POLSKA SZKOLA SOBOTNIA IM. HETMANA KAROLA CHODKIEWICZA POD PATRONATEM SWIETGO JANA PAWLA II
(Polish Saturday School)
Trustees’ Report and Financial Statements
Year to 31[st] July 2020
Polish Saturday School Trustees Report and Financial Statements Year to 31[st] July 2020
Trustees’ Report
Charity Name and Address
Polska Szkola Sobotnia im. Hetmana Karola Chodkiewicza Pod Patronatem Swietgo Jana Pawla II Polish Community Centre, 6 Oliver Grove, London. SE25 6EJ
Known as: “Polish Saturday School”
Charity Number
1180525 (Registered on 2[nd] November 2018)
Trustees
Mr Miroslav Smolen - resigned on 15[th] December 2019 Mrs Alina Urszula Shephard-Thorn Mr Marek Kondracki Mrs Anna Jeruc Kopec Mrs Barbara Trzebiatowska
Independent Person appointed to Review Accounts
Mr I.P.Scott FCA
Structure, Governance and Management
The Charity comprises those assets and funds held by and on behalf of the Polish Saturday School.
The Trustees are those members of the Charity, qualified to serve as trustees, appointed at the Annual General Meeting of the Polish Saturday School, to act in accordance with the procedures for the time being laid down by the aforementioned Annual General Meeting.
Objectives and Achievements
The objects of the Charity are for the public benefit to advance education, and to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
The Charity aims to carry out these activities in London and such other places in the United Kingdom as the Charity Trustees may from time to time determine and for the benefit of the Polish community and those interested in or associated with it.
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Polish Saturday School
Financial Review:
The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011 and the “Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the United Kingdom and Republic of Ireland published on 16[th] July 2014”, (the Charity SORP).
Reserves Policy
The Balance Sheet on page 4 shows the Charity Funds totalling £ 25609 at 31[st] July 2020, ( £ 21313 at 31[st] July 2019)
The Trustees review the policy annually and they consider that the Unrestricted Funds which total £ 25609, and comprise the entire funds of the charity as at 31[st] July 2020, are sufficient for the objectives and activities of the Charity.
Trustees’ Expenses and Remuneration
The trustees did not receive any expenses or remuneration for their services as Trustees in the current year.
This report was approved by the Trustees on and signed on their behalf by:
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Polish Saturday School
Statement of Financial Activities
For the Year Ended 31[st] July 2020
Funds Unrestricted Fund 2020 2019 £ £ Income Notes 1 to 5 Voluntary Income 110 772 Tuition fees 62984 68786 Book sales 7083 5781 Outings and activities 1161 2012 -------- -------- Total £ 71338 77351 --------- -------- Expenditure Notes 6 to 10 Charitable activities Student tuition 36590 48180 School running costs 13045 10930 Books supplied 6407 7209 Outings and activities 2173 5025 Professional fees 6971 1971 Other expenses 1856 1308 ------- ------- Total £ 67042 74623 -------- ------ Net Income for the Year 4296 2728 Funds at 1[st] August 2019 21313 18585 -------- -------- Funds at 31[st] July 2020 £ 25609 21313
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Polish Saturday School
Balance Sheet as at 31[st] July 2020 Note Unrestricted Fund 2020 2019 Current Assets Bank and Cash Balances 30700 34996 Current Liabilities 11 Income received in advance - (12433) Sundry creditors (5091) ( 1250) ---------- ------- Net Current Assets £ 25609 21313 --------- -------- Total Funds of the Charity Unrestricted Income Fund 1(b) Funds at 1[st] August 2019 21313 18585 Surplus for the year to 31[st] July 2020 4296 2728 -------- ------ Funds at 31[st] July 2020 £ 25609 21313 -------- ------
Approved at the Annual General Meeting of the Polish Saturday School held on and signed on behalf of the Trustees by
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Polish Saturday School
Notes to the Statement of Financial Activities For the Year Ended 31[st] July 2020
1. Accounting Policies
(a) Basis of preparation and assessment of going concern
The trustees confirm that:
The Financial Statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The Financial Statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland, (FRS 102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, (FRS 102), and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102
The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
(b) Fund Accounting
The Unrestricted funds are available for use at the discretion of the Polish Saturday School in furtherance of its charitable objectives.
(c) Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
(d) Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, and it is probable that settlement will be required and the amount of the obligation can be measured reliably.
(e) Taxation
The Charity is an excepted charity within the meaning of the Taxes Acts. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these Financial Statements.
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Polish Saturday School
Notes to the Statement of Financial activities – continued For the Year Ended 31[st] July 2020
2. Voluntary Income
This comprises donations received to go towards meeting the cost of certain outings and activities provided by the charity.
3. Tuition Fees
Tuition fees are charged to meet the cost of providing Friday and Saturday School tuition and activities for the young people who attend.
4. Book Sales
This income arises from the sale of text books and other material for use by the students.
5. Outings and Activities
Income in this category helps to meet the cost of certain outings and activities.
6. Student Tuition Costs
These are the costs of teachers and teachers’ assistants who provide tuition at the Friday and Saturday School
2020 2019 7. School Running Costs Rent of premises 3500 3500 Redecorating premises 4100 - Cleaning 2267 2659 Insurance 1061 1414 Equipment and stationery costs 1551 1699 Training 566 1658 ------- -----£ 13045 10930 ------- ------- 8. Outings and Activities School outings - 2790 Other school activities 2173 2235 ------- -----£ 2173 5025 ------- -------
9. Professional Fees
These represent the costs incurred in complying with all statutory regulations and requirements.
10. Other Expenses
Costs in this category include the cost of first aid training which amounted to £ 624.
11. Current Liabilities
Income received in advance relates to fees received for tuition to be carried out in the following year,
Sundry Creditors represent accruals for professional fees payable and school running costs.
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Independent Examiner’s Report
I report on the Financial Statements of the Polish Saturday School for the year ended 31[st] July 2020 which are set out on pages 1 to 6.
Respective Responsibilities
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 Charites 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 Direction given by the Commission under section 145(5) of the 2011 Act
to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions of the Charity Commissioners. 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 Financial Statements 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 Financial Statements present a “true and fair view” and this 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 Act have 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.
Signed by the Independent Examiner Dated
Independent Examiner
I.P.Scott FCA 81 Hawes Lane West Wickham Kent BR4 0DF 7