Registered number: 08916725
MEC FOUNDATION UK UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024
Smart Sense Accountants Ltd
Mec Foundation UK Unaudited Financial Statements For The Year Ended 28 February 2024
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Accountant's Report | 2 |
| Income and Expenditure Account | 3 |
| Balance Sheet | 4 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 5 |
Mec Foundation UK Company Information For The Year Ended 28 February 2024
| Directors | Dr Mehmet Karakus |
|---|---|
| Mr Hayri Tut | |
| Dr Mehmet Aydin | |
| Dr Fatih Tuysuz | |
| Secretary | Dr Fatih Tuysuz |
| Company Number | 08916725 |
| Registered Office | Turkish Community Centre |
| 35 Grainger Park Road | |
| Newcastle Upon Tyne | |
| NE4 8SA | |
| Accountants | Smart Sense Accountants Ltd |
| 167 Easterly Road | |
| Leeds | |
| LS8 2RA |
Page 1
Mec Foundation UK Accountant's Report For The Year Ended 28 February 2024
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 28 February 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13/03/2024
Smart Sense Accountants Ltd 167 Easterly Road Leeds LS8 2RA
Page 2
Mec Foundation UK Income and Expenditure Account For The Year Ended 28 February 2024
| TURNOVER Other income Staff costs Other charges NET SURPLUS |
2024 £ 150,350 298 (23,811) (89,103) 37,734 |
2023 £ 199,152 - (11,642) (127,130) |
|---|---|---|
| 60,380 |
Page 3
Mec Foundation UK Balance Sheet As At 28 February 2024
| Fixed assets Current assets NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES Accruals and deferred income NET ASSETS RESERVES |
2024 £ 1 120,419 |
2023 £ 1 82,685 |
|---|---|---|
| 120,419 | 82,685 | |
| 120,420 | 82,686 | |
| (600) | (600) | |
| 119,820 | 82,086 | |
| 119,820 | 82,086 |
Notes
1. General Information
Mec Foundation UK is a private company, limited by guarantee, incorporated in England & Wales, registered number 08916725. The registered office is Turkish Community Centre, 35 Grainger Park Road, Newcastle Upon Tyne, NE4 8SA.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
3. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions.
On behalf of the board
Dr Fatih Tuysuz
Director
19/03/2024
Page 4
Mec Foundation UK Detailed Income and Expenditure Account For The Year Ended 28 February 2024
| TURNOVER Donations Rental income OTHER INCOME Other operating income STAFF COSTS Cost of sales: Charitable Events Administration: Wages and salaries Subsistence expenses OTHER CHARGES Other direct costs: Premises costs Insurance Premises expenses: Rent Rates Light and heat Water rates Repairs and maintenance Cleaning Premises insurance General administration costs: Telecommunications and data costs Accountancy fees Professional fees Charitable donations Sundry expenses NET SURPLUS |
2024 £ £ 143,510 6,840 150,350 298 150,648 17,961 5,850 - 5,850 (23,811) - - - 7,200 2,687 15,283 6,064 3,271 1,280 2,022 37,807 1,209 600 19,155 30,331 1 51,296 (89,103) 37,734 |
2024 £ £ 143,510 6,840 150,350 298 150,648 17,961 5,850 - 5,850 (23,811) - - - 7,200 2,687 15,283 6,064 3,271 1,280 2,022 37,807 1,209 600 19,155 30,331 1 51,296 (89,103) 37,734 |
2023 £ £ 189,607 9,545 199,152 - 199,152 - - 11,642 11,642 (11,642) 5,326 1,742 7,068 6,850 425 9,050 2,027 3,368 1,315 - 23,035 908 600 1,800 93,720 (1) 97,027 (127,130) 60,380 |
2023 £ £ 189,607 9,545 199,152 - 199,152 - - 11,642 11,642 (11,642) 5,326 1,742 7,068 6,850 425 9,050 2,027 3,368 1,315 - 23,035 908 600 1,800 93,720 (1) 97,027 (127,130) 60,380 |
|---|---|---|---|---|
| 17,961 5,850 - |
- - 11,642 |
|||
| 150,648 (23,811) (89,103) |
199,152 (11,642) (127,130) |
|||
| 5,850 | 11,642 | |||
| - - |
5,326 1,742 |
|||
| - | 7,068 | |||
| 7,200 2,687 15,283 6,064 3,271 1,280 2,022 |
6,850 425 9,050 2,027 3,368 1,315 - |
|||
| 37,807 | 23,035 | |||
| 1,209 600 19,155 30,331 1 |
908 600 1,800 93,720 (1) |
|||
| 51,296 | 97,027 | |||
| 37,734 | 60,380 |
Page 5