REGTSTERED COMPANY NUMBER: CEO 11473 (England and Wales)
REGISTERED CHARITY NUMBER; 1174968
Report of tlie Trustees and
Ullaudited fiillancial S'tatemenl5
tor the Year Ended 31 Januaiy 2025
for
TurkLy MoL4lk Foundation
(A Coihpany Linifted by Guai'antee)
Alton & Co
ch￿'tCrca ALlA)UnL￿tS
239-241 Ke]ll]i1￿011 LAiie
London
SEII .SQU

Turkey Mfjzalk FTriindation
Conteiits ol, the Financial Skntemeiils
foi. tbe >ear ended 31 JAnuAry 202$
Page
Reference and AdrnillistrAtive Details
Repoi't of tlle Trustees
Independent E.¥aminer's Repoi't
Statement of Financial Actlvllles
BalanLe Slieet
Nfites to the Financfial Statements
10 10 1.5
DetAlled Statement of FlnuMclRI Activltles
16

Turkey M￿Z￿lk Foundation
Reference Admlnlstrative Details
for the yeAr ended 31 January 2025
TRUSTEES
MTS N Atalay Trustcc
MTS E S Tohuincii Tiustee
Ms I G Urganci Trustee
Mr Y T Kiirtar8n Tnistee - Cliaiim)an
M8 O Tabag TrI￿tee
REGTSTLRED OFFICE
239-241 Kenningion Lane
London
SEI15QU
REGISTERED COMPANY
NUMBER
CBn 11473 (England and Wales)
REICISTCRED CHARITY
NUT*lBER
11749C)
INDEPENDII NT EXAMINER Alton & Co
Chartered Accuullldnts"
239-241 Kttillillllrtoll Lalle
London
SEI15QU
BANKER
NatW¢&t Bank
Page I

Turkey Mozaik Foundatiun
Repoi't of the Triistees
foi. the yeai. ended 31 January 202£
The tru.%tees who are also director.8 of the charity for the piityoses of tlie Coi7)panies Act 2006. pre.%ent their
rq)ort ivith tli¢ financial stat¢m¢nts of tlie chai'ity for th¢ y¢ar ended 31 January 2025. '1'he trustees have
adoptcd thc piDvision8 of Accoulllit]g and Rcporfing by Chaiitic8'. StatctnL'lll of RccollllncndLd Practicc
applicable lo charities prepaiillg their accounts in accoidance with tlie finaiicial Repoitillg Standaid
dpplicabEe ill ihe IJK Lind Republic of Ir¢l¢ind (FRS 102) (¢ff¢ctive l Jaiiiiilry 2019).
OBJECTIVFS AND ACTIN'ITllI S
ObjeeÉiTros and aiins
To I'elieike tlie chai'itable needs of disadvantageous groups in Turkey by pmviding funds and grants to local
charities and otlier organisation8 who iEIA¢f such needs.
si￿1]rIcant activities
In 2023, tlic previous accounting yeai., &ll of Turl<ey Moznik Foundation's actiiiities and grants Iiad focussed
on supporting relief effoi'ts and aidirtg survivors tolloviing tlie devastating earthquakes of February 6., 2023,
Ivhicli impacted oilcr I I provillccs in Tui'lciyc. W¥ had i'aiscd ovci 4 illillioll GBP and cau'jcd ova. pait of thL
fi￿d5 to 2024 to addrcb-s Eollgeikntern] needs.
IM 2024, we provided this additional support and grants to charities working specifically on region<il re¢oiie
¢tfoit4 on Tssues relilted to gender equality, cliildren's rights, youlli inclusion, thrts and culture. Tlies¢ grants
Aui)ported a wide rallge of illitiatives, inLluding
o PsychosoLial and mental hultb sllppoi't t"oi' cliildren, youth an(I t"amilies
o ReL)uildingF livelihoodb" in affected Loilununiiie
o Creating safe spaccs for women and childien and prevenling g¢nder-based wolencc.
o Supporting art and culture activities ÉOT comniunity resilience
o Capucity-building for local cliarities to enliance th¢ir impact.
1 2024, w¢ Teillstated ovi. progratmnatic grdJ]t makiiig beyoiid ¢niei¥eiicy i'eli¢f support, includink: for
hildr¢n'b rI￿t￿, gend¢r ¢qil4ility, culture and <lrts, in5titution¢il siippuit. Two fiiitb¢r Icey ￿'e¢l& of llt)te
are ¢nviroiim¢ntal conservation in cooperation Ivith Conservation Collertive's. Tiiiqiioise Coast Environinent
Fuiid And 8 new, Animal Rights flind to additss aniin&l welfare ¢hall¢nges in Tiirkiye.
Ill 2024, Ive also laimched a llew video sei'ies capuiriiig the liansformative efforts ot our ￿'allteeS, bringing
their llnpactfiiL woik io life. Our social media coiitellt reached ov¢i' 400K people acius& various platforms,
s.1￿}1r[CAntIY bioadelling oiir audience while highlighting the powerful coiitributioÈis of oill donoi's and the
impactfiil work of our grantee partners.
Public benefit
sctting oiit the obj¢ctives and planning the actiArities, the Tnistees have given carefiil considerdtion, to
compl)iing with the duty iii Sectioii 17 of tlie Chai'itics Act 2011. Tliis report outlines how our achievemenls
during tl)e }year Iiave benefiied tlie publiv, ¢itliei- dii'ectly oi. indirectly.
Puge 2

Turkey Mozaik Foundatio
Repoi't of the Tr115tees
foi. the yeai. ended.31 Januai'y 202$
ACHtEVElVtENTS AND PERFORMANCE
Choritablo activities
Sin¢¢ its iDceptioii, Tui'key MuLiilc FoutLd¢LtIOll'S bfiJlegy h¥lS been to OJL)w the dvnor b¢ise {￿d to fund more
proj¢cts that support the disadvantaged groiips in Tiirkiye. Th¢ activities and the related ttporting in the first
fjve years h￿1 already biiilt a sti'ong i'eputation in the coinmunity as a reliable and trdnspaient plarfonn,
Ivhich giEW 8ignifictsntly following Turlcey Iwozaik Foundation's timely aiid efficient IE.8poll.se to tlie
Kalll'ainanDiaras Earthquak¢ in 2023.
Tn 2024. Turkey M07aik Foundation distt'ibute.d GBP 1,26.1.720 10 ILS grant piDgramm¢s, of iyhich GBP 899.
950 were gr<lnts for 31 neNv pi-ojects and 5 iiew core 8UPPOIt activities. and the ￿nIaining were for pi'ojects
that weir ¢omniitt¢d in the pr¢vious accounting yeai., Most of tlies¢ grants ivere distt'ibut¢d via a sei'ies of
OPL'n calls tOT proposals lkn'ough a loJiTr t￿.1￿ p￿inc1shlp ivith oiu. local illtcrmcdLc1ry par￿cl. Sivil Toplutn
icin Dcstek Vakfi (Support Foundatioii for Liiryl Society).
Main charitable activities inbluded:
Witliin Kaliraihanmard,. Eaitliquak¢ Emergency Relietr Flind (Regional Recow¢ry Support Pi'ogi'ani Tt). Ive
eiraluiqted 105 appliLatiot18 and proi7ided ovei. GBP 500,000 iii gi'anLq to I I cliaritie8
lithin Institutional Fund in partne￿hIp wilh Dalyan Stiftuiig froin SiTriizerlalld, Ive evaluated 163
applicatioiis alld provided ovei. GBP 45,000 iii gi.￿￿ts to 4 clwities. These charÉties wfflr suppth'ted witb core
tiinds as ivell as nientOTsbip.
-Witliin C'iilture & Arts FunLt we evaluated 155 applications and provided over GBP 45,000 in grunts to 3
cl)ariti¢s.
- Within our ChildrL'n'% Fund and thu nciv Aninial Rights Fimd, IVL proiiAdLd ovcr LrBP 30,000 clleh iii ￿n￿LS.
Turkvy Mozaik Foiilld(itIOll teanL lll Pdl'tllVAship ivith oiir Iociil p￿'t￿er, worked h<lld to providc ¥L"ant% in ali
efficient manner. The team deinon8trated how they diiect¢d the fiinds ajid regularly reported back lo the
donor base on the projects and the organisatioiis supported. Tlie %o¢ial rnedia chRnn¢ls and neivslett¢TS
upd&ted folloiv&3 fiequently MFith inforniatioii froin parlner8.

Tuvkey Mdblalk F4>undation
Repoi't of the Triistees
foi. the yeai. ended 31 Janiiary 2025
ACHICI VEMEI NTS AND PCRFORM.INCE
Fiindrjising. awai'elless rising #lld communily building aetivities
Tiirk¢y Mozaik Foundation eveiits highlights include:
Febivary 2024.- Turkey Mozaik Fouiidatioli lio.%ied an onlii)e di8CU.S.%iOII c2bout the cui'i-eiit situaiioii aftei. (Q
year in the eaithqLiake regioll with spealceis Gul E4rdost (Woinen's C.o&litioii), Ula? Bayraktar (KidtULh&llc),
alld Dr .llan .. ZGI (kn'giiideii G0V￿￿￿1Ce Acadeiny).
March 9024: Turk¢y Mozailc Foundation hosted Ihe play "Sevgili ATS?z Olum - Dirmit" {Deai' Sham¢less
Deatli), adapted and performed by Nczal<et Erden. based on LAtife Tekin's monumental iiovel, with
following pan¢] discussion with Nezalcct Ei'deii, Senioi- (i¢ndor Consultant Sinem Hun eyplotring geiidei.
cquality tbLnics.
Jilly 2024: The sixth Study Tiip was held iii I￿t￿lbUl, biingiing togrtlicr ￿tee p￿ts1¢rS alld civil society
experts. fosterillg dyIiamic dibCUtsSiOllS ￿[d collaboi~dtiire ledniiiig.
Septeinber 2024: Turk¢y Mozaik Foundation Anniial Dinner at Battersea Arts Centt'e, teaturing
pertoi￿1anceS by Ece Da'.'Istan, Jamal Aliyev, and Can Ai-: soy, ¢¢lebrating the collectiv¢ iinpact of our
etyoi'ts.
We also participated ill various evaits" oi'Lv8llised by partners. For exa]Dple, ill M￿th 2024 we participated ill
a s¢ai'ch conference iti Istanbul, organised by local pa￿er Support Foundation for Civil Socivty,
bringing togetlier expci1s. civil society actors, and st¢ikeholdei8 to cxplore strategies for increasin¥ Lollvctive
ii)Ipact ajid strengthening grassi'oots 01-tsanisations. In May 2024 ive I'epresented WOW Istanbul at the
Wolncii of tliL ¥ITorld WOW Alanchc.%tL'i' Fc%tii'al, 8bai.ing a bootli wAtli joutnaLigt Duygu Dcmii'da,, who%
doL.umcntrary highlightcd thr i'¢silienLe of ivonicn Ill Hdtay dftci. thc c￿11]9￿akeS.
Tiirk¢y Mozaik Foijndation's siipi)oiter.s also orgaiiised other fiindraiqing and comm(Inity bLiilding events.
Some highlights include an auction to siipport oui work, a music festival as a creative tneans for coniinunity
building, nnd team p￿ticipation alld fundraising iii spoits event8.
Thallks to ouy wJJmunity aiid ll]aiiy ¢veiits that were OiLyaiused to support our ivorL lire raised GBP 328,476
in 2024.
FUTURE PLANS
Turkey Mozaik Foulldatioll will colltiiiue to I￿01V the donor base alld tswpport moir LTh]t¢es that work to
help disadNii2ntaged ￿￿Up$ ill Turl(iye. We Ivill ailn to engage more ivith corporatioiis and othei grant giving
charities lo leverage inore on tlie pliilanthi-opic iiifrasts'ucttire of both UK and inteniatioiial oi'ganisatioiis. and
to invest in and div¢rsify oui. prograinine dev¢lopnierJt by pooling oiii. IEsources with various illdividu&ls,
institutions and local parlllcrs.
MAJOR CHANCCI S
Their are no major cbaiiges iii the op¢ratiOll aiid objectiies of the chaiity.
STRUCI'URE, COVERNANCE AND MAN.4CEMENT
A neiv lvorlung name
Tn 2074, 'furkey Mozaik Foundatiot) added a "worlcing name": Tiirkiye Mozaik Foundation" The otyicial
num¢ of ih¢ cl)aritJ' rcinains us Turkey Mozaik f4oundation, witli tlie woi'kiiig iianie "Turkiy¢ Mozaik
Foundation" to be used iii oui. L'ommunitiations dlle to an offiLial naiiie cliange ot"Turkey Lo Tiii'kiye.
Page 4

Turkey Muzaik Foundation
Repoi't of the Triistees
foi the yeai" ellded.31 Jgniiaiy 202$
S'TRUCfURE,COVERNANCE AND IIIAN.4CEMEINT
Re¢ruitment and appointn]eiit of truslees
As set in the Articles of Association the ITUSteeq are appointed for a temi of tivo )iears by a resoliition passed
at a propei'ly convened meetiiig of tlie cliai'ity's kn'ustees. TJ'ust¢cs ¢Nn be i'e-elccted after tlieir tcrni ciids.
Jn selecting individiuds for appoiiitsiieiit as the cli￿7ty'S knistee, the charitys ttustees niust have reg￿￿ to the
ski115, knowledLwc ¢iiid experieiice llLcdcd foi. the effectivc admiiiists?tioii of th¢ Chority. Thc inLJ]IbeL%' of the
charity shall be itb Ii'u%te¢s for the time b¢ing. The oiily peiBons ¢ligible lo bc metnbeiE of the charity. aye its
charity's truslees, Meinbership of tlie ehat'ity cannot be tranqferred to anyone e18e. An), member and cl)ai'ity
trnstce who ceases to be a oliarity trustee automatically L¢ases to be a member of tlie cliai-ity.
Based on and lli accordaiice with the Guidance on "PayiThg a trLiStee oi a collnected PaEon for pi'oviding
goods oi seivices to the Gh(llity" of the Ch￿￿tY Coinmission t'or Elig1￿￿ (uid W¢il¢s, the Boaid of Tiiistee5
decided to coinpensate tl)e financial loss ot. one of the TYugte¢s, due to the additional services and working
liours tlie Tiiistee allocated to thc Foundation. Tlle Tnjstee has developed and is ftow leading tl)e
implenienlation of the Foundation's nei47 divei'tr*itluation .2nd relatioiiql)ip niaiiagenient strategy widi cui-l'ent
and new illstittitioiial and iudividual doiioi's alld all stakeholders also includinTr grantees alld parthers. In
2024, the Ti￿stee ivas coinpeilbated undu. a coiisultancy agreemeiit.
OrgnDi5alional structui'e
The ￿02rd ot t￿￿'re¢s, agrees on oileiall sts'aL¢gy, policies, t-￿AnCial conduct, and slatim¥y ieqiiircments toi.
th¢ Ch￿'ity. The ttustees are rcSpO￿ib1e for cnsuriiig the impleinentatio]i of their deLibiOllb and overall
policies.
T￿￿t¢¢S of the charity rnay also take p￿t in sliapiiig ony policsF.making activity by passing iesolutions at the
AnniTrl G¢n¢ral Mccting. Rcsponsibility foi" opcrations, paymcnts and mallagcmcnt mattcLS h&vc bcc
delegat¢d to tlic two ttiislccs. This is malla￿¢d wifhin a clcai'ly iijideistood framework of stt'at¢gi¢ coll1L￿1.
Th¢ Bv<ird of TiLEbtees ib invulved in deteiiniiiing curporute slrdtegy, incliidiu¥ ¥etting Ic¢y strat6¥i¢
objectives and targets, and making major decisions ii)volving th¢ iise of financial and other re8oiir¢es.
The trnstees can delegate re,%poI￿lbLlity toi. .specified Jnatters to indiiiidual tilL8tee$ oi" conitnittees of the
board. A]l actions are discussed and recoided iij written n]iniit¢S that al'e shared ivith thc tull board of
lluste6S.
Trust¢¢s hold regiilar me¢tin8s once a montli and extra Ineetings are li¢ld in between ii,lien necessary to
Itvicw stiategy, policy, and perfonT)&nce, to set the rnanagement plans. Addirional sub-Lotnmittees are
foTmcd tor cach projcct lo supcrvisc and piovidc guidajicc toi tiuthci dL"vclopmcnt.
This i'epDrt I￿5. been piep¢wed ill dccorddnce with the special provisioib of PJrt 15 of the Comp￿￿1]85 Act
2006 relating to small coinpanies.
Tlii% i'eport Ilas been prepared in 8LL'ordance witli the Special proiriqioiix of Part 15 of the Coiiipanie8 Act
2006 itlalii)g to sinall companies.
Approved by order of the board of ts'uslees ott...
. and gigned on its behaEt by:
N Atalay- Tr￿Stee
Pu¥e 5

IMdep¥ndent Eiaininer's Repoi't to the Trustees of
Tui'lie.y Mozaik FDiiiidatlDn
llldependent examiner's iepoit to the. tr115tees of Tllrkev Mozaik Foiindation (tthe Company,)
I r¢poit to th¢ charity trust¢¢s oll iny exaniinatioii of the accoiiiits of tb¢ Conipany for tbe yeai end¢d
31 Janiiary 2025.
Responsibilitie5 and b*lSiS of report
As the ch￿Ity'S trustees of th¢ Compally (aiid also its dkiectors for th¢ piwposcs of cffliipwiy laiy) yoii
responsible for the prepai'ation of the accouiits iii ￿cOrdanCe with the K¢qiiii'emellts of the Conipanies Aot
2006 Ctl)e 2006 Act,).
Having 8Liti8ficd my.sclf tII2L t tlic accounl8 of Ilic c.ompany arc iiot rcquircd to bc auditcd undcr Part 16 of thc
2006 .4Gt and ￿'C cliLrible for llidcpclldeni eX￿1]inatIO1], I repoit in i'espcct of my exainination of yow"
Ghaiitys i￿c￿lInts <lS Cli￿led oiit undei. Sectioii 145 of the C'haritic.% Act 2011 Cthe 2011 Act,). In ¢(￿y1]¥ Out
y cxainination T hq4 ve folloived tlie DilECtions given by Ihe C'harity Cominission undei. Section 145(5) (b) ot
thc 2011 Act,
Illdependent examiner's statement
Since your charity's gross income exceeded £250,OOD yovr exaininer must be a member of a listed body. T
Clin confiirn that l am qualified to undertlc Ice tlie exiiniini?tion becL2use l <im a membei- ot tlie Institute of
CliarteiEd AccouiitanL8 in Entrland and Wale8, wIIiLli 1% one of ￿7# ligted bodie%.
I have completed iny eX￿ni￿atiO1l. I co1￿1￿7 that llo I]￿tterS have come to my attfflitioll ill coillieotioii with
the examination giving me cause to believe:
accounting rccords ivere not k¢pt in I'espect of the Company as requfrrcd by Section 386 ot. tlie 2006
the ￿cOl￿t5 do not aLLoid willi i'ecoidb". Dr
th¢ aCLounts do not Lorni)ly iiryth th¢ <iLLountingr irquitemeiitb of Srctioii .396 of thr 200() ALt othcr
than any requireinent that the accoiints give a triie and fair view ivhich 1% not a mattei. considered as
part of an independent exainination; or
the accounts have not been prepared iii accordance ii'ith the niethods ￿]d Prillciples of tlie Statement
of RccoJ]micndcd Prarticc tor accoullting aiid rcporting by oharitics (applicablc to c]MitlCS PLrparing
tkn¢ir accfflints ill arcordance witkL th¢ Fil￿ncIal Rcportiiig Standard applicable in the UK aiid
R¢piibli¢ of Ii'eland (FRS 102)).
I liavo no concaTJs and hav¢ conie across iio odier mtjtters in connection with tli¢ examination to ivhich
atlc'nlion should bc drawn in thi4 icpoil ill OA'dcr to cnablc a piN)pcr undCT.Sl￿d1llg ot thc acLC)UlltS to bc
reached.
Mi. A Kemal FCA FCCA
'rhL hL8Litutc of ChartcrLd AccountanL8 in Eng1s￿d and WalLq
Altoii & Co
Chartered Accoui)tants'
239-241 Kennington Lan¢
LL)ndon
SEII SQU
Date..
Pu¥e 6

Turkey MozAik Foiindation
stmteiiiellt of Financlftl Actlvlties
foi. the yeftl" ended 31 Janiiary 202
2025
Total
funds
2024
Total
Unrestricted
funds
Restricted
funds
Notcs
INCOIVIE AND ENDOIITrIENfs FRO￿
Donations and legacies
109,975
140,603
250,578
4,181,379
OthLr trnding aLtivi11&8
Jniiestnient income
49,398
11,322
17.178
48,012
I I,322
Total
170,695
157,781
32%,47C
4,242,709
EXPENDrruRE ON
Rai8ing tunds
110,643
110,643
59,174
Chai'ltthble activities
C;l)uritAble activities
178,051
1,085,669
1,263,720
2,861,100
Other
500
500
4,309
Total
289,194
1,085,669
1,374,86J
2,924,583
NET INCOIVtEI(EXPEND￿uRE)
Transfers between funds
(118,499)
(766,181)
(927,888) (1,046,387)
766.181
1,318,126
Net movement In ft'iinds
(Ill14,6110)
(161,707) (1,046,387)
1.3111,126
RECONCILIATION OF FUF4DS
Total fiinds broiight forward
1,209,009
161,707
,370.716
52,590
TOTAL FUNDS CARRIED EORWARD
324.-129
-124,329
1,370,716
Th¢ llotes foiin pait of Ihc8o flliaiicial stat¢Jnonls
Pnge 7

Turkey Mnzaik Foiindation
Bg18nce Sheet
31 JAnuary 2024
2025
Total
funds
2024
Total
fun(L8
Unrestricted Restricted
funds
fuiids
NutL'.S
CURRE,NT ASSEIS
Cash at bank.
324,829
324,829
1,37.S,025
CREDrroRS
Ainounts falling di1¢ within one y¢ai-
(500)
(500)
(4,309)
LNET CURRENT ASSETS
324,329
324,329
1,370,716
TOTAL ASSETS LESS CURRENT
LIABILITtES
324,329
324,329
1,370,716
NEIT ASSEI TS
324,329
324,329
1,370,716
FUNDS
Unrebtr£Ltea fLllids'
Rcstric.ted fui)ds
124,329
1,209,009
161,707
TOTAL FUTr4J)S
324,329
I,q70,716
The charitsble coinpany is entitled to exeinptioii from audit und¢r Section 477 of the Companics Act 2006
t'or ihe year ended 31 January 2025.
The In￿nbeL5 I￿[¢ not required the Com[1￿]Y to obtaill au audit of its fiiiaucial stat¢meiits foi. the year ¢llded
31 JaniTary 2025 in accoixlance with Sectloll 476 of the Cornpanies Act 2006..
The tnJ8tees acknowledge tlieir I'esponsibilities for
(a)
C￿Su11￿s that thc chai'itablc Lonipaoy IcLCP.s accounting rccor(L$ that con]ply ivith Section.$ 386 cind 387
of the Companics Act 2006 and
(b) pirpaiw]g fftiaiicidl èytrdtcmcllts which give {￿d fair view of the sthte of aff'dirb of the ch(IITt<ibl6
coinpany as at the end of each financial year and ol" its sU￿]uS or delicit foi. each linartcial year in
accordance ivith the i'equirements of Sections 394 and 395 and ivliicli otlienvise Loniply iyitli Ui
requiiLnieiits of the Companies ALt 2006 relating to financial statemeiits, 80 fai- as applicable to tlie
charitublL conipany.
Thc notes form part of these financial statements
Page 8
continiied.,.

Turkey M(Trzaik Foiindation
Balftllce Sheet- contlnued
11 Januairy 2025
Thes¢ financial statements have beeAi pr4}￿'¢d in accoLdance with the pi'ovisions applieable to ch￿'itable
¢oniiianies siibject Éo the small comk)anies regiine.
Thc finan
ial sliitcfflcnLs WCIL llppruilcd by thc BLldrd of Trn8lLL'8 Iciid authoii%Ld for issuc on
2.751.i.ILfj
. aiid wei-e signed on its behalf by:
. Y l L(Eiiknaii- TnJst¢e
Mrs N Atalay- Trustee
The not¢s foiTll pait of thes¢ financial stat¢maits
Page 9

Turkey Muzaik Foundation
Note,5 to tlle Flnanclal Statements
foi" the yeai. ellded 31 January 2025
ACCOUNTtNG POLICTES
Basis fjfpreparillg tli¢ fthancial statements
The financial statements of the cliai'ilable company, Ivhich is a piiblic benefit entity Linder FRS 102.
hav¢ beeii prepared in accoi"dance with the C.haritics SORP (FRS 102) 'Accounting and Reporting by
CliaTitie%.' St(itement of Ilecon]nieiided Practice applicable to cliarities preparing tlieir account8 in
accorilance with the Fiiiancial Reporting Staiidard applicable in the UK aiid R¢piiblic of Iieland (FRS
102} (¢ffective I Saiiiiaiy 2019),, Fillaiic.ial RcportiiiLY St￿]dard 102 'The Fin￿1ClaI R¢poiliiiL, StaiidaTd
applicabl¢ in the UK and Republic of Tt-cland, and the Companies Act 2006. The financial statemenls
have been pi'epared ui)dei' the historical cost convention.
Jn¢(bme
All income is rccognised in the Statement of Financial Activities once the charity has entitlement to
the funds, It is probable tl)at the inconie ivill be receivcd and the Rmount can be measured I'e.liably.
Expendilllre
Liabilities are reLognised as expenditure as soon ag tliere is a legal or Lonstructive obligatTOII
coini)iitting the cliarity to that expeiiditui'e, it is pi'obablc that & transfer of economic benefits ivijll be
reqiiired in settlenient and tlie amount of Il)e obligation Udn be meL2SUI'ed iEliably. ExpendifLife 18
aLLountLd for on ati aLL￿￿LS basis and has bLLll classifiLd Ulldcr hcaditLgs that aggLcgatL all Lost
Irlated to the category. Wliere costs Co￿10t be dll'ectly attributed to p￿tiCUla1 lieadillgs they have
been allocated to activities on a basis consistent with the use of irsoufces.
Grants olietEd gubje¢t to conditions wliicl) Iiave not becii met at tlie y￿r end dats are noted as a
conllnttsnLnt but not ucLrllcd LxpcndiftuL'.
Tfixation
The charity is exernpt frorn corporation tax oil its charitable activities.
Fiind ftccoiinting
Unrestrictcd funds can be Lised in accordance ivith th¢ Charitable obje¢tive8 at the discretion of the
stees.
Rcstticted fiwds can oiily be used for partia)lor restiicted piiiposes Th1th1￿ thc objects of the charlty,
RestsiGti011S ¢WiS¢ ivhcn spccificd by the. doiioi ur when fiinds ¢lT¢ fdiscd fur P<lrticul¢ll re&tricted
pU￿oses.
Further explanation of the tiatui'e <2nd pui-po.8e of eaLh ￿nd is incLuded in the note8 to che finq?ncial
slatements.
Pd¥e 10
cuntllliied..

Turkey mo2￿1k Fuundation
Notes to the Fillajicial St9teJnents- cojitiniied
fol. the yeai. ended 31 J8nuary 2025
OTHER TRADING ACTI￿TtEs
2025
2024
Other tradinL* aclivitics
48,012
INVESTME( NT ITrICOM
2025
2024
Dbposit account interest
,322
13,318
NEI T TNCOlVtE/IEXPENDITURE)
Nel income/(expenditui'e) is stated after Lliarging/(¢rediting):
2025
2024
AuditOlE' reimiiner(ItTon
Auditors, remuneration foi. non audit work
3,709
600
500
TRUSTCI [1 Sl REMUNERATION AND BENEI Frrs
Mr Yon]k Kw'Lir¢]n Iw4 bLL'lI I'L'munLL"afcd [£20,000] ll[￿¢r a cunsultancy ugr¢rmL'nt, tOL' rbL additi()￿1
eiiqces and tini¢ allocated to the Foundation as described in Trust¢e'S Teport, foi" th¢ year ended 31
Janu<lly 2025.
There were no trustees, reinuneration or otlier ben¢fits for the y¢ur ended 31 January ?024.
Triistees, expenses
Ther¢ were no ti'l￿tees, expenses paid for the year endd 31 Janiiary 2025 nor for the year ended
31 Januaiy 2024.
STAFF COSTS
The avei?ge monthly numbei. of eniploye&s dui.ing the yecir ￿,$ follows:
202.5
2024
No employees iEceiiFed emoluinents in excess of £60,000.
Pcige I I
cimtilliied...

Turkey m￿za]￿ Foundation
Notes to the Finaii¢lal State]nents- contlniied
foi. the yeai. ended .11 JaThuary 202$
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITILS
Unre8tricted
Restiieted
ftllids
funds
Total
hiiids
INCOME AND ENDOWMEIYTS FROM
Donation% aiid legacies
369.719
3,811,660
4,181,379
OthpA tt'adiiiLF actllritics
Investment income
7,153
1.3,318
40,859
48,012
13,318
Total
390,190
1,8.52,519
4,242,709
XPEN])ITURE ON
Raising funds
15,7.54
43,420
59,174
CharitAble activities
CharitablL activitLLS
21,500
2,839,600
2,861,100
Oth
4,309
Total
41,563
2,883,020
2,924,583
NET INCOME
Transfers behveen funds
-348,627
1107,792
969,499
(807,792)
.318,126
Net movement in funds
1,156,419
161,707
1,-318,126
RECONCILIATION OF FUNDS
Total funds bi"ought fonvard
52,590
52,590
TOTAL FUNDS CARRIED
FORWARD
1,209,009
161,707
1,170,716
<ige 12
untinued...

Turkey Muzaik Foundation
Notes to tlie Fiuaiicial StateJnents- conilniied
foi. the yeaR' ellded .3A JaThuar.I 2025
CREDITORS: AMouf+rrs FALLINC DUE ONE YEAR
2025
2024
Acciii¢d expei]s¢s
500
MOVEMCI NT rur4DS
N¢t
movement
in funds
Tiaiisfa
belw¢en
funds
At
311112_S
At112124
Unrestiicted funds
General fund
1,209,009
(118,499) (766,181)
324,329
Resti'icted fvjids
Donatioi
Charilable activitieg
161,707
157,781
(1,085,669)
(319,488)
1,085,669
161,7n7
(927,88%)
766,181
TOTAL FUNDS
1,370,716
(1,046,387)
324,329
Ncl iiiovenienL in li￿ds, inLluded in thc above are as tollows:
Incoming
resoiJrc&8
Resoiiices
expended
Moyement
in fiinds
Unrestricted funds
G¢iieral fiind
170,695
(289,194) (118,499)
RestiActed funds
Don<itioi]s'
Charitsble activities
157,781
157,781
(1,085,669) (1,085,669)
157.781
(1.085,669) (927,888)
TOTAL VUNDS
328,476
{1,374,863) (1,046,387)
P<i¥e 13
cvnlinued...

Turkey Muzaik Foundation
Note5 to the Finaiicial StgteMents- contlnued
foA' the yeai. ended 31 Janiiary 202$
MOYElVtENT TN FUNDS- continued
Comparalives for movement in funds
N¢t
movemeiit
in fi￿dS
Transfei's
between
fullds
At
-1111124
At 11212_3
Unrestricted fiinds
Gunc1￿1 fijiid
52,590
348,C)27
8a7,7g2
1,209,009
Restricted fiinds
Donlltions
969,4)( 9
(807,792)
161,707
TOTAL fuNDS
52,590
1,318,126
1,370,716
Comparative iict molremellt ill fLllids", illclud¢d in the abovc as folloiiTS:
Tncoming
resources
Resourc¢y
expended
Movement
in tiinds
Unrestrieted tunds
General fiind
390,190
(41.563)
348.627
Restricted funds
Donations
3,852,519
4,883.020)
969,499
TOTAL FUNDS
4,242.709
{2,924,583) 1,318,126
A CUiTent yeai. 12 months and prioi. }'ear 12 month5 coinbined position is ÉLS follows..
Transfa's
betw¢en
funds
Net
moiremekit
in funds
At 112123
3111125
Uni'estricted funds
Geneial fund
52,590
230,128
324,329
Restricted funds
Donations
Charitablc activities
1,127,280
{1,085,669)
(1,127,280)
1,085,669
41,61
(41,611)
TOTAL fiUNDS
52,590
271,739
324,329
P¢i¥e 14
continii¢d...

Turkey M02aik- Fuundation
Note5 to the Flnaiicial Statements- conhniied
foi. the yeai" ended 11 January 2025
MOVEMENT IN FUNDS - continued
A CillTcnt y¢ar 12 J]]onths and prior ycai 12 months conibincd iict movcmcnt in fwids, includcd in thc
above ale as folloivs:
Iiicotning
resource8
Resources
expended
Movemenl
in tunds
Unrestricted funds
CJeneiYl fund
560,885
(330,757)
230,128
Restrlcted funds
Donations
Charitable activiti¢s
4,010,300
{2,88.1,020)
1,127,280
{1,085,669) (1,085,669)
4,010,300
{3,968,689)
41,611
TOTAL FUNDS
4,571,185
(4,299,446)
271,739
10. REI LATED PARTY DTSCLOSURES
Tliere weiE no relared party ti ansactionq toi. Ilie year elided 31 Januaiy ?025.
Puge 15

Turkey Muzaik- Foundation
Detfiftled Statement of Flnancial Actlvliles
toi. the yeai" ended.11 January 2025
2025
2024
INCOTrICI AND NDOIVMIIYTS
Donlltlons and legacies
Doiiations
250,578
4,181,379
Other h'ading actiTrities
Other trading activities
66,576
48,012
Investment Ancome
Deposit accoiint Int¢￿st
11,322
13,318
Total illcomlllg resources
328,476
4,242,709
EXPENDITURK
Ralslng doiilltions aiid legacies
Futthiqing CSTcnt8
Postage and stationery
Advertising & Markelllig
Tnt¢rnet exPcns¢s
Bank charges
Consultancy tees
66,679
7,2111
178
550
5,134
46.031
3.464
20,000
110,643
Charitsbje activities
Grants
1,2().3,720
2,861,100
Siipport costs
Governance costs
AiiditoJE' reJniin¢Tation
AuditoiE' IEmunerntion for non aiidit wo&'k
3,709
600
500
500
4,309
Total r¢sources ¢xp¢nded
1,-374,863
2.924,583
Net (expenditure)litteome
(1,046,387)
1,118,126
ThAS pagc doL% nL)t tc)i'An pai'l ot" thr 4latLitory fLnancAal 4lat¢niLnt
PJge 16