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2024-05-31-accounts

REGISTERED CHARITY NUMBER: 271146

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024 FOR TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

MG GROUP (PROFESSIONAL SERVICES) LTD CHARTERED ACCOUNTANTS

166 COLLEGE ROAD HARROW MIDDLESEX HA1 1BH

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

Report of the Trustees
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		 Page
1 - 6
7
8
9
10 – 17

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31[st] MAY 2024

The trustees present their report with the financial statements of the charity for the year ended 31[st] May 2024. 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 2015).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number : 271146

Principal Address

4 Willoughby Road Hornsey London N8 0HR

Trustees

The following trustees served during the year:

Ms S Beyzade (Chair) Ms S Mustafa Ms I Shefki Ms H Beyzade Ms H Degirmencioglu (Vice Chair) Ms N Aktekin (Treasurer) Ms D Dervish Ms A Ibrahim Ms T Nazim Ms F Djahit Ms N Mustafa Ms A Osman Ms H Dervish (Ceased December 2023)

Independent Examiners

MG Group (Professional Services) Ltd Chartered Accountants 166 College Road, Harrow, Middlesex HA1 1BH

Bankers

Turkish Bank UK 84-86 Borough High Street London SE1 1LN

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity is controlled by its constitution document and constitutes an Unincorporated Charity. The Charity is an Unincorporated Association governed by Laws adopted on 17[th] March 1976 and amended in General Meeting from time to time.

Recruitment and Appointment of New Members of the Executive Committee

The Laws of the Association govern the appointment of Members. Members are elected at the Annual General Meeting (“AGM”).

Induction and Training of New Members of the Executive Committee

New Members are mentored by existing Members until they are fully familiar with how the Charity operates.

Organisational Structure

Management of the Charity’s affairs is vested in its executive committee whose members are thereby Charity Trustees. The Trustees in 2024 are named on page 1.

Risk Management

The Trustees are responsible for the management of the risks faced by the Association. Risks are identified and assessed throughout the year and controls are established to manage the risks.

Through the risk management processes established for the Association, the Trustees are satisfied that the major risks identified have been adequately mitigated, where necessary, or are in the process of being mitigated. It is recognised that systems can only provide reasonable, but not absolute, assurance that major risks have been adequately identified and addressed.

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

Objectives

The Charity was established in 1976 and the objects of the Association are to provide help and financial assistance to Turkish women, poor, sick, aged and destitute persons and other charitable associations. In addition to this the Association may:

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Key Aims

  1. Build an active, supportive community, with a range of medical, educational and cultural events for all.

  2. Provide for our children and young people a vibrant community that strengthens their Turkish identity.

  3. Maintain the upkeep of the premises and use funds solely towards the promotion of the objectives.

  4. Actively seek and recruit new members.

Activities, Achievements and Performance, Future Plans

Activities

The Charity activities usually involve general money raising activities, sponsored walks, day trips, outings, annual raffle, and lunches. We have Sunday teas open to members with educational talks. Every Friday is drop-in day for elderly and others. We provide yoga classes for elderly and others every week and handcraft and embroidery classes for members and others. We visit elderly and sick persons at hospitals and homes mainly in North London.

Achievement, Performance and Future Plans

My committee members and I have worked very hard the past year, we started new and exciting projects to help our community thrive. These included: TWPA cookery competition and to help inspire our community to have the courage to speak out and believe in themselves we started the TWPA Sonay Yakup Yakupsoy Poetry Competition. All of which we did side by side with all the other annual events and activity you know and love.

We raised money for TWPA through our Christmas bazaar, Christmas raffle, our mothers day lunch, summer garden party, The CTCA North Cyprus Festival and our sponsored walk. All monies raised at these event went to our Dementia support and prevention projects and our autism projects.

In February we held a Mevlit for the Earthquake victims, one year on.

In March, we held an iftar yemek here at our centre and which many of our members came but many non members within our community came also which was wonderful too.

We held several seminars to help educate our community including a dementia seminar, Cancer seminar and more recently a domestic abuse seminar. Our lives are filled with many obstacles whether it be directly or through family members and loved ones. It's important to realise that we are not alone, many of these experiences that ail us are common and are shared by many others. It is therefore important that we do not suffer in silence and are not afraid to come forward and talk about these thing, by talking you are not just helping yourself you may also be helping others to have a voice. We gain strength by sharing because it's through sharing that we gather support and we all need support every day. Nobody can live a full life on their own.

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We continue to battle mental health and loneliness within our community through our walk in centre on Fridays as well as other ventures. Our wonderful Hulya heads this. I am so please that so many members come regularly to chat while they have brunch and play bingo. It is a great opportunity to meet old and new friends. These bonds of friendships that we have gained through this is more than just friendship we are a families and I know through my own personal experience how fond I am of you all and how you are my family and I do hope you feel the same too.

Our yoga classes continue on Wednesday mornings and is organised by Havva. This is a great way to improve your fitness in a very gentle and manageable way.

On Tuesday our arts and craft club headed by Semahat, excelled themselves with a new project where they made a knitted patchwork quilt which would be used to help support a Turkish Cypriot orphan child through their education. We were overwhelmed by the number of individuals who sent knitted squares from all over the UK. This project united women of all ages as we knitted for the same important cause. It was unfortunate that we were unable to auction this at the CTCA Festival in June as advertised but we did raffle it off and made £715 for the project so far. I would like to thank not just Semahat but Inci and Nazan also for putting the squares together and making this such a wonderful venture. We have already started preparing for our next quilt to be sold which will be made of fabric in the traditional quilted blanket style. I do hope you will all participate in this.

Our Dementia support and prevention group continues on Tuesday morning. Haringey head of dementia has praised us for this endeavour we are the only Community charity in London doing such a thing which we are offering to our members for free. Each week Zeynep our qualified physiotherapist talks about the best foods to eat, they perform gentle exercises and cognitive skills all to help prevent the onset and to help slow down dementia.

Our Autism project continue we were given a lottery grant for the Parent carer support group which has now finish but we continue with our project as it has helped so many families we are struggling.

The music therapy groups are also continuing our autistic children are gaining confidence and integrating more in society which is a huge achievement and one we feel so proud to be part of. Many social workers and in fact CAMS NHS in Barnet, Enfield and Haringey have approached us and want to work with us which just show what valuable work we are doing here art our centre.

In the past year we started several new competitions one of which is our Cooking competition. This has been a real joy to organise and has brought much excitement and laughter to our members. This year's winners included Dudu Dervish winner of the Best Bulgur Kofte, Ayse who won the best dolma competition and Ayse Ibrahim who won best sutlu borek. Our wholesome, healthy Turkish cuisine is second to none. We all have our favourite, for many years our mothers, grandmothers handed down family recopies for the staples in our everyday diets. In this modern age this wonderful tradition has been dying out and many of our younger generation have spoken out saying they want to learn how to make these dishes too. This competition was started to help inspire them to try cooking these dishes and participate. It's through participation that we learn and improve and by trying we can perhaps learn some secrets from the great chiefs within our community. We aim to continue this competition with our next one in February where we will be searching for the best Pilavun in London. I do hope you will all have the courage to participate. After all, it's all in the name of having fun and celebrating our great culture.

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We have listen to our community and tried our very best to help encourage and fill the voids that affect our everyday lives. This year Barnet council held a seminar that was anti Turkish and Turkish Cypriot. This was the second year in a row this was done. We, the TWPA were asked to help advocate for our community. This is something the TWPA have championed for many decades and back in the 1980 and 1990, many of our members Havva, Hulya, Semahat, Sivel, Aysin as well as their husbands Veli and Erter, fought hard to get the Turkish Cypriots in Haringey recognised. It is unbelievable that in this day and age our community is still being discriminated against and what is worse is that many of us have just accepted this as the norm. Unfortunately our children are being bullied in schools, and it continues to have a huge impact on our businesses. Our mental health is paramount to the TWPA and we are advocating for our community and have been doing so by writing letters and holding deputations. This will be a long battle but a battle we will win because the law is on our side. We just need to educate people about who we are and celebrate our culture. We can only do this by coming together, and being proud of our community.

TWPA Sonay Yakup Yakupsoy Poetry Competition. Our children are being left behind academically, many are not getting the support they need to reach their potential this project was part of our initiative to help inspire our community to take that step and believe in themselves. Sonay has been a member of the TWPA for many years she has advocated for our community and championed our children's education. More recently she has been one of the main volunteers to worked in both our autism parent carer support group and our autism music therapy group she was therefore the natural person to lead this amazing and historic competition. Historic because it's the first time ever that the Turkish and Turkish Cypriot community helped such a competition and many individuals not just here in the UK but also from Turkey and Northern Cyprus entered. The competition had several categories including children, teens, individuals with special need and men and women. We had 76 poems entered and all were collected in a beautiful book which we are selling to help raise money for education within our community. I do hope you will all buy a copy both the Turkish Cypriot and Turkish Ambassadors have supported this endeavour and celebrated our book and the work we have achieved. We are happy to say we will be continuing this initiative in the coming year.

A few of our members braved a safari trip to Gambia and Senegal. These are very poor countries and they found the facilities were primitive compared to the everyday facilities we are fortunate to have here in the UK, however the experience they encountered living side by side with a Rhino, stroking crocodiles and camping in the middle of a national safari park resulted in unforgettable life long memories they will treasure forever. We hope to organise more holidays in the coming year perhaps not as exotic.

Finally as part of the Turkish Cypriot Remembrance Society which is part of the TWPA, this year we laid wreaths for remembrance day in Barnet, Enfield, Haringey, and for the first time in Borehamwood and Elstree. This is an important part of being proud of our community remembering our brave soldiers many who were part of our family and telling the world and educating them of our existence and part in world history with the endeavour to not only honour our dead but also remove false stigmas and improve our inclusivity her in the UK and beyond.

Financial Review

The Trustees report an overall surplus of £46 (2023: £5,479). The Balance Sheet remains strong, with net assets of £541,973. The Charity’s land and buildings for use in its activities includes a residential flat which has been rented out to provide income to finance expenditure.

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Reserves Policy

Our policy is to utilise any reserves for future commitments and projects which include:

Total reserve amount to £541,973 (2023: £541,927) of which £508,097 (2023 - £508,097) is permanent endowment.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees are responsible for preparing the Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity law requires the Trustees to prepare Financial Statements for each financial year. Under that law, the Trustees have elected to prepare the Financial Statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

The Financial Statements are required by law to give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those Financial Statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD OF TRUSTEES

............................................... S Beyzade Chairperson 

28/03/2025

Date: .........................................

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

I report to the Trustees on my examination of the Accounts of the association for the year ended 31[st] May 2024, which are set out on pages 8 to 17.

Respective responsibilities of Trustees and Examiner

The Charity’s Trustees are responsible for the preparation of the Accounts in accordance with the requirements of the Charities Act 2011. The Charity’s 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.

It is my responsibility to:

This report is made to the Charity’s Trustees, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might examine the Financial Statements that we have been engaged to examine, report to the Charity Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees, as a body, for our work or for this report.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts and the seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the Accounts present a ‘true and fair view’ and the Report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

Gavin Fernandes FCA

28/03/2025 Date:

…………………………………… MG Group (Professional Services) Ltd Chartered Accountants, 3[rd] Floor, 166 College Road, Harrow, Middlesex, HA1 1BH

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31[st] MAY 2024

Notes
Unrestricted
Funds
Restricted
Funds
Income:
£
£
Donations and subscriptions
2
3,278
1,446
Charitable Activities and Fundraising events
2
-
10,000
Investment income
3
22,136
-
Total Income
25,414
11,446
Expenditure
Charitable activities costs
4
28,851
7,153
Governance costs
5
810
Total Expenditure
29,661
Net Income and Net Movement of Funds before
Transfers
(4,247)
4,293
Transfer between funds
-
-
Net movement in funds
(4,247)
4,293
Reconciliation of Funds
Total funds brought forward
29,578
4,252
Total Funds Carried Forward
25,331
8,545		 Permanent
Endowment
£
-
-
-
-
-
-
508,097
508,097		 31.05.2024
Total Funds
£
4,724
10,000
22,136
36,860
36,004
810
36,814
46
-
46
541,927
541,973		 31.05.2024
Total Funds
£
4,724
10,000
22,136
36,860
36,004
810
36,814
46
-
46
541,927
541,973		 31.05.2024
Total Funds
£
4,724
10,000
22,136
36,860
36,004
810
36,814
46
-
46
541,927
541,973		 31.05.2023
Total Funds
£
5,880
2,512
15,214
23,606
17,407
720
18,127
5,479
-
5,479
536,448
541,927		 31.05.2023
Total Funds
£
5,880
2,512
15,214
23,606
17,407
720
18,127
5,479
-
5,479
536,448
541,927		 31.05.2023
Total Funds
£
5,880
2,512
15,214
23,606
17,407
720
18,127
5,479
-
5,479
536,448
541,927		 31.05.2023
Total Funds
£
5,880
2,512
15,214
23,606
17,407
720
18,127
5,479
-
5,479
536,448
541,927



23,606
17,407
720
18,127

5,479
-
5,479
536,448

541,927

The notes on pages 10-17 form part of these Financial Statements

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

BALANCE SHEET AS AT 31[st] MAY 2024

Fixed Assets
Tangible assets
Current Assets
Debtors
Cash at Bank and in hand
Creditors: Amounts falling due
within
one year
Net Current Assets
Creditors: Amounts falling due
after
more than one year
Net Assets
The Funds of the Charity:
Permanent Endowment Funds
Restricted Income Funds
Unrestricted Income Funds
Total Charity Funds		 Notes
7
8
9
10
10		 2024
Permanent
Endowment		 2024
Permanent
Endowment
2024
Restricted
2024
Restricted
2024
Restricted
2024
Unrestricted
£
891
- 488
25,482
25,970
(1,530)
24,440
-
25,331
25,331		 2024
Total

£
508,988
488
34,027
34,515
(1,530)
32,985
-
541,973
541,793		 2023
Total
£
509,102
680
32,865
33,545
(720)
32,825
-
541,927
508,097
4,252
29,578
541,927
£
508,097
-
-
-
-
-
-
508,097
508,097
£
-
8,545
8,545
-
8,545
-
8,545
8,545		 -

Within the comparative figures, £508,097 of the tangible assets and total charity funds represent permanent endowment, and all other figures represent unrestricted funds.

28/03/2025 Approved by the Trustees on …………………………….. and signed on their behalf by

...................................................... S Beyzade Chairperson ...................................................... N Aktekin

Treasurer

The notes on pages 10 – 17 form part of these Financial Statements

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

1. ACCOUNTING POLICIES

Basis of Preparation of Financial Accounts

The financial statements of the Charity, 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 2015)’. The financial statements have been prepared under the historical cost convention.

The trustees have assessed whether the use of the going concern basis is appropriate, and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements, and have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore adopts the going concern basis in preparing its financial statements.

Income

Voluntary donations and gifts are accounted for as received. 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.

Value Added Tax

Value Added Tax is not recoverable by the Charity and, as such, is included in the relevant costs in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible Fixed Assets

Tangible fixed assets for use by the Charity are stated at cost less depreciation

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

(…/cont)

Depreciation is provided at rates calculated to write off the cost of fixed assets, over their expected useful lives on the following basis:

Furniture & Fittings 25% reducing balance.

No depreciation is provided on freehold land and buildings improvements thereto and assets in the course of construction which, in the opinion of the Trustees, have a residual value not less than their cost.

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 explanations of the nature and purpose of each fund is included in the notes to the Financial Statements.

Presentation Currency and Rounding

The financial statements are presented in the functional currency of pounds sterling, and the figures are rounded to the nearest pound.

Financial instruments

The Charity has elected to apply the provisions of the Charities SORP (FRS 102) to all of its financial instruments.

Financial instruments are recognised in the Charity’s balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

(…/cont)

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. VOLUNTARY INCOME FOR CHARITABLE ACTIVITIES

Unrestricted Funds
Donations
Subscriptions
Fundraising events
Restricted Funds
Earthquake Appeal
Community National Lottery Fund - Autism
Dementia Programme		 31.05.2024
£
2,663
615
-
3,278
31.05.2024
£
120
10,000
1,326
11,446		 31.05.2023
£
1,893
915
1,332
4,140
31.05.2023
£
4,252
-
-
4,252

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

(…/cont)

3. INVESTMENT INCOME

3. INVESTMENT INCOME
Rental Income
Interest received
Repairs to Flat
4. CHARITABLE ACTIVITIES COSTS

Unrestricted Funds
Catering and food
Fundraising events
Lighting and heating
Donations paid
Subscriptions
Travel
Cleaning upkeep and kitchen assistance
Repairs and renewals
Printing, postage and stationery
Advertising
Water rates
Insurance
Telephone
Sundry expenses
Bank charges
Depreciation		 31.05.2024
£
21,760
376
(-)
22,136
31.05.2024
£
1,149
1,704
2,631
-
73
2,355
2,569
13,695
814
-
340
1,502
1,022
70
629
298
28,851		 31.05.2023
£
17,417
117
(2,320)
15,214
31.05.2023
£
628
-
2,174
3,186
125
1,080
2,995
2,521
363
200
434
1,888
1,174
49
255
335
17,407

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

(…/cont)


Restricted Funds
Fundraising events
Donations paid		 31.05.2024
£
7,093
60
7,153		 31.05.2023
£
-
-
-

5. GOVERNANCE COSTS


Accountancy Fees - Independent Examination
Legal and Professional fees		 31.05.2024
£
810
-
810		 31.05.2023
£
720
-
720

6. TRUSTEES’ REMUNERATION AND BENEFITS, RELATED PARTIES

During the year, no fees or remuneration were paid to Trustees or to any persons connected to the Trustees.

Trustees’ Expenses

This year Trustee was paid £734 for acting as a Secretary for an Autism project.

Related Parties

There are no related party disclosures required for the year.

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TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

(…/cont)

7. TANGIBLE FIXED ASSETS


Cost at 1stJune 2023
Additions
Cost at 31stMay 2024
Depreciation at 1stJune 2023
Charge for the year
Depreciation at 31stMay 2024
Net Book Value at 31stMay 2024
Net Book Value at 31stMay 2023		 Permanent Endowments
Unrestricted Funds
Freehold
Property
Improvements
to Property
Fixtures &
Fittings
Total
£
£
£
400,000
108,097
14,240
522,337
-
-
184
184
400,000
108,097
14,424
522,521
-
-
13,235
13,235
-
-
298
298
-
-
13,533
13,533
400,000
108,097
891
508,988
400,000
108,097
1,005
509,102		 Permanent Endowments
Unrestricted Funds
Freehold
Property
Improvements
to Property
Fixtures &
Fittings
Total
£
£
£
400,000
108,097
14,240
522,337
-
-
184
184
400,000
108,097
14,424
522,521
-
-
13,235
13,235
-
-
298
298
-
-
13,533
13,533
400,000
108,097
891
508,988
400,000
108,097
1,005
509,102

For the time being, the Charity is renting out the premises above 4 Willoughby Road, London, N8 0HR to a third party. 4 Willoughby Road, London N8 0HR is carried at historical cost in the Financial Statements.

8. DEBTORS


Amounts falling due within one year:
Prepayments		 31.05.2024
£
488
488		 31.05.2023
£
680
680

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Accruals and deferred income		 31.05.2024
£
1,530
1,530		 31.05.2023
£
720
720

C/Accounts/T512-RptFinStat2024

17

TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

(…/cont)

10. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted Fund
Restricted Fund
Permanent Endowment Fund
Unrestricted Fund
Restricted Fund
Permanent Endowment Fund		 At
01.06.2023
Net
Movement in
Funds
Transfers
between
Funds
£
£
£
29,578
(4,247)
-
4,252
4,293
-
508,097
-
-
At
01.06.2022
Net
Movement in
Funds
Transfers
between
Funds
28,351
1,227
-
-
4,252
-
508,097
-
-_		 At
31.05.2024
£
25,331
8,545
508,097
At
31.05.2023
29,578
4,252
508,097
5

Net movement in funds included above are as follows:

2024
Unrestricted Funds
Restricted Funds
Permanent Endowment Fund
2023
Unrestricted Funds
Restricted Funds
Permanent Endowment Fund		 Incoming
Resources
£
25,414
11,446
-
Incoming
Resources
£
19,534
4,252
-		 Resources
Expended
Movement
in Funds
£
£
29,661
7,153
(4,247)
4,293
-
-
Resources
Expended
Movement
in Funds
£
£
18,127
1,227
-
4,252
-
-		 Resources
Expended
Movement
in Funds
£
£
29,661
7,153
(4,247)
4,293
-
-
Resources
Expended
Movement
in Funds
£
£
18,127
1,227
-
4,252
-
-

The permanent endowment fund provides the premises where the Charity’s activities are based. The unrestricted fund provides funds to run the regular Charity activities.

C/Accounts/T512-RptFinStat2024

18

TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024

(…/cont)

11. AMOUNTS RECEIVABLE FROM TENANTS FOR THE USE OF THE CHARITY’S PROPERTY (OPERATING LEASES)

The Charity has the following commitments from tenants under leases to pay rents to the Charity, where the leases expire in the following periods from the balance sheet date.



•
Not later than one year
•
Between one and five years		 2024

£

21,600
-		 2023
£
18,000
-

The above figures represent amounts payable up to the end of the leases.

12. LEGAL FORM OF THE CHARITY

The Charity is an unincorporated association governed by laws adopted on the 17[th] March 1976 and amended in General Meeting from time to time.

C/Accounts/T512-RptFinStat2024

19

TURKISH WOMEN’S PHILANTHROPIC ASSOCIATION OF ENGLAND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[st] MAY 2024

2024
Income:
£
Donations
Subscriptions
Community National Lottery Fund - Autism
Interest received
Fundraising events
Rental Income, net of repairs
Expenditure
Catering and foods
1,149
Fundraising events
8,797
Lighting and heating
2,631
Donations paid
60
Subscriptions
73
Travel
2,355
Cleaning, upkeep and kitchen assistance
2,569
Printing, postage and stationery
814
Repairs and renewals
13,695
Advertising
-
Water rates
340
Insurance
1,502
Telephone
1,022
Sundry expenses
70
Bank interest and charges
629
Accountancy fees
810
Depreciation
298
Net surplus/(deficit) for the Year		 2023
£
£
£
4,109
3,070
615
915
10,000
-
376
117
-
4,407
21,760
15,097
36,860
23,606
628
-
2,174
3,186
125
1,080
2,995
363
2,521
200
434
1,888
1,174
49
255
720
36,814
335
18,127
46
5,479

C/Accounts/T512-RptFinStat2024