2021-03-31-accounts - The United Kingdom Turkish Islamic Cultural Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees	Hilmi Sahin
	Osman Kocak
	Musa Kara bay
	Mr Halil Dalkir
	Mr Ismail Sik
Charity number	287349
Principal address	212-216 Kingsland		Road
	London
	UK
	E2 8AX
Auditor	Munir Tatar &Associates
	32 Willoughby	Road
	London
	N8 OJG
Bankers	Bardays Bank	PLC
	128 Moorgate
	London
	EC2M 6SX
Solicitors	R.W.Anderson	8	Co
	18Great Podland		Street
	London
	W1W 8QR

		Page
Trustees' report		1-3
Statement oftrustees'	responsibilities
Independent auditor's	report	5-7
Statement offinancial	activities
Balance sheet
Statement ofcash flows		10
Notes to the financial	statements	11 - 23

						Unresbicted	Unrestricted
						funds	funds
Income and	endowments			from	Notes	2021 f	2020
Donations and legacies Other trading activities Investments					3 4	243,314 22,791	546,936 18,017
Other income					5	45,904	61,354
					6	2,811	2,478
Total income
						314,820	628,785
~E* dtt
Raising funds
						251	19,398
Charitable activities
					8	292,470	425,102
Other
					14	11,161	7,905
Totalresources		expended				303,882	452,405
Net incoming	resources					10,938	176,380
Other recognised gains and losses
Revaluation of	tangible		fixed	assets	16		39,495,433
Net movement		in funds
						10,938	39,671,813
Fund balances		at 1 April	2020
As originally reported Prior year adjustment As restated						37,385,485 4,113,059	5,939,789
						41,498,544	5,939,789
Fund balances		at 31 March		2021		45,622,541	45,611,602

			2021	2020
		Notes	F	6
Fixed assets Tangible assets		17	45,715,833	45,716,926
Current assets Debtors Cash at bank and in hand		18	104,260 164,815	125,941 115,662
			269,075	241,603
Creditors: amounts one year	falling due within	20	(91,345)	(106,808)
Net current assets			177,730	134,795
Total assets less current liabilities			45,893,563	45,851,721
Creditors: amounts more than one year	falling due after	21	(271,022)	(240,119)
Net assets			45,622,541	45,611,602
Income funds
~Il t i t d ~ d General unrestricted Revaluation reserve	funds		45,622,541	6,116,169 39,495,433
			45,622,541	45,611,602
			45 622 541	45,611,602

					Notes	2021 f		2020 5
Cash flows from operating activities
Cash (absorbed by)/generated		from			24
operations							(4,966)		103,730
Investing activities
Purchase oftangible fixed assets Investment income received						(22,690) 45,904		(53,200) 61,354
Net cash generated from activities	investing
							23,214		8,154
Financing activities
Repayment of borrowings Repayment of bank loans						30,903		(2,970) (49,517)
Net cash generated from/(used financing activities		in)					30,903		(52,487)
Net increase In cash and	cash	equivalents					49,151		59,397
Cash and cash equivalents	at beginning			ofyear			115,617		56,220
Cash and cash equivalents	at	end	of	year			164,770		115,617
Relating to:
Cash at bank and in hand Bank overdrails included in within one year	creditors		payable				164,815 (45)		115,662 (45)

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		f	f
Donations Government	and gifts grants	123,147 120,167	546,936
		243,314	546,936

4	Other trading	activities
			Unrestricted	Unrestricted
			funds	funds
			2021f	2020
	Fundraising	events	22,791	18,017
5	Investments
			Unrestricted	Unrestricted
			funds	funds
			2021f	2020f
	Rental income		45,904	61,308 46
	Interest receivable
			45,904	61,354
6	Other income

6	Other income
				Unrestricted	Unrestricted
				funds	funds
				2021f	2020f
	Other income			2,811	2,478
7	Raising funds
				Unrestricted	Unrestricted
				funds	funds
				2021f	2020 f
	Fundraisin and Advertising Other fundraising		ublici costs	251	11,105 8,293
	Fundraising	and	publicity	251	19,398
				251	19,398

	Charitable	Charitable
	Expenditure	Expenditure
	Heading 1	Heading 1
	202'I	2020
	f	f
Staff costs
Depreciation and impairment Food and hospice aid Rent rates and water	142,946 18,014 5,814	152,310 13,953 26,197
Repairs maintenance and renewals Light heat and energy Insurance	16,022 6,596 30,158	18,143 17,388 42,676
Cleaning and waste disposal Printing postage and stationery Telephonic communications Motor running expenses Travelling costs	3,482 1,231 16,868 5,123 6,664	1,734 4,346 39,085 5,101 22,974
Sundry expenses Bank charges Training expenses Computer related costs	1,286 5,490 488 1,260 2,900	18,590 454 1,824 1,425 5,287
	264,342	371,487
Grant funding of activities (see note 9) Share ofgovernance costs (see note 10)	9,841 18,287	47,463 6,152
	292,470	425,102

		Charitable	Charitable
		Expenditure	Expenditure
		Heading 1	Heading 1
		2021	2020
		8	f
Grants to institutions:
Great central donation BPP Seven Hills Educational Trust Suleymaniye Islamic Funeral S Humanitarian Tru rhyl RHYL education	Services	150 50 4,000 1,090
Wood green faith community Other	centre	680 3,871
			47,463
		9,841	47,463

10	Support costs		Support	Governance	2021	2020
			costs	costs
			E	E	E	E
	Audit fess Accountancy Legal and professional			6,000 6,000 6,287	6,000 6,000 6,287	4,970 1,182
				18,287	18,287	6,152
	Analysed between Charitable activities			18,287	18,287	6,152
	Governance costs includes payments		to the auditors ofE6,000 (2020-	E4,970)for audit fees.
11	Net movement in funds				2021 E	2020 E
	Net movement in funds is stated	after	charging/(crediting)
	Fees payable to the company's auditor for the audit ofthe company's statements Depreciation of owned tangible fixed assets Loss on disposal oftangible fixed assets			financial	6,000 18,014 5,768	4,970 13,953

	2021	2020
	Number	Number
	4	4
Administration Clergy and teachers	14	14
	18	18
Total

Employees
			(Continued)
Employment	costs
		2021	2020
		f	f
Wages and salaries
Social security	costs	141,629	145,073
Other pension	costs	1,317	1,632 5,605
		142,946	152,310

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
Net loss Financing	on disposal oftamgible costs	fixed assets	5,768
			5,393	7,905
			11,161	7,905

Revaluation	offixed	assets
				Total	Unrestricted
					funds
				2021	2020
				f	f
Revaluation	oftangible	fixed	assets		(39,495,433)

Tangible fixed assets	Freehold	Library	Plant and Motor	vehicles	Total
	bugdlngsf		machineryf	f
Cost At 1 April 2020 Additions Disposals Revaluation (prior year adjustment)	45,600,000 3,266,387	62,206	456,274	13,088 22,690 (13,088)	46,131,568 22,690 (13,088) 3,266,387
At 31 March 2021	48,866,387	62,206	456,274	22,690	49,407,557
Depreciation and impairment At 1 April 2020 Depreciation charged in the year Eliminated in respect of disposals Revaluation (prior year adjustment)	4,113,059 (846,672)	54,147 806	351,734 10,454	8,763 6,754 (7,321)	4,527,703 18,014 (7,321) (846,672)
At 31 March 2021	3,266,387	54,953	362,188	8,196	3,691,724
Carrying amount At 31 March 2021	45,600,000	7,253	94,086	14,494	45,715,833
At 31 March 2020	45,600,000	8,059	104,541	4,325	45,716,926

Debtors	Debtors
Amounts falling due within one year:		2021 E	2020 f
Trade debtors
Other debtors		12,715
Prepayments	and accrued income	91,545	116,691
			9,250
		104,260	125,941

				2021	2020
				E	E
Bank overdrafts
Bank loans				45	45
				321,489	290,586
				321,534	290,631
Payable within one year Payable after one year				50,512 271,022	50,512 240,119
Amounts included	above which	fall due after five years;
Payable by instalments				(271,022)	(240,119)
Creditors: amounts falling due within one year
			Notes	2021f	2020 E
Bank loans and overdrafts Other taxation and social security Trade creditors			19	50,512 10,839	50,512 23,306
Other creditors				23,000	12,000
Accruals and deferred income				6,994	2,015
					18,975
				91,345	106,808

21	Creditors: amounts	one year		2021	2020
			Notes		8
	Bank loans		19	271,022	240,119
22	Analysis of net assets between funds			Unrestricted	Unrestricted
				funds	funds
				2021	2020
				5	F
	Fund balances at 31 March 2021 are represented Tangible assets Current assets/(liabilities) Long term liabilities	by:		45,715,833 177,730 (271,022)	45,716,926 134,795 (240,119)
				45,622,541	45,611,602

Cash generated from operations			2021 0	2020 5
Surplus for the year			10,938	176,380
Adjustments for: investment income recognised in statement offinancial Loss on disposal oftangible fixed assets Depreciation and impairment oftangible fixed assets		activities	(45,904) 5,768 18,014	(61,354) 13,953
Movements in working capital: Decrease/(increase) in debtors (Decrease) in creditors			21,681 (15,463)	(16,566) (8,683)
Cash (absorbed by)/generated	from operations		(4,966)	103,730

Analy	sis ofchanges in net (debt)/funds
		At 1April 2020 f	Cash nowsAt 31 Iaarch 2021 f f
Cash Bank	at bank and in hend overdrafts	115,662	49,153	164,815
		(45)		(45)
		115,617	49,153	164,770
Loans Loans	falling due within one year falling due after more than one year	(50,467) (240,119)	(30,903)	(50,467) (271,022)
		(174,969)	18,250	(156,719)

		At	31 March 2020
		As previously	Adjustment	As restated
		reported
Goodwill		f	f	f
Other intangibles
Tangible assets Heritage assets		41,603,867	4,113,059	45,716,926
Income funds
Restricted funds
Unrestricted funds		41,498,543	4,113,059	45,611,602
	Total equity	41,498,543	4,113,059	45,611,602

Changes	to the	balance sheet
			At	31 March 2020
			As previously	Adjustment	As	restated
			reported
Changes	to the profit and loss account		Period ended 31 March		2020
			As previously	Adjustment	As	restated
			reported 6	6		f
Charitable	activities		1,271,774	(846,672)		425,102
Revs!uation of		fixed assets	36,229,046	3,266,387	39,495,433
Net movement		in funds	35,558,754	4,113,059	39,671,813