REGISTERED COMPANY NUMBER: 06943840 (England and Wales) REGISTERED CHARITY NUMBER: 1170943
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2025
for
Nur Cultural Education Association
KALA ATKINSON Chartered Certified Accountants & Statutory Auditors 43 Upton Lane London E7 9PA
Nur Cultural Education Association
Contents of the Financial Statements for the Year Ended 31 May 2025
| Page | ||
|---|---|---|
| Report of the Trustees | 1 | |
| Statement of Financial Activities | 2 | |
| Balance Sheet | 3 | to 4 |
| Notes to the Financial Statements | 5 | to 10 |
| Detailed Statement of Financial Activities | 11 | to 12 |
Nur Cultural Education Association
Report of the Trustees for the Year Ended 31 May 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06943840 (England and Wales)
Registered Charity number
1170943
Registered office
70a Willoughby Lane London N17 0SP
Trustees
S Basatogrul T Demir F Gultekin S Kilic
Company Secretary
Approved by order of the board of trustees on ............................................... and signed on its behalf by:
.......................................................................... S Kilic - Trustee
Page 1
Nur Cultural Education Association
Statement of Financial Activities for the Year Ended 31 May 2025
| INCOME AND ENDOWMENTS FROM Notes 31.5.25 Unrestricted fund £ Donations and legacies 330,481 Investment income 2 13,200 Total 343,681 EXPENDITURE ON Raising funds 3 53,227 NET INCOME/(EXPENDITURE) 290,454 RECONCILIATION OF FUNDS Total funds brought forward 772,833 TOTAL FUNDS CARRIED FORWARD 1,063,287 |
31.5.24 Total funds £ 453,940 12,600 466,540 41,689 424,851 347,982 772,833 |
|---|---|
The notes form part of these financial statements
Page 2
Nur Cultural Education Association
Balance Sheet 31 May 2025
| FIXED ASSETS Notes Tangible assets 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS FUNDS Unrestricted funds 12 TOTAL FUNDS |
31.5.25 Unrestricted fund £ 1,354,091 39,157 (7,491) 31,666 1,385,757 (322,470) 1,063,287 1,063,287 1,063,287 |
31.5.24 Total funds £ 1,354,333 31,629 (4,759) 26,870 1,381,203 (608,370) 772,833 772,833 772,833 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 3
Nur Cultural Education Association
Balance Sheet - continued 31 May 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. S Kilic - Trustee
The notes form part of these financial statements
Page 4
Nur Cultural Education Association
Notes to the Financial Statements for the Year Ended 31 May 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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 corporation 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.
2. INVESTMENT INCOME
31.5.25 31.5.24 £ £ Rents received 13,200 12,600
continued...
Page 5
Nur Cultural Education Association
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
3. RAISING FUNDS
Raising donations and legacies
==> picture [444 x 222] intentionally omitted <==
----- Start of picture text -----
||||
|---|---|---|
|31.5.25|31.5.24|
|£|£|
|Donation paid|3,208|7,400|
|Computer cost|354|-|
|Events|5,203 755|
|Subscriptions|972 804|
|Depreciation|242|303|
|Support costs|585 1,142|
|10,564|10,404|
|NET INCOME/(EXPENDITURE)|
|Net income/(expenditure) is stated after charging/(crediting):|
|31.5.25|31.5.24|
|£|£|
|Depreciation - owned assets|242|303|
----- End of picture text -----
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
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----- Start of picture text -----
||||
|---|---|---|
|31.5.25|31.5.24|
|average number of employees|3|1|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
continued...
Page 6
Nur Cultural Education Association
Notes to the Financial Statements - continued
for the Year Ended 31 May 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS COST At 1 June 2024 Additions At 31 May 2025 DEPRECIATION At 1 June 2024 Charge for year At 31 May 2025 NET BOOK VALUE At 31 May 2025 At 31 May 2024 |
Freehold property £ 1,353,121 - 1,353,121 - - - 1,353,121 1,353,121 |
Plant and machinery £ 4,655 - 4,655 3,443 242 3,685 970 1,212 |
Unrestricted fund £ 466,540 41,689 424,851 347,982 772,833 Totals £ 1,357,776 - 1,357,776 3,443 242 3,685 1,354,091 1,354,333 |
|---|---|---|---|
continued...
Page 7
Nur Cultural Education Association
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.5.25 | 31.5.24 | |||
| £ | £ | |||
| Trade creditors | 6,771 | 4,339 | ||
| Accrued expenses | 720 | 420 | ||
| 7,491 | 4,759 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 11) |
31.5.25 £ 322,470 |
31.5.24 £ 608,370 |
|
| 11. | LOANS An analysis of the maturity of loans is given below: Amounts falling due in more than five years: Repayable by instalments: Other loans more 5yrs instal Repayable otherwise than by instalments: Qarz-E-Hasna |
31.5.25 £ - 322,470 |
31.5.24 £ 350,000 258,370 |
|
| 12. | MOVEMENT IN FUNDS Unrestricted funds General fund |
At 1.6.24 £ 772,833 |
Net movement in funds £ 290,454 |
At 31.5.25 £ 1,063,287 |
| TOTAL FUNDS | 772,833 | 290,454 | 1,063,287 | |
| Net movement in funds, included in the above are as follows: Unrestricted funds General fund |
Incoming resources £ 343,681 |
Resources expended £ (53,227) |
Movement in funds £ 290,454 |
|
| TOTAL FUNDS | 343,681 | (53,227) | 290,454 | |
continued...
Page 8
Nur Cultural Education Association
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds At 1.6.23 £ General fund 347,982 TOTAL FUNDS 347,982 Comparative net movement in funds, included in the above are as follows: Unrestricted funds Incoming resources £ General fund 466,540 TOTAL FUNDS 466,540 A current year 12 months and prior year 12 months combined position is as follows: At 1.6.23 £ Unrestricted funds General fund 347,982 TOTAL FUNDS 347,982 |
Net movement At in funds £ 31.5.24 £ 424,851 772,833 424,851 772,833 Resources expended £ Movement in funds £ (41,689) 424,851 (41,689) 424,851 Net movement At in funds 31.5.25 £ £ 715,305 1,063,28 7 715,305 1,063,28 7 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 810,221 810,221 |
Resources expended £ Movement in funds £ (94,916) 715,305 (94,916) 715,305 |
|---|---|---|
continued...
Page 9
Nur Cultural Education Association
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2025.
Page 10
Nur Cultural Education Association
Detailed Statement of Financial Activities for the Year Ended 31 May 2025
| Detailed Statement of Financial Activities for the Year Ended 31 May 2025 |
||
|---|---|---|
| 31.5.25 | 31.5.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 329,592 | 453,570 |
| Gift aid | 889 | 370 |
| Investment income | 330,481 | 453,940 |
| Rents received | 13,200 |
12,600 |
| Total incoming resources | 343,681 | 466,540 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Rent | - | - |
| Donation paid | 3,208 | 7,400 |
| Computer cost | 354 | - |
| Events | 5,203 | 755 |
| Subscriptions | 972 | 804 |
| Plant and machinery | 242 | 303 |
| Other trading activities | 9,979 | 9,262 |
| Wages | 17,980 | 10,854 |
| Rates | 2,671 | 1,600 |
| Cleaning | 668 |
- |
| Light and heat | 8,366 | 3,342 |
| Telephone | 760 | 654 |
| Sundry | 59 | - |
| Accountancy | 792 | 330 |
| Insurance | 6,302 | 6,235 |
| Repairs and renewals | 3,577 | 3,419 |
| Bank charges | 996 | 4,260 |
| Travelling | 492 | 591 |
| 42,663 | 31,285 | |
| Support costs | ||
| Governance costs | ||
| Legal fees | 585 |
1,142 |
This page does not form part of the statutory financial statements
Page 11
Nur Cultural Education Association
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 May 2025 | ||
| 31.5.25 | 31.5.24 | |
| £ | £ | |
| Total resources expended | 53,227 | 41,689 |
| Net income/(expenditure) | 290,454 | 424,851 |
This page does not form part of the statutory financial statements
Page 12