UNITED KINGDOM TURKISH ISiAMIC TrUST REGISTEREDCHARITY NO. 275829 TRUSTEES REPORT AND FINANCIAI sfATEME 1ST APRIL 2023- 31ST MARCH 2024
iINITED KINGDOM TLIRKISH ISLAMIC TRUST CHARITY NUMBER: 275829 Report of the Trustees Statement of Trustees Responsibilities Independent Examlners Report Statement of Financial Activities (including income and expenditure account) Balance Sheet Notes to the Financial Statements Oetailed Income and Expenditure Account 6-8
UNITEDKINGDOM TURKISII ISLAPAIC TRUST REPORT QFTHE TRU5TEE50F UNITED KINGDOM TURKISH ICTRLIS TheTrustees Submit Iheii ann1 reportand the Iinantial ststementsfor the accountin8 year ended 315t March 2024. The Tru5tee5 have adopted the provisions of thestatemeni of Recommended Pratti¢E 2015 ISORPI applicable to charrtie5 preparivg thplr颢ounts in accordance with the Flnancial Reporting sgènd3rdlÈttÈctive january 201SI in piepailng the annual reportand linancial stètement5 01 the chanry. REFERENCEANDADMINISTRATIVEOETAILS Charity Numbei.. 275829 TRUSTEESOFTHE CHARrrY Erkin Gunev Chairman Kamil Uszèkiewiti TIu5teE 5uheyla Gunev JaLle Gvney Ramadan Gunev GDnul Guney Eren Abdull -TruStee -Trustee .Trusree -Tru5tpe - Trusiee PRINCIPALADORESS g-1$ Shockwcll L8nC 1140EPEN(*NT EXAMINER Ff.4 IX Iv¥1]iK tkll AvLYiiie. elon. IlarKTrM. 11.4) (IN8 STrUCfURE. GQVERNAP4CE AND MAMAGEMENT GOVERNING DOCUMENT The charity 15 controlled byits 8overnin8thtumeThL a trusldeed, and ¢onstitutes n nirOrpOrated charity. RISKMANAGEMENT The trustees haye a dutyiQ identify revlew the risks to whlch the charity Is e¥DosÈd And to ensuré XODfoOriate tontrols Hre iffl DIHce to Drovide rexson?ble The tru5tee5 are 5at15fied thai the measuie5 in place are adequate and approprlaie to enable effettive l¢eAtifl¢atl¢nand man¥gemeD¢of rTraterial ri5k5 facin8 ihe charity. OBIECnVESAND ACTMTrES OFThÉ CHAAITr ThÈoble¢Uves and artilIeS of the charity are to advancethe rel10 bythe and seminars. Thecharity also endeavours to Èstablish relieiousand culiural tie5 with othei communiiies. The ilustees meet re8ulafl¥and feel that the trust IS dmin15tered effeftivelytoachieve its objectives. ed derof the board of trusteeson 18 Nmber 2024and signed on it5 beha Chaliman P38e I
UNITED KINGOOM TURKISH ISLAMIC TRUST TATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustee5 are re5pon5ible for preparing the annual report and the financial Statements in accordance with applicable law and regulations. The law applicable to charities in England and Wales requlres the Trustees tcs prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming iesources and application of resourtès of the charity for that period. Under that law, Ihe Trustee5 have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accountlng Standards and applicable lawl. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them con515tently- observe the method5 and principle5 in the Charities SORP.. make judgments and accounting estimates that are reasonable and prudent-, have due regard to public benefit guidance published by the Commission as required by section 17151 of the Charitie5 Act 2011; prepare the financial statement5 on a goin8 concern basis L¢nle55 It is inappropriate to presume that the charitable company wi11 continue in busines5. The Trustees are responsible lor keeping adequate accounting record5 that are sufficient to show and explain the charitable ¢ompany'5 transactions and disclose with reasonable accuracy at any tiwne the financial position of the charitable company and enable them to ensu that the financial Statements comply with the Charities Act 2011, the applicable Charitiès (Accounts and Report51 Regulations, and the provision of the Trust deed. They are a150 responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. So far as each of the Trustees are aware at the tifne the report is approved there is no relevant information of which the charitable company's examiners are unaware.. and the Trustees have taken all Steps that they ou8ht to have taken to make themselves aware of any relevant such information and to establish that the examiners are aware of that information. Approved by the Board on.. 18 November 2024 And5 on their behalf.. rkln Gun Chair of the Board of Trustees Page 2
Inde endent examiner's re ort to the trustees of United Kin dom Turklsh Islamlc Trus I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages 1-9. Respective re5ponslbllltles of trustees and examlner The trustee5 are responsible for the pparatIOn C*f the accounts. The trustees consider that an audit 15 not required for this period under section 144121 of the Charities Att 2011 (the 2011 Act) and that an independent examination is needed. The charity'5 gr055 income did not exceed £250,000 and l am qualifi2d to undertake the examination by being a qualified member of The Institute of Chartered Accountant5 in England and Wale5. Havin8 satisfied rnysell that the charitv 15 not subject to audit under company law and 15 eligible lor independent examination, it is rny responsibility to.. examine the accounts under section 145 of the 2011 Att.. to follow the procedures laid down in the general Directions given by the Charity Commission under settion 1451Sllbl of the 2011 Act; and to state whether particular matters have come to my attentlon. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includos 3 review of the accounting records kept by the charity and a comparison of the accounts presented with those rerords. It a150 include5 ion5ider3tion of any unusual iterHs Dr di5I105ure5 in the Bccounts, and seeking explanations from you as ttustees 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 linited to those matters Set out in the statement below. Independent examiner's Statement In connection with tny examination, rkQ matter has come to my attention.. I l ) which Rives me reasonable cause to believe that in any material respert the requirements.. to keep accounting records in accordance with the Charity'5 Act 2011,. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of that Act and with the methods and principles of the Statement of Recommended Practlce: Accountlng and Reportlng by Charities have not been met.. or 121 io which. in my opinion, attention Should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Mr Paul Ross Relevant professlonal quallflcatlon or body: The Institute of Chartered Accountants in England and Wales Address: 18 Woodcock Dell Avenue, Kenton, Harrow. Middlesex, HA3 ONS Date., 18 November 2024 Paee 3
UNITED KINGOOM TURKISH ISiAMIC TRUST EMENT OF FINANCIAL AcfiviTIES INCLUDING INC FOR THE YEAR ENDED 31 MARCH 2024 ME AND EXPENDITURE ACCOU nrestrl funds 2024 nrestrl ed fund5 2023 Notes Incoffle and endowments from,. Donations and legacies 76,326 36,559 Total 76,326 36,559 Expendlture on: Charitable activbties: C05t5 of generating voluntary income General activity costs Governance costs 53,623 4,030 7SO 23,705 7,364 2,684 Total 58,403 33,753 Net movement in funds 17,923 2.806 Reconciliati<>n of fuTrds: Total fund5 brought forward 4,302 1.496 Total funds carr d forward 22.225 4,302 Page 4
UNITED KINGDOMTURKISH ISLAMICTRUSr Staiement ol Flnandal Posltlon At 31sE March 2024 Fl¥d as50ts Tan@b assets Cwrent a55ets Cash Ht bank ond in hand 2Z,975 5.052 22.975 5.051 Credltors.. amounts lalllngdue withln one year 17501 17501 NEt currint Its Z2.IZ5 4,302 Ttytsi ass¢ts le55current liabilities 21225 4302 Funds Unrestrltted fvr 22.22S 4302 Total fvrKb carrled forw4rd 22,Z25 For the financial yearended 31st March 2024 the company wa5 enriiledto exempti¢n from audit under the provlslons ol the Charity'sAct ZOII and that noTrustee has requested an audft. The trustees acknDwledEe their responslbllitles lortomplyinE wlth the requirements of the Charivs Act 2011 wlth respectto ¥Kcountin¥ Tecords and the preparation of financial statements. Approved by the Trustees on 18 November 2024 and s4gned on thelr behalf by.. EIn Guney-Chalmian-Truste¢ The note5 on p4ges 6 to 8 form part of these finanoal statements. Page 5
UNITED KINGOOM TUIIKISH ISLAM TRUST Notes to the finala1 accountsforthe earended 31st March 2024 l. AcctyJniin8 PDlicles The principal accDuntinE policies are set out below. The accounting policies have been adopted con5i5tently throuBhout the year. al 8asls of accountlr The financial statements have been prepared Tr accordBnce with Actounting and Reporting by Charities.. Statement Of Recommended Practice applicable to rh3ritieg preparin8 their acrount5 in a¢cordante with the Financi31 Reportln8 Standard applicable in the UK and Republic of Ireland IFRS L021 leffectivÈ i January 20151- Charitle5 SORP IFRS10211. bl GolngCotKem The Trustees have considered a period of more than 12 months from the si8ning of these financial 5tarements and are of the view that funding Is sufficient for the Charity to continue its operations until 31 least this time. The Trustees therefore feel the Ch3rity is a going concern and as such the financial Statements have been prepared OTh this basis. cl Income Incoffle is recogni5ed when the charity ha5 entitlernent to the fund5, any performance conditions attached to the incotne havE been met, it is probable that the incDmE will be received and the amDuni can be measured reliably. dl Exptfidbture Expendlture 15 reco8ni5ed once there is a legal or constructive obli8atlon to make a payment to a third party, it Is probable that settlemenl will be reguired and the èmount of the obli8ation can be rneasured relièbly. Irrecoverable VAT is charged as a cost against the activity for which the expenditure wa5 incurred. ExpÈnditure is tla551fied under the following artivity heading5'. Cost of raSsin8 funds.. Cost5 relatin8 to tendering for gr3nt5. Expenditure on charitable activitles.. Costs Incurred In undertaklng actlvities to fvrther the purpose5 Of the tharity and related 5UPPOrt costs. Other expenditure: Any costs not included in ether headinES, Including Eovern3nce costs. el Fund structure The fund5 held by the charity are either.. ilnrestricted funds are funds which can be used in accordance wlth the tharitable objectfjves at the discretion of the trustee5 Restricted funds are lunds which are used in accordance wlth the specific resirittsons Imposed by the donor. Page 6
VNITED NGlmTv15M 15L14MKIRU5T aciount5 lor th ear enttÈd 3 2024 cont L AUOuntpoIe5 l) Tan8lbleflxed 15xtsaTrddEprEdatlDn DepreciatlOD ispfJvhd on c05t iTrequal annual in5talrrentsoverthe estlmated useful N¥esof thea5sets. The rate5 01 depreclatlon area5 follow5.' Hxtures, liltinand equlpment-25%on ie4wln8 balance Debtors Trade andother Debtor5 are iecoen15ed at theirsettlernentvalue. Prèpayments af* ¥alued at the amDunt calculated as being prepaid. hl Credltois Cieditor5are reco8nised whereihecharityhas a presenrvbliytioTr resultin party and the amountdueto 5ettlE thEobligation can tse rnea5ufEd reliably. Credltor5are recognI5atthhr5etyrnQntYa1Ue. 11 FinwKi•l ThE Charity Dntyfva5fin3l3IaSsEt5 and liabltIes0Ia nd that qualify a5 reco8nised at tr•nsacU value and Subseouentlymeèsured at thelr 5ettlernentvalue. l Taxatlon ¢h4rty isexempt from e0rpDrationtaX it5 chantal)aCwItIeS. 2. t4)sts of pnoratln¥¥duntsrylncorn Reniènd rates 6.935 I,SE7 36,318 6,030 243 330 2.192 1,158 12.5 5,122 196 1,302 135 Liiht and heat TÉ4Éphone, IT and d18 5undrie5 Coteen event ryen5e5 Adverrising 53.623 23,70S l. fjeTrEral4¢thltVW5ts Repairs to property and fixtu$ SÈiufity3nd taretakèr SÈrli@S General donatlQn5 and support 2.185 1.619 216 4.030 954 5.410 7,364 Page 7
UNITED KINGDOM TURKISH ISLAMICTRUST Note5 tD the f¢nanciHI accounts for the ear ended 315t March 2024 ontlnupd 4. TANGIBLE FIXED ASSETS Flxtures & Flttl Total Cost Brought forward and carried forv4ard 17,180 17,180 BrouBht forward 17.180 17.180 Charge for the year 17,180 17,180 Net Book Value At 31 March 2024 At 31 March 2023 5. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 750 750 6. MOVEMENT IN FUNDS oi- r-2023 Illovemerrt 31-Mar-2024 Unrestrleted funds General fund 4.302 17.923 22,225 Net movement in funds, included in the above are as follows.. In¢omln Resources Resourtes ended Movement in funds Unrestrr¢ted fund5 General fund 76,326 58,403 17,923 . RELATED PAR TRANSACTIONS No trustees or persons connetted with thern ceiVed any emoluments or expenses in their role as Irustees12023- nill. P3ge 8
UNITED KINGDOM TURKISH ISLAMIC TRUST DETAILED STATEMENT OF FINANCIALACTIVITIE5 FOR THE YEAR TO 31 MARCH 2024 Year to Year to 31-Mar-23 31-Mar-24 Incomln Resources Voluntary Income Donatlons 76,326 36,559 Total incomin resources 76.326 36,559 Resources Ex nded Costs of generatlng volunt•ry Income Rent and rates Insurance Light and heat Telephone, IT and web deslgn Sundries Motor and travelling Canteen and event expenses Advertising 6.935 2,587 36.318 6.030 243 330 2,192 2.258 12.5QO 5,122 196 1.302 135 500 680 53.623 23,705 Charitable activities Oonation5 and support 216 5,410 Governance costs Accountancy Legal and professSonal 750 750 1,934 2.684 750 Support costs Security and caretaker services Repair5 to property and fixtures 1,629 2,185 3,814 1,000 954 1,954 Total Resources ex nded 58,403 33,753 Net Income 17.923 2,806 Page 9