**REGISTERED CHARITY NUMBER: 1086377** Report of the Trustees and Financial Statements for the Year Ended 31 March 2025 for Turkish Religious Foundation of United Kingdom Musalar & Co Accountants International Accountant &Tax Consultant FAIA, FFA, FIPA,,FFTA 536 Lordship Lane London N22 5BY Turkish Religious Foundation of United Kingdom Contents of the Financial Statements for the Year Ended 31 March 2025 ||Page| |---|---| |Reference and Administrative Details|1| |Report of the Trustees|2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Cash Flow Statement|6| |Notes to the Cash Flow Statement|7| |Notes to the Financial Statements|8 to 14| |Detailed Statement of Financial Activities|15 to 16| Turkish Religious Foundation of United Kingdom Reference and Administrative Details for the Year Ended 31 March 2025 **TRUSTEES** E Pastirmacioglu M Yurtseven E Yenturk Chairman M Canga Trustee **PRINCIPAL ADDRESS** 31 High Street London N8 7QB **REGISTERED CHARITY** 1086377 **NUMBER INDEPENDENT EXAMINER** Musalar & Co Accountants International Accountant &Tax Consultant FAIA, FFA, FIPA,,FFTA 536 Lordship Lane London N22 5BY Page 1 Turkish Religious Foundation of United Kingdom Report of the Trustees for the Year Ended 31 March 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The Charity established to provide social and religious services to the community in particular the Turkish immigrants in the UK to help the to achieve harmonious relations with the members of the British society and peaceful co-existence. The principal activities of the charity are weekend schools, services in the mosques, funeral transportation services, social services, religious education, women's branch activities, handcraft courses and media and communication ## **FINANCIAL REVIEW Principal funding sources** Charitable donations ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Approved by order of the board of trustees on 10 November 2025 and signed on its behalf by: E Yenturk - Trustee Page 2 Independent Examiner's Report to the Trustees of Turkish Religious Foundation of United Kingdom ## **Independent examiner's report to the trustees of Turkish Religious Foundation of United Kingdom** I report to the charity trustees on my examination of the accounts of Turkish Religious Foundation of United Kingdom (the Trust) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of International Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Hasan Yusuf Musalar The Association of International Accountants Musalar & Co Accountants International Accountant &Tax Consultant FAIA, FFA, FIPA,,FFTA 536 Lordship Lane London N22 5BY 10 November 2025 Page 3 Turkish Religious Foundation of United Kingdom ## Statement of Financial Activities for the Year Ended 31 March 2025 |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**EXPENDITURE ON**
Raising funds
3
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|31.3.25
Unrestricted
fund
£
315,503
165,197
186,786
351,983
(36,480)
2,742,900
2,706,420|31.3.24
Total
funds
£
763,424
624,581
42,322
666,903
96,521
2,646,379
2,742,900| |---|---|---| The notes form part of these financial statements Page 4 Turkish Religious Foundation of United Kingdom ## Balance Sheet 31 March 2025 |Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
**TOTAL FUNDS**|31.3.25
Unrestricted
fund
£
2,623,481
83,340
(401)
82,939
2,706,420
2,706,420
2,706,420
2,706,420|31.3.24
Total
funds
£
2,616,680
132,083
(5,863)
126,220
2,742,900
2,742,900
2,742,900
2,742,900| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 10 November 2025 and were signed on its behalf by: E Yenturk - Trustee The notes form part of these financial statements Page 5 Turkish Religious Foundation of United Kingdom ## Cash Flow Statement ## for the Year Ended 31 March 2025 |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|31.3.25
£
(38,536)
(38,536)
(10,207)
(10,207)
(48,743)
132,083
83,340|31.3.24
£
99,086
99,086
(1,706)
(1,706)
97,380
34,703
132,083| |---|---|---| The notes form part of these financial statements Page 6 Turkish Religious Foundation of United Kingdom ## Notes to the Cash Flow Statement for the Year Ended 31 March 2025 ## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
(Decrease)/increase in creditors
**Net cash (used in)/provided by operations**|31.3.25
£
(36,480)
3,406
(5,462)
(38,536)|31.3.24
£
96,521
341
2,224
99,086| |---|---|---| ## **2. ANALYSIS OF CHANGES IN NET FUNDS** |**Net cash**|At 1.4.24
Cash flow
At 31.3.25
£
£
£| |---|---| |Cash at bank|132,083
(48,743)
83,340| ||132,083
(48,743)
83,340| |**Total**|132,083
(48,743)
83,340| The notes form part of these financial statements Page 7 Turkish Religious Foundation of United Kingdom Notes to the Financial Statements for the Year Ended 31 March 2025 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 8 Turkish Religious Foundation of United Kingdom Notes to the Financial Statements - continued for the Year Ended 31 March 2025 |**2.**
**DONATIONS AND LEGACIES**
Gifts
Donations
**3.**
**RAISING FUNDS**
**Raising donations and legacies**
Support costs
**Other trading activities**
Support costs
**Investment management costs**
Rent collection
Aggregate amounts|31.3.25
£
1
315,502
315,503
31.3.25
£
98,649
31.3.25
£
61,326
31.3.25
£
5,222
165,197|31.3.24
£
208,737
554,687
763,424
31.3.24
£
609,563
31.3.24
£
-
31.3.24
£
15,018
624,581| |---|---|---| continued... Page 9 Turkish Religious Foundation of United Kingdom ## Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## **4. SUPPORT COSTS** |**SUPPORT COSTS**|||| |---|---|---|---| ||||Information| ||Management|Finance|technology| ||£|£|£| |Raising donations and legacies|43,260|751|52,138| |Other trading activities|3,240|640|57,430| |Other resources expended|22,882|3,261|114,184| ||69,382|4,652|223,752| |Raising donations and legacies|Human
resources
£
-|Governance
costs
£
2,500|Totals
£
98,649| |Other trading activities|16|-|61,326| |Other resources expended|-|-|140,327| ||16|2,500|300,302| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **6. STAFF COSTS** |Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:|31.3.25
£
22,730
526
23,256
31.3.25|31.3.24
£
26,961
622
27,583
31.3.24| |---|---|---| No employees received emoluments in excess of £60,000. continued... Page 10 Turkish Religious Foundation of United Kingdom Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**
**8.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST**
At 1 April 2024
2,756,907
Additions
-
At 31 March 2025
2,756,907
**DEPRECIATION**
At 1 April 2024
141,594
Charge for year
-
At 31 March 2025
141,594
**NET BOOK VALUE**
At 31 March 2025
2,615,313
At 31 March 2024
2,615,313|Plant and
machinery
£
41,793
10,207
52,000
40,427
3,406
43,833
8,167
1,366|Motor
vehicles
£
13,955
-
13,955
13,954
-
13,954
1
1||Unrestricted
fund
£
763,424
624,581
42,322
666,903
96,521
2,646,379
2,742,900
Totals
£
2,812,655
10,207
2,822,862
195,975
3,406
199,381
2,623,481
2,616,680| |---|---|---|---|---| continued... Page 11 Turkish Religious Foundation of United Kingdom Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
**10.**
**MOVEMENT IN FUNDS**
At 1.4.24
£
**Unrestricted funds**
General fund
2,742,900
**TOTAL FUNDS**
2,742,900
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
315,503
**TOTAL FUNDS**
315,503
**Comparatives for movement in funds**
At 1.4.23
£
**Unrestricted funds**
General fund
2,646,379
**TOTAL FUNDS**
2,646,379||31.3.25
£
401
Net
movement
in funds
£
(36,480)
(36,480)
Resources
expended
£
(351,983)
(351,983)
Net
movement
in funds
£
96,521
96,521|31.3.24
£
5,863
At
31.3.25
£
2,706,420
2,706,420
Movement
in funds
£
(36,480)
(36,480)
At
31.3.24
£
2,742,900
2,742,900| |---|---|---|---| continued... Page 12 Turkish Religious Foundation of United Kingdom Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
763,424
**TOTAL FUNDS**
763,424
A current year 12 months and prior year 12 months combined position is
At 1.4.23
£
**Unrestricted funds**
General fund
2,646,379
**TOTAL FUNDS**
2,646,379|Resources
expended
£
(666,903)
(666,903)
as follows:
Net
movement
in funds
£
60,041
60,041|Movement
in funds
£
96,521
96,521
At
31.3.25
£
2,706,420
2,706,420| |---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**|Incoming
Resources
resources
expended
£
£|Movement
in funds
£| |---|---|---| |General fund|1,078,927
(1,018,886)|60,041| |**TOTAL FUNDS**|1,078,927
(1,018,886)|60,041| continued... Page 13 Turkish Religious Foundation of United Kingdom Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2025. Page 14 Turkish Religious Foundation of United Kingdom Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Rent collection
**Other**
Wages
Pensions
Hire of plant and machinery
Host and domain
Equipment expenses
Trade refuse
Security expenses
Other Professional Fees
**Support costs**
**Management**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Travel & Subsistence
Fuel and oil
Penaties and fine
Toll charges
Other motor expenses|31.3.25
£
1
315,502
315,503
315,503
5,222
22,730
526
-
-
6,865
929
656
14,753
46,459
15,333
9,144
19,906
2,311
2,028
3,347
16,119
446
195
60
493
69,382|31.3.24
£
208,737
554,687
763,424
763,424
15,018
26,961
622
550
130
4,250
1,078
361
7,652
41,604
6,610
6,582
14,853
2,804
131
1,101
30,137
1,711
624
37
23
64,613| |---|---|---| This page does not form part of the statutory financial statements Page 15 Turkish Religious Foundation of United Kingdom ## Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |**Management**
**Finance**
Sundries
Bank charges
Plant and machinery
**Information technology**
Repairs and renewals
Charitable expenses
**Human resources**
Software licences
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|31.3.25
£
-
1,246
3,406
4,652
991
222,761
223,752
16
2,500
351,983
(36,480)|31.3.24
£
6
1,002
341
1,349
198,327
343,735
542,062
31
2,226
666,903
96,521| |---|---|---| This page does not form part of the statutory financial statements Page 16