Charty numbor.. 297911
THE POLONIA AID FOUNDATION TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE POLONIA AID FOUNDATION TRUST
CONTENTS
Page
Refer•nc• and admlnlslrallve detalls of the Charlty, Its Trusteas and advlsars
Trustees. report
Independent examlnarfs report
Stslement of flnanclal actlvltle8
Balance sheet
Notes to the Ionanclal statements
9-21

THE POLONIA AID FOUNDATION TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARiff. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Dr Andrzej Suchcttz. Chaimian
Maqdalena Szkuta. Hon. Secretary
Christopher Zarebski. Hon. Treasurer
Euqenia Maresch
Wiklor Moszezyns
Anna Slefanicka
Robèrt Wisniowski
Charlty reglslered number
297911
Prlnclpal offlce
238 - 246 King Street
London
W6 ORF
Accountants
Fehons
Charte￿d Accountsrbts
1 The Green
Richmond
sU￿Y
TW9 1PL
Bankers
National Westminster Bank PLC
22 King's Mall
Hammersmith
London
W6 OQD
COIF Charity Funds
80 Che8pside
London
EC2V 6DZ
Page 1

THE POLONIA AID FOUNDATION TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trus18es present their annual r8POrt together with the financial statements of the Charlty for the 1 January
2024 to 31 December 2024.
Objoctlves and artlvltle$
¥. Pollclgs and obJ9rtlvg5
Alihough the charitable objects of the Polonia Aid Foundation Trust 8mbrace all Poles all over the world and in
principle do not limit the TnJst'5 activities lo special groups or causes. the long eslablished and agreed practice is
to give precedence in granting donalions lo the followng..
giving financial assislance for the charitable purposes of e_g. the Federatlon of Poles In Greal Brftain. th8
Pollsh Society of Arts and Sciences Abroad. the Polish Cultural Foundation. the Polish Inslitule and Sikors
Museum. th8 Polish Library, and similar institutions;
assisting the education of Poles abroad by financing the publication of l)ooks, magazines, elc. and by
glving financial assistance lo appropriale educational and youth organisations;
benefiting Polish communities by giving finanoal asslstance to Polish theatre groups, etc. and to
congresses, exhibitions, symposia, etc on Polish themes;
advancing educalion by providlng financial assistance with the publication of books and research papers
of hlstorical or scientific value, wlh particular emphasis on Polish history since 1914. the political, military and
social aspects of the emigracja niepodleglosaowa (free Polish emigre movements) of 1939-1990, and the post
se￿nd World War Polish settlement abroad.
b. Maln actlvltles undertaken to further the Charlty's purposes for the publlc benefll
The Trustees have referred to the guidance contained In the Charfty Commissbon's general guidance on publlc
benefit when reviewng the aims and objectives of the charity and in planning its future advities. The main
activthes undertaken are set out at¥)ve.
Achlevements and perforn)an¢e
Flnanclal revlew
. Golng concern
After makbng appropriate enqulrfes, the trustees have a reasonable expeclatbon that the charhy has adequate
resources lo C￿ntInUe in operallonal existence for the foreseeable fijture. For this reason they contbnue to adopt
the going concem basls In preparing the financlal stslements.
Page 2

THE POLONIA AID FOUNDATION TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
b. Flnanclal risk rnanaggmgnt objgctlves and policle$
In 2024 thts tnjst distributed £102,780 n8t12023.. £S7,7001 lo Prtrli8h organSsations and individuals. Th8 Trusfs
ncome derives principally from dividends and interesl on its inve5trnenis. The unrestricted reserves al 31
December 2024 amounted to £3,3￿,436 of which £3.232,092 was held as investrnents.
During the Year to 31 December 2021 the Trustees undertook a review of the Trusl's historical documentation
The review confirmed that the Setuor Ilhe then Polish Government in Exile} funded the Trust with disposal
proceeds of the Sale of its premises at 43 Eaton Place and gave Ihe Trustees sole discrelion of how to spend
both the sales pnxeeds and income derfved thereon.
Although the funds paid lo the Trusl were not restricted on transfer by the Settlor, the Trustees are of the Opin￿￿￿
that it was the Seltlorfs wish was that ihe amount received on sale of 43 Ealon Place be held by the Trust for th8
long term lo generate income and be treated as 'Capital-.
Under the terms of the Trusl Deed such "Capilal" can be spent al the dlscielSon of the Trustees. Consequenuy.
the Trustees have treated the amount that was received on the sale of 43 Ealon Place land which is currenuy
nvested Sn its totalily in Charbty Investment Funds) as a designated Capital Fund.
The aim of the Capital Fund is to provide a larget distribution of annual granls broadly equivalent lo The Trust's
annual nel income after expenses. However should a situation arise where the Trustees agree that a grant
application merits a substantial donalion beyond that generated by ongoing income they reserve the right to use
all. or a proportion of, the core investment portfolio comprising the Capital Fund to make such a grant.
In the accounts for the year ended 31 December 2021 the Genetal Fund was therefore split between the
designaled Capital Fund referred lo above and a General Fund representong accumulated income less
expenditure on the Trusl's Capital Fund.
The results for the year, and the TTusI's finanoal position al the end of the year are shovm in the attathed
Financial Statements.
New trustees are idenllfied by exSsUng truslees. They are contacted and Sf they are interested, their Cv's are
obtained and discussed. they are Interviewed and a motbon lo accept any new trustee Ss tabled and voting takes
place during a scheduled meeting. The voluntsry nature of the Trustees position means few candidates come
forward for this position and all the training is on the job.
c. Reserves pollcy
Having consSdered the Charws future activities the Trustees have deoded lo maintsin an undesignated General
Reserve Fund equivalent to up lo two years of the prior yearfs income. The basis of this General Resetve Fund
Is to enable the Charity lo conunue maklng distributions to benefficiarbes al the ujrrent annual level should there
be an unforeseen downlum in Income.
Structure. governance and management
. Constitutlon
The Polonla Foundation Trust was established on 28th October 1987 as a charitsble tnjst under English
Law. 11 is ￿gIStered with the Charity Commissioners as a Charity. number 297911.
Page 3

THE POLONIA AID FOUNDATION TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Structuret governanGe and management (continuad)
b. Organlsatlonal $tructurg and de¢l$lon-maklng
The Trustees meet in p18num four limes a year. at which formal business is transact8d and the list of donations
for that quarter is agr8ed. All donations are published in Ihe TYd￿en Polskn { Polish Weeklyl- The Executive
Committee meets al least eighl times a year. and the officers deal with the Trusl's business on a day to day
basis as required. The Trust rents offices in POSK (The Polish Social and Cultural Association). Administration
and accounting are dealt with on an honorary basis by the Hon_ Se¢r8tary, the Hon. Treasurer and volunteer
office stsff.
Stslement of Trustees. responslbllltles
The Trustees are responsible for preparing the Trustees. report and tho financial statements in accordance with
applicable law and United Kingdom Acwunting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charitbes in England & Wales requlres Ihe Trustees to prepare financial stalements for
each financial which gbve a true and fair view of the slate of affairs of the Charity and of ils incoming resources
and application of resources. including its income and expenditure, for that period. In preparing these financial
slalements, the Trustees are required to..
select suitable ac£ounting policies and then apply them consistently,
obsetve Ihe methods and prinaples of the Charities SORP IFRS 1021-
make judgments and accounting estimates that are reasonable and prudent,.
stale whether applicable UK Accounting Standards {FRS 1021 have been followed. subject lo any material
departLires disdosed and explained in the financial statements-
pr8pare the financial stal6m8nts on th6 going concern basis unless il is inappropriat6 to presum8 that th6
Charity will ￿ntInue in business.
The Trustees are responsible for keeping adequate accounting records that are suffiuenl lo show and explain
the Charity's transactions and disdose with reasonable accuracy al any lime the financial position of the Charity
and enable them lo ensure that Ihe financial stslements comply with the Charities Act 2011. the Charity
(Accounts and Reports) Regulations 2008 and the provisions ol the Trust deed. They are also reswnsible for
safeguarding the assets of the Charity and hence lor taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members ofthe board of Trustees on 08 May 2025
and signed on their behalf by.
Dr Andrloj Suchcitz
Chairman
Magdalena Szkuta
Hon. Secrelary
Page 4

THE POLONIA AID FOUNDATION TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examlnerfs Report to the Trustees of The Polonla Foundatlon Trust {'the
Charlty.)
I report to the charity Trustees on my examination of the accounts of the Charrty for the year ended 31
December 2024.
Responslblllties and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 Ilhe 2011 Act'l.
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
In carrying out my examination I have followed Ihe applicable Diiectsons given by the Chartty Commission under
section 14515llbl of the 2011 Act.
Independent Examinerfs Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in
accordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference to the Accounting and Reporting by Charities= Statement of Recommended Pr8Ctiee issued on 1 April
2005 which is referred lo in the extant regulations but has been withdrawn.
l understand that this has beèn done in order for the accounts lo provide a true and fair view in accordan￿ with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have o)me to my attention in Connect￿ with the
èxamination giving me caus8 to believe that in any material respect..
accounting re￿rdS werè not kèpt in rèspect of the Charity as required by section 130 of thè 2011 A¢ or
the accounts do not accord wbth those records,.
the aceounts do not comply with the applicable requirernen15 conceming the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirèment
that the accounts give a 'lrue and fai¢ view which is not a rnatler considered as part of an independent
6XaMinat￿)n.
I have no concerns and have come across no other matters In connectlon wlh the examlnatlon to which
attention should be drawn In this report In order lo enable a proper understanding of the accounts lo be reached.
ThSs report Is made solely lo the Charflvs Trustees, as a body, in accordance w￿h Part 4 of the Charllles
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Chadtys
Trustees those matters l am required lo stale to them in an Independent examiner's report and for no other
purpose. To the fullest extent pemltted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charltys Trustees as a body, for my work or for this report.
Page 5

THE POLONIA AID FOUNDATION TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Signed..
Dated.. 23 May 2025
Dave Alesbury
Chartered Accountant
FELTONS
Chartered Ac¢ountsnts
1 The Green
Richmond
Surrey
TW9 1PL
Page 6

THE POLONIA AID FOUNDATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Incorne frorn:
Investments
100.067
100.067
94. 788
Total incoffl•
100,067
100.067
94. 788
Exp•ndlturo on:
Charitable aclivilies
117.561
117,561
T3,983
Total 8X￿ndItur•
117,561
117,561
73.983
Net1oxpenditureifincom• bfrfore not gains on
investments
Nel gains on investments
(17,4941
101.266
(17,4941
101,266
20.805
250. 754
Not movomont in funds
83,772
83,772
271.559
Reconclllatlon of funds:
Total funds broughl forward
Nel movement in funds
3.306,664
83,772
3.306,664
83,772
3,035. 105
271.559
Total funds ￿rrIed forward
3,390,436
3,390,436
3,306.664
The Stslement of Financial ACtiV￿eS includes all gains and losses recfrgnised in the year.
The notes on pages 9 to 21 fomi part of these financial statements.
Page 7

THE POLONIA AID FOUNDATION TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixod as#oti
Tangible assels
Investments
85
3.232.092
114
3, 130.826
3.232,177
3, 130.940
Currgnt assets
Debtors
Cash at bank and in hand
10
25,623
135,911
24,922
154,052
161.534
778,9T4
Creditors.- amounts falling due within one
year
11
13,2751
(3,250)
Ngt current a85et•
158,2S9
175. 724
Total as$el$ less current Ilabllltles
3.390.436
3,306.664
Net assets excludlng penslon assel
3.390.436
3,306.664
Total ntrt asiell
3.390.436
3,306,664
Charity lunds
Restricted funds
Unrestricted lunds
12
Designaled funds
General funds
12
3.232,092
158,344
3. 130,826
175,838
12
Total unreslricled fvnds
12
3.390,436
3.306.664
Total funds
3.390,436
3,306.664
The financial statements were approved and aulhorised for issue by the Trustees on 8 May 2025 and signed
on their behalf by.
Dr Andvzaj Suchcltz
Chairman
Chrlstophèr Zarèbskl
Hon. Treasurer
The notès on pages 9 to 21 fomi part of th8s6 financlal slalaments.
Page 8

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Infomiatlon
The Polonla Ad Foundation Trust Is a UK registered charity, number 297911 and is constituted under trnst
deeds dated 3rd September 1962 and 6th November 1964.
The add￿sS of the principal offlce of the charfty is given on page 1 of these financial statements.
The nature of the chartws operatk)ns and principal activi￿eS are delalled in the Trustees. Report.
Accountlng policles
2.1 Basis of preparation of financial statemenls
The financial stalemenls have been prepared in ac£ordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing Iheir accounts in accordance wtth Ihe Financial Reporting Siandard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard
applicable in ihe UK and Republic of Ireland IFRS 102} and the Chanties Acl 2011.
The financial stalemenls have been prepared lo give a 'lrue and fairf view and have departed from
Ihe Charits'es IAccounls and Reports) Regulations 2008 only lo the exlenl required lo provide a 'lrue
and fairf wew. This departure has involved followng Ihe Charits'es SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities: Stslemenl of Recommended
Practice effective from 1 April 2005 which has Sin￿ been withdrawn.
The Polonia Aid Foundation Tfust meets the definibon of a public benefit entity under FRS 102.
Assets and liabililTres are initially recognised at historical cost or transaction value unless otherwise
stsled in the relevant accounting F4)licy.
2.2 Golng concern
After making appropriate enquiries, the trustees have a reasonable expectation Ihal the charity has
adequate resources to continue in operational existence for the foreseeable future. For this reasc
they continue lo adopt the going cnncem basis in preparing the finanaal stalemenls.
2.3 Incomo
All income is recognised once the Charity has enlitlemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income lax recoverable in relation to investment income is recwnised at the time the Investment
income is receivable.
Page 9

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles Iconllnued)
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic beneflt
to a third paty, rt Is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classtfied by activty. The costs
of each activity are made up of the lotsl of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that activity. Shared costs which contribute lo more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consislenl with
the use of resources. Central stsff costs are allocated on the basis of time spent. and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charttable activities is incurred on directly undertaking the activities whith further the
Charity's objectives. as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is eonditional, such grants being reeognised as expenditure v4hen the conditions attaching are
fulfilled. Grants offered subject lo conéilions which have not been mel at the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity.
Govemance costs are those incurred in connection with administration of thè charity and eompliance
with constitutional and slatulory requirements.
Charitable aetivities and Governanee costs arè costs incurred on the charitls educational oparations,
ineluding support costs and costs relating to thè govemanee of the charity apportioned to charitable
aclivilies.
2.5 Intorèst r8c•ivabl•
Interest on funds held on deposit is included when receivable and th8 amount can be measured
reliably by the Chanty- this is normally upon nob"firAtion of the interest paid or payable by the
institub.on wth whorn the funds are depostted.
2.6 Tangible fixed as#ets and deprnciallon
Tangible fixed 89sets are inttially recognised at Cost. Aftèr recognttion, under the cost model, tangiblè
fixed assets are measured al cost less accumulaled depreciation and any accumulated impairm8nt
losses. AJI costs incurred to bring a langible fixéd asset into its intended worknng condition should bè
included in the measurement of cost.
Dèpreciation is Charged so as lo allo¢atè the cknst of tangible fixed assets 18ss their residual value
over their estimaled useful lives,
Deprecialion is provided on the foll(Ming bases:
Fixtures and filb.ngs
Computer equipment
25Vo pa on written down value
- 25¥0 pa on %Yritten down value
Page 10

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles Iconllnued)
2.7 Investments
Fixed asset investments are a fom of financlal instrument and a￿ initially recognised al their
transaction cost and subsequenuy measured at fair value at the Balance sheet dale, unless the value
cannot be measU￿d reliably in which case il is measured al cost less impaimienl. Investment gains
and losses, whether realised or Un￿alISed, are combined and presented as 'Gainsl{Lossesl on
investments, in Ihe Statement of financial activities.
Investments held as ffixed assets are shown at cost less provislon for impaimient.
2.8 Debtorn
Trade and other debtors are ree()gnised at the selllement amount after any trade disLM)unt offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-lerm hKJhly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Liabilities and provisions
Liabilities a￿ recoynised when there is an obligation al the Balance sheet date as a result of a past
event, il 15 probable that a transfer of economic benefit will be required in 5etUemenl. and the amount
of the sethemenl can ￿ estimated rèliably.
Liabilities are recognised at the amount that the Charity antiupales it will pay to settle thè d&bl or the
amount it has received as advancAd payrnenls for th6 goods or servie8s il must providè.
Provisions are rneasured al the best estimate of the amounts required lo setda the obligation. Where
the effeet of the time value of money is material, Ihe provision is based on the present value of thosè
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of thè discount is raeognisèd in the Statemènt of financaal activities as a finance cosL
2.11 Flnanclal Instrurn•nts
The Charity onty has financial a5S6ts and financial liabilitiès of a kind that qualify as basic financial
instruments. Basic financial instruments are inilially recognised at transath.on value and subsequently
measur8d al Iheir settlement value with the exception of bank loan5 which are Subsequently
measur8d al arnorb.sed cost using the effectlV8 inleresl method.
2.12 Fund accountlng
General funds are unrèstrictèd funds whSch ar8 available for us6 at the dlsei8tion of the Trustees in
furtherance of th8 general objeth"v85 of Ihe Charity and which have nol been designated for other
purpos85.
Designated funds comprise unrestdcted funds that have been set asid8 by the Trustees for particular
purposes. The alm and use of 8ach designated fund is sot in the notes to th8 financial
ststements.
Investrnent income, gains and losses are allocated to tho appropdale fund.
Page11

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment Income
Unrestricted
funds
2024
Total
funds
2024
Tot81
funds
2023
DiV￿end Ineome Receivable
94,583
5,484
94,583
92. 720
2.068
Interest Receivable
100,067
100,067
94,788
Total 2023
94.788
94. 788
Page 12

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by actlvltles
Direcl
costs-
Donations
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitablè activities
102,780
14.781
117,561
73.983
To1812023
57.700
16.283
73,983
Amalysls of support costs
Donatlons
granted
2024
Tolal
ftinds
2024
Tolal
funds
2023
Rent & Ral83
Office Costs
Telephone. Printing & Stationery
Depreciation
Bookkeeping Feas
Sun(Jry expenses
Govemance costs - Independent examination lees
7,212
3.306
51
7,212
3,306
51
7.183
5.716
722
29
29
37
1,100
898
2.185
1.100
898
2.185
i.qoo
569
2,156
14,781
14,781
16.283
Page 13

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DONATIONS GRANTED
2024
2023
Donations lo indiwduals to encourage research and for publlcalions and
donations under £1,000.
Larger donations..
Polish Underqround Movem8nl Study Trust
Easton on the Hill Parish Council - renovation of menK)rial
Polish Relief Society
Pollsh Scouting Asso¢iatkJn
Polish University Abroad - PUNO
Sikot*si Inslilule
21,700
16.900
24,930
2.500
8.000
1,000
300
3.Ch)O
Medlcal Aid for Poland Fund - dlaitslisatlon
PTNO
1.000
1.250
3.000
Polbsh Staqe Company
Mazury Dance Company
POSK
Polish Cultural Foundation {Polish D8ilylWeekly)
Polish Writers Abri)ad
1,500
3.500
1,(K)O
26,400
3,200
8,500
2,500
2,750
1,800
2,CKIO
1.000
1,750
2.000
9.000
1.000
Federation of Poles
Tatry Pollsh Sono & Danc* Group
Polish Girl Guiding Association
The Polish Educational Scoely
Towarzystwo Pomocy Polakom - Chopin Festival
Polish YMCA Section in Great Britsin
Fundacia na Tak . competition
Odèta - Soth anniversary coneart
Karolinka Polish song and dan￿ Company
Total
2.000
1,000
2.000
102,780
57.700
Page 14

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examlnerfs remuneratlon
2024
2023
Fees payable to the Charit¥s indep8ndenl exarniner for th8 Sndependent
examinalion of the Charltys annual accounts
2,185
2.156
Page 15

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees. remuneratlon and expenses
During the ￿ar, no Trustees recelved any remuneration or other beneffts (2023 - £NIL).
During the year ended 31 December 2024, expenses totalling £369 were reimbursed or paid dlreclly to 2
Trustees (2023- £NILI.
Tangible fixed assets
Flxlures and
rittlngs
Computer
equlpment
Total
Cost or valuation
Al 1 January 2024
7.733
654
8.387
At 31 December 2024
7.733
654
8.387
Depreclatlon
Al 1 January 2024
Charge for Ihe year
7,733
8.273
29
At 31 December 2024
7.733
569
8,302
Net book value
Ai 31 December 2024
85
85
At 37 December 2023
114
114
Page 16

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Flxed asset Investments
Listed
Invgslments
Cost or valuation
Ai 1 January 2024
Revaluations
3,130.826
101.266
Al 31 December 2024
3.232,092
VALUATION
The listed investments are carried at their fair value using ihe bid price.
The profit on investments of £101,266 is an unrealised gain on valuation.
10. Debtors
2024
2023
Due within one year
Other debtors
25,623
24.922
25,623
24.922
11. Cr￿ltors. Amounts falllng dué wlthln on• yèar
2024
2023
Accruals and deferred income
3,275
3.250
Page 17

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Statement ol funds
Statement of funds - current year
Balance al
31
Gainsl December
(Lo$sesl
2024
Balance at 1
January
2024
Income Expendlture
General funds
Designated funds
Trust Capital Fund
3.130,826
101,266
3,232.092
General lunds
Gen8ral Funds- all funds
175,838
100.067
{117.5611
158.344
Total Unr•strlcted lunds
3.306.664
100.067
{117,5611
101.266
3.390.436
ststomont of funds - prlor ygar
Balance af
31
D￿mber
2023
8alanc9 al
1 Jonuary
2023
Gain
(Losses)
Income Expenditure
Deslgnatgd funds
Trust Capital Fund
2,880,OT2
250, 754
3, 130.826
Gengrol funds
General Funds- all funds
155,033
94. 788
(73.983)
l T5.838
Totsl Unrostrlcted fund8
3,035, 105
94,788
(73,983)
250, 754
3,306,664
Page 18

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Statement ol funds {contlnued)
Designated Fund
During the Year lo 31 December 2021 the Trustees undertook a ￿VIeW of the TnJst's historical
documentslion The review confimed that the Settlor Ilhe then Polish Government Sn Exile) funded the
Trust with disposal proceeds of the sale of its premises al 43 Ealon Place and gave the Trustees sole
discretion of how lo spend l)oth the sales proceeds and income derived Ihefeon.
Although the funds paid lo the TnJst were not restricted on transfer by the Settlor, the Trustees are of the
opinion that it was the SetUo¢s wish was that the amount received on sale of 43 Eaton Place be held by
the Trust for the long lemi to generate income and be Irealed as "Capitsl".
Under the lems of the Trust Deed such "Capital" can be spent al the discretion of the Trustees.
Consequently, the Trustees have l￿ated the amount that was received on the sale of 43 Eaton Place
land vlhich is currently invested in its lolality in Charity Investment Funds) as a designated Capital Fund.
Page 19

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Summary of funds
Summary of funds - current year
Balance al
31
Gainsl December
(Lo$sesl
2024
Balance at 1
January
2024
Income Expendlture
Designated fvnds
General funds
3.130,826
175.838
101,266
3,232.092
158.344
100.067
{117.5611
3,306,664
100,067
{117,$611
101,266
3,390,436
Summary of funds - prior year
Balance al
31
December
2023
Balance 81
1 January
2023
Gains/
(Losses)
Income Expenditu
Designated fvnds
General funds
2,880,072
155,033
250, 754
3. 130,826
7 T5,838
94. 788
(73.983)
3.035, 105
94.788
f73.983J
250, 754
3.306.664
Page 20

THE POLONIA AID FOUNDATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Analysls of net assets between lunds
Analysls of net assets between funds - current perlod
Unrestricted
funds
2024
Total
fund>
2024
Tangible fixed assets
Fixed asset inve5trnents
Current assets
Creditors due wilhSn one year
85
3,232,092
161,534
{3,275)
3,232,092
161,534
13,2751
Totsl
3,390,436
3,390,436
Amalysis of not assets between funds - prior period
Unrestricfed
funds
2023
Tolal
funds
2023
Tangible fixed assets
Fixed asset investrnents
Current assets
Creditors due within one year
114
3. 130,826
778,9T4
(3,250)
3. 130.826
178,974
(3.250)
Total
3.306,664
3.306.664
15. Related party transactlons
The Charity has not entered into any related party transaction during the year, nor are there any
outstanding balances owng be￿een relaled parties and the Charbty at 31 December 2024.
Page 21