2024-04-29-accounts - Mrs Elda Carapiet's 1961 Settlement

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	Mrs Anna Elda Gula Carapiet Settlement	Mrs Anna Elda Gula Carapiet Settlement	Mrs Anna Elda Gula Carapiet Settlement	Mrs Anna Elda Gula Carapiet Settlement	1096866
	Receipts andpayments accounts					CC16a
For the period from ~~ee~~		Period start date 30.04.2023	Period end date To 29.04.2024 ~~e~~
Section A Receipts and payments
	Unrestricted funds	Restricted funds		Endowment funds	Total funds	Last year
	to the nearest £	to the nearest £		to the nearest £	to the nearest £	to the nearest £
A1 Receipts
Income from investments	29,783	-			29,783	26,169
Interest received	2,699	-		-	2,699	800
	-	-		-	-	-
	-	-		-	-	-
	-	-		-	-	-
	-	-		-	-	-
	-	-		-	-	-
	-	-		-	-	-
*Sub total*(Gross income for AR)	(Gross income for AR) 32,482	-		-	32,482	26,969
A2 Asset and investment sales, (see table). Sale of investments - - 820,312 820,312 732,348 - - - - - Sub total - - 820,312 820,312 732,348 *Total receipts* 32,482 - 820,312 852,794 759,317 ~~S555~~
A3 Payments
Grants awarded	-	-		-	-	-
Investment manager fees (VAT inclusive)
		-		4,880	4,880	4,866
Trust administration fees (VAT inclusive)
	5,580	-		-	5,580	712
Bank charges	-	-		-	-	54
Independent Examiners fee	780	-		-	780	-
	-	-		-	-	-
	-	-		-	-	-
	-	-		-	-	-
	-	-		-	-	-
**Sub total **	6,360	-		4,880	11,240	5,632
A4 Asset and investment purchases, (see table) Investmentpurchases - - 783,316 783,316 742,124 - - - - Sub total - - 783,316 783,316 742,124 *Total payments* 6,360 - 788,196 794,556 747,757 ~~——————~~
*Net of receipts/(payments)* 26,122 - 32,116 58,238 11,560 A5 Transfers between funds 274 - 274 - - A6 Cash funds last year end 55,300 8,599 63,899 52,339 *Cash funds this year end* 81,695 - 40,441 122,136 63,899 ~~===>>~~

CCXX R1 accounts (SS)

15/02/2025

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Investment portfolio Details *Total cash funds* (agree balances with receipts and payments account(s)) Capital account Income account Details Details Details Signature ~~Chris Thurlow (Feb 17, 2025 14:28 GMT)~~	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 81,695 - - - 81,695 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Chris Thurlow in behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			40,441
			-
			-
			40,441
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			1,190,695
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
	~~hi Thl Fb 17 2025 1428 GMT~~	Chris Thurlow in behalf of Ludlow Trust CompanyLimited
	~~rs urow (e , : )~~

CCXX R2 accounts (SS)

15/02/2025

Trustees’ Annual Report for the period

From 30 April 2023 To 29 April 2024

Charity name: Mrs Anna Elda Gula Carapiet Settlement Charity registration number: 1096866

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the charity are to apply the income to the Armenian Patriarchate of Jerusalem or to pay or apply the same as the said Patriarchate of Jerusalem in Palestine shall direct for the purposes of the education and advancement in life of Armenian children or for such other charitable purpose or purposes as the said Patriaichate may consider allied thereto.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	In furtherance of the charity’s objects for the public benefit the trustees provide grants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	No grants were made during the year under review.
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period the charity had free reserves of £81,695 (2023: £55,300). In addition to the free reserves the charity has bank balances of £40,441 (2023: £8,599) and investments valued at £1,190,695 within the expendable endowment fund. The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47

Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other		Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 26 July 1961.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed by existing trustees.

Additional information (optional) You may choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51

Relationship with any related parties	Para 1.51	No trustee received any remuneration nor reimbursed any expenses in the year under review. During the year Ludlow Trust Company were paid fees for trust administration services of £5,580 These fees are authorised under clause 10 of the trust deed.
Other

Reference and Administrative details

Charity name	Mrs Anna Elda Gula Carapiet Settlement
Other name the charity uses
Registered charity number	1096866
Charity’s principal address	Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Ludlow Trust CompanyLimited

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address	Type of adviser Name Address	Type of adviser Name Address
Investment Managers	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Bankers	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Accountants	KJF Accounting Limited	17 Sheringham Avenue, Southgate, London, N14 4UB

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

----- Start of picture text -----
Signature(s)
Chris Thurlow (Feb 17, 2025 14:28 GMT)
Full name(s) Chris Thurlow on behalf of Ludlow
Trust Company Limited
Position (eg Secretary,
Chair, etc)
Date
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts ••• Section A Independent Examinerfs Report Report to the trusteesl members of Mrs Anna Elda Gula Carapiet Settlement On accounts for the year ended 29th April 2024 Charity no (if any) 1096866 Set out on pages 1 to2 jfeiTIEmber lo iiicldde Ilie page nuriibero ol -ddilioiial sleets) I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended 29th April 2024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm thal no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's ststement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Mr Keith Felton Relevant professional qualification(s) or body (if any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

Give here brief details of any Items that the examiner wishes to disclose. IER October 2018

2025-02-17Carapiet-Accounts

Final Audit Report

2025-02-17

Created: 2025-02-17 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAh-xcAXqMyPQUC_npp74A2QrdTQzx_YIM

"2025-02-17Carapiet-Accounts" History

Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com)

2025-02-17 - 12:39:11 PM GMT

Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2025-02-17 - 12:39:16 PM GMT

Email viewed by Chris Thurlow (chris.thurlow@ludlowtrust.com) 2025-02-17 - 2:28:10 PM GMT
Document e-signed by Chris Thurlow (chris.thurlow@ludlowtrust.com) Signature Date: 2025-02-17 - 2:28:22 PM GMT - Time Source: server

Agreement completed.

2025-02-17 - 2:28:22 PM GMT