**Charity registration number 1181738**
**PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|E Piera-Adamczyk||
|---|---|---|
||P Bielak||
||M Dembek||
||M Kut||
||A Kusiak||
||K Kosterska||
||M Kozber||
||A Paczes|(Appointed 19 November 2022)|
||M Napiorkowska|(Appointed 19 November 2022)|
||D Wisniewski|(Appointed 19 November 2022)|
|**Charity number**|1181738||
|**Registered office**|238-246 King Street||
||Hammersmith||
||London||
||W6 0RF||
|**Independent examiner**|Darren Harding ACA FCCA DChA||
||Richard Place Dobson Services Limited||
||1-7 Station Road||
||Crawley||
||West Sussex||
||RH10 1HT||
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 12|
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 AUGUST 2022**_
The trustees present their annual report and financial statements for the year ended 31 August 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "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 (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
## **Objectives and aims**
The objects of the CIO are to advance and further education for the public benefit in the Polish language, culture, religion and tradition, in particular, but not exclusively by:
- Providing a supplementary school, Mikolaj rej Polish School, teaching the Polish language, history and geography and providing social and religious education, and;
- Organising educational trips for pupils attending the school.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Significant activities**
The Mikolaj Rej Polish School is a supplementary school and operates across 32 Saturdays a year teaching the Polish language, Polish history and geography. Children also learn about Polish Culture. They attend from Nursery until year 12 (from the age of 3 to 17), the school prepares pupils to sit GCSE and A' Level in Polish. The school is based in Chiswick. The School also undertakes fund raising activities to finance an enriched curriculum and activities
The school relies heavily on parent volunteers to help with playground duties, fundraising activities and staffing events.
## **Achievements and performance Charitable activities**
- The school year 2021 – 22 was conducted without any major Covid restrictions. Due to the work put into place in previous years in mobilising Microsoft Teams in the schools, any pupils who had to isolate due to having Covid were able to participate in lessons.
- The school achieved excellent examination results in both Polish GCSE and A’levels. The examinations once again being marked by AGA Examination Board after a two-year hiatus caused by the Covid Pandemic.
- Acknowledging the changing demographics of the Polish Community, the School introduced Polish lessons for adults for non-Polish parents/partners of Polish parents of children attending the school.
- The school has also introduced a free Parent and Toddler group for children under the age of three. This has helped young children with their social development and helped develop a support group for the parents.
- The school was able to organise a street party by the St Andrew Bobola Church in order to raise funds but more importantly to show case Polish Culture. Highlights included Sikorski Museum, Tatry Folk Dancing troupe, Polish food and Polish music.
## **Financial review**
The School’s Financial policy is to hold enough money in reserve to be able to run the school for a year should there be any problems with financing. During online learning, the school managed to save on rental costs. These savings were then passed back to the parents, lower their payments for the third term. Teacher’s salaries were maintained throughout, even though it was not guaranteed that payments would cover the full costs.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Trustees gave consideration to the Charities SORP ('Statement of Recommended Practice') Committee's advice in its publication 'Implications of COVID-19 Control Measures and Charity Financial Reporting' and to the risks arising as a result of the coronavirus pandemic. The Charity is actively monitoring and managing the situation as it develops. We have adapted our operations and consider that the Charity has adequate reserves to survive a future crises.
page 1
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **Structure, governance and management**
The charity’s strategic management is carried out by the Trustees together with the head teacher. The Trustees employ the head teacher, deputy head, teachers and classroom assistants to deliver the rich curriculum. Administrative staff (including accounts staff) assist in the running of the school. The Mikolaj Rej Polish School has good links with the Polish Educational Society (Polska Macierz Szkolna) and shares information about the administration and running of a Polish school with other similar schools in London. The charity also works with the Polish Scouting Association, and the St. Andrew Bobola Roman Catholic Church.
The trustees who served during the year and up to the date of signature of the financial statements were: E Piera-Adamczyk P Bielak M Dembek J Dancewicz (Resigned 19 November 2022) M Kut L Ziolkowska (Resigned 19 November 2022) A Kusiak I Bienkowska (Resigned 31 August 2022) K Kosterska M Kozber A Paczes (Appointed 19 November 2022) M Napiorkowska (Appointed 19 November 2022) D Wisniewski (Appointed 19 November 2022)
The financial statements were approved by the Trustees on **.1!:t:.6.: .. Z.9.23** K Kosterska _'.l�,_ **Trustee**
page 2
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
I report to the trustees on my examination of the financial statements of Parents' Association of the Mikolaj Rej Polish School (the charity) for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
- I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of 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 financial statements to be reached.
## **Darren Harding ACA FCCA DChA**
Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
Dated: .........................29/06/2023
page 3
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 AUGUST 2022**_
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2022**|2021|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations|**3**|12,543|7,159|
|Charitable activities|**4**|112,635|117,107|
|Other trading activities|**5**|16,413|1,837|
|Investments|**6**|40|171|
|Other income|**7**|350|300|
|**Total income**||141,981|126,574|
|**Expenditure on:**||||
|Raising funds|**8**|3,444|-|
|Charitable activities|**9**|144,935|137,742|
|**Total resources expended**||148,379|137,742|
|**Net expenditure for the year/**||||
|**Net movement in funds**||(6,398)|(11,168)|
|Fund balances at 1 September 2021||83,115|94,283|
|**Fund balances at 31 August 2022**||76,717|83,115|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
page 4
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **BALANCE SHEET**
## _**AS AT 31 AUGUST 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**14**
**Current assets**
Debtors
**15**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**16**
Net current assets
**Total assets less current liabilities**
**Deferred income**
**17**
**Net assets**
**Income funds**
Unrestricted funds|**2022**
**£**
267
125,976
126,243
(32,688)|**£**
1,717
93,555
95,272
(18,555)
76,717
76,717
76,717|**2021**
**£**
115
126,049
126,164
(32,884)|**£**
2,429
93,280
95,709
(12,594)
83,115
83,115
83,115|
|---|---|---|---|---|
The financial statements were approved by the Trustees on **.1!:t:.6.: .. Z.9.23** K Kosterska _'.l�,_ **Trustee**
page 5
**PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **1 Accounting policies**
## **Charity information**
Parents' Association of the Mikolaj Rej Polish School is a charitable incorporated organisation.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
## **1.3 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Shop and fundraising income are recognised when the income is received.
School fees and text book income are recognised in the period to which they relate. Any fees received in advance will be deferred to the financial year that they relate to.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Resources expended are accounted for on an accruals basis as a liability is incurred.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
page 6
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 20% Straight Line Computers 33% Straight Line
## **1.6 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors are recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.
## **1.8 Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **1.9 Employee benefits**
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
page 7
**PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2022**|2021|
||**£**|£|
|Donations and gifts|-|163|
|Grants received|12,543|6,996|
||12,543|7,159|
## **4 Charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Sales within charitable activities|5,539|-|
|School fees|97,103|106,952|
|Textbooks|9,993|10,155|
||112,635|117,107|
page 8
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **5 Other trading activities**
|**6**
**7**
**8**|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Fundraising events
8,070
-
Shop income
8,343
1,537
Trading activity income: other
-
300
Other trading activities
16,413
1,837
**Investments**
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Interest receivable
40
171
**Other income**
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Other income
350
300
**Raising funds**
**Unrestricted**
**Total**
**funds**
**2022**
**2021**
**£**
**£**
Fundraising and publicity
Other fundraising costs
3,444
-
3,444
-|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Fundraising events
8,070
-
Shop income
8,343
1,537
Trading activity income: other
-
300
Other trading activities
16,413
1,837
**Investments**
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Interest receivable
40
171
**Other income**
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Other income
350
300
**Raising funds**
**Unrestricted**
**Total**
**funds**
**2022**
**2021**
**£**
**£**
Fundraising and publicity
Other fundraising costs
3,444
-
3,444
-|
|---|---|---|
|||**Total**
**2021**
**£**
-|
|||-|
page 9
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **9 Charitable activities**
|Staff costs
School supplies
Gifts & Prizes
PR (Literature & Brochures)
Equipment
Donations
Textbooks
Training costs
Public Relations
Talent show
Nativity costs
Insurance
Rent
DBC Checks
Sundry expenses
Share of support costs (see note 10)
Share of governance costs (see note 10)
**Support costs**
**Support costs**
**Governance**
**costs**
**£**
**£**
Depreciation
1,001
-
Kitchen costs
680
-
Software costs
922
-
Subscriptions
688
-
Accountancy fees
-
3,420
Management fees
-
1,601
Legal fees
-
72
3,291
5,093
Analysed between
Charitable activities
3,291
5,093|**Unrestricted**
**funds**
**Unrestricted**
**funds**
**2022**
**2021**
**£**
**£**
79,207
93,075
3,955
1,232
6,100
3,740
5,553
-
509
433
100
50
11,509
10,670
360
565
-
1,000
1,076
631
556
1,742
2,913
2,611
23,020
12,709
1,134
816
559
355
136,551
129,629
3,291
2,910
5,093
5,203
144,935
137,742
**2022 Support costs**
**Governance**
**costs**
**2021**
**£**
**£**
**£**
**£**
1,001
1,134
-
1,134
680
56
-
56
922
1,312
-
1,312
688
408
-
408
3,420
-
2,700
2,700
1,601
-
2,203
2,203
72
-
300
300
8,384
2,910
5,203
8,113
8,384
2,910
5,203
8,113|**Unrestricted**
**funds**
**Unrestricted**
**funds**
**2022**
**2021**
**£**
**£**
79,207
93,075
3,955
1,232
6,100
3,740
5,553
-
509
433
100
50
11,509
10,670
360
565
-
1,000
1,076
631
556
1,742
2,913
2,611
23,020
12,709
1,134
816
559
355
136,551
129,629
3,291
2,910
5,093
5,203
144,935
137,742
**2022 Support costs**
**Governance**
**costs**
**2021**
**£**
**£**
**£**
**£**
1,001
1,134
-
1,134
680
56
-
56
922
1,312
-
1,312
688
408
-
408
3,420
-
2,700
2,700
1,601
-
2,203
2,203
72
-
300
300
8,384
2,910
5,203
8,113
8,384
2,910
5,203
8,113|
|---|---|---|
|||129,629
2,910
5,203|
|||137,742|
|||**2021**
**£**
1,134
56
1,312
408
2,700
2,203
300|
|||8,113|
|||8,113|
## **10 Support costs**
page 10
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **11 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the during the year.
## **12 Employees**
The average monthly number of employees during the year was:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
||48|53|
|**Employment costs**|**2022**|**2021**|
||**£**|**£**|
|Wages and salaries|79,207|92,996|
|Social security costs|-|79|
||79,207|93,075|
There were no employees whose annual remuneration was more than £60,000.
## **13 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **14 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
||**Fixtures and fittings**|
||**£**|
|**Cost**||
|Transferred in at 1 September 2021|5,573|
|Additions|290|
|At 31 August 2022|5,863|
|**Depreciation and impairment**||
|Transferred in at 1 September 2021|3,145|
|Depreciation charged in the year|1,001|
|At 31 August 2022|4,146|
|**Carrying amount**||
|At 31 August 2022|1,717|
|At 31 August 2021|2,429|
page 11
## **PARENTS' ASSOCIATION OF THE MIKOLAJ REJ POLISH SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2022**_
|**15**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**2022**
**£**
2
265
267|**2021**
**£**
-
115|
|---|---|---|
|||115|
## **16 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**Deferred income**
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Shown as deferred income on the face of the balance sheet
Movements in the year:
Deferred income at 1 September 2021
Released from previous periods
Resources deferred in the year
Deferred income at 31 August 2022|**2022**
**£**
103
9
29,606
2,970
32,688
**2022**
**£**
18,555
**2022**
**£**
18,555
12,594
(12,594)
18,555
18,555|**2021**
**£**
1,700
60
28,874
2,250|
|||32,884|
|||**2021**
**£**
12,594|
|||**2021**
**£**
12,594|
|||3,960
(3,960)
12,594|
|||12,594|
## **17 Deferred income**
## **18 Related party transactions**
There were no disclosable related party transactions during the year (2021 - none).
page 12