2021-12-31-accounts

Charity registration number 281670 UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Chalmian Mr Sinan Zortu Vlce Chalmian Mr Bekir Tezgel TresureTS Mr Ahmet Tekneci Mr Muslafa Nalbanl Trustees Mr M Nalbanl Mr E B Tezgel Mr S Zodu Mr H Camuz Mr S Baltan Mr A Tekneci MrAGu¢ Charity nurnber 281S70 Secretary Mr Hakan Camuz Independent Examiner KLSALLP Chartered Accountants Kalamu House 11 Coldbalh Square London EC1R 5HL Bankers Barclays Bank Pl¢ Kingsland Branch 3-5 Kingsland High Street London E8 2JT Prlnclpal ad(Iress 117-119 Stoke Ne¥hringlon Road London N16 8BU

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION CONTENTS Page Trustees, report Independent examinerfs report statement of financial activities Balance sheet Notes lo the financial ststemenls 6-10

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees present their annual report and financial statements for the year ended 31 December 2021. The accounts have been prepared in accordance with the accounting Policies sel out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charitie5 preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" {as amended for accounting periods commencing from 1 January 20161 Objectives and activities The principal object of the Trust as described in the Trust Deed is to provide a Pla￿ lo worship and facilities for education and religious studies for Muslims. It also endeavours to help those in need. Financial review The Stslement of Financial Activities is set out on page 4 of the financial ststemenls in detail. A substantial proportion of the income of the charity was by way of donations which amounted to £51,045. This year the charity also re￿iVed income from providing funeral services which amounted to £127,585. Rents received of £52,500 during the year comprisès rent received from the shop al the front of the main building and from halal butchers, grocers and a restaurant serving halal food in the basement. The lulor's fees of £26,233 (net of Employer's Nll were paid lo religious teachers for leaching the Quran and for performing other religious aclivilies. The insurance payment of £3,543 consists of premiums for the building and contents of the mosque situated al 117-119 stoke Newinglon Road, London, N16 8BU and also in respect of employees and public liability. The Printing, Postage and Stationery payment of £1,265 is in respect of printing, postages and stationary which include the printing of time tables for prayers. The Repairs & maintenan￿ payment of £2,462 is in respect of the repairs of the building. 11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent lo between three and six month's expenditure. The Iruslees consider that reserves at this level will ensure that. in the event of a significant drop in funding. they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reseNes has been maintained throughout the year. The trustees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure. governance and management The United Kingdom Turkish Islamic Assoaalion Trust is consliluled under a Trust Deed in 1979 and the registered number of the charity Is 281670. Movement of Fixed The movements fixed assets during the yearare sel out note 10 to the financial statements. Assets Trustees training and recruitment Vvhen appointing new Trustees lo the charity, the Board of Trustees consider the skills, knowledge and experience of the individual in making the appoinlmenl. All Trustees have been allocated an area of responsibility, which, where possible, is in accordance with their skills and experience.

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Risk Management The trusteès have assessed the major risks to which the charity might be exposed, in particular those related to the operation and finances of the trust, and are satisfied that the systems are in place lo mitigate our exposure to those risks. In addition, the trustees will Consider the guidance for directors of public listed companies contained within the TLJrnbull Report of 1999. Although this is not mandatory for the charity, it should. as a public interest body, adopt the guidelines as best practice. Reserves policy The Iruslees aim is to maintsin free reserves in unreslricled funds al a level which equates to approximately three months of unrestri¢ted charitable expenditure. The balance held as unrestricted funds at 31 December 2021 was £1,387,69212020: £1,364,463). The trustees, report was approved by the Board of Trustees. Mr S Zorlu Trustee Dated.. 19 May 2023

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION

I report to the trustees on my examination of the financial statements of United Kingdom Turkish Islamic Association (the charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Basis of Independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 seeking 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 next statement.

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 that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 financial statements to be reached.

Harsheel Dodhia FCCA KLSA LLP Chartered Accountants Kalamu House 11 Coldbath Square London EC1R 5HL

Dated: 19 May 2023

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UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestrlcted Unrestrlcted funds funds 2021 2020 Notes Income from: Donations and legacies Commercial activities 75,010 180.085 90,569 154,198 Total Income 255.095 244,767 Ex enditure on- Charitable activities 231.866 230,167 Net income for the yearl Net movement in funds 23,229 14,600 Fund balances al 1 January 2021 1,364,463 1,349,864 Fund balances at 31 December 2021 1,387,692 1,364,464 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies.

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION BALANCE SHEET ASAT31 DECEMBER 2021 2021 2020 Notes Flxed assets Tangible assets 10 1,127,030 1,162,877 Curr&nt assets Debtors Cash at bank and in hand 11 11,245 257,954 527 224,888 269,199 225,415 Credltors: amounts falllng due wlthln one year 12 18,5371 123,8281 Net current assets 260,662 201,587 Total assets less current liabilities 1,387,692 1,364,464 Income funds Unrestricted funds 1,387,892 1,364,464 1,387,692 1,364,464 The financial stslemenls We￿ approved by the Trustees on 19 May 2023 Mr S Zoilu Trustee

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting policies Charity inforniation United Kingdom Turkish Islamic Association is a charity registered in England and Wales. The charity number is 281670 and ils, address is 117-119 Stoke Newinglon Road, London, N16 8BU 1.1 Accounting convention The financial statements have been prepared in accordance with the Charity's Igoverning documenll. the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. {"FRS 102.1 and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantsge of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial slalements are prepared in slet1ing, which is the functional currency of the charity. Monetsry amounts in these financial ststemenls are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, Imodified lo include the revaluation of freehold properties and lo include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expedation that the charity has adequate reSoUr￿S to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 1.4 Incoming resources Income is recognised when the charity is legally enliued to it after any performan￿ condity'ons have been mel, the amounts can be measured reliably. and it is probable that income will be received. 1.5 Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. ￿ere costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consistent with the use of reSoUr￿s. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, nel of depreciation and any impaimient losses. Depreaalion is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Freehold imprDvements Fixtures and fittings 20k slraighl line basis 20A straight line basis 10°h reducing balance basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the Carrying value of the asset. and is recognised in the stslemenl of fi'nancial activities.

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles Icontlnuedl l assets costing more than £250 are capitslised at their historical cost. 1.7 Impalrment of flxgd a$$gts Al each reporting end dale, the charity reviews the carrying amounts of ils tangible assets to determine whether there is any Indication that those a55et5 have suffered an impairment 105s. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call wth banks, other short-temi liquid investments wlh original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wthin borrowings in current liabilities. 1.9 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temiination benefits are recognised imrnedialely as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide lerminalion benefits. 1.10 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.11 Fund accounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustees. 1.12 Taxatlon The charity is exempt from tax on its charitable activities. Crltl¢al accountlng gstlmatg$ and Judggmgnts In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the ¢arrying amount of assets and liabilities that are not readily apparent from other SoUr￿s. The estimates and associated assumptions are based on historical experien￿ and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and futurè periods. Key Sources of estimation uncertainty The estimates and assumptions which have a significant risk of causing a material adjustment lo the carrying amount of assets and liabilities are as follows. Useful economic lives of tangible assets Management reviews the useful lives and residual values of the tsngible assets on a regular basis. During the financial year, the directors determined no significant changes in the useful lives and residual values.

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Donations and legacies Unrestricted Unrestricted funds funds 2021 2020 Donations and gifts Coronavirus Job Retention Scherne Grant Membership fees 51,045 11,995 11,970 59,296 20,702 10,571 75,010 90,569 Charitable activities Charltsble Charltable Incomo Incomg 2021 2020 Sales within charitable activities Rental income Other income 127,585 52,500 107,828 45,000 1,370 180,085 154,198 Charitable activitie5 Charitsble Charitable Expenditure Expenditure 2021 2020 Stsff costs Depreciation and impaimienl Activrties undertaken directly 26,448 35,847 136,578 43.734 36,343 102,695 198,873 182,772 Share of support Costs (see note 61 Share of governance costs Isee note 61 32,831 162 46,657 738 231,866 230.167

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Support costs Support Governance costs costs 2021 Council tax and rates Insurance Light and heal Repairs and maintenance Telephone and intemel Food costs Printing, postage and sL91ionery Cleaning Sundry expenses 3,516 3,543 17,695 2,462 573 3,460 1,265 135 182 3,516 3,543 17,695 2,462 573 3,460 1,265 135 182 Accountancy fees 162 162 32,831 162 32,993 Analysed belween Charf(able activib'es 32,831 162 32.993 Governance costs includes payments lo the independent exarniner of £16212020- £7381. Truslee$ None of the trustees {or any persons connected with them) received any remuneration or benefits from the charity during the year. Employ99$ The average monthly number of employees during the year was.. 2021 Number 2020 Number Employment costs 2021 2020 Wages and salaries Social security costs Other pension costs 26.233 191 24 43,734 26,448 43,734 There were no employees whose annual remuneration was more than £60,000.

UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Taxation The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxalionof Chargeable GainsAcl 1992 to the extent that these are applied to its charitsble objects. 10 Tangible fixed assets Fro8hold land Fr8ehold Flxtures and and buildings improvements fittings Total Cost Al 1 January 2021 1,508,013 60,915 225,356 1,794,284 Al 31 December 2021 1,508,013 60,915 225,356 1,794,284 Depreciation and Impalrment Al 1 January 2021 Depreaalion Charged in the year 447,132 30,160 3,605 1,218 180,670 4,469 631,407 35,847 Al 31 December 2021 477,292 4,823 185,139 667,254 Carrying amount Al 31 December 2021 1,030,721 56,092 40,217 1,127,030 Al 31 December 2020 1,060,881 57,310 44,686 1,162,877 11 Debtors 2021 2020 Amounts falling due within one year: Trade debtors Prepayments and accrued income 10,988 257 527 11,245 527 12 Credltors: amounts falllng due wllhln one year 2021 2020 Other taxation and social security Trade creditors Accruals and deferred income 69 7,868 600 169 22,140 1,519 8,537 23,828 13 Related party transactions There were no disclosable related paty transactions during the year12020 - none). 10-