Charlty numbèr: 1159980 THE POLISH EDUCATIONAL SOCIETY UNAUDtrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE POUSH EDUCATIONAL SOCIETY CONTENTS Page Reference and administrativ8 dotalls of the Charty, its TN$tses and advisers TnJstée$' rgport Independent examSner's report Statement of financial activities Balanco sheet Notes to th& financial statements 9-21
THE POUSH EDUCATIONAL SOCIETY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Etzbieta Barrass, Chairperson Aleksandra Podhorodecka, Honorary president M&lgor£ala Lasocka, Vice chairperson Halina Siochniol, Vice chairperson Antonina Machowska, Vice chairperson Teresa Gorski Aleksandra Fèrr8ra KatsFzyna Kowalczyk Joanna Mechelewska Dorola Chmielewska Renala Rams (resigned 21 February 20251 Magd81ena Bi&lecka Darie Wilkinson Edyta Ozarek (appointed 24 Febwary 20251 Anna Kwolek lappoinled 24 February 20251 Charity registered number 1159980 Principal office 238-246 King Street London W6 ORF Accountants FeV(ons Chartered Accountants 1 The Green London TW9 1PL Page 1
THE POLISH EDUCAMONAL SOCIETY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trusle¢s present their annual report together with the financial statements of th& Charity for the 1 January 2024 10 31 December 2024. Objectiv&s and activities a. Policies and objectives The ehar(cy's purpose is lo advance the education tsf young petsons in the Un(ted Kingdom and elsewhere in the Polish language, history, culture and traditions. The charity a150 uses the names Polish Educational Society and Polska Macierz Szkolna Zagranica {PESI. In setting objectives and planning for 8Ctivilies, the Trustees have given due consideration lo general guidance published by the Charity Commission relating to public benefrt, including the 9uidance 'Public benefit.. running a charity IPB21'. b. A¢tlvlti¢s undertaken to achi&ve objectlvgs Income is largely derived from donations and lègacies from various sponsors such as individuals and orgar)isations to help PES facililales their objectives to help young persons and teachers improve their education capabilrties. The chaThly also receive income from setb'ng up oxaminalions and publishing educational materials. C. Main activities undertaken to further the Charlty's purpos for the public benefit The Tru&lee5 have refErred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives ef the charity and in planning its future activities. The main activities undertaken are set out below.. The principal aclivits.es of the society throughout the year continued lo be that of the publishing and sale of educolignal aids, the organisalion of confer¢n¢es, the administration of courses and examinations, the dissemination of educational material to Schools and ¢entres ol education. Th8 charity is active in assisting Polish Supplementsry Schools throughout England, in organising conferences for teachers. and supplying teaching and related materials as w&ll as organising public examinations for students in the Polish language. A¢hievements and performance Finan¢ial rèviaw . Going concern After making appropriate enquiries, the Trustees have a reasonab18 expectation that the CharEty has adequate r&sources to continue in operational existence for the foreseeable future. For this reason. th.èy continue to adopt the going concem basis in preparing the financial statements Page 2
THE POLISH EDUCATIONAL SOCIETY TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 b. Reserves policy The charf(y enjoys a comfortable level of reserves, in excess of more than 2 years, commitment of expenditure on charitable aclivilies. The level of 'freÈ' reserves rernains under review. Free reserves comprise of lolal unreslriGted funds, excluding fixed assets, that are freety available lo use against any type of the charity's activities. As at 31 Oe¢ember 2024, the free unrestricted funds stood al £557,22212023.' £529,424). Financial overview The net surplus for the year was £23,377 {2024 £52,034) and the net assets currentty stand al £551,80312024 - £535,584). Strurture, governance and management a. Constttution The tharily was registered with the charity cc)mmission on 1159980 as a Charitable Incorporated Organisation on 16 January 2015 and look over the activities of another charity. Polish Eduotignal Society - registered number 298254- on 24 March 2016. The assets and liabilities Df PMS Bookshop Limited were transfèrred lo the charity on 1 April 2019 and the charity carried on this acltvity after this date. b. Methods of appointment or election of Trustees The managemeftl of the Charty is the responsibility of the Trustees who are eleGled an¢J C¢X>Pted under the temis of the Trust deed. Page 3
THE POLISH EDUCATIONAL SOCIETY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 statement of Trustèès, rèsponsibilities The TTUSteès are responsible for preparing the Trustees, report and the financial slalements in accordance with applisable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requi$ the Trustees to prepare financial slalements for each fit)ancial which give a true and fair view of the slate of affairs of the Char(ty and of ils incoming resouree5 and application of resources, including 118 incorne and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting poliGies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and a¢¢ounling estirnales that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been folk)wed, subject to any material departures disclosed and explained in the financial slatemenls., prepare the financial slalements on th9 going Concern basis unless il is inappropriate lo presume that the Charity will continLJe in business. The Trustees are responsible for keeping adequate accounting records that are SLrfficient to show and explain the Charity's transactions and disclose wrth reasonable accuracy al any lime the financi81 position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2Q11, the Charity IAccounls 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 feasonable steps for the prevention and detection of fraud and other irregularities. Approved 27-Oct-2025 by order of the members of the board and Signed on their behalf by.. Trustees on Elxbiets Barrass {Chair of Trustees) Antonina Machowska (Vice chairperson) Page 4
THE POLISH EDUCATIONAL SOCIETY INDEPENDENT EK4MINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent EXamineS Report to the Trustees of The Polish Educational Society I'the Charity'l I report to the ¢hartiy Trustees on my examination of the accounts of the Charty for the year ended 31 De¢emb&r 2024. Responsibilitiès and Basis of Report As the Trustees of the Charity you are responsible lor the preparation of the accounts in accordance with th requirements of the Charities Act 2011 Ilhe 2011 Act'i. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2Q11 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under se¢tion 14515llbl of the 2011 Act. Independent Examin6rfs Statement Since the Charity's grtsss income exceeded £250,000 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 Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the Charity has PTepared the accounts in accordance wf(h Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1 Q21 in preference to the Accounting and Reporting by Charitie5: Statement of R$commended Pradi issued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. l understand that thi5 ha5 been done in order lor the accounts lo provide 8 true and fair view in accordance with the Generally Accepted AcGounling PractiGe effective foi reporting periods beginning on or after 1 January 2015. I have cornpieted my exarllination. I confirm that no matters have come to my attention in connection with the examination giving mè cause lo believe that in any material respect. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Acl-. or the aOunts do not aord with those records., or the accounts do not comply with the applicable requirements concerning the fomi and content of account5 sel out in the Charities IAccoLsnts and Report51 Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not 8 Mattér Considered as part of an independent examination. I have no concems and have corne across no other matters in connection with the examination lo which attention should be drawn in this report in order Its enable a proper understanding of the aGGounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities IAGcounls and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charity's Trustees those matters l am required lo state lo them in an Independent examinerfs report and for no other purpose. To the fullest extent pemitied by law, I do not aePt or assurne responsibility to anyone other than the Charity and the Charity's Trustees as a by, for my work or for this report. Page 5
THE POLISH EDUCATIONAL SOCIETY INDEPENDENT EXAMINER'S REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Signed.. 30 /,./2o3 Dave Alesbury Chartered Accountant Feltons Chartered Accountants 1 The Green London TW91PL Page 6
THE POUSH EDUCATIONAL SOCIE STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Total funds 2024 Tot81 funds 2023 Note In¢ome from: Donations and legacies Charitable activities Other trading activities Invèstments 125,894 122,628 178.236 383 125,894 122,62B 178,236 383 134,028 123, 749 157,551 91 Total incomg 427,141 427,141 414.819 Expenditure on: Raising funds Charitable a¢livilies 108,616 318,696 108.616 318.696 119,069 268.246 Totsl expenditure 427.312 427,312 387,315 Net lexp¢nd¢turellln¢ome before net gains on investments Net gains on investments 11711 23,548 11711 23.$48 27,504 24,530 Net movemont in funds 23.377 23,377 52,034 Re¢on¢illation of funds". Total funds brought fonmard Net movement in funds 535,584 23,377 535,584 23,377 483,550 52,034 Total funds carried forbvard 558.961 558,961 535,584 The Stslemenl of Financlal Activities indudes all gains and losses recognised in the year. The note5 on pages g to 21 form part of thes& financial statements. Pagè 7
THE POLISH EDUCATIONAL SOCIETY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed asse1$ Tangible assets Investments 13 7,158 337,024 6, 160 316,905 14 344,182 323,065 Current assets Stocks DebtDrs Cash al bank and in hand 21,034 6,579 207,705 14,325 3, 701 221,606 16 235,318 239,632 Current liabilities Creditors.. amounts falling due within one year 17 120.5391 127, 113) Net current assets 214.779 212,519 Total a55ets less current liabilFties SS8,961 535,584 Total net assets 558,961 535,584 Charrty funds Reslri¢led funds Unrestricted funds 19 19 558.961 535,584 Total *unds 558.961 535,584 The financial slalements were approved and authorised for issue by the Trustees on and signed on their behav by.. 27-Oct-2025 Elzbieta Barrass (Chair of Trustees) Antonina Machowska (Wice chairperson) The notes on pages 9 to 21 fomi part of these financi81 stslemenls. Page 8
THE POUSH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Informatlon The Polish Educational Society was registered with the Charity Commission as a Chartsble Incorporated Org8nisstion on 16 January 2015. The address of the principal office is shown on page 1. The gIStered charty number 18 1159980. Accounting policias 2.1 Basis of preparation of finanrial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1 Tr21 Aeeounting and Reporting by Charities.. Ststement of Reeommended Practice applicable to charitiès 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 faiv view and have departad from the Charities (Accounts and Reportsl Regulations 2008 only to the extent required to provide a 'lrue and fairf view. This departure has involved following the Charitie5 SORP IFRS 1021 published in October 2019 rather than the Accountirlg and Reporting by Charilies_' Statement ol Recommendeol Practice effective from 1 April 2005 which ha5 since been withdrawn. The Polish Educational Society meets the dtrfin((ion of a public beneft entity under FRS 102. Assèts and liabilities are initially recognised al historical cost or Iran5aclion value unless otherwise staled in the relevant accounting policy. 2.2 Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charty has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going Goncetn basis in preparing the financial statements 2.3 Income All income is recognised once the Charity has trntillemenl to thè income, it is probable that the income will be reseived and the amount of income ¢1vable can be m¢asured reliably. Grants are included in the Stslemenl of financial aclivfcies on a re¢eNable basis. The balance of ineome te1Vd for spècific purposes but not expended during the period is shown in the relevant funds on the Balance shèet. Where income is received in advance of entitlement of reGeipl, its recognition is deferred and included in credrtor5 as deferred income. whe enlillemenl occurs before income is received, the income is ac¢wed. Income lax recoverable in relallon to investment income is recognised at tho lime the investment income is receivable. Page 9
THE POLISH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles {tontinuèdl 2.4 ExpendÉturo Expenditure is recognised onee therè is 8 I31 or ¢onstru¢tive obliyalÉon lo transfer economic benefrt to a third party, it is probable that a transfer of economic benefits will be required in settlement snd the amount of the obligation can be measured reliably. Expendf(ure is classified by a¢tivity. Th¢ costs of each aclpity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activty are allocated directly to that activity. Shared costs which contribute lo MO than one activity and support costs which are not attributable lo a single a¢livily are appcirtigned between those activities on a basis consistent with the use of resou@8. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activf(ies is incurred on directly undertaking the activities which further the Charity's objectives, as well as any assock8ted support costs. 2.5 Intgrest reGeivable Interest on fvnds held on deposit is included when receivable and the amount can be measured reliably by the Charity,. this is normally upon noliftcalion of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tangible frxed assets and depreciation Tangible fixed assets costing £500 or morè are caprtalised and recognised when future economic benefits a probable and the cost oi value of the asset can be mea$ured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model. tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. Al costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. on a reducing balanee basis. Depfecialion is provided on the following bases.. Office equipment Computer equiprnenl 10°/o straight line 25,1¢ straight line 2.7 Investments Fixed asset investments are a fomi of financial inslnjment and are Initial recognised at their transadÈon ¢osl and subsequently measured at fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost les5 impairment. Investment gains and losses. whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on investments, in the Statement gf financial aGlivilies. 2.8 StoGks Stocks are valued al the lower of cost and nel realisable value after making due allowance for obsolete and slow-moving sloeks. Cost Includes all direct costs and an appropriate proportion of fixed and variable overheads. Page 10
THE POUSH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poll¢les (continued 2.9 Debt0r5 Trade and other debtors are recognised at the settlement amount aftèr any trade discount offered. Prepayments a valued al the amount ppaid nel of any trade discounts due. 2.10 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short malurily of three months or less the date of acquisition or op8ning of the dep(YJil or similar account. 2.11 Liabilities and provisions Liabilities arè rècognised when there is an obligation al the Balance sheet date as a resu5t of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlernenl ean be estimated re5iabty. Liabilitie5 are recognised at th¢ amount th* the Charity anticipates il will pay to setue tho debt or the amount it has received as advanced payments for the goods or services il must provide. 2.12 Financlal Instrumènts Th8 Charity only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measu al amortised cost using the effective interest method. 2.13 Pensions The Charty operat&s a defined contribution pension scheme and the pension eharge represents the amounts payable by the Charity to the fund in respect of the year. 2.14 Fund accounting General lunds are unrestricted funds which a available for use at the discretion of the Trusle&s in furtherance of the general objectives of th& Charity and which have not been designated for other purpo$gS. Investment ineome, gains and losses are allocated to the appropriate fund. Page11
THE POLISH EDUCATIONAL socIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies UnTe5trirte d funds 2024 Totsl funds 2024 Total funds 2Q23 Donations Grants 2,805 123,089 2.805 123.089 2,400 131,628 125,894 125,894 734,028 Total 2023 134,028 134,028 Income from charitable activities Unrestricte d funds 2024 Totsl funds 2024 Tolal fUlS 2023 Income from charitable aclimties - Publishing and educational courses Income from charitable activities - meMbehIp fees 70,274 52,354 70,274 52,354 77,580 45,569 122,628 122,628 123, 149 Total 2023 123, 149 123, 149 Page 12
THE POLISH EDUCATIONAL SOCIET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other tradlng activities Income from non charitable trading activities Unrestricte d funds 2024 Total funds 2024 Total funds 2023 InGome from the bookshop 178.236 178,236 157,551 rol812023 157,551 157,551 Investment income Unrestricte d funds 2024 Total funds 2024 Totsl funds 2023 InGome from local listed inve8trnents Investment income - bank interest 346 37 75 16 37 383 383 91 Total 2023 91 97 Page 13
THE POUSH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on ratslng funds Other trading expenses Unrestricte d fvnds 2024 Total funds 2024 Total funds 2023 Trading expenses- bookshop Trading expenses- staff c051s 68,744 39,872 68,744 39,872 86,127 32,942 108,616 108,616 119,069 Total 2023 179,069 If 9,069 Analysis of expendÈture on charitable activities Summary by fund type Unrestricte d funds 2024 Total 2024 Tot81 2023 Publishing eduGational courses 318.696 318.696 268,246 Total 2023 268,246 268,246 Page 14
THE POUSH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysi$ of expenditure by activities Acttvitios undertakon dirèctly 2024 Support costs 2024 Total funds 2024 rol81 funds 2023 Publishing and educational courses 223,005 95,691 318,696 268,246 Total 2023 180.488 87,758 268,246 Analysls of direct costs Publishing and education Totsl funds 2024 Total lunds 2023 2024 Staff costs Cost of examination Cost of Conferences Cost of periodicals Membership fees Competition events cost Travel expenses Sundry expenses Special events cost 69.187 28,782 65,713 6.342 251 38,275 124 500 13,831 69,187 28,782 65,713 6,342 251 38,275 124 59, 652 15,254 26,139 7, 191 46,816 195 500 13,831 24,835 223,005 223,005 180,488 Total 2023 180,488 180,488 Page 15
THE POLISH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture by a¢tivities Icontinuedl Analysis of support Gost Publishing and oducation Total funds 2024 Total funds 2023 2024 Depreci*ion Travel expenses Communication Costs Computer expenses Insurance Genèral office expenses Light and heat PAnting and stationery Bank charges and interest Rent and rates Repairs and maintenance Entertaining Govemance costs 1.599 4.523 2.745 4.545 1.106 6,428 1,599 4,523 2,746 4,54S 1,106 6,428 1,340 5,856 2,946 4,611 1.207 8,664 413 8,689 1,501 38,479 t3 44 13.995 13,939 1.296 27.489 15.03fj 784 16,202 13,939 1,296 27,489 15,036 16,202 95,692 95,692 87, 758 Total 2023 87, 758 87, 758 10. Independent examiner's remuneration 2024 2023 Fegs payable to the Charitys independent examiner for the independent examination of the Charity'5 annual accounts Fees payable lo the Charity's independent examiner in respect of.. All other services not included above 1.300 1,240 3,050 2,860 Page 16
THE POLISH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Staff costs 2024 2023 Wages and salaries Social securty costs Contribution to defined contribution pension schemes 104,002 2.834 2.223 88,517 2,208 1,869 109,059 92,594 The average number of person$ employed by the Charity during the year was as follows.. 2024 No. 2023 Staff No employee received remuneration amounting to more than £60,000 in either year. 12. Tru$to¢s' remuneration and expenses During the year, one or morè Trustees has been paid remuneration or ha8 received other benefits Irom an employment with the Charity. The fees were paid lo trustees lor exam assessments and irivi9ilating. The value tsf TrLJStèÈs' remuneration and other beneffis was as follows.. 2024 2023 Elzbieta Batrass Malgorzala Lasocka Teresa Gorski D?rie Wilkinson Joanna Mechelewska Katarzyna Kowalczyk Halina Stochniol Remuneration 170 Remuneration Remuneration Remuneration Remuneration Remunoralion Remuneration 165 so 1.550 620 1,80S 20 485 473 During the year ended 31 December 2024, expenses lolalling £4,123 were reSmbursed or paid direcl]y tts 8 Twstees (2023 - £8, 695 10 8 Trustees). The expenses largely related to the cost of travel, hotel and Subsistence costs, as well a8 a staff gift. Page 17
THE POLISH EDUCATIONAL SOCIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tanyibl¢ flxed as$¢ts Office Computer uipment oquipment Total Cost or valuatlon Al 1 January 2024 Additions 11.367 2.596 3.747 15.114 2.596 Al 31 December 2024 13,963 3.747 17.710 Depreciation At 1 January 2024 Charge for the year 5.991 1.206 2,963 393 8.954 1.599 At 31 December 2024 7.197 3,356 10.553 Net book value At 31 Decèrnber 2024 6,766 391 7.157 At 31 December2023 5,376 6, 160 Page 18
THE POLISH EDUCATtONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Flxed asset investments Llsted Inv8stments Cost or valuatlon Al 1 January 2024 Disppsals Revaluations 316.905 18541 20,973 Al 31 Oecember 2024 337,024 Net book value At 31 December 2024 337.024 At 31 Dec&mber2023 316,905 15. Stocks 2024 2023 Finishèd goods and goods for rèsala 21.034 14.325 16. Debtors 2024 2023 Duè within one year Trade debtors Other debtors Prepayments and accrued income 973 4,106 1,500 61 1,645 1.995 6,S79 3,701 Pagè 19
THE POUSH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Creditors- Amounts falling due within one year 2024 2023 Other taxation and soeial security Accruals arid deferred income 2.872 17,667 1,846 25,267 20,539 27,113 18. Financial instruments 2024 2023 Financial assets Financial assets measured at amortised cost 208,678 221,660 2024 2023 Financial liabilities Financial liabilities measured at amortised cost 17,667 25.267 Financial assets measured al amortised wst cgmprises bank batances and other debtors, ex¢ludin9 VAT. Other financial liabilities measured at amortised cost comprises accruals. Page 20
THE POLISH EDUCATIONAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. Statement of funds Statemont of funds - current year Balance at 31 Ga5nsl December ILossesl 2024 Balance at 1 January 2024 Income Expenditure Unrestricted funds General Funds- all funds 535,584 427,141 1427,3121 23,548 558,961 Statement of funds - prior year Balan al 31 December 2023 Balance at l January 2023 Gain (Losses) InGome Exp&ndrfu Unrestricted funds General Funds all funds 483,550 414,819 (387.375) 24,530 535,584 20. Pension commitments The charity operatès a defined contribution pension scheme. The assets of the hrne are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £2,22312023 - £1,869). No amounts were in¢lude¢J in ¢rodff(ors as payable to the fvnd at the balance sheet dale. 21. Related party transactions The Charity has not entered into any related party transaction during the year, nor are there any outstandin9 balances owing between related parties and the Charty al 31 Dècember 2024. Page 21