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 2022
Polish Saturday School Trustees Report and Financial Statements Year to 31[st] July 2022
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
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 £ 28090 at 31[st] July 2022, ( £ 39050 at 31[st] July 2021)
The Trustees review the policy annually and they consider that the Unrestricted Funds which total £ 28090, and comprise the entire funds of the charity as at 31[st] July 2022, 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 2022
Funds Unrestricted Fund 2022 2021 £ £ Income Notes 1 to 5 Voluntary Income 1000 Tuition fees 46823 48582 Book sales 4141 4820 Outings and activities 783 -------- -------- Total £ 52747 53402 --------- -------- Expenditure Notes 6 to 10 Charitable activities Student tuition 40970 39991 School running costs 9345 8702 Books supplied 4828 5300 Outings and activities 2699 1893 Professional fees 3598 11401 Website development - 1000 Other expenses 2267 589 ------- ------- Total £ 63707 68876 -------- ------ Deficit for the Year ( 10960) (15474 ) Income Received from the Polish Catholic Church - 28915 --------- ------( 10960) 13441 Funds at 1[st] August 2021 39050 25609 -------- -------- Funds at 31[st] July 2022 £ 28090 39050
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Polish Saturday School
Balance Sheet as at 31[st] July 2022 Note Unrestricted Fund 2022 2021 Current Assets Bank and Cash Balances 36868 54751 Current Liabilities 11 Income received in advance (8785) (8300) Sundry creditors (800) ( 7990) Less prepaid expenses 807 589 ---------- ------- Net Current Assets £ 28090 39050 --------- -------- Total Funds of the Charity Unrestricted Income Fund 1(b) Funds at 1[st] August 2021 39050 25609 Deficit for the year to 31[st] July 2022 (10960) 13441 ------- -------- Funds at 31[st] July 2022 £ 28090 39050 -------- ------
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 2022
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 in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, (FRS 102), and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1[st] January 2019.
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 2022
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
2022 2021 7. School Running Costs Rent of premises 3500 3500 Redecorating premises - 267 Cleaning 2541 1946 Insurance 1414 1178 Equipment and stationery costs 1617 1389 Training 273 422 ------- -----£ 9345 8702 8. Outings and Activities -------- ------- School outings - - Other school activities 2699 1893 ------- -----£ 2699 1893 ------- -------
9. Professional Fees
These represent the costs incurred in complying with all statutory regulations and requirements.
10. Other Expenses
- Costs in this category will include the cost of first aid and fire safety training if carried out.
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 to the Trustees on my examination of the Financial Statements of the Polish Saturday School, “(the Trust”), Charity number 1180525, for the year ended 31[st] July 2022 which are set out on pages 1 to 6.
Responsibilities and Basis of Report
As the Charity’s Trustees, you are responsible for the preparation of the accounts in accordance the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the Trust’s accounts carried under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in any material respect:
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the accounting records were not kept in accordance with Section 130 of the Charities Act, or
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the accounts did not accord with the accounting records, or
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the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the accounts give a true and fair view, which is not a matter considered as part of an Independent Examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report 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
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