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2022-03-31-accounts

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REGISTERED COMPANY NUMBER: 04195084 (England and Wales) REGISTERED CHARITY NUMBER: 1088534 (England and Wales)

CENTRE FOR ARMENIAN INFORMATION AND ADVICE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Cox Costello & Horne Chartered Accountants and Statutory Auditors

26 Main Avenue Moor Park HA6 2HJ

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

CONTENTS OF THE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 16
Report of the Independent Auditors 17 to 19
Statement of Financial Activities 20
Balance Sheet 21
Notes to the Financial Statements 22 to 32
Detailed Statement of Financial Activities 33 to 34

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES

V Keshishi - Chair F Mansurian, Treasurer Re-elected 14 May 2022 V Nicholls K Alexanian, Secretary A Der Hacopian Elected 14 May 2022 S Grigorian Retired 14 May 2022 A Sarkis Appointed 17 September 2022

Trustees retiring by rotation

One third of the Directors shall retire from office, being those who have been longest in office as Directors. The retiring Directors shall be eligible for re-election.

COMPANY SECRETARY K Alexanian REGISTERED OFFICE Hayashen 105a Mill Hill Road Acton London W3 8JF REGISTERED COMPANY NUMBER 04195084 (England and Wales) REGISTERED CHARITY NUMBER 1088534 (England and Wales) AUDITORS Cox Costello & Horne Chartered Accountants and Statutory Auditors 26 Main Avenue Moor Park HA6 2HJ CHIEF EXECUTIVE OFFICER M Ohanian PRINCIPAL BANKERS HSBC 281 Chiswick High Road Chiswick London W4 4HJ WEBSITE www.caia.org.uk

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. Report of the Trustees also represents the Directors’ report as required by Company Law. The financial statements have been prepared in accordance with the accounting policy set out in the note to the financial statements. The annual report complies with the charity’s governing document, the requirements of the Companies Act 2006 and the trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statement in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Charity SORP.

1) OBJECTIVES AND ACTIVITIES

1.1 Mission statement

The Centre for Armenian Information and Advice (CAIA) seeks to enhance the quality of life for disadvantaged members of the Armenian community in London, specifically those in poverty, isolation and distress. The charity supports their diverse needs through the provision of welfare, education and cultural services at a welcoming centre for all Armenians.

1.2 Aims

CAIA exists primarily to relieve poverty, sickness and distress amongst the 18,000-20,000 strong Armenian communities in the UK and those connected with Armenians. Another prime aim is to advance the education of Armenians in London.

These aims are pursued through the following main strands of work:

During 2021/2022, CAIA provided a wide range of relevant services to diverse age groups and disadvantaged circumstances within the Armenian community in London. In particular, organisation provided:

1.3 Statement of public benefit

The objectives and activities, and achievement and performance sections of this report set out the activities that CAIA undertakes for the public benefit.

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

Many of CAIA's beneficiaries have very limited financial means. Access to activities or services are offered at highly discounted rates or free of charge in certain cases.

The Trustees make the following observations on two key principles of public benefit.

A number of private benefits do necessarily arise from the activities of the charity. In particular, the charity finds it essential to employ and remunerate staff. Individual members of the charity will benefit in the widest sense from the activities they undertake. Private benefits are purely incidental as they are a necessary by-product of carrying out the charity's aims.

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

1.4 Grant making

CAIA is not a grant making charity but may act as intermediary between grant making organisations such as London Boroughs of Ealing and Hounslow and the individuals who benefit from the grants.

1.5 Volunteers

Volunteers help out at many of the charity's activities and represent the charity at various meetings in the borough. Many of the charity's participants have continued to become volunteers at sessions, which in turn give them valuable experience. CAIA's volunteers make a vital contribution to the charity, enabling the charity to provide many more activities than the charity could otherwise do.

2) ACHIEVEMENT AND PERFORMANCE

2.1 Charitable activities

Below is a summary of the charity’s activities and services carried out in 2021/2022 as we gradually exited from the COVID-19 pandemic. However, much of the uncertainties, anxieties, financial and food poverty continued to be experienced by our service users because while in 2020/21 we managed to adapt and confront the challenges of the pandemic, there were further challenges following the aftermath of the attacks against the Armenians of Artsakh ( Nagorno Karabakh ) and the destructive effect of the Beirut explosion on the Lebanese-Armenian community. During 2021/22, CAIA has had to focus on helping disadvantaged Armenians cope with the cost-of-living crisis and Ukrainian Armenians seeking sanctuary in the UK, many of them refugees for a second time.

3) WELFARE PROGRAMME

3.1 Advisory support service

CAIA continued to deliver vital advisory and integration services for marginalised Armenians and those connected to them, many of them refugees or newly arrived migrants and others subsisting on low incomes. As result, culturally sensitive information and practical support was provided to more than 488 people who were born in 25 different countries such as Armenia, Russia, Iran, Lebanon, Bulgaria, Poland, Syria and Ukraine as well as other socially/politically unstable parts of the world.

This work led to reductions in poverty, improved housing, economic circumstances and increased resilience among these beneficiaries. The majority of those supported were residents of the London Borough of Ealing (198), followed by Hounslow, Brent, Hammersmith & Fulham, Hillingdon, Barnet, Islington as well as others further afield.

CAIA's Advisory Support service is quality marked and Office of the Immigration Services Commissioner (OISC) audited and operated 240 days during the year, providing face-to-face, online, phone and e-mail support to Armenians and those connected with them irrespective of background, gender, faith, age, sexual orientation, political views or disability in a safe, secure and welcoming environment in accordance to CAIA's Equality and Diversity Policy. The age range of the majority of beneficiaries was 25-64 years old. (276 out of 488), while 20% struggled to speak/write or communicate in the English language effectively.

During the year, CAIA's Advice Officer Arthur Manouk Cahill progressed cases until resolved in accordance with the Advice Quality Standard (AQS) for Housing with Casework, Welfare Benefits with Casework, and Immigration Casework Level 1.

CAIA's Advice Officer intervened, liaised and entered into regular dialogue with various statutory and non-statutory bodies to address diverse barriers they experience in accessing services, improving communications and generally assisting clients to resolve their pressing problems. This involved completing forms, writing letters on behalf of clients, providing letters of support, making referrals, social housing applications online, telephone calls, sending e-mails, and interpreting and translating vital information for clients.

During the reporting period, a total of 4042 instances of bespoke advice and interventions were provided to clients, which resulted in improvements of living standards, increased awareness about rights and confidence to live and manage independently in UK. The charity received positive feedback from almost 50 people via formal questionnaire as well as several heart-warming letters of thanks from service users during the year.

In addition, CAIA has maintained excellent working relationships with various statutory agencies, organisations and decision makers including several West London local authorities, the Department for Work and Pensions (DWP), Job Centres, Housing Associations, West London MPs, councillors and local specialist law firms and solicitors.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE Charitable activities 3) WELFARE PROGRAMME

3.1 Advisory support service – continued

Additionally, non-financial immigration/legal support was provided, resulting in:

Housing – 227 interventions for the benefit of 336 clients relating to housing and homelessness.

Equal Access

Fuel Poverty

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE Charitable activities 3) WELFARE PROGRAMME

3.1 Advisory support service – continued

Addressing Food Poverty

Improving Employability Skills

Feedback from Service Users

100% of advisory service users based on feedback questionnaires were satisfied with the professional knowledge and efficiency of the advisor and felt more knowledgeable, confident, less stressed and better able to cope with their problems.

These comments included:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Case studies

Housing/Welfare Benefits:

Mister M is in his early 60s. He came to England some years ago after escaping the troubles in Iran. He has lived in the Ealing Borough for a number of years with no fixed abode. Mr M had no source of income and suffers from a number of mental health ailments, together with chronic pain. These severely impacted on his relations with other people and ability to partake in everyday tasks. He approached the CAIA Advisory service under extremely desperate circumstances, principally with no home or income and struggling with health. The CAIA Advisory Service by adopting a holistic approach was able to facilitate an urgent intervention to both the local authority for housing and Department for Work and Pensions (DWP) for financial assistance. Through the perseverance of the CAIA Advice Worker, Mr M was successful in gaining permanent housing in sheltered accommodation and an award made for Pensions Credit. Furthermore, due to his disability, a successful application for a Personal Independence Payment was made to the DWP. Mr M is still struggling with his health-related conditions; however, his quality of life and dignity has been greatly improved as a result of the CAIA Advisory Service.

Immigration

Master G is a 17-year-old adolescent who arrived in England to start a new life with his Armenian parents. The family arrived over 10 years ago via Lithuania. It was the second occasion they had to move to a new country to start again. Previously, they escaped the difficulties in Armenia following the early years of independence. The CAIA Advisory Service helped his parents to obtain permanent residence in this country in the lead up and settled status under the new rules post BREXIT in order to maintain their legal presence in England. Master G accompanied by his parents was able to approach the CAIA Advice Service, who proceeded with an application to register him as a British Citizen. After successfully obtaining British Citizenship Master G was assisted by the CAIA Advisory Service in applying for his first British passport. The family with the exception of Master G’s father are British Citizens thanks to the advocacy of the CAIA Advice Service.

3.2 Health and Care Service

Supporting Carers & Cared-for

CAIA delivered 48 sessions of its Friday Elders Club/Carers respite provision which is part of the Carers Pathways Consortium composed of several local charities led by Dementia Concern funded by Ealing Council . The activities provided respite and short breaks for Carers while the people they look after were provided with free door-to-door transport by CAIA’s minibus so that they could enjoy a hot meal and stimulating social cultural activities in a safe, secure, and trusted setting. The break enables the Carers to have some time for themselves to do routine activities such as go shopping, see their GP’s, the hairdresser or something else they need or wish to do.

Befriending Project

Thanks to a successful small grant application to Voice4Change England, the CAIA initiated a new Befriending project to address the needs of Armenians who were experiencing isolation, loneliness or feeling helpless during and post Covid-19 challenging times. The project was so successful that the CAIA decided to continue to deliver the project past the small grant. During April 2021 to March 2022, Melanie, CAIA’s Befriending worker, made and maintained contact with 74 people living throughout London to offer personalised confidential one-two-one support. A sympathetic listening ear and support was provided via regular phone-calls, digitally via WhatsApp and Google Meet video calls. A total of 7 home visits were also made to those who are housebound or have physical disabilities once the lockdown was lifted by the Government.

The majority of the project beneficiaries were women who were struggling to cope with anxiety, depression or dementia. During the project, Melanie also promoted the importance of Covid vaccinations thanks to a grant from EACH Counselling and Support as part of a consortium supported by Ealing Council.

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4) EDUCATION AND TRAINING

4.1 English for Beginners

During 2021/22, CAIA in partnership with Acton based Global Skills Training Limited continued to deliver free English language classes twice a week at Hayashen. However, as students successfully gained City & Guilds Functional Skills qualification in English at Entry 1, the numbers attending were no longer viable for Global Skills Training Limited to continue to operate the classes at CAIA by the end of 2021.

4.2 Digital Inclusion Project

After a successful first year of this three-year project funded by The National Lottery Community Fund , the Project Coordinator resigned from the post end of May 2021 as she found full-time work. She was replaced in June 2021 by Zarine Avagimyan following an open and transparent recruitment process. CAIA was very pleased to welcome Zarine who seamlessly continued to deliver the project activities to assist those experiencing digital exclusion as a result of

The key difference and activities the project delivered.

65 people became more knowledgeable and skilled as a result of:

One-to-One sessions with learners

15 clients received one-to-one lessons on how to use their IT/mobile devices.

As a result of one-to-one sessions learners were able to:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Devices & Connectivity

Accessibility - Digital Coffee Mornings/Home visit

In March 2022, Zarine started new innovative sessions called ‘Digital Coffee Morning’ for those who cannot attend the CAIA (whether they have a disability or they are still scared of the COVID-19 virus, live far away, they are carers etc.) – see publicity poster https://caia.org.uk/digital-coffee-morning/

These sessions were extremely useful and welcomed because they are an informal way for the Digital Champion to offer IT/digital support as well as the opportunity for digitally excluded members of the Armenian community to share their experiences in tacking this.

3 home visits were also made by the Digital Champion to three older/housebound people to assist with their devices/accessing social media.

Workshops & Digital Awareness

Two workshops were devised and delivered by the Digital Champion to increase confidence, knowledge and skills of people to enable them to participate in the digital world to improve people's lives. A total of 24 people benefited from these sessions.

Helping Clients Collaboratively

The other positive difference the Digital Champion made was to work closely with CAIA’s Advice Worker to make mutual referrals to each other and support each other due to the multiple needs and demographics of CAIA’s clients.

Almost 80% of the digital inclusion project beneficiaries were women. Over 50% were residents of LB of Ealing, followed by LB of Brent, and Hammersmith & Fulham. Most of the learners were multilingual speaking English Armenian, Farsi, Bulgarian and Russian. They were born in various countries, the majority of which in Armenia, Iran, Cyprus, Bulgaria and other parts of the former Soviet Union.

Sample comments from service users over the year included:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

4.3 Pre-School Learning Provisions and Summer Holiday Project

The Armenian Community Pre-School Group (ACPG) operates twice weekly in the mornings and helps to sustain cultural heritage through multi-lingual learning, play and preparation for nursery school to under 5s. The provision also enables opportunities for new parents to connect, reduce isolation and provide mutual support to each other.

During 2021/22 a total of 80 sessions took place which also included school holiday activities for older children under 12 years of age. Over sixty children from diverse backgrounds including those from low income, ethnically mixed and/or single parent families attended 300+ times. Through these social and cultural interactions, young children enjoyed Easter and Christmas parties together.

The ACPG Christmas party took place in December 2021 unlike the previous year when it was cancelled due to the pandemic.

The Pre-School provision is voluntarily registered with OFSTED and offers various training to staff and volunteer parents such as safeguarding and first aid.

The CAIA charity wishes to acknowledge and thank The Benlian Trust and the Barkev Kassardjian Sis Trust for their support for this work.

We are grateful to our group leader Armine Sargsyan for her hard work throughout the year and to all the dedicated parents who brought their children regularly to the ACPG.

4.4 Hayashen Armenian Youth Club (HAYC)

Thanks to funding from BBC Children in Need and the Young Ealing Foundation , CAIA’s Youth Club sessions took place 19 times, majority after school sessions in a safe, secure environment at Hayashen.

These created opportunities for young people to engage and socialise with each other, share positive experiences, and engage with our youth worker Venetia Abrahamian as well as with invited guest speakers who led a variety of interactive workshops on different interesting subjects such as:

Free snacks and light refreshments are also provided to the youths to encourage them to sit and have supper together to connect in a spirit of sharing and cooperation. Throughout these youth club workshops, the young people played a dynamic role in their own learning, offering ideas, asking questions and generally engaging positively in the workshop discussions.

In addition, the youth club offered enjoyable recreational activities such as Armenian television, pool; table tennis, table football, board games arts and crafts. Young people were also encouraged to organise their birthday parties at the Club, which created shared memories, enabling new friendships.

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Three major popular outings were also successfully organised:

A major event held in March 2022 at Ealing Town Hall by the Jack Petchey Foundation acknowledged and celebrated over one hundred local Young Achiever award winners. We were very proud and honoured that four of our recent Jack Petchey Foundation Youth Achievement Award scheme winners were invited and recognised for their various accomplishments in school, sports and arts. All were called up on the stage during the evening where they received Gold Medals from the local mayor and other dignitaries. HAYC annually recognises and nominates three young people to this prestigious award.

During the course of 2021/22 the year over 100 young Armenians benefited from HAYC which:

HAYC provides a platform for them to come together, learn from each other, cooperate and interact with various professionals and positive role models from within and outside the Armenian community irrespective of their country of origin, their backgrounds, or their ability to communicate in the Armenian language.

CAIA is grateful for the diverse support it received from the Young Ealing Foundation, London Youth and NRCSE (National Resources Centre for Supplementary Education). Their support enabled CAIA to access new funds and training opportunities for its staff, volunteers and youth, for which we are grateful.

Below are the comments of our BBC Children in Need grants officer:

Thank you for recently returning your report form, which I have now read and signed off. This was a lovely report to read and I enjoyed learning about the varied range of activities for young people that culminated in their improved social skills, confidence and ability to join in the activities they would not typically have access to. You have provided excellent evidence and it was wonderful to see the videos of days out and young people learning and sharing culinary skills; sharing food with their peers is such a great way to forge relationships. The report was additionally strengthened with comments from young people to evidence the impact of their experience.

4.5 Hayashen Library and Intergenerational Cultural Activities

CAIA seeks to provide holistic services (from birth to old age) to vulnerable, isolated and disadvantaged members of the Armenian community, including those connected to them, with a view to strengthening community cohesion and identity. Below are some of the highlights of how this was implemented during 2021/2022.

The “Introduction to Armenian History, Culture and Heritage ” course which CAIA has delivered for over 13 years during February and March was held in 2022 over 6 Sundays. Thanks to funding from Ealing Adult Learning and also from A2Dominion (for the first time), 5 of the sessions were also digitally recorded and can be viewed via CAIA’s YouTube Channel. https://www.youtube.com/user/CAIAHayashen

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

5) PUBLICATIONS, COMMUNICATIONS AND DIGITAL PLATFORMS

Armenian Voice is CAIA's main media source for promotion of its work, profile and services within the Armenian community. One issue (No 74) was published in 2021/22 and posted to 3,000 UK Armenian homes. ( Armenian Voice was first published in 1987 and is the longest continuous Armenian publication in the history of UK Armenians).

CAIA’s monthly Hayashen News ebulletin was published regularly throughout the reporting period and reached over 2,000 UK Armenians to promote forthcoming activities, outings and news.

The CAIA website was also maintained throughout the year, and proved itself to be an important channel for promoting and reporting CAIA’s work.

The website was supported by our social media platforms:

We continued to increase the use of social media to promote CAIA’s services and profile. This has resulted in an increase of Armenians contacting CAIA from across UK and abroad seeking advice and information on a range of diverse issues.

6) COOPERATION WITHIN THE VOLUNTARY AND COMMUNITY SECTOR

CAIA engaged, collaborated and worked responsibly with other local voluntary agencies and stakeholders in pursuing its objectives. Activities in 2021/22 included:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Below is some of the feedback from the EAF meetings:

Attended and contributed to various forums, focus groups, networks and events including:

Contributed to various research and surveys to share its experience and learning with the wider voluntary sector. Some of these were published and disseminated widely. Mainly:

CAIA cooperated and maintained good relations with various Armenian organisations in UK.

7) FINANCIAL REVIEW

7.1 Investment policy and objectives

Under the Articles of Association, CAIA has the power to invest monies which are not immediately required for its purposes, in or upon such investments or property as may be thought fit. At the present time, the Trustees' policy is to maintain all such monies in liquid cash form, on deposits earning a market rate of interest. The Trustees consider that this is the most appropriate form of investment in the current climate.

7.2 Reserves policy

It is always difficult to plan or develop services within a voluntary organisation, with its constant need to find funding and in an atmosphere of insecurity of long-term funding agreements. Our reserves policy is set to ensure our work is protected from the risk of disruption at short notice due to a lack of funds, whilst at the same time ensuring we do not retain income for longer than required.

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7.3 Purpose

The following reserves policy is in line with guidance issued by the Charity Commission, and enables CAIA’s Board appropriately to designate funds from its unrestricted reserves in order to protect the CAIA against a drop in income or to allow it to take advantage of new opportunities:

7.4 Procedures

The Board may designate unrestricted reserves money to cover CAIA’s financial responsibility as follows:

The Statement of Financial Activities shows a net surplus for the year of £48,795 (2021: £112,290) and our total reserves as at 31 March 2022 amounted to £471,932 (2017: £423,137).

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8) FUTURE PLANS

Major challenges and tasks facing CAIA in the coming year include:

9) STRUCTURE, GOVERNANCE AND MANAGEMENT

9.1 Governing document

Centre for Armenian Information and Advice (CAIA) was established on 5 April 2001 under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

9.2 Charity status

CAIA was registered as a charity on 21 September 2001. CAIA is a charitable company limited by guarantee, as defined by the Companies Act 2006, and is a registered charitable company with the Charity Commission.

9.3 Membership

Membership under the Articles of Association is open to all persons who satisfy the membership requirements. Individual voting members shall have limited liability and corporate members shall have no liability. Every individual voting member of the charitable company undertakes to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

9.4 Financial statements

The audited financial statements comply with the Charities Statement of Recommended Practice - Accounting and Reporting by Charities FRS 102 effective January 2019, the Companies Act (2006). The Report of the Trustees and financial statements are submitted to the Charity Commission and Companies House following approval by the membership at the AGM.

10) STRUCTURE, GOVERNANCE AND MANAGEMENT

10.1 Recruitment and appointment of new Trustees

Trustees are appointed under the terms of the Articles of Association. The Trustees consider that having appropriate skills and awareness appropriate to the nature of the work of CAIA is more important than having numerous Trustees. The Trustees actively seek to identify and address gaps in their knowledge and skills in order to ensure the good governance of the charity.

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10.2 Induction and training of new Trustees

The Trustees offer a wide range of skills and experience essential to the good governance of the charity. New Trustees are invited to take part in an informal induction programme. On an informal basis, new Trustees undergo orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association and decision-making process, meet key persons of the charity, and become familiar with the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role and other aspects of CAIA's work. The Trustees review their written procedures in line with all other procedural documents on a regular basis.

10.3 Organisational structure

Governance and accountability of CAIA operates at three levels with clear reporting lines and links. The top level of governance is provided by the Board of Trustees. This is the senior decision-making body of CAIA. Staff and volunteers are led by the CEO, Misak Ohanian, who carries out the day-to-day management of the charity. This work is reviewed and monitored at Board meetings to ensure CAIA is meeting its aims and objectives efficiently and effectively in line with agreed budgets and work programme.

Following is a brief summary of the achievements of the Board of Trustees during 2021/2022:

10.4 Related parties

The Trustees are aware of the guidance given by the Charity Commission, including the risk posed by transactions with close family members, and are of the opinion that no transactions have arisen concerning related parties other than remuneration paid to Key Management Personal.

11) STRUCTURE, GOVERNANCE AND MANAGEMENT

11.1 Risk management

The Trustees are aware of the major risks to which CAIA is exposed and systems have been established to manage and minimise those risks. Policies and procedures are reviewed annually or more often if there are changes in legislation, and Trustees are made aware of urgent matters between meetings. As part of those procedures, the Trustees established a risk register which is reviewed annually. The main risks are financial, as identified in the annual risk review. The Trustees look to manage financial risks by approving an annual budget, regular consideration of the financial results, variance from budgets and non-financial performance indicators. A key element in the management of financial risk is the setting of a reserves policy.

The Trustees are aware of the short-term nature of the charity's income, which makes long-term planning more difficult. The Trustees are seeking more than ever to diversify the charity’s income base including charging for activities and looking at innovative fundraising models.

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Risk management- continue

The Trustees also have a duty to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The systems of internal controls for the charity are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

The Trustees remain confident that the high standard of service and professionalism of the charity's staff continue to place the charity in a good position for the future.

12) TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also the Directors of the Centre for Armenian Information and Advice for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland."

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

Reappointment of Auditors

The auditors, Cox Costello and Horne, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

09 December 2022

Approved by order of the Board of Trustees on .............................. and signed on its behalf by:

................................................. ................................................. V Keshishi F Mansurian Chair, Board of Trustees Treasurer, Board of Trustees

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CENTRE FOR ARMENIAN INFORMATION AND ADVICE

Opinion

We have audited the financial statements of Centre for Armenian Information and Advice (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statement, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CENTRE FOR ARMENIAN INFORMATION AND ADVICE

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We considered the nature of the charity's industry and its control environment and reviewed the charity's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management, and others within the entity about their own identification and assessment of the risks of irregularities.

We obtained an understanding of the legal and regulatory frameworks that the charity operates in, and identified the key laws and regulations that:

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the charity for fraud and how and where fraud might occur in the financial statements.

As a result of performing the above, we identified the greatest potential for fraud in the following areas, and our specific procedures performed to address them are described below:

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the operations rationale of any significant transactions that are unusual or outside the normal course of operations.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CENTRE FOR ARMENIAN INFORMATION AND ADVICE

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael F Cox BSc FCA (Senior Statutory Auditor) for and on behalf of Cox Costello & Horne Chartered Accountants and Statutory Auditors 26 Main Avenue Moor Park HA6 2HJ

09 December 2022

Date: ………………………………….

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

31.3.22 31.3.21
Unrestricted Restricted Total funds Total funds
funds funds
restated
Notes £ £ £ £
INCOME AND EXPENDITURE
Donations and Legacies 2 40,280 - 38,850 144,540
Charitable activities 3
Advice and Information (A&I) - 46,903 46,903 45,671
Befriending Project (BFP) - 9,470 9,470 -
Children’s/Youth Project (ACPG/YP) - 16,023 16,023 15,775
Covid 19 Support and Assistance (CSA) - 36,007 36,007 11,500
Cultural/Educational Expenditure and Library
(CEE&L) - 1,746 1,746 938
Digital Inclusion Project (DIP) - 36,793 36,793 44,255
Elderly Club/Carers Break (EAP) - 11,292 11,292 11,292
Health and Care Support Project (H&CS) - 1,469 1,469 5,084
Household Winter Support (HWS) - 8,321 8,321 -
Training Programmes (TP) - 844 844 11,246
Investment Income **57 ** - **57 ** 157
Total 40,337 168,868 209,205 290,458
EXPENDITURE ON
Charitable activities 4
Advice and Information (A&I) 912 42,403 43,315 53,912
Befriending Project (BFP) - 9,470 9,470 -
Children’s/Youth Project (ACPG/YP) - 14,523 14,523 18,597
Covid 19 support and Assistance (CSA) - 33,971 33,971 9,930
Cultural/Educational Expenditure and Library
(CEE&L) - 1,746 1,746 -
Digital Inclusion Project (DIP) - 35,459 35,459 68,893
Elderly Club/Carers Break (EAP) - 11,292 11,292 10,800
Health and Care Support Project (H&CS) - 1,469 1,469 2,738
Household Winter Support (HWS) - 8,321 8,321 -
Training Programmes (TP) - 844 844 4,932
Fundraising and Publicity - - - 8,366
Total 912 159,498 160,410 178,168
NET INCOME 39,425 9,370 48,795 112,290
RECONCILIATION OF FUNDS
Total funds brought forward 384,462 38,675 423,137 310,847
TOTAL FUNDS CARRIED FORWARD **423,887 ** 48,045 **471,932 ** 423,137

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE (REGISTERED NUMBER: 04195084)

BALANCE SHEET AT 31 MARCH 2022

31.3.22 31.3.21
restated
Unrestricted Restricted Total funds Total funds
funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 10 221,889 - 221,889 217,031
CURRENT ASSETS
Debtors 11 - 7,696 7,696 2,328
Cash at bank and in hand 201,998 45,703 **247,701 ** 219,856
201,998 53,399 255,397 222,184
CREDITORS
Amounts falling due within one year
12		 - (5,354) (5,354) (16,078)
NET CURRENT ASSETS 201,998 48,045 250,043 206,106
TOTAL ASSETS LESS CURRENT LIABILITIES 423,887 48,045 471,932 423,137
NET ASSETS **423,887 ** 48,045 **471,932 ** 423,137
FUNDS 13
Unrestricted funds 423,887 384,462
Restricted funds 48,045 38,675
TOTAL FUNDS **471,932 ** 423,137

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

09 December 2022

The financial statements were approved by the Board of Trustees and authorised for issue on ……………………. and were signed on its behalf by:

V Keshishi - Chair

________ F Mansurian - Treasurer

REGISTERED CHARITY NUMBER: 1088534

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statement in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charity SORP (FRS 102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling. Which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

Preparation of the financial statements on a going concern basis

The financial statements are drawn up on the going concern basis which assumes that CAIA will continue in operational existence for the foreseeable future. The Trustees have given due consideration to the working capital and cash flow requirements of Charity and consider that the charity’s current and forecasted cash resources are sufficient to cover the working capital requirements of the charity for at least 12 months from the date of signing the financial statements.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires the Trustees to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenditure during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income received in advance of a service is deferred until the criteria for income recognition are met. Income arises in the United Kingdom.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

Interest receivable on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Unrestricted charitable donations are recognised in the financial statements when the charitable donation has been received, or if, before receipt, there is sufficient evidence to provide the necessary certainty that the donation will be received, and the value of the incoming resources can be measured with sufficient reliability.

Donated services, Goods and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised. On receipt, donated services, goods and facilities are recognised as a donation on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

Income-Cont’d

Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable. The receipt is probable when: confirmation has been received from the representatives of the estate(s) that probate has been granted, the executors have established that there are sufficient assets in the estate to pay the legacy, and all conditions attached to the legacy have been fulfilled or are within the charity’s control. If there is uncertainty as to the amount of the legacy and it cannot be reliably estimated, then the legacy is shown as a contingent asset until all of the conditions for income recognition are met.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. A further analysis of this expenditure is given in the notes to the financial statements.

Tangible fixed assets

Freehold land is not depreciated. Depreciation is provided on other tangible fixed assets at the following annual rates in order to write off each asset over its estimated useful life.

Freehold building - 0%
Equipment, fixtures and fittings - 25% on reducing balance
Motor vehicle - 10% on cost

Freehold buildings are considered to have a residual value substantially in excess of cost and thus no depreciation has been charged. The trustees keep this policy under constant review and are also committed to maintaining the building in an excellent state of repair.

All assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation. The cost of an asset initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The cost of properties is their purchases price together with the cost of improvement works.

Heritage Asset

The charity has a heritage asset in the form of its library. The contents of the library has been built up over a number of years, many of the books and periodicals were gifted. The charity does not have information about the costs and deemed costs of the contents of the library and the trustees have decided not to obtain a professional valuation as they consider the cost of obtaining such a valuation would not benefit the readers of the financial statement nor be a good use of the charity’s resources.

Taxation

The charity is an institution which is established for charitable purposes within the meaning of the Charities Act 2011 and as such is a charity within the meaning of Para 1 of Schedule 6 to the Finance Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Sections 478-488 of the Corporation Tax Act 2010 (formerly enacted in Section 505 of the Income and Corporation Taxes Act 1988) or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to exclusively charitable purposes. The charity receives no similar exemption in respect of Value Added Tax. For this reason, the charity is generally unable to recover input VAT it suffers on goods and services purchased. The charity is not registered for VAT, as the trustees have taken professional advice and consider the charity's sources of income are exempt from VAT. Irrecoverable VAT is included within the attributable cost under resources expended.

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Transfers are made from unrestricted to restricted funds to cover any overspends on restricted projects during the year where cost will not be met by the funder. Transfers between restricted funds and from restricted to unrestricted funds are made with the permission of the funder.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments including trade and other debtors and trade creditors. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. DONATIONS AND LEGACIES

Membership fees
Donations
Legacy
Gift aid
London Legal Support Trust
Other fundraising income		 31.3.22
£
5,458
26,151
-
1,868
1,430
5,373
40,280		 31.3.21
£
4,707
16,666
117,079
3,943
-
2,145
144,540

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Grants
Advice and Information (A&I)
Grants
Befriending Project (BFP)
Grants
Children’s/Youth Project (ACPG/YP)
Grants
Covid 19 Support and Assistance (CSA)
Grants
Cultural/Educational Expenditure and Library (CEE&L)
Grants
Digital Inclusion Project (DIP)
Grants
Elderly Club/Carers break (EAP)
Grants
Health and Care Support Project (H&CS)
Grants
Household Winter Support (HWS)
Grants
Training Programmes (TP)
Grants received, included in the above, are as follows:
A2Dominion Group
Barkev Kassardjian Sis Trust (ACPG/YP)
BBC Children in Need (ACGP/YP)
Benlian Trust (ACPG)
Catalyst (Covid 19)
Church Urban Fund (Near Neighbours’ Grants-TP)
City Bridge Trust (A&I)
EACH Test & Trace (Covid 19)
Young Ealing Foundation (ACPG/YP)
Good Things Foundation (CEE&L)
Jack Petchey Foundation (YP)
LBE (Covid 19-Emergency Grant)
London Community Foundation Wave 3 (TP)
London Community Foundation Wave 5 (Covid 19)
London Borough of Ealing (Family Learning)
London Borough of Ealing/Carers Respite/Dementia Concern (EAP)
London Borough of Ealing/EAS Mencap (A&I)
London Borough of Ealing/Household Winter Support(HWS)
London Youth Microgrant (YP)
People Health Trust (H&CS)
National Lottery Reaching Community Fund (DIP)
National Lottery- Celebration
REAP/HEAR (Support Cost)
Pathways (A&I)
Voice for Change England (BFP)		 31.3.22
£
46,903
9,470
16,023
36,007
1,746
36,793
11,292
1,469
8,321
844
168,868
31.3.22
£
500
500
9,980
1,000
-
-
31,000
6,000
4,543
-
1,849
-
-
30,007
2,590
11,292
4,175
9,790
-
-
45,172
1,000
-
-
9,470
168,868		 31.3.21
£
45,671
-
15,775
11,500
938
44,255-
11,292
5,084
-
11,246
145,761
31.3.21
£
-
500
9,875
1,000
500
3,071
31,000
1,000
3,000
938
750
2,500
8,175
7,500
-
11,292
4,175
-
650
5,084
44,255
-
500
9,996
-
145,761

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

4. CHARITABLE ACTIVITIES COSTS

Direct costs
Support
costs
(See note 5)
£
£
Advice and Information (A&I)
40,430
2,885
Children’s/Youth Project (ACPG/YP)
12,639
1,884
Befriending Project (BFP)
6,042
3,428
Cultural/Educational Expenditure and Library (CEE&L)
1,474
272
Covid 19 Support and Assistance (CSA)
3,964
30,007
Digital Inclusion Project (DIP)
18,779
16,680
Elderly Club/Carers Breaks (EAP)
7,515
3,777
Health and Care Support Project (H&CS)
1,469
-
Household Winter Support (HWS)
6,276
2,045
Training Programmes (TP)
844
-
99,432
60,978
5.
SUPPORT COSTS
Charitable
activities
Governance
costs
£
£
Support Costs
55,911
5,067
Basis of allocation
31.3.22
£
Charitable activities
Salaries and wages
Estimate of the time
12,051
Office costs
Based on the needs of the various projects
11,273
Furniture/equipment
Usage
284
Refreshments/catering
Based on the needs of the various projects
1,213
Insurance
Based on the needs of the various projects
1,673
Travel expenses
Based on the needs of the various projects
334
Sundry expenses
Based on the needs of the various projects
76
Volunteers’ expenses
Based on the needs of the various projects
173
Subscription/membership
Based on the needs of the various projects
203
Depreciation
Based on the needs of the various projects
562
Legal and professional
Based on the needs of the various projects
630
Publications/newsletters
Based on the needs of the various projects
1,262
Donation (Hayastan All Armenia Fund)
Based on the needs of the various projects
-
Donation (Humanitarian Aid Relief Trust)
Based on the agreement
350
Consultancy/research costs
Based on the needs of the various projects
1,110
31,194
Basis of allocation 31.3.22
£
Governance costs
Auditors’ remuneration
Based on the needs of the various projects
3,000
Bookkeeping/payroll
Based on the needs of the various projects
2,067
5,067
3,843

Office costs include the following items: premises repairs & maintenance, light and heat, water rates, phones/fax, postage and printing.

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

6. NET INCOME

Net income is stated after charging:

31.3.22 31.3.21
£ £
Auditors' remuneration 2,050 2,050
Auditors' remuneration – Other Services 950 950
Depreciation - owned assets **562 ** 137

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.22 31.3.21
Advice and Information 1 1
Health Advocacy Project 1 1
Administration and governance 1 1
Digital Inclusion Project Co-Ordinator 1 1
4 4

No employees received emoluments in excess of £60,000 (2021: nil).

Key Management Remuneration

The key management personnel of the charity comprise the Chief Executive Officer. The total wages of the key management personnel of the charity were £48,207 (2021: £45,173).

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total funds
funds funds
£ £ £
INCOME FROM
Donations and legacies 144,540 - 144,540
Charitable activities
Advice and Information (A&I) 500 45,171 45,671
Children’s/Youth Project (ACPG/YP) - 15,775 15,775
Covid 19 Support and Assistance (CSA) - 11,500 11,500
Cultural/Educational Expenditure and Library (CEE&L) - 938 938
Digital Inclusion Project (DIP) - 44,255 44,255
Elderly Club/Carers Break (EAP) - 11,292 11,292
Health and Care Support Project (H&CS) - 5,084 5,084
Training Programme (TP) - 11,246 11,246
Investment Income **157 ** - **157 **
Total 145,197 145,261 290,458

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
restated restated restated
Unrestricted Restricted Total funds
funds funds
£ £ £
EXPENDITURE ON
Charitable activities
Advice and Information (A&I) 10,209 43,703 53,912
Children’s/Youth Project (ACPG/YP) 3,431 15,166 18,597
Covid 19 Support and Assistance (CSA) 1,810 8,120 9,930
Digital Inclusion Project (DIP) 12,556 56,337 68,893
Elderly Club/Carers Break (EAP) 1,968 8,832 10,800
Health and Care Support Project (H&CS) 499 2,239 2,738
Training Programmes (TP) 899 4,033 4,932
Fundraising and Publicity 1,535 **6,831 ** 8,366
Total 32,907 145,261 178,168
NET INCOME BEFORE TRANSFERS 112,290 - 112,290
Transfers between funds 217,031 (217,031) -
NET INCOME 329,321 (217,031) 112,290
RECONCILIATION OF FUNDS
Total funds brought forward 55,141 255,706 310,847
TOTAL FUNDS CARRIED FORWARD **384,462 ** 38,675 **423,137 **
10. TANGIBLE FIXED ASSETS
Equipment,
Freehold fixtures and
property fittings Motor vehicle Totals
£ £ £ £
COST
At 1 April 2021 and 31 March 2022 216,712 46,407 28,277 291,396
Additions - 5,420 - 5,420
Disposals - **(45,860) ** (74,137)
At 31 March 2022 216,712 **5,967 ** 28,277 222,679
DEPRECIATION
At 1 April 2021 - 46,088 28,277 74,365
Charge for year - 562 - 562
Eliminated on disposals **(45,860) ** (74,137)
At 31 March 2022 - 790 28,277 790
NET BOOK VALUE
At 31 March 2022 216,712 5,177 - 221,889
At 31 March 2021 216,712 319 - 217,031

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CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22 31.3.21
£ £
Trade debtors 3,514 100
Other debtors 39 26
Prepayment and accrued income 4,143 2,202
7,696 2,328

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Accrued expenses and deferred income		 31.3.22
£
2,304
3,050
**5,354 **		 31.3.21
£
4,408
11,670
16,078

Included within creditors is deferred income of £nil (2021: £8,470). Deferred income relates to funds received in advance from Voice 4 Change £nil (2021: £8,470).

13. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net Transfers
movement in between
At 1.4.21 funds funds At 31.3.22
restated
£ £ £ £
Unrestricted funds
General fund 94,250 39,425 4,620 138,295
Designated Funds:
Building and equipment fund 40,000 - - 40,000
Contingency fund 33,500 - - 33,500
Freehold property fund 216,712 - - 216,712
384,462 39,425 4,620 428,507
Restricted funds
Advice and Information (A&I) - 4,500 (4,000) 500
Capital Expenditure and Building Costs 2,150 - - 2,150
Children’s/Youth Project (ACPG/YP) - 1,500 - 1,500
Digital Inclusion Project (DIP) - 1,334 (620) 714
Health and Care Support Project (H&CS) 36,525 2,036 - **38,561 **
38,675 9,370 (4,620) 43,425
TOTAL FUNDS **423,137 ** 48,795 - **471,932 **

Page 29

DocuSign Envelope ID: 1330BA2E-50FB-40A2-9910-67CE3CE3AF30

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement in
resources expended funds
£ £ £
Unrestricted funds
General fund 40,337 (912) 39,425
Restricted funds
Advice and Information (A&I) 46,903 (42,403) 4,500
Befriending and Outreach Project (BOP) 9,470 (9,470) -
Children’s/Youth Project (ACPG/YP) 16,023 (14,523) 1,500
Covid 19 Support and Assistance (CSA) 30,007 (30,007) -
Cultural/Educational Expenditure and Library (CEE&L) 1,746 (1,746) -
Digital Inclusion Project (DIP) 36,793 (35,459) 1,334
Elderly Club/Carers Break (EAP) 11,292 (11,292) -
Health and Care Support Project (H&CS) 7,469 (5,433) 2,036
Household Winter Support (HWS) 8,321 (8,321) -
Training Programmes (TP) 844 (844) -
168,868 (159,498) 9,370
TOTAL FUNDS 209,205 **(160,410) ** (48,795)
Comparatives for movement in funds
Net Transfers
movement in between
At 1.4.20 funds funds At 31.3.21
restated restated restated restated
£ £ £ £
Unrestricted Funds
General fund 34,591 112,290 (52,631) 94,250
Building and equipment fund - - 40,000 40,000
Contingency fund 20,552 - 12,948 33,500
Designated funds 216,712 - - 216,712
271,855 112,290
317		 384,462
Restricted Funds
Advice and Information (A&I) - 1,468 (1,468) -
Capital Expenditure and Building Costs 2,150 - - 2,150
Children’s/Youth Project (ACPG/YP) - 609 (609) -
Covid 19 Support and Assistance (CSA) - 3,380 (3,380) -
Cultural/Educational Expenditure and Library - 938 (938) -
(CEE&L)
Digital Inclusion Project (DIP) - (12,082) 12,082 -
Elderly Club/Carers break (EAP) - 2,460 (2,460) -
Health and Care Support Project (H&CS) 36,842 2,845 (3,162) 36,525
Training Programmes (TP) - 7,213 (7,213) -
Fundraising and Publicity (FP) - (6,831) **6,831 ** -
38,992 -
(317)		 38,675
TOTAL FUNDS 310,847 112,290
-		 **423,137 **

Page 30

DocuSign Envelope ID: 1330BA2E-50FB-40A2-9910-67CE3CE3AF30

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement in
resources expended funds
restated restated
£ £ £
Unrestricted funds
General fund 145,197 (32,907) 112,290
Restricted funds
Advice and Information (A&I) 45,171 (43,703) 1,468
Children’s /Youth Project (ACPG/YP) 15,775 (15,166) 609
Covid 19 Support and Assistance (CSA) 11,500 (8,120) 3,380
Cultural/Educational Expenditure and Library (CEE&L) 938 - 938
Digital Inclusion Project (DIP) 44,255 (56,337) (12,082)
Elderly Club/Carers Break (EAP) 11,292 (8,832) 2,460
Health and Care Support Project (H&CS) 5,084 (2,239) 2,845
Training Programmes (TP) 11,246 (4,033) 7,213
Fundraising and Publicity (FP) - (6,831) (6,831)
145,261
(145,261)		 -
TOTAL FUNDS 290,458
**(178,168) **		 **(112,290) **

Purposes of restricted funds

These funds are held to further charitable activities as explained in the Report of the Trustees'.

Purposes of Designated funds

Building and equipment fund: Building and equipment fund – The trustees have designated funds to enable the charity to preserve the high-quality condition of the Charity’s freehold property, to fund any legal issues if they arise in relation to that building and to replace the charity’s other fixed assets as and when they reach the end of their economic lives.

Contingency fund: The Trustees have designated funds to enable the charity to function if adversely affected by unforeseen circumstances. This fund would allow the charity to meet contractual obligations in respect of staff salaries, running and legal costs and client service provisions.

Freehold property fund: This fund represents the carrying value of freehold property. The Trustees consider that the property is critical for the operation of the charity and thus feel that it is appropriate to ‘ringfence’ the reserves represented by this asset.

Transfers between funds

During the year subsidies were made between restricted funds in the amount of £nil (2021: £39,857) in order to cover support costs arising on individual projects in the 2021/22 financial year.

During the year a transfer made between general fund to contingency fund £nil (2021: £12,948) in accordance with the reserves policy.

During the year a transfer made between general fund to building and equipment fund £nil (2021: £40,000).

During the year transfer made between restricted funds to general funds in the amount of £4,620 (2021: £nil) in order to correct the misallocation of fund balances in the 2021/22 financial year.

Page 31

DocuSign Envelope ID: 1330BA2E-50FB-40A2-9910-67CE3CE3AF30

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

14. RELATED PARTY DISCLOSURES

Other than key management Compensation disclosed in Note 9, there were no related party transactions for the year ended 31 March 2022 nor for the year ended 31 March 2021.

15. DEFERRED INCOME

Balance as at 1stApril
Amount released to income in the year
Amount deferred in the year
Balance as at 31stMarch		 31.3.22
£
8,470
(8,470)
-
-		 31.3.21
£
-
-
8,470
8,470

16. CONTINGENT LIABILITY

If the charity’s freehold property is disposed of within a period of 80 years from 2004, then a refurbishment grant received would become repayable amounting to £144,919. The trustees have no plan to dispose of the property considering the property to be vital to the operations of the charity.

17. RECLASSIFICATIONS AND COMPARATIVE FIGURES

Historically, the charity recognised the net book value of its tangible fixed assets as a restricted fund. The Trustees have reconsidered the appropriateness of this policy and have determined that it would be more appropriate to classify the net book value of the charity’s freehold property as a designated fund. This resulted in an adjustment to the charity’s reserves as at 1 April 2020, resulting in £216,712 being reclassified as unrestricted. Equipment with a net book value of £319 was also reclassified as unrestricted, but is not part of the designated fund.

18. HERITAGE ASSETS

CAIA library is a major resource centre, which documents the history, culture and other subjects related to Armenians. The library holds a wealth of material relating to the Armenian history, people, literature, art, politics, Armenian Genocide and language.

Library opening hours are from 9:00 – 16:00 by appointment.

CAIA have adopted criteria to ascertain whether an item should be acquired or not. These are as follows:

The materials so far held by the CAIA is in the form of books, journals, maps, photographs, paintings, newspapers, newsletters, calendars, DVDs, CDs, cassettes, videos, and various other artifacts relating to Armenia or Armenians. Collection materials are classified and kept for permanent preservation. Any item held which is not deemed to be suitable for the CAIA will be returned to the donor or by request of the donor will be disposed of by the CAIA. The CAIA does not generally purchase items from the public. However, in very rare cases if they are considered extremely important to the aims of the library, CAIA will consider making purchases in exceptional circumstances.

The detailed cataloguing of the library is an on-going process.

19. COMPANY LIMITED BY GUARANTEE

The charitable company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up, for payments of the debts and liabilities of the company, such amount as may be required, not exceeding £1.

Page 32

DocuSign Envelope ID: 1330BA2E-50FB-40A2-9910-67CE3CE3AF30

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022


INCOME
Donations and legacies
Membership fees
Donations
Legacy
Gift aid
Other fundraising income
Investment income
Deposit account interest
Charitable activities
Statutory grants
Grants from trusts
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Subcontractor labour
Publications/newsletters
Furniture/equipment
Refreshments/catering
Events and outings
Minibus
Travel expenses
Training
Sundry expenses
Volunteers’ expenses
Digital communications/zoom/web
Subscription/membership
Compliance costs
Household Winter Support		 31.3.22
restated
£
5,458
26,151
-
1,868
5,373
38,850
57
27,847
142,451
170,298
209,205
85,532
7,984
10,380
-
-
570
6,905
2,158
905
678
1,370
1,354
1,080
559
114
4,560
124,149		 31.3.21
restated
£
4,707
16,666
117,079
3,943
2,045
144,440
157
18,067
127,794
145,861
290,458
78,726
3,216
9,040
2,604
552
1,761
5,775
2,147
1,540
2,030
1,391
648
670
555
1,239
-
111,894

Page 33

DocuSign Envelope ID: 1330BA2E-50FB-40A2-9910-67CE3CE3AF30

CENTRE FOR ARMENIAN INFORMATION AND ADVICE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Support costs
Charitable activities
Wages
Social security
Office costs
Publications/newsletters
Furniture/equipment
Refreshments/catering
Insurance
Travel expenses
Sundry expenses
Subscription/membership
Legal and Professional
Donation
Consultancy/research costs
Depreciation
Volunteers’ expenses
Governance costs
Auditors' remuneration
Bookkeeping/payroll
Total resources expended
Net income		 31.3.22
restated
£
10,858
1,193
11,273
1,262
284
1,213
1,673
334
76
203
630
350
1,110
562
173
31,194
3,000
2,067
5,067
160,410
48,795
 31.3.21
restated
£
10,190
1,103
34,562
5,201
-
28
1,723
167
10
251
5,796
3,000
250
137
13
62,431
3,000
843
3,843
178,168
112,290

Page 34