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← Centre For Armenian Information And Advice

2025-03-31-accounts

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

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

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR

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

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 13
Report of the Independent Examiners 14
Statement of Financial Activities 15
Balance Sheet 16
Notes to the Financial Statements 17 to 27
Detailed Statement of Financial Activities
 28 to 29

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

BOARD OF TRUSTEES /DIRECTORS

V Keshishi - Resigned 11 August 2024 F Mansurian - Treasurer Re-elected 16 November 2024 V Nicholls - Co chair K Alexanian - Secretary A Der Hagopian – Vice Treasurer A Sarkis - Co chair N Mesilane - Director Elected on 16 November 2024

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)

INDEPENDENT EXAMINER

Cox Costello & Horne Partners LLP Chartered Accountants and Tax Advisors Batchworth Lock House 99 Church Street, Rickmansworth WD3 1JJ

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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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 31 January 2022).

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 particularly in London, and 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 promote any charitable purpose for the benefit of the Armenian Community in the United Kingdom predominantly living in London, and people connected with such Armenian Community, by the advancement of education, the protection of health and the relief of poverty and distress.

These aims are pursued through the following strands of work:

During 2024/2025, CAIA provided a wide range of relevant services to diverse age groups, and those in disadvantaged circumstances within the Armenian community in London. In particular, the organisation provided:

1.3 Statement on 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 most 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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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

1.4 Grantmaking

CAIA is not a grantmaking charity but may act as intermediary between grantmaking organisations such as the London Borough of Ealing 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 2024/25 which reflect how we as a UK based charity have coped with the various local challenges experienced by disadvantaged UK Armenians such as low incomes, digital exclusion, food/fuel poverty and the cost-of-living crisis. UK Armenians in general are also not immune to the continual conflicts in the Middle East or Eastern Europe, given the vulnerabilities and insecurities experienced by Armenian communities in Ukraine, Turkey, Iran, Syria, Lebanon and Jerusalem as well as the refugee crisis in the republic of Armenia, following the ethnic cleansing of the Armenians of Artsakh (Nagorno-Karabakh). As Armenians live across the world in diaspora, it is inevitable for there to be a need to support people as different countries experience ‘conflict’.

3) WELFARE PROGRAMME

3.1 Advisory Support Service

Thanks to the support of City Bridge Foundation , CAIA's Advisory Support service operated 240 days during the year, providing faceto-face, online, phone and e-mail support to marginalised Armenians and those subsisting on low incomes irrespective of background, gender, faith, age, sexual orientation, political views or disability in a safe, secure and welcoming environment in accordance with CAIA's Equality and Diversity Policy.

Thanks to CAIA's Advice Officer Arthur Manouk Cahill cases were progressed until resolved in accordance with the Advice Quality Standard (AQS) for Housing with Casework, Welfare Benefits with Casework, and Immigration

Casework Level 1. This often involved

liaising and entering into regular dialogue with various statutory and non-statutory bodies to address diverse barriers our clients experience in accessing services or obtaining help in dealing with emergencies. 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, the advisory service helped 527 people with 3,493 instances of bespoke advice and interventions resulting in improvements in living standards, increased awareness about rights and confidence to live and manage independently in UK.

The majority were residents of the London Borough of Ealing (190), followed by Hounslow, Brent, Hammersmith & Fulham, Hillingdon, Harrow, and further afield. The advisory clients were born in 28 different counties with the majority from Armenia, Iran, Ukraine, Lebanon and Russia, and other socially/politically unstable parts of the world. 28% were new clients, 72% clients returned with new issues or unfinished from the year before. The age range of most beneficiaries was 25-64 years old (151 out of 527), while 25% struggled to speak/write or communicate in the English language effectively.

As a result:

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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.

Improving, empowering and upskilling of clients

Feedback from service users

Case Studies – The Impact

CAIA’s advisory services are a lifeline for disadvantaged Armenians in London, offering support that enables individuals to rebuild their lives with dignity and independence. Every week, we assist community members in navigating complex systems to access their statutory rights—often a challenging task due to language, bureaucratic, and financial barriers.

The following case study illustrates the life-changing difference our work can make during a time of crisis.

Case Study: Ms. H

Background:

Ms. H faced acute housing insecurity due to the unaffordability of private rental accommodation. Her situation was further complicated by deteriorating health and limited mobility, making the need for safe, stable housing all the more urgent.

How CAIA Helped

Through dedicated advocacy, CAIA successfully worked with Ealing Council to secure permanent social housing for Ms. H. The new accommodation meets her accessibility needs and offers a stable, long-term solution.

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Outcome

Ms. H now lives in secure, accessible social housing. Her rent is managed through Universal Credit, her council tax is registered, and her application for financial support (including WaterSur e) is in progress. She has avoided falling into arrears and gained a stable, manageable living situation that supports both her physical and financial well-being.

Broader Impact

Ms. H’s story goes beyond individual support. Her experience with CAIA led her to become a member and a registered volunteer, committed to giving back to the community that helped her.

This case reflects a broader truth: CAIA’s relationship with its service users is built on trust, mutual respect, and empowerment. Many go on to become active contributors to our work—creating a powerful cycle of community-driven support that strengthens both CAIA and the Armenian community, particularly in London.

3.2 Health and Care Service

Supporting Older people and Carers

During the reporting period, CAIA delivered 49 weekly Friday sessions of its Elders and Carers Lunch Club, benefiting 130 unique individuals. There were 950 attendances in total. The main funding for this service came through the Connect Ealing Consortium, led by Befriend and commissioned by Ealing Council.

Activities at the Club included health talks, light exercise sessions, board games, snooker, and bingo. In September 2024, with support from RM Partners – West London Cancer Alliance, we hosted a successful cancer awareness talk delivered by Dr. Seta Boghossian, Chair of the Armenian Medical Association of Great Britain.

Also in September 2024, we held an interactive Falls Prevention and Awareness event, supported by Ealing Council’s Falls Service . Following the presentation, small group sessions were conducted for individual falls risk assessments, where participants received personalised advice on how to reduce their risk of falling.

A highlight of the year was our annual Senior Christmas Party, which has been a cherished tradition for over 35 consecutive years. In December, nearly 100 seniors and carers joined the celebration, along with special guests including the Worshipful Mayor of Ealing, Councillor Y. Johnson.

All of these activities also offer valuable respite and short breaks for carers. This is made possible in part by CAIA’s free door-to-door minibus transport, allowing those they care for to enjoy a hot meal and culturally enriching, stimulating activities in a safe, secure, and trusted environment.

Befriending Project

CAIA’s confidential Befriending project continued to address the multiple challenges faced by isolated and often housebound disabled Armenians. The service operated thanks to volunteers who provided invaluable moral support to some of the most vulnerable Armenians through occasional telephone calls or home/hospital visits. The service managed by CAIA’s Operational Manager Melanie Momdjian fully trained volunteers to maintain the high standards of the service which benefited nine people.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

4) EDUCATION AND TRAINING

4.1 Digital Inclusion project - Addressing the Digital Divide and Promoting Digital Literacy within the Armenian Community

At CAIA, we believe that access to technology is a fundamental human right. By tackling digital inequality, we aim to promote greater social inclusion, improve access to education and economic opportunities, and enhance the overall well-being of our community members.

In 2024/25, with support from The Good Things Foundation and a small capital grant from the London Borough of Ealing, CAIA provided refurbished laptops and one-to-one IT support to 10 individuals — primarily women aged 50 and over. This initiative not only offered immediate relief to those facing digital exclusion but also fostered long-term independence and resilience within the community.

Thanks to the National Databank, we also distributed free Vodafone/O2 SIM cards, along with one-to-one practical guidance on how to use mobile phones securely and how to install and communicate through apps such as WhatsApp.

Collaborations

During the reporting period, we collaborated with the National Institute for Health and Care Research (NIHR). We supported a team of researchers from the University of Cambridge, Imperial College London, and Newcastle University who were exploring how individuals supported by community organisations like CAIA used digital technology during and after the COVID-19 pandemic. The study also examined the impact of this technology use on mental health and well-being. The research findings have been published online.

Locally and regionally, we continued to cooperate with others on common challenges facing our community and others regarding digital exclusion. Specifically, with:

4.3 Pre-School Learning Provision and Summer Holiday Project

The Armenian Community Pre-School Group (ACPG) operates twice weekly in the mornings and during school holidays, when the older school children attend and benefit also from the diverse activities and outings. The ACPG helps to sustain the cultural heritage of children through multi-lingual learning, play and school preparation. The provision also enables opportunities for new parents to connect, reduce isolation and provide mutual support to each other.

In the reporting period:

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

The CAIA charity wishes to acknowledge and thank The Benlian Trust, the Barkev Kassardjian Sis Trust and the Young Ealing Foundation 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 National Lottery Awards for All, the Young Ealing Foundation, and the Jack Petchey Foundation, CAIA’s Youth Club successfully delivered 15 after-school sessions at Hayashen in a safe and welcoming environment, alongside three exciting outings.

These sessions provided valuable opportunities for young people to socialise, build friendships, and engage in meaningful activities. They also benefited from the guidance of our youth worker, Venetia Abrahamian, and guest speakers who led a variety of interactive and stimulating workshops.

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Highlights of HAYC Activities 2024/2025:

Free snacks and light refreshments were offered to encourage communal meals, fostering a sense of connection, cooperation, and shared experience. Throughout the year, young people played an active role in shaping their learning by offering ideas, asking questions, and participating in discussions. These experiences supported their personal growth, strengthened their identity, and improved their resilience as young Armenians growing up in London.

In addition to workshops, participants enjoyed recreational activities such as pool, table tennis, table football, board games, arts and crafts, and Armenian TV and music of their choice. They were also encouraged to celebrate birthdays at the Club, which helped create lasting memories and strengthen peer bonds.

Each year, HAYC nominates three young people for the Jack Petchey Foundation Young Achiever Award . In February 2025, a special celebration at Greenford Hall recognised their achievements alongside over 100 other local awardees. This year, CAIA CEO Misak Ohanian was also honoured with a Leader’s Award in recognition of his contributions to Hayashen Youth Club.

Impact Summary During the reporting period, 100 young Armenians benefited from HAYC. The programme:

CAIA extends its heartfelt thanks to the Young Ealing Foundation , London Youth , and all supporters who helped secure funding, training, and resources for our staff, volunteers, and young people. We are also deeply grateful to the professionals and positive role models who contributed their time and expertise to our youth programme.

Below is a summary of the views young people expressed about HAYC via formal feedback survey.

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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, and 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 2024/2025.

Thanks to funding from Ealing Adult Learning, the “Introduction to Armenian History, Culture and Heritage ” course was delivered for the 16[th] successive year during February and March 2025 over six Sundays. Sixty people from various backgrounds, ethnicities and ages registered for the programme with 120+ attendances overall to benefit from the sessions and follow up Q & As and lively discussions.

The titles of the presentations and speakers were:

Everyone attending was very pleased with the series. Those attending enjoyed and learned from each session. Learners also appreciated the food/refreshments served at the end of each session which encouraged networking and social interaction among diverse people who might not normally meet or know each other beforehand. These events also provide CAIA with the opportunity to engage with many people who do not normally use its services or attend the Centre.

All six sessions were digitally recorded and will be displayed on CAIA’s YouTube channel.

5) PUBLICATIONS, COMMUNICATIONS AND DIGITAL PLATFORMS

Armenian Voice is CAIA's most consistent publicity tool. First published in 1987, it is the longest continuous Armenian publication in the history of UK Armenians.

The publication reflects CAIA’s activities and promotes its services by mailing it free to 3,000 Armenian homes scattered across the UK. One issue (No 77) was published in 2024 due to increased printing and postage costs.

CAIA’s monthly Hayashen News e-Bulletin was published regularly throughout the reporting period and reaches over 4,500 UK Armenians to promote forthcoming activities, outings and news. A further 1,000 copies are emailed across the world to various institutions, publications and decision makers.

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

CAIA also used the following social media platforms to engage with UK Armenians and further afield:

We continued to increase the use of social media to promote CAIA’s services, profile and engagement with UK Armenians. This has resulted in an increasing number of people contacting CAIA from across UK and abroad about our various services.

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

6) COOPERATION WITHIN THE VOLUNTARY AND COMMUNITY SECTOR

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 financial 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.

7.3 Purpose

The CAIA reserves policy is set to ensure our work is protected from the risk of disruption at short notice due to a lack of funds, whist at the same time ensuring we do not retain income for longer than required. 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. Specifically, it enables CAIA to:

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 deficit for the year of £3,084 (2024: £4,035 deficit) and our total reserves as at 31 March 2025 amounted to £447,656 (2024: £450,740).

8) FUTURE PLANS

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

Organisational Objectives and Priorities

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

9) STRUCTURE, GOVERNANCE AND MANAGEMENT

9.1 Governing document

The 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 financial statements which have been subject to an independent examination comply with the Charities Statement of Recommended Practice - Accounting and Reporting by Charities FRS 102 effective January 2019 and Companies Act 2006 and FRS 102 itself. The Report of the Trustees and financial statements are submitted to the Charity Commission and Companies House following approval by the membership at the Annual General Meeting (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 to ensure the good governance of the charity.

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 the 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. In addition to the CEO being line-managed by the Chair on behalf of the Board, his 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.

The following is a summary of the achievements of the Board of Trustees during 2024/2025:

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 the payment of key management compensation.

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/biennially as appropriate, 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 and 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 seeking contributions for activities and looking at possible new fundraising initiatives.

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.

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

12) STATEMENT OF 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 these 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.

Approved by the Board of Trustees on 23 October 2025 and signed on its behalf by:

................................................. ................................................. [ VanSignedF971F36CED574FA... by: Mavolls ASigned86EE2315995348A.... Ne by: Kis V Nicholls A. Sarkis Co-Chair, Board of Trustees Co-Chair, Board of Trustees

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Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CENTRE FOR ARMENIAN INFORMATION AND ADVICE

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of the Centre for Armenian Information and Advice (‘the charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of a charitable company, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a ‘true and fair’ view, and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Michael F Cox FCA 404EE733CB1C4F7... The Institute of Chartered Accountants in England and Wales

Cox Costello & Horne Partners LLP Chartered Accountants and Tax Advisors Batchworth Lock House, 99 Church Street, Rickmansworth, WD3 1JJ

Date: 23/10/2025

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STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND EXPENDITURE
Donations
Charitable activities
Advice and Information (A&I)
Advice Workforce Development Programme (AWDP)
Children’s/Youth Project (ACPG/YP)
Cultural/Educational Expenditure and Library (CEE&L)
Digital Inclusion Project (DIP)
Elderly Club/Carers Break (EAP)
Health and Care Support Project (H&CS)
Household Winter & Cost of Living Support (H&CLS)
Training & Development & Consultation Programmes (TDCP)
Deposit Account Interest
Total
EXPENDITURE ON
Charitable activities
Advice and Information (A&I)
Advice Workforce Development Programme (AWDP)
Children’s/Youth Project (ACPG/YP)
Cultural/Educational Expenditure and Library (CEE&L)
Digital Inclusion Project (DIP)
Elderly Club/Carers Break (EAP)
Emergency Humanitarian Relief Efforts (HRE)
Health and Care Support Project (H&CS)
Household Winter & Cost of Living Support (HW&CLS)
Training & Development & Consultation Programmes (TDCP)
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movements in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Not
es
2
3
4		 Unrestricted
funds
Restricted
funds
31.3.25
31.3.24
Total funds
Total funds
£
£
£
£
49,551
-
49,551
62,931
-
37,300
37,300
49,158
-
10,000
10,000
10,000
-
16,764
16,764
17,880
-
1,440
1,440
1,440
-
15,717
15,717
4,859
-
-
-
7,646
-
500
500
-
-
30,500
30,500
28,129
-
10,000
10,000
-
7,140
-
7,140
6,560
56,691
122,221
178,912
188,603
13,987
37,300
51,287
62,534
3,145
10,000
13,145
12,721
5,272
16,764
22,036
22,984
453
1,440
1,893
1,831
4,835
15,372
20,207
9,680
10,318
-
10,318
9,735
-
-
-
8,678
3,800
6,073
9,873
28,692
9,592
30,500
40,092
35,783
3,145
10,000
13,145
-
54,547
127,449
181,996
192,638
13 2,144
(5,228)
(3,084)
(4,035)
1,060
(1,060)
-
-
3,204
(6,288)
(3,084)
(4,035)
442,302
8,438
450,740
454,775
445,506
2,150
447,656
450,740

15

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

BALANCE SHEET AS AT 31 MARCH 2025

31.3.25 31.3.24
Unrestricted
funds		 Restricted
funds		 Total funds Total funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 10 220,435 - 220,435 220,454
CURRENT ASSETS
Debtors 11 - 12,731 12,731 2,516
Cash at bank and in hand 217,742 2,150 219,892 231,238
217,742 14,881 232,623 233,754
CREDITORS
Amounts falling due within one year 12 - (5,402) (5,402) (3,468)
NET CURRENT ASSETS 217,742 9,479 227,221 230,286
TOTAL ASSETS LESS CURRENT LIABILITIES 438,177 9,479 447,656 450,740
NET ASSETS 447,656 450,740
FUNDS 13
Unrestricted funds 445,506 442,302
Restricted funds 2,150 8,438
TOTAL FUNDS 447,656 450,740

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 23 / 10 / 2025 and were signed on its behalf by:

V. Nicholls A. Sarkis Co-Chair, Board of Trustees

Co-Chair, Board of Trustees

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

16

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

1.1) Basis of preparing the financial statements

The Charity is a public benefit entity and 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 charity 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.

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 £.

1.2) Preparation of the financial statements on a going concern basis

The financial statements are drawn up on the going concern basis which assumes that the Centre for Armenian Information and Advice (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 the 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.

1.3) 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 trustees do not consider that on significant judgements or key sources of estimation uncertainty were involved in the preparation of these financial statements, The principal accounting policies adopted are as follows:

1.4) 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. All 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.

17

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

ACCOUNTING POLICIES- continued

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.

Governance costs are as ‘the costs associated with the governance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity e.g. the cost of trustee meetings, preparing statutory financial statements and the independent examiners fees. Included within this category are any costs associated with the strategic as opposed to day-to-day management of the charity’s activities.’

1.5) Tangible fixed assets

Depreciation is provided on tangible fixed assets at the following annual rates in order to write off each asset over its estimated useful life.

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

Freehold land is not depreciated. 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 purchase price together with the cost of improvement works.

1.6) Heritage Asset

The charity has a heritage asset in the form of its library. The contents of the library have 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 statements nor be a good use of the charity’s resources.

18

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

ACCOUNTING POLICIES- continued

1.7) 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 .

1.8) 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 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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for 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.

1.9) Fund accounting

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 and other creditors. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. DONATIONS

Donations
Gift aid
Subscription contributions
Other fundraising income		 31.3.25
£
31,998
6,054
3,253
8,246
49,551		 31.3.24
£
35,889
15,621
4,643
6,778
62,931

19

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2025

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Grants
Advice and Information (A&I)
Grants
Advice Workforce Development Programme (AWDP)
Grants
Children’s/Youth Project (ACPG/YP)
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 & Cost of Living Support (HW&CLS)
Grants
Training & Development & Consultation Programmes (TDCP)
FUNDERS
Advice UK/Propel
Barkev Kassardjian Sis Trust (ACPG/YP)
BBC Children in Need (ACGP/YP)
Benlian Trust (ACPG)
British Science Association
City Bridge Foundation (A&I)
Institute of Development Studies / Art & Health Project
Good Things Foundation
Jack Petchey Foundation (YP)
Local Giving & Post Code Community
London Borough of Ealing (Adult Learning)
London Borough of Ealing/Carers Respite/Dementia Concern (EAP)
London Borough of Ealing/Connecting Communities
London Borough of Ealing/EAS Mencap (A&I)
London Borough of Ealing/Household Support Fund (HWS)
London Borough of Ealing/Warming Space
London Community Foundation
London Legal Trust (AWDP)
National Lottery-Awards for All
Pathways Trust
RMP Cancer Awareness
Young Ealing Foundation (ACPG/YP)
Grants received, included in the above, are as follows:		 31.3.25
£
37,300
10,000
16,764
1,440
15,717
-
500
30,500
10,000
122,221
31.3.25
£
10,000
500
-
500
-
33,000
-
6,000
1,900
-
1,440
-
9,717
4,300
30,500
-
-
10,000
10,364
-
500
3,500
122,221		 31.3.24
£
49,158
10,000
17,880
1,440
4,859
7,646
-
-
28,129
119,112
31.3.24
£
-
500
9,980
500
500
34,920
1,500
-
1,900
500
1,440
5,646
4,859
4,238
18,245
1,500
9,884
10,000
-
10,000
-
3000
119,112

20

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS – Continued FOR THE YEAR ENDED 31 MARCH 2025

4. CHARITABLE ACTIVITIES COSTS

5. SUPPORT COSTS
Basis of Allocation
Charitable activities
Salaries and wages
Estimate of the time
Office costs
Based on the needs of the various projects
Furniture/equipment
Usage
Refreshments/catering
Based on the needs of the various projects
Repairs & maintenance
Based on the needs of the various projects
Insurance
Based on the needs of the various projects
Travel expenses
Based on the needs of the various projects
Sundry expenses
Based on the needs of the various projects
Volunteers’ expenses
Based on the needs of the various projects
Subscription/membership
Based on the needs of the various projects
Depreciation
Based on the needs of the various projects
IT Peripherals/Maintenance
Based on the needs of the various projects
Marketing/Publications/newsletters
Based on the needs of the various projects
Consultancy/research costs
Based on the needs of the various projects
Bad debt written off
Based on the needs of the various projects
Governance costs
Independent Examiner’s remuneration
Based on the needs of the various projects
Bookkeeping/payroll
Based on the needs of the various projects
Total Support Cost
Advice and Information (A&I)
Advice Workforce Development Programme (AWDP)
Children's & Youth Project (ACPGNP)
Cultural Educational Expenditure and Library (CEE&L)
Digital Inclusion Project (DIP)
Elderly Club/Carers Break (EAP)
Health and Care Support Project (H&CS)
Household Winter & Cost of Living Support (HW&CLS)
Training & Development & Consultation Programmes (TDCP)
TOTAL EXPENDITURE
£
38,252
10,000
11,356
1,440
12,877
7,233
7,963
28,460
10,000
127,581
Direct costs		 31.3.25
£
29,348
6,245
178
668
1,694
3,197
322
84
54
287
1,079
513
4,598
1,300
43
49,610
3,060
1,745
4,805
Support
costs
(See note 5)
54,415
£
13,035
3,145
10,680
453
7,330
3,085
1,910
11,632
3,145
54,415		 Totals
£
51,287
13,145
22,036
1,893
20,207
10,318
9,873
40,092
13,145
181,996
31.3.24
£
24,563
6,269
505
410
3,663
2,342
437
145
565
246
943
-
2,157
-
550
42,795
2,700
2,405
5,105
47,900

Total Support Cost

Office costs include the following items: premises repairs and maintenance; light and heat; water rates; phones; postage and printing.

21

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS – Continued FOR THE YEAR ENDED 31 MARCH 2025

6. NET INCOME

NET INCOME
31.3.25 31.3.24
£ £
Independent Examiner’s remuneration 2,700 2,700
Independent Examiner’s remuneration– Other Services 360 -
Depreciation - owned assets 1,079 943

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There are no trustees' expenses. (2024: £185 incurred by 1 member relating to attendance at trustees’ meetings.)

8. STAFF COSTS

Wages and Salaries
Social Security Costs
The average monthly number of employees during the year was as follows:
Advice and Information
Health Advocacy Project
Administration and governance
Digital Inclusion Project Co-Ordinator		 31.3.25
£
108,415
10,202
118,617
31.3.25
1
0
1
1
3		 31.3.24
£
114,236
10,743
124,979
31.3.24
1
1
1
1
4

No employees received emoluments in excess of £60,000 in the year to 31st March 2025 or in the year ended 31 March 2024.

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 £51,621 (2024: £51,621).

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME FROM
Donations
Charitable activities
Advice and Information (A&I)
Advice Workforce Development Programme (AWDP)
Children’s/Youth Project (ACPG/YP)
Cultural/Educational Expenditure and Library (CEE&L)
Digital Inclusion Project (DIP)
Elderly Club/Carers Break (EAP)
Household Winter & Cost of Living Support (HW&CLS)
Deposit Account Interest
Total		 Unrestricted
Funds
£
62,931
-
-
-
-
-
-
-
6,560		 Restricted
Funds
£
-
49,158
10,000
17,880
1,440
4,859
7,646
28,129
-
119,112		 Total funds
£
62,931
49,158
10,000
17,880
1,440
4,859
7,646
28,129
6,560
69,491 188,603

22

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS – Continued FOR THE YEAR ENDED 31 MARCH 2025

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Net movements in funds
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
NET INCOME/(EXPENDITURE)
EXPENDITURE ON
Charitable activities
Advice and Information (A&I)
Advice Workforce Development Programme (AWDP)
Children’s/Youth Project (ACPG/YP)
Cultural/Educational Expenditure and Library (CEE&L)
Digital Inclusion Project (DIP)
Elderly Club/Carers Break (EAP)
Emergency Humanitarian Relief Efforts (HRE)
Health and Care Support Project (H&CS)
Household Winter & Cost of Living Support (HW&CLS)
Total		 21,270
421,032
442,302
21,270
Unrestricted
Funds
£
13,376
2,721
5,104
391
2,071
2,089
8,678
6,137
7,654
48,221		 (25,305)
33,743
8,438
(25,305)
Restricted
Funds
£
49,158
10,000
17,880
1,440
7,609
7,646
-
22,555
28,129
144,417		 (4,035)
454,775
450,740
(4,035)
Total funds
£
62,534
12,721
22,984
1,831
9,680
9,735
8,678
28,692
35,783
192,638

10. TANGIBLE FIXED ASSETS

COST
At 1 April 2024
Addition
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Freehold
property
£
216,712
-
216,712
-
-
-
216,712
216,712		 3,742
Equipment,
fixtures and
fittings
£
6,966
1,060
8,026
3,224
1,079
4,303
3,723		 -
Motor
vehicle
£
28,277
-
28,277
28,277
-
28,277
-		 220,454
Totals
£
251,955
1,060
253,015
31,501
1,079
32,580
220,435

23

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS – Continued FOR THE YEAR ENDED 31 MARCH 2025

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayment and accrued income
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
13.1) MOVEMENT IN FUNDS
Unrestricted funds
General Fund
Designated Funds
Building and equipment fund
Contingency fund
Freehold property fund
Restricted funds
Capital Expenditure and Building Costs
Digital Inclusion Project (DIP)
Health and Care Support Project (H&CS)
TOTAL FUNDS		 At 1.4.24
£
135,590
50,000
40,000
216,712
442,302
2,150
715
5,573
8,438
450,740		 Net
movements in
funds
£
2,144
-
-
-
2,144
-
345
(5,573)
(5,228)
(3,084)		 Transfer
between
Funds
£
31.3.25
£
-
-
12,731
12,731
31.3.25
£
2,702
2,700
5,402
1,060
-
-
-
1,060
-
(1,060)
-
(1,060)
-		 31.3.24
£
333
43
2,140
2,516
31.3.24
£
768
2,700
3,468
At 31.3.25
£
138,794
50,000
40,000
216,712
445,506
2,150
-
-
2,150
447,656

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS – Continued FOR THE YEAR ENDED 31 MARCH 2025

13.2) MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General Fund
Restricted funds
Advice and Information (A&I)
Advice Workforce Development Programme (AWDP)
Children’s/Youth Project (ACPG/YP)
Cultural/Educational Expenditure and Library (CEE&L)
Digital Inclusion Project (DIP)
Health and Care Support Project (H&CS)
Household Winter & Cost of Living Support (HW&CLS)
Training & Development & Consultation Programmes (TDCP)
Comparatives for movement in funds
Unrestricted funds
General fund
Designated Funds:
Building and equipment fund
Contingency fund
Freehold property fund
Restricted funds
Capital Expenditure and Building Costs
Digital Inclusion Project (DIP)
Health and Care Support Project (H&CS)
TOTAL FUNDS
TOTAL FUNDS		 Incoming
resources
£
56,691
37,300
10,000
16,764
1,440
15,717
500
30,500
10,000
122,221
At 1.4.23
£
114,320
50,000
40,000
216,712
421,032
2,150
3,465
28,128
33,743
178,912
454,775		 Resources
expended
£
(54,547)
(37,300)
(10,000)
(16,764)
(1,440)
(15,372)
(6,073)
(30,500)
(10,000)
(127,449)
(4,035)
Net
movements in
funds
£
21,270
-
-
-
21,270
-
(2,750)
(22,555)
(25,305)
(181,996)		 Movement in
funds
£
2,144
-
-
-
-
345
(5,573)
-
-
(5,228)
(3,084)
At 31.3.24
£
135,590
50,000
40,000
216,712
442,302
2,150
715
5,573
8,438
450,740

25

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS – Continued FOR THE YEAR ENDED 31 MARCH 2025

13.3) MOVEMENT IN FUNDS - continued

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

Restricted funds
Advice and Information (A&I)
Advice Workforce Development Programme (AWDP)
Children' s/Youth Project (ACPGNP)
Cultural/Educational Expenditure end Library (CEE&L)
Digital Inclusion Project (DIP)
Elderly Club/Carers Break (EAP)
Health and Care Support Project (H&CS)
Household Winter & Cost of Living Support (HW&CLS)
TOTAL FUNDS
Unrestricted funds
General Fund		 49,158
10,000
17,880
1,440
4,859
7,646
-
28,129
119,112
69,491
188,603
Incoming
resources
£		 (49,158)
(10,000)
(17,880)
(1,440)
(7,609)
(7,646)
(22,555)
(28,129)
(144,417)
(48,221)
(192,638)
Resources
expended
£		 -
-
-
-
(2,750)
-
(22,555)
-
21,270
Movement in
funds
restated
£
(25,305)
(4,035)

Purposes of restricted funds

The nature of the restricted funds is self-explanatory. 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 transfer made between restricted funds to general funds in the amount of £1,060 (2024: £nil) During the year transfer made between general funds to contingency fund in the amount of £nil (2024: £6,500)

26

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

NOTES TO THE FINANCIAL STATEMENTS – Continued

14 . RELATED PARTY DISCLOSURES

Other than Trustees' remuneration and benefits disclosed in Note 7 and Key management remuneration disclosed in Note 8, there were no related party transactions for the year ended 31 March 2025 nor for the year ended 31 March 2024.

15 . 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.

16. 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.

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

The materials so far held by CAIA is in the form of books, journals, maps, photographs, paintings, newspapers, newsletters, calendars, DVDs, CDs, cassettes, videos, and various other artefacts 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 CAIA will be returned to the donor or by request of the donor will be disposed of by CAIA. 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.

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

17. 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.

27

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

EXPENDITURE
Charitable activities
Wages
Social security
Subcontractor labour
Publications/newsletters
Refreshments/catering
Events and outings
Minibus
Donations (Humanitarian relief for Armenia)
Travel expenses
Training
Volunteers’ expenses
Subscription/membership
Compliance costs
Consultancy
Household Winter & Cost of Living Support(HW&CLS)
(HW&CLS)
Total incoming resources
INCOME
Donations
Donations
Gift aid
Subscription contributions
Other fundraising income
Investment income
Deposit account interest
Charitable activities
Statutory grants
Grants from trusts

28

Docusign Envelope ID: B818A3D9-F646-48D3-93D4-A1571EEA1C3D

CENTRE FOR ARMENIAN INFORMATION AND ADVICE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Support costs
Charitable activities
Salaries and wages
Social security
Office costs
Furniture/equipment
Refreshments/catering
Repairs & maintenance
Insurance
Travel expenses
Sundry expenses
Volunteers’ expenses
Subscription/membership
Depreciation
IT Peripherals/Maintenance
Marketing/Publications/newsletters
Consultancy
Bad debt written off
Governance costs
Independent Examiner’s remuneration
Bookkeeping/payroll
Total resources expended
Net expenditure		 31.3.25
£
29,191
157
6,245
178
668
1,694
3,197
322
84
55
287
1,079
513
4,597
1,300
43
49,610
3,060
1,744
4,804
181,996
(3,084)		 31.3.24
£
24,406
157
6,269
505
410
3,663
2,342
437
145
565
246
943
-
2,157
-
550
42,795
2,700
2,405
5,105
192,638
(4,035)

29