2021-03-31-accounts

	Pages
Trustees' Annual Report	2 t	o 3
Independent Examiner's Report		4
Statement of Financial Activities		5
Summary Income and Expenditure Account		6
Balance Sheet		7
Statement of Cash flows		8
Notes to the Accounts	9 t o	14
Detailed Statement of Financial Activities	15 to	16

**for the year ended 31 March **	2021
		Unrestricted
		funds	Total funds	Total funds
		2021	2021	2020
	Notes	E	E	E
Income and endowments
from:
Donations and legacies	4	380	380	12,422
Total		380	380	12,422
Expenditure on:
Charitable activities	5	−		3,425
Other	6	334	334	8,992
Total		334	334	12,417
Net gains on investments		.....
Net income		46	46	5
Transfers between funds
Net income before other
		46	46	5
gains/(losses)
Other gains and losses
Net movement in funds		46	46	5
Reconciliation of funds:
Total funds brought forward		5	5
Total funds carried forward		51	51	5

	2021	2020
Income	380	12,422
Gross income for the year	380	12,422
Expenditure	334	12,417
Total expenditure for the year	334	12,417
Net income before tax for the year	46	5
Net income for the year	46	5

Company No. 09973479	Notes	2021	2020
Current assets
Cash at bank and in hand		51	5
		51	5
Net current assets		51	5
Total assets less current liabilities		51	5
Net assets excluding pension asset orliability		51	5
Total net assets		51	5
The funds of the charity
Restricted funds	8
Unrestricted funds	8
General funds		51	5
		51	5
Reserves	8
Total funds		51	5

	2021	2020
	E	E
Cash−flows from operating activities
Net income per Statement of Financial Activities	46	5
Net cash provided by operating activities	46	5
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents	46	5
Cash and cash equivalents at the beginning of the year	5
Cash and cash equivalents at the end of the year	51	5
Components of cash and cash equivalents
Cash and bank balances	51	5
	51	5

Fund accounting
Unrestricted funds	These are available for use at the discretion of the trustees in furtherance of the
	general objects of the charity.
Designated funds	These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation funds	These are unrestricted funds which include a revaluation reserve representing the
	restatement of investment assets at their market values.
Restricted funds	These are available for use subject to restrictions imposed by the donor or through
	terms ofan appeal.
Income
Recognition of	Income is included in the Statement of Financial Activities (SoFA) when the charity
income	becomes entitled to, and virtually certain to receive, the income and the amount of
	the income can be measured with sufficient reliability.
Income with related	Where income has related expenditure the income and related expenditure is
expenditure	reported gross in the SoFA.
Donations and	Voluntary income received by way of grants, donations and gifts is included in the
legacies	the SoFA when receivable and only when the Charity has unconditional
	entitlement to the income.
Tax reclaims on	Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts	gift/donation to which it relates.
Donated services	These are only included in income (with an equivalent amount in expenditure)
and facilities	where the benefit to the Charity is reasonably quantifiable, measurable and
	material.
Volunteer help	The value of any volunteer help received is not included in the accounts.
Investment income	This is included in the accounts when receivable.
Gains/(losses) on	This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed	at the end ofthe year.
assets
Gains/(losses) on	This includes any gain or loss on the sale of investments.
investment assets

3	Statement of Financial Activities −prior year
			Unrestricted
			funds	Total funds
			2020	2020
				E
Income and endowments from:
	Donations and legacies		12,422	12,422
Total			12,422	12,422
Expenditure on:
	Charitable activities		3,425	3,425
	Other		8,992	8,992
Total			12,417	12,417
**Net **	income		5	5
**Net **	income before other
gains/(losses)			5	5
Other gains and losses:
**Net **	movement in funds		5	5
Reconciliation of funds:
Total funds carried forward
4	Income from donations and legacies
		Unrestricted	Total	Total
			2021	2020
		E		E
		380	380	12,422
		380	380	12,422
5	Expenditure on charitable activities
			Total	Total
			2021	2020
			E
	Expenditure on charitable
	activities
				1,525
				1,900
	Governance costs
				3,425

Other expenditure
	Unrestricted	Total	Total
		2021	2020
	E	E	E
Motor and travel costs			1,900
General administrative costs	134	134	6,092
Legal and professional costs	200	200	1,000
	334	334	8,992

			Incoming
			resources (including	Resources	At 31 March
		At 1 April	other gains/losses	expended	2021
		2020	)
			E	E	E
	Restricted funds:
	Unrestricted funds:
	General funds	5	380	(334)	51
	Revaluation Reserves:
	Total funds		380	(334)	51
9	Analysis of net assets between funds
				Unrestricted
					Total
				funds
				E	E
	Net current assets			51	51
				51	51
10	Reconciliation of net debt
					At 31
			At 1 April		March
			2020	Cash flows	2021
			E	E	E
	Cash and cash equivalents		5	46	51
			5	46	51
	Net debt		5	46	51

TURKISH STUDENT UNION OF UK Notes to the Accounts Pa8e 14

for the year ended 31 March 2021
	Unrestricted
	funds	Total funds	Total funds
	2021	2021	2020
	E	E	E
Income and endowments from:
Donations and legacies
	380	380	12,422
	380	380	12,422
Total income and endowments	380	380	12,422
Expenditure on:
Charitable activities
			1,525
			1,900
	−		3,425
		_
Total of expenditure on charitable			3,425
activities
Travel and subsistence			1,900
		−	1,900
General administrative costs,
including depreciation and
amortisation
Equipment leasing and hire			977
charges
Postage and couriers		−	2,055
Software, IT support and related			1,523
costs
Stationery and printing			1,537
Subscriptions	14	14
Telephone, fax and broadband	120	120
	134	134	6,092
Legal and professional costs
Accountancy and bookkeeping	200	200
Consultancy fees			1,000
	200	200	1,000
Total of expenditure of other costs	334	334	8,992
Total expenditure	334	334	12,417
Net gains on investments		−
	46	46	5
Net income
Net income before other
gains/(losses)	46	46	5
Other Gains	−		−

Net movement in funds	46	46	5
Reconciliation of funds:
Total funds brought forward	5	5
Total funds carried forward	51	51	5