**REGISTERED COMPANY NUMBER: 11207385 (England and Wales) REGISTERED CHARITY NUMBER: 1181563** ## **Report of the Trustees and** ## **Unaudited Financial Statements** **for the Year Ended 28 February 2022** ## **for** **West London Turkish Volunteers Ltd** Alton & Co Chartered Accountants 239-241 Kennington Lane London SE11 5QU **West London Turkish Volunteers Ltd** ## **Contents of the Financial Statements for the year ended 28 February 2022** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Statement of Financial Position**|5 to 6| |**Notes to the Financial Statements**|7 to 11| |**Detailed Statement of Financial Activities**|12| **West London Turkish Volunteers Ltd** ## **Report of the Trustees for the year ended 28 February 2022** 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 28 February 2022. 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity's main objectives are (1) The advancement of education of children by the provision of educational support, in particular but not exclusively by providing a supplemental homework school that offers support to children to enhance their understanding and practice of turkish language and history.(2) The advancement of education about all aspects of turkish arts, culture and heritage, in particular by organising special days of celebration and the promotion of annual festivals to that end.(3) To provide social activities to the benefit of all members of the public. ## **Volunteers** We are dependent on our wonderful team of volunteers. From time to time we have volunteering opportunities in all areas of our Charity. We hope that you would like to support us. There are a few ways how you can make a difference to your local community: 1. Volunteer or take part in certain projects and activities where we need help from volunteers. 2. Contribute and share your knowledge, experience, skills by offering your specific services. 3. Donations (one off or regular monthly). 4. Become a Member of our Charity. ## **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** 11207385 (England and Wales) ## **Registered Charity number** 1181563 ## **Registered office** Rear of 670 Hanworth road Hounslow TW4 5NP ## **Trustees** Mr B Gurkan Company Director Mr E Ozdemir Secretary Mr O Gurkan Director Page 1 **West London Turkish Volunteers Ltd** ## **Report of the Trustees for the year ended 28 February 2022** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Independent Examiner** Alton & Co Chartered Accountants 239-241 Kennington Lane London SE11 5QU 30/11/2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ................................................................. Mr O Gurkan - Trustee Page 2 ## **Independent Examiner's Report to the Trustees of West London Turkish Volunteers Ltd** ## **Independent examiner's report to the trustees of West London Turkish Volunteers Ltd ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2022. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr A Kemal FCA FCCA Chartered Accountant Alton & Co Chartered Accountants 239-241 Kennington Lane London SE11 5QU Date: ............................................. Page 3 ## **West London Turkish Volunteers Ltd** ## **Statement of Financial Activities for the year ended 28 February 2022** |2022
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
139,501
**EXPENDITURE ON**
Other
97,858
**NET INCOME**
41,643
**RECONCILIATION OF FUNDS**
Total funds brought forward
88,919
**TOTAL FUNDS CARRIED FORWARD**
130,562|2021
Total
funds
£
86,320| |---|---| ||47,655| ||38,665
50,254| ||88,919| The notes form part of these financial statements Page 4 ## **West London Turkish Volunteers Ltd** ## **Statement of Financial Position 28 February 2022** |2022
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
285
**CURRENT ASSETS**
Cash at bank
131,250
**CREDITORS**
Amounts falling due within one year
7
(973)
**NET CURRENT ASSETS**
130,277
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
130,562
**NET ASSETS**
130,562
**FUNDS**
8
Unrestricted funds
130,562
**TOTAL FUNDS**
130,562|2021
Total
funds
£
379
91,420
(2,880)
88,540
88,919
88,919
88,919
88,919| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 Page 5 continued... **West London Turkish Volunteers Ltd** ## **Statement of Financial Position - continued 28 February 2022** 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 30/11/2022 ............................................. and were signed on its behalf by: ............................................. Mr O Gurkan - Trustee The notes form part of these financial statements Page 6 **West London Turkish Volunteers Ltd** ## **Notes to the Financial Statements for the year ended 28 February 2022** ## **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. Plant and machinery - 25% on reducing balance ## **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. continued... Page 7 **West London Turkish Volunteers Ltd** ## **Notes to the Financial Statements - continued for the year ended 28 February 2022** ## **2. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||2022|2021| |---|---|---| ||£|£| |Depreciation - owned assets|94|127| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 28 February 2022 nor for the year ended 28 February 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 28 February 2022 nor for the year ended 28 February 2021. ## **4. STAFF COSTS** The average monthly number of employees during the year was as follows: ||2022|2021| |---|---|---| |Trustees|3|3| No employees received emoluments in excess of £60,000. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**| |---|---| ||Unrestricted| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|86,320| |**EXPENDITURE ON**|| |Other|47,655| |**NET INCOME**|38,665| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|50,254| continued... Page 8 ## **West London Turkish Volunteers Ltd** ## **Notes to the Financial Statements - continued for the year ended 28 February 2022** |**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|| |---|---|---|---|---|---| |||||Unrestricted|| ||||||fund| ||||||£| ||**TOTAL FUNDS CARRIED**||||| ||**FORWARD**||||88,919| |**6.**|**TANGIBLE FIXED ASSETS**||||| |||||Plant and|| |||||machinery|| ||||||£| ||**COST**||||| ||At 1 March 2021 and 28 February 2022||||900| ||**DEPRECIATION**||||| ||At 1 March 2021||||521| ||Charge for year||||94| ||At 28 February 2022||||615| ||**NET BOOK VALUE**||||| ||At 28 February 2022||||285| ||At 28 February 2021||||379| |**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| ||||2022|2021|| ||||£||£| ||Trade creditors||13||-| ||Accrued expenses||960||2,880| ||||973||2,880| |**8.**|**MOVEMENT IN FUNDS**||||| ||||Net||| ||||movement||At| |||At 1/3/21|in funds|28/2/22|| |||£|£||£| ||**Unrestricted funds**||||| ||General fund|88,919|41,643|130,562|| ||**TOTAL FUNDS**|88,919|41,643|130,562|| continued... Page 9 ## **West London Turkish Volunteers Ltd** ## **Notes to the Financial Statements - continued for the year ended 28 February 2022** ## **8. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|139,501|(97,858)|41,643| |**TOTAL FUNDS**|139,501|(97,858)|41,643| |**Comparatives for movement in funds**|||| |||Net|| |||movement|At| ||At 1/3/20|in funds|28/2/21| ||£|£|£| |**Unrestricted funds**|||| |General fund|50,254|38,665|88,919| |**TOTAL FUNDS**|50,254|38,665|88,919| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|86,320|(47,655)|38,665| |**TOTAL FUNDS**|86,320|(47,655)|38,665| |A current year 12 months and prior year 12 months combined position is as||follows:|| |||Net|| |||movement|At| ||At 1/3/20|in funds|28/2/22| ||£|£|£| |**Unrestricted funds**|||| |General fund|50,254|80,308|130,562| |**TOTAL FUNDS**|50,254|80,308|130,562| continued... Page 10 ## **West London Turkish Volunteers Ltd** ## **Notes to the Financial Statements - continued for the year ended 28 February 2022** ## **8. MOVEMENT IN FUNDS - continued** 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
£
225,821
225,821|Resources
Movement
expended
in funds
£
£
(145,513)
80,308
(145,513)
80,308| |---|---|---| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 28 February 2022. Page 11 ## **West London Turkish Volunteers Ltd** ## **Detailed Statement of Financial Activities for the year ended 28 February 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Total incoming resources**
**EXPENDITURE**
**Other**
Rent
Hire of classrooms
Kitchen & catering expenses
**Support costs**
**Management**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Repairs & maintenance
Advertising & promotion
Other community support gifts
Foods for children in need
**Finance**
Bank charges
Plant and machinery
**Governance costs**
Accountancy
Total resources expended
**Net income**|2022
£
139,501
-
139,501
139,501
33,500
8,227
859
42,586
5,678
964
1,471
750
447
13
2,074
-
3,481
39,038
53,916
301
95
396
960
97,858
41,643|2021
£
76,320
10,000| |---|---|---| |||86,320| |||86,320
30,000
1,344
1,490| |||32,834
-
1,169
-
576
550
-
422
12
10,998
-| |||13,727
7
127| |||134
960| |||47,655| |||38,665| This page does not form part of the statutory financial statements Page 12