IENDS OF ARMENIA CHARITABLE TRUST
FINANCIAL STATE.MENTS
31"MARCH 2024
Charity Registration Number
1089324
Philips
Chartered Accountants
1160 High Road
London N20 ORA

FrÈen
rmenfja Chari'ta
le Trust
Contents of the Financlal Statements
fort
e Year E ded 31 March 2024
Page
Company Infomation and Advisors
Report of the Trustees
2to3
Independent EAaminer's Report
Statement of Financial Activities
Statement of Financial Position
Notes to the Financial Statements
7t014

Friends of Arnienia Charitable Trust
Company Information and Advisors
for The Year Ending 31st March 2024
Address of Charity
110 Corringway
London W5 3HA
e-mail: friendsofarmenia@yahoo.com
Registered Office
6 Chatsworth Road
London W5 3DB
Registered Charity No.
1089324 ...
Trustees
Shahen Avanessian (resigned 310112024)
Denise Avanessian (resigned 310112024)..
Rouben Galichian
Mariette Galichian
Charles Gogbashian
Hilda Gogbashian
Panikos Joannou Katsouris
Jeanette Haritounian Read
Alexander Katsouris (appointed 310112024)
Caroline Katsouris (appointed 310112024)
Armik Khosrofian (appointed 310112024)
Philips Chartered Accountants
1160 High Road
London N20 ORA
Reporting Accountants
Bankers
Natwest Bank
Gami Invest

Friends of
rrnenia Charitable Trust
Annual Report of I he Charity Trustees
for The Year Ending 31st March 2024
The trustees present their reportL Wtth the financial statements of the charty for the year ended 31 March
2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charilies preparing their accounts in accordance wtth the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (erfective 1 January 2015).
Structure, Governance and Management
Friends of Armenia Charitable Trust was constituted by Deed of Trust as a registered charity No. 1089324. Its
address is at 6 Chatsworth Road, London W5 3DB. The charity trustees during the year ended 31st March
2024 were:_
Shahen Avanessian
Denise Avanessian
Rouben Galichian
Mariette Galichian
Charles Gogbashian
Hilda Gogbashian
Panikos Joannou Katsouris
Jeanette Haritounian Read
Alexander Katsouris
Caroline Katsouris
Amik Khosrofian
Objectives and Activities
The objects of the charity include advancement of education and relief of financial hardship for the population
of Armenia, with particular emphasis to the needs of the very young and the elderly. The trustees aim to
achieve the highest quality of assistance and help within the available budgets. All the charity administration
work and correspondence is carried out by the trustees, on a voluntary basis and with no remuneration
whatsoever. A team of volunteers in Arnienia also assist by finding projects and supervising the activities in
progress.
Public Benefit
In shaping our objectives for the year and planning our activtties, the trustees have considered the Charity
Commission's guidan￿ on public benefit.
Financial Review
During the year, the charitys income was £64,147 (2023.. £46,127) while expenditure was £66,485 (2023:
£55,096) leaving a defictt of £2,318 (2023 deficit: £8,969) for the year. Reserves stood at £110,390 (2023:
£82,545) supported by a gain of £29,550 following the sale of the Charitys freehold in Armania, and interest
less loss on currency conversion of £613. At the year end £112,212 (2023: £38,638) was held in the charitys
bank accounts.
The charity does not have a reserve policy. however, sufficienT funds have been set aside to continue with the
works and projects in hand until they reach completion.
Achievements and Performance
The charty's funding has primarily been provided by the trustees, as well as their friends and others.
During the year the charity continued to support outings for orphans and elderfy people. It also continued to
support university students with payment of fees and subsistence grants. The support of elderly persons
continued during the current year.
Continued

Fruends of
rmenÈa Charita
le Trust
Annual Report of The Charity Trustees
for The Year Ending 31st March 2024
During 202312024 Friends Oi Armenia has implemented a few important projects, some of which are:_
Prov'ding student scholarships.
Assistan￿ to the elderly.
Outings and Christmas parties for orphans.
Due to conflict between Armenia and a neighbouring country, there has been an
increase in The need of humanitarian aid to injured ciiizens and displaced persons. Therefore our efforts
concentrated on the following:
Humanitarian aid to the families who lost their breadwinners.
Assisting the children of the same families.
Physiotherapy for the wounded in order to reinstate their abilities, especialty
those who have lost limbs, eyes etc.
Helping those who have become disabled and unable to go to work by encouraging them to learn
professions that enable them to work from home. Providing them with computers and free courses in
order to acquire the ne￿$Sary skills.
Assisting the disabled in their efforts to form and maintain a normal family life.
ALEXANDER KATSOURIS
Chairman
On behalf of the Board of Trust*s on:

Independent Examiner's Report to the Trustees of
Friends of Armenia Charitable Trust
I report on the accounts of the Trust for the year ended 31 st March 2024, which are set out on
pages 5 to 14.
Respective responsibilities of trustees and examiner.
The charity's trustees are responsible for the preparation of the accounts. The charitys trustees
consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011
(the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity
Commission (under Section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.
Basis of independent examiner's report.
My examination was carried out in accordance with the General Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The Pro￿dureS undertaken do not provide all the evidence that would
be required in an audit, and consequently no opinion is given as to whether the accounts present a
'true and fair view, and the report is limited to those matters set out in the statements below.
Independent examiner's statemenL
In the course of my examination, no matter has come to my attention:
(1)
which gives me reasonable cause to believe that, in any material respect, the
reauirements..
to keep accounting records in accordance with section 130 of the 2011 Act; and
. to prepare accounts which accord with the accounting records and to comply with the
accounting requirements of the 2011 Act
have not been met; or
(2)
to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
P. K. Soteri
Chartered Accountant
1160 High Road,
London N20 ORA
Date..

Friends of Armenia Charitable Trust
Charity No
1089324
Statement of Financial Activities
for the year ended 31 March 2024
Unrestricted Restricted
funds
funds
Total this
year
Total last year
Incoming resources (Note 3)
Incoming resources from
generated funds
Voluntary incorne
Activities for generating funds
Investment Incorne
Incomlng resources from
charltable actlvlties
Other Incoming resources
64,147
64,147
47,669
30,163
30,163
1,542
Totsl incoming resources
Resources expended (Notes 4-5)
Costs of Generating Funds
Costs of generating voluntary
income
94,310
94,310
46,127
Fundraising Iradlng cos15
Investment management costs
Charitable a¢tivitie8
63.565
2,900
63,565
2,900
53,443
1,653
Governance ¢osts
other resour¢es expended
Total resources expended
Net Ancoming/(outgoing) resources before
transfers
66,465
66.465
55,096
27,845
27,845
(8,969)
Gross transfers between funds
Net incoming/(outgoing) resources before
other recognised gains/(losses)
27,845
27,845
(8,969)
Net movement in funds
Total funds brought forward
Total funds carried fonvard
27,845
82,545
110,390
27.845
82,545
110,390
(8,969)
91,514
82,545

Friends of Armenia Charitable Trust
Charity No
1089324
Statement of Financial Position
for the year ended 31 March 2024
estricted
income
funds
Unrestricted
funds
Total this
year
Total last
year
Fixed assets
Tangible.assets
Investments
Total fixed assets
44,470
Current assets
Stock and work in progress
Debtors
(Note 6)
(Short term) investments
Cash at bank and in hand
Total current assets
112,212
112.212
112,212
112,212
38,638
38,638
Creditors: amounts falling due within
one year
(Note 7)
1,822
1,822
563
Net ctsrrent assets/(liabilities)
110,390
110,390
38,075
Total assets less current liabilities
110,390
110,390
82,545
Creditors: amounts falling due after
one year
(Note 7)
Provisions for liabilities and charges
Net assets
10,390
110,390
82,545
Funds of the Charity
Unrestricted funds
110,390
110,390
82,545
Restricted income funds (Note 8)
Endowment funds (Note 8)
Total funds
110,390
110,390
82,545
Signed by one the twstees on behalf of all the
trustees
Signature
Print Name
Date of
roval

Friends of Armenia Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2024
Note 1 Basis of preparation
1.1 Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in
accordance with the Charities SORP (FRS 102) '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 1 January 2015),, Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act
2011. The financial statements have been prepared under the historical cost convention, as modified by the
revaluation of certain assets.
1.2 Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
1.3 Changes to previous accounts
No changes have been made to accounts for previous years.
1.4 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of
exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the
transactions. All differences are taken to the Profrt and Loss account.

Friends of Armenia Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2024
Note 2 Accounting policies
INCOMING RESOURCES
Recognition of incoming
resources
These are included in the Statement of Financial Activities (SOFA) when..
the charity becomes entitled to the resources-
the trustees are virtuallv certain they will receive the resources- and
the monetsry value can be measured vthh 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 reSoUr￿s.
Incomlng resources with
related expendlture
Grants and donations
Tax reclaims on donations
and gifts
Contractual income and
performance relatod grants
Gifts in k(nd
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 seNices have been delivered.
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts 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 servlces and
facilities
These are only included in incoming resources (wlh 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 of the service or
facility received.
The value of any voluntary help received is not included in the accounts but is described in the
trustees, annual report.
This is included in the accounts when receivable.
Volunteer help
Invesknent income
EXPENDITURE AND LIABILITIES
Llablllty recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Include costs of the preparation and examination of statutory accounts, the costs of trustee
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 vthich remain in the control of the 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 propety Gosts by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Govemance costs
Grants payable without
performance condition5
Support Costs
ASSETS
Tangible fixed assets for use These are capitalised rf they can be used for more than one year, and cost at least £500. They
by charity
are valued at cost or a reasonable value on receipt.

Friends of Armenia Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2024
Note 3 Analysis of incoming resources
This year
Last year
Anal
sis
Grants receivable from charities
Donations from individuals & trustees
Donations from com
anies
Donations for elderl
Donations for studens
Humanatarian Aid Fundraisin
Humanatarian Aid
SOSE Womens O
anisation Fundraisin
Leon Centre Donations
Book Publishin
The Seda Ghazarian memorial foundation
Memorial donations
Tax credit on donations
Voluntary income
24.922
21,100
5.690
8.170
9.920
3,081
6,100
9,188
2,000
1,285
9,079
450
10,831
Totsl
64,147
47,669
Activities for generating
funds
Total
Investment income
Other Interest receiveable
Sale of Assets
Tax reclaimed on bank deposit interest
ProfiU(loss) on foreign exchange
1,651
29,550
694
1,038
2,236
Total
30,163
1,542
Incoming resources from
charitable activities
Total

Friends of Armenia Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2024
Section C
Notes to the accounts
cont
Note 4 Analysis of resources expended
This year
Last year
Anal
sis
Costs of generating '
voluntary income
Totsl
Fundraising trading
costs
Total
Investment
management costs
Total
Charitsble activities
Book Publishin
onsorshi
Easter exhibition 2010
Educational
rants
Grants for the elderl
Disabled Childrens. Cam
Karaba
hwarln
ured Su
Leon's Centre
SOSE Womens Or
Medical costs
Or
han Outin
Rural develo
ment
Rural medical trainin
Self hel
rants
Subsistence
ments for refu
ees
The Seda Ghazarian memorial foundation
2,585
20.124
1,668
14,523
port
32.203
20,706
10,964
anisation
3,015
1,778
2,694
3,970
ro
ect
1,642
1,136
Totsl
63,565
53,443
Governance costs
Advertisin
Bank char
es
Bank interest
Profit
Iloss on forei
Posta
eand
ackin
Inde
endent examinerfs fees
Sund
ex
enses
Le
al Char
58
73
n exchan
461
es
Armenian Business Tax
165
69
Total
10

Friends of Armenia Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2024
Note 5 Details of certain items of expenditure
5.1 Trustee expenses
This year
Last year
Number of trustees who were paid expenses
None
None
Nature of the expenses
Total amount paid
£ None
£ None
5.2 Fees for examination or audit of the accounts
This year
Last year
Independent examiner's or auditors. fees for reporting on the
accounts
Other fees (for example: advice, consultancy. accountsncy
services) paid to the independent examiner or auditor
1,050
1,050
None
None

Friends of Armenia Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2024
Note 6 Debtors and prepayments
Analysis of debtors
Amounts falling due within
one year
This year
Last year
Amounts falling due after
more than one year
This year
Last year
Trade debtors
Other debtors
Prepayments and accrued income
Total
Note 7
Creditors and accruals
7.1 Analysis of creditors
Amounts falling due within
one year
This year
Last year
Amounts falling due after
more than one year
This year
Last year
Loans and overdrafts
Trade creditors
Other creditors
Accruals and deferred income
1,822
1.822
563
563
Totsl
12

Friends of Armenia Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2024
Note 8 Endowment and restricted income funds
8.1 Funds held
The Charity holds the following type of funds:
permanent endowment funds (PE}.
expendable endowment funds (EE); and
restricted income funds, including special trusts, of the charity (R).
Fund Name
Type PE, EE
orR
Purpose and Restrictions
8.2 Movements of major funds
un
balances
brought
forward
un
balances
carried
forNard
Incoming
resources
Outgoing
resources
Gains and
losses
Transfers
Fund names
Totsl Funds
8.3 Transfers between funds
From Fund (Name)
To Fund (Name)
Reason
Amount
13

Friends of Armenia Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2024
Note 9 Transactions with related parties
9.1 Remuneration and benefits
Legal authority (eg order,
goveming document)
Amounts paid or benefit value
This year
Last year
Name of trustee or connected party
None
None
None
The Charity does not employee any staff.
9.2 Loans
Name of trustee or
connected party
Amount owing
This year
Last year
Legal authority
Due to trustees and
related parties
Due from trustees
and related Darties
None
None
None
None
None
None
9.3 Other transaction(s) with trustees or related parties
Name of the trustee
or related art
None
Relationship to
chari
Description of the
transaction
None
This year
Last year
None
None
14