Do(￿sIgn Envabpe ID.. 9462325WOE41F￿5&￿7B5sF8Cc Armenian Institute Charitable Trust Financial Statements For the Year Ended 31 December 2024 Charlty Registration number 1088410 Drtusign Envel¢)pe ID: 94ff2325wB0E41F￿83S￿w7Bs8F8CC Armenlan Instltute Charitable Trust Flnancial Ststements Year Ended 31 December 2024 Contents Pages Trustees, Annual Report 3to6 Independent Examinerfs Report Staternent of Financial Activities Balance Sheet Notes to the Financial Statements IOto12 DO￿91gn Envelope ID.. 9462325wOE41Ft>&35￿7858F8Cc Armenian Instltute Charitsble Trust Trustees, Annual Report Reference and Administratlve Detsils Registered charlty name: Armenian institute Charltable Trust Charfty registration number. 1088410 Registered Office: l Onslow Street London ECIN BAS Trustees: Mr Richard M Anooshian Ms Tatiana Der Avedissian Ms Arda Eghiayan Mr Aram Mooradian Mr Stephen Masters Bankers: Barclays Bank plc Marble Arth Corporate Banking Group P O Box 32016 London NWI 2ZH Uoyds Bank 19-20 Upper St London Nl OPJ Accountants: Arby Chek (FMAAT) G&C Accounting Eallng House 33 Hanger Lane London W5 3HJ DoDJsign Envèlope ID.. 946232s￿OE4lF￿s￿￿7BS8F8Cc Annenian Institute Charitable Trnst Trn8tee8' Annual Report Yeaf Ended 31 December 2024 The trustees present their report and the financial statements of the charity for the year ended 31 December 2024. Structure, Governance, and Managementr The Charity was established by Trust Deed dated 10 May 2001. The Trust constituted by thi5 Deed and its property are administered and managed by the Trustees under the name Armenian Institute. The first Trustees (who together with the future Trustees or Trustee of this deed are referred to as "Trustees") hold- Professor Charles Dowse￿$ book collection on pernianent loan from the Armenian General Benevolent Union (AGBU) The Armenian Institute bank accounts Objectives and Acttvities: The Armenian Institute is dedicated to maktng Armenian culture and history a living experience, through innovative programs, educational reSoUr￿s, workshops, academic events, exhibits, and performances. Particular attention is paid to contemporary life in the Diaspora and the development of links with Armenian and other communities. Two objectives of the Trust are (i) to maintain a growing library, housing books. multimedia resources, and archival material in addition to the Dowsett Collection and (ill to offer a range of Armenian language courses offered through the Al- Language Department. Public BenefiL' The Trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefit. Public benefit is demonstrated by the use of funds raised in furtherance of the charitsble objects. Achievement8 and Perforniance: Heritage of Displacement (HOD) Project In 2024, the Heritage of Displacement (HOD) project, funded by the National Lottery Heritage Fund {NLHF). continued to grow in scope and impact. Building on the foundation laid in 2023. interviews were expanded and began to be transcribed and catalogued. A series of volunteer training workshops were held, equipping participants with skills in oral history, archivin& and community engagement. The project also hosted its first interim publrc showcase. presenting selected 5torie5 and materials gathered to date. These events drew strong attendance and positive feedback. underlining the importance of preserving these narratives for future generations. Library & knhives The Armenian Institute's library and archival collections continued to expand significantly in 2024. Notable new donations included collection5 from the families of Armenian community leaders and long-standing Al supporters. Dowsign Envelope ID: 9462325WOE41FD-835W7B58F8GC Armenlan Institute Charftable Trust Trustees, Annual Re ort Cataloguing and digitisation, led by the Archivist hired in 2023 as part of the HOD project, progressed steadily. Several key archival collections were stabilised and prepared for digital preservation, and the groundwork was laid for a forthcoming online catalogue to increase accessibility. The library continued to serve scholars, students, and community members throughout the year, reinforcing its position as a vital hub of Armenian heritage in the UK. Language Classes Language education remained a cornerstone of Al's work. In 2024, Al delivered a full programme of Western and Eastern Armenian courses, with increasing enrolment compared to 2023. The one-tO- one tuition programme also grew, particularly among young professionals and heritage learners seeking to reconnect with their lingU￿tiC roots. Amienian Diaspota Sutvry (ADS) Following the conclusion of Al's administrative role in theArmenian Diaspora Survey in 2023, the Institute's contribution to the preservation of ADS data and infrastructure continued in 2024 through advisory 5UPPOrt. The funds transferred in 2023 were Suc￿sSfullY used for Se￿er maintenance and updates. ensuring that survey materials remain available for researchers and the wider community. Public Programme and Events 2024 was a year of consolidation and expansion for Al's public programmes. Building on the successful relaunch of 2023, Al delivered four seasonal strands of events. including lectures, workshops. concerts, film screenings, and community gatherings. Highlights included a lecture series exploring contemporary challenges frdcing Armenian communities woddwide, and a cultural festival showcasing Arrnenian music, food, and storytelling. Demand for tickets continued to exceed capacity, and many events ran with full attendance and waitlists. The Institute also strengthened its partnerships with universities. cultural organisations, and diaspora groups. broadening its reach and visibility. Enhanced marketing and social media strategies further amplified Al's voice and expanded its audien￿ both in-person and online. Dc￿SIgn Envelope ID.. 9I623258-3BOE41Ft￿B35WA7B58FBCc Amienlan Institute Charitable Trust Trustees, Annual Re ort Responslbilities of the Trustees The Trustees are responsible for preparing the Trustees Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounttng Prattice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of incoming resources and application of resources of the char5ty for that period. In preparing the financial statements, the trustees are required to: Selert suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities, SORP. Make judgement and estimates that are reasonable and prudent. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the trust wlll continue its activities. Ensure the accounting policies adopted are in accordance with generally accepted accounting policies. The trustees are responsible for keeping proper accounting records that are sufficientto show and explain the charitys transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2(X)8. The trustee5 are also responsible for safeguarding the assets of the tharity and hence for taking reasonable steps for the prevention and detection of fraud and other regulations. Richard M Anooshian Trustee Aram Mooradian Trustee rdiA￿th QLY IVLJIS￿A Tatiana Der Avedlssian Trustee Date 03 November 2025 Do￿sIgn Envèlope ID". 9462325UBOE41Ftk8358-5MA7B58F8CC Armenlan Instltute Charitable Tnist Independent Examinees Report to the trustees of the Amienian Institute Charitable Trust I report to the trustees on my examination of the financial ststements of the Armenian Institute Charitsble Trust ("the Trusv) for the year ended 31 December 2024. Responsibilltles and basis of the 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 Acv). I report in respect of my exarnination of the Trusys financial ststements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Direttions given by the Charity Comrnission under section 145(5){b) of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives rne cause to believe that in any material re5pert: accounting records were not kept in accordance with section 130 of the Act. or 2. the financial statements do not accord with the accounting records, or 3. the financial statements do not complywith the applicable requirementsconcerning 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 fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached. .r Gary S Medazoumian FCA Independent Examiner 19 Carlton Road, London W5 2AW Date 3 OJ Docusign En￿[op9 ID.. 946232S￿E41FD￿3s￿￿7BS8F8Cc Armenian Institute Charitsble Trust Statement of financial artivitles for the r ended 3tst DecembÈr 2024 Income and Expenditure Account for the Year ended 31st December 2014 Income and Expenditure Account Unrestricted 2024 Restricted 2024 2024 Total funds 2023 Total funds Income: Notes Total Income for the period: 53,276 54,202 107,478 129,900 Total Income: 53,276 54,202 107,478 129,900 enditU￿. Charitable activities: 67,843 49,505 117,348 92,994 Total Administrative Expenses: 45.790 51,190 21,169 Total Expenditure". 113,633 54,905 168,538 114,163 Net movement in funds: (60,357) (703) (61,060) 15,737 Reconciliation of funds: Total funds at l January 2024 111,677 12,668 124,345 108,608 Total funds at 31 De￿mber 2024 51.320 11,965 63,285 124,345 The notes on pages 10 to 12 forni part of these financlal statement DocJJsiqn Envelope ID.. 9462325HBOE41FD435WA7858F8CC Amienian Institute Charitable Trust Balance Sheet as at 31st December 2024 Notes 2024 2023 Fixed Assets: Tangible Fixed Assets 1,557 2,508 1.557 2,508 Current Assets: Cash at Bank Debtors Creditors: amount falling due within one year 53,156 11,829 97.529 29,617 {3.257) {5,309) Total Current Assets 61.728 121,837 Net A$5ets 63.285 124,345 Restricted Funds Unrestrirted Income Funds io 11,965 51,320 12,668 111.677 Total Funds 63.285 124.345 The accounts were approved by the Trustee5 on .. . . 03/11/2025 and signed on their behalf by flra* W'A Richard M Anooshian Trustee Aram Mooradian Trustee r8hthA lassiA Tatiana Der Avedi55ian Trustee The notes on page5 10 to 12 form part of these financial statements D(xxJslgn Envelope ID.. 9462325&380E41FLk835W7B58F8CC ARMENIAN INSTMJTE CHARrrABLE TRUST Notes to the financial statements l. General informatlon The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is Armenian Church Hall. Iverna Gardens. London W8 6TP. 2. Statement of compliance These financial statements have been prepared in Complian￿ with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 1021) and the Charities Act 2011. 3. Accounting polides Basis of preparation The financial statements have been prepared on a historical cost basis. JudEements and key sources of estimation unortalnty Accounting estimates and assumptions are made conceming the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions or estimates that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the nextfinancial year. Fund accounting Unrestricted funds are available for use at the discretion of the trustee5 to further any of the charitys purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. Incoming resources Income from donations and grants is recognised when there is evidence of entitlement to the gift. a receipt is probable, and its amount can be measured reliably. All income is derived from the charl￿S principal activities which relate to fundraising and educational events. The charity has also received a number of Gift Aid donations and grants to assist its attivities. Fixed assets Fixed assets are depreciated over their estimated useful lives at the following rates: Computer photographic and office equipment: 25% straight line 10 Docusrgn Erwelope ID.. g46232S￿E41FN3s8-s44A7BS8F8Cc ARMENIAN INSrrruTE CHARrrABLE TRUST Notes to the finanaal statements continued For the ear ended 31 December 2024 4. Analysis of Expenditure Restrfrted Unrestricted 2024 2024 Total Total 2023 2024 Staff costs Events 23,628 965 19,8(X) 10,440 497 43,428 11.405 951 37,111 Depreciation Consulting Other office expenses 454 1,901 53,982 21,729 36.955 151 58,684 117 348 92 994 5. Employees Number of em lo ees The average monthly number of employee5 during the yearwa5 2 (2023- 2} 2024 2023 Employment costs Wages and salarie5 Social security costs Other and pension costs 42,7(KJ 34,101 1,916 728 There were no employees whose annual remuneration was £60,0￿ or more {2023: none). 6. Trustees No trustee or person with a family or business connection with a Trustee re￿iVed remuneration in the year directly or indirectly, or had any expenses reirnbursed (2023: nil) 7. Flxed assets- Used by the Trust Equipment Cost as at 1st January 2024 And 31. December 2024 Depreciation at 1st January 2024 Depreciation Charge Depreciation at 31st December 2024 15,621 951 Net Book Value at 31st December 2024 Net Book Value at 31st December 2023 11 Doryjsign Envelope ID: 94623258480E41F1>8358W7BSBF8CC ARMENIAN INSTITirfE CHARITABLE TRUST Notes to the financlal statements continued For the ear ended 31 December 2024 8. Creditors: amounts fallbng due within one year 2024 2023 Other taxes and social security Other creditors and accruals 3,087 170 2,187 9. Analysis of Net Assets Restricted Unrestricted Fund funds Totsl funds Total funds 2024 2024 2024 2023 Fixed asset5 Net Current assets 1.557 1,557 2,508 121837 10. Restricted fund 2024 2023 Armenian Diaspora Survey Fund A restricted fund wa5 created to fund the expenses of the Armenian Diaspora Survey. 11. Related Party Transactlons There were no disclosable related party transactions durin8the year {2023: none). 12. Retirement benefrts scheme The charity operated a def￿ed contribution pension scheme for all qu31ifying employees. The assets of the stheme are held separately from those of the charity in an independently administered fund. The charge to the income and expenditure account in respect of the defined contribution scheme was £728 (2023: £1,094). 13. Controlling party The charity 15 controlled by its Trustees in this and the prior yÈar 12