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 

**- 3 -** 



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-