COMPANY REGISTRATION NUMBER: 2930365
CHARITY REGISTRATION NUMBER: 1040944
Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
AM BUSINESS & ACCOUNTANCY SERVICES LTD
Chartered accountants
6 Westmoreland Street
Harrogate
HG15AT

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Financial Ststements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and admlnlstratlve detalls
R8gl8tered charlty name
Halkevi.. The Kurdish & Turkish Community Centre
Charlty reg18tratlon number
1040944
Company reg18tration numbgr 2930365
Prlnclpal offlce and regl8ter•d 31-33 Dalston Lane
offlco
Hackney
London
E8 3DF
Th• truste•8
Miss E Sarican
Mr N Matheou
Miss C Barbagallo
Ms F Valerio
Mrs O Awosokanre
(Appointed 28 June 2023)
Company secretary
Mr Y Ism8ilglu
Indopondont oxamln•r
Asim Manzoor
6 Westmoreland Street
Harrogate
HG15AT

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (continuodj
Year ended 31 March 2024
Structure. governance and management
The charity is controlled by its governing document which continues to be its Memorandum and
articles of association. Halkevi.. The Kurdish & Turkish CommLSnty Centre constitutes a limited
company, limited by guarantee, as defined by the Companies Act 2006.
H8lkevi'. The Kurdish & Turkish Community Centre 18 a membership based charity managed by
management committee (known as directors). The management committee comprises of up to 7
directors eleded by members for one year and up to two directors co-opted by the elected directors.
All must be members of Halkevi.. The Kurdish & Turkish Community Centre and receive no
remuneration. Co-opted directors must stand for election at the AGM following their co-option or may
be co-opted again for one further year. Directors can hold office for a maximum of 10 years from
joining the management committee. The management committee usually meets every month.
Much of the financial management is delegated by the management committee and overall financial
and managerial control is exercised by review of the monthly management d8ta by the management
committee. The trustees have given due consideration to the Charity commission published gutdance
on the operation of the public benefit requirements.
Administration
The charity is registered with the Charity Commission of England & Wales (1040944) as Halkevi.. The
Kurdish & Turkish Community Centre. The charity is registered and incorporated as a limited
company, limited by guarantee (2930365). The registered office of the charity is 31-33 Dalston Lane,
Hackney, London, E8 3DF.
Fund Accounting
Unrestricted funds can be used in accordance with charitable objectives 8t the discretion of the
trustees. Restricted funds can only be used for the particular purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes. Restricted funds in Halkevi refer to grants that specrfy how the money should be spent.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
Going Concern
In the trustees assessment of the charity's ability to continue its operations, there are no material
uncertainties that may cast significant doubt about the charity's ability to continue as a going concern.

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (contlnued)
Year ended 31 March 2024
Objectlv68 and actlvltles
The principle objectives of the charity are set out in the Memorandum and articles of association and
continue to be..
-Provide educational support to Kurdish, Turkish & Cypriot Turkish pupils in North London and
increase access to employment for our local community, and to provide communtty and business
advice and seminars & Improve community safety, reducing crime and fear of crime by netsvorking
with local aulhorities,community safety units,drugs action groups, police and The London Mayors
Offi￿. Encourage active participation in local services & revitalising local democracy-Protect and
improve the environment by actively participating in the local authority efforts-lmprove access to good
quality general advice and immigration l asylum advice I health advice-consult with our community to
shape objectives and services we provide
Vision & Mission
Halkevi: The Kurdish & Turkish Community Centre's vision is to be a modern and democratic
organisation, working with the Kurdish and Turkish speaking communities to meet their social and
educational needs. To support this vision, the charity's mission is to improve the quality of health,
social economic life, education, immigration and employment for Kurdish and Turkish speaking
communities in the United Kingdom especially London. Halkevi will work independently and
proactively to reduce inequalities in health, society, housing, education, weffare rights, employment
opportunities and to ensure that Kurdish and Turkish Communities receive the type of services that
are accessible and culturally appropriate to their needs.
Strateglc report
The following sections for achievements and performance and financial review ft)mi the strategic
report of the charity.
Achlevgments and perfomiance
-Lunch club feeding hundreds throughout the year
-community integration and support services
-Language setvices
-community space for everyone to use

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) {¢ondnuodJ
Year ended 31 March 2024
Financial review
The year ending 31 March 2024 generated a small deficit of £3,655. In the prior year March 2023
there was a Surplus of £15,240. The leasehold improvements are complete and is generating income
for Halkevi.
The improvements to the premises have been funded by members of the charity and a loan by SEIF.
Detailed infonnation about Halkevi's financial position and performance is provided in the financial
ststements and notes enclosed within.
statement of Trustees responsibilities
The trustees (who are also the directors of Halkevi.. The Kurdish and Turkish Community Centre for
the purposes of company law) a￿ responsible for preparing the Trustees Report and the financial
statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that
18W the trustees have elected to prepare the financial statements in accordance with United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Stsndards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied
that they give a true and fair view of the state of affairs of the charitable company and of the statement
of financial activities of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
-select suitable accounting policies and apply them consistently.,
-observe the methods and principles in the Charity SORP.,
-make judgements and estimates that are reasonable and prudent.,
-prepare the financial statements on the going concerD basis unl888 It is inappropriate to presume that
the charitable company will continue in business
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the
financial positton of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and ensuring the assets are properly applied in accordance with charity law and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far 88 the trustees are a￿￿re.
-there is not a requirement to obtain an audit
-the trustees have taken all the steps that they ought to have taken to make themselves aware of any
relevant information and to establish that the charitable company's independent examiners are aware
of that infomiation.
Independent Examiner
AM & Company will be proposed for re-appointment at the forthcoming Annual General Meeting. This
report has been prepared in accordance with the special provisions for small companies under Part 15
of the Companies Act 2006 and the Financial Reporting Standard {FRS102 Charity SORP) relating to
charitable companies.

Halkevi: The Kurdish & Turkish Community Centre
Company Llmited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continu•d)
Year ended 31 March 2024
The trustees, annual report and the strategic report were approved on 15 May 2024 and signed on
behalf of the board of trustees by:
Ms E Sarican
Trustee
Mr Y Ismailglu
Charity Secretsry

Halkevl: The Kurdish & Turkish Community Centre
Company Llmlted by Guarantee
Indopond•nt Examinerfs Report to the Trustees of Halkevl: The Kurdlsh &
Turklsh Communlty Centre
Year ended 31 March 2024
I r8POrt to the trustees on my examination of the financial ststements of Halkevi.. The KUrd￿h &
Turklsh Cornmunty Centre (Yhe charity'l for the year 8nded 31 MarGh 2024,
Re$ponsibllitl•s and basls ol report
As the trustees of the company (and also Its dlrectors for the purposes of company law) you are
responslble for the preparatlon of the financlal statements in accordance wlth the requirements of the
Companies Act 2008 (Yhe 2006 Act,).
Having satisfied myself th8t the accounts of the company are not required lo be audrted under Part 16
of the 2006 Act and are ellgible for Independent examlnation, I report In respect of my examination of
thè chaiity's accounts as carrled out under section 145 of the Charities Act 2011 ('the 2011 Act.). In
carying out my examlnatlon I have followed the Dlrections given by Ihe Charity Cofftmlssion under
section 145{5)(b) of the 2011 Act.
Indop•ndont •xamlnef8 Statemont
I have completed my examinatlon. I confinn that no matters have come to my attention In connection
with the examination giving me Cause to believe:
accounting records were not kept in respect of the charity as roqulred by section 386 of the
2006 AGt; or
the financial statements do not accord with those records.. or
the financial ststements do not comply with the accounting requirements of section 396 of
the 2006 Aci other than any requirement that the accounts give 8 'true arKI falrf view which
is not a matter con81dered as part of an Independent examination., or
the financial slatements have not been prepared In accordance wlth the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to chariti8s preparing their accounts In accordan￿ with the Financial
Reporbng Standard applicable in the UK and Republic of Ireland IFRS 102).
I have no concems and have come across no other matters in connectlon wlth the examinatlon to
which 8tt8ntion should be drawn in this report in order to enab18 a proper understanding ol the
accounts to be reached.
Asim Manzoor
Independent Examiner
6 W8stmoreland Street
Harrogate
HG15AT
i(o£Lf

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted
funds Total funds Total funds
2023
Income and endowments
Donations and legacies
Charitable activities
Investment income
18,430
95,704
18,430
95,704
31,816
101,098
18
Total income
114,140
114,140
132,930
Expenditure
Expenditure on charitsble activities
Totsl expenditure
117,795
117,795
117,690
117,795
117,795
117,690
Net {expenditure)fincome and net movement in funds
(3.655)
(3,655)
15.240
Reconciliation of fund8
Totsl funds brought forward
Total funds carried foN4ard
131,898
131,898
128.243
116,658
128,243
131,898
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 fonn part of these financial statements.

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Flxed a888ts
Tangible fixed assets
14
397,821
411,940
Current a8sets
Cash at bank and in hand
2,834
16,850
Credltorn: amounts falllng due wlthln on6 y•ar
Not currgnt Ilabilltio8
15
51,025
52,823
48,191
35,973
Totsl a88ets le88 current Ilabllltles
349,630
375,967
Crndltorn: amounts falllng due after moro than one ygar
Net assets
16
221,387
128,243
244,069
131,898
Fund8 of tho charlty
Unrestricted funds
128,243
131,898
131.898
Totsl charfty fund8
19
128,243
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilrties for complying with the requirements of the Act
with respect to accounting records and the preparation of financial ststements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the b08rd of trustees and authorised for issue on 15
May 2024, and are signed on behalf of the board by..
Mr Y Ismailglu
Charity Secretary
Ms E Sarican
Trustee
The notes on page8 9 to 17 fom) part of th88e flnanclal statements.

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantse
Notes to the Financial Statements
Year ended 31 March 2024
General tnfomiatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wlales and a registered charity in England and Wales. The address of the
registered office is 31-33 Dalston Lane, Hackney, London, E8 3DF.
Statement of compllance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Stsndard applicable in the UK and the Republic of Ireland,, the 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} (Charities
SORP {FRS 102)) and the Companies Act 2006.
Accountlng polici08
Ba818 of prnparatlon
The financial statements have been prepared on the historical cost basis, as modrfied by the
revaluation of ￿rtain financial assets and liabilities and investrnent properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng con¢•m
There are no material uncertainties about the charty's ability to continue.
D18c108ure exemptlon8
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 (Charity SORP).
As a result the entity does not need trj provide a cash flow statement and supporting notes.
{a) No cash flow statement has been presented for the company.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds a￿ subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2024
Accounting policies (¢ontlnued)
Incomlng resourcos
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charty,. it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when the￿ is evidence of entitlement to the
gtft, receipt is probable and its amount can be measured reliably.
legacy income is recognised whon receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and ServI￿S are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recogni58d with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
R080urc08 expend
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes 8ny
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charty in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to thal activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangiblg a88ets
Tangible assets a￿ initially recor(led at cost, and subsequently stated at cost less any
accumulated depreciation and impaimient losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impaimient10sses.
10

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policies (conllnu8d)
Tangible assets (wrtlnued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditu￿ within the statement of financial activities. A deC￿8$e in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the ststement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuakn'on of an asset, less its residual
value, over the useful economic life of that asset as follows:
Long leasehold property
Short leasehold property
Fixtures and fittings
Equipment
Straightline of life of lease 40 years
Straighlline of life of lease 40 years
250/0 reducing balance
25% reducing balance
Impaimient of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is irnpaired accordingly. Prior impainnents are also reviewed for
possible reversal at each reporting date.
For the purposes of impaiment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the ￿cOVerable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inftows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset re￿iVed or ￿ceivable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be received.
there the grant d￿S not impose specified future performance-related conditions on the
recipient, it is recognised in income when the grant proceeds are received or receivable. Where
the grant does impose specified future perfomiance-related conditions on the recipient, it is
recognised in income only whan the perfonnance-related conditions have been met. ￿ffiere
grants re￿iVed are prior to satisfying the revenue recognition criteria, they are recognised as a
liability.
11

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policie8 (Conllnuod)
Flnancial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initialty recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
V¥here investments in shares are publicty traded or their fair value CAn otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at 8 rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial acttvities, with the exception of hedging instruments in
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, 8n
impairment loss is recognised under the appropriate heading in the statement of financial
acts'vities in which the init181 gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impaimient. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Llmlted by guarantse
The Charitable Company is limited by guarantee of its members.
12

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Notes to the Financial Ststements (Conthued)
Year ended 31 March 2024
Donations and logaclos
Unrestricted Total Fund8 Unrestricted Total Funds
Funds
2024
Funds
2023
Donatlon8
Donations
1,977
1,977
1,849
1.849
Grants
Grants receivable
Capital grant release
14,603
1,750
14,603
1,750
28,037
1,750
28,037
1,750
Sub8crlption8
Membership income
100
100
180
180
18,430
18,430
31,816
31,816
Charitable a¢tlvftlg8
Unrestricted Totsl Fund8 Unreslricted Totsl Funds
Funds
2024
Funds
2023
Investment Rental income
Other
Room & hall hire
32,609
22,314
40.781
32,609
22,314
40,781
32,555
10,066
58,477
32.555
10,066
58,477
95,704
95,704
101,098
101.098
Investmont Incom•
Unrestricted Totsl Fund8 Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
16
16
Expendfture on charftsblo actlvltle8 by fund ty
Unrestricted Total Fund8 Unrestricted Total Funds
Funds
2024
Funds
2023
Running of community centre
Support costs
97,377
20,418
117,795
97,377
20,418
99,380
18,310
99,380
18,310
117,795
117.690
117,690
13

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (¢ondnuodJ
Year ended 31 March 2024
Expendlture on charitable activitt88 by activlty type
ActNities
undertaken
directty
Support Total funds
costs
2024
Total fund
2023
Running of community centre
Governance costs
97,377
97,377
20,418
99,380
18,310
20,418
97,377
20,418
117,795
117,690
10. Net (expendlture)lincomo
Net {expenditure)lincome is stated after chargingl(crediting).'
2024
2023
Depreciation of tangible fixed assets
14,119
14,454
11. Independent oxamlnation fees
2024
2023
Fees payable to the independent examiner for..
Independent examination of the financial statements
Other financial serrfices
900
900
900
900
1,800
1,800
12. Staff Costs
The total staff costs and employee benefrts for the reporting period are analysed as follows..
2024
2023
Wages and salaries
19,749
26,046
The average number of full-time equivalent employees during the year is analysed as follows".
2024
2023
No.
Centre staff
Management team
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13. Trustee remuneration and exp8n8e8
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.
14

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Notes to the Financial Statements {continued)
Year ended 31 March 2024
14. Tangible fixed assets
Long
Short
leasehold leasehold Fixtures and
property
property
fittings Equipment
Total
C08t
At 1 April 2023 and
31 March 2024
558,110
8,812
17,178
3,827
587,927
Depre¢lation
At 1 April 2023
Charge for the year
At 31 March 2024
153,123
13,953
2,421
73
17.178
3,265
93
175,987
14,119
167,076
2,494
17,178
3,358
190,106
Carrying amount
At 31 March 2024
391,034
6,318
469
397,821
At 31 March 2023
404,987
6,391
562
411,940
Short leasehold commences in April 11 and will depreciate over its lrfetime of 40 years. The
leasehold improvements were completed in July 2012 and a￿ depreciated over the period of the
lease. The Secretary of Health who has a f￿ed legal charge over the lease in security for
amounts borrowed. Please see long teTm creditors. Within tangible fixed assets there is £70,000
of capital grant funding provided by Hackney council to extend and refurbish the communty
centre and has therefore been treated as restricted funding. Leasehold improvements consist of
mix motive investment and is impractical for apportionment and is treated as fixed assets as per
guidance on social investments per Charity SORP 2015.
15. Creditors: amounts falllng due wlthin one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
1,801
49,000
224
1,801
50,750
272
51,025
52,823
16. Credftor5: amounts falling due after more than one year
2024
2023
Bank loans and overdrafts
221,387
244,069
The Loan from SEIF comprises of a capital amount of £221,387.44 at the year end and interest
accrued on the loan payable at the year-end for 31 March 2024 was £13,882 and for 31 March
2023 was £15,326 respectively.
15

Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinuedJ
Year ended 31 March 2024
17. Deferred Income
2024
2023
At 1 April 2023
Amount released to income
50,750
(1,750)
49,000
52,500
(1,750)
50,750
At 31 March 2024
18. Government grants
The amounts recognised in the financial statements for govemment grants are as follows:
2024
2023
Recognised in creditors..
Deferred government grants due within one year
Recognised in income from donations and legacies..
Government grants income
50,750
52,500
1,750
1,750
19. Analysls of charitable fund8
Unrestricted fund8
At
31 Mar¢h 20
24
At
1 April 2023
Income Expenditure
General funds
131,898
114,140
(117,795)
128.243
At
31 March 20
23
At
1 April 2022
Income Expendtture
General funds
116,658
132,930
(117,690)
131,898
20. Charges on assets
The charity had committed to refurbishing and extending to the community centre along 31-35
Dalston Lane commencing work in 2010. This expenditure was initially supported through small
interest free loans from friends of the community centre. Total spend was £566,922 which was
partly fInan￿d with a 19 year loan term of £365,230 with the Secretary of Health. As a ￿sUIt of
this a fixed legal charge has been pla￿d over the lease agreement with The London Borough of
Hackney for the premises of 31-35 Dalston Lane until its repayment.
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Halkevi: The Kurdish & Turkish Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2024
21. Other flnanclal commitments
The charity has committed to a short term lease on the 6 April 2011 betwen itself and The
London Borough of Hackney for the premises of The Community Centre 31-33 Dalston Lane for
a further 40 years. This lease will commence at an initial rent of £5,000 per annum and
increasing by £5,000 thereafter every S years until April 2026. A long term loan agreement is in
place with The Secretary of Health for £365.230 over a 19 year period at an initial interest rate of
6% secured on the lease of the building. The total amount owed to the Secretary of Health is
£221,387 at the year end.
22. Related parties
We identified no related party costs during the year
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