TURKISH CYPRIOT CULTURAL ASSOCIATION
Accounts
31 March 2024
TURKISH CYPRIOT CULTURAL ASSOCIATION
Approval statement
I approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Hurkan Sayman & Co with all information and explanations necessary for their compilation.
Turker Chakici
12 February 2025
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TURKISH CYPRIOT CULTURAL ASSOCIATION
Accountants' report on the unaudited accounts to TURKISH CYPRIOT CULTURAL ASSOCIATION
You have approved the accounts for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.
Hurkan Sayman & Co Chartered Accountants
291 Green Lanes Palmers Green London N13 4XS
12 February 2025
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TURKISH CYPRIOT CULTURAL ASSOCIATION Profit and Loss Account for the year ended 31 March 2024
| Sales Expenses Wages, salaries and other staff costs Rent, rates, power and insurance costs Repairs and renewals of property and equipment Telephone, fax, stationery and other office costs Bank, credit card and other finance charges Depreciation and loss/(profit) on sale Other business expenses (Loss)/profit |
2024 £ 16,823 15,633 2,062 711 1,292 37 - 16,475 36,210 (19,387) |
2023 £ 56,637 22,398 2,497 4,272 1,286 - 3,140 13,633 47,226 9,411 |
|---|---|---|
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TURKISH CYPRIOT CULTURAL ASSOCIATION Balance Sheet as at 31 March 2024
| Notes Fixed assets Equipment and machinery 3 Current assets Bank/building society balances Cash in hand Net current assets Net assets Total funds of the charity Balance at start of period Net (loss)/profit |
3,039 4 3,043 |
2024 £ 2 3,043 3,045 22,432 (19,387) 3,045 |
22,426 4 22,430 |
2023 £ 2 22,430 22,432 13,021 9,411 22,432 |
|---|---|---|---|---|
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TURKISH CYPRIOT CULTURAL ASSOCIATION Notes to the Accounts for the year ended 31 March 2024
1 Accounting basis
The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return.
2 Profit and loss account analysis
| Sales Sales Hall Hire Fee Grants Fees Receivable Donation Wages, salaries and other staff costs Wages and salaries Admin Oficer fees Staff training and welfare Rent, rates, power and insurance costs Rates Light and heat Repairs and renewals of property and equipment Repairs and maintenance Telephone, fax, stationery and other office costs Telephone and fax Stationery and printing Other insurance costs Bank, credit card and other finance charges Bank charges |
2024 £ 1 1 12,973 3,265 583 16,823 1,732 13,811 90 15,633 191 1,871 2,062 711 513 7 772 1,292 37 |
2023 £ - - 54,438 1,599 600 56,637 9,391 13,007 - 22,398 162 2,335 2,497 4,272 379 - 907 1,286 - |
|---|---|---|
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TURKISH CYPRIOT CULTURAL ASSOCIATION Notes to the Accounts for the year ended 31 March 2024
| Depreciation and loss/(profit) on sale Depreciations Other business expenses Donations |
- 16,475 |
3,140 13,633 |
|---|---|---|
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TURKISH CYPRIOT CULTURAL ASSOCIATION Notes to the Accounts for the year ended 31 March 2024
3 Plant, machinery and motor vehicles
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 |
Plant and machinery £ 7,300 - 7,300 7,299 1,774 9,073 (1,773) 1 |
Spare £ 4,240 1,366 5,606 2,465 1,366 3,831 1,775 1,775 |
Total £ 11,540 1,366 12,906 9,764 3,140 12,904 2 1,776 |
|---|---|---|---|
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