THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN Charity Registration No 216439 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN Contents Page Trustees, Report Accountants, Report Income and Expenditure Account Balance Sheet Notes to the Financial Statements
Page I THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present the financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the Financial Reporting Standards for Smaller Entities, Part 15 the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice. Objectives Of The Charity The object of the charity is to provide school facilities and grants for Polish youth and children. Trustees The following were trustees of the charity throughout the year: Marek Banasiak Ewa Fuglewicz Jeremi Reda Andrzej Suchcitz This report was approved on behalf of the Board on the 23 May 2024 Marek Banasiak Trustee
Page 3 THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Incoming Resoures School Fees Rent Received Grants Received Donations Received Interest Income 51,088 57,829 3,951 3,317 3,796 119,981 50,821 60,539 4,634 626 594 117,214 Resources Expended Cost of generating funds Premises cost Purchases & events costs Leased equipment 7,640 7,993 6,855 6,770 15,633 13,625 Charitable Expenditure Staff costs Professional fees Administration expenses Total Resources Expended 41,671 3,254 7,111 52,036 38,108 2,903 4,400 45,411 Net Movement In Funds 52,312 58,178 Total funds at 31 December 362,413 310,101 All income and expenditure on ordinary activities are attributable to continuing operations. The trustees has no recognised gains or losses other than the income for the year.
Page 4 THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Fixed Assets Freehold Property 4,254 4,254 4,254 4,254 Current Assets Bank & Cash 361,751 309,429 Current Liabilities Creditors: Amounts falling due within one year 3,592 3,582 Net Current Liabilities 358,159 305,847 Net Assets 362,413 310,101 Unrestricted Funds Accumulated Fund Excess Income l (Expenditure) For The Year 310,101 52,312 251,923 58,178 362,413 310,101 In pr¢paring these fiiiancial slatements: For the Ye ended 31 Deceniber 2023 the charity was entitled to exeniption from audit under section 477 of the Compatiies Act 2006 relating to small companies. The Trust¥knS rebpoiisibilities; The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The Truste¢5 acknowledge their responsibilities for complying with the requireinents of th¢ Act with respect to accounting records alld the preparatioii of accounts. These accounts have been prepared in accordance with the provisions applicable to coinpanies subject to the sniall coinpanies regitne. The accounts were approved by the board on the 23 May 2024 alld signed OD Its behalf. Marek Banasiak The notes on page 5 fonn part of these accounts.
Page 5 THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting Policies Basis Of Preparation Of Accounts The accounts have been prepared under the historical cost convention using the following accounting policies. Income Resources and Expenditure Income and expenditure is included on an accruals basis and is allocatted to the different categories of the Statement of Financial Activities on a basis which reflects the day to day operations of the charity. Cashflow The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that is a small cornpany.
Pag¢ 2 ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN FOR THE YEAR ENDED 31 DECEMBER 2023 As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31 December 2023, set out on pages 3 to 5 and you consider that the company is exempt from an audit. In accordance with your instructions, I have compiled these unaudited accounts in order to assist you to fulfill your statutory responsibilities from the accounting records and information and explanations supplied to us. WSMantz&Co Chartered Accountants 90 Brixton Hill London SW2 1QN Date.. 23 May 2024