OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

CHARITY REGISTRATION NUMBER: 1175952

POLISH YMCA SECTION IN GREAT BRITAIN Unaudited Financial Statements 31 December 2023

POLISH YMCA SECTION IN GREAT BRITAIN

Financial Statements

For the year ended 31 December 2023

Page
Trustees' annual report 1
Independent examiner's report to the trustees 4
Statement of financial activities 5
Statement of financial position 6
Notes to the financial statements 7 - 13

Page 1

POLISH YMCA SECTION IN GREAT BRITAIN

Trustees' Annual Report For the year ended 31 December 2023

The trustees present their report and the unaudited financial statements of the charity for the period ended 31 December 2023.

Reference and administrative details

Registered charity name POLISH YMCA SECTION IN GREAT BRITAIN Charity registration number 1175952 Principal office and registered 20 Gunnersbury Avenue Ealing London W5 3QL

The trustees

Mr Krzysztof Muraszko - Chairman Mr Ryszard Saller Mr Adam Pierzchala Mr Lucjan Santos-Witkowski Mr Zbigniew Maciej Behnke Mr Marek Zwiefka-Sibley Mr Karol Ostaszewski Ms Julia Giannini Ms Maria Suchcitz

General secretary

Alicja Donimirska

Accountant

Sunatree Chandarana FMAAT Accountant 16 Grasmere Garden Harrow HA3 7PU

Page 2

POLISH YMCA SECTION IN GREAT BRITAIN

Trustees' Annual Report

For the year ended 31 December 2023

Structure, governance and management

The Polish YMCA Section in G.B was registered as an unincorporated association until 5th February 2018 when it was removed from the Central Register of Charities. A new charity, number 1175952, with CIO status was registered on 27th November 2017 and all assets and liabilities transferred to this new charity on 31st December 2017.

Objectives and activities

The Polish YMCA Section in Great Britain is part of a Christian movement committed to helping young people, particularly at times of need, regardless of gender, race, ability or faith. At its centre are Christians who, regarding Jesus Christ as their God and Saviour, desire to share their faith with others and make Him known, believed, trusted, loved, served and exemplified in all human relationships. It welcomes into its fellowship persons of other religious faiths and none.

Financial review

The results for the year, and the charity's financial position at the end of the period are shown in the attached financial statements.

Page 3

POLISH YMCA SECTION IN GREAT BRITAIN

Trustees' Annual Report (continued) For the year ended 31 December 2023

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law[. ] and United Kingdom Accounting Standards (United Kingdom Generally Accepted

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

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

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

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

Mr Krzysztof Muraszko Mr Adam Pierzchala Trustee Trustee

Page 4

POLISH YMCA SECTION IN GREAT BRITAIN

Independent Examiner's Report to the Trustees of POLISH YMCA SECTION IN GREAT BRITAIN

For the year ended 31 December 2023

I report on the financial statements for the period ended 31 December 2023, which comprise the statement of financial activities, statement of financial position and the related notes.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

•examine the accounts under section 145 of the 2011 Act;

•to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

•to keep accounting records in accordance with section 130 of the 2011 Act, and

•to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Acthave not been met, or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sunatree Chandarana FMAAT Accountant 16 Grasmere Garden Harrow HA3 7PU

Page 5

POLISH YMCA SECTION IN GREAT BRITAIN

Statement of Financial Activities

For the year ended 31 December 2023

Note
Income and endowments
Incoming resources from activities for generating funds
4
Investment income
5
Other income
6
Total income
Expenditure
Expenditure on charitable activities
7
Management and administration costs
8
Total expenditure
Net outgoing resources
Movement in funds
Total funds as at 1 January 2023
Excess of expenditure for the year
Total funds as at 31 December 2023 carried forward		 31 Dec 2023
Total funds
£
47,618
3,196
94,756
145,570
67,798
101,438
169,236
-23,666
1,057,531
-23,666
1,033,865

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

The notes on Pages 7 to 13 form part of the Statement of Financial Activities

Page 6

POLISH YMCA SECTION IN GREAT BRITAIN
Statement of Financial Position
Period ended 31 December 2023
Note
Fixed assets
Tangible fixed assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Funds of the charity
Unrestricted funds
Unrealised Capital Gain
Designated funds
Total charity funds
17		 31 Dec 2023
£
330,867
20,050
689,902
709,952
14,810
695,142
1,026,009
918,690
106,284
1,035
1,026,009

This financial statements were approved by the board of trustees and authorised for issue on…..................., and are signed on behalf of the board by:

Mr Krzysztof Muraszko Mr Adam Pierzchala Trustee Trustee

Page 7

POLISH YMCA SECTION IN GREAT BRITAIN

Notes to the Financial Statements

For the year ended 31 December 2023

1. General information

The charity is registered charity in England and Wales and is incorporated. The address of the principal office is 20 Gunnersbury Avenue, Ealing, London W5 3QL.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

1 Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity.

2 Going concern

The former unincorporated charity was removed from the Central Register of Charities on 5th February 2018. Its assets and liabilities were transferred to a new charity called the Polish YMCA Section in Great Britain, charity number 1175952, on 31st December 2017.

3 Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.

These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

4 Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Page 8

POLISH YMCA SECTION IN GREAT BRITAIN

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

3. Accounting policies (continued)

5 Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

6 Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are shown separately.

7 Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Page 9

POLISH YMCA SECTION IN GREAT BRITAIN

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

3. Accounting policies (continued) Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities.

A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

8 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property - 2% straight line Fixtures and fittings - 25% straight line

9 Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

10 Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

11 Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Page 10

POLISH YMCA SECTION IN GREAT BRITAIN

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

3. Accounting policies (continued)

Defined contribution plans (continued)

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Incoming resources from activities for generating funds

Camp
Fundraising
5. Investment income
Bank interest receivable
6. Other income
Hire and hall
Donations
Costumes
Lessons
Dance training
Shows
Polish Heritage Day
Kit
DVD		 Unrestricted
Funds
£
43,220
4,398
47,618
Unrestricted
Funds
£
3,196
Unrestricted
Funds
£
33,032
41,714
820
11,540
620
3,695
715
2,380
240
94,756		 Total Funds
£
43,220
4,398
47,618
Total Funds
£
3,196
Total Funds
£
33,032
41,714
820
11,540
620
3,695
715
2,380
240
94,756

Page 11

POLISH YMCA SECTION IN GREAT BRITAIN

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

7.
Expenditure on charitable activities
Mazury
Shows
Costumes
Fundraising Costs
Dance training
Polish Heritage Days
Other
Kit
Camping
8.
Management and administration costs
Staff costs
Premises costs
Accountancy fees
Depreciation
Postage, telephone and stationery
Representation
General expenses
9.
Net expenditure
Net expenditure is stated after charging/(crediting):
Depreciation of tangible fixed assets
10.
Independent examination fees
Fees payable to the independent examiner for:
Independent examination of the financial statements		 Unrestricted
Funds
£
6,248
4,431
5,324
3,956
4,070
965
455
2,420
39,929
67,798
Unrestricted
Funds
£
62,643
19,744
1,200
13,360
2,359
1,063
1,069
101,438		 Total Funds
£
6,248
4,431
5,324
3,956
4,070
965
455
2,420
39,929
67,798
Total Funds
£
62,643
19,744
1,200
13,360
2,359
1,063
1,069
101,438
£
13,360
£
1,200

Page 12

Notes to the Financial Statements (continued)

POLISH YMCA SECTION IN GREAT BRITAIN

For the year ended 31 December 2023

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

Wages and salaries
Employer contributions to pension plans		 £
61,356
1,287
62,643

The average head count of employees during the period was 3. The average number of full-time equivalent employees during the year is analysed as follows:

Number of staff - administrative
Number of staff - management		 No.
1
2
3

No employee received employee benefits of more than £60,000 during the period (2023:Nil)

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees

13. Tangible fixed assets

Cost
At 1 January 2023
Additions
Disposal
At 31 December 2023
Depreciation
At 1 January 2023
Depreciation re disposal
Charge for the year
At 31 December 2023
Carrying amount
At 31 December 2023		 Freehold
Property
Computer
Equipment
Fixtures
and
Fittings
Total
£
£
£
£
639,610
1,443
25,862
666,915
938
938
4,158
-
4,158
-
639,610
1,443
22,642
663,695
297,288
550
25,511
323,349
3,881
-
3,881
-
12,793
375
192
13,360
310,081
925
21,822
332,828
329,529
518
820
330,867

Page 13

POLISH YMCA SECTION IN GREAT BRITAIN

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

14. Debtors

Debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Trade creditors
Other Creditors
Accruals and deferred income		 £
20,050
£
9,644
1,913
3,253
14,810

15. Creditors: amounts falling due within one year

16. Pensions and other post-retirement benefits Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1287.

17. Analysis of charitable funds Unrestricted funds

General funds
Unrealised Capital Gain
Camping activities fund		 At 1 Jan
2023
Net
Expenditure
/ Gain
At 31 Dec
2023
£
£
£
942,356
23,666
-
918,690
114,140
7,856
-
106,284
1,035
1,035
1,057,531
31,522
-
1,026,009