REGISTERED CHARITY NUMBER: 1084065 THE MANOUKIAN CHARITABLE FOUNDATION FI¢7] Statements for thèY¢8r Ended 31 D¢¢embtr 2023 X¢inadin Audit Limited (%aLicred AccounianLs 8nd Statutory Auditots Ni8hiingale House 46-48 East Street EpsDm Surrcy KT17 IHQ
THE MANOUKIAN CHARITABLE FOUNDATION Colltents of the Fi•aD£ixl Statements for th£ ytartttdtd 31 DecembEr 201J Page Report otthe Troste I to 3 Rtport of th¢ lJdepeMdentAuditor8 4 to 6 StsterDt of FaCIal Actlvltks BwlRllee Sheet C8sb Flow Stwtement Notrs tD tbe C8sh Flow St&temeDt io Notss tD thè FIth2nti Statth¢llts 11 to 16 Dttslled Ststemtntfjf Flnon¢i#lA¢tivitirs 17
THE MANOiJXJAN CHARTfABLE FOUNDATION Rtport of the Trn5tee5 for tht year ¢nded 31 DettbEr 2023 The (rustees prGsent their TEPDrt with the flljattcigl ststements of the tharity for thB yr ended 31 Deotmb¢r 2021. The tswstee5 h&ve &doptoa the provibi0Ths Df Accounting and Repoiing by Charities.. Ststement of R}mcDdcd PFactice Applicablc (o charities preparing their acUnts in accordat2¢¢ with the FittaDciAI RqM)rtinB Stand8tt1 appli¢&bl¢ in the UK and Republic of ItEland (FRS 102) leffeclive l J8nu4Ty 2019). QBJEcrtVES AND AcfIviTIFS Obthe¢tiYes gittt$ The Dbjects of fhe etharity are th¢ promotion of geneTa] eharitrdble purposes" the TIiistEe5 8iV¢ twlioular emplwi5 to projrtts with edIcal, educ2tion31 or ¢uliuTal aspects and those that ielatB to Amxnian matter& aIthou¥h they Consider applicatiotll tor other choritsblepurpose3. This policy is r¢ficcte<S in the type and level 0rdonl0 a5 di5c105ed in note 4 theAccounL8. GrantakIllg Requests forBr8nts ar¢ recdved through Jxrsonal CDntsctsofthe SettIoJ' and the Tru5tCCS. A5 5tatd abDve. application3 are cvnsidcted on thc basis Df wlwh¢r they meet the gencral aims of the FOation and the ature of the project eon¢erned. The Founddtion wlll consitsprovidin£ $tance to projeds thal may bc partIy funded by othcTs if thi5 will ¢able the project to Proceed. The Tjustees hav¢ tended Its 8iVE ater consideration to ¢ducationaI. ¢nvironmeTLtal and cultwal projts aswell those which intended to iEli¢ve povttty. illn3 and sufferirtg. ACIIIKVEMENI AND PERFORMANCE The cbaTtty received grants of £1.150J60 (2022.. £1 JI 1,308) in the year. the ye&r £1,448.18112022.. U40.291) of grants find tblldtion5 to other charities and good cause5 were made. The Th15tccs contirtue tD.Eed( to rnaintain a low Cost r4ti0 within the Charity. Donations and 8r8nts made be broken down 85 fol&)ws'. Soci81 Scrviccs Relief Envtro]]TheJrt31 R611Ou5 Mcdical Kesearch Ènd EduMtio]J 618,925 50D,000 106269 90.821 132,166 FINANCIAL IiKVII4W Invt4tment polity Artd abJettivtS The TrounthtiDn ha5 r¢ceived for its gcncrai tharitable purposes, which it has &lloc81fy1 ¢0 gcnrral and tsi8nat¢d fund5 ynd hHs disbuLE&4 these througknut th¢ year. GiveTh CUiTettt low inter¢st rates. the Tr]$t¢es hAve takeA th¢ Yiew thel there WDuld be no nmterial bcnefit in maintèittittg spore iesouw on d¢posi4 atid therefore foT administrative eH5¢, all hdd Oll eiiIrent accoujrt pending disbursemsnt. The TnLStee5 xnlend to PUTSU¢ sinilar poliles with Yes to m¥king in 224 and do not 8ntyÉipat¢ aThy si8nlfirant devl&tion in the pattern Of doaotiot)s. Pdge I
THE MANouiaAN CHAtUTABLE FOUNDATION Reptsrt of ¢h¢ Trustees for the year ended 31 Deccmber 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT GovorDiDg documtDt The OUkion Chgfitabl¢ Four)dAtion i5 constituted undet a ttvst deed dated 8th 201MI artd is arestEr2d Charity no 1084065. Over the y¢aT5 the Charity ha5 received gifis from souices associated with the M4nowki9m Family arÈd does not actively fulldroise fimthiP4rt7s5. The Trustees have refrLYed to the 8uidance contained in the Charity Commission's gthdallc¢ on public benefft when reviewing our &ims and obje¢tive5 in platlg OLW tUre activiiies. The Thttr8 who have 5ervcd durin8 the year and those whD are currurtly in offi¢¢ are set out b¢tow. The initial Trllstees were appointed by the Settloi Hnd any 8ubs¢quent appointments @re made by th¢ Trustccs. There ts ntr set periad for which theThistees are du¢ to The Trustees mett at least On(xr y¢aL'. and decide fyny motiws that involvc the Chatty i a cotnmitsnettt with a duratiott yeater thBn year. Git appDvaI is mad¢ by discussion bchvcen the Trustees. The day-to-day rut)tiin8 of the Charity Is dlt with by one of the Trllstees, Mr Steven RBS REFERENCE AND ADMINISTRATIVE DETAILS R¢¥15tered Cbarity uMber 1084065 Prlnttyul ldresS St. Y¢ghl¢h¢ Annenlan Church Cranley Gardens London SW7 3BB Tru8Ètey Mrs TM4rLoukian DrA Satkissiatt AaItorS Xeitttdin Audit Lltnit¢d Ch8rt¢Td Accoutltants Statutory Audit Nightittgalc House 4fA8 E$t St¥eet Surrey KT17 IHQ SolltltorB BrydD Cave Lei81ttoTh Patsn I))VE House 5 LAuiEnce PouL)eY Hill Londoll EC4R OBR STATEMENT OF YRUSTSES, RESPONSIBILI'IIB The truslEVS Rre rcspon5ible for preForing the Report of th¢ Trust¢ the fLll8Dcial st&temetw lrt a¢eord8nce with applicab16 and UTritcd KsngdoJD Accountin8 StsnduyJ5 IUnitcdKingdom fftncrally Accepted AcCotIng Pizctiee). Page2
]VIALYOUKIAN CHARITABLE FOUNDATJON liep¢Jrt of the Trustee$ for the year eLded 31 De¢ember2023 STATEDllEiff OF TRUSTEES, HESPONSIBYLrfiEs- coDth]u¢d Th¢ law appJirAble to charAtieE in Fmgland and Wales, the ChaTities A¢t 2011, chilY {AcQnts a#d R£1$) Regulations 2008 and the provisions of the tryjst deed requires th¢ trnstccs to prcp&re fInattcial stknmBnts fi)r each financial year which 8iv¢ a tTue and lair view of thE State of thirs of the chty and of th¢ th¢oming resources and application of resources, including the income and expEndTthre. of the chllrity for thdt Peld. In prepaTill8 thosc findnLial statets, the trustees ore required to elect Bultable accounting polici&% 8nd then Apply them eon5LBtently' observ¢ tbtt m¢thod5 4nd prirJGiple5 111 the Charity SOPP. make judgements and estimate5 that are iEason8ble attd prudeth,. State wlLEther applicable occountinE $tatLdaTds bave been followeiL SUtyt tt) any tnaterial dep8rtllK8 di5clr>sed 8nd explaincil in Ihc finatscial 5tstrmEllts. prq)a¥e the fiDanclal stat¢metts on the going conc*m b1$ unless it is ifjappropriate te that thc charity will continuein business. Thetntstees arc rwonsible for keeping prop accounling rw)rds which disdose with rGa50hdbl¢ at gny time tbe fan¢al positiv uf the LhBrity ¥nd to enable them to ensure that the finan¢ial st•temEttts mplY with the Charities Act 2011, the Chxrity (Accounts eports) Regulations 2(M)8 sod th¢ provisions of tke de. Thry arc dlsu responsible for safeguarding the a&8ets &rity henle for taking reonabl¢ stCP8 th¢ preverJtiDll and dettotion offraud Ot] trr4ulaTitits. Hi Approv by order of ¢bo f Irustees on... .. and si8tted on its behalf by.. P&gc 3
Eieportof the Indcp¢ndtntAudltors to tbE Tru5tt¢4 pf The M#nou14Tj Cbaritable Foundation OpiDIo We have audited the finattciol $lateme]xts of The Manoukian Charitable Foulldalion (the 'cbaTity') for the year ended 31 Drtcmb¢r 2023 which wrist the Sthtement of FiJJanctal Activttits. the Balanpz Shee4 the e.3sh Flow Statement and otes to thefjnancial statement& including a summary of 55gnifiGaut3rcountlng policies. The fLDanciai rerting fromework that h8s been applied tll tTrLeir ep&TatIOn is applir4bl¢ law and Ujubl KinBdom ACCOUT] Stdnddrds (United KingdoTn Q¢nerally Acceptcd Accounting Pi7ctictl. Its our OPilliOAJ the firjanclal $tstemrnts'. give a trthe and fair view of the stste of the chority'5 4ffBiN as 31 Dec¢mb¢r 2(Yll of its incomin8 resources 8nd pplication of r(wur¢es, for the yearthen endcd. h&ve been properly PT¢POred in accordan wtth United Kin8doTTr C7cncrdlly Accepted Accounting Practice. and have been prr1 in accordaDce wlth the requir¢m¢nts ofth¢ ChaTiti¢sAct2Ql l. Basls for oplmfion We eonducled our audit in AOrdI7e with InkrnatK)nwl Standards on Auditing (UK} OSAS (UK)) attd Applib]e IAW. Our responsibyliti¢s tsd¢r tknse St&ardS sre fvrth¢r dc5cribcd in the AuditOTS' tespollsibilities for the audit of the finaK¢ial atemcnts seclion of ouh. IEPOrt. We ar¢ indetnd¢nt of th¢ charlty in accordance with the ethical requiremetts that or¢ relevant to oiir audit of the fuL4uGi 51atements in tht UK. including the FRCS EihiLdJ StaniiaNL anLi we h&ve fulfilled our tsth¢T ethitrdl responsibiliti& in aeeorddnccwith thcsc rqUi¢rnts. WG bclicve thatthe eYidr¥A(% we havB obtwned is sufficiettt 8nd &ppropriate to provide a bagis forour opinion. Conclu¥lon¥ relatlng to g•Atrgeon¢¢rn In auditing the firwL¢lal 5t4Mts, w¢ have(Cluded thatthe tNstccs' use of the EOAttE Cotxcenj bas1$ of 4fxoutttin8 ill the preparation of the financial 5talcmcnt3 is appropriatc. B4sts1 on the Vrk we have p¢iformtd, w¢ hav¢ not i¢kLtifLoI any material unccrtaittties le(ln8 tD evcThtS Dr conditloDs that, indiv1th]Y or collectively. may east Significant doubt on th¢ eh21ity's ability to continue &5 a going (K)Thrn for a periodof 8t le85Ltwelve rnonth5 when the fInwia] statts gre authoris¢d is5U¢. Our ttnSIbilItIeS gnd the regp)rtslblliiies of the ffiK%tee5 With respect to goin8 uncem ore described in th¢ r¢1( 5e¢tions of thi5 repw Other ITrfom&tloty The trustees art rcsponsible for the other itthrmation. The otlw iJJfoTmatiou oompris&8 the infoLTration induded in the AtmU81Rewrt, otherlhan the ffnan¢ikl stÈtem¢nts Reportof the IndependentAuditors thereon. Oui. opinion on the financial statetLents does not covep the other itiformatiotL and. ¢x(pt to the txtent otheThwhse txplicitty stated in our reporL we do not express any fom of lance conc]u8ion thereon. tn connection with our audit of th¢ financial statements, our pOnSibIlity is to read the othty infomiation and. in doing yo. consider whctherthe other infornjatiort is matetially incousistrnt wilh Ihtt fingnGilll 5t&tem¢n15 or our knDwledge obtained in the audit or othcrwisc appcars tD bc [natu1lY Tni55tated. If we identify Euch rnat¥i81 inconsistmcies or appaEent m&teri&l TnlsthtemeThts, w¢ r¢qU¢ to dd¢rmitL¢ whdb¢r this gives rise to a nterIal misst8temet)t in the financial sr&tements thems¢lvc3. If. on th¢ work we hwe 'FOl"m¢ we Lunciudc that there ts a 3t.jaI mi¥t&tement of this Other informotioN we arc 1Vired t(p r¢port that fv¢t. W¢ have nothirlg to rwort In this ard, Matters whleh we xre reqlltred to reporl by CXCEPtlon Wehov¢ nothing report in r¢swi of th¢ following ni)tteTs wh¢rcthc Charities (Accounts Repoèts) Regu]atioJJs 2008 Tequires us to report lo yuu if, anow opillion-. the IrAfoTM1on 8LV¢ll In the R¥>rt of the Trustees is sllcoJL8iStent in any mateTial respect with the finaNi81 st8temcnl8', or suffLclettt aC(x)untittgrI)YdS have ]t be kept; or the finan¢i&l SC&lemeiit5 alt not in aement with the accounting irdS find relums. we have llot received all the intOTmation and explgn%Ltions we iEquire for ouraudit. Page 4
R¢pDTt Dlthe Independent AlldStors to theTrnstees or The M#llouldAll ChrithbleFou¥Adatio Re$poDslbilltles ortwu$tee5 As cxplaintd ttJDre fvlly in the Statsmcnt of Truste&8' Re5rrfM}&ibilitk the trte(S arc 55]ble forthe preparation of the fin4n¢ial sial¢mertts which give a true and f&ir vlew, 8nd for such Int&] ntrOl as the tsuste¢5 deterniine is neee6sary to ¢n&bl¢the wwaration of financiBI stteentS thatair fvee fiDm molerial tni55tat¢mtnt, whetherdue to frauil or e]TOr. In prtparing thc fanCisI stthrnents, thc trus tsre responsible for assessing ih¢ c&arity'5 4bility to continue a going conccrn. disclosin8. &s applicahl& nilltteiE ielated to going contte wid using tlie going ct)ncern b&si5 of accounting unl the trvstrts ¢ith¢ritrt¢nd to liquidate the charity orto ce8se ojmtitin4 or have uo ThlT5tic 4lrnativebut to do w. Oui. r¢5POD51bilitSe5 for the 8lldlt tht flttaDd&l $ttcm¢ntS We have been appointed w audilots undE]' Seotion 144 of the Chdritles AGt 2011 and report in 4ccwdattr£ the Act ottd relcvBnt rr8lllaliDn5 3(Or hwing effecl tbereunder. Our objectivts are Io DbtDiH reR50ll8ble assurance about whether the finaacial statements a whole Bre fir¢ frorn material misst&temcn4 whethw due to fraud or error, to issue a R¢port of the Ind4)Endcnt Audito that includ&s our opinion. Reawnable assurance is a hl8h level ofassuran¢e. but Is not a 8iiarsiitee tbat an audit conducted in occordatwA with ISAS (UK) will always detc£L a m8teri81 rnisstatement when it exists. MTSStatemenis can arl$E frotn fT4ud tsT error md are considtr¢d m&t¢ria] if, individualEy or in the oggre8ue, they could rwonably bB expected kn iDfluence the ec4)nomi decisions ofusws tsken on the b8sls of these fin¢la1 statements. The ¢Atent to whicll ourproceth]re$ 8ve capable of detecting irregujwities, induding frllud is detailed ]lOw.. - Jd¢lltify And osws thc risk of material misstatement of the frttancill stattmEnts, whcthBr due to fraud or eryor, design and fotm #udit pro¢¢dures responsive to Ihose risks, obtain a[lt evidenv ttHt Ss suffiGi¢nt and approprlate lo provide a basi5 for our opinion. Thc ri%k olnot d6teBting a m&teri41 misstatement resultlns from fraud is higher thati re8ulting from error, as fiyud may Involvt Collusio forgery llLteDtional otnissions, miryesetJtstli)ns or the override of intem•l CO[01. - Obtain an underslaDdin8 of tntEfiLal coDttDI releVt to the dudlt In ordtt to dcsiga audit pro¢edores thot 2TB3ppropi'iate in the circllMstante4 but not for thc Purpos of CXPTCS3ill8 aTr opinion OD the effectivettess of ther0patLy's iv.trrn81 control. - Ev&Luate the appJ'opri41enws of acco[ting policiu u5cd a[ the reasothableness of accountin8 &stimate$ the relaed di8c103uw made by thedire¢tors. - Conclude the apprOpr•teeSs Of the Trustees, us¢ of the 80ing concern basis of accoullting d. b¥s¢d on the audit evidence obtained, whether amaterial unctrtainty exists rdatcd to eventorconditions tbatm&y castsignifj¢ant doubton the CDIJ]Pglly'5 ability to continue a3 a going coneern. If we con¢ludc that a materl&l uLcertairty ¢xist& we iwuired to draw attention in our auditors ryorl to the relAted disclosure ID thc financial statements or, if such di5cJosuYes Ere ina<kquate to modlfy our opinlon. Our ¢onGluslons aLE based on tbe audit evid¢n¢¢ obtsined up to tbe dale of Our aknditovs rcpDTL Howr, fvtur¢ events or conditions may couse the charity to r¢a8e to (xjnlinur &8 agi)iryg COTWll. - Evaluate the overall tME52nl¥tiDn, StruCth and Content of the finAthGsal stptements, includig the di8dosur&8. and whether thc fi[e1&1 stal¢M¢nt5TCPTe5ent the underlying traftsactions aThd ¢vents n)anner thatachteve5 fair pre8£ntation. A fuithcr description of oui. TWO%1111ticS foT the lludit of the fin¢&815t41¢ts is located on the Fin8ndal Roporting Coun¢il's w¢bsits It www.fr&org.uklauditorsresponsibilities. This d¢s¢i'iption fthms pal ofour RepDit of the Indepettdent Auditor5. Page 5
Reprjrt of the Independent Auditors to th¢ Trustees or The MAnollld#tt CbAritable Foulldthtio U$¢ Dfour rcpDrt This rcp)rt is madc ]dY to the charity'8 truutrc4 &8 a body, trj a¢GordanrK with Part 4 of the Ch8rftles (Accounts and Reports) Regulations 2008. Our audit work has beeD und'tOk¢tt so th&t wc might statc tD thc charIty'strteaE those mattets we gre requir¢d to St&te to them in an ouditciTs' report and forno other purp)se. To th¢ fuMt5t cxt6nt pErmitted by law, we do nol acccpt or assumE TespDnsibility th anyone other tban the charity and the charity'E i[u$le tl txxiy> fDT QUT audit wo, forthi8 re(, orft)r th¢ opinion8 w¢ h&ve formed. Xeinoditt Audit Limit Accountants and StatOry Audito NightlO8alc Ho 4648 East Street Surrey KT17 IHQ
THE MAiYOUI<IAN CHAR11'ABLE FOUNDATION stateThellt of Fknauelal Activi¢le$ forth¢ y¢wr ¢Dded 31 Dectmbtr 2023 2023 2022 Unteslr&ct&l fid$ funds N(ttes INCOME AND ENDOWmEs FROM Donations &Dd legaGies I,E50,360 1.511,308 EXPENDITURE ON CharltabEe oetivltles Grantmakirtg and associated activities 1,527.718 918.659 NET INCOMEIIEXIENDfrnREI 1377.358) 592,649 RECONCILTION OFFUNJIS Total fvudsbroughr forward 807.357 214.708 T(yfAL FUNDS CARRIED FORWARD 429.999 807J57 The ootes form part of thcsc fiDattcia] statements Page 7
THE MANOUIUAN CHARITABLE FOUNDATION Balanee ShcEt 31 Decernher 2013 2tr23 UDf¢5tricted fud$ 2Q22 'iotal fullds Notes CURRENT ASSKTS Cash at bank 435,279 812,157 CREDITORS Amountg f8]lillg du¢ within one year (5280) {4.81K)) NET CURRENT ASSETS 429,999 807.357 TOTAL A&8ETS LESS CURRBffT 429,999 807.357 NrrASSETS 429,999 807.357 FUNDS 10 Unrestricted nd8 429.999 807J57 TOTAL FUNDS 429.999 807J57 The financl81 s and were51gri ers approved by the Board of T51¢¢& and &uthoris&l for Issue on alf by.. onits SPre%.T The Dotes p8rt ofth¢se fJJJaJJcial ststetnents Page 8
THK flANOUlaAN CEARrrABLE FOUNDATIOIY Cgsh Flow StateJll¢nt for th¢ye#r euded 31 D¢¢eMb 2023 2023 2tr22 Notes Cash floiys from operAtlng4etiYitirs C&8h Bettted from operations Intexestpaid (376.314) {564} 596J94 (565) Net Lysh (us&1 Aoyprovid¢d by QPEratin8 a1vIll¢S (376,878) 595,829 ChallEe In eash e18h tquivaltllts In the repvrtiDE peJ4od Cosh #nd cllsh equlvalents at the beElnllfng ofthe repDrtl]]E perlod (376.878) 595,829 812,157 216,328 Cash And e(wRvlents #t the end of the reportlng period 435,279 812.157 Te notes formpart of th¢se fjn8ttcial statemts Page 9
MANouIaAN CHARITABLE FOUiYDATION Notes to the cg.lh FE05v Stattm¢nt for the yeartnded 31 De¢ember2O2J RECONCILIATION OF NET IEXPENDITITR£IIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2 N¢t (¢xpendhureVitteomt for the reporttng period (as per the StAtemÉnt ofFiDAnciRI AetlvStie5) Adiuslments for. Inttrcst paid Tn creditors (377,358) 592.649 564 480 565 3,180 Net (used thyprovided by operRtlons (376,314) 596.394 ANALYSIS OT CIIANGES JN NET FUiYDS At 1.1.23 Cash tlow At31.12.23 Net easb Cash atbonit 812.157 (376,878) 435.279 812,157 (376.8781 435.279 Total 812.157 1376.8781 435279 ThBnoleB foiTr partof th¢5e financial stateAnents Page 10
THE MANOUKtAP4 CHAIUTABLE FOUNDATION Notes to the Fitkanri41 St8temeffjts forthe year ended 31 December 2023 ACCOUNTING POIJCIES BASIS OF PRKPARINC. THE FINANCJAL sfATELI(ENTS Th¢ financial 5tat¢ments of the charity, which is a public benefit ¢ntity under FRS 102, havc bctR pleprd in a¢cordaAce with the Charities SORP (FRS 102) 'Accounting and R#rtIng by Chariti¢5: Strdtcment or R¢eotnmended PrAclice 4)plicable to ChtieS preparing their occow$ in accordanc¢ with tht Finallcial RBpL)rLin Stsndard 8pplicable in the UK and Republic of Irel8nd ffRS 102) (cffectivc l January 2019),. Finon¢ial R¢p(krtTng Standard 102 ryhe Financial RertIng Stsndard applI¢b]e in the UK and Republ1¢ of Iland, andthc Charities Act 2011.'1'h¢ fthn¢tAI statfflicnts havebetn pwared lldtt the historitsl ¢4>51 wnvcntion. INLUM14 All income is recognised in the StstemeTht of financlal Acttvities ottce thc charity hw5 cntitlEmt to thc fjJnds, it is probable iTrMttbe ittcome will bertt¢ived and the amount ¢an be m¢)sur¢d lIablY. EXPENDITURE LiabilitiES are recDgHised a8 expeAdi¢ur¢ as soon as th¢r¢15 aleg or constructive ubli¥*LitiTr eommittfng th? ¢harfty to that ¢xpendi(ure. it is probable that 4 transfer of e£¥)nomic IKncfils will be FequiTed Settlement 2nd the amount of theobltEgLloft catt k measurEd reliably. Expend'¢ure is aceounkl for on atl accruals b&sis and h85 be el2ssifi¢d wjder headings that aggregats all ¢05t relatcd to thc category. Where cosls calu1 be diTeLJly attributed to wticular healls they have been É110¢8ted to activities on a b&8is consistentwitb the u%eaf re50urc£5. (Srant8 offcrcd subjert to conditiot)s which hive not br<n met at thc yeax cnd dat¢ are notrAI as F& Knlt¢t b not accNed ag eXpetltre. TAXATION The thaTity is exe]npt from oft Its GhaTitable activities. FUNDACCOUNTING L]]restricted fuad5 Can t¢ used infjceordgncewith the ChIlabl¢ Obj¢th at thedÉscretion of thetrusteEs. Restricted fUtS ¢8rt only be used for particular t&8tiicted purpos¢s within th¢ objcLa5 of the charity. ResLrictiwq rssc whEll specifjd by the doNJr or funds gre raised fotr p4ttiLwlar r¢5tricted puipose& Further explanation of the and purpjse of eath fund is included in the nots5 to tkn fiTwiciaJ statements. DONATIONS ANIJ LEGACIL8 2023 2022 Gratlts I.I50,360 1.511J08 Grntsts ree¢lved, included in the tknve. frotn CAF Amtrica totdled£l,150.360 ill 2023 (2022..£1S11 JO8). P88e 11 continlled...
THE MANOUKIAN CHARrrABLK FOUNDATIor4 Notes to the FLnanclg1 StotemeDts- contlnued the ye8r ended 31 DetesDbEr 2023 CHARITABIE ACTIVJTIES COSTS Grant fundittg of activities (See note 4) Support costs (see n¢te 5) Dire¢ TOtS Gratlthlaking and wclated activiti&s 76,837 1,448.181 2.700 1527.718 GRANTS PAYABLE 2023 I2 GrthtM8knn8 9nd as50cAated activi¢i¢s 1.448,181 840,291 Total grants ld during the ye&rwÈs as follow5- GeA¢raI nd Desi8naied fid 2023 2022 St Y¢ghlche Artncnian Church Parish CburGh woperty and liubility jUSUTaTire 8sion Enfran¢¢ The PoperweiBht Trwt Church fJTe alarm syslcm lrtdividual Association des Amis dEsNouvelies d'ArMle Chromic Car¢ ctre IwtitytE for CancerVo¢eiTh¢s •nd Jmmunothwapy Chain otHope Kelna 3Ayleh The CuringFamtty Foundation Scholarships Action Itjnotrt Kayalle"fambu]ian Medical Tre1¢ Coc Akdedian Aceomodotion VieJ]na Music in S¢xxbndgry Sthool Tiwst Oriel College Lady Garden Found&tton TO Foundation Elton John Aids Foulldation Just Giviti8 ctr TheArm¢nian Church"frust(UKI Naked Ht France Naked He•rt Switz¢rland JEBID 40.000 40,OOD 33,889 35232 JI,IsD 9.885 25,(K)Q 10.000 22.380 iO.OOD 33,889 I l.150 25.000 22,380 10.000 io,o(x) 21.963 83,340 83,340 1,000 50,ODO 50,000 80.314 86,543 500.000 56,437 67.579 270.525 203JIO 6,480 4.580 50,1)00 10.000 50.OIXJ 80J14 soo,ooo 56.437 270,525 6,480 4580 50.000 ID,000 4,314 83.448 77.334 56,50D 83,448 IIK),o(KI 45,528 89,538 ?.o,100 89,538 20.100 20,80] 1,448,181 1,448,I81 840,291 Pagc 12 conlinurd...
TH8 MANOUKtAPI CIiARI"fABLE FOUNDATION Nntes to the FinAne121 Stxt¢mEnts- eontknKed for the yé#r ended 31 Decemb¢r2023 SUPPORT COSTS Governan sts Moking atld asgaciated activiti 2.7QO TRUSTFES. REI¥IUNERATION AND BRNEFrrs There were Jh) tswtees, remuDeration orother i¢fits for the ye8r ended 31 D¢¢¢mir 2023 rtor foT the yt&r ethd 31 D2cember2022. TRUSTEES, EXPENSES There were TKTr truste¢s' ¢xprThs¢y ]d for the ye&r ended 31 Deccmbcr 2023 Dor for the year ended 31 December 2022. STAFF COSTS 2023 2ff22 Wages 9lld s8li Socisl security costs 67,330 6,781 65.330 6,866 74.111 72.196 The &VErage moLthly numbBr of cmployee5 dursn8 the yearwas a5 follows.. 2023 Chartiable acttviti&% No emp]oyees received emolutnettt9 In eK¢essof £60.01. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES urtrictcd ll&5 INCOME AND BNDOWMENTS FROM DoDatiotk5 and legacies 1,511,308 KXPEf4DITURE ON ChsErltibk a£tfviti¢5 Grant Making and associated activities 918.659 NET INLIIME 592.M9 RF.r.ONf.Iv.TATION OF FUNDS Totsl funds brought fonyjrd 214.708 Page 13 continued...
THE MANOUKIAN CHARITABLE FOUNDATION Note% to the Fknalletsl Ststew¢nts- colltllllled for the ytRr ellded 31 Dtctjllber 2023 COMPARATtVES FOR THE STATEMKNT OF FINANCIAL ACllVITIES. eontlnued fun& T(yfAL Fuf4DS CARRIED FORWARD 807,357 CBEDITORS.. AMOUNTS FALLif4G DUE WITHIN ONE YEAR 2D23 2022 Other cr&litors 5,280 4,800 ID. OVKMENf IN FUNDS NeL M>vetn¢nt ITJ fund5 At 31.12.23 At 1.1.23 UAMtricted GeDeral fund Desi8n4lcd furld 24.333 783,024 24,333 405.666 (377,358) 807J57 1377.358) 429,999 TOTAL FUNDS 807357 1377.358) 429.999 N¢¢movement In fund4 included Sn tht above are &9 follow8: Incomin resour¢es R¢30urces tXPEnded lovemEnt in funds Unrestrletèd fullds De5i8natcd fu] 1.150.360 {1.527.718) (377,358) TOTAI FIINI)S 1,150360 (1527,718) {377,358) P&gc 14
THE MANOUKIAN CHARITABLE FOUNDATION NotrA to thE Trlnanclal StstEJJ¢nts- continlled for the ¢llded 31 Deoembtr 2023 ID. MOVEMENTIN FUNDS. ¢onthilled ComparatlYe$ for movement ltt fUlS Tr4et movefflent in funds At 31.12.22 Atl.J.22 lJllrLgtricted funds General fund Desigèlated fund 24,333 190.375 24,333 783,024 592.649 214.708 591649 807,357 TOTAL FUIYDS 214,708 592,649 807,357 Compffttlv¢n6trnovement In ffiJDds, IrJ¢luded Inthe AVe 4Tr follows: Incoming rcsouTc&8 OUrCeS exp¢nded Movcmtnt in futtth Unrestrltted fuDd8 Desial¢d fund 1.511,308 (918,659) 592,649 TOTAL FUNIKq 1,511.308 {918.659) 592,649 DeslgttY4tsd FuDd Th¢ d¢siyated fund w&s established to tneet expeodltsr¢ l*ting to St Yexhi¢h¢ Alrnefftian Chvr¢l4 Cranley GaLyJens. London SW7. Following bjrther discussilms with CAF A]ncriG4 th¢ u5a8c ot'the Fund was expanded to indudegen¢ral cha¥itable pufjx)5f& coNriNGEf4T LIABILITIFS ItL¢ome received in prior years totslling £1,212.814 wilL #eed to bcrcpaid to the donorif future income lev¢ls are in exces8 of exprrlditure. As there is i)bliglliion to pay except in thos¢ specif&c circumslanees the amount ha5 previoysly ken sncludcd as incotThe and no prowisioTh Ès mzde for 4ny wlentiali'epaymttttLoFt7ub' qmouDL Page 15 cootinucd...
THXMANOUKIAN CHAIUTABLE FOUNDATION Nott$ to the Fi&¢11 Statements- CDlltillu¢d for the ytsr ended 31 D¢ceffjber 2023 RKLATED PARTY DISCLOSURZS Therewere nci rdotEdpNrty trallsaction5 forthe ycar cnded 31 Dvcember 2023. PaEe 16
THE MANOUKtAN CHaRIT'ABLE FOUNDATION Det8lled Stst¢m¢Dt ofFillaDtl#l Aetiyltks for theyeNreDd¢d 31 Detembtr 2023 2023 2(r22 rr4COME AEID ENDOWMENTS Doiiatio le¥acies 1,150.36D I JII,308 Tu(aliDcolltknK resourc 1.150,360 ,51 1,308 EXPENDITURE Ch4ritable acdvltles Wages Soclal seturlty Profe&8ional char8es Aceollrttancy chw3¢5 Grantslo iLstÉtutions Grantsto IndividuaIs 67J30 6,781 i¥2 1,980 564 1.438.IRI iO,ODO 65330 6,866 807 1,800 565 830.291 io,wo 1.525.018 915,659 Support eosts Covernance tosts Auditors, remunemtion 2,7(Kl Total resources pxpended 1,527,718 918,659 Net (Èxp11reY1n¢Ot 1377,358) 592.649 This pw does not fomj part of the st&bJtory financia] statements Pa8e 17