2021-02-28-accounts - Friends Of Turkey

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Friends of Turkey

Annual Report and Financial Statements for the year ended 28 February 2021

Charity number 1060199

Friends of Turkey

Legal and Administrative Information

for the year ended 28 February 2021

ADDRESS FOR CORRESPONDENCE	ADDRESS FOR CORRESPONDENCE	P.O. Box 76535
		London SW20 2FX
GOVERNING DOCUMENT		Trust deed dated 10 April 1996
CHARITY REGISTRATION NUMBER		1060199
TRUSTEES RESPONSIBLE FOR		Andrew J. Baldwin
MANAGING THE CHARITY		Andrew L. Bowker
		Noel C. Debbage
		Andrew J. Fitzsimmonds
		David A. Stockwell
		Maurice J. Wheatley
BANKERS		Santander Bank PLC
INDEPENDENT EXAMINER		John R. Burston
		Severn Accountancy Services
		Unit 5, St James Court
		285 Barton Street
		Gloucester GL1 4JE
		INDEX
Page 1	Legal	and Administrative Information
Page 2	Report of the Trustees
Page 3	Independent Examiner's Report
Page 4	Receipts and Payments Account
Page 5	Statement of Assets and Liabilities
Page 6	Notes to the Accounts

Page 1

Friends of Turkey

Report of the Trustees

for the year ended 28 February 2021

The Trustees present the Report and Accounts for the year ended 28 February 2021.

Objects of the charity

The charity is governed by a trust deed and is constituted as a trust. The charity's principal object, as set out in its trust deed, is the advancement of the Christian faith amongst the people of Turkey.

Review of activities

During the year the Trust has circulated its bi-monthly "Call to Prayer" bulletin to Christians in the UK and elsewhere who have requested it.

A morning of prayer for Turkey took place by Zoom in September 2020, allowing participants to take part from their homes.

The work of the Silas Project has continued and funds have been remitted to help some Turkish churches, projects and leaders in the regular ministry of the gospel and in refugee relief. Grants were also made from the general fund.

All the work of the Trust has been carried out on a voluntary basis, there being no paid employees.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review

During the year income increased to £29,920 (2020: £25,922), and expenditure increased to £31,251 (2020: £26,600). As a result the cash held by the charity decreased by £1,332, to £19,437, of which £6,273 is unrestricted and can be used for any charitable purpose.

Reserves policy

During the year the trustees reviewed the reserves policy and determined that the charity should aim to hold unrestricted cash of no less than six months of normal general fund expenditure, and aim not to exceed twelve months of normal general fund expenditure, so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £6,273 and the charity is complying with its reserves policy.

Governance

Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees.

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Andrew Bowker

Date: 19 June 2021

Page 2

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

FRIENDS OF TURKEY

Ireportontheaccountsofthecharityfortheyearended28[th]February2021whicharesetouton
the attached pages 6 to 12.

`Respective responsibilities of trustees and examiner`

TheTrusteesareresponsibleforthepreparationoftheaccounts.Thecharity’strusteesconsider
thatanauditisnotrequiredforthisyearundersection144(2)oftheCharitiesAct2011(the
2011 Act) and that an independent examination is needed.

it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

`Basis of independent examiner’s report`

MyexaminationwascarriedoutinaccordancewiththeGeneralDirectionsgivenbytheCharity
Commission.Anexaminationincludesareviewoftheaccountingrecordskeptbythecharityanda
comparisonoftheaccountspresentedwiththoserecords.Italsoincludesconsiderationofany
unusualitemsordisclosuresintheaccounts,andtheseekingofexplanationsfromyouas
trusteesconcerninganysuchmatters.Theproceduresundertakendonotprovidealltheevidence
thatwouldberequiredinanauditand,consequently,noopinionisgivenastowhetherthe
accountspresenta‘trueandfairview’andthereportislimitedtothosematterssetoutinthe
statement below.

`Independent examiner’s statement`

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that, in any material respect, the requirements:
(a) to keep accounting records in accordance with section 130 of the Charities Act 2011, and

(b)toprepareaccountswhichaccordwiththeaccountingrecordsandwiththemethodsand
principlesoftheStatementofRecommendedPractice:AccountingandReportingbyCharities(SORP
FRS 102- effective 1 January 2015) have not been met, or

• to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J R Burston , FCPA, LLB, OE

……………………………………….

John Burston

Severn Accountancy Services

Unit 5, St James Court, 285 Barton Street, Gloucester GL1 4JE

Date:……07/05/2021……………………

Page 3

Friends of Turkey

Receipts and Payments Account

for the year ended 28 February 2021

Notes Income receipts Donations Gift aid receipts Bank interest Total receipts Payments 2 3 Total payments Transfers between funds 5 Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before transfers Grants paid in relation to charitable activities undertaken by others Payments in relation to charitable activities undertaken directly	General Designated Funds Funds £ £ 6,907 - 225 - 22 - 7,154 - 3,261 - 6,623 - 9,884 - (2,730) - (2,000) 2,000 (4,730) 2,000 9,003 - 4,273 2,000 Unrestricted	Restricted Funds £ 22,443 298 25 22,765 190 21,177 21,367 1,398 - 1,398 11,766 13,164	2021 £ 29,350 523 47 29,920 3,451 27,800 31,251 (1,332) - (1,332) 20,769 19,437	2020 £
				25,050 835 37
				25,922
				2,938 23,662
				26,600
				(678) -
				(678) 21,447
				20,769

The notes on page 6 form part of these accounts.

Page 4

Friends of Turkey

Statement of Assets and Liabilities

for the year ended 28 February 2021

General Designated funds funds Notes £ £ A Cash funds Cash at bank with immediate access 3,273 2,000 Call to Prayer cash float 1,000 - 4,273 2,000 B Other monetary assets Gift aid due to charity 252 - 252 - C Liabilities - - The accounts were approved by the trustees and signed on their behalf by Andrew Bowker date 19-Jun-21 Unrestricted Funds	Restricted funds £ 13,164 - 13,164 139 139 -	2021 £ 18,437 1,000 19,437 390 390 -	2020 £
			19,769 1,000
			20,769
			523
			523
			-

The notes on page 6 form part of these accounts.

Page 5

Friends of Turkey

Notes to the Accounts

for the year ended 28 February 2021

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2 Payments in relation to charitable activities undertaken directly Call to prayer Bank and transfer charges P.O. box and other costs 3 Grants paid in relation to charitable activities undertaken by others Grants for: Overseas mission Relief of poverty		General Designated funds funds £ £ 2,576 - 46 - 639 - 3,261 - 6,623 - - - 6,623 - Unrestricted Funds	Restricted Funds £ - 176 14 190 19,564 1,613 21,177	Total 2021 £ 2,576 222 654 3,451 26,187 1,613 27,800	Total 2020 £
		General funds £ 2,576 46 639 3,261 6,623 - 6,623
					2,520 226 192
					2,938
					21,809 1,853
					23,662

4 Staff costs and trustees expenses

The charity has no employees and no remuneration was paid to any trustee. Sometimes the Trustees act as agents for the charity and make payments and purchases on its behalf and are reimbursed for this expenditure, e.g. payment for stationery and other consumables. Such expenditure is not related to services provided by Trustees and is, therefore not disclosed as such. Apart from such expenditure, none of the Trustees were paid expenses for service provided to the charity.

5 Movement of funds

vement of funds
General funds Designated funds Housing needs fund Restricted funds Silas fund Other donations for specific purposes Total funds	Balance at 29/02/2020 £ 9,003 - - 9,572 2,194 11,766 20,769	Receipts £ 7,154 - - 8,366 14,399 22,765 29,920	Payments £ (9,884) - - (8,159) (13,208) (21,367) (31,251)	Transfers £ (2,000) 2,000 2,000 - - - -	Balance at 28/02/2021 £ 4,273 2,000
					2,000
					9,779 3,385
					13,164
					19,437

Page 6