**Charity Registration No. 292231** 

**Company Registration No. 00405814 (England and Wales)** 

**POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

**ANNUAL REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 DECEMBER 2022** 



**POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**Trustees** As at the date of this report the management board consists of the following Trustees :- 

M Szablewski (President)* K J Reitmeier (Deputy President)* (Appointed 30 January 2022) A M Mankowska (Secretary General)* S Berkieta (Treasurer General)* F Peplinski (Chief Scout)* D Figiel (Chief Guide)* T Ciecierska (Head of Senior Scouting)* M Moszumanska (representative of the Scouting Auxiliary) Rev. K Tyliszczak (Chief Chaplain) (Appointed 28 January 2022) C Dutkowski (Regional Deputy President)* (Appointed 30 January 2022, resigned 17 November 2022) K Kawka (Regional Deputy President)* (Appointed 30 January 2022, resigned 17 November 2022) S Reitmeier (Regional Deputy President)* (Appointed 30 January 2022) A B Szwagrzak (Regional Deputy President)* (Appointed 30 January 2022) A J Wojno (Regional Deputy President)* (Appointed 30 January 2022) F Aghmalion-Konieczna (Regional Deputy (Appointed 30 January 2022) President) M Nowak (Regional Deputy President)* (Appointed 17 November 2022) Z Pisanski (Regional Deputy President)* (Appointed 17 November 2022) M Weglinska (Regional Deputy President)* (Appointed 19 June 2023) A Mahut (Board Member)* (Resigned 30 January 2022, Re-apointed 18 July 2022) R J Rospedzihowski (Board Member)* A Janczuk (Board Member)* (Appointed 30 January 2022) J Kaczorowska (Board Member)* M Nalewajko (Board Member)* (Resigned 9 August 2021, Appointed 30 January 2022, Resigned 17 May 2022) H Sandig (Board Member)* B Pawlikowski (Board Member)* (Appointed 30 January 2022) T Szadkowska-Lakomy (Board Member)* (Appointed 30 January 2022) A Macheta* (Resigned 30 January 2022) * also Directors for the purposes of company law **Secretary** A M Mankowska 

**Charity number** 292231 **Company** 00405814 **number Principal and** 23-31 Beavor Lane **registered office** London W6 9AR 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**Auditor** Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS **Bankers** Lloyds Bank plc PO Box 1000 BX1 1LT 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees report|1 - 5|
|Statement of Trustees responsibilities|6|
|Independent auditor's report|7 - 9|
|Statement of financial activities|10|
|Balance sheet|11 - 12|
|Statement of cash flows|13|
|Notes to the financial statements|14 - 24|





## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

The trustees who are also directors for the purposes of company law present their report and accounts for the year ended 31 December 2022. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". 

## **Objectives and activities** 

The policies adopted in furtherance of the charitable company objectives are to promote the physical, mental and spiritual development of Polish youth outside of Poland by Scouting and Guiding methods in accordance with the principles and traditions of the Scout and Guide movement. 

Polish Scouting Association (International) Limited is divided into regional units which the company oversees, coordinating overall policy and methodology. Training, support and continuous professional development of scout and guide instructors around the world is a key role for the charitable company. 

The charitable company has the following cost centres: 

- Governing Council and Management Board 

- International Scout Headquarters 

- International Guide Headquarters 

- International Senior Scouting Headquarters 

## **Public benefit** 

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake to provide public benefit. 

## **Achievements and performance** 

From the beginning of 2022, Covid-19-related restrictions began to ease gradually, such that by the end of the year, normal scouting activities had resumed. 

## (a) Governance Matters 

The triennial General Meeting took place in January 2022.  The meeting was held online, because Covid-related travel restrictions were still in force at the time.  The meeting was run in accordance with the General Regulations that had been approved in 2021. 

A new Management Board was elected, which now includes the Chairs of PSA Regions (Argentina, Australia, Canada, France, Ireland, UK and USA).  They act as Regional Deputy Presidents and Trustees of PSA International with full voting rights, but also as representatives of their respective Regions.  Their inclusion on the Board allows for better communication of matters affecting the Association as a whole, as well as giving the Board better insight into the operations of each Region. Smaller independent units, such as those in Austria, Belgium, Germany and Spain continue to report directly to the Scout and Guide International Headquarters. 

- 1 - 



**POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

The following were also approved at the General Meeting: 

- new procedures for qualifications and approval of PSA International members; 

- updates to the Terms of Reference for the World Advisory Council and the procedures and guidance for General Meetings; 

- new regulations for the Scouting Auxiliary organisation; 

- updates to the Articles of Association, to bring them in line with the Companies Act (2006); amend the objects to cover members in all the Association’s territories (not just UK); new Board composition. 

A new World Advisory Council, Audit Committee and Disputes Committee were also elected at the General Meeting.  The Committees’ composition and Chairs were ratified by the Management Board. 

The Board also coopted four Associate Members, with specific assignments (liaison with scouting organisations and government / non-government (NGO) agencies in Poland; risk management and editorship of the in-house publication (‘Ognisko’). It created four committees to which the following duties were delegated: Estates and Facilities (management of Beavor House); Regulations (oversight PSA regulations); History and Archives (management of PSA archives); Liaison with Poland (as described above).  In September 2022, the Board also created a Small Grants Committee to review and approve any applications for grants and financial subsidies up to the value of £10K.  The work of these committees and of the Associate Board Members is reported upon routinely at Board Meetings. 

A new Conflicts of Interest Policy was approved by Trustees in May 2022. 

Management Board meetings are mainly conducted online to facilitate the participation of Trustees based outside of the UK. 

A number of Board member changes occurred following the General Meeting in January 2022, including the resignations of M. Nalewajko, K Dutkowski and K Kawka. In their places the Board appointed A Mahut, M Nowak and M Weglinska. The Board also appointed Z Pisanski into the vacant position as a Regional Deputy Chair representing the USA. 

## (B) Beavor House 

The Burlington House School – formerly known as The Moat School – continues to use the ground and 1[st] floors of Beavor House in line with the existing 15-year lease agreement, signed in March 2015 and which next comes under review in March 2025. 

PSA International granted Burlington House School a licence under which, for an agreed fee, the school uses certain facilities of the second floor, within designated hours. PSA International and Burlington House School signed a lease, running from 1/11/2021 to 31/8/2024, for additional space relating to a Storeroom at the premises. 

Full plans for the repair and renovation of the west and south elevations of the Beavor House building and replacement of all windows were prepared. However, post year-end it was agreed to delay the project until 2024 for logistical and planning reasons. 

Independent Fire Risk Assessments of the Premises were completed in February 2022 and post yearend in 2023. PSA International Fire Risk Policy for the building was reviewed and approved by the Board in May 2022. 

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**POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

- (C) Scouting Programmes and Other Activities: 

   - A statement of support for Polish Scouts and Guides involved in the conflict in Ukraine was published in February 2022. 

PSA International signed a cooperation agreement with Związek Harcerstwa Rzeczypospolitej (ZHR) in Poland, supporting humanitarian activities for Ukrainian refugees in Poland. The Board delegated a member of the Association to the ZHR Committee managing the efforts. Many units of the worldwide Polish Scouting Association organised or participated in local fundraising activities. 

- In July 2022 the Board approved a programme of collaboration with the Caritas Super Omnia Est foundation to commemorate the 20th anniversary of the nomination of Blessed Fr. Stefan Wincenty Frelichowski as the Patron of Polish Scouting. 

As part of this programme, rallies and events were staged in various locations including the UK in September 2022 and Argentina in December 2022 – PSA members from other Regions attended these events.  Delegations of PSA members also attended events in Vilnius, Lithuania in May 2022. Post year-end delegates took part in activities in Italy and Poland. During the year other regions organised rallies and activities as part of their local programmes. 

- PSA International has pro-actively supported PSA Region’s efforts in winning Grants from Polish Ministerial programmes. In 2022 these included renovation projects at PSA scout bases and centres in Argentina, UK and USA and PSA Argentina’s social aid work for locally resident Polish persons living in extremely difficult circumstances. 

- The process of digitizing PSA’s archive documents continues and is overseen by the History and Archives Committee.  PSA France Region formally requested PSA International to take over the custody of their Archives and this was physically accomplished in October 2022. 

- The Committee published a number of papers based on documents held in the London Archives and is actively involved with the Institute of National Remembrance in Poland, on the preparation and publication of a historical Atlas of Polish Scouting. 

- The President of the Polish Scouting Association participated in formal events in Poland, the UK and USA. The Vice President of the Polish Scouting Association attended an event in PSA Argentina.  The Chief Guide visited the Australia, UK and US PSA Regions participating in scouting conferences, training courses and meeting members. The Chief Scout visited PSA Canada and PSA Ireland Regions, meeting members and participating in their events. 

- The Chief Scout and Chief Guide, in collaboration with scout instructors from PSA USA, began preparation for a leadership training course for Scout and Guide instructors to be held at the Bialowieza Scout Camp in Michigan 2023 for participants from Argentina, Australia, Austria, Belgium, Canada, Germany, Spain, UK and USA. 

- The Scout, Guide and Senior Scouts HQ teams continue to actively support the work of new units, mostly in territories where there is no formal PSA International Structure - these include Spain, Belgium, Austria and Germany. 

- New windows were added to the Association's website covering the Senior Scouting and Scouting Auxiliary Organisations worldwide. 

## **Financial review** 

Excluding a fair value adjustment in respect of investment property of £45,000, in the year income exceeded expenditure by £157,149 (2021 - £150,356). When taking into account the fair value adjustment, the total net movement in funds was a surplus of £202,149 (2021 - £150,356). 

This surplus was taken to the fund balance brought forward giving a total fund balance at 31 December 2022 of £3,116,736. 

Of the total unrestricted reserves of  £2,972,019 (2021 - £2,764,591),  £2,283,158 (2021 - £2,253,990) is in connection with the tangible fixed assets and investment property held by the charity, these funds could only be realised upon a sale of the same which leaves free reserves of  £688,861 (2021 - £510,601) for use in the general activities of the charity. 

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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

It is the policy of the charitable company to maintain free reserves in unrestricted funds which have not been designated for a specific use at a level equivalent to three years expenditure. The directors consider that reserves at this level will ensure that, in the event of a significant drop in income, they will be able to continue the charitable company's current activities whilst resolving any issues arising from such a decline. It will also permit the charitable company to carry out maintenance work and improvements on its freehold property as required due to age. An excess of this level of reserves has been maintained throughout the year. 

In 2019 the Company signed a Co-operation Agreement with Zwiazek Harcerstwa Rzeczypospolitej, acting as agent for the National Freedom Foundation, a Polish Government Agency. Under this agreement, the Company received financial support under two categories: 

- (a) leader training and programme execution 

- (b) infrastructural expenditure to run the activities across the entire Association. 

The restricted funds granted amounted to £89,654 (2021 - £55,677) and formal reconciliation of expenditure was verified by the Agent in accordance with the Co-operation Agreement. 

## **Risk management** 

There were no reportable incidents in 2022 nor have there been any up to the report date. 

In 2022 the Company appointed a Risk Manager to review risk management processes in all areas of the Company and to create a formal Risk Register.  This work is ongoing. 

## **Future Plans** 

The Association’s plans include: 

- Development of a risk register, 

- Further events with Caritas Super Omnia Est with the conclusion of the programme expected in October 2023, 

- The running of the leadership training course in USA, 

- Continued digitalisation of historic documents held in London 

- The active participation of the Archive-History Committee in the editorial committee of a “Historical Atlas of Polish Scouting” initiated by IPN (Institute of National Remembrance), Poland 

- A meeting of the World Advisory Council in October 2023, 

- Preparation for the 10[th] worldwide Polish Scouting Jamboree to be held in the USA, in 2024 

## **Structure, governance and management** 

The charitable company is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 8 March 1946 and as amended by special resolutions dated 9 May 1985, 6 February 2004, 17 November 2012, 29 August 2013 and 28 January 2022. The charitable company registered with the Charity Commission on 9 August 1985. 

The legal and administrative page gives details of the charity's principal officers and advisors. 

None of the Trustees has any beneficial interest in the Company. All of the Trustees are members of the company and as all members, guarantee to contribute £1 in the event of a winding up. 

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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

The charitable company is managed by the Management Board who are elected at an Annual General Meeting and whose tenure lasts 3 years. The last elections took place on 30 January 2022 and elected 22 members with one position left vacant.: 

The President Deputy President 6 Regional Deputy Presidents Chief Scout Chief Guide Head of Senior Scouting Representative for the Scouting Auxiliary Hon. Secretary Hon. Treasurer Chief Chaplain 7 members 

The Management Board is the executive body running the day to day activities of the charitable company. 

## **Investment policy** 

The trustees have considered the most appropriate policy for investing funds and have found that a combination of interest bearing bank accounts and rental income from part of the property meets their requirement to generate both income and capital growth. 

## **Related parties** 

Formally none. Polish Scouting Association (UK Region) Ltd operates as a stand-alone charitable company but is a member of the Association represented by Polish Scouting Association (International) Limited. Similarly Polish Scouting Organization – ZHP Inc. in the United States and similar “not for profit organisations in Argentina, Australia, Austria, Canada, France and Ireland are members of the Association. 

## **Auditor** 

The auditor, Kendall Wadley LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006. 

## **Disclosure of information to auditor** 

Each of the directors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information. 

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. 

On behalf of the Management Board and Trustees 

## **Ms A M Mankowska** 

(Company Secretary, Trustee) Dated: 27 September 2023 

## **M Szablewski** 

(Chairman, Trustee) Dated:27 September 2023 

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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **STATEMENT OF TRUSTEES RESPONSIBILITIES** 

## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

The trustees who are also the directors of Polish Scouting Association (International) Limited for the purpose of company law, are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. 

In preparing these accounts, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; and 

- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **INDEPENDENT AUDITOR'S REPORT** 

## **TO THE TRUSTEES OF POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **Opinion** 

We have audited the financial statements of Polish Scouting Association (International) Limited (the ‘charitable company’) for the year ended 31 December 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). 

In our opinion, the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** 

## **TO THE TRUSTEES OF POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

- the information given in the financial statements is inconsistent in any material respect with the Trustees report; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of Trustees** 

As explained more fully in the statement of Trustees responsibilities, the Trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor's responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. 

## **Extent to which the audit was considered capable of detecting irregularities, including fraud** 

- an understanding of the risk assessment process (including the assessment of the risk of fraud) adopted by the Board is obtained and their attitude to risk ascertained 

- an assessment of the susceptibility to material mis-statement of the financial statements as a result of management over-ride or fraud is made 

- it is ensured that the engagement team have, collectively, the appropriate competence, capabilities and skills to be involved in the assignment, are fully briefed and understand the risks specific to the charity 

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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** 

## **TO THE TRUSTEES OF POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **Audit responses to risks identified** 

The information obtained through the assessment to risk procedures is reviewed and the following work undertaken: 

- processes to test the outcomes of our assessment include, a review of Board minutes, analytical review, the relevance and accuracy of significant accounting estimates,  substantive testing of significant transactions, work to identify unusual or unexpected accounting entries including the testing of journal entries, information disclosed in the financial statements is traced to supporting documentation. In all instances it is acknowledged that material misstatements that arise from fraud may involve deliberate concealment or collusion and are, therefore, by their very nature harder to detect than those arising from error. 

- an understanding of the legal and regulatory framework as applicable to the charity is obtained together with knowledge of the procedures put in place by the charity in order to comply with the same 

It should be noted that Auditing standards limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 

## **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. 

**Sarah Morley ACA (Senior Statutory Auditor) For and on behalf of Kendall Wadley LLP** 27 September 2023 **Chartered Accountants Statutory Auditor** Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS 

Kendall Wadley LLP is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 

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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2022**<br>**2022**<br>**Notes**<br>**£**<br>**£**<br>**Income from:**<br>Donations<br>**3**<br>-<br>97,431<br>Charitable activities<br>**4**<br>29,860<br>-<br>Investments<br>**5**<br>213,124<br>-<br>**Total income**<br>242,984<br>97,431<br>**Expenditure on:**<br>Raising funds<br>**6**<br>17,334<br>-<br>Charitable activities<br>**7**<br>63,222<br>102,710<br>**Total expenditure**<br>80,556<br>102,710<br>Net gains/(losses) on<br>investments<br>**12**<br>45,000<br>-<br>**Net income/(expenditure)**<br>**for the year/**<br>**Net movement in funds**<br>207,428<br>(5,279)<br>Fund balances at 1 January<br>2022<br>2,764,591<br>149,996<br>**Fund balances at 31**<br>**December 2022**<br>2,972,019<br>144,717|**Total**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2022**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>**£**<br>97,431<br>-<br>145,479<br>29,860<br>32,930<br>-<br>213,124<br>193,725<br>-<br>340,415<br>226,655<br>145,479<br>17,334<br>949<br>-<br>165,932<br>93,465<br>127,364<br>183,266<br>94,414<br>127,364<br>45,000<br>-<br>-<br>202,149<br>132,241<br>18,115<br>2,914,587<br>2,632,350<br>131,881<br>3,116,736<br>2,764,591<br>149,996|**Total**<br>**2021**<br>**£**<br>145,479<br>32,930<br>193,725|
|---|---|---|
|||372,134|
|||949|
|||220,829|
|||221,778|
|||-|
|||150,356<br>2,764,231|
|||2,914,587|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **BALANCE SHEET** 

## _**AS AT 31 DECEMBER 2022**_ 

|**Notes**<br>**Fixed assets**<br>Tangible assets<br>**14**<br>Investment properties<br>**15**<br>**Current assets**<br>Debtors<br>**16**<br>Investments<br>**17**<br>Cash at bank and in hand<br>**Creditors: amounts falling due within**<br>**one year**<br>**18**<br>Net current assets<br>**Total assets less current liabilities**<br>**Creditors: amounts falling due after**<br>**more than one year**<br>**19**<br>**Net assets**<br>**Income funds**<br>Restricted funds<br>**20**<br>Unrestricted funds|**2022**<br>**£**<br>**£**<br>832,599<br>1,595,000<br>2,427,599<br>257,602<br>50,000<br>469,726<br>777,328<br>(3,620)<br>773,708<br>3,201,307<br>(84,571)<br>3,116,736<br>144,717<br>2,972,019<br>3,116,736|**2021**<br>**£**<br>**£**<br>853,986<br>1,550,000<br>2,403,986<br>118,208<br>-<br>480,577<br>598,785<br>(3,613)<br>595,172<br>2,999,158<br>(84,571)<br>2,914,587<br>149,996<br>2,764,591<br>2,914,587|
|---|---|---|



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## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **BALANCE SHEET (CONTINUED)** 

## _**AS AT 31 DECEMBER 2022**_ 

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022, although an audit has been carried out under section 144  of the Charities Act 2011. 

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. 

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

The financial statements were approved by the Trustees on 27 September 2023 

Ms A M Mankowska Mr M Szablewski **(Company Secretary,Trustee) (Chairman, Trustee)** 

**Company Registration No. 00405814** 

- 12 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

|**2022**<br>**Notes**<br>**£**<br>**£**<br>**Cash flows from operating activities**<br>Cash absorbed by operations<br>**24**<br>(19,572)<br>**Investing activities**<br>Purchase of tangible fixed assets<br>(4,403)<br>Investments<br>(50,000)<br>Interest and rental income received<br>213,124<br>**Net cash generated from investing**<br>**activities**<br>158,721<br>**Financing activities**<br>Issue of borrowings<br>(150,000)<br>**Net cash used in financing activities**<br>(150,000)<br>**Net (decrease)/increase in cash and cash**<br>**equivalents**<br>(10,851)<br>Cash and cash equivalents at beginning of year<br>480,577<br>**Cash and cash equivalents at end of year**<br>469,726|**2021**<br>**£**<br>(28,216)<br>-<br>193,725<br>-|**£**<br>(59,291)<br>165,509<br>-<br>106,218<br>374,359<br>480,577|
|---|---|---|



- 13 - 



**POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **1 Accounting policies** 

## **Company information** 

Polish Scouting Association (International) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 23-31 Beavor Lane, London, W6 9AR. 

## **1.1 Accounting convention** 

The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association,  the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102. 

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. 

The accounts have been prepared under the historical cost convention and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

## **1.4 Incoming resources** 

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

## **1.5 Resources expended** 

Expenditure is accounted for on an accruals basis. Liabilities are acknowledged when a legal or constructive obligation exists at the balance sheet date as a result of a past event. 

Governance costs are wholly attributable to the charitable activities of the entity. 

- 14 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **1 Accounting policies** 

## **(Continued)** 

## **1.6 Tangible fixed assets** 

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 

Land and buildings over 50 years Fixtures, fittings & equipment 15% on net book value 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 

## **1.7 Investment properties** 

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. 

## **1.8 Impairment of fixed assets** 

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. 

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ (expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. 

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. 

## **1.9 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. 

- 15 - 



**POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **1 Accounting policies** 

## **(Continued)** 

## **1.10 Financial instruments** 

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised. 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled. 

## **1.11 Foreign exchange** 

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure) for the period. 

## **2 Critical accounting estimates and judgements** 

In the application of the charitable company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

- 16 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **3 Donations** 

||**Restricted**|**Restricted**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Grants received|97,431|145,479|



## **4 Charitable activities** 

||**Charitable**|<br>**Charitable**|
|---|---|---|
||**income -**|<br>**income -**|
||**unrestricted**|<br>**unrestricted**|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Subscriptions|22,393|23,310|
|Other income|7,467|9,620|
||29,860|32,930|



## **5 Investments** 

||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Rental income|212,016|193,687|
|Interest receivable|1,108|38|
||213,124|193,725|



- 17 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **6 Raising funds** 

|Other costs<br>Costs of incidental goods sold|**2022**<br>**£**<br>17,334<br>17,334|**2021**<br>**£**<br>949|
|---|---|---|
|||949|



## **7 Charitable activities** 

||**Furtherance**|<br>**Furtherance**|
|---|---|---|
||**of scouting**|**of scouting**|
||**2022**|**2021**|
||**£**|**£**|
|Depreciation and impairment|25,789|24,356|
|Rates|8,334|8,265|
|Insurance|2,534|3,515|
|Light and heat|2,313|3,557|
|Property repairs and maintenance|46,899|122,710|
|Books and publications|6,633|6,766|
|Telephone, website and communications|6,006|13,698|
|Travel|19,393|3,919|
|Services and administration|13,293|4,493|
|Conference costs and sundry expenses|11,922|9,570|
||143,116|200,849|
|Grant funding of activities (see note 8)|17,716|8,413|
|Share of governance costs (see note 9)|5,100|11,567|
||165,932|220,829|
|**Analysis by fund**|||
|Unrestricted funds|63,222|93,465|
|Restricted funds|102,710|127,364|
||165,932|220,829|



- 18 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **8 Grants payable** 

||**Furtherance**|Furtherance|
|---|---|---|
||**of scouting**|of scouting|
||**2022**|2021|
||**£**|£|
|Grants to Polish communities:|||
|Other|17,716|8,413|



Of the amount shown above £9,272 (2021 - £8,413) is in connection with restricted fund activities. 

## **9 Support costs** 

|**Support costs**|||
|---|---|---|
|**Support**<br>**costs**<br>**Governance**<br>**costs**<br>**£**<br>**£**<br>Audit fees<br>-<br>3,300<br>Legal and professional<br>-<br>1,800<br>-<br>5,100<br>Analysed between<br>Charitable activities<br>-<br>5,100|**2022**<br>**£**<br>3,300<br>1,800<br>5,100<br>5,100|**2021**<br>**£**<br>3,120<br>8,447|
|||11,567|
|||11,567|



Governance costs includes payments to the auditors of £3,300 (2021- £3,120) for audit fees. 

## **10 Trustees** 

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. Re-imbursed expenses incurred in the course of the conduct of charitable activities of £13,070 were paid to 8 directors (2021: £4,762 6 directors). 

## **11 Employees** 

The average monthly number of employees during the year was: 

||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|



There were no employees whose annual remuneration was more than £60,000. 

- 19 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **12 Net gains/(losses) on investments** 

||**Unrestricted**|**Total**|
|---|---|---|
||**funds**||
||**2022**|**2021**|
||**£**|**£**|
|Revaluation of investment properties|45,000|-|



## **13 Taxation** 

As a result of the charitable status of the charitable company no taxation liability arises. 

## **14 Tangible fixed assets** 

|**Cost**<br>At 1 January 2022<br>Additions<br>At 31 December 2022<br>**Depreciation and impairment**<br>At 1 January 2022<br>Depreciation charged in the year<br>At 31 December 2022<br>**Carrying amount**<br>At 31 December 2022<br>At 31 December 2021<br>**15**<br>**Investment property**<br>**Fair value**<br>At 1 January 2022<br>Net gains or losses through fair value adjustments<br>At 31 December 2022|**Land and**<br>**buildings**<br>**£**<br>1,007,670<br>2,950<br>1,010,620<br>185,052<br>20,862<br>205,914<br>804,706<br>822,618|**Fixtures,**<br>**fittings &**<br>**equipment**<br>**£**<br>76,346<br>1,453<br>77,799<br>44,979<br>4,927<br>49,906<br>27,893<br>31,368|**Total**<br>**£**<br>1,084,016<br>4,403|
|---|---|---|---|
||||1,088,419|
||||230,031<br>25,789|
||||255,820|
||||832,599|
||||853,986|
||||**2022**<br>**£**<br>1,550,000<br>45,000|
||||1,595,000|



Investment property comprises that portion of the freehold land and buildings held by the charity used for rental purposes.  The fair value of the investment property has been arrived at by applying the average commercial property rental yield percentage as reported in annual reviews produced by the Property Industry Alliance. Significant movements in that percentage are accounted for through investment gains and losses. 

- 20 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **15 Investment property** 

**(Continued)** 

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows: 

|Cost<br>Accumulated depreciation<br>Carrying amount<br>**16**<br>**Debtors**<br>Trade debtors<br>Other debtors<br>Prepayments and accrued income|**2022**<br>**£**<br>547,399<br>283,215<br>264,184<br>**2022**<br>**£**<br>412<br>251,080<br>6,110<br>257,602|**2021**<br>**£**<br>547,399<br>272,267|
|---|---|---|
|||275,132|
|||**2021**<br>**£**<br>-<br>114,172<br>4,036|
|||118,208|



In accordance with the provisions of the SORP and FRS 102, rental income is accounted for evenly over the life of the lease. In rent free periods this gives rise to a notional debtor which is released to the Statement of Financial Activities over time. Other debtors of £98,776 relate to this process, of this amount £85,152 (2021 - £98,776) will be released in more than one year. 

Further included among other debtors is an amount due from Polish Scouting UK Ltd for £150,000 which is receivable within the next 12 months and bears no interest. 

## **17 Current asset investments** 

|**17**<br>**Current asset investments**|||
|---|---|---|
|Fixed term deposit<br>**18**<br>**Creditors: amounts falling due within one year**<br>Accruals and deferred income<br>**19**<br>**Creditors: amounts falling due after more than one year**<br>Other creditors|**2022**<br>**£**<br>50,000<br>**2022**<br>**£**<br>3,620<br>**2022**<br>**£**<br>84,571|**2021**<br>**£**<br>-|
|||**2021**<br>**£**<br>3,613|
|||**2021**<br>**£**<br>84,571|



- 21 - 



**POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **20 Restricted funds** 

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: 

||||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|---|---|
||**Balance at**||**Incoming**|**Resources**||**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 January 2021**||**resources**|**expended**|**1**|**January 2022**|**resources**|**expended**|**31 December**|
||||||||||**2022**|
|||**£**|**£**|**£**||**£**|**£**|**£**|**£**|
|Zwiazek||||||||||
|Hacerstwa||||||||||
|Rzeczypospol||||||||||
|itej (ZHR)|36,789||55,677|(37,432)||55,034|89,654|(90,390)|54,298|
|Project MSZ -||||||||||
|Beavor Lane||||||||||
|building|95,092||83,617|(85,519)||93,190|-|(3,048)|90,142|
|Aid Project in||||||||||
|Argentina||-|6,185|(4,413)||1,772|-|(1,772)|-|
|Ukranian Aid||-|-|-||-|7,777|(7,500)|277|
||131,881||145,479|(127,364)||149,996|97,431|(102,710)|144,717|



ZHR - Monies were received from the above, as agent, to assist with the cost of implementing the activities of the Polish Scouting Association based in London (Polish Scouting Association (International) Limited) under the project "Development of ZHR 2018-19" supported by the ROHIS program of the National Institute of Freedom. 

Project MSZ -funds received to assist in the repair (2020 -  refurbishment) of the headquarters building. 

The balances on the above funds are represented by expenditure on the development of the headquarters building and will be eroded over time by depreciation. 

Aid Project in Argentina - a programme of financial assistance to the poorest Polish families. 

- 22 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

|**21**<br>**Analysis of net assets between funds**<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>Fund balances at 31<br>December 2022 are<br>represented by:<br>Tangible assets<br>688,158<br>144,441<br>Investment properties<br>1,595,000<br>-<br>Current assets/(liabilities)<br>773,432<br>276<br>Long term liabilities<br>(84,571)<br>-<br>2,972,019<br>144,717|**Total Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**2022**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>**£**<br>832,599<br>703,990<br>149,996<br>1,595,000<br>1,550,000<br>-<br>773,708<br>595,172<br>-<br>(84,571)<br>(84,571)<br>-<br>3,116,736<br>2,764,591<br>149,996|**Total**<br>**2021**<br>**£**<br>853,986<br>1,550,000<br>595,172<br>(84,571)<br>2,914,587|
|---|---|---|



- 23 - 



## **POLISH SCOUTING ASSOCIATION (INTERNATIONAL) LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **22 Operating lease commitments Lessor** 

At the reporting end date the charitable company had contracted with tenants for the following minimum lease payments: 

|Within one year<br>Between two and five years<br>In over five years|**2022**<br>**£**<br>178,461<br>655,180<br>493,334<br>1,326,975|**2021**<br>**£**<br>151,795<br>607,180<br>645,129|
|---|---|---|
|||1,404,104|



## **23 Related party transactions** 

During the year the charitable company entered into transactions with related parties, these were under the normal course of conduct of charitable activities. 

## **24 Cash generated from operations** 

|**Cash generated from operations**<br>Surplus for the year<br>Adjustments for:<br>Investment income recognised in statement of financial activities<br>Fair value gains and losses on investment properties<br>Depreciation and impairment of tangible fixed assets<br>Movements in working capital:<br>Decrease in debtors<br>Increase/(decrease) in creditors<br>(Decrease) in deferred income<br>**Cash absorbed by operations**|**2022**<br>**£**<br>202,149<br>(213,124)<br>(45,000)<br>25,789<br>10,606<br>7<br>-<br>(19,572)|**2021**<br>**£**<br>150,356<br>(193,725)<br>-<br>24,356<br>13,075<br>(4,632)<br>(48,721)|
|---|---|---|
|||(59,291)|



## **25 Analysis of changes in net funds** 

The charitable company had no debt during the year. 

- 24 -