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2021-12-31-accounts

Trustees’ Annual Report for the period

From Period start date 01 January 2021 To Period end date 31 December 2021

Charity name: Polish Studies Foundation

Charity registration number: 1188129

Objectives and Activities

SORP reference
Summary of the purposes
of the charity as set out in
its governing document		 Para 1.17 The objects of the Charity are to advance
education of the public in, and support the
academic study of, the history, literature,
language, religion, philosophy, and culture
of Poland.
Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the accounts.		 Para 1.17 and
1.19
Statement confirming
whether the trustees have
had regard to the
guidance issued by the
Charity Commission on
public benefit		 Para 1.18 N/A

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference N/A Para 1.38 Policy on grant making N/A Para 1.38 Policy on social investment including program related investment N/A Para 1.38

Contribution made by volunteers N/A Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.		 Para 1.20 The charity began active operations in the
second half of 2021 and so the main
achievements still reflect an organisation in
a soft launch phase.
The main work was in building awareness
and developing activities and grant-making
relevant to its mission.
These include:

The development of an institutional
strategy for the foundation.

An academic grant to the Polish
Studies Group, an influential
collective of UK-based academics.

Travel grants to UK undergraduate
students keen to travel to Poland to
assist with their research and
interests.

Participation in a major online
lecture series with the US-based,
Kosciuszko Foundation to large
audiences.

Development of the extremal
presence of the foundation through
the website and on social media.

Additional information (optional) You may choose to include further statements where relevant about:

N/A Achievements against Para 1.41 objectives set N/A Performance of Para 1.41 fundraising activities against objectives set

N/A Investment performance Para 1.41 against objectives Other

Financial Review

Financial Review
Review of the charity’s
financial position at the
end of the period		 Para 1.21 The foundation was solvent but had not
yet raised enough funds to appoint a
part-time (60%) project manager on an
initial 12-month contract which was a
key objective.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 N/A
Amount of reserves held Para 1.22 £30,712
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially
in deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a
going concern		 Para 1.23 N/A

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds
(including any fundraising)
Para 1.47		 N/A
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 N/A
A description of the
principal risks facing the
charity		 Para 1.46 N/A
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing
document
(trust deed, royal charter)		 Para 1.25 Foundation
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Incorporated Organisation
(CIO)
Trustee selection
methods including details
of any constitutional
provisions e.g. election to
post or name of any
person or body entitled to
appoint one or more
trustees		 Para 1.25 Trustee selection has been based on
hand-picking key influencers in the field
of Polish Studies as well as key non-
academic board members to offer an
independent and practical perspective.
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s
organisational structure
and any wider network
with which the charity
works		 Para 1.51
Relationship with any
related parties		 Para 1.51
Other

Reference and Administrative details

Charity name Polish Studies Foundation Other name the charity N/A uses Registered charity number 1188129

Charity’s principal address Farrer & Co
65-66 Lincoln’s Inn Fields
London
WC2A 3LH

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Norman Davies
Ranjit Majumdar
StanleyBill
Christian Davies Appointed 22 March
2021
Ania Zalewska Appointed 22 March
2021

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Ranjit Majumdar Position (eg Secretary, Trustee Chair, etc) Date 18 October 2022

POLISH STUDIES FOUNDATION POLISH STUDIES FOUNDATION POLISH STUDIES FOUNDATION POLISH STUDIES FOUNDATION 1188129 1188129 1188129 CC16a
Receipts and
For the period
from		 01-Jan-21 To 31-Dec-21
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
38,889
-
-
-
-
-
-
-
38,889
-
-
-
38,889		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
38,889
-
-
-
-
-
-
-
38,889
-
-
-
38,889
50
100
7,650
225
152
-
-
-
-
8,177
-
-
-
8,177
30,712		 Last year
to the nearest £
38,889 -
- -
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 38,889 -
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
-
Accounting 50 - - 50 -
Marketing 100 - - 100 -
ConsultingFees 7,650 - - 7,650 -
Repairs and Maintenance 225 - - 225 -
Bank Charges 152 - - 152 -
- - - - -
- - - - -
- - - - -
- - - - -
**Sub total ** 8,177 - - 8,177 -
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
-
30,712 30,712 -
- - -
- - -
30,712 30,712 -

CCXX R1 accounts (SS)

18/10/2022

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Signature		 Unrestricted
funds
Restricted funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
Agreement Error
OK
Unrestricted
funds
Restricted funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due (optional)
-
-
-
-
-
Print Name
Ranjit Majumdar		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Ranjit Majumdar 18-Oct-22

CCXX R2 accounts (SS)

18/10/2022

2

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name Polish Studies Foundation members of On accounts for the year Charity no ended 31/12/2021 (if any) 1188129 Set out on pages 2

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2021.

Responsibilities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance with the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out 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 The charity’s gross income hasn’t exceeded £250,000. 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 gives me cause to believe that in, any material respect,:

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: Date: 20/10/2022 Name: Jolanta Rozpond Relevant professional qualification(s) or body (if any): Address: 23 Mayfair Gardens N17 7LP

1

October 2018

IER

London

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here details of any items that the examiner wishes to disclose .

N/A

2

October 2018

IER