## ## |||||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|falling due|within|Amounts|falling due after| |---|---|---|---|---|---| ||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|falling due after| |---|---|---|---|---|---| ||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|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| |---|---|---|---|---|---|---|---|---|