Charity no: 1154664
ROBERT COLLEGE UK
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
ROBERT COLLEGE UK
CONTENTS FOR THE YEAR ENDED 30 JUNE 2024
| Page | |
|---|---|
| Trustees’ Report | 2 |
| Independent Examiner’s Report | 4 |
| Statement of Assets and Liabilities | 5 |
| Receipts and Payments Account | 6 |
| Notes to the accounts | 7 |
ROBERT COLLEGE UK
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024
| Charity Name: | Robert College UK |
|---|---|
| Registered Charity Number: | 1154664 |
| Charity Principal Address: | Kurucesme CAD no: 87 |
| Arnavutkoy | |
| Istanbul | |
| Turkey | |
| Trustees: | Cem Usten |
| Kemal Askar | |
| Goksu Nebol-Perlman | |
| Ayse Demirel Atakan | |
| Independent Examiners: | Price Bailey LLP |
| 8thFloor | |
| Dashwood House | |
| 69 Old Broad Street | |
| London | |
| EC2M 1QS | |
| Bankers: | National Westminster Bank Plc |
| 135 Bishopsgate | |
| London | |
| EC2M 3UR |
ROBERT COLLEGE UK
TRUSTEES’ REPORT FOR THE YEAR TO 30 JUNE 2024
Objectives
To advance education and training by providing and assisting in the provision of facilities not required to be provided by the local education authority for education at Robert College of Istanbul, a co-educational high school founded in 1863 in Istanbul, Turkey.
To advance education and training by the provision of financial grants to students in financial need in order that they attend the Robert College of Istanbul and to assist graduates of the Robert College of Istanbul in advancing further education.
Structure, governance and management
Robert College UK is constituted under a Trust Deed dated 20 November 2013. It is a registered charity no. 1154664.
The Trustees who have served during the year and since the year end are set out on page 1. Where there is a requirement for new Trustees, they would be identified and appointed by the remaining Trustees.
The charity is organised so that the Trustees meet regularly to manage its affairs. It does not employ any full or part-time staff but its administration is managed under the direction of the Trustees by consultants.
Risk Management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that such risks are continuously monitored and that appropriate steps can be taken to lessen these risks.
Reserves policy
The Trustees ensure there are adequate reserves to meet liabilities as they are due. All of the charity’s funds as at 30 June 2024 are general unrestricted funds which are expendable at the discretion of the Trustees in furtherance of the objects of the charity.
Reserves balances are monitored on a regular basis by the Trustees, who review the level of reserves in the light of future funding requirements. The Trustees consider the reserve at year end 30 June 2024 of £99,206 to be sufficient to settle the liabilities as they fall due for a period of 12 months.
Grant making policy
Grants are awarded to beneficiaries at the discretion of the Trustees; ensuring grants awarded are in furtherance of the objects of the charity.
Public Benefit
The Trustees confirm that the activities of the charity are carried out, in line with its charitable objects, for the benefit of the public and in accordance with the guidance in section 17 of the Charities Act 2011.
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ROBERT COLLEGE UK
TRUSTEES’ REPORT FOR THE YEAR TO 30 JUNE 2024
The Trustees therefore confirm that they have due regard for the Charity’s Commission’s general guidance on public benefit when setting the objects, and planning the activities, of the charity.
Summary of main activities undertaken
Robert College UK engages in fund raising activities to support educational activities in Turkey of people under the age of 21 in such ways as the charity trustees think fit, including by awarding to such persons scholarships, maintenance allowances or grants.
Going Concern
The trustees are aware of the uncertainties which have arisen as a result of the COVID-19 Pandemic. The trustees are satisfied that the charity has the resources to settle its liabilities as they fall due for at least the next 12 months.
Achievements and performance
Robert College UK was able to raise £109,942 (2023: £77,882) during the year to be used for its charitable objectives.
The Trustees report was approved and signed on behalf of all the Trustees by
Cem Usten
Date: 6 May 2025
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ROBERT COLLEGE UK
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ROBERT COLLEGE UK
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2024 which are set out on pages 5 to 7.
Responsibilities and basis of report
As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records
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.
Michael Cooper-Davis FCCA ACA For and on behalf of:
Price Bailey LLP Chartered Accountants 3[rd] Floor 24 Old Bond Street London W1S 4AP
Date: 12 May 2025
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ROBERT COLLEGE UK
STATEMENT OF ASSETS AND LIABILITIES AS AT 30 JUNE 2024
| 30 June | 30 June | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Gift aid debtor | - | 11,060 |
| Cash at bank | 99,206 | 153,951 |
| TOTAL ASSETS | 99,206 | 165,011 |
| Liabilities: | ||
| Creditors | 2,532 | 3,786 |
The Accounts were approved and signed on behalf of all the Trustees by
…………………………………. Cem Usten
Date: 6 May 2025
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ROBERT COLLEGE UK
RECEIPTS AND PAYMENTS ACCOUNT
| Total receipts Donations Gift Aid Payments Payments directly for charitable purposes Charitable activities Payments for the furtherance of the charity’s objectives Independent examination fees Other costs Total Payments Net increase / (decrease) in cash in the year Cash reserves brought forward Cash reserves carried forward |
Year to 30 June 2024 £ 79,355 30,587 109,942 160,055 160,055 4,602 30 4,632 164,687 (54,745) 153,951 99,206 |
Year to 30 June 2023 £ 72,987 4,895 |
|---|---|---|
| 77,882 - |
||
| - 750 199 |
||
| 949 949 |
||
| 76,933 77,018 |
||
| 153,951 |
All the Trust’s funds are unrestricted funds
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ROBERT COLLEGE UK ACCOUNTS FOR THE YEAR TO 30 JUNE 2024
Accounting Policies:
The receipts and payments account has been drawn up as a summary of the receipts and payments made during the year by the charity. Amounts are included as received by the charity or as the cheques are drawn. The receipts and payments account and statement of assets and liabilities have been prepared following the guidance for accounting for smaller charities issued by the Charity Commission.
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