| Trustees | Marcin Kalinowski |
|---|---|
| Monika Kobylec | |
| Richard Wojciech Tobiasiewicz | |
| Tomasz Szpringer | |
| Wiktor Moszczynski | |
| WlodzimierzAnthony Christopher Mier- | |
| Jedrzejowicz | |
| Janusz Wajda | |
| Malgorzata Nyga | |
| Zaneta Brudzinska | |
| Secretary | Wlodzimierz Mier - Jedrzejowicz |
| Charity number | 236745 |
| Company number | 00816310 |
| Registered office | 238-246 King Street |
| Hammersmith | |
| London | |
| W60RF | |
| Auditor | Richard Place Dobson Services Limited |
| 1-7 Station Road | |
| Crawley | |
| West Sussex | |
| RHIOIHT | |
| Solicitors | Bates Wells |
| 10Queen Street Place | |
| London | |
| EC4R IBE |
| Page | |
|---|---|
| Trustees report | 1-8 |
| StatementofTrustees report responsibilities | 9 |
| Independent auditor's report | 10- 12 |
| Statementoffinancial activities | 13- 14 |
| Balance sheet | 15 |
| Statementofcash flows | 16 |
| Notes to the financial statements | 17 - 28 |
| Barbara Bakst | Resigned 7 April 2024 |
|---|---|
| Damian Kazimierz Barczyk | Resigned19November 2024 |
| Dr Marek Conrad Laskiewicz | Resigned 9 November 2024 |
| Elwira Olbrich | Resigned13June 2024 |
| Jan Dariusz Wurszt | Resigned19November 2024 |
| Janusz Wajda | Resigned I May 2024 and Appointed19November 2024 |
| Jaroslaw Klys | Resigned 30 September 2024 |
| Malgorzata Nyga | Resigned18June 2024 and Appointed I 9 November 2024 |
| Marcin Slawomir Kalinowski | Resigned17June 2024 and Appointed 9 November 2024 |
| Marek Jakubowski | Resigned 7 April 2024 |
| Mariusz Wozniak | Resigned19November 2024 |
| Monika Kobylec | Appointed19November 2024 |
| Richard Zoltaniecki | Appointed I October 2024 and Resigned 9 November 2024 |
| Richard Wojciech Tobiasiewicz | Appointed19November 2024 |
| Ryszard Zoltaniecki | Resigned 9 November 2024 |
| Sylwia Kosiec | Resigned19November 2024 |
| Tomasz Lech Kliszewski | Resigned19November 2024 |
| Tomasz Szpringer | Appointed19November 2024 |
| Wiktor Moszczynski | Appointed19November 2024 |
| Wlodzimierz Anthony Christopher Mier-Jedrzejowicz | Appointed19November 2024 |
| Zaneta Brudzinska | Resigned 4April 2024 and Appointed19November 2024 |
| IwonaAgata Zaluska | Resigned 4 April 2024 |
POLISH SOCIALAND CULTURALASSOCIATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF POLISH SOCIAL AND CULTURAL ASSOCIATION
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work for this report. or for the opinions we have formed.
Darren Harding (Senior Statutory Auditor) 27/05/2025 Richard Place Dobson Services Limited
Chartered Accountants Statutory Auditor
Ground Floor 1 - 7 Station Road Crawley West Sussex RHI0 lHT
Richard Place Dobson is eligible for a ointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
page 12
| Current financial year Unrestricted funds general 2024 Notes £ Income from: Donations and legacies 3 313,668 Charitable activities 4 696,285 Investments 5 327,789 Total income 1,337,742 Expenditure on: Charitable activities 6 1.438,934 Total expenditure l.438,934 Net expenditure (101,192) Other recognised gains and losses: Other gains/(losses) 12 (16,449) Net movementinfunds 8 (Il7,641) Reconciliationoffunds: Fund balances at 1 January 2024 2,316,434 Fund balancesat31 December 2024 2,198,793 |
Unrestricted funds Designated funds 2024 £ |
Unrestricted funds Designated funds 2024 £ |
Restricted funds 2024 £ 215,176 |
Total 2024 £ 528,844 696,285 327,789 |
Total 2023 £ 3Il,135 719,836 235,388 1,266,359 1.922,293 1,922,293 (655,934) 1,983 (653,951) 10,650,945 9,996,994 |
|
|---|---|---|---|---|---|---|
| 7,680,560 7,680,560 |
215.176 215.176 215.176 |
1,552,918 1.654,110 |
||||
| 1.654,110 (IOI, I 92) (16,449) (II7,641) 9,996,994 9,879,353 |
| Prior financialyear Unrestricted funds general 2023 Notes £ Income from: Donations and legacies 3 lll,026 Charitable activities 4 719.836 Investments 5 235,388 Total income 1,066,250 Expenditure on: Charitable activities 6 1,703.823 Total expenditure 1,703,823 Net income (637.573) Transfers between funds (560) Other recognised gains and losses: Other gains 12 1,983 Net movementinfunds 8 (636.150) Reconciliationoffunds: Fund balances at I January 2023 2,952,584 Fund balancesat31 December 2023 2,316,434 |
Unrestricted funds Designated funds 2023 £ |
Unrestricted funds Designated funds 2023 £ |
Unrestricted funds Designated funds 2023 £ |
Restricted funds 2023 £ 200,109 |
Total 2023 £ 311,135 719,836 235,388 1,266,359 1,922,293 1,922,293 (655.934) 1,983 (653,951) 10,650,945 9,996,994 |
|
|---|---|---|---|---|---|---|
| 200,109 218.470 |
||||||
| 218,470 (18,361) (18,361) 18,361 |
||||||
| 2024 Notes £ Fixedassets Tangible assets 13 Investment property 15 Investments 16 Currentassets Debtors 17 227,886 Cash at bank and in hand 1,590,802 1,818,688 Creditors: amounts falling due within one 18 year (167,635) Netcurrentassets Totalassets lesscurrentliabilities Thefundsofthecharity Unrestricted funds - general Unrestricted funds~Designated funds 21 |
£ 2,617,133 5,550,000 61,167 8,228,300 1,651,053 9,879,353 2,198,793 7,680,560 9,879,353 |
2023 £ 217,980 1,945,529 2,163,509 (135,957) |
£ 2,369,965 5,550,000 49,477 7,969,442 2,027,552 9,996,994 2,316,434 7,680,560 9,996,994 |
|
|---|---|---|---|---|
| Cash flows from operating activities Cash absorbed by operations Investing activities Purchaseoftangible fixed assets Proceeds from disposaloftangible fixed assets Proceeds from disposal of investments Investment income received Net cash generated from investing activities Net cash used in financing activities Netdecrease in cash and cash equivalents Cash and cash equivalentsatbeginningofyear Cash and cash equivalents at endofyear Notes 24 |
2024 £ (280,636) (5.906) (11,690) 327,789 |
£ (384.284) 29.557 (354,727) 1,945,529 1,590,802 |
2023 £ (11,037) 235.388 |
£ (850,746) 224,351 (626,395) 2,571,924 1,945,529 |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 313,668 | 313,668 | 111,026 | 111,026 | ||
| Grants | 215,176 | 215,176 | 200,109 | 200,109 | ||
| 313,668 | 215,176 | 528,844 | II 1,026 | 200,109 | 311,135 | |
| --- | --- | --- | --- | |||
| Grants | ||||||
| MKiDN library grant | 215,176 | 215,176 | 200,109 | 200,109 | ||
| 215,176 | 215,176 | 200,109 | 200,109 | |||
| --- | --- | --- | --- | --- | --- |
| Charitable | Facilities, | Total | Charitable | Facilities, | Total | |
|---|---|---|---|---|---|---|
| rental income | Arts Centre, | rental income | Arts Centre, | |||
| Theatre and | Theatre and | |||||
| Jazz Cafe | Jazz Cafe | |||||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Saleofgoods | 485,628 | 210,657 | 696,285 | 556,686 | 163,150 | 719,836 |
| --- | ||||||
| --- | --- | --- | --- | |||
| Analysis by fund | ||||||
| Unrestricted funds - general | 485,628 | 210,657 | 696,285 | 556,686 | 163,150 | 719,836 |
| --- | --- | --- | --- | --- | --- |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Rental income | 234,225 | 193,142 |
| Otherincome | 93,564 | 42,246 |
| 327,789 | 235,388 | |
| --- |
| Direct costs Staff costs Depreciation and impairment Donation to POSK Foundation Grants payable Legal and professional Printing, postage. and stationary CostofJazzCafeevents Otherexpenses Rates Speakers and performers' fees and expenses Repairs, renewals and property maintenance Insurance Advertising Cleaning Maintenance Heat & light Shareofsupportandgovernance costs (see note7) Support Governance Analysisbyfund Unrestricted funds - general Restricted funds Supportcosts allocated to activities Staff costs Accountancy Governancecosts Analysed between: Charitable expenditure |
Charitable expenditure 2024 £ 476,754 39,374 17,808 41,429 36,852 43,860 172,794 71,594 111,665 66,342 54,628 55,655 94,747 147,996 120,660 1,552,158 92,702 9.250 1,654,110 1.438,934 215,176 |
Charitable expenditure 2024 £ 476,754 39,374 17,808 41,429 36,852 43,860 172,794 71,594 111,665 66,342 54,628 55,655 94,747 147,996 120,660 1,552,158 92,702 9.250 1,654,110 1.438,934 215,176 |
Charitable expenditure 2023 £ 453,749 27,343 500,000 24,168 35,024 18,608 36,865 121,817 40,890 79,611 59,706 56,424 68,333 88,910 96,042 113,826 1,821,316 92,227 8,750 1,922,293 1.703,823 218,470 1,922,293 2023 £ 74,328 17,899 8,750 100,977 100,977 |
|
|---|---|---|---|---|
| 1,654,110 2024 £ 77,611 15.091 9,250 101,952 101,952 |
||||
| 8 | Net movementinfunds | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| The net movement in fundsisstated after charging/( crediting): | |||
| Fees payable for the auditofthe charity's financial statements | 9,250 | 8,750 | |
| Depreciationofowned tangible fixed assets | 39,374 | 27,343 |
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| House | 10 | 10 |
| Library | 6 | 6 |
| Part Time | 4 | 5 |
| Total | 20 | 21 |
| --- | --- | |
| Employment costs | 2024 | 2023 |
| £ | £ | |
| Wages and salaries | 501,738 | 479,221 |
| Social security costs | 42,713 | 39,485 |
| Other pension costs | 9,914 | 9,371 |
| 554,365 | 528,077 | |
| --- |
| Othergainsorlosses | ||
|---|---|---|
| Unrestricted | Unrestricted | |
| funds | funds | |
| general | general | |
| 2024 | 2023 | |
| £ | £ | |
| Foreign exchange gains/(losses) | (16,449) | 1,983 |
| --- | --- |
| Cost At1January 2024 Additions At3 1 December 2024 Depreciation and impairment At1 January 2024 Depreciation charged in the year Eliminated in respectofdisposals At31December 2024 Carrying amount At31December 2024 At 3 1 December 2023 |
Freehold land and buildings £ 3.240,430 145,847 3.386,277 1.109,870 (5.906) 1.103,964 2.282,313 |
Freehold land and buildings £ 3.240,430 145,847 3.386,277 1.109,870 (5.906) 1.103,964 2.282,313 |
Plant and equipment £ 100.734 134,789 |
Fixtures and fittings £ 897.247 |
Fixtures and fittings £ 897.247 |
Total £ 4,238,411 280,636 4,519,047 1.868,446 39,374 (5,906) 1,901,914 2,617,133 2.369,965 |
||
|---|---|---|---|---|---|---|---|---|
| 235,523 86,329 16,874 103,203 132,320 14,405 |
897,247 | |||||||
| 672.247 22,500 |
||||||||
| 694,747 | ||||||||
| 202,500 | ||||||||
| 2.130,560 | 225.000 |
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At I January 2024 & 3 I December 2024 | 49,477 |
| Carrying amount | |
| At 3 I December 2024 | 49,477 |
| At31December 2023 | 49,477 |
| 2024 | 2023 | |
|---|---|---|
| Amounts falling due within one year: | £ | £ |
| Trade debtors | 117,888 | II1,278 |
| Other debtors | 70,156 | 49,184 |
| Prepayments and accrued income | 39,842 | 57,518 |
| 227,886 | 217,980 | |
| --- | ||
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Other taxation and social security | 10,114 | 30,325 |
| Trade creditors | 47,614 | 31,114 |
| Other creditors | 72,193 | 33,972 |
| Accruals and deferred income | 37,714 | 40,546 |
| 167,635 | 135,957 | |
| --- | --- |
| 19 | Retirement benefit schemes | ||
|---|---|---|---|
| 2024 | 2023 | ||
| Defined contribution schemes | £ | £ | |
| Chargetoprofit or lossinrespectofdefined contribution schemes | 9,914 | 9,371 |
| At 1 January | Incoming | ResourcesAt31December | ResourcesAt31December | |
|---|---|---|---|---|
| 2024 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| Library Grants/donations | 215,176 | (215,176) | ||
| --- | --- | --- | ||
| Previous year: | At 1 January | Incoming | ResourcesAt31December | |
| 2023 | resources | expended | 2023 | |
| £ | £ | £ | £ | |
| Library Grants/donations | 200,109 | (200,109) | ||
| Restricted library legacy | 18.36] | (18,361) | ||
| 18.361 | 200,109 | (218,470) | ||
| --- | --- | --- | --- |
| Land & Buildings Fund Investment Property Fund Previous year: At At |
1 January 2024 £ 2,130.560 5,550,000 7,680,560 1 January 2023 £ 7,680.000 |
TransfersAt 31 £ TransfersAt 31 £ 560 |
December 2024 £ 2,130,560 5,550,000 7,680,560 December 2023 £ 7,680,560 |
|---|---|---|---|
| Unrestricted funds general 2024 £ At31 December 2024: Tangible assets 486.573 Investment properties Investments 61,167 Current assets/(liabilities) 1,651,053 2,198.793 Unrestricted funds Designated funds 2024 £ 2.130,560 5,550,000 7.680,560 |
Total 2024 £ 2.617,133 5,550,000 61,167 1,651,053 9.879,353 |
|---|---|
| At31December 2023: Tangible assets Investment properties Investments Current assets/(liabilities) Unrestricted funds general 2023 £ 239,405 49,477 2,027,552 2,316,434 Unrestricted funds Designated funds 2023 £ 2,130,560 5,550,000 7,680,560 |
Total 2023 £ 2,369,965 5,550,000 49,477 2,027,552 9,996,994 |
|---|---|
| 24 | Cash absorbed by operations | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Deficit for the year | (101,192) | (655,934) | |
| Adjustments for: | |||
| Investment income recognised in statementoffinancial activities | (327,789) | (235,388) | |
| Foreign exchange differences | (16,449) | 1,983 | |
| Depreciation and impairmentoftangible fixed assets | 39,374 | 27,343 | |
| Movementsinworking capital: | |||
| (Increase) in debtors | (9,906) | (I ,653) | |
| Increase in creditors | 31,678 | 12,903 | |
| Cash absorbedbyoperations | (384,284) | (850,746) | |
| --- | |||
| 25 | Analysisofchanges in net funds | ||
| The charity had no material debt during the year. | |||
| 26 | Non-audit services provided by auditor |