Ro9lstor8d chorfily number 274732 Turkiyh Slydents wdfaro Charlly Truste8s' Roport and Flnanrlal Ststements tor th# year ended 31 December 2024 T￿rf[3$h. Studènls Wewarn Chatlty Charitablp Trust Contents Pagt R$f0r8nc8 and Admini¥th¥tNe infortnation Trustees, annual report Indpppndenl examiners, rèpor( Statementofflnartr¥al acth￿1088 Balonce sheet rooles to the 8tetement8 Turki¥h sttrdEnts Welfaro charity Charitable Trust Charity infonTtation "Tr￿1￿85 who sèrveddtsriTEg tha year 8nd up.ta thedale ofthis rpport. ch￿rman Trustee Trustee Trustee Tru$igo Trustee Trustee Trustee rwstoe Prof. Dr. Abdulbari Bener t)r. Eyup Kahveci Mr Burh8n Yildlrim Prof. Nihatmayoglu Dr. Mehmet Adak Prol. Dr. Gurksn Ozturk Prof Emir KAYA .ProfAhm6t Seng Dr. Naitn 8aydar Ilrom 5 Aprfl 20231 Ilrom 3 May ?0241 luntil 11 AugLbsl 20231 (from 20 January20251 (from e JOnu￿ 20251 Charity numbor 274732 R8gl$t0rod offiee 54"Te1gnn￿Uth Rd Wlll$orlèTr Gr8en Londatj NWZ4DX Independent Examiner Mew & Co CharteF8d A¢munianl$ No.1 Cochrane H￿Se Aclfryrals Way Canary WharfLondon E149U Bankers rgin Mtsney Bank Yurki5h Studonts W8lfaro Charfty Charitaktl? Trust Report of tho TNste9S' fgT the year ended 31 December 2024 Turkish Students Welfare Charity The Tw$lees present their onnual reportand the 5tat¢ments for tbtr yéar Or￿ed 31 D￿￿rnber 2Q24 ghd confirm they comply th th.e Chariti85 Art 2011. thé trtÈt deed.and Ihs Ch8riUéB SORPI 2019. structure. governance ond management Govemrng document Turklsh Students ¥N91far8 Chartly is"can8tttuted as 8 charitsble trust regi8tered wfh the Charlty Cornmisdw Augu$t'1978 under charity number 274732. 11 isgoveTned by a 68ed of tnJ$l 4lst8d 17 July 1978. OrganFBatlonal stru¢turÈ The Gharitytrnslees are fesponslble for Ihé g¢noral conird ond managemènt of Ihe charity.. The trusl8es 9￿6 Iheir tirne fredyarld re￿]Ve no reMur•r8￿Qn or utherfjnanG&?I benefits. The trusfees mept togelbfyr ag a bodyal leastoAce in yéar and are responsiblè f¢rfjV de￿￿on5 tsken in roLq'tbn to runniw ofthe chafity the communilyfacilllles antj the actwities provided by thè Ehanty. Th&day-to-dayrnan8gement of thE Charity and commurutyfacnltlè$ and prlects 8￿ tfelegoted £D designtted vRrden. Re¢rultment and appolnlmènt of trUst￿S Tho exisiing trustees are re5pon$ibl&for th2 recruitment of Iru8taes. In S￿eCt￿9 trustees, i¥e seek lo Idwtfy PO6ple who have gpod rfrpulal￿n in communily and arè w111r￿ to vo￿nteer lo holp in our bioattol cofflmuhty work. Poltnlial IrusteES are invited to &llend trosteas, mgellng as <)bsetvei8 and are given mDre detai15 of.the tharill5 ains and a¢￿¥￿*￿S and, if ￿1 agree, Ih&y are then propD8Ed 08 newtru5teBs at the subseqLrenllrustsès' mg@thg. This proce88 allovds due consid8ratiDn of ptrr30n's èligibiltyb personal Gornpgt8ll¢gI $peG￿lL41 krK)wkdoe and 3killb. Inductioft and training of ¢rustèes A number ol p￿l￿tI()n&. d&lail￿1 guid&s and hDW to guides, from Iho CharEly Comrnis￿Dn are 9150 wowded indudiro What makes a tharilf. 'Charilable purposes and puLll¢ bgngfit. and 'Pubfic benefit., Ihe rules for charilie5' Thi5 Ensur85 Ihat n9w trustees are aware oflttg scope oltheir T6sponsibilitie& t¢nder Ihe£h8rib'8sAEI. R5sk managemen¢ The tru5teÈs a5se5s IbB risks tha d)arty fac&s usi￿9 a risk m8lriM wh￿h identifies IkE majorri5k5 byarèa tyf actfvlty, thè rotur8 of t￿89 rbks, th8 Ilkalihood of the risks happening and the rnpasures lakEn lo manag6 them. The IruA# revie¥v IhB risk al Iheir rneetin93. The Iru5tees are Satisfi￿ thai $yStsms are In ￿a¢e. or arrangements are in hant5, lo manage the risks and thè finance6 of Iho Charty ar8 kepLund6r reyiaw. Objootives and a¢livities Ouraims The dbiecis of lh9 ¢harllyarg sot out ITr thè tr￿1 deed and are summarised a5 lollo¥vs' 18ITo relieve poverty alnDn9 Turkith 5tuden15 In th8 Unlied Klngdom. IblTD promotè advatFcem8ft1 of edu¢¥tion amorvJ Tur￿8￿ $ludonts in the United KingdDrn. Iclro promote Ihe reloion of Islam among Turkish students in Unlled Klngdom. IdlTo wavid? hostslf for Ihg accomtnodal￿Tr o!Turkish sludenls in neGEssitOU5 cIrcuM￿an￿&s In thg Kingdom. In To c4rry out 8u¢h legally charti•Ne purposes for the relief of povÈrty or advan¢¢mènl of 8[lts¢BtI￿ anrs promotipn of religian of Islam. Our Ob￿Ctly8s Our ofy'eclive¥ a￿ sel to'relecl DUI-f¥4th ar￿ conwnunlty alms. Each ￿&r our Iwgtees review our objectives and acllviles to gnsur& .th2y C￿l￿Uè tt> ￿fi￿ttt our alms. In ￿[tyng out thig review the trustees kve considered thé Chaiity Comm*&on'g d81811ed uuldance On Publlc bBnel( requiremenl. ActlviliEs andachlovéments How our aetivitl•s dellver publlc bgn¢fit The adequaty or appropriateness of charity in 50ciely cannot be satisfactorily assessed Dn Ihe basls of $Sngular por5peGtN05 or criteria, %*here multip18 componénts ar8 lèkon into aGGount. including assessment of the anlicipal8d anrl Mdar &nvironmentsl, econornic, elhical, Social. and culluial irrTrpacts of scientific and technologlcal d8v8lopm8nts. The charity Garries out a ran9e ofactivilies in pursuan¢e of its ¢harltsbl& #im5. The trust08s consi￿r that thes8 actvi118s, summarryed below, provide benefit to the Turkish cornmun Rellglous actlvltle8 Our Turkish hostd provide5 as 8 Centre for our prayers and ￿￿)rShIp and for the a¢tivrtle5 a5$0Cl818d wilh our faith. During the year under review. we offered a range of activities including prayers an(t Eid celebrations. AGademiG activitleS Ovr Turkish Trust serv85 88 8 Centre for the academic activities Ihrough our association wilh university le¢¢urers and professors. Stud•nt rooms Our Student rooms ar8 available for use by Turkish sbJdents studying in London. The facilities have banefiled students, visiting 5ryenlists and scholars from Turkey. Fln8n¢lal rgvlew Reserves pollcy Tho trustees hav8 r8vlewed th8 reserves of the chaflty. Their policy is to hold enough funds to Meet four months, wraling ￿$18 of thè prernises. The free reserves as at 31 December 2024 were £95.5231£44.634- 31 Decemb8r 20231. Principal fundlng 80U¥C*S The charitys main Soure￿ Of insomo is rgnt r8c8lv8d from $tud&nt gue81 hou88 lor student dormitory) and visting siaenlists Snd holars. Investment pollcy and Obl￿1ve$ Th8 charity has no Ii>ng-lerm inv8slments. Our cash ￿serveS are held in bank accJ)unl$. Statement of Tru8t8•s' rgspon$ibllltle$ Thè charity trustees are responsible for preparing an annual report and fingncial 5tstemenls in aewrdanGe applicable law and United Kingdom Atcounbng Standards (United lfjngdom Gener31ty Accepl8d Accounting Praclicol. The law applitabl$ lo charities in England and Wales rwuiT85 tha charty tmsloe$ lo prepare financial $latements for each year ¥vhich give a true and fair view of the 5tste of affairs of the charity and of Ihe incomin9 r8sources application of rèsources of Ihe charity foi that period. In preparing tr￿ finaniial stst8rn8nts. th8 tru8tea3 are required to.. -58Eeel Suitable acrounting poI￿les and then apply them consi5tenly', >bserve Ihe methods and printi$as in tha Charitias SORP., -make judgerngnt5 and estim8t8s that are reasonable and prud8nt-, -5tste th8lh8r applitable accounting standard8 havè been followed, 5ubi8cl lo any material d*p￿rbJr9 -disclosed and explained in flnanclal ststements.. p￿pare tho financial statèments on the going concem basi% unle$s it is inappropriate io ￿SuMe Ihal lh8 charity will continutr in Ixjsiness. The Iruslees are respunsible for ke8ping proper a¢tounting fecord5 Ihat disclosg with rea50nab18 &ccur8cy at aTTy time the finanual Position of Ihe charity and to 8nable them to ensure tral thè fin8n¢ioI statements comply ￿￿th the Charities Act 2011 and the provisions of trust deed. They are also respon$[b￿ for safeguarding the 8ss8t8 of the ¢harty £nd hence taking reownable steps for the prévention and detection of fraud and other irregularikn'85. The Iru51ee5 for Ih8 purposes of charity law who Served Ouring the year and up to the date of thi5 report are sèt out on tharity irTrfoMiau￿ pag8. Approved by the Trustee5 and 51gned on 30 June 2025 Its behalf by.. Prof Dr. Abdulbar4 Btner Chalrman 3010612025 Turkish Students Welfare Charlty Ch8T¢table Trust Independent examinpTS' reptrrt to thwkrusteos of TuYkEsh StudEnts W¢bfor¢ Charfl I report to the liustèos on my examination Df the finarKial Statements of.thè Turklsh Sludev>ls Welfare Chstlty for the year ended 31 Decetnber 2024. Thr$ report is mado $01glyto the ¢hariW5 tnJ8tee&. as a tKdy. in accordanc& sect￿rt 145 nf the Chariti98 Act 2011. my.work ha$ een undertaken x> Ihat I might 51ate lo the charltys tru6188S those matters l am requ￿ed to slate to tham IFus report and for n) other P￿rr￿se. To lullesi exionl r>ermitted by law, I do not accept or as5urne responsfDiUty lo anyone oth&r than the charity and the chartys trustee8 as a body. for rny ￿￿￿k, forthis report, or forihé oplni¢n51 hav8 formed Re$ponslbllltlgs and ba¥18 report Asthe tru51ees ol ihe Gharily you are r¢spon$lb19 k)r Ihe preparation of financiBI statements h ac¢oFdan¢• wfth theret4uiremenl8 of Ihg Charile4 Acl 2011 Ilhe ACVI. l typort in respoct of my oxamknabth of thè raarity'sffinanoial slalements C￿rIed our und8r sèction 145 of the Act and in wryryng ¢ut my8xarfna)w' I h8vè followed all 1he.ap ￿lEable Direcllon8 given by the Gharty Commisscffi under 8ection I445llbl Df the Act. Independpnt examlner'$ $latemÈnt I ha￿ complgt8d my Examination. I WFTfirm that nts malor￿1 mattèts have ¢ome to my attention in connec1￿￿ with the examhation me causèto bg5ièwe Ihal In any matèrial respEcL. .accaunlMg records woro not koptln ra8pect of the ¢hOr￿g as re4uired by $8clon 130 of thgA¢ or -tho financI8181atemer¥t¥ d(¥ not 8tt0rd lI￿th Ihose records,. or the linanrial slalemonts do not romply wlth ihe app1Kgb￿ requirements con¢orning tha fomTr 8nd content of aGwunts ¥el (xjl in the char￿•5 IA¢ty)unl8 an¢ Reports) Regulathxs 2008 other than any requlremertt Ihgt Ihe 8cctyJnts give a'true and lair viwi which M not a maller conshlerEd as part oran indep9ndeni examination. I have nD concerns and havg fDrne acmss no other Tnauers in conneclion wlh thu exam￿at[an to whith allen1￿￿ ¢h¢uld be dr8vm ift this report in ordorto en8ble a proper undetslalldirvJ of tho finandal st&lern¢nls lo be re8ched Haroc*n Rafique- Chartered Acetsuntant For and on behalf of Meer & Co Chartmo lund8 Ttyl￿ charfty fund¥ 1.800 93.B08 750.528 93,808 750.528 43,133 700.858 43,133 71JO,858 7SO,528 7$0,528 700,858 7111J.85B 10 750.528 750,521 7$0,528 790,528 700.858 70D,858 700.￿8 700.858 Tho notss on thofollowlDu pagm form an Intqgral part of lh• a¢¢ounts The finan¢ial 8talem8Tr18 ￿re approved bylh8 B03rd on and %gnèd on its bBhaWty PTof. Dr. lkndulbarf Bw•r chaIrn￿n Rag￿trI￿oN numb•r. 274732 Dat• IW0612025 Turkt5h St￿e￿I* Wellave ¢￿￿tY ¢barlt•blB TrL&t otes to tho a￿o￿nIS for thEypar£nd£d 31 Do¢èmber2Q24 TuTklsh Sthjdwtts Welfar? ChBrlty GENEPAL INFORMATION Thè chanty 1$ a Charit¥bl*Tiust 8nd wtsgkqt•rtid chBrty in Enyland8nd Wale5. A¢Gwntlng poll¢lg$ ilccountlng convention The fiFHnG&al 51aiernenls have been. preparpAJ. undar the historlc41 cfjsl conv￿110￿. atKJ in 3word8nce with app&EaYa a¢coun1￿g 5t3ndar45 5ssued Oy the Fhanu41 R8wrUrwJ Cuun¢#. the Charities (Accounts and Reports1 Reg￿titiOns, 9nd tho Sl*em¢nt of Recommen(kd Pr8cb"ce.' A(WUnling.￿d R￿Orting by. In￿me resources Ilncornlw r08Qur￿3 re¢opni8od Ihe"charily hasenlmement to thè teBoufcè¥, It1$ prub3No likdy Itwn not) that lh& r&sourG8S L¥ill be received. er¢ the rnonolary ¥31ue Dfin¢oming reswr¢ss ¢8n kng tll88$ur6d vdlh SLrff1c￿nt rdlability. WI￿re Étrpre are tenns ur Ca￿lI10n$ ?Iia¢hed lo It￿￿mIng ièsourttèg, WlrtlcuL4rW gr￿1$. than these terms Dr candiliDns musl be m&t before ihe income Is reco9ntsed enii09ment Lynd￿orn notte $ali3fied unlil that POiDt. Where term$ or ¢onthlion$ have not been MÈI or uncÈrt>lnty a￿$18 gis 10 thoy c¥n be metlhen the ￿levant incorne I Iha b2lant6 gh88t as ￿￿È￿ed inconitr. ntst recogftis8d In Iho ytrar biit dgferr¢d qnd Expéndlturè Expfjndiiur8 ts an ￿erL￿15 b3515 3nd has I￿n ¢kgss1fi6d undor h8adkng8 tajt augregale all co* re￿Ied lo the category. Where cosls cannot beJir8¢Uy attr￿￿ted lo pamktskr hea(llngs Ihey h8ve allorated to aL*V￿eS on a ba*s tOllsEstent ilh the L*e Df ￿sOUrteS AlloeatlDn olsupport ¢oBts. Supwrt Gosts are Ih05e ¢051s iyhKh do not idatg dEreciyl kn a slrvJlo acllvlly. Thostr some costs, costs ul administralton. profe55iorbal Gasls and IT $uwort. Support costs I)8gn appOrt￿lled bets4tÈn fundralsin9 cosLs and charthble aotivllièÉ on In approwi&lè ba$l$. Fund Vdlslng Costs Tme ¢0s1ts ot generatiw Bre IhDS• costs attrlbuiabk 10 geri8raUng tor Ihe rharw. olher those costs Kituir6d In undgrtaling charitable ac*iville5 oftho co$l*uiwrred In tsndetsklng trading aolivities in lurthkrance Df the oblecis. CharhablÈ aetiwilies Costs of cheritable aclpJitEs ¢(YnPrise all costs kncuiwd In the pursuit tsf the dwrrt8ble pbiects of thE Iharily. These ces1& vtr,er8 not olly attrbutablE. 3lP aPPOrtknn¢d bolwgèn Eh8 ol charila￿e expendrttsro in 4ddilbn to thè dkecl costs. Thè tow cost$ of" eaEh categoryolchatfl¥Dl*èxponOllfft an apport￿n￿ent of 5UPPQrt CO5 Flnaneiat Instrumnts A 8$8et or a financial fiability is ￿COgnISe¢l only Iha bacome9 a party lo the £DnlraGbJal Provis￿n$ of Ih 5trumeDt. Ba￿C finzryclal insffiJmÈn16 ar8 recognised al the amounl ￿te1Vable or payA￿e Incluthw any reiAiad tran5arAion "cosls. Curr6ni #s6ets ind current l&bi5il<8 are wjbsequenily measured al the rash w Oiher COn￿deral￿)0 to be pald or iecer48d and not ¢18count￿. Fund ao¢ounllng u￿r&s1￿Cled funds a¢ donatiN5 8nd Trther inc(wnirg resourtss reC8fvat)￿.oY granted fèr the obje* ol ¢harity ivithtxrt ftsrther 8wtyfieO purpose are avallatsle as 98rwra fut¥Jg. Restricted funds ¢8n 0￿1￿ bg usè(tff* particuL8r r&str￿tert purw¥es vilhiTr tlr-ubiorls of Iheth¥r41y. R£siTWons a￿Se1%￿)n by .Ihe dDTrJrorvthen fvnos ?re ror iyattstyJLgrr88irkt8d purpoges. Tanglble fixed o35ets and thpreclatton DerffecialioTr rs provided at ra10¥ cakulai8d.to Wllg on tho ¢081 lesB residu￿ v￿ue of eè¢h a55etover Its eKPè¢ted ts59ful Bf6. frttings ar￿ equipmenl o fèdildng b￿anCe Q8lTrtois Debler8ate ar￿￿￿ts 01￿ to tho charlty- They ¥ramsasured on Ihe basis of IheirreGDver3blg arnount Ca6tEand Q￿h equiY8lenta Cash al and in h3nd is hdd 10 mèeriha day 10 runniw ¢osts of the ¢harrfy &5 Ihey fa11 du2. Creditor8 cr￿i￿orS ar8 amtsunig owed by the tharfty. TheF ore MeasutEd * the omouDt Ihat charty e4)ects to have lo pay lo.sethe the debt. Amounts are h moreth8n a yearare a3lony4ermcredl￿.. Taxallon The exempl c(MvoreUonlax un ils charilab16 ariivltk tQld incLYne of the chaFfjty forth& yBarh8sbB0n derpied ils pAnC￿>al a¢bvty￿thOlly undertaken ITr th$ UK. Unrestrf¢t¢d fun¢J5 202J124 Rv5trV¢led Incomo fu•d¥ 2tr23124 Un￿$tri￿e￿ funds 202Z123 Restrtcted inconx fttnd$ Total fi4nds 2027r23 2023124 2021ff23 Roni re¢*v9￿& 118.730 118.730 118.7811 97.587 Ahatysls of Exp¢ttditureon Raising thnd Unrtstrt¢ted Reslricte rund5 In¢om# fvnd 21J73I24 202Y124 Total Unrestrt¢ted Rosirlcted lunds In¢Dmefund¥ 20221 Tot "2023124 20th& 202¥23 Ral8ino funds Suppurt &51s Tot81 Athaly4bs of Expendlture ot) Qharllablè E¥pèndlthv¢ Unreslrlcied Rpslrlctod Incom• f￿￿8 2023124 Total Unrcstrtctèd RgStrf¢tsd fund* Incomty lu¥Jds 2022123 202¥23 Yotsi 2023124 202Y24 202Z123 Donation'and'grants Support Costs Total 30.2e 38.800 69.060 19,141 52.136 38,800 69.0 51136 71,277 A[1￿8110￿ of SDpport Co&ts and ov8rhead$ To Raisln 2D23124 2023124 2022A3 Chwitabte A¢ttVEt(88 2D23124 2022rd3 2022rI3 1.830 3,364 14,135 3.450 10.Q72 Rate$ L¥hl I￿41 Clean￿9 Repairs and Prinliry, postagB stat￿nery Telephone Leo81 and i*o*&ssional Accounlaney Suodry e*en8es L￿prec￿￿tIon on FF & Efltsiprnent 2.039 0.426 2.059 6,426 23.787 2.380 12,942 73 "I.L47 1.373 3.3e4 14,185 3.450 10.012 ij 1.8&5 1.357 1,aixJ 4580 12,942 73 1.Q47 1.351 1,800 1.5 I,W5 38.800 567 52,13e 567 52,136 36,8QO Unles￿ets￿ funds 2023124 RestrFGle4 incomo funds Totaj UDre8trtctud luThd$ ID2Z123 Res￿￿10d Incom8 fvnd$ 2022123 Tot•1 2923124 2023124 202W24 R&¥ing Funds 38,aoa 36,a(h) 38.400 52.136 5Z136 63,136 Jpporteosts #nd ¢*eih¥ds UnYdstrfGted Rostrlcl Income funds Total fynLts Unro8thGtod Rè$trfci•d In¢ome ftTr 2022123 Tvfal funtfs 2023124 2023124 .2023124. 202W23 2022123 Trave¥￿￿9 Rates 1,830 3,364 14.1 3,450 1Q.012 ,8 3.3fA 14,139 3,45Q IQ39 6.426 23,717 2.380 12,942 73 1.047 1,373 1,500 2,039 8.426 23,78T 2.380 12,042 Cleaning Rèpaws grKI m8lnténBnctr prtnling. pollagè and Ètabonoty Teleptr￿n¢ Leg¥1 proFessiDn unt3nw Sundry expBnsb DÈpwL*tsDn tn FFa Equipnent 13 1,B35 1.357 .1,800 I.IM7 1.373 1,500 1,800 1.0 1..(M)5 5A7 52.136 io T3nglble Flxed AssAts LEnd arid LwJlldln95 fro•hold Fix￿1 FIttFngs and 4qt¢lwrtèht Total COST B￿Ughtf0[W&rd Addit￿n5 CatTied Ttxwatd 16.842 ts71,￿3 COST BTOU9hl foryyard Addition5 Carried forward 3,628 1.'005 14,633 18.6ZB I.LK15 I4,￿3 MFf BOOKVALUE AS al 81 Oecember 2024 As ai 31'Decemter 2023 654511 654.511 2,209 656.720 65T,725 CTedttovs.' AmaLmts fallln9 du& Y411hln on¥y￿r 202Y124 20#N23 Accru3L% and defènèd inetsm& 1.8(K) 1,300 1,500 1.5QO 10 Fund8 t)IOVtfvnt ETought mdrd Income Expe#￿￿t￿e Tran51er5 Carrt•d farwArd FUND& ¢URRENT YEAR AnpJysi8 ol unrestricted funds mtsvernenl Gon¢r8J funds 700.858 118,730 69.060 750,628 An?Iysls of resfrietprf fvnds movemerrt Resir￿tE¢ lurNJ$ Summaryef Funds- Currenly•ar 70D,858 It8,730 89.080 750,528 FUND& PRIOR YEAR Analysls of unreFITl¢ted liinds Movement eralfuthds 674,548 97.S8T 71,2n 71NJ.858 Anftlysls of re•lri¢trd mDvernpnt Summary of Fund&- Prioryear 674,548 97,587 71277 700.856