COMPANY REGISTRATION NUMBER: 09734149 CHARITY REGISTRATION NUMBER: 1171363 Turken Foundation UK Company Limited by Guarantee Unaudited Financial Statements 31 July 2025 Pearlman Rose Chartered Accountants Suite 1, First Floor Jack Dash House 2, Lawn House Close London, E14 9YQ Turken Foundation UK Company Limited by Guarantse FinanGial Statem•nts Year ended 31 July 2025 Page Trustees, annual report (incorporating the directorfs report) Independent examinevs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial posrtion Notes to the financial statements **Turken Foundation UK** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** ## **Year ended 31 July 2025** The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2025. ## **Reference and administrative details** **Registered charity name** Turken Foundation UK **Charity registration number** 1171363 **Company registration number** 09734149 **Principal office and registered** Third Floor Ruskin House **office** 40 - 41 Museum Street London WC1A 1LT England ## **The trustees** Mr. A Hazar Mr. A Tanberk Mrs. Y Solmaz **Independent examiner** Pearlman Rose Suite, 1 First Floor Jack Dash House 2, Lawn House Close London, E14 9YQ ## **Structure, governance and management** ## Governing document The charity is controlled by the governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the companies act 2006. ## Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. **1** Turken Foundation UK Company Limited by Guarantse Trustees, Annual Report (Incorporating the Directovs Report) (confy"nuedJ Year ended 31 July 2025 Objectives and actlvltles The objects of the charity are.. 1. for the public benefit lo promote the education {including S(￿la1 and physral training) of people of limited means from any part of the wodd who are coming to the UK in such ways as the ¢harily trustees think fil, induding by.. al awardin9 to such persons scholarships, maintenance allowances or grants tenable at any university. college or insty'tution of higher or further educab'on. bl providing for their education (including the study of music and other arts). by enabling them to undertake travel in furtherance of that education or to prepare for enty lo any ctcupalion. trade or profession on leaving any educab'onal establishment cl supporting students who follow the Islamic faith by the prowsion of accommodation suitable lo them lo pursue the practices of th￿r Muslim faith and other support to assist them to integr*e into UK scciety. 2 the advancement of such other purposes as are exclusively charitable in England and wales as the trustees shall determine in their sole discretion provided that the charity may not further any purposes which are not charitsble in accordance with the laws of Scotland or Northem Ireland. The trustees consider that the chartty's acliwlies in meeting its objectives have been satisfactory during the year. Flnancial rnview Totsl income in the year amounted lo £265,799 with total expenditure amounting lo £219,131 making surplus in the year of £46,668. Small company provlslons This report has been prepared in accordance with the provisions applicable lo companies entiued to the small companies exemption. The Iruslees. annual rewrt was approved on 2 3June 2026 and signed on behalf of the Ix)ard of trustees by.. Abdullah Hazar **Turken Foundation UK** ## **Company Limited by Guarantee** ## **Independent Examiner's Report to the Trustees of Turken Foundation UK** ## **Year ended 31 July 2025** I report to the trustees on my examination of the financial statements of Turken Foundation UK ('the charity') for the year ended 31 July 2025. ## **Responsibilities and basis of report** The trustees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006, and • to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met, or (2)to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached." PEARLMAN ROSE Independent Examiner Suite 1, First Floor Jack Dash House 2, Lawn House Close London, E14 9YQ 23 June 2026 3 Turken Foundation UK Company Limitsd by Guarantee Statement of Finanelal Activities lincluding incom• and expenditure account) Year ended 31 July 2025 2024 Total Funds Unrestri¢led Funds Restricted Funds otal Funds Income ond endowmonts Donations and legacies Other Income 263,111 1.688 264,799 1000 115.500 3525 Tot•1 Income Expenditure Ext*ndilure on raising funds.. Costs of raising donation5 and legacies Costs of other Charitable activities 41,840 41,840 14.139 130 315 Total expgnditurn Net lexpenditurelllncom• ond net movement In funds 46,e68 46.688 {25,4291 Reconciliation ol fund• Total funds brought forward Total funds carrled lo￿ard 19,276 19,276 44,705 The slalement of financial activities ineludes all gains and lossas recognised in the year. All income and expenditure derive from ¢ontsnuing acbvitses. Turken Foundation UK Company Limited by Guarantee Statement of Financial Position 31 July 2025 2025 2024 Fixed assets Tangible fixed assets 12 Current assets Debtors Cash at bank and in hand 13 34,870 42917 24,127 11605 77.787 35,732 Creditors: amounts falllng due withln one year Net current assets 11843 Total assets less cur￿nt liabilities Net assets Funds ofthe charity Unrestricted funds Total charity funds 15 For the year ending 31 July 2025 the charity was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, re5FX)nsibili(ies.' The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. The statement of financial position continues on the following page. The notes on pages 7 to 12 form part of these financial 8tstem8nts. Turken Foundation UK Company Limited by Guarantse statsment of Financial Position (COn￿nu•￿) 31 July 2025 These financial statements were approved by the board of Iruslees and authori5ed for issue on 23 June 2026, and are signed on behalf of the board by.. Abdullah Hazar The note8 on pageB 7 to 12 form part of these financlal statements. Turken Foundation UK Company Limited by Guarantee Notes to the Financial Statements Year ended 31 July 2025 General information The charity is a public benefit entity and a private company limited by guarantee, registered In England and Wales and a registered charity in England and Wales, The address of the registered office is Third Floor Ruskin House. 40 - 41 Museum Street, London, WC1A 1 LT, England. Statemont of compliance These financial stslemenls have been prepared In compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006 Ac¢ountlng pollclgs Ba818 of preparatlon The financi81 slalemenls have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properlie5 measured al fair value through in¢ome or expenditure. The financial statements are prepared in steding, which is thè functional currency of the ents'ty. Golng concern There are no material uncertainties about the charity's ability to continue, Fund a¢¢ountlng Unrestricted funds are available for use al the discretion of the Iruslees lo further any of the charity's purposes, Restricted funds ar8 available for the purposes for which they have been received. Turken Foundation UK Company Limitsd by Guarantee Notes to the Financial Statements (¢on*nuo<1) Year ended 31 July 2025 Accountlng pollcles (¢onllnu Incomlng resources All incoming resources are included in the ststemenl of financial activities when entitlèment has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow to the ¢harily and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grant$ is recognised when there is evidence of entitlement lo the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entillemenl is èstablished. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which ¢ase the value is derived from the cost lo the donor or the estimated resale value. Donated fa¢ilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contributs'on of general volunteers. ncome from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless th8re is a conlraclual requirement for il to be Spent on a particular purpose and returned if unspent. in which case I may be regarded as reslricled. Resourc08 oxpend•d Expenditur8 is recognised on an accruals basis as a Ilability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising aclivilies, events, non- charitable trading aclivilie5, and the sale of donated goods. expenditure on ¢harilable activities includes all costs incurred by a charity in undertaking activities that further ils charitsble aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable acb'vrties. other expenditure includes all expenditure that is neither related lo raising funds for the ¢harily nor part of ils expenditure on charf(able activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs atlribulable to a single aclNity are allocated directly to that activity. Shared costs are apportioned between the a¢livities they contribute lo on a reaSOnab￿e, jLJStifiable and consislenl basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently staled al cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated Impairment losses. Turken Foundation UK Company Limited by Guarantee Notes to the Financial Statements (continuod) Year ended 31 July 2025 Accounting pollcies (coftlinuedj Tangible assgts f¢ontlnu8d) An increase in the carrying amount of an asset as a result of a revaluation. Is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been rec￿niSed as expenditure within the statement of financial activities. A deciease in the carrying amount of an asset as a result of revaluation, is rec(￿nISed in other recognised gains and losses, except to which Il offsets any previous revaluation gain, In which case the loss is shown within other recognised gains and losses on the statement of financial activities. Dgpre¢iatlon Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Plant and machinery Fixtures and fittings Equipment 20Vo Straight line 20010 Straight line 200/0 straight line Impairment of fixed assets A Teview for indicators of impairment is carried out al each reporting dale, wrth the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date For the purposes of impairment lesling, when il is not possible to esb'mate the recoverable amount of an individual asset, an estimate is made of the recovemble amount of the cash- generating unit lo which the asset belongs. The cash-generating unil is the smallest identifiable group of assets that in¢lLJdes the asset and generates cash inflows that18rgely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated to each of the cash-generaling units that are expected lo benefit from the synergies of the combination, Ir￿SpeCtive of whether other assets or liabilities of the charity are assigned lo those units. Financial instruments A financial asset or a financial ILability is recognised only when the charity becomes a party lo the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured al the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Turken Foundation UK Company Limited by Guarantee Notes to the Financial Statemonts (¢ontlnu8d) Year ended 31 July 2025 Accountlng pollcles (¢onilnu•(lJ Finan¢lal instruments (conllnu Where investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less Impairment. Other financial instruments, including derivatives, are initially recognised at fair v81ue, unless payment lor an asset is deferred beyond normal business terms or financed al a rate of interest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted al a market rate of interest for a similar debt inslrumenl. Other financial instruments are subsequently measur8d al fair valuè, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amorb'sed cost are reviewed for objective evidence of impairment al the end of each reporting dale. If there is objective evidence of impairment, an impaimenl loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was ￿COgnised. For all equity instruments regardless of Significance. and other financial assets that are ind1v￿dua1IY significant. these are assessed individually for impaiment. Other financial assets a either assessed individually or grouped on the basis of similar credit risk chara¢lerislics. Any reversals of impairment are recognised immediatèly. to the extent that the reversal does not result in a carrying amount Df the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. DonatSon8 and lega¢le8 Unrestricted R&slri¢ted Total Funds Unrestricted Totsl Funds Funds Funds 2025 Funds 2024 Donatlon8 Donations Othertrading actIV￿leS Unrestri¢led Restri¢ted Total Fund8 un￿strICted Totsl Funds Funds Funds 2025 Funds 2024 Rent receivable 10 Turken Foundation UK Company Limited by Guarantee Notes to the Financial Statements (contlt)uedJ Year ended 31 July 2025 Costs of ralsing donations and legacies un￿strICted Restricted Total Funds Unrestricted Total Funds Funds Funds 2025 Funds 2024 Costs of raising donations and legacies Costs of other charitable activitles un￿StriCted Restricted Total Funds Unrestricted Total Funds Funds Funds 2025 Funds 2024 Costs of other charitable activities Net {expendlturellinwme Nel lexpendilurellincome is stated after Ghargingllcredilin91.' 2025 2024 Depreciation of tangible fixed assets Independent examinatlon fees 2025 2024 Fees payable to the independent examiner for. ndependenl examination of the financial statements 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wage5 and salaries The average head count of employees during the year was 312024.. 31. No employee received employee benefits of more than £60,000 during the year12024.. Nill. 11. Trustee remuneration and oxpenses no remuneration or other benefits from employment with the charity or a related enlily were received by the Iruslees., or Turken Foundation UK Company Limited by Guarantee Notes to the Financial Statements (conlynuedj Year ended 31 July 2025 12. Tangible fixed assets Plant and Fixtures and machinery Fittings Equipment Total Cost At 1 August 2024 and 31 Juty 2025 Depreciation Al 1 August 2024 Charge for the year At 31 July 2025 Carrying amount At 31 July 2025 Al 31 July 2024 1,858 2,154 3,976 7,988 13. Debto 2025 2024 Other debtors Prepayments 26,870 8000 24,127 14. Creditors.. arnounts falllng due within one year 2025 2024 Trade creditors Accrua15 and deferred income Social security and other tsxes 127 6,808 4908 127 10,528 15. Analysls of charitsble funds At 1 August 2024 At Income Expenditure 31 July 2025 Unreslrieled funds RestrKted funds At 1 August 2023 At Income Expenditure 31 July 2024 Unreslricled funds Restricted funds 12