Charfty Rogl¥tratlon No. 284461 THE MEDICALAID FOR POLAND FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE MEDICALAID FOR POLAND FUND LEGAL AND ADMINISTRATIVE INFORMATION Patrons The Baroness Cox The Rl. Rev. Davkl Congtanl, Bl8hop of Leed$ The Lord Nlcholas Windsor OAclec Leon Knabil OSB KYSofz9nussl $ts08 Dr. BozeTra Lask(lcz, D.L.. D.C.S.S,, F.R.C.S. (Chairl Imia Pietron. BA.{Hons). B.Ed. Anna Bentkowska-Kafel Ph. D. Executfvg committeo J8n W. Ledochowskl, M.K (Econl (Cantsb) Anna Benlkowska.Kafel, Ph.D. Andrzei Cz8mlalew Krystyna Wilklnson Fund ralslng c(#nmitto0 Hanna Groszek Irenka Pohvorowska Marla Jaczynska, NDD {sculpL>, ATC Ur8zula Jaro8Z Basla Zarzycka algorzala Woj8wodzka Chaiity numbor 284461 PrfndpAI &ddro8$ POSK 23&246 Klng Street London ORF Indopondont oxamln8r Kend8i1 Wadlgy LLP Granta Lodge 71 Graham Road Malvem Worcestwshlrv WR14 IIS Bank•r8 HSBC P.0. Box 260 46 The Broackny Eaflng London W5 &JZ citl Hand ul. Senator8k8 16 Cil.923 Warszawa
THE MEDICALAID FOR POLAND FUND CONTENTS Pago Tru8te8s' report Statement of Iwsteeg responslblThllgS Indepond8nt examinerfs report St81emenl of finsnct81 actmlies Balanc* 8h06t Notes to the aco)unts 8-15 Statement of tpvenue and expendNure 16
THE MEDICALAID FOR POLAND FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Irust8es pr88enl Ihelr report and acoounls for Ihg year ended 31 Dmber 2023. The fin8nd81 slalements have been ppared In ac(¥)rdance with the accounting pollcyes set out In nol8 1 to the flnanclal 8talemtrnl and CoMY wllh the CharitS Trust Oeed, the Charities A¢t 2011 and "Accounting and Reporling by Charlties.. Slalement of Recommended Practice applicable to charftiès preparsng their'acLounts ccordance with the Flnaneial Reportiiig Standayd appltcablo in the UK and R8public of Iroland IFRS 102) Secllon 1 A (offg¢llvg 1 January 2019). Objectlves and aGtlvlile8 Tha charills objeiveS continued lo be that of pyovldlng ald to poople In Poland who are in ntIonS of need, hardshlp or d181ress or0 8re SI and In need of med1 aid. Th& Trustees confirm IhAI they have complled th the diity In sedon 17 of Ihe Charttfes Act 201110 hav8 duo regard to the Ch8rlly Commisslon's ger31 guldanc8 on public benefiL'Charrt 8nd Public Bonefiv. Dtwlny tha year the chBrity carrted on the objectwes as ¥tsted above, In provkllng aid to 0P18 kn Poland. The charitls oblectlves contlnu& lo be achlevgd. A¢hl•vom?nts and porfomwnc Flnandal r•vlew The blal incoming resources excluding covid-19 government amounted lo £153.707 for the year12022 £73,3W, ofwhi¢h £153.707 related to Unrestricted funds aThJ £nll related to restrith(I funds. The unrestrithd fund Incomlng r6sourw from g8norat8d funds of£153.707 comprfsed - Volunf8ry tnGome of É149.540. Indudtng £127.529 lègacy Inc(Mne, for whlch tho chariiy is extremety gratsful - Otherfvndratsing income of £4.167 Totsl reseNes held are £174.357 (2022 £111.2921 whk* Indudos rfrstricted fijnds of £nil 12022 £nlll, d6signated funds of £20,0 leavjng free reseN8s after allowng for tanglble fixed assets of £154.275 P022 - £91,173). Desnated fvnds aro those unrestslGted funds that Trustees have agreed to 88t aside for spedftc purposes. and indude an amount lo coverwlnikup (x)sts. In ardance wilh good practice guidance this includes three mnths, contral running ojsts, slalutory redundancy for all staff who qualify unilor ¢urrenl leglslalion, and all other outstsndlng commitments of th8 (51y. This currently equates to £20,000. Under Its charftabl8 trust deed. the ¢hwiiy has the powerto make any investmen18 vthlth the twstees see tIL The trustees act8 revlew the Ma1 risks which the chlty [aS on a regular basfs ond beIve that maintaining a desigfi8letl fund Indudlng three months, Wth ol running COBIS of the charity, comblned wlh the charity's annual reiAew of the contmls over key finandal sy$l6ms cathad out through ali Intem dI1 programme, wtll prOdfr wfficlenl ro$our¢gs in the evenl oladvgr88 condrtsons. T1 Iru$le8$ hav8 aso examined other op8ralional and buslness rtsks whkh charfy fAcos and confirm that they hav8 88taltshed syslems to mllvJate the slgnlficant rtsk8. The chaiity ra188 more funds as many reqLts being rerEived. The d)arity Intsnd8 to cx)ntinue givlng thBlr support as and r8qukèd. 8ub5ect to fund avall8bllMy.
THE MEDICALAID FOR POLAND FUND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Stru¢ture, yovemance and management The charily was established by 8 (*arilable trust deed on 10 March 19B2. The trustees who served during the year were.. Dr. Bozena Laskiewicz. D.L., D.C.S.S., F.R.C.S. (Chairl Andrzej Blonski (Vieè-Ch8irl Irma Pietron. B.A. (Hon51, B.Ed. Anna Bentkowska-Kafel Ph. D. (Secretary) We are very sad to report th8t Andrzej Blonski died after the year end. on 23 March 2024 Thè executive committee mernbers during the year were as follows.. Jan W. Ledochowski (Tr8asurer) Anna Bentkowska-K3fel Andrzej Czerniajew Kryslyn8 Wilkin50n The fund raising committe& members during the year were as follows.. Hanna Groszek Irenka Potworowska Maria Jaczynska, NDD {sculpt.}, ATC Urszula Jarosz Basia Zarzycka The trustees rgceThie training al trustees. meetings, as is deemed appropriate. The charity 15 managed by its trustees and the executiv& committee membeTS. who sel the remuneration of the chaTity staff. No trustees or committoe membtsrs are in receipt of remuneration. The Charity sometimes needs to react very quickly lo parti¢ular emergencies and has 8 policy of keeping any surplus liquid funds in short-tèm doposits which can ba accessed readily. Medical Aid for Poland Fund works dosely with several olhei org8nisalions including.. - The Wrodaw Medir4lAcademy ladrnini51ering the Niedzwirski bequesll Rector of Polish R.C. Mission The Federation of Poles in Great Britaln Ognisko Polskie {Polish Hearth) Club - The Polish MedicalAssocialion - The Polish Ex-combalants. Association The Polish Scouting Association (outside Poland) - Polish Women's Benevolent Association Polish Social & GulluralAssociation IPOSKI - The Relief Society for Poles - The Veritas Foundation The trustees. report was approved by the Board of Truste6$. Dr. Bo Trustee Dated.. 5 July 2024 ena Lasklewi¢z. D.L.. D.C.S.S.. F.R.C.S. (Chair) Anna Bentkowska-Kafel Ph. D. Trustee Dated.'5 July 2024
THE MEDICALAID FOR POLAND FUND sTATEmEr OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Tho trustees are responsib for prewing the Tru81oes' Report and the finanaal statements in 8c¢ordanc8 with appll¢able 18w and United Kingdom Accounting StarKlard¥ {Unlted Kingdom Generalty Acceptod Aceounling Practlce}. Tho law applicable lo chaiitses in England and Wales requlrgs the trustees lo prepare finand818tatements trjr each fin8ndal year whlch give a true 8nd tdir view of Ihe state of aff8tr8 of th6 tharity otid of the Incomlng re80urces and apptication of resources of Ihe chartty for that year. In prep8ring these finandBI statements. the iwstee8 requlred to.. - select Buitable anIIng poNC$ and Ihen apply th8m conststenlty., - observe the methods and principlos kn thg Charities SORP: - mgke ludgefflents and estlmates that are Teasonab and PTudent', - 3tate whether appllcable scrUnI1ng sdardS liave been foHL)wed. 8ubJed to any maledal deparhAres disdo8 and exaIned In th8 Ilnallclal statsmnt8.' and - prepare the finandal $lBtemenls on the goiry concem ba5FS unle881118 Inapproprfate lo presume that charlty 7th11 conllnue in operatlon. The trustees Bre responsible for keeping sufficlenl accoUnng records Ih8t dlsd(>se wHh reasonablè 8ccur8cy at any ttme the finan¢Sal posillon of the charlly anil enable them lo ensuie that the finan¢lal slal8menls Comply with the Charitses Act 2011, the Charity IA¢counls and Reports) Regulations 2006 and Ihe promsions of the trust deed. They are also re8pon8ibie for 8afeguardlng tho 88s¢ts of the charily and hence for taknng reasonabl& slaps for the provontion and detectN)n of fraud and other irregulaiitle8.
THE MEDICALAID FOR POLAND FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MEDICALAID FOR POLAND FUND I report to the charlly Iru818e8 on my examlnallon of tho account8 of th& charity for the y.ear ered 31 De¢embgr 2023 which are sg1 oul on pag06 5 10 16. Responslbllltlos and ba858 of roport As the trustees ol the tharlty you are reSponsle for the preparation of the finAnual statements In a¢cord8ncè wlth thg requSrements of the ChafMlesAct 2011 (the 2011 Act). I report In respect of my examlnaflon of the charlty'8 accounts carrfed out vnder section 145 of the Acl and in carrying out my examination I have fdlowed all the applicable Dlrgctlons gfven by Ihe Charmy Commlsglon under section 14515)Ib} of the Act. Indepondènl examlnerfs $tatsmgnt I have Qompleled my axamln8llon. I conflmi that no matters have com610 my altenllon In connèthn with the gxamSnation giwng me cause lo bglleve Ihal In any malfyrlal rospect.. accounllng records W8r8 not kept In respect of tha charity as roqulred by secilon 130 of th8 2011 Art or the financial statements do not ae£ord wllh those records., or the financAal slatomenls do not comply with the applicable requlrem8nts con¢eming the lorni and content of accounts set out In th8 Chawltles (Accounts and Reports) Regulatk)ns 2008 other than any requlrement Ihal the arLounls give a true and falr vlow whl¢h Is not a matter con81dered as part of an independgnl examlnalhjn. l. have no con¢gms 8nd have come across no other matters In conngcilon wtth tha examination to whkh attenlion 8houkl be drawn In thi¥ report In order to enable o propor understsndlng of the financial statements to be reached. Sarah Morfey BA (Hons) ACA Inslllule of Chartered Accountants In England & Walgs Kendall Wadley LLP Granta Lodge 71 Graham Rood maern Worcestershire WR14 2JS D8t8d.' 5 Juty 2024
THE MEDICALAID FOR POLAND FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 CunBntfinanclal yèar Unrestrlcted Unre8trl¢tod funds fund8 general de81gnatod 2023 2023 Totsl Total 2023 2022 Vofunlary in(xJme Trading activities Investments 149,S40 4,167 149,540 4.167 66.367 6.956 Total Incomg 153,707 153,707 Charitsble activlties 90.842 90,642 104.393 Not In¢omo11gxpgndlturg) for tho yeaTI Not mov¢ment In funds 63,5 63.065 (30.997) Fund balance8 at 1 January 2023 91.292 20,000 111,292 142,289 Fund balan¢•$ at 31 Docombor 2023 154,357 20,000 174.357 111,2¥2 The $tstement of Ilnan(4al actfvltles Indudes 811 galns and losses racognlsed in Ihe year. All income and expenditure dertve from ntInuIng aditles.
THE MEDICALAID FOR POLAND FUND STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Prfor fln•nclal year Unro$trl¢t•d Unrestricted fund$ fundB gengral dg$lgn•tgd 2022 2022 Totsl 2022 Notè¥ Voluntary income Trading activitlas Investments 66,367 6,956 73 66,367 6,956 73 Total Incomg 73.396 73,3 Charitable acliviU8s 104,393 104,393 Gross transfers betsveen fvnds Net Incomellexpendlrn) for tho yoarf Ngt movement In funds {2.500) 2MO 133,497) 2,500 {30.99n Fund bBlancos at 1 January 2022 124,789 17,500 142,289 Fund balanGg8 at 31 D9eombor 2022 91.292 20,C()O 111,292
THE MEDICALAID FOR POLAND FUND BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Notes Fixed a$sots Tangible assets Currant assets Debtors Cash al bank and in hand 12 81 119 15 160 177.1 160 113,814 177,356 113,974 CredltOf5: amounts hlliny wlthln onè yèar 16 13.0801 12,801) Net current assets 174.276 111,173 Total assets less Guent liabllltles 174.357 111,292 Income funds Designated funds General unrestricted fu8 17 20,000 154,357 20.000 91.292 174,357 111,292 174,357 111,292 The finanaal statements were approv8d by the Tr*Jstees on 5 July 2024 Dr. Bozena L8Sklew, D.L.. D.C.S.S., F.R.C.S. (Chairl Trustee Anna Benlkowska-Kafel Ph. D. Trustse
THE MEDICALAID FOR POLAND FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Chrity infomiatlon The Medlcal Ald For Poland Fund Is an unincorporated d)arity regbstered with the Ch8rity Comm1s8ion for England ond W85as. The prinrApal addrass 18 POSK, 23&246 Ktng Street, LoNlon, W6 (NIF. 1.1 A¢counting convontlon The a¢¢o(tnts have been prepared In acccfdance with the charlty's Trust Deed. the Charilles Act 2011 and 'Ac¢ounting and Reporllnu by Charities.. Siatemonl of ReConended Pract1 applicable lo chaiities pf8parfng thelr a¢counls In accordance whh tho Flnancial Reporting Standard applS¢able In the UK and Republlc of Ireland IFRS 1021 Sectlon 1A" {48 8m6nded for arLounling perfods comnienclng from 1 January 20161. The ¢h8rty Is a Public 8an&fft Enlily as defined by FRS 102. The charfty has taken advant8ge of the provlslons In the SORP for charttlas apptylng FRS 102 Updala Bullefjn 1 not to prepare a Stslament of Cash Flows. Tho flnandal 81al8ments are prepareil In sledlng. which Is th8 fundonal rrencY of the charily. Mone18ry amounts In thesa finon¢lal slalement8 ar6 rounded lo th& nearest £. The fin8ndal 8ts1emenls have begn prepared under the hl8torlca5 CSt conventlon. The princijal ac¢ounllwJ policles adopted are sel oul below. 1.2 Going concgm At thè lirne of 8pprovlnu the ftnanL4al slatemenls, the trustees liave a reasCabl8 expgctatlorb that the charity has adequalg resources lo conlinue In operallonal exlslence for the foreseeable future. Thus the ITiislees ¢ontinu8 lo adopt the going concern basls of aco)unlng in wep¥lng Ihe flan[ stslements. 1.3 Charftable fund# Unreslrfcted funds are avallable for Use at lh8 dl8(elfon of the tsvsteos In furtheran¢e of their charitable objectives. Funds hold by the charfty ore.. Unrestricted gengral funds - these are fvnds whl¢h can be used in accordanco wlth the charitaL4e objects at the dis¢retlon of the Iru81ees. Restrlcted funds- these are funds that can only bg used for p8cUlar reslrictad purposes thIn the objects of the charity. Restrlclons arise when spea&d by the donor OT when funds 818 r818ed ftsr partlcular festricted purposes. Further exptanatlon of the natur8 and pury)ose of each fvnd Is Inddl In the notes lo the a(tounl8. Endowment fund8 are 8Lthject to specilic condllions by don0 that the ¢8pllal musl be maintalned by the thaiily. 1A Incoming resourc8s Income is recognised when the charily is legally gntllled to it afÉor any porfonan condiUon8 hav8 b88n m8L thè amounts can measured reliably, and il Is probable Ihal income WIN be ¥eceived. Cash don811ons are recognised on recelpl. Olher donallons are rocoun18ed onc8 thè tharrty has been nollfled of the donation. unless perfonnance conditions requim defoiral of the amount. Incorne lax rocoverabla In retatlon to donallon8 roc8Iv8d under GIftAkl or deeds of Conant Is recognised Bl the lime of Ihe donation. Legacias are re¢(nIsed in the SOFAwhan Itls prd)abte Ihal Ih6y VAII ba r6celved. Olhgr Income con7PTlses gf Income that (k)as not faAI 5nlo any other Intx)m6 category.
THE MEDICALAID FOR POLAND FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 A¢countlng polloles Icontlnugd) 1.5 R•soUrC oxponded ExpèndStur8 Is ree4)gnlsed onc theye Is a 19gal or n$(TUd1Ve obligation to Irarbsfer economic banofit to a third paTty, il is probatrAe that a transfer of economic b8t)efts wlll be required in setUemenL and the amount of the obligallon can be measured rekabty- Expenditure 1$ dassllled by adivNy. The Costs of each activty are made up of the ltstsl of dlr&t costs and shared costs. includlng 8UPPOrt costs Involved In und8ttsklng gach actlmty. Dlrect costs allribulaNg lo a sing actlvlty aro allo(led direc¢ty lo thal aclivity. Shargd LXSts whth contribute to morg than one activity and support ¢08ts which nol alttlbutable lo a single 8ctivty are apportroned betsveen those a¢tfvftfe8 on a basis ¢onsL%lent with the u88 of resoLtrces. Cèntral staff costs ar8 allo1 on the basis of Img srnL and deprg¢¢alion charg¢$ are allocated on the portion of thg assèt's use. C081s of generntlnu voluntsry In&)mo comprise the costs InCue by tha ch* to Induc8 ottwrs lo makg donatIS lo the charity. Tr8dlng costs c¢)mprfse the costs of aGllvitJes relating lo tradlng lo ralse funds or to rgall89 valuo of donated goods. AdNÉties In fuTU)erance of charilable obledivès undertaken dlrectly relate to expendtture Iru[rad as a dlrect result of undgrtaklng Ihe charblab18 Ot¥9CtiV85 of Iha charity. 1.6 fanglble flxed a8$6ts Tanglble flxed assets are In131 measured at ¢osl and 8ub8equently m68surad 81 o)sl or Vaallon. net of depredallon and any impalmenl kJs8es. Deprec18tlon Is recounlsed so as to wrfl& off the cost or valuatton of assets tess their resfdual Va$ overthelr us8ftd1fv6s on U)e foll(wAng ba888'. Fixtwes. Iltting8 & equlpmenl 15% on not book v81ue and 33% on cosl Tho galn or ross arlslng on the dlsposal of an assat is determkned as tha differen¢o beiweon the sale ptocèeds and the carrylng value ofthe as$81, and Is re¢ognised kn the stslemenl offinanclal act418. 1.7 Imp8lrnwnt offlx8d assgts Recoverable arnounl is ihe hpJheT of falr value less rA)s18 to sell and value In use. In assesslThJ value In usè, tho esllmaled future cash11ows are dlscountgd to Ihelr pr95ent V6 using a pre-tax discount rate that rellgcts current market assessments of the Ilme value of mlmey and the risks spedfic lo the asset for which th& esllmates of ftrture oash flows have not been adjusted. If th6 recoverabfe amount of an asset is estlmated lo be less than its amunt, the rArying amount of the asset is reduwl to its Tecoverabk arnount. An Impalmlent Ioss 18 rocogni¥ed Immedlalety In Incomal (exp8ndhure for tha year, unlo88 the relevant asset Is carrigd at a revaEued amount. in whlch ca$& Ihe impwrrnent t058 Is treated as a revalu8tlon decrea88. Recogn188d ImpaIrJnt losses are ievgrsed if, and only if, the roasons for the hnpairment loss have c8ased to app1. Wfftere an impaimient loss Subsequ1 reverses, the Carrying amount of ttie asset is increas8d to the revi$8d eslÉmale of its Tewrable amount. but so Ihal the inLY8ased carrylng amounl do8s not exceed the carwng amount that would ha bgon delemilnad had no impairment k)$8 been re(xygnl$ed for tho asset in prior years. A reversal of an impalmM)I10ss18 recounised immodialdy, unless the retevant asset Is carFled In 81 a revalued Amount, fn whlth 88 the rewsaf of lh8 IMpalmnt k)ss Is troat8d as a rfyyaluall)n Increase.
THE MEDICALAID FOR POLAND FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounllng poll¢le$ Icontlnugdl 1.8 Flxed a¥$et investments Fixed asset Invtrslments are Inltially measured al transactkjn prlco exclvdlng transacllon costs, and a sUbSU8nlly measured at fair value at each reportlng date. Changes In fair Wdlue are recognised tn nel h)comel{expendilur81 for the year. Tran$acUon oosts ar& expensed as IVrred. 1.9 Ca$h and ¢a8h èqulvalents Cash and cash equlvalenlB include cash in hand, d8POSits held at call th banks other BIrt-tem1 Ilquld Inve8tmenl8wlth ortglnal maturitio$ oflhree months or less, and bank overdraft8. l.lil Financlol Instrumonts The charity has alected lo apply thè provlslons of Section 11 'Basic Finandal Inslrum9nl$' gnd Seollon 12 'Olher Flnandal Instrumen18 Issues, of FRS 102 to all of rts finaneAal instruments. FInan instruments are recognlsgd In the ¢harlWs balanc8 sheet when the charfty becomes party to th9 contractual provislons of the InstrumenL Financial assets 8nd Ilabllilles are offset, with the net amount$ prgsentod in tho llnandal 8ts1ements, when there18 a legal enforreable rfght to sel off the recognlsed amounts and there Is an Inlenllon to setlle on 8 nel basis or to realise the asset and seltlo the liabllity slmultaneously. Basle flnan¢lalassets Basic fin8ndal ass&ts, whSch Indude deblorn and cash and b8nk boiBncos, are initlally m&a8ured at transa¢tlon prlce Indu(fing Irdnsaction c051s and are subsequenuy frrfed al amortlsed cosl u81ng th8 offactlve Interest method unless the arrang8menl cK)nslltul98 8 financing transaction, where the transaction is measured al the present value of tho future ceIpts dlscounted at 8 mrket rale of Interest. Finandal assets classified as rgGolvablo wllhln onè year are not amortised. Ba$1¢ flnanclalllabllltlos Baslo flnancfal Ilabllmès. Includlng credllors and b8nk108ns are Inltlalty rocognlsed at tran8a¢tlon price unless the arrangement cAJnsllules a financlng IransaolSon, where the debt instrument Is mgasured al the present value of the fLrtur6 paymgnts dls¢ounled at a markel rate of Interest. Finan¢lal li8bdiUes ¢lassifiod as payable wllhin one y8ar are not amort18ed. Debt Instruments are subsequgnlty carrfed at amortlsed cost, using the effective inter851 rala molhod. Trade ¢rg(Itors ar8 obligallons to pay for goods or Ser8 that have been acqulred In the ordlnary wurs8 (rf op&rallons from suppliers. Amounts payable are classifi8d as current liabilities if payment is due wilhin one year or less. If not. they are pr&¥enled as nO[¢rrant Ilabllitles. Trade credllors are recognised inlually al transadlon prfco and subsequently measured at amort1s9d cost uslng the effectlve Snleresl method. Derecognltlon of Ilnan¢lalllabllhle8 Financlal liablllles are derecognlsed whon the charws contractual oblgaltons expl or ara disthargèd or Can1[0d. 1.11 Employee b&nofits The cost of Bny vnused houday enlMlemonl18 recogni5ed in the period whth tho omployee's se1CeS are rwivod. Ternination benefils are (9gnISed Immedtately as an expense when th6 tharity is denM)nstrabty ¢c*DmSttgd tolgmilnate the employmont of an 8mployea OT to provlde termlnallon beneflts. 1.12 Rètlrement banoffts Payments lo definod conlrlbullon retIr[rt benefit Schemes ar8 charged 0$ an expgnse as thgy fam duo. 10-
THE MEDICALAID FOR POLAND FUND NOTES TO THE FINANCIAL STAIEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting poH¢l88 (Contlnuedl 1.13 For•lgn exchan Transactions denomlnaled In forelgn cuNan¢i&s 8re recorded al the rate rullng at tho date of the transa¢Alon. Monotsry assets and liabil1$ dencNnlnated in foreign twiren(#8s are translated it)to sterfing al the rale$ of exchange Nllng al the b8lanc& shfj8t date. All dlfferencE8 a Induded In net oirtgolng resour(s. 1.14 Dobtors Debtor8 represenl amounts owgd to the tharmy for goods and serCeS prnvldgd or amounts paid &lvanr foT 8eNces lo be rectiNed, measuTrd at the rgcoverable amount. 1.15 CrndltoY8 Credllors r8presonl the amount the charity anlwles A wlll pay to settle a dobl or a Pro$10n for goods and Sgwwces Ét l]as receNed nol yel hw01, m?a6ured al setllomgnl amount. Crlllcal aceounllng ostlmots$ and ludgements In opplication of the charills aLxounting poIles, the Irus188s ar8 raqulred to make judgem18, esthmates and assumptions 81)oul the ogrylng arnount of assets and Ilabillll8s that are N>t readlly apparent fr¢Jm other sources. The esllmatas and 8ssodaled 8ssumptlons are based on historical expoiloncg and other facirs thal are considered lo be relevant. Aithal results may dlfforfrom Ihese eslimBtes. The esUmate$ and undarlying assumption3 are reeWed on 8n ongolng basts. RevisK)ns to attounting esllmate8 aré re¢ognlsed In Ihe pedod in which the estlrnale is rtswseil where Ihe revislon aifects that perfod, or in the p6rfod of th8 rslon and future perlods whore the fe¥Aslon affgcfs both cuThent and future ods. Voluntsry In¢omo Unmtrl¢t•d Unre8tsl¢tsd funds fund8 g•noral gen•Yo1 2023 2022 Donations and glfts L8gacFes receivabl8 22.011 127.529 13,717 52,650 149,540 66.367 11
THE MEDICALAID FOR POLAND FUND NOTES TO T14E FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tradlng a¢tlvlti Unre•trl¢ted Unrestricted funds fund goneral g¥neral 2023 2022 Fundralslng events 4,167 6,956 Inveskngnts Total Unreitrlctsd nd¥ g•n•rnl 2022 2023 Inl6ra8t recelvabte 73 Charltsbla a¢tlvltle• Unrestrlctsd UnrestriGted fun(ts funds genernl general 2023 2022 Staff costs Depr8ciafjon and Impalrmenl Mèdlcal ald proded lo people In Poland 20,417 17.142 57.043 74.619 77,498 91,859 Share of support 8t8 (see note 8) Share of gov8m8nce cost8 {see nol& 8) 10.684 10,074 90,642 104.393 Descrfptlort ot charltabte actlvltlos The ¢harilable activtties are as desuibed in Ihe annual rgwt of the Trust. 12-
THE MEDICALAID FOR POLAND FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Support Govemanco costs Costs 2023 2022 Ba¥iB of allocauo Rent of offe Inswance Tatephone Legal and professtonal fees Bafik charges 6,228 678 549 216 3,014 6.228 678 549 216 3,014 6,452 Char4tsble actimtios 534 563 354 2,171 Indopendenl Examlnefs fees 2,460 2,460 2.460 Govemanc 10,685 2.480 13,145 12,534 Anatysed between Charitable advitles 10,685 13,145 12.534 Governance costs indudes charges payable lo tho Ind6pendent examiners Oneludlng unrecowrable VAT) of £2.460 {2022 £2,460) for eKaminalk)n ad accounts preparatlon. These costs ara allocated In proportlon lo the costs tncurred on charttable actiwlies and the costs of geneiailng fijnds. Support costs inthdes targè$ payable lo Kenilall Wadley LLP luiduding unrecoverBble VAT) of £21612022 £354) for payroil servSces. Tru$tsg$ None of the trustees lor any per80n8 o)nneotod wllh thgm) rgc•lved any ramuneralion, bgnefjls or r Imburs8d expenses from the charity during the year. 10 Employ8 Numbvof employoes The average monlhty number ofemployees during year vM8: 2023 Numbgr 21122 Number Offl¢6 and administrali Employmont Gosts 2023 2022 Wa0 and salaries Pension costs 19,997 420 16,832 310 20,417 17.142 Thefe were no employees whose annual remuneraOn vrds £80.000 or more. 41 Taxatlon The charky Is exempl frorn tsx on incomè and gains fa119 within Sectlon 505 of th6 Toxes Act 1988 or 88Ctlon 252 of the Taxalionof Chaigoable GalnsA¢t 199210 the exlenl Ihal these are appfied to Its ¢harilabie obiects. 13-
THE MEDICALAID FOR POLAND FUND NOTES TO THE FINANCIAL STATEMENTS (CONI'INUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tanglble flxod a88•ts FlxiuY8s, f41tlng8 & É4ulpinttnt Cost At 1 January 2023 14,215 At 31 December 2023 14,215 Depreciatlon and Impglmient Al 1 January 2023 Depreclalion charged in the ygar 14.098 38 At 31 December 2023 14,134 Carrying amount At 31 December 2023 81 Al 31 December 2022 119 14 Flnancial Instrumgnts 2023 2022 Canylng amount of flnanclal Ilabllld Measured 81 amort18ed cost 2.610 2.694 1$ Debtovs 2023 2022 Amounts falllng duo wlthln ona year: Prepayments and 8ccrued Income 180 16 Credltors: amounts falllng du• wlthln on• ar 2023 2022 othertsxaon and social aecurity Trade credllors Olhgr ¢redSlors Acuuals and doferred Incom8 270 54 296 2,460 107 174 2,460 3.080 2,801 14-
THE MEDICALAID FOR POLAND FUND NOTES TO THE FINAMCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Dgslgnated fund8 The income lunds of the d)arity Ilude the followlng deslgnated fund8 whtch hav& bo8n set ade OL* of unre6ts1cted fvnds by th& Irustegs for speclfic purposes.. Movement In fund8 al)n¢o •t comlng Re$ouT¢•S Bol•nc•at January 2023 rnS¢JUF OKpend8d 31 D¢cèmlJ 2023 Balanco at 1 January 2022 fjnding up resen 17,500 20.C4)0 20,000 17,500 Wmdlng up Serv8-ll 1$ the polloy of the chartty lo malntaln sufficlent unreslrfct8d r88erves, whlch ar¢ fr¢a reserves of the charity. to ck>sa (knwn the organisation. In accordan wllh Charty Comrnis5ion Guldelings Ihese repr8s@nl three month5. rkntral mnnlng ¢o$l$, stBtulory redundancy lor all staff who qualify undor current leglslallon, and all other outslandlng commltnwnts of tha ¢harfly. Th088 re8ms arg transferred from unreslricled reservès to (Joslgnated rgsenfes. 18 Analy¥l8 of n¢t866ets betwèen funds UnTe8tr1¢tsd D&slgn8tgd funds fund$ 2023 2023 Total Unrn8trt¢t•d DvJlgnatod fund$ fvnds 2022 2022 Total 2023 2022 Fund balan¢es al 31 Dember 2023 ar& ropresenled ty: TangSbl8 assets Currenl as8etslOiabllille61 81 154.276 81 174,276 119 91,173 119 111.173 20.CrfXI 20,000 154.357 20,000 174,357 91.292 20,0(X) 111.292 19 Relat•d party trangaotlon8 There We no (IsrAos8bb lated party transaction8 durlng th8 y&ar12022- none). 15-
THE MEDICALAID FOR POLAND FUND STATEMENT OF REVENUE AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Gros$ rov•nu Lggacles Donauons Fundraising Shop receipts Interest received Govemment Grdnl 127,529 22,011 4.167 52,650 13,717 6,958 Total grogs revenue 153,707 73,396 Expanditurn Lqedical Aid lo Poland- medlcal suppNe$ Wroctaw MedlGalAcadomy Shop e#pen8es Offke expen8e Posl8ue atKI stsllery Insurance Bank charges and Ex¢hangg rate movgm8nt8 Legal ¥nd professlonol fe8s Independent axamlners fèes Sundry expen8e8 Oepreuation 57.043 74,819 27,193 24,157 678 3.014 218 2,460 534 2,171 354 2.460 3B 98 Tolal expondlturo 90.642 104.393 Surplu8llD•ftclt) lor thè year 63,(5 (30,99n 16-