REGISTERED COMPANY NUMBER: 03851759 @ng12nd and Wales) REGISTERED CHAIUTY NUMBER: 1080926 Report of the Trustees and Audited Financial Statements for the Year Ended 31 March 2025 for Turkish Cypriot Community Association (A Company Limited by Guarantee) Alton & Co Chartered Accountallts & Stamtory Auditors 239-241 Kennington Lane London SEII SQU
Turkish Cypriot Community Association Contents of the FRnaneAal Statements for the year ended 31 March 2025 Page Reference and Administrative Details Report of tbe Trustees 2 to 13 Report of the Independent Auditors 14 to 17 Ststement of Financial Activities 18 Statement of Financial Position 19 Statement of Cash Flows 20 otes to the StateRnent of Cash Flows 21 Notes to the FiDaDcial Statements 22 to 31 Detalled Statement of Financial Activities 32 to 33
Turkish Cypriot Community Association Referenee and Administrative Details for the year ended 31 March 2025 TRUSTEES MT N Enver. Chaimian IA(TS T Hadji-Filippou - Treasurer Mr S Fuat Mrs N Kamil Mr H Mustafa Mr E Baca TTUStee Mr B I Cubuk Trustee MTS G Dervish Tntee COMPANY SECRETARY REGISTERID OFFICE 628-630 Green Lanes Harringcy London N8 OSD REGISTERED COMPANY 03851759 (England and Wales) REGISTERED CHARITY NtTMBER 1080926 INDEPENDENT AUDITORS Alton & Co Chartered Accountants & Statutory Auditors 239-241 KeTll]ington Lane London SEII SQU BANK The Co-operative Bank PIC Wood Green Branch 195 High Road, London N22 6DP Page I
Thrkish Qrprxot Community Association Report of the Trnstees for the year ended 31 March 2025 The trnstees wbo are also directors of the charity for the purposes of the Companies Act 2006, present theii Teport with the financial statemats of the charity for the year ended 31 March 2025. Th¢ trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Finaucial R¢porting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTtVlTIES Objectives and aims To serv¢ th¢ Turkish speaking and local community by developing and sustaining projects that meet the id¢lltified needs. Th¢ services we provide all focus on on¢ or more of three areas. o Social Care Services in elevating th¢ quality of life for individuals and communities. o Creating employment and helping p¢opl¢ regain independence, this is through working with organisationg to better relationships witbiD social care to create eMplOellt. o Furthcrintr the education and growtb of our youth and enabling an environment where youth can discover their strengths, pursue their aspirations and trallsition iuto adulthood equipped to navigate opportunities Signxfieant activitie$ Turkish Cypriot Community Association's (TCCA) day to day operations are fulfilling these aims by providing advice and i]Jfonnation, social care, counselliJ]g, employinent, physical wellbeing, community learning, cultural activities, outreach to houseboun community orientated room hire and training by developlng projects to meet the needs of the commurllty members. In all cases we ensure that the services are of a high standard and based on researched needs. Our most important project is our Homecare service, which provides care for local conllnunities within Enfield, Haring¢y and Hackney, we specialise in Turkish and Greek speaking elders and disabled people. This helps indep¢ndcnt living in order to b¢lp avoid isolation and enable beneficiaries to lead indcp¢nd¢nt liv¢s. We aTe committed to a high standard of care therefore w¢ train our carers tlwough our in-house training provision, enablyng th¢ provision of fully compliant care. The mission of the organisation is to support our conimiinity through fjmded and internally CT¢ated projects that also provide a SPTingboard for Turknh speaking and intcgrntcd British people to gain training and support with digmity and confidence that will ultimately result in them not requiring goven)ment benefits to swive. The organisation promises to provid¢ support through recognising developments witbin our own commuDity. TCCA will also CTeate fresh projects and offer to help in the most deprived corneTS of our conununity. TCCA are adaptable and using our initiative we commenced the eartbquake appeal in which we collaborated with Arsenal Foundation and th¢ Turkish Police Association. TCCA are responsive to a wid¢ range of projects and initiatives. Our ambition is to in]prove lives for the short and long terni and to contiibute to wider society. More recently our focus has moved towards supporting our con)munity through Covid-19 orientated projeets. Page 2
Turkish Cypriot Community Association Report of the Trnstees for the year ended 31 M2reh 2025 ORJECTIVES AND ACTIVITIES Public benefit In setting out the objectives and planning the activities, the Trustees have given careful consideration, to complyin(y with th¢ duty ill Section 17 of the Charities Act 2011. Tbis report outlines how our acbievements during the year have benefited the public, either directly or indirectly. Page 3
Turkish Cypriot Community Association Report of the Trustees for the year ended 31 March 2025 STIUTEGIC REPORT Achievements and performance Charitable activities Durinu the financial yeaT 2024-2025, the Turkish Cypriot Community Association (TCCA) continued to respond to the ongoing social, economic, and health challenges affec1ing the Turkish-speaking con]munity. While the immediate impacts of the COVID-19 pandemic have subsideLI the long-tenn consequences remain evident, including p¢rsistent mental bealth concerns, cost-of-Eiving pressures, energy poverty, work insecurity. and continued balerS to access for vulnerable and elderly commuDity members. TOughout the year, TCCA consolidated its opffttions across its four operational locations and continued tr) maximize the use of its assets. Th¢ HackneylIslington premises at 117 Green Lanes continued to generate rental income from the completed residential units, providing an important diversified income str¢am and strengthening the charity's long-t¢nn fu]ancial sustainability. Work also progressed in relation to the developinent of the prnIseS as a community media and broadcasting hub, laying foundations for future communAty engagcment initiatives. TCCA continued to build upon its strong reputation as a tTh$ted anchor org&nization within the Turkish-sp¢aking commurity. The organization maintained its ability to respond swifily and effectively to community needs, supported by strong partn¢Tships with local authorities, health bodics, voluntary sector organizations, and community groups. Financially, the organization continued to reflect the impact of planned iTAvestment decisions made in previous years, particularly ill relation to propety development and infrastructure improvements. These inv¢stments weTe made strategically to support long-tenn resilience, sustainability, and service expansion. A key achievement during the period was the continued delivery of high-quaIity regulated care services. TCCA successfully maintained its Care Quality Commission (CQC) compliance, retaining an overdll rating of GOOD, with the WELL-LED domain rated OUTSTANDtNG. This achievement reflects strong governance, l¢adersb]'P> Staff training, and quality asgurance processes in an increasingly demanding regulatory environment. To support service quality, TCCA continued its role as a CACHE-accredited training centre, deliv¢ring bilingual, culturally Competent training tsilored to the needs of the Turkish-speaking care workforce. Additional specialist training modules were developed and deliv¢rel particularly in areas such as infection prevention, hygiene control, safeguarding, and workforce wellbeing. Training provision continued through a blended approach utilising in-house facilities, Citation training platfornis, Skills for Care resources, the Greater London Authority, and voluntary sector partners. Community engagement remained a core priority. TCCA continued to deliver and support a wid¢ range of initiatives including youth services, women's projects, mental h¢alth support, health screen7ng events, advice services, and cultural artivities, Strong emphasis was placed on co-production, ensuring services were shaped in partnership with benefici]eS and community Stakeholders. Staff and volunteer retentlon rcmained high during the year, reflecting the organisation's comn]itment to workforce wellbeing, d¢v¢lopm¢nt, and inclusion. Work also continued on organisational development and strat¢gi¢ pla]]ning to support groTh over the medium to Ions tern). TCCA maintained close engagement with the Charity Commission, continuing to strengthen its legal, governance, and compliance ftam¢works. Policies and proc¢dures were revi¢w¢d and updatel constitutional aims were fiffthcr clarified, and the l¢gal status and governance arrangements relating to 117 GTeen Lanes continued to be reviewed to ensure appropriate safeguarding of charitsble assets. MAJOR CHANGES During th¢ financial year 2024_2025, there W¢T¢ no Enajor structtiral changes to the charity beyond those already iefei¢n¢ed within this report. TCCA continued to Opate from its established premises in HarAngey, Enfield, and Hackney. Citation renwin¢d the charity's appointed employm¢Dt, health and saf¢ty, and HR consultants. Recruitment, Contracts, and workforce policies continued to be reviewed regularly to ensure compliance with eMplolent legislatlon and best practice. Page 4
Turkish Cypriot Community As50Ci2tion Report of the Trustees for the year ended 31 March 2025 Payroll continued to be administered in-house, with pension provision remaining with NOW Pensions. Alton & Co contiJ]ued as the charity's independent accountants, supportiJ]g statutory reporting and providing ongoing advice to strengthen financi controls and reportitLg processes. All organisational policies and procedur¢s were reviewed during the peTiod to ensure they remained fit for pwpos¢ and reflective of current op¢yations. During this financial year our projects have been as follows: HOMECARE Homecare remained TCCA'S principal cl]aritabl¢ activity and largest operational servi¢¢. DuTing the year, services were d¢liv¢r¢d witbin a post-pandemic contexl while maintaining robust infection control and safeguarding protocols to protect service us¢rs &ud staff. As a charitabl¢ care Provider, TCCA continued to deliver enhanced support b¢yond commissioned care houTS. This included benefits checks, signposting) access to legal and health advice, annual hampers, wellbeing cheeks, gentle exer¢ise activities, infornution bulletills, and ac¢¢tss to subsidised community activities. The Home¢are s¢rvic¢ continued to be described by thc CQC as "exceptionally well-led" retsining an OUTSTANDTNG rating for leadership. Local authority monitoring and contract compliance remained strong througbout ihe year. ApproXIntelY 45 members of the Turkish-spcakillg Community were employed tILrough tbe Homecare service. Over 900/D of carers either held or were working towards QCF Level 2 or 3 qualifications, with senior staff proessing to Level 4 qualifications LD Health and Social Care. All care staff completed comprehensive induction training prior lo deployment, followed by mandatory refresher training including First Ail Moving and Handling, Safeguarding, M¢dication, Health & Safety, Food Hygicne, and Infection Control. TCCA continued to deliver CACHE-a¢cT¢dited qualifications and CPD training from its llY equipped training centre in Haringey. Courses ranged from Level 2 Diplomas in Health & Social Care to specialist CPD modules in cultUTally sensitive care and rLutrition. Funding 5UPPOrt Continued through the Workforce Development Fund (WDF), Skills for Care, and Citation Traiiiing. Training provision remained central to workforce quality, regulatory compliance, and staff retention. CTrTRUS HOUSE RESTAURANT The C>Trrus House Restaurant continued to operdte successhlly during the year. maintaining a 5-star hygiene Tating. The restaurant provided traditional Turkish Cypriot cuisine and supported Commlty events. private functions, and centr¢-based activities. Catering services continued to support hall IIiTes, training sessions, and community gatherings. LIFNCHEON CLUB The Luncheon Club continued to support elderly connDIty members by providing subsidiged traditional n]eals and opportunities for social interaction. Ivhile attendance levels had not yet re¥Linied to pre-pandemic levels, the service remain¢d an important preventative and wellbeing-focused activity. ROOM BO01¥Cs Page 5
Thrkish c)not CoLnmuJJity Association Report of the Trustees for the year ended 31 March 2025 Room hiT¢ remained a signifieant income-generatinu and community engagement activity. Dwing the year, TCCA hosted a wide range of regular and ad-hoc bookijigs including trainin& cultural activities, advice s¢ssions, medical screenings, and con)munity events. Approximately 80 /0 of roon biie income continued to be derived from repeat and long-teTm users, supporting financial stability. MEIYTAL HEALTH AND WELLBEING Mentsl health support Temaincd a key priority throughout 2024-2025. TCCA delivered a combination of group-based and one-to-one interventions, supported by paid staff and volunteers. TaLkints therapies, wellbeing workshops, and culturally appropriate mental health activities continued to support resilience and reduce isolation. KEALTH PROJECTS AND SCREENING TCCA is still working with the Clinical Heatli Group (CCG) of Flaringey, our parlneTship has bcen focusing on enguring that Kurdish and Turkish pcople living within the LorAdon Borough of Haring¢y have a better understandirjg of h¢alth provision and as such empoweT beneficiaries to correctly us¢ local health provision in particular Accident and Emergency, pharniacists, amenities and the services provided by their GP. This ha5 now developed into deliv¢ring the Turkish Cypriot Workforce ProjecL MEDIA PROJECT- 117 GREEN LANES o Preparatory WOTks for the podcast studio were completed during 202¥2025 o The studio has been decorated and Mly s¢t up o It is ready for podcast creation and digital media production o It will be available to custom¢rs and community organisations on an hourly rental basis Tlie PToject supports coinmunity engagement, th'gital inclusion, skills development, and income diversification OTHER CHARITABLE ACTIVITIES TCCA ¢ontillued to provide subsidised and free accegs to facilities for community organisatiorAS, culbjral activities, religious gatheTings, and charitable events. The organisation remained committed to ensuring affordability and accessibility for thc community it serves. Page 6
Turkish Cypriot Community Association Report of the Trustees for the year ended 31 March 2025 STRATEGIC REPORT Achievements and performance Section 172(1) statement S172(1) (A) "The likely CODseqllences of any decision in the long term" The Trustees understand the charity and the evolving enviro1ent in wbich tbey operate. including the challenges of navigating thmugh the Pandemic. BrexiL earthquak¢ and the myriad of oth¢r issues that have touched our community. Based on the ¢harity'S purpose to supply quality adult care services and other support to the vulnernble in the community by sourcing the best personnel, the Strategy set by the Trustees is intended to strengthen th¢ Charitys position to enable it play a leading role in tbe supply of Care services whilst maintaining quality and promoting social responsibility. The rising standard of living of a growing UK population is likely to continue to drive demand for adult care Provision for many years to come. At the same time, changes in the customeTS' demand for care to be provided in their homes mean increas¢d eompetition as a direct result of incre&sing customer choice. The long-terni success of the charity IS dependent on its ability to adapt to those changes and distinguish itself against the growing competition by way of maintaining quality and stOMer satisfa¢tion. The Trustees also realize the importance of their activities as contributors to the health of society as they provide care services to the vulnerable freeing their loved one's time to carry on with their lives knowing their loved ones are in safe hands The renovation of the upper levels of 117Green lanes, into living units, will provide the organization with an additional income stream, in furtheTan¢e of the activities of d]c charity. S172(1) (B) "The interests of the charity's employees & Volunteers" The Trustees recogni that the cbaritys employees and volullteers arc fundamental and core to the charity and necessary for the delivery of the Trustees, 5trdtegic ambitions. The success of the charity depends on attractllig, retaining, and motivating ¢mployeeg. From ensuring that the business remains a responsible employer in all asp¢ct$, from pay and benefits to health and safety in the WOTkplace envixonment, the trustees factor the implications of decisions on employees and the wider workforce, where relevant and feasible. Over the past 12 months we have strengthened our Training program and incorporated training provisions from Citation and NVCO, which with our in-house Cache accredited training has allowed us to ensure that employees and voluntcers meet their obllgations. More infomiation on this can b¢ found within the cbarity's policy for employees. S172(1) (C) "The need to foster the charity's relatlonships Ivith Suppliers, customer5 and others" TCCA seeks the promotion and application of certain general ]ncIpleS in such relationships. The ability to promote these principles effectively is an important factor in the decision to enter or remain in such relationships and thÉs, alonoside other standards, is d¢s¢ribed in the vaTiQUS policy stAtements of the clwity in the Trustees Report. The Charity's PTinciples are reviewed by the TThtee3 periodically. The TTUStees also r¢view and approve the Charity's approach to suppliers, partnersbxps, and other stakebolders. which is set out in th¢ Charity's Supplier Policy. The charity continuously assesses the priorities related to customers and those with whom they do business" the charity engages wxth stakeholders based on the outcome of those assessments. .S172(1) (D) "Tbe impaet of the charity's operatlons on the community and the environment" Page 7
Turkish Cypriot Communlty Association Report of the Trustees for the year ended 31 March 2025 STIUTEGIC REPORT Achievements and performance This aspect is inherent in the TCCA'S Trustees, strategic ambitions, most notably in their ambitions to t1ve in ensuring the well-being of the ¢onllnuDity they s¢rve. As sucl the Trustees constarAtly monitor theii ¢ff¢rt on the community and environment. an important goal for the Trustees is to be a benefit to both the local con)munity and the greater environment. As sucb we carry out anllual surveys with our members, our staff, and our users. Many of these feedback surveys are used as tbe backbone of what we as an organisation undertakes and used &$ part of our report requirements to local authorities and those that carry out our inspections. S172(1) (E) "Tbe desirability of the charity maintsining a reputation for bigh stsndards of business conduct" TCCA aims to meet the needs of the community, over recent years it has maintained its GOOD rating with CQC and increased its rating for well lead to OUTSTANDING. We have also received many awards from our p¢¢rs including Bridg¢ Renewal IMPACT award. Local Authorities have fornied a closed partn¢rship without the organization and hav¢ supported us in being able to maintsin high stsndards. The Trnstees pcriodically r¢vi¢w and approve clear frameworks to ensure that high stsndards are maintained both within and outside the busincss¢s and the business relationsbips they maintain. This, complemented by the ways the Trustees are inforn)ed and monitor ¢omplianc¢ with r¢lcvant govcrnancc standards hclps cnsure decisions are made meaning that the charity acts in ways that perpetually promote high standards of business conduct. The organization also received multiple awards includ3ng Third Sector Awards as "Parthership of the Year," we were awarded once again the IMPACT AwaTd by Bridge Renewal Trust for the PToject of the year, we wer¢ also award¢d Haringey Hero status for our work during the palldemic. S172(1) (F) "The need to aet fairly as betweeD niembers of the charity" After weighing up all relevant factors, the $tee$ consider which course of action best enables the delivery of their strategies through the Iono tenn by talang into consideration the impact on stak¢holdcrs. In doing so, tb¢ Trustees attempt to balance the charity's interests aDd other stakeholders, interests, and this can sometimes mean that certain stakeholder interests may not be fully aligned. However, the Trnstees attempt to b¢ as fair as possible to all in this regarl there are also processes for the review of deci5Aons and mechanisins that allow feedback from users and members as to the impact of decisions. Page 8
Turkish Cypriot Community Association Report of the Trustees for the year ended 31 March 2025 STIL4TEGIC REPORT Achievements and performance The TCCA TTUStees reco.¢Ynize that they have an important rolc when seSsing and ensuring that the desired cuItt¢ is ¢mbedded ill all the values, attitud¢s, and behaviours they demonstrate, includino all the business activities and stakeholder relationships. The Trustees have established honesty, integrity, and SpeCt for people as the ch&rity's core values. The General Business Principles. Code of Conthct, and Code of Ethics help everyone act in lin¢ with these values and comply with relevant lawg and regulations. The Chartty's Commitrnent and Policy on Healtm Safety, Secuity, Wellbeing, Employment and Environment and Social P¢rforniance are design¢d to help protect people and the environment. The Trust¢¢s strive to maintain a diverse and lliclusive culiure. Stakehold¢r ¢ngagement (including employee & and volunteers, engagement) The Trust¢¢s also recognise the important role the ¢haTity must play in society and are deeply committed to public collaboration and stakeholder engagernenL this commitment is at the heart of the charity's strategic ambitions. The Trustees belicvc that they will only su¢c¢¢d by working with customers. goven]ments, and business partners. Working together is lt1¢al, particulaTly at a tirne when society, includlntr businesses, goven)ments, and consumers, faces complex and challenging issues. The clAty continues to build on its long track record of working with others, such as customers and supplicrs" the Trustees b¢li¢ve that workino together, and sh&Ting knowledge and experience with others offers greater insights into their own business. Tlie charity is controlled by its governing documen¢ a dccd of trusi and constitutes a limited charity, limited by guarantee, as defined by the Companies Act 2006. Turkish CriOt Community Association (TCCA) is a charity limited by guarantee governed by its Nlemoran(lum and Articles of Association and is registered at tlie Charities Comirission. The most recent administrative changes to the governing document took place on the 25 February 2021. A]Ay Turkish Cypriot community member can bccome a member of the organization subject to th¢ agreement of the management comrnitt¢e. Flnancial review Financial position The results for the year and the financial position of the charity on 31 Nlareh 2025 are shown in the annexed financial statements.The Trustees continued to carefully manag¢ resources, balancing the ongoing impact of historic investment decisiorAS with the need to maintatn high-quality servic¢ delivery. Financial controls, budgeting, and cashflow monitoring remained robust tbroughout the year. This year the organisation regist¢red a deficit which was preplanned and related to activities carried out in the year and some ]eCOVerable debts wTitt¢n off. Principal risks and uncert2inties The main risk and uncertainties facing the ¢h2rity includes: Obtaining funding and Sponsorship for the charity's activities. b. Ability to maintain our Care Quality Commissions, CQC fully complaint status. . Access to grant funds. d. Crises Such as Covid or Earthquakes, again ¢ffecting TCCA'S ability to operate.
Turkish Cypriot Community Association Report of the Trnstees for the year ended 31 March 2025 STRATEGIC REPORT Financia] and rAsk J)JaJJagement objectives and policies The management committee has conducted a review of the major risks, to which the chaTity is exposed to and systems have been established to mitigate those risks. Significant ext¢rnal risks to fimding have led to the development of a strategic plan which will allow for the diverslfication of fimding and activities. Internal risks are minimised by the implem¢ntstion of procedures for authorksation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the chaTitabl¢ company. These procedures peTAodically reviewed to ensure that they still meet th¢ needs of the Charity. Ability to maintsin our CQC fillly Complaint status in an arena that plac¢s mor¢ and more requxrements within the provision of care. To maintain these gtandards. we remain as a cacbe-accredited training centre tbat boosts new and innovative bespoke training courses. Bad Debts TCCA ha5 noted that we have a high level of older debtots, this has also been raised as a concern by our auditors. To redress this, TCCA will b¢ undertaking legal action against any debts that are over 12 months old and review any debts over 6 months. Durino the PTevious period, Debtors came down, however, we arc a long way from where the organization should be. The organization continu¢s to recover bad debts and will make a case-by-case judwent as to debtors in July 2025, onc¢ all possible Qptions for recovery are exhausted including taking legal r¢m¢di¢s it will only then be presented at thc Feb 2026 Annual Business pl&nnirAg event, and a request is inade that due to tbe debtor being deceased or debts being so old that no legal actkon is viable, and write off is the only possibl¢ Course of action. Provislon has been made for doubtful debts. This year we wrote off several bad debts, where debtors were deceased and we had a minimum chalice of recovery, another r¢ason for registering a defi¢iL FUTURE PLANS The TNstees remain con)mitted to: o Strengtliening financial sustainability through diversified income streams o Expanding community media and digital ¢ngag¢ment o Enhancing Iiealth, wellbeing, and mental health provision o Developing services in additional local authority areas o Continuing governance, policy, and organisational devtlopm¢nt STRUCTURE, GOVERNANCE AND mANAGEENT Governing document lie charity is controlled by its governing document, a deed of trust, and ¢on8tittites a lin]it¢d company, limited by guardntee, as defined by the Compani¢s Act 2006. Any Turkish Cypriot community inember can become a member of the organization subject to the agreement of the management Committee. Further changes wue made to our governing document 25 February 2021 based on a vote of members. There are fLh¢r plans following a discussion held with the charities con)mission to completely review the governing document. Recruiknent and apposntsnent of new trustees as sct in the Articles of Association, the trustees are elected by the members of the organization at the at)nual Geiieral Meeting and as set in the Articles of Association the chaii is elected by the elected members. At the annual general meeting, one-third of the members of the management committee retire ftom office, and new elections are held. Following a period of office, a member of the management committee is eligible for re-eleclion. Page 10
Turkish Cypriot Community Associatio Report of the Trustees for the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Re¢rnfitment and appointment of neiv trustees As set in th¢ Articles of Association the trustees are elected by the members of the organisation at the Annual General Meeting and as set in the Articles of Association tbe chair is elected by the ¢l¢cted Members. At the annual fjeneral meeting, one-third of the members of the management committee retire from the office, and the n¢w elections are held. Trustees are elected every two years, however, should a position become vacant, then th¢s¢ positions can be filled by co-opting onto the committee. Trustee Induction and Trafining TCCA tnteeS undergo all oricntatioThlfrtSher day within th¢ frst week of being electe4 due to covid this has changed slightly and is being completed online. The pU03e is to brief them on legal obligations undeT charity and charity law, the contcnt of tbe men]orandum and articles of association, committee and decision-making processes and Tecent fmancial p¢rforntsnce. During the induction day thcy meet key employees and other tnjstees. Trustees are encouraged to allcnd appropriate external training events wh¢r¢ these will facilital¢ the undertaking of their role. TCCA also organizcs in-house training for all trustees. It is further planned to create a tnistee newsletter with updates on legislation affecting trustees and implementation of any additional changes that would ensure trustees remain compliant to any chang¢s in legiglation. All trustees complete a COllfiict-of-int¢Test declaration. Organisational structure The Management Cornmitte¢ also l(nown as the 'board of trnstees, agrees on overall strategy, policies, financial conduct, and staffing requirements for the charity. The elccted Cbai4)erson is r¢sponsible for ensLuiDg the implementation of trustee decisions and overall policies. Memb¢rs of the charity irjay also take part in shap3JJg any policy-making activity by passing resolutions at the Annual General Meeting. Responsibility for operations, paents and management matters has been deleg&ted to the Chief Executive Officer. This is manag¢d within a clearly understood framework of strategic Control. The Board of Trustees is involved in determining COOrate strategy, including setting key strategic objectives and targets, and making major decisions involving the use of financial and other resources. The trustees can delegate responsibility for specified matters to individual mcmbcrs or committees of the board. Cuent 5ub-conJmittees are Finan¢¢ and Administratio Festival. Awards, Quality Assurance and policy, Property and Service Developmen¢ Staffll]g, Homecare, and general Management. Decisions caD be takcn by individual members und¢r delegated powers. All actions arc discussed aud recorded ij) written minutes that are shared with tbe full board of Intees. Trustees hold regular meetings once a month and extra meetings are held in between when necessary to review stratery¥ , policy, and perfOrn1ce, to set the management plans and budgets, and for staffing nrdtters. Additiond sub-COTnmittees are forn]ed for each project to supervise and provide guidance for firther development. Human Resources, Occupational Therapy, and H¢alth and Safety Support are administered under a service agTeement with Citation. Pag¢ 11
Turkish Cypriot Community Association Report of the Trnstees for the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND ANAGEMENT Induction and training of new trustees All Mistees undergo an orientationlre&esher day within the first week of being elected. The purpose is to brief them on legal obligations under charity and charity law, the content of the memorandum and articles of association, committee and decision-making processes, the latest business planlforecast and pl&tmed direction of the Chlty, and recent fJJ)an¢ial perfornwice. During the induction day. they meet key employees and other tnjstees. Trustees are ¢ncouTagcd to attend appropriate external training events which will facilitate the undertaking of their role. TCCA also organizes in-house training for all lrnstees. It is fiutlier planned to creafr a trst¢¢ n¢wsl¢tt¢r with updates on legislation affecting trustecs and implantation of any additional changes that would ensure trustees remain compliant with any changes in legislation. All trustees complete a conllict-of-intcr¢st fom and are ¢Jthanced DBS checked. Engagement irfth suppliers, customers and others OUT relationship with our customers is key to the ongoing succ¢ss of the business. The needs and expectation of customers are an Inteal part of our business strategy. We plan to ensuTe that the chaTity dclivcrs s¢rvices of a very high standard aT)d complies with all safety re.(Tulations. We encourage long tem relationship with our suppliers thTough collaboration and develOpnnt of high quality supply chains. Non trustee key management personel: Manager Care services - N. Mustafa- responsible for care services. Manager care Services - S. Cankaya - responsible for care seryices (Part time free lance) A¢¢ounts - N. Erdinc - responsible for accounts and finance Operations Mallagement - S. mel¢t Ozkurtlar - r¢sponsible for all bookings made at our centres Custodians of Properties 117 Green Lanes, London N16 l. Y Ismailoglu 2. 1 hlustafa 3. H Raif - (deceased) STREAMLINED ENERGY AND CARBON REPORTn¥G The charity's energy collsuinption was below the annual threshold benc¢ are not Tequired to include the ¢n¢rgy and carbon inforn]ation Teports in the dccounts. Thi company b&s chosen as per the companies regulation 2018 not to include encrgy and carbon fftfonnation report on its reports. STATEMENT OF TRUSTEES, RFSPONSIBILITJES The trustees {who are also the directors of Turkish Cypriot Community Association for tbe puoseS of company law) are responsibl¢ for preparing the Report of the Trustees and the financial statements in accoTdance with applicable law and United Kingdom Accounting Standards (Uiited Kingdom Generally Acc¢pted Accounting Prnctic¢) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ir¢land" Page 12
Thrkish Cypriot Community Association Report of tbe Trustees for the year ended 31 March 2025 STATEMENT OF TRUSTEESI RESPoNsJlLITIES - continued Company law requires the trustees to prepare faTr¢Ial statements for each fmancial year. Under that law, the tnistees have el¢cted to prepare the financial statements in accoTdance with United Kingdom Generally Acceptcd Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trnstees must not approve the fmanC1 statements unless they are satisfied that they give a true and fair vi¢w 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 period. In preparAng thos¢ financial statements, the trustees are required to s¢le¢t suitable accounting policies and then apply them consist¢ntlyy obserye tlie methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prud¢nt' state whether applicable accounting standard8 have b¢en followed, subject to any material departures discloscd and explained in th¢ fthancial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will contxnue in business. Th¢ thstees are responsible for k¢epintr proper accountino records w]Jicb disclose with rcasonable accuracy at any time the fman¢ial position of the charitable Company and to enable them to ensure that the fmancial •¢ statements 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. In so far as the trustees are aware: there is no relevant audit infonnation of whi¢b the Charitable companys auditors unaware. and thc trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establisb that the auditors are aware of tbat inforn]ation. AUDITORS The auditors, Alton & Co, will be proposed for re-appointment at the forthcoming Annual G¢neTal Meeting. Report of the tThstees, in company directors, on .. orat a strategic repor¢ approved by order of the board of trustees, as the . and signed on the board's behalf by: Mr N Enver- Trustee Pag¢ 13
Report of the Independent Auditors to the Members of Turkish Cypriot Community Association Opinion We have audited the financial statements of Turkish Cypriot Community Association (tbe 'cbaritable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position. tlie Statement of Cash Flows and notes to the fJJ]ancial statements, including a summary of significant a¢couDting policies. The fmancial reporting framework that has been appli¢d in th¢ir preparation is applicable law and United Kingdom Accounting Standards (United Kingdom GeneTally Accepted Accounting Practice), including Financial Reporting stalldd 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a tnje and faiT view of the state of th¢ charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources. including its income and expenditure, for the year then have been PToperly prepar¢d in accordance with United Kingdom Generally Accepted Accounting PCtiCe, ineluding Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of ITeland and have been prepared in accordance with the requirements of the CompaDies Act 2006. Basfis for oplnion We conducted our audir in accordance with Internatio Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our r¢sponsibilities under those standards are fih¢r described in the Auditors, responsibilities for the audit of the financial statements section of our rcport. We are independent of the charitable company in accordance with the ethical r¢quiTements that are r¢l¢vallt to our audit of the financial statements in the UK including the FRC'S Ethical Standard, and we have fulfilled OUT other ethical rcsponsibilities in accordance with these requiicments. We believe that the audit evidence we bave obtsill¢d is sufficient and appropriate to provide a basis for our opinio Conclusions relating to going concern Lll auditing the fancial statements, we have concluded that the trustees, use of the going concern basis of accountin8 in the preparation of the financial stat¢ments is appropriat¢. Based on the work we have perfonnel we have Jot identified arAy nydterial uncertainties relating to events or conditions that, individually or collectively, Inay ¢ast significant doubt on the charitable company's ability to Continue as a going conc¢rn for a period of at least twelve months from when the fmancial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going coneem described in the relevant sections of this report. Other Informatlon Th¢ trustees are responsible for tbe other inforn]atiorL The other information comprises tbe InforntiOn included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the firLancial statements do¢s not cover th¢ other infornjation an(L except to the extent otherwise explicitly stated in our report, w¢ do not express any form of assurance conclusion theTeon. In connection with our audit of the f1claI statements, OUT T¢sponsibility is to ttad the other inforn]ation and, in doing so, consider wh¢ther the other infonnation is materially inconsistent with the financial statements or our knowledge obtsined in tELe audit or otherwis¢ appears to be materially misstated. If we iderjtify such material inconsistencies or apparent material misstatements, we are required to detern]ine whether this gives TIS¢ to a inaterial rnisstatement in the financial statcments themselves. I£ based on the work we have perfonned. we conclude that th¢T¢ is a Matla1 misstatement of this other infomation, we are required to report that fact. We have nothing to report in this r¢gard. Page 14
Report of the Independent Auditors to the Members of Turkish Cypriot Community Association Opinions on other matters prescribed by the Comp2nies Aet 2006 In our opinion, based on the work undcrtaken in the course of the audit: the information given in the Report of th¢ Trustees for the fmancial year for which the financial statements are prepared is Consistcnt with the financial statemellts. and the Report of the Trnstees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In th¢ light of the knowledge and understanding of the clthritable company and its cnvironment obtained in the course of the &udiL we have not identified material misstatements in the R¢port of th¢ TTU3tees. We have nothing to report in respect of the following matters wh¢r¢ th¢ Companies Act 2006 reqU¢S us to report to you if, in our opinion.. adequate accountiJ]g Tecords hav¢ not b¢en kept or returns adequate for our audit have not been received froin brdnches not visited by us. or the fmancial statements are not in agr¢em¢nt with tbe accounting records and returns. or certain discloswes of trnstees, remuneration specified by law are not made. or we have not received all the iDfornution and cxplanations we require for our audit. Responsibilities of trustees AS explained more fvlly in the Stat¢m¢nt of Trustees, Responsibilitxes, the trLLSt¢¢s (who are also the directors of the cbaritable CoMpY for the PUTposes of cornpany law) ar¢ responsible for the prepaTation of the financial statements and foT being satisfied that they give a trne and fair view, and for such internal control as the trustees detenmine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In prwaring the financial statements, tbe tnjstees are responsible for assessing tbe cbaritable 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 tbe trustees either intend to liquidat¢ the cbaritablc company or to cease operations, or have no realistic altetnative but to do so.
Report of the Independent Auditors to the Members of Turkish Cypriot Community AssociatioD Our responsil)ilRties for the audit of the financial 5tatem¢nts OUT objectives are to obtain reasonable assurance about whether the financial statements as a whole ar¢ free from inatuial misstatement, whether due to fraud or aTor, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a bigb 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 eor and e considered material if, individually or ill the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these fmancial statements. The extent to which our procedures are capable of detecting iegUlaTItics, including fraud is detailed below: We obtallied an understgnding of th¢ leg and regulatory framework that are applicable to the charity and detern]in¢d tbat the most significant are the Care Quality Commission. Health alld Safety, GDPR regulation, building safety regulation, money laundering regulation and anti bTibery regulations. We understand how the company is complying with those regulations by making ellquiries of management and key person¢l' we also revi¢wcd correspondence files. We identified areas of laws and regulations that could reasonably be expected to have a inaterial effect on the fjnancial statements using our general con3m¢rcial and sector experience, through discussion with the directors and other management (a5 required by auditing standards) and from inspection of tbe company's regulatory and legal corrcspondcnce. We discussed with thc tsustees and other management the policies and procedures regarding compliance with laws and regulations. We communicated those identified laws and regulations thIoughout our team and remained alert to any indications of non-compliance throughout the audit. Auditing standards limit the requiied audit procedures to identify non-compliancc with these laws and regulations to enquiry of the directors and oth¢r management and inspection of regulatory and legal correspondence, if any, Througb these procedures, we did not becorne aware of actual or suspected non-compliance. Owing to the inh¢rent limitations of an audil there is an unavoidable risk that we may not have detected some material misstatcin¢nts in the fm2ncial statements, even thougb we have properly planned and perforn]ed our audit in accordance with auditing standards. For ¢xarnple, the further Tcmoved non-compliance with laws and regulations (irregularities) is from the events and transactions Teflected in the fll]ancial statem¢nts, the less likely the inherently lin)ited procedures required by auditing standards would identify it. In addition, as with any audit. there remained a hlgher risk of non-detection of iegularItieS, as thcs¢ may involve collusion, forgery, intentional omissions, misrepresentstions, OT the override of internal controls. We are not responsible for preventing non-compliance and cannot be expectcd to detect non-compliance with all laws and rc8ulations. A furtlier descrAPtion of our responsibilities for the audit of the fmancial statements is located on the Financial Reporting Council's website at www.frc.org.uWauditorsr¢sponsibilities. This desGYiption forn]s patt of our Report of the tndependent Auditors. Page 16
Report of the Independent Auditors to the Members of Turkish Cypriot Community Association Use of our report This report is nude solely to the Chitable compally's membeTS, as a body, in accordance with Chapter 3 of Part 16 of tlie Coinpanies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are requittd to state to them in an auditors, report and for no other pUOse. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other thau the chaTitable company and the chaTitablc company's metllbeis as a body, for our audit worL for this report, or for the opinions we have fomed. Altan Kemal FCA FCCA (Senior Ststutory AuditOT) for and on behalf of Alton & Co Chartered Accountants & Statutory Auditors 239-241 Kennington Lane London SEI 15QU Datc: ... OF Page 17
Turlash C)riOt Community Association Statement of Financial ActAvities for the year ended 31 March 2025 2025 Total fimds 2024 Total fIaS Unr¢siTi¢ted Restricted fund Notes ]NCOME AND ENDOwTs FROM Donations and legacies 44,630 44,630 93,605 Other tradintr activAties Investment income 1.281,484 84,945 1,281,484 84,945 1,273,559 73,192 Total 1,366,429 44,630 1,411,059 1,440,356 EXPENDITURE ON Raising fimds 228,079 228,079 208,331 Charitable activities TIips & feeding for the elderly Festival expenses General Earth quake releif Community organisation Healthy ncigbour 67 23,315 7.027 3,850 39,051 27,390 19,730 24,900 19,730 24,900 Otber 1,282,296 1,282,296 1,149,571 Total 1,510,375 44,630 1.555,005 1,458,602 ET INCOMEI(EXPENDITURE) (143,946) (143,946) (18,246) RECONCILIATION OF FUINDS Total funds brought forward 739,804 739,804 758,050 TOTAL FUNDS CARRIED FORWARD 595,858 595,858 739,804 The notes forn] part of thes¢ fmancial statements Page 18
Turkish C)Trriot Commujjity Association ststement of Finaneial Position 31 Mareh 2025 2025 Total fimds 2024 Total fijnds Unrestricted Restricted fLd fimd Notes FIXED ASSETS Tantrible assets 12 89,702 89,702 95,855 CURRENT ASSETS Debtois Cash at bank 13 333,185 339,746 333,185 353,633 457,765 369,863 13,887 672,931 13,887 686,818 827,628 CREDITORS Amounts falling due within one year 14 (161,609) (13,887) (175,496) (168,379) NET CURRENT ASSETS 511,322 511,322 659,249 TOTAL ASSETS LESS CUIIRENT LIABILITIES 601,024 601,024 755,104 CREDITORS nounts falling due after inore tban Olle year 15 (5,166) (5,166) (15,300) NET ASSETS 595,858 595,858 739,804 FLFNDS Unrestiicted funds 17 595,858 739,804 TOTAL FUNDS 595,858 739,804 The fi ancial tatemen were approved by the Board of Trustees and authorised for issue on and weT¢ signed on its behalf by: Mr N Enver- Trustee The notes forni part of th¢s¢ fllwicial statements Page 19
Turkish Cypriot Community Association ststeme]Jt of Cash Flows for the year ended 31 March 2025 2025 2024 Notes Cash flows from operating 2ctivities Cash generated from operations Interest paid (3.724) (516) 18,453 (772) Net cash (us¢d in)/providcd by operating activities (4,240) 17,681 C2$h flows from investing activities Purchase of tangible fixed assets (1,900) Net cash (used in)Iprovided by investing activities (1,900) Cash flows from fJnaDcing activities Loan repaymcnts in year (10,134) (9,877) Net cash used fjnancllig activities (10,134) (9,877) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the rcporting period (16,274) 7,804 369,734 361,930 Cash and cash equivalents at the end of tbe reportlng period 353,460 369,734 The notes fomi part of these fmanciai stat¢ments Page 20
Turkisb Cyprfiot Con]munity Association Notes to the Statement of Cash Flows for the year ended 31 M2reh 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPEII4TtNG ACTIVITIES 2025 2024 Net expenditure for the reporting period (as per the Staten)ent of Finaneial Activities) Adjustments for: Depreciation charg¢s tnter¢st paid Decrease in debtors Increase in ¢reditors (143,946) (18,246) 8,053 516 124.580 7,073 9,500 772 3,578 22.849 Net cash (used in)/provided by operations (3,724) 18,453 ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Nolice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falEing due within one yeaJ 353,633 369,863 (173) (129) Totsl cash and cash equivalents 353,460 369,734 ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Net cash Cash at bank and in hand Bank overdraft 369,863 (129) (16,230) (44) 353,633 (173) 369,734 (16274) 353,460 Debt Debts falling due within l year Debts falling due after l year (9,641) (15,300) (9,641) (5,166) 10,134 (24,941) 10,134 (14,807) Total 344,793 (6,140) 338,653 The not¢s forni part of these fanCial statejnents Page 21
Turkish QTrriot Community Association Notes to the Financial Statements for the year ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the chaTitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the chltieS SOR (FRS 102) 'A¢¢ounting and Reporting by Charities: Statement of Recommended Practice applicable to ch&ities preparing th¢ii accounts in accoTdanc¢ witb the Financial Reporting Standd applicabl¢ ia the UK and Republic of Ircland (FRS 102} (effective l January 2019),. Financial Reportjng Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland, and the CompaThies Act 2006. The fmancial statements have been prepared under the hAStorical cost convention. Income All income is recogmised in th¢ Statement of Financial Activities once the chatity has entitlement to th¢ funds, it is probable that the inc()me will be received and the amount can be measured reliably. The aceTual model is used in recognition of grants where grants are ntched against tbe expendityjre it is compensating for or the condition for the grant has been fulfilled. Care income is the amount d¢riv¢d from the provision of care services, and stated after trade discounts, other sales taxes. It is reCols¢d when the chlty obtains the right to the consideydtion after the service is provided. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditsre, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditur¢ is a¢¢ounted for oil an accruals basis and hag been classified under hcadings that &gegate all cost related to tbe eategory. Where costs cannot be directly atiTibuted to partA¢ular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble red assetg Depreciation is provided at the following annual rate9 in order to write off cach asset over its estimated useful life. Freehold propcrty Short Icaschold Plant and machinery 2Q/o on cost 8traight line over the life of the lease 25 % on reducing balance Taxation The charity is exempt from corporntion tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the stees. Restricted funds can only bc used for p2rticu12r restricted purposes within the objects of th¢ chaTity, Resttictions arise when specified by the donor or when fimds are Taised for particular restiicted purposes. Further explanation of the nature and putpose of each fimd is included in the notes to the flllancial statements. Page 22 continued..
Turkish Cyprfiot Community Association Notes to the Financial Statements - continued for the year ended 31 March 2025 AccouNrtNG POLICIES- continued Hire purchase and leasing commitments Rentals paid under op¢rating leases are charged to the Statement of Financial Activiti¢s on a straight line basis over the period of the lease. Pension cost5 2nd other post-retiremellt benefits The Chitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's p¢nsioD scheme are cbarged to the Ststement of Financial Activities in tbe period to which they relate. Going co]Jcern In the trustees assessment of the charity's ability to continue in operational existence for the foreseeable fi]ttre. they have asscss¢d th¢ impact of tbe current cost of living crises on their fid]llg and operations. Their main source of income being the provision of care services. with enhanced safety PTOto¢ols they do not expect th¢ CUTTent cost of livillg crisis to significantly affect tbe operational ability of the charity. DONATIONS AND LEGAcfES 2025 2024 Grants 44,630 93,605 Grants r¢¢eivel included in the above, are as follows.. 2025 2024 All other grants Festival Income The Bridge Renewal Tnt Hackncy CVS Day-mer, Turkish and Kurdish Community Centre Thrkiye Earthquake 16.429 8,537 54.991 32,197 10,000 2,433 9,798 3,850 44,630 93,605 Page 23 continued...
Turkish Cypriot Commujjity Association Notes to the FiDallcial Statements - Continued for the year ended 31 March 2025 OTHER TRADING ACYtVITIES 2025 2024 Income - care 1,281,484 1273,559 TSTMENT INCOME 2025 2024 Rent r¢c¢ivable Office room hire 59,100 25,845 48,507 24,685 84,945 73,192 RAISING FtrNDS Other trading activxties 2025 2024 Bad debts Direct care provision exps. 91.253 136,826 39,857 168,474 228.079 208,331 c4RITABLE ACTIVITIES COSTS Support Costs (see note 7) Con)munity organisation Healthy neigbour 19,730 24,900 44,630 Page 24 continued,..
Turkish Cypriot Community Association Notes to the Financial Statements - continued for the year ended 31 March 2025 SUPPORT COSTS Governance costs Man4o¢ment Finance Totals Other Tesources expended Community organisation Healthy neigbour 1232,864 19,730 24,900 6,645 42.787 1,282,296 19,730 24.900 1277,494 6,645 42,787 1.326,926 NET INCOME/(EXTrENDITURE) N¢t income/(expenditsre) is ststed after charginty(crediting): 2025 2024 Auditors, remuneration Auditors, remuneration for non audit work Depreciation - owned assets Hire of plant and macliinery 5,900 3,700 8,053 369 4,700 2,500 9,500 582 TRUSTEES, IIEMUNEII4TION AND BENEFITS There were no trustees, remuneration or other benefits for th¢ year ended 31 March 2025 nor foT the year ended 31 March 2024. Trustees, expenses Tliere were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 10, STAFF COSTS 2025 2024 W0e$ and salaTies Social security costs Othci pension costs 1,026,121 81,885 12.662 932,570 73,340 9,824 1,120.668 1,015,734 Page 25 ¢ontiThued...
Turkish Cypriot Community Association Notes to the Ffinancial Statements - cojjtiiiued for the year ended 31 March 2025 io. STAFF COSTS - continued The average monthly number of employee8 during the year was as follows: 2025 2024 io 32 Administration staff Care staff Project staff Reception staff 30 46 No employees received emoluments in excess of £60.000. 11. COMPARATTVES FOR TILE STATEMENT OF FANCIAL ACTIVITIES Unrestricted R¢stricted fimd fid Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 93,605 93,605 Other trading activities Investment incom¢ 1,273,559 73,192 1,273,559 73,192 Total 1,346,751 93,605 1,440,356 EXPENDITURE ON Raising fimds 208,331 208,331 Charltable activities Trips & feeding for the elderly Festival cxpmses General Earth quake r¢l¢if Community organisation Healthy neigbour 67 67 23,315 7,027 3,850 39.051 27,390 23,315 7,027 3,850 39,051 27,390 Other 1,149,571 1,149,571 Totsl 1,364,996 93.606 1,458,602 NET INCOME/(EXPENDITURE) (18,245) (i) (18,246) RECONCILIATION OF FUNDS Total funds brouglit fonvard 758,050 758,050 Page 26 continuerfL..
Turkish Cyi)riot Community Association Notes to the Financial Statements- continued for the year ended 31 March 2025 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted fiuld fjjnd Total TOTAL FUNDS CARRIED FORWARD 739,805 (i) 739,804 12. TANGIBLE FIXED ASSETS Freehold prop¢ty Short leasehold Plant and macbinery Totals COST At l April 2024 Additions 111,545 224,378 200,865 1,900 536,788 1,900 At 31 March 2025 111,545 224.378 202,765 538,688 DEPRF.CIATION At l April 2024 Charge for year 38,748 1,814 224,378 177,807 6,239 440,933 8,053 At 31 March 2025 40,562 224,378 184,046 448,986 NET BOOK VALUE At 31 March 2025 7Q,983 18,719 89,702 At 31 March 2024 72,797 23,058 95,855 13. DEBTORS: AMOUNTS FALLll¥G DUE WITIIIN ONE YEAR 2025 2024 Trade debtors Rent dcposit - Hamng¢y Counc Prepayments Accrued income 258.830 11,250 330,308 11250 5,698 110,509 63,105 333,185 457,765 Page 27 continued...
Turkish Cypriot Community Association Notes to the Financial Statements - continued for the year eDded 31 March 2025 14. CREDrroRS: AMOUNTS FALLtNG DIJE WITHtN ONE YEAR 2025 2024 Bank loans and overdrafts (see note 16) Trade creditors Kitchen & Hall deposit Social sccurity and oth¢r tax¢s Wages control P¢nsion control Accruals and def¢rr¢d incom¢ Accrued expenses 9,814 20,406 5,000 16,227 95,970 5,792 13,887 8,400 9,770 30,535 5,000 18,576 94,797 2,501 7,20 175,496 168,379 15. CREDITORS: AMOUNTS FALLING DifE ATER MORI THAN ONE YEAR 2025 2024 Bank loans (see note 16) 5,166 15,300 16. LOANS An analysis of the matiwity of loans is given below: 2025 2024 Amounts falling due within one year on demand: Bank overdrafts BaDk loans 173 9,641 129 9,641 9,814 9,770 Amounts falling between one and two years: Bank loans - 1-2 years 5,166 9,641 Amounts falling due b¢iw¢en two and five years: Bank loans - 2-5 years 5,659 Page 28 contillu¢d...
Turkish C)Triot Community Association Notes to the Financial Statements- continued for the year ended 31 March 2025 17. MOVEMEKr tN FUNDS Net movement in funds At 3113125 At 114124 Unrestricted funds General fiind 739,804 (143,946) 595,858 TOTAL FUNDS 739,804 (143,946) 595,858 Net movement in funds, included in th¢ above aTe a5 follows: Incoming resoutces Resources expended Movement in fia5 Unrestricted funds Gcncral fuDd 1,366.429 (1,510,375) (143,946) Restricted funds ReIcted ndS 44,630 (44,630) TOTAL FUNDS 1.411,059 (1,555,005) (143,946) Comparatives for movement sn funds Net movement in funds At 3113124 At 114123 Unrestrieted funds General fund 758,050 (18,246) 739.804 TOTAL FUNDS 758,050 (18246) 739,804 Pag¢ 29 oniinued...
Turkish Cypriot Community Association Notes to the Financial Statements - ¢ont5nued for the year ended 31 March 2025 17. MOVEMENT tN FUNDS - continued Compardtive net movement in fias, included in the above are as follows.. Incoming resources Resources expended Movement in fimds Unrestricted funds Gener fund 1,346,75 I (1,364,997) (18,246) Restricted funds Restricted funds 93,605 (93,605) TOTAL FUNDS 1,440,356 (1,458,602) (18246) A Cuxrent year 12 months and prior year 12 rAonths combined position is as follows.. N¢t movement in fijnds At 3113125 At 114123 Unrestrieted fund$ General fimd 758,050 (162,192) 595,858 TOTAL FUNDS 758,050 (162,192) 595,858 A cuent yeaT 12 months and prior year 12 months combined net mov¢inent in ftll]ds, included in the above are as follows.. Incoming resources Resources expended Movemt in funds Unrestricted funds General fund 2,713,180 (2,875,372) (162,192) Restricted funds R¢stricted funds 138,235 {138,235) TOTAL FUNDS 2,851,415 (3,013,607) (162,192) Page 30 ontinucd..
Turktsh Cypriot Community Association Notes to the Financial Statements - contfinued for the year ended 31 March 2025 18. RELATED PARTY DISCLOSURES Transactions wxth persons with significant influence: Title to fre¢hold interest in 117 Green Lancs propety is held in the natlles of some of the trustees jointly for the charity. 19. LIMITATION OF LIABILITY The charity is a private Limited Company by guarantee without share capital use of 'Limited' ex¢mptioJL Page 31
Turkisb Cypriot Community Association Detailed Statement of Financial Activities for the year ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legaeies Grants 44,630 93,605 Other trading actiNryties Income - Care 1,281,484 1.273.559 Investment income Rent r¢¢¢ivabl¢ Office room hire 59,100 25,845 48,507 24.685 84,945 73,192 Total incoming resource5 1,411,059 1,440,356 EXPENDITURE Other trading activities Bad debts Dircct care provision ¢xps. 91,253 136,826 39,857 168,474 228,079 208,331 Support costs Management 1,026,121 81,885 12,662 369 35,755 16,932 8,533 6,444 5,738 325 10,331 9,786 21,101 932,570 73,340 9,824 582 28,379 7.817 18,096 4,797 2,949 1,400 16,839 10,774 30,471 729 8,530 15,073 1,162,170 Social security Pensions Hire of plant and machinery Rent, Rates and water Insuranc¢ Light and heat Telephone Postage and stationery Advertising Legal & professional fee8 Cleaning expenses Project activities Project meetings Computer expenses Repairs & renewals Carried forward 5,742 6,498 1,248.222 This page does not fomi part of the stattjtory financial statements Pag¢ 32
Turktsh Cypriot Community Association Detailed Ststement of Financial Activities for the year ended 31 March 2025 2025 2024 Management Brought forward Subscription & membership fee Training Motor & travelling cost Staff welfare Fre¢hold prop¢ty Plant and machinery 1,248,222 821 14,841 544 5,013 1,814 6,239 1,162,170 476 19,458 1.067 6,815 1,814 7,686 1,277,494 1,199,486 Finance Fines & penalties Bank charges Donations Bank loan interest 19.168 656 4,799 772 669 5,460 516 6,645 25,395 Governance Costs Auditors, r¢muneTation Auditors, remuneration for non audit work Professional and legal fees 5.90Q 3,70Q 33,187 4,700 2,500 18,190 42,787 25,390 Total resources expended ,555,005 1,458,602 Net expenditure (143,946) (18,246) This page does not forn] part of th¢ ststutory financial staternts Page 33