustees of the Charity you are responsible for the preparation of the a¢¢ounts in accordanc? with the
requirements of the Charities Act 2011 I'lhe 2011 Acl'l.
I report in respect of my examination of the Charity's accounts carried out under sedion 145 of the 2011 Act and
in carying out my examination I have followed the applicable Directions given by the Charity Commission under
section 1451Sllbl of the 2011 Act.
Indèpendent Examinerfs Statsment
Since the Charity's gross incomé exceeded £2SO,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confimi that l am qualified lo undertake the examination because l am a member
of the Institutè of ChartereLI Accountants in England and Wales, which is one ofthe li8led bodies.
Your attention is drawn lo the fact that the Charity has prepared the accounts in accordance with Accounting
and Reporting by Charities.. Statem¥nt of Recommended PractiGe applicable to charities preparing their
accounts in accordance with the Financial R&porting Standard applicable in the UK and Republic of Ireland
IFRS 1021 in preference lo the AcGounting and Reporting by Charities.. Statement of Recommended Practice
issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
l und&rstand that this has been done in Drder for the accounts lo provide a true and fsir view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2G115.
I have completed my examination. I confim that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by sedion 130 of the 2011 Act,. or
the a¢counts do not accord with those records. or
the accounts do not comply w(th the applicable requirements conceming the fom) and content of
accounts sel out in thè Charities {Accounts and Reports) Regulations 2008 other than any requirement
that the accounts giv8 a 'true and fai¢ view which is not 8 matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
r8a¢hed.
This report is made solely lo the Charity's Tfustees. as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Charity's
Trustees those matters l am required lo st8te lo them in an Independont examiner's report and for no other
purpose. To the fullest extent permitted by law, I do not a¢¢epl or assume responsibility lo anyone other than
the Charity and the Charty's Trustees as a body, for my work or for this report.
Page 5

THE POUSH EDUCATIONAL SOCIETY
INDEPENDENT EXAMINER'S REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Signed..
Dated: Ig
Dave Alesbury
Chartered Accountant
Feltons
Chartered A¢wunlants
1 The Green
London
TW9 1PL
Page 6

THE POLISH EDUCATIONAL SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrlcted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donation5 and legacies
Charitsble activities
Other trading activities
Investments
134.028
123.149
157,S51
91
134,028
123.149
157,551
91
4T,142
106, T96
135,058
Total income
414,819
414,819
289,049
Expenditure on:
Raising funds
Charitable activities
119,069
268,246
119,069
268,246
144, f25
214,083
Total expenditure
387,315
387,315
358,208
Net Incomellexpenditure) before net gainslllossesl
on investments
Net gainsl(lossesl on investments
27,504
24,530
27,504
24.630
(69, 159)
(35.904)
Net movement in funds
52,034
52,034
{105,063J
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
483.550
52,034
483,550
52,034
588, 613
(105,063}
Total funds ¢arrled forward
535,584
535.584
483,550
The Ststement of Financial Activities includes all gains and losses recDgni5ed in th8 year.
The nolgs on pages 9 to 21 fom part of these financial statements.
Page 7

THE POUSH EDUCATIONAL SOCIETY
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Tangible assets
Investments
13
14
6,160
316,905
7,254
296,417
323.065
303,671.
Current assets
Stocks
15
16
14,326
3,701
221,606
11,019
8.217
169,726
Debtors
Cash at bank and in hand
239,632
188,962
Creditors.. amounts falling due within one
year
17
127,1131
(9,083J
Net ¢urrenl assets
212,519
179,879
Total asset$ less Current Ilabilities
535,584
483,550
Total net assèts
535,584
483,550
Chartty funds
Reslricled fund8
Unrestricted funds
19
19
535.584
483,550
Total funds
535.584
483,550
The financial statements were approved and aulhorised for
issue
by the Trustees on
and signed on their bèh*lf by..
25110124
Elzbieta Barrass
(Chair of Trustees)
Antonina MaGhowska
(Vice chairperson)
The notes on pages 9 to 21 fom part of these financial stat$menls.
Page 8

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEPABER 2023
General information
The Polish Educational Socièty was registered with the Charity Commission as a Charitable Incorporated
Organisalion on 16 January 2015. The address of the principal offic& is shown on page 1. The registered
charity number 1$ 1159980.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statèments have been prepared in a￿Ordance with the Charities SORP IFRS 102) -
Accounting and Reporting by Charities.. State￿ent 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 1021 (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a Irue and fairf view and have dEparted from
the Ghartties (Accounts and Reports) Regulations 20Q8 only to the extent required to provide a 'lrue
and f8il view. This departure has involved following the char￿leS SORP IFRS 1021 published in
October 2019 rather Ih8n the Accounting and Reporting by Charities.. Slalement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The Polish Educational Socièty meets the definition of a publi¢ benefit entity under FRS 102. Assets
and liabilities are inf(ially recognised at historical cost or transastion value unless otherwise stated in
the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has
adequate resources to continue in operational existence for the foreseeable future. For this reason,
they continue lo adopt the going conctsrn basis in preparing the financial statements
2.3 Income
All income is recognised once the Charity has entrtlemenl to the income, il is probable that the
income will be recèived and the amount of income receivable can be measured reliably.
Grants are included in the St*&ment of financial actlvities on a recetvable basis. The balance of
income received for spe¢ifi¢ purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income 15 received in advance of entillemenl of receipt, (fs
recognition is deferreil and included in cr&dtiors as deferred in¢ome. Where entitlement oc¢ur
before in¢ome is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the Investment
income is receivable.
Page 9

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2A Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, il is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expendi(ure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs. including
support costs involved in undertaking each activity. Direct cc>sts attrtbulablè to a single octivty are
allocated directly to that activity. Shared costs which contribute to more than one activity and support
costs which are not attributable lo a single activity are apportiETneof between those activities on a
basis consistent with the use of reSoUr￿s. Central staff costs are allocated on the basis of time
spent, and depreciation charges allo¢ated on the PDrtion of the asset's use.
Expenditure on charitable activities is incuffed on directly undertaking the activitie$ which fvrther the
Charity's objedives, as well as any associated support Costs.
2.5 Interest recèivable
Interest on funds held On deposit is included when receivable and the amount Gan be measured
reliably by the Charity,. this is notmally upon notrficalion of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Tangible fixod a$$8ts and depreciation
Tangible fixed assets costing £500 or more are ¢apitalised and recogniseé when future economie
benefrts are probable and the cost or value of the asset ean be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost rnodel.
tangible fixed assets are rneasured at cost less a¢cumulaled depreciation and any accumulated
impairrnent ltssses. All costs incurred to bring a tsngible fixed asset into ils intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives. on a reducing balan¢e basis.
Depreciation is provided on the following bases-.
Office equiprnent
Computer equipment
100/0 Straight line
250/ts Straight line
2.7 Investments
Fixed asset investments are a fomi of financial inslrum¢nt and are initially recognised al their
transaction cost and subsequently measured al fair value al the Balance sheet date, unless the
value cannot be measured reliably in whi¢h case il is mtrasured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and p￿Sented as 'GainsllLossesl
on investments, in the Statement of financial aclivilies.
2.8 Stocks
stocks are valued at the lower of cost and net rèalisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all olirect costs and an appropriate proportion of
fixed and variable overheads.
Page 10

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2.9 Debtors
Trade and other debtors are recognised al thè selllemenl amount after any trade discount offered.
Prepayments are valued at the arnounl prepaid nel of any lfftdè dtscounl¥ due.
2.10Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments wrth a short
maurity of three months or less from the dale of acquisition or opening of the deposit or similar
account.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be requiTed in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are r8¢ognised at the amount that the Charity anticipates ft will pay10 Settle the debt or thè
amount it has re¢¢ived as advanced payments br the goods or services il musl provÉde.
2.12 Financlal instruments
The Charity only has finaneial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and
subsequently measured al their settlement value with the exception of bank loans which aye
subsequently measured at amortised cost using the effective interest method.
2.13 Penslons
The Charrfty operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity lo the fund in respect of the year.
2.14 Fund accounting
General funds are unreslricled fvnds which are available for use at the discr81ion of the Trustees in
furtherance of the general objectivès of the Charity and which have not been designated for olhar
purposes.
Investment income, gsins and losses are allocated to the appropriate fund.
Page11

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Incoma from donations and legacles
Unrestricte
d fLEnds
2023
Total
funds
2023
Total
funds
2Q22
Donations
Grants
2,400
131,628
2,400
131,628
550
46,592
134,028
134,028
47, 142
Totsl 2022
41, 142
47, 142
Incorne from charitable a¢tivities
Unrestricte
d funds
2023
Total
funds
2023
Total
funds
2022
Income from charitable aclivitios - Publishing and
educational ¢ourse
In¢om& from charrtable adivilies - Membership fees
77.580
45,569
77.580
45,569
61,948
44,848
123.149
123,149
1Q6, 796
Total 2022
106, 796
106, 796
Page 12

THE POUSH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Incomè from other trading a¢tlvltles
Income from non charitsble trading activities
Unrestricte
d funds
2023
Total
funds
2023
Total
funds
2022
Income from the bookshop
157,551
157.SSI
f35,058
Total 2022
135,058
135,058
Investment income
un￿strIcte
d funds
2023
Total
funds
2023
Total
funds
2022
Income from local listed investments
Investment income- bank interest
75
16
75
16
20
33
91
91
Total 2022
53
Page 13

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Expenditure on raising funds
Othertrading expenses
Unrestricte
d funds
2023
Total
funds
2023
Totsl
funds
2022
Trading expenses - bookshop
Trading expenses - staff costs
86,127
32,942
86,127
32,942
107,858
36,267
119,069
119,069
144. t25
Total 2022
144, 125
144, 125
Analysis of oxpenditure on charitable activlties
Summary by fund type
Unrestricte
d funds
2023
Total
2023
Tot81
2022
Publishing and educational courses
268,246
268,246
214,083
Total 2022
214,083
214,083
Paga 14

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expendlture by a¢tivities
A¢tivities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Publishing and educational courses
180,488
87,758
268,246
214,083
Tot812022
f44,436
69,647
214,083
Analysis of dÉre¢t costs
Publishing
and
education
Total
funds
2023
Total
funds
2022
2023
Stsff costs
Cost of examination
Cost of Conferences
Cost of periodicals
Membership fees
Competition events cost
Travel expenses
Sundry expenses
Special events cost
59,652
15,254
26.139
7.191
406
46,816
195
59,652
15.254
26.139
7.191
406
46.816
195
57,511
17,337
40,389
6,407
22,268
474
24,835
24,835
18a,488
180,488
144,436
Tolal 2022
144,436
144,436
Page15

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expgnditur¢ by acttvities Icontinuedl
Analysis of support costs
Publishing
and
educatio
2023
Total
funds
2023
Total
lunds
2022
Depreciation
Travel expenses
Communication cost5
Computer expenses
Insurance
General office expenses
Light and heal
Printing and slalionery
Bank ¢harges and interest
Rent and rates
Advertising and marketing
Repairs and maintèn8nce
Entertaining
Governan￿ costs
1,340
5,856
2,946
4,611
1,207
8,664
413
8,689
1,501
38,479
1,340
5.8S6
2.946
4.611
1,207
8,664
413
1,31 5
6, 788
3,098
4,366
341
5,055
978
8,537
1,367
22,350
300
81
232
15,439
8,689
1,501
38,479
13
13
13.995
13,995
87,758
87,758
69,647
Total 2022
69,647
69,647
10. Independent examiner's remuneration
2023
2022
Fees payable lo the Charty's independent examiner for the independent
examination of the Charity's annual accounts
Fees payable to the Charity's independent examiner in respgd of..
All other services not included above
1,240
f. q85
2,860
4.020
Page 16

THE POUSH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMEwrs
FOR THE YEAR ENDED 31 DECEMBER 2023
11. Staff costs
2023
2022
Wages and salaries
Social security costs
Contribution lo defined contribution pension schemes
88.517
2.208
1,869
89,295
2,487
1,997
92,594
93,779
Th8 average number of persons employed by the Charity during thè year was as lollows..
2023
No.
2022
No.
Staff
No employee received remunerati¢n amounting lo rnoie than £60,000 in either year.
12. Trustees. remuneration and expenses
During the year, on¢ or more Trustees has been paid remuneration or has received other benefits from
an employment with the Charity. The fees were paid lo trustees for exam assessments and invigilating.
The value of Trustees. remuneration and other benefits was as follows..
2023
2022
Elzbieta Barrass
Malgorzata Lasocka
Joanna Me¢helewska
Remuneraliun
Remuneration
Remuneration
220
370
485
473
During th8 year gnded 31 December 2023. expenses totalling £8,695 were reimbursed or paid directly lo
8 TtU5tees (2022 - £7,946 10 11 Trustegsj. The expensas related lo the cost of slaliontsry, staff grfts.
equipment, travel, hotel and sub$i5tence costs.
Page 17

THE POLISH EDUCATIONAL SOCIErY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Tangible fixed ass¢t$
Office
equlpment
Computer
equipment
Total
Cost or valuation
At 1 January 2023
Additions
11.121
246
3.747
14.888
246
Al 31 December 2023
11,387
3,747
15,114
Depreciation
At 1 January 2023
Charge for the year
5,044
947
2,S70
393
7.614
1,340
At 31 December2023
5,991
2,963
8.954
Net book value
At 31 December 2023
S,376
6,160
At 31 December2022
6,077
1,177
7,254
Page 18

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14.
Fixed asset investments
List¢d
nvestments
Cost or valuation
At 1 January 2023
Revaluations
296,417
20,488
At 31 December 2023
316.905
Net bookvalua
At 31 December2023
316,905
At 31 December2022
296,417
1S. StoGk5
2023
2022
Finished goods and goods for
14.325
11,019
16. Debtors
2023
2022
Due withÉn one year
Trade debtors
Other debtors
Pr¢payments and accrued income
61
6,716
1,501
1,995
3,701
8,217
Pgge 19

THE POLISH EDUCATIONAL SOCIEff
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Crodttors." Amounts falllng due withln one year
2023
2022
Other taxation and social security
Accruals and deferred income
25.267
9,083
27,113
9,083
18. Financial instruments
2023
2022
Financial assets
Financial assets measured at arnortised cost
221,660
169. 726
2023
2022
Financial liabilities
Financial liabilities measured at amortised cost
25,267
9,083
Financial assets measured at amortised cost comprises bank balances and other debtors, excluding
VAT.
Other financial liabilities measurecl al amortised cost comprises acctuals.
Page 20

THE POLISH EDUCATIONAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19. Statemgnt of funds
Statement of funds- currènt year
Balance at
31
Galnsl December
ILosse$)
2023
Balance at 1
January
2023
Income Expenditure
Unrèstricted funds
Gener&1 Funds- all funds
483,550
414,819
(387,3151
24,530
535,584
Statement of funds - prior year
B81ance al
31
December
2022
Balance at
l January
2022
Gaitp
{Losses)
Income Expenditure
Unrestricted funds
General Funds- all funds
588,613
289,049
(358,208)
(35,904J
483,550
20. Penslon comrnrtments
The charity operates a defined contribution pension scheme. The assets of the scheme are held
sèparately from those of the group in an independently administered fund. The pension cost charge
represents contributions payable by the group lo the fund and amounted lo £1,869 12022 £1,997}. No
amounts were included in creditors as payable lo the fund at the balance sheet dale.
21. Related party transactions
The Charity has not enter￿ into any related party transaction during the year, nor are the￿ any
outstsnding balances owing between ￿lated parties and the Charty at 31 December 2D23.
Page 21