## **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
- 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;
- 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;
- 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:
- i) select suitable accounting policies and apply them consistently;
- ii) observe the methods and principles in the Charities SORP;
- iii) make judgements and estimates that are reasonable and prudent;
- iv) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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
- examine the accounts under section 145 of the Charities Act;
- follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act; and
- 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:
- 1 which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept in accordance with section 130 of the Charities Act; and
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act; or
- 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.
St**emeDt 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
¢xplair*d 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 st*meDts 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