Registration number 10261522 Registered chArity number 1171423 YUNUS EMRE ENsfJTUSU Company Ilmited by guarantee Tru$tee5' report and financial statements for the year ended 30 June 2022
YUNUS EMRE ENSTITUSU Company limited by guarantee Charity information Trustees who served during the year Professor Seref Ates ( Chairnjan ) Dr Abdullatif Aydin Mr Muttalip Unluer Chariry number 1171423 Registered office 10 Maple Sireel London United Kingdotn WIT5HA Independent Examiner Meer and Company No. I Cochrane House Admirals Way Canary Wharf London E149UD Bankers Nletro Bank
YUNUS EMRE ENSTITUSU Company limited by guarantee Contents Page Trusl¢¢s' atmual report Independent examiners, report Statement of financial activities Statement of total recognised gains and losses Balance sheet Nol¢s to the financial statements
YUNUS EMRE ENSTITUSU Company limited by guarntee Report of the TStets, for the year ended 30 June 2022 The Trustees present their atwual report and the financial statements for the year ended 30 June 2022 and confirni they comply with the Charities Act 2011. the trust deed and the Charities SORP. Structure? governaD¢e and management Governing do¢ument The organisation is a charitable company limited by guarantee. incorporated on 04th July 2016 and registered as a Charitable trust with the Charity Commission on 01 February 2017 under charity nutnbeT 1171423. The company was established under a Memorandum tsf Association which eslablished the objects and powers of the charitable company and is governed under ils Articles of Association. Organisational structure The charity trustees are responsible for the general control and management of the charity. The trUSt¢¢s give their time freely and receive no remuneration or other financial benefits. The trustees meet together as a body at let once in year and are responsible for all decisions taken in relation to running of the charity and the cotnmunity facilities and the activities provided by the charity. The day-to4ly management of the Charity and ¢ommunity facilities and projects are delegated to designated director. Recruitment and appointment of trustees The existing trustees are responsible for the recruittnent of new trustees. In selecting new trustees, we seek to identify people who have go(yJ reputation in community and are willing to volunteer to help in OUT broader community work. Poteniial trustees are invited to attend trustees. meeting as observers and are given more details of the charity's aims and activities and, if all agree, they are then proposed as new trustees at ihe subsequent truslees, meeting. This pro¢ess allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills. Induction gnd training of trustees A number of publi¢aiions, detailed guides and how to guides. from ihe Charity Commission are also provided in¢luding "What makes a charity" Charitable purposes and public benefit" and Public benefit: the rules for charities". This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Risk maDagemeDt The trustees ass5 the risks the charity faces using a risk matrix which identifies the fftajor risks by area of activity, the n2ture of those risks, the likelihood of the risks happening and the melsures taken to manage them. The truste Teview the risk at their meetings. The trustees are satisfied that systems are in place, or arrdngements ar¢ in hand. to tnanage the risks. In particular, insuran¢e cover is in place and th¢ finances of the Charity are kept under review. Objectives and activitles Our airns The objects of the charity are set out in the charitys trust deed and are summarised as follows.. (a) to advaD¢¢ education in Turkish culture, heritage, art and language, including but not liThited to through the provision of training, events and research opportunities,. and (b) lo promote Turkish culture, heritage. art and language, in particular {but not limited to) by promoting cultural relationships between the people and peoples of turkey. the United Kingdom and other ¢ountries, including (but not limited to) through the esiablishment of culturdl centres in the United Kingdom and other Our obje¢tiv¢$ Page I
YUNUS EMRE ENSTITUSU Company limited by guarantee Report of the Trustees, for the year ended 30 June 2022 continued Our objectives are set to reflect our ¢ommitment to advancemenl of education and cultural relations. Each year our trustees review our objectives and activities to ensure Ihey ¢ontinue lo reflect our aims. In carrying out this review the trustees have considered the Charity Commission's detailed guidance on public benefit requirement. Activitie5 and aehievements Hoiv our activities deliver public benefit The adequacy or appropriaieness of charity in society cannot b¢ satisfactorily assessed on the basis of singular perspectives or ¢rileria, where multiple components are taken into account, including assessment of the anlicipated and wider environmental, economic, etlTlcal, social, and cultural impacts of scientific and technological developments. The Gharity CaleS out a range of activities in pursuance of its ¢haritabl¢ aims. The trustees consider thai these activities, summarised below? provide benefit to wider public. Cultural activities Acting within all legal requirements and intent on ensuring the safety of our guests and staff metnbers, Yunus Emr¢ Institute London divided all ils a¢tivities between virnjal and physical spa¢¢. Courses, talks, and exhibitions. such as the Fourth Turkish Community Art Exhibition, were organised online. Events such as Ottoman Hajj Route Archeological Findings and London Craft W¢¢ks took place in our Fitzrovia Centre. With more community engagemen( the Insritute has organised joint activities with community groups and museuTns and provid¢d space for Community activities and celebrations. Prominent among the activities undertaken were- Art and Culiure Lecture Series- inviting several interesting figures across various disciplines. Young Scholars Seminar Series- which plarformed emerging academics. 4th Turkish Community Art Exhibition- which attracted artists ever. Traditional art and ¢uisine events during the London Craft Weeks. Aeademic activitles Our OTganisation serves as a centre for the academic activilies through our association with young and established academics in varying topics dealing with issues from sustainable developTnenlS to issues affecting the humanity as well as topics covering Turkey and its surroundings. Conferences and tralnings Our Centre is available for use by British public in London. The facilities have also benefited students, visiting artists and s¢holars from around the world. Financial review Reserve5 policy The trustees have reviewed the reserves of the chartty. Their policy is to hold enough funds to meet four months, operating cosis of the prernises. The free reserves as at 30 June 2022 were £57,628 (30 June 2021 = £41,564). Principal funding sources The charity's main source of in¢ome 15 grants received from our sole member. Investment poli¢y and objectives The charity has no lon8-term investments. Our cash reserves are held in bank accounts. Page 2
YUNUS EMRE EP4STITUSU Company limited by guarantee Report of the Trustees, for the year ended 30 June 2022 . continued Statement of Trustees, responsibilities The charity trustees are responsible for preparing an atmual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genernlly Accepted Accounting Practiee). The law appli¢able to charities in England and Wales requires the charity trustees to prepare financial ststements for ea¢h year which give a true and fair view of the stste of affairs of the charity and of the incoming resourees and application of resourc of the charity for that peri(xl. In preparing the finan¢ial statements, the trustees are required to.. select suitsble accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estitnates that are reasonable and prudent. state whether applicable ac¢ounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it Is inappropriate to presum¢ that the charity will continue in business. The trustees are responsible for keeping proper accounting re¢ords that disclose with reasonable a¢curacy at any time th¢ financial position of the chariiy and to enable them to ensure that th¢ financial statements comply with the Charitie5 Aet 201 I, Companies Act 2006 the provisions of the trust deed. They are also responsible for safeguarding the assets of the eharity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees for the purposes of charity law who served during the year and up to the date of this report are s out on charity infonnation page. Approved by the Truslees and signed on its behalf by.. Acting Chair Prof Dr Seref Ate4 Date . 28 April 2023 Page 3
YUNUS EMRE ENSTITUSU Company limited by guarantee Independent examiners. report to the trnstses of YUNUS EMRE ENSTITUSU I report to the trustees {who are also Directors for the purpose of company law) on my examination of the financial statements of YUNUS EMRE ENSTITUSU for the year ended 30 June 2022. This r¢port is made solely to the chariws trustees, &8 a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to stste to ihem in this report and for no other purpose. To the fullest extent perniitted by law, I do not accept or assume responsibility to anyone other than th¢ charity and the charity's trustees as a body. for my work, for this report, or for the opinions I have formed. Responslbilities and basis of report As the trustees of charitable company you are responsible for the preparation of the finan¢ial staiemenls in accordanee with the requirements of Ihe Companies Act 2006 {'the 2006 A¢V). Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independeni examination, I report in respect of my examination of the charitsble company's financial statements carried out under se¢lion 145 of the Charities Act 2011 ('the 2011 Act'} and in catTying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b} of the 201 l Act. Independent examiner's statement Since the charitable company's gr05S iy)come exceeded £250,000, your examiner MU be a member of a body lisied in section 145 of ihe 201 l Act. I confirm that l am qualified io undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have corne to my attention in connection with ihe examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charitable ¢ompany as required by tIOn 386 of the 2006 Act: OT the financial statements do not accord with those records,. OT the finan¢iil statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'tnJe and fair view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Ststement of Recommended Practice for accounting and retx)rting by Charities applicable to charities preparing their aceounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no conc¢ms and have Come across no other tnatters in cotujection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Harooll Rafique- Chartered Accountant For and on bebalf of Meer #nd Company I Cochrnne House Admirals Way Canary Wharr London, E14 9UD Date - 2810412023 P*ge 4
YUNUS EMRE EP4STITUSU Company limited by guarantee Stitement of finJn¢i&l a¢tivities for the year ended 30 June 2022 UnrestrScted funds Restrlcted fllnds Total Funds 2022 Total Funds 2021 IDcomiDg resources Grants 253,(100 253,000 149,000 Incoming resources from charitable activities.. Operation of educational and arts centTe 71,065 71,065 61,868 Income from other trading activities.. Other income 31,396 31,396 68,674 Total incoming resources Resollrees expended Cost of generating funds= Operalion of educational and arts ¢¢ntre Administrative costs 355,461 355.461 279,542 {84,428) (257,408) (84,428) (48,531) {257,408) (225,697) Total resources expended (341,836) {341,836) (274,228) Net incoming resources before other reeognised gainsl losses 13,62S 13,625 5,314 Retained funds brought fornard 40,609 40.609 35,295 RetaiDed funds carried forward 54,234 54,234 40,609 Year ended 2022 Year ended 2021 Stslement of totsl recognised gaiDS and 1055e5 Net incoming resources before other reeognized gainsllosses 13,62S 13,625 5,314 Total recognised gains since last annual report 13,625 13,625 5,314 The notes on pages 7 to 8 form aD integral part of these fInancial st4tement& Page 5
YUNUS EMRE ENSTITUSU Company limited by guarantee Balgo¢e sheet s at 30 June 2022 2022 2021 Notes Current assets Cash ai bank and in hand 57,629 41,564 57.629 41,564 Creditors: *mounts falling due withln one year (3.395) (955) Net eurreDt assets 54,234 40,609 Total assets less current liabilities 54.234 40,609 Net assets 54,234 40,609 Funds Unresiricted income funds 54,234 40,609 Total funds 54,234 40.609 The company is exetnpt from the requirements relating to preparing audited accounts in accordance with section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of the accounts for the year in question in accordance with section 476 of the Companies Act 2006. The director5 acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable lo companies subject lo the small ¢ompanies' regime. The financial statements were approved by the Board on signed on its behalf by Trllstee Registration number 10261522 The notes on pages 7 to 8 form an Integral part of these financial statements. Page 6
YUNUS EMRE ENSTITUSU Company limited by guarantee Notes to tbe financial statements for the year ended 30 June 2022 . Continued Accounting policies Accounting convention The financial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing theiraccounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 1.2. Incoming resources All incoming resources are recognised once the charity has entitlement to the resourc, it Is certain that the resources will be received and the monetary value of incoming resources Can be M¢ured with sufficient reliability- Income The total in¢ome of the charity for the year ha5 been derived froln grants from Turkish charities and operdtion of theatre and arts centre which were wholly undertaken in the UK.ertaken in the UK. Unrestricted Funds Year ended 30106n2 Year ended 30106121 Grants Course fee Other income 253,000 71,065 31.396 149,000 61,868 68,674 355,461 279.542 Page 7
YUNUS EMRE ENSTITUSU Company limited by guaraDtee Notes to the financial statements for the year ended 30 June 2022 Unrestrieted Funds Year ended 2022 Year ended 2021 Administration Expenses Salaries and wages Employers Nl contributions Management expenses Lighi and heat Rates Repairs and maintenance Printing? Postage and stationery Telephon¢ and fax Legal and professional fees Advertising Travelling and subsistence Insurance 174.395 10,533 6,628 5,607 28,174 2,077 9,829 4,547 3,193 5,319 3,524 3,583 148.410 11,740 1,287 3,797 34,150 33 2,606 4,824 6,426 8,298 847 3.277 257,408 225.695 Creditors: amounts falling due within one year 2022 2021 Other taxes and social security costs Accruals and deferred income 2,440 955 955 3,395 955 Funds Unrestricted Funds Total At l July 2021 Net income for the year 40,609 13,625 40.609 13,625 At 30 June 2022 54,234 54.234 Page 8
YUNUS EMRE ENSTITUSU Company limited by gu#rnntee Notes to the financial statements for the year ended 30 June 2022 continued Reconeillatlon of movements in total trust funds 2022 2021 Incoming resources for the year 13,625 5,314 Net addition to funds Opening trust funds 13.625 40.609 5,314 35,295 Closing trust funds 54,234 40.609 Page 9