## **Trustees’ Annual Report for the period** **From Period start date 01 January 2023 To Period end date 31 December 2023** ## **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|The main purpose of the foundation is to
make grants to individuals and institutions
for the promotion of Polish Studies at UK
universities. This includes grants to
students, student societies, relevant
university departments and individual
academics. The foundation also serves as
a convening space| |Statement confirming
whether the trustees have
had regard to the
guidance issued by the
Charity Commission on
public benefit|**Para 1.18**|This has been taken into account.| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers 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 was able to continue its
grant making and its overall contribution
to raising awareness about Polish
Studies to improve and broaden the
overall debate particularly as it related
to the war in Ukraine.| ## **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of Para 1.41 fundraising activities against objectives set 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|By year end the foundation held £9143
in its account with no significant
outgoings or incoming funds.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The foundation has never grown
enough to have a reserves policy but
there is an informal agreement that we
should keep the reserves at £8000+
during the incubation period| |Amount of reserves held|Para 1.22|£8000| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially
in deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a
going concern|Para 1.23|The foundation is stable financially, but
any new activity it is limited by lack of
new funds and consideration is being
given to closing down it down. The
current reserves would comfortably
cover any exiting or new liabilities.| ## **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|| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the
principal risks facing the
charity|Para 1.46|| |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 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
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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)**| |---|---|---|---|---| ||Professor
Norman Davies|||| ||Ranjit Edward
Majumdar|||| ||Dr StanleyBill|||| ||Christian Richard
Stefan Davies|||| ||Professor Ania
Zalewska|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – 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** 31/10/2024 |**POLISH STUDIES FOUNDATION**|**POLISH STUDIES FOUNDATION**||**1188129**||| |---|---|---|---|---|---| |**Receipts andpayments accounts**|||||**CC16a**| |**For the period**
**from**|01/01/2023|**To**|31/12/2023||| ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**4,200**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**funds**
**to the nearest £**
**4,200**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**4,200**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,200**
**-**
**-**|**Total funds**
**to the nearest £**
**4,200**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,200**
**-**
**-**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---|---|---|---| |Donations|**4,200**||||**-**||**4,200**||**24,983**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**4,200**||**-**||**-**||**4,200**||**24,983**| ||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**||||||**-**||| ||**-**||||||**-**||**-**| |**_Sub total_**|**-**||||||**-**||**-**| |**_Total receipts_**
**A3 Payments**|||||||**4,200**
**1,000**
**4,320**
**3**
**594**
**11,663**
**649**
**2,425**
**91**
**805**
**221**
**3,631**
**25,400**
**-**
**-**
**-**
**25,400**
**- 21,200**||| ||**4,200**||**-**||**-**||**4,200**||**24,983**| ||**-**
**4,320**
**3**
**594**
**11,663**
**649**
**2,425**
**91**
**805**
**221**
**3,631**||**1,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||||| |Grant to Polish Studies Group|**-**||**1,000**||**-**||**1,000**||**750**| |ConsultingFees|**4,320**||**-**||**-**||**4,320**||**7,560**| |Bank Fees|**3**||**-**||**-**||**3**||**-**| |BookkeepingFees|**594**||**-**||**-**||**594**||**362**| |Salaries and HMRC Liabilities|**11,663**||**-**||**-**||**11,663**||**5,253**| |Professional Fees|**649**||**-**||**-**||**649**||**10,458**| |MarketingMaterials Design and Print|**2,425**||**-**||**-**||**2,425**||**-**| |Meetings/Entertainment|**91**||**-**||**-**||**91**||**-**| |Travel|**805**||**-**||**-**||**805**||**660**| |Subscriptions|**221**||**-**||**-**||**221**||**9**| |Events|**3,631**||**-**||**-**||**3,631**||**300**| |**_Sub total_ **|**24,400**||**1,000**||**-**||**25,400**||**25,352**| ||**-**
**-**||**-**
**-**||**-**
**-**||||| |**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_**|**24,400**
**- 20,200**
**-**
**30,343**
**10,143**||**1,000**
**- 1,000**
**-**
**-**
**- 1,000**||**-**
**-**
**-**
**-**
**-**||||| ||||||||||**25,352**| ||||||||||| ||**- 20,200**||**- 1,000**||**-**||**- 21,200**||**- 369**| ||**-**||**-**||**-**||**-**||**-**| ||**30,343**||**-**||**-**||**30,343**||**30,712**| ||**10,143**||**- 1,000**||**-**||**9,143**||**30,343**| CCXX R1 accounts (SS) 29/10/2024 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**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Cash at Bank
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**to nearest £**
**9,143**
**-**
**-**|**Unrestricted**
**funds**
**to nearest £**
**9,143**
**-**
**-**|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to nearest £**| |---|---|---|---|---|---| |||**9,143**||**-**|**-**| |||**-**||**-**|**-**| |||**-**||**-**|**-**| |||**9,143**||**-**|**-**| |||Agreement Error
Agreement Error
**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 Edward Majumdar||Agreement Error|OK| ||||||**Endowment**
**funds**
**to nearest £**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**Current value**
**(optional)**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**Current value**
**(optional)**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**When due**
**(optional)**| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||Date of
approval| |||Ranjit Edward Majumdar|||31/10/2024| ||||||| CCXX R2 accounts (SS) 29/10/2024 2