Polish Supplementary School Corby
Financial statements for the year ended
31st August 2022
Charity number 1181317
Polish Supplementary School Corby
Index to the Financial Statements
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' Report | 2 - 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 |
Polish Supplementary School Corby
Charity information
Trustees
Charity number
Independent Examiner
B Kidson D Fleszer A Jesionek J Kolodziejczyk-Andrade R Rogowski 1181317
Graham Darbourne FCA TC Group 6 North Street Oundle Peterborough PE8 4AL
1
Polish Supplementary School Corby
Trustees' Report for the year ended 31 August 2022
The trustees present their report and financial statements for the year ended 31 August 2022.
Structure, Governance and Management
Governing Document
The charity is governed by a Charitable Incorporated Organisation registered on 20 December 2018, registration number 1181317.
Trustees
The trustees who served during the year were:
B Kidson D Fleszer A Jesionek J Kolodziejczyk-Andrade R Rogowski
Recruitment and Appointment of Trustees
The power of appointing new trustees is vested with the current trustees. A new trustee may be appointed at any time, either by way of addition or replacement.
Risk Management
The trustees regularly review the major risks to which the charity is exposed. Where appropriate, systems and procedures have been established to mitigate the risks the charity faces on all levels, financial and contractual.
The main risks are the cash flow which is managed regularly by the Trustees.
Objectives and Activities
Objectives
The charitable objects are
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1) To advance education of young children between the ages of 4 to 14 in Corby and the surrounding area, in polish language, literature, history, geography, traditions and values with the aim that students can better integrate into the local cultural environment and British society;
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2) To advance the education of the public in Corby and the surrounding area, by promoting polish culture to all who wish to participate in by organising cultural and social events integrating wider communities in Corby and the surrounding area;
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3) To further such exclusively charitable purposes for the public benefit as the Trustees in their absolute discretion shall think fit from time to time, in particular through the making of grants and donations and shall work in partnership with other agencies and organisations with the similar objectives. Nothing in the School's constitution shall authorise an application of the property of the CIO for the purposes which are not charitable.
2
Polish Supplementary School Corby
Trustees' Report for the year ended 31 August 2022
Public benefit statement
The Trustees have had regard to the Charity Commissions' guidance on public benefit when considering grants and donations at Trustee meetings.
Achievements and Performance
Review of Activities
During the year, the charity generated income of £15,924 and it expedenditure of £18,658 resulting in a loss of £2,734.
Statement of Trustees' Responsibilities
The trustees 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 Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing those financial statements, the trustees are required to:
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i) select suitable accounting policies and apply them consistently;
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ii) observe the methods and principles in the Charities SORP;
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iii) make judgements and estimates that are reasonable and prudent;
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iv) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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v) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the trust will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable trust and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. 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.
Signed on behalf of the board of trustees:-
D Fleszer
Date: …...............................
3
Independent Examiner's Report to the trustees of
Polish Supplementary School Corby
I report on the accounts of the charity for the year ended 31 August 2022.
Respective responsibilities of trustees and examiner
The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is needed.
It is my responsibility to
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examine the accounts under section 145 of the Charities Act;
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follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
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1 which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept in accordance with section 130 of the Charities Act; and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act; or
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2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Graham Darbourne FCA TC Group 6 North Street Oundle Peterborough PE8 4AL
Date: …...........................
4
Polish Supplementary School Corby
Statement of Financial Activities
For the year ended 31st August 2022
| Note INCOMING RESOURCES Deposit entry fees School fees Parent payments Grants Insurance School trip Carnival ball/Easter markets Other income Total income RESOURCES EXPENDED EDU Lettings hire DBS/ANSS fees Wages Teaching aids Health and Safety School trips School events Gifts Insurance Website Accountancy Equipment School Fees returns Sundries Resources expended Net income for the year Balance brought forward Transfer between funds Balance carried forward |
Unrestricted fund 2022 £ 420 11,280 1,043 1,644 260 960 301 16 15,924 4,044 60 10,328 326 27 1,254 393 309 323 142 330 105 724 293 18,658 (2,734) 4,001 - 1,267 |
Restricted fund 2022 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total 2022 £ 420 11,280 1,043 1,644 260 960 301 16 15,924 4,044 60 10,328 326 27 1,254 393 309 323 142 330 105 724 293 18,658 (2,734) 4,001 - 1,267 |
Total 2021 £ - - - - - - - 21 21 |
|---|---|---|---|---|
| - - 180 - - - - - - 141 300 - 2,095 54 |
||||
| 2,770 | ||||
| (2,749) 6,750 - 4,001 |
5
Polish Supplementary School Corby
Balance sheet as at 31 August 2022
| Note CURRENT ASSETS Cash at Bank Cash held LESS: CREDITORS REPRESENTED BY: - RESTRICTED FUND UNRESTRICTED FUND |
£ £ £ £ 813 3,909 454 92 1,267 4,001 1,267 4,001 - - 1,267 4,001 - - 1,267 4,001 1,267 4,001 2022 2021 |
£ £ £ £ 813 3,909 454 92 1,267 4,001 1,267 4,001 - - 1,267 4,001 - - 1,267 4,001 1,267 4,001 2022 2021 |
|---|---|---|
| 4,001 - |
||
| 4,001 | ||
| - 4,001 |
||
| 4,001 |
The financial statements were approved by the trustees and signed on behalf of:
D Fleszer
Date: …................................
The notes on page 7 form part of these accounts
6
Polish Supplementary School Corby
Notes to the accounts for the year ended 31 August 2022
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.
Statement of compliance and basis of preparation
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). The charity meets the definition of a public benefit entity under FRS102.
Exemption from preparing a cash flow statement
The charity adopted to not include a cash flow statement in these financial statements.
Resources expended
Expenditure incurred on the operating of the charity is provided for on an accruals basis.
Investment income
Interest and dividends received are accounted for on an accruals basis.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Taxation
The charity is exempt from tax on its charitable activities.
7
Polish Supplementary School Corby Balance sheet as at 31 August 2022 2022 2021 CURRENT ASSETS C45b at Bank Cash held 813 454 92 1267 4,001 1207 4.001 LESS.. CREDTfoRS lJ67 4,001 REPRESENTED BY.. - RLSTRICTED FUND UNRESTIUCTED FUND 1267 4,001 1367 001 D Fleszer D#te.' .3..1 l.a.5.1kn13
Polisb Supplementsry School Corby Trustee8' Report for the year ended 31 August 2022 And donations at Tnutee nwiings. Achi¢vtJDeAts Performuee ofAdi During th¢ y¢ar. the charity8ted ill¢on of £15924 atKI it exp of£18.658 tEyultsD8 in 8 loss of £2,734. StemeDt ofTTh#t. knpowlbllhle4 The trust¢es are resporL8ible forprepann8 th¢ Re atMI the fiDwial stst¢DKnts with 4pplicable hw and United n8d0{mtsng starards (Unite41 KiDgdm CKnmJly Awted A• Prartic¢). Thelgw appli¢8ble to ch'tieS in and Wales rwuires the trwt¢e# to prepre kn 8tatettMts for eacb fInatal year which give 8 true and f4ir view of the stat¢ ofaffaus of th¢ th8rity alld of tlx iwmin8 re80urcu and application of reSOUTce$ of charity for that period. 8¢lt $uithbl¢ accounting poli¢ie8 And apply them conBiW. li) obsffv¢ th¢ nKthods 8rMI principles in th¢ Charities SORP. iv ) make judgements and estim¢8 that #re reasoJJablc and pn¥JenL" st&te whether applithle accnuntillg stsndarth bave beaj wy ¢kparnre8 di8elosed alld ¢xplaird io the fJtsarKi41 slatements: v) prepare the fuwKial $tat¢ments on a w)iD8 ¢y)DL bffjsiq th li 18 iiwppropti8 to pre8ty that the trn8t will ContiUe to The tru6¢ee$ aff tegponsible for keeping recor& which disclose with wsontble accuracy at any tinw th¢ fiDanci&l position of the chlritable trust to e4able them to thw th¢ finallcl stmeDts MplY with the Charities Act 2011, th¢ Charity (Accounls aud Rwns) Regulatio$ and the PrnVi8iOD8 of the trust deed. Thry are al re$FKJnsible for Safedin8 the asgets of the chhrity and beo¢e for tthkg reaable stw for the prev¢ntion and detection of fraud and other irregularities. Signed ot) behf of th¢ board of tnthu... D FlcBzer