TURKISH EDUCATION FOUNDATION UK
TEV UK makes grants to support, improve the quality of and access to education for young Turks who are academically able but in need of financial assistance.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a net expenditure of £46,554, resulting in total unrestricted reserves of £321,704. This figure is above the trustees' stated policy target of holding around £250,000 in free reserves. The independent examiner confirmed that no material matters were found that would cast doubt on the accounts or the charity's compliance with accounting records.
What the accounts disclose
“Income for the year was £124,697 (2023: £280,421) which was generated from corporate and individual donations and from fundraising events.”
“The charity’s policy is to hold around £250,000 as free reserves (unrestricted general funds less net book value of fixed assets); a sum deemed by the trustees to be appropriate in the light of the commitments of the charity and other uncertainties.”
Funders the charity credits
- Cambridge Trust
- Imperial College London
Trustees
- Sait Ergun Ozenchair
- Dalinc Ariburnu
- Sezai Emin Taskent
- Sule Arinc
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £125k | £171k |
| 31/12/2023 | £280k | £167k |
| 31/12/2022 | £313k | £118k |
| 31/12/2021 | £131k | £71k |
Common questions
Is TURKISH EDUCATION FOUNDATION UK financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with a net expenditure of £46,554, resulting in total unrestricted reserves of £321,704. This figure is above the trustees' stated policy target of holding around £250,000 in free reserves. The independent examiner confirmed that no material matters were found that would cast doubt on the accounts or the charity's compliance with accounting records. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SF FOUNDATION | 1 | £445k |
| FRIENDS OF WMSBG-KOLEL DAMESEK ELIEZER | 1 | £181k |
| GERSON BERGER ASSOCIATION LIMITED | 1 | £180k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS PRESTON ON TEES | 1 | £153k |
| WISEHEIGHTS LIMITED | 1 | £115k |
| SHULEM B. ASSOCIATION LIMITED | 1 | £105k |
| CINVEN FOUNDATION | 1 | £100k |
| OLLINGHAM LIMITED | 1 | £100k |
Charities like this
- TURKEN FOUNDATION UK
- UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION
- TURKISH RELIGIOUS FOUNDATION OF THE UNITED KINGDOM
- TEES VALLEY YOUTH FOR CHRIST
- TURKISH CYPRIOT WOMEN'S PROJECT
- TURKEY MOZAIK FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TURKISH EDUCATION FOUNDATION UK | £125k | — | 0 | unclear | — | no doubt |
| TURKEN FOUNDATION UK | £266k | — | — | unclear | — | no doubt |
| UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION | £292k | — | 0 | unclear | — | no doubt |
| TURKISH RELIGIOUS FOUNDATION OF THE UNITED KINGDOM | £316k | — | 0 | unclear | — | no doubt |
| TEES VALLEY YOUTH FOR CHRIST | £157k | — | 0 | above | — | no doubt |
| TURKISH CYPRIOT WOMEN'S PROJECT | £116k | — | 0 | below | — | no doubt |