2023-03-31-accounts - Friends Of Armenia

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				Page
Company	Information	and Advisors
Report of	the Trustees			2to3
Independent Examiner's			Report
Statement	of Financial		Activities
Statement	of Financial		Position
Notes to	the Financial	Statements		7to 14

Address of	Charity		110Corringway London W5 3HA
			e-mail:friendsofarmenia@yahoo.			corn
Registered	Office		110Corringway London W5 3HA
Registered	Charity	No.	1089324
Trustees			Shahen Avanessian Denise Avanessian
			Rouben Galichian
			Mariette Galichian
			Charles Gogbashian
			Hilda Gogbashian
			Panikos Joannou	Katsouris
			Jeanette Haritounian		Read
			Arpi Rogers
Reporting	Accountants		Philips Chartered 1160High Road	Accountants
			London N20 ORA
Bankers			NatWest Bank
			Garni Invest

Unrestricted fundsf	es nc e income funds	Total this year	Total this year	Total this year	Total last year	Total last year
44,470		44,470				44,470
44,47						4,
						2,306
38,638 8			38,638 8i			47,233 49, 9
563				563		2,495
38,	5			s 75		47~044
82,5			8,		5	,514
82,54				82,54		9,5 4
82,545				82,545		91,514
8, 45					,545	,514
						Date of
		Print Name				a roval
						lk)2 L~S

INCOMING RESOURCES Recognition ofincoming resources Incoming resources with related expenditure Grants and donations These are included in the Statement of Financial Activities (SoFA) when: ~ the charity becomes entitled to the resources; ~ the trustees are virtually certain they will receive the resources; and ~ the monetary value can be measured with sufficient reliability. Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.	INCOMING RESOURCES Recognition ofincoming resources Incoming resources with related expenditure Grants and donations These are included in the Statement of Financial Activities (SoFA) when: ~ the charity becomes entitled to the resources; ~ the trustees are virtually certain they will receive the resources; and ~ the monetary value can be measured with sufficient reliability. Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Tax reclaims on donations and gifts Contractual income and	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate. This is only included in the SoFA once the related goods or services have been delivered.
performance related grants Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. GiRs in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and facilities	These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity ofthe service or
Volunteer help	facility received. The value of any voluntary help received is not included in the accounts but is described in trustees' annual report.	the
Investment income	This is included in the accounts when receivable.
EXPENDITURE AND Liability recognition	LIABILITIES Liabilities are recognised as soon as there is a legal or constructive obligation committing the
Governance costs Grants payable without performance conditions Support Costs	charity to pay out resources. Include costs ofthe preparation and examination of statutory accounts, the costs oftrustee meetings and cost of any legal advice to trustees on governance or constitutional matters. These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control ofthe charity. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS Tangible fixed assets for use These are capitalised ifthey can be used for more than one year, and cost at least f500. by charity are valued at cost or a reasonable value on receipt.		They

Note 3		Analysis of incom	ing resources
						This year	Last year
Voluntary	income		Anal sis Grants receivable from charities Donations from individuals 8 trustees			21100	126 33,685
			Donations from corn anies
			Donations for elderl Donations for studens			6100	5,910
			Karaba h War Victims Donation
			Memo of Hrach Archunian
			SOSEWomens Or anisation Leon Centre Donations			9188	10,950
			Leadershi Centre Yerevan The Seda Ghazarian memorial Memorial donations Tax credit on donations	foundation		450 10831	4,000 4,785 8,104
					Total	4T669	67,560
Activities	for generating
funds					Total
Investment		income	Other Interest receiveable			694	1,090
			Bank deposit interest
			Tax reclaimed on bank deposit interest Profit/(loss) on foreign exchange			2,236	4,559
					Total	1,542	3,469
Incoming		resources from
charitable		activities

Note 4	Analysis of resources expended	Analysis of resources expended	Analysis of resources expended
									This year	Last year
					Anal		sis
Costs ofgenerating
voluntary	income							Total
Fundraising		trading
costs								Total
Investment
management		costs						Total
Charitable	activities		Book Publishin S onsorshi
			Easter exhibition 2010 Educational rants						14,523	12,734
			Grants for the elderl
			Disabled Childrens' Camp Karaba h War In ured Su Leon's Centre			ort			20,706 10,964	34,275 13,161
			S e hani Girls Choir Medical costs Or han Outin s Rural develo ment ro'ect Rural medical trainin ro ect						1,778 2,694	3,438 3,253 1,091 2,776
			Self hei rants Subsistence a ments for refu The Seda Ghazarian memorial				ees foundation		1,642 1,136	3,142 4,000
								Total	53,443	77,870
Governance		costs	Advertisin Bank char es						73	158
			Bank interest
			Profit /loss on forei	n	exchan		e
			Posta e and ackin Inde endent examiner's Sund ex enses		fees				1 050 461	1 029 429
			Le al Char es
			Armenian Business Tax					Total	69 1 653	109 1 725

Independent	examiner's	or auditors' fees for reporting	or auditors' fees for reporting	on the
accounts
Other fees (for example: advice, services) paid to the independent			consultancy, accountancy examiner or auditor

Loans and overdrafts
Trade creditors
Other creditors
Accruals and deferred	income

	Amounts	within	Amounts
	This year Last one year	year	more than one year Last year This year E
		2,306
Total		2,306

	Amounts	falling due	within	Amounts
	one year This year f Last		year	more than one year This year Last year
		563	2,495
Total		563	2,495

						Amounts	paid or benefit value
Name	oftrustee	or	connected	party	Legal authority (eg order, governing document)	This year	Last year
						None	None
None

9.2 Loans
			Amount	owing
	Name oftrustee or connected party	Legal authority	This year	Last year
Due to trustees and	None		None	None
related parties Due from trustees	None		None	None
and related oarties

Name or	ofthe related None	trustee a	Relationship chari	to	Description transaction None	of the s	This year None	Last year None