2021-03-31-accounts - Turkish Cypriot Community Association

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	Page	Page
Reference and Administrative Details
Report ofthe Trustees	2	to	16
Report ofthe Independent Auditors	17	to	20
Statement ofFinancial Activities		21
Statement ofFinancial Position		22
Statement ofCash Flows		23
Notes to the Statement ofCash Flows		24
Notes to the Financial Statements	25	to	33
Detailed Statement ofFinancial Activities	34	to	35

							2021	2020
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes		f.
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies			2	249,726		249,726	80,992
Other trading activities					1,107,506		1,107,506	1,095,068
Investment	income				13,928		13,928	47,362
Other income								484
Total					1,371,160		1,371,160	1,223,906
EXPENDITURE ON
Raising funds				5	238,140		238,140	80,561
Charitable	activities
Ward grant	budget				1,992		1,992
Old peoples	project				186		186	991
Festival expenses					2,649		2,649	908
General								1,334
Homeless					200		200
Kickstart					556		556
Covid-19					30,266		30,266
Other					1,003,446		1,003,446	1,158,357
Total					1,277,435		1,277,435	1,242,151
NET INCOME/(EXPENDITURE)					93,725		93,725	(18,245)
RECONCILIATION		OF FUNDS
Total funds	brought	forvvard			674,832		674,832	693,077
TOTAL FUNDS CARRIED FORWARD					768,557		768,557	674,832

				2021	2020
		Unrestricted	Restricted	Total	Total
	Notes	fund	fund f	funds	funds f
FIXEDASSETS Tangible assets	12	113,177		113,177	133,197
CURRENT ASSETS Debtors Cash at bank and in hand	13	623,007 247,560		623,007 247,560	507,939 158,617
		870,567		870,567	666,556
CREDITORS Amounts falling due within one year	14	(165,187)		(165,187)	(124,921)
NET CURRENT ASSETS		705,380		705,380	541,635
TOTAL ASSETSLESS CURRENT LIABILITIES		818,557		818,557	674,832
CREDITORS
Amounts falling due atter more than one year	15	(50,000)		(50,000)
NET ASSETS		768,557		768,557	674,832
FUNDS Unrestricted funds	17			768,557	674,832
TOTAL FUNDS				768,557	674,832

				2021	2020
			Notes	f
Cash flows from operating	activities
Cash generated I'rom operations			I	35,430	(122,306)
Interest paid					(762)
Net cash provided by/(used	in)	operating	activities	35,430	(123,068)
Cash ilows from investing	activities
Purchase oftangible fixed assets					(969)
Net cash provided by/(used	in)	investing	activities		(969)
Cash flows from financing	activities
New loans in year				50,001
Net cash provided by financing		activities		50,001
Change in cash and cash equivalents
in the reporting period				85,431	(124,037)
Cash and cash equivalents	at	the
beginning ofthe reporting	period		2	158,617	282,654
Cash and cash equivalents	at	the end
ofthe reporting period				244,048	158,617

RECONCILIATION OF NET INCOME/(E OPERATING ACTIVITIES	XP	ENDITURE) TONE	T CASH FLOW	FROM
			2021	2020
			f	f
Net income/(expenditure) for the reporting Statement of Financial Activities)	period (as per the		93,725	(18,245)
Adjustments for: Depreciation charges Interest paid Increase in debtors Increase/(decrease) in creditors			20,019 (115,068) 36,754	22,149 762 (117,067) (9,905)
Net cash provided by/(used in) operations			35,430	(122,306)
ANALYSIS OF CASH AND CASH EQUIVALENTS			2021	2020
Cash in hand Notice deposits (less than 3 months)			271 247,289	685 157,932
OverdraAs included in bank loans and overdraAs		falling due within
one year			(3,512)
Total cash and cash equivalents			244,048	158,617

ANALYSIS OF CHA	NGES IN NET FUND	S
		At 1/4/20	Cash flow	At 31/3/21
Net cash Cash at bank and in hand Bank overdraA		158,617	88,943 (3,512)	247,560 (3,512)
		158,617	85,431	244,048
Debt Debts falling due after	1 year		(50,000)	(50,000)
			(50,000)	(50,000)
Total		158,617	35,431	194,048

			2021	2020
Donations				341
Grants			249,726	70,693
Exceptional	items	- Festival		9,958
			249,726	80,992

	Grants received, included in the above, are as follows:
		2021	2020
	All other grants Other grants	(7,341) 257,067	66,870 3,823
		249,726	70,693
3.	OTHER TRADING ACTIVITIES	2021	2020
	Income - care	1,107,506	1,095,068

	for the year ended 31Marc	for the year ended 31Marc	for the year ended 31Marc	h 2021
4.	INVESTMENT INCOME
				2021	2020
				f
	Restaurant	hire			17,035
	OBiceroom hire			13,928	30,327
				13,928	47,362
5.	RAISING	FUNDS
	Raising donations		and legacies
				2021	2020
	Supportcosts			7,101	6,354
	Other trading activities
				2021	2020
	Bad debts			(493)	758
	Direct care	provision	exps.	231,532	67,118
	Support costs				6,331
				231,039	74,207
	Aggregate	amounts		238,140	80,561
6.	CHARITABLE ACTIVITIES COSTS
					Support
					costs (see
					note 7)
	Ward grant	budget			1,992
	Old peoples	project			186
	Festival expenses				2,649
	Homeless				200
	Kickstart				556
	Covid-19				30,266
					35,849

SUPPORT COSTS
			Governance
	Management	Finance f	costs f	Totals
Raising donations and legacies Other resources expended Ward grant budget Old peoples project Festival expenses Homeless Kickstart Covid-19	7,101 995,839 1,992 186 2,649 200 556 30,266	407	7,200	7,101 1,003,446 1,992 186 2,649 200 556 30,266
	1,038,789	407	7,200	1,046,396

Net incom	e/(expenditure	) is stated after charging/(crediting):
			2021	2020
				f,
Auditors' Auditors'	remuneration remuneration	for non audit work	4,200 3,000	4,213 3,000
Depreciation - owned		assets	20,020	22,149

STAFFCOSTS
	2021	2020
Wages and salaries Social security costs Other pension costs	764,820 50,358 5,612	918,062 65,898 7,018
	820,790	990978

		2021	2020
Admintstration	&other operations staff	13	22
Care staff		44	33
		57	55

No employees receiv	ed emoluments in excess off60,000.	ed emoluments in excess off60,000.	ed emoluments in excess off60,000.
COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		80,992		80,992
Other trading activities		1,095,068		1,095,068
Investmentincome		47,362		47,362
Other income		484		484
Total		1,223,906		1,223,906
EXPENDITURE ON
Raising funds		80,561		80,561
Charitable activities
Old peoples project		991		991
Festival expenses		908		908
General		1,334		1,334
Other		1,158,357		1,158,357
Total		1,242,151		1,242,151
NET INCOME/(EXPENDITURE)		(18,245)		(18,245)
RECONCILIATION	OF FUNDS
Total funds brought	forward	693,077		693,077
TOTAL FUNDS CARRIED
FORWARD		674,832		674,832

12.	TANGIBLE FIXED ASSETS	TANGIBLE FIXED ASSETS
			Freehold	Short	Plant and
			property	leasehold	machmery	Totals
				f.
	COST At 1 April 2020 and 31March 2021		111,545	224,378	170,993	506,916
	DEPRECIATION At 1 April 2020 Charge for year		31,492 1,814	196,789 11,817	145,438 6,389	373,719 20,020
	At 31March 2021		33,306	208,606	151,827	393,739
	NET BOOK VALUE At 31March 2021		78,239	15,772	19,166	113,177
	At 31March 2020		80,053	27,589	25,555	133,197
13.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR			2021	2020
						6
	Trade debtors Rent deposit - Harringey Counc Staff loan purchase ledger debit balances Prepayments Accrued income				593,648 11,250 8,695 6,568 2,846	473,835 11,250 8,681 5,257 1,575 7,341
					623,007	507,939
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR				2021	2020
					8	g
	Bank loans and overdrafts Trade creditors Kitchen 6t Hall deposit Social security and other Net wages control Pension control Accrued expenses	(see note 16) taxes			3,512 37,689 5,000 53,488 52,785 5,513 7,200	11,823 5,000 33,562 67,197 3,962 3,377
					165,187	124,921

	Notes to the Financial Statements -continued for the year ended 31March 2021	Notes to the Financial Statements -continued for the year ended 31March 2021	Notes to the Financial Statements -continued for the year ended 31March 2021
15.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN			ONK YEAR
				2021	2020
	Bank loans (see note	16)		50,000
16.	LOANS
	An analysis ofthe maturity ofloans is given below:
				2021	2020
					f
	Amounts falling due	within one year on demand:
	Bank overdrafts			3,512
	Amounts falling due	in more than five years:
	Repayable otherwise	than by instalments:
	Bank loans more 5 yrs non-inst			50,000
17,	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1/4/20	in funds	31/3/21
			f
	Unrestricted funds
	General fund		674,832	93,725	768,557
	TOTAL FUNDS		674,832	93,725	768,557
	Net movement in funds, included		in the above are as follows:
			Incoming	Resources	Movement
			resources f	expended	in funds
	Unrestricted funds
	General fund		1,371,160	(1,277,435)	93,725
	TOTAL FUNDS		1,371,160	(1,277,435)	93,725

Comparatives	for movemen	t in funds
				Net
				movement	At
			At I/4/19	in funds	31/3/20
Uarestricted	funds
General fund			693,077	(18,245)	674,832
TOTAL FUNDS			693,077	(18,245)	674,832
Comparative	net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds f
Unrestricted	funds
General fund			1,223,906	(1,242, 151)	(18,245)
TOTAL FUNDS			1,223,906	(1,242,151)	(18,245)

			Net
			movement	At
		At I/4/19	in funds	31/3/21
Unrestricted	funds
General fund		693,077	75,480	768,557
TOTAL FUNDS		693,077	75,480	768,557

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		2,595,066	(2,519,586)	75,480
TOTAL	FUNDS		2,595,066	(2,519,586)	75,480

Turkish Cypriot Community Association
Detailed Statement ofFinancial Activities
for tbe year ended 31March 2021	2021	2020
INCOME AND ENDOWMENTS
Donations and legacies		341
Donations Grants Exceptional items - Festival	249 726	70693 9,958
	249,726	80,992
Other trading activities Income - care	1,107,506	1,095,068
Investment income Restaurant hire OAice room hire	13,928	17,035 30,327
	13,928	47,362
Other income sundry receipts		484
Total incoming resources	1,371,160	1,223,906
EXPENDITURE
Other trading activities Bad debts Direct care provision exps.	(493) 231,532	758 67,118
	231,039	67,876
Charitable activities		762
Interest payable
Supportcosts
Management Wages Social secunty Pensions Rent, Rates and water Insurance Light and heat Carried forward	764,820 50,358 5,612 22,332 4,029 18,791 865,942	918,062 65,898 7,018 30,773 5,266 (3,658) 1,023,359

			Turkish Cypriot Community Association
			Detailed Statement ofFinancial Activities
			for the year ended 31March 2021
				2021	2020
Management
Brought forward				865,942	1,023,359
Telephone				4,778	2,686
Postage and stationery				10,811	10,212
Advertising Legal &professional	fees			5,443 22,377	6,661 21,189
Cleaning expenses Project activities				3,924 39,378	3,611 15,891
Care taker expenses				1,041	1,933
Computer expenses Repairs &renewals Web hosting &internet cost Book commissioning &fees				2,087 19,212 2,746	3,776 13,480 1,644 811
Subscription &membership Clinical records &supplies			fee	8,975 10,819	8,861 4,814
Training Travel &subsistence				13,769	13,717 334
Motor &travelling cost				38	949
Staff welfare				329	2,819
Grant cost Freehold property Short leasehold				7,101 1,814 11,817	6,031 1,814 11,817
Plant and machinery				6,388	8,518
				1,038,789	1,164,927
Finance
Sundries				13	572
Bank charges				394	214
Donations					587
				407	1,373
Governance costs
Auditors' remuneration				4,200	4,213
Auditors' remuneration		for non audit work		3,000	3,000
				7,200	7,213
Total resources expended				1,277,435	1,242,151
Net income/(expenditure)				93,725	(18,245)