Company regSstratiM number 06350164 (England and Wales) Charity registratk)n number 1121998 {England and Wales) HOMENETMEN LONDON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
HOMENETMEN LONDON LEGAL AND ADMINISTRATIVE INFORMATION Tru5tee5 Ike Stepanian Anna Avekn Boghoskqn AlencHJsh Grigfmtans Or Hagop Knkorian (Appointed 28 ¢knber 20251 Secretary Ike Stepank3n Chaiity number 1121998 Company number C6350164 R8glstsred office 335 Cty R¢)ad Lcrton EC1V 1LJ Independent examiner M*scor Ghatineh 335 City Road L(d EC1V 1LJ Banker5 Bardays Bank plc l3ATtilry R( Londc SW1P 1RH
HOMENETMEN LONDON CONTENTS Page Trustees report Independent examinevs report statemenl of financial acknwbes Balance sheet Notes to the financial statements 6-12
HOMENETMEN LONDON TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025 The TnBtees who are also directors purFM)ses of company law pwnt their report and financtal statements for year ended 31 October 2025. The financAal ststements have been prepared in accordan w¢h the accounting wlicies set out in note 1 to the finanoal ststements and compty wth the Chativs memorandum aThJ 8rb.des of asswation, the Companies Act 2006 and "Accounting and Reporting by Chartties". Slaement of RecOmmejed Practice applicable to charities preparing their a¢¢ounts in acurdan with the Finanoal ReKJting Standard applicable in the UK and Republic of Ireland IFRS 1021" {as amended for accoLmW pericJs commenang from 1 January 2Q161 Obieetives and actiwties The CharTty's objects are to te¥h Amienkqn Y a moral. tthysiLzI aThJ psychoivJieal education and lo teach the richnes5 of the ArnieNan ctjlture 8nd herrtage %lISt Fweparing them to become lsNng laabl¢JIng atizens in the countries which they regde. the advanwnent of swjting and physical education amoryst Amenian5, and the advancement and teaching of Arnenian hislory. cutture arKI nguage. and the provision of recreational facilitie5 forArynenians in the interests of so(ial welfare. The Charity also aims to afvance education of Ihe public aboutAmienia. its peopk. history. literature. tanguage, institthions arKI its intellec arttsbc and ecortomic lrfe. To relieve, or a5SiSt in the relief of povety amOrSt the Armenians living in the United kn'ngdom. to provide for the upkeep. fumishing. and repair of any AmEnian church established in thè United lfjngdom. During the period the trustees have activety ¢Ngonised a number of cJJltrJral anrl edLKatK)nal evènts to fulfill the organisations aims and objectives. publ benefrt The Trustees have paid due regard to guKlar£ issued by the Charity Commi&8ion in deading whal adivTties the Chanty should undertake. Voluntge The Charity makes &9nitsnt use of volunteers tllne in Ihe day to day running of the Cli&ty and for the events which it runs. Achievements and perfommnco Signthant activities and aCtiVementS against obietv&s The Trustees are satrsfied that the Charity has achieved its during the pEriod. FUndffin9 performance The Charity has continued to rase fijnds throughtyjt the pericJ from donatK>ns aThJ ru11r events to achieve its objects. Financial revjew ReseThes policy It is the policy of the Charity that unrestricted fixjds vthich have not teen ¢Je5ignated for a spwfic use sfK)ubd be maintained al a level equivalent to at least bets¥een three and six month's expenditwe. At the balanr£ sheet date the charity had reserves to cover one yes expendl1u. The Trustees CSIder that reserves at this level are Th)t excessive and will ensure that, in the event of a signrficant drop in thJnding. they will be ae to continue the Charitys utrent activities while consideration is gwen to Wdys in vthith additional fijnds may bè raisea. This level of reseNes has been maintained throughout the year. Prinopal funding sources The Chartvs principal of incomè are dcrfwtions reiVed. subs(xiptions. and incomè generated from hosting various events throughwt the year. The Charty has fuffilled obiecttves by running variou5 events for the AmRnian yothh. The Chanty aims to ¢tinL* running simiL¥ events for Ihe fcffseesble fvture.
HOMENETMEN LONDON TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Majorrisks The Trustees have assessed the major risks to which the Chartty is exposed. and are satisfie(f that systems are in place to mitigate exposure lo the major risks. Structure, governance and management The Chanty is a company limrted by guarantee and is Iherefore govemed by a memorandum and arbdes of association. The Twstees, who are also the directors for the pUOse of o)mpany law, and who served during the year and up to the date of signature of the financial ststements were- Armand Abramian (Resgned 8 September 20251 Ike Slepanian Anna Avekian Ari Boghosian Aenoush Grigorians Dr Hagop Krikorian (Appointed 28 October 20251 Recwitment and appointment oflwstees None of the Trustees has any beneficial interest in the company. Al of the Trustees are members of the company and guarantee lo contribute £1 in the event of a winding up. The Trustees are appointed on an annual basis at the AGM. The Trustees report was approved by the Board of Trustees. Alenoush Grigorians Trustee Date..
HOMENETMEN LONDON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOMENETMEN LONDON I report lo the TNstees on my examinaknL ofthe financial staternts of Homenetmen Lond (the Charity) for the year ended 31 OCtor 2025. Responsibtlities and basis of report As the Trustees of the Charity {8NJ also its ¢irectots for the of g)mpany law). you arp responble for the preparation of the fingncial ststements in aCcOrdae vrith the requirements of the Ci)mpaniesAct 200S. Having satisfied Myse that the finanoal statements of the Charrty are not required lo be audital under Part 16 ot the Companies Act 2DO6 and are eligit4e for iryjependent err11nats"on. I reF¥)rt in resFeca of my examination of the Charis financial stalements ¢arried ¢xrt vje[ section 145 of the Charitie5 Act 2011. In carying out my examination I have followed the Dwects"ons gwen by the Charity Commisson under seujon 145(5){bl of the Charrties Act 2011. Independent examinerfs slatement I have completed my examination. I confirm that no matters have c¥Jme lo my attention in connection with tha examination giving me cause to believe that in any wnaten.al resFtt Counting recL)rds were not kept in resFect of the Charity as required by sèclion 386 of the Companies Act 200S. the financial statements do Th)t aeojrd vKlh those record5" or the finanal stements do not o)mpty wth the re(wirwts of seclion 396 of the ComFgnie$ Act 2006 other than any requirement that the financlal stslements gTve a aThJ fair wew. vthich is a matter (x)nsidered as part of an independent examinab"on: or the financral statements have not b8en kyepared in XIrdants VAth the methcxls and princiFles of the ststement of Recommended Practice for acojunting and reporbng by charitses applicatrAe lo Charities pparing their financial statements in ac1x*dan wrth the Financia Reporting Stsndard applicable in the UK and Republic of IrelarKI IFRS 102). I have no COnM$ have come across no other mallers in ¢xneCtt0n the @xamirI10n to which attention should be drawn in thi$ report in order to enat4e a proper understrng ofthe final ststements to be reached. Mansoor Ghatlneh 335 City Road London EC1V 1LJ Date.. ..i£loifio2É
HOMENETMEN LONDON STATEMENT OF FINANCIALACTIVITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNI) FOR THE YEAR ENDED 31 OCTOBER 2025 Unrestrfthd Unrestricted funds funds 2025 2024 Income and endt)wments from: Donations and legaaes Charitable activities Investrnents other irtorne 24,454 11.941 2.124 13,482 47,360 24,456 2,401 Total income 52,001 74,217 Expenditure on: CIN8ritable actiwbes 40.624 73,387 Total expenditure 40.624 73.387 Net in¢ome and moven*nt in funds 11.377 830 Reconciliation of funds: Fund balan * 1 Novefnber 2024 153,935 153,105 Fund balances at 31 October 2025 165,312 153,935 Tre statement of finanual al¥itse5 includes all gans and losses reeognised in the year. All iThxme and expenditure derive from conb"nuing activities.
HOMENETMEN LONDON BALANCE SHEET ASAT31 OCTOBER 2025 2025 2024 Notes Fixed assets Tangible assets 13 165 220 Current assets Debtors Cash at bank and in hand 14 1.437 165.510 2,118 153,397 166.947 155,515 Creditors: amounts falling due wtthin one year 15 {1.8CKJ} 11,8001 Net current assets 165,147 153,715 Totsl assets less Current liabilibes 165.312 153.935 The funds of the Charlty Unrestricted funds 16 165.312 153,935 165,312 153,935 The company is entided lo the exemption from the audil requirement corrtained in section 477 of the Companies Act 20ffi. for the year ended 31 Ocaober 2025. The directors acknovAedge their respx)nsibilth"es for complying wrth the requirements of the Companies Act 2006 th respect to accounting record5 and the pparatiOn of finanual statements. The members have not required the company to obtain an audit of ts ftnanual statements for the year in question in accordaneè th section 476. These financial statements have been prepared in ac(rjr(jan vthh the proMstons applicable to C£smpanies subject lo the small companies regime. The financial statements were approved by the Trustees on .... Alenoush Grigorians Trustee
HOMENETMEN LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting pollcies Charity inforniation Homenetrnen London is a private c(Knpany limited ty gUnI& incorForated in EnyarKI Wales. The registered Offi is 335 Cty Road, Lonthjn. EC1V 1LJ. 1.1 Accounting convention The ffnancial ststemerts have Len prepared in acc(dae wth the Charivs memoraThJum and articles of association, thè Companies Act 20C6 aTrJ "Anting arKI Reporting by Charibes". Ststement of Re(x)mmended Prathe applicable to CharilS prepanng their aco)unts in acwrdance with the FinancBI Reporting StarKlard applicable in the UK and RepU1C of Ireland IFRS 1021" (as 8meThJed for accountir periods commencing from 1 January 2016). The Charrty is a Publ Benefit Enb"ty as defined by FRS 102. The Charity Iw taken atrdntage of the "0nS in the SORP for chariti.es applying FRS 102 Update Bulletin 1 [t to prepare a Statement of Cash Ffows. The )Ynanaal ststements are prepar&J in sterting. which is the fiJnd]"onaJ r[erry of the Charity. Monetary aMcrtts in these finanaaj statèments are rounded to the nearest £. The financial statements ien prepared Vler ts storiCal (x)st convention. The prinopal &xounting politses adopted are set out belcAV. 1.2 Going concern At the ts.me of approving the financi statements. fhe TtS have a reasonable expectation that the Charrty h8s adequate resources to continue in operaticmal exisience for the forèseeable fijlure. Thus the Ttustees continue lo adopt the going corwn basis of accountirKJ in preparing the financ4al statements. 1.3 Charitable funds unrestn.cted furKls are available at the disuetKffl of the Tee$ in furtherance of their tharitable obje¢tive& 1.4 Incoming resources Income is recognised when the Charity is kgalty entided to it after any performan conditiorts have been meL the amounts can be measured reliably, and it i8 probable thal in(Kme wll t received. Cash donations are recognised on reP1. Otsr d¢xLab"cs are recL*Jnised once the Charyty has been notified of the (lonation, unless performan conditsorts require deferral of the amount. Income tax recoverable in relation to donations recetved tmder GtftAid or deeds of covenant is recognised when receN. Legacies a recognised on rep1 otrErWl rf the Chty has been notified ot an Imper1ng ¢fisth"bution. the amoLmt is known, and reeeipt is exted. If amount is rKJt known. the legacy 1$ treated as contingent asset. Membership subsuiptions are rewised beLYJme due. Income from chantaJJe events is recc¥Jnised vhw l¥ab.
HOMENETMEN LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policles (Contlnued) 1.5 Resources expended Costs of generating fvnds are 1hose InlTred in atracting vobjntsry income, or incurr&Y in activities undertaken to raise fvnés. abilitÉ8s are recognised as exrnses as soon as there is a begal or construetNe obligatiL commrtting the charity to the expeThJiture. Ml eXenrtU is accounted for on an accruals basts and has been dassified under headings that aggregate all costs related to the category. Charitsble activities MprIse those costs incurred by the ¢tharity in the delivery of its activifies aThJ servirs for its beneficiarie& Govemants costs indude those (xjsts as38ed 7hryth meeting the constttutsonal ar statutory requirements of the charity, and indude its accounts fees and msts linked to the stratwc management of the charity including tnjstees expenses. 1.6 Tangible flxed assets Tangible fixed assets are initsalty nSured at cost and subsequenuy measured at ettst or valuation. net of depreuation aThJ any impairment bsses. Depreciation 15 recognised so as to write off clt or valuatim of assets Jess their SIdUal values over their U8eknl lives on the followirvj bases" Fixture5, fitting% & eqwpment 25% Reducing balance The gain or loss arising on the disrx)sat of an asset is determined as the difference belween the sale proceeds arKI the carrwng value of the asset. and is recognised in the statement of finanaal acwties. 1.7 Impaimlent of red assets At each rèporting end date. the Chlty reviews the rarrying amounts of its tangiEAe assets to detemine whether there is any indication that thxe assets have SLrfered an Impaent loss. If any suth indtstion exists, the recoverable amount of the asset is estImatj in order lo determine the tent of the impairment loss Irf any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in harKI. dep)stts hdd at 11 with ks, other shDrt-term liquid investments th griginal maturibes of three or kn. and f)ank overdrafts. Bank overdrafts are shown vthhin borrowings in current liabilthes. 1.9 Financlal Tnstruments The Charty has dected to apr4y the wvtsion5 of Section 11 'BaS Finanual Instruments. and Sedion 12 'Other Finanaal Instruments Issue5. of FRS 102 to all of its financaal instrumerrts. Finaneial instruments are rècognised in Charitys ba[e &et when the CharTty tecome5 paty to the COntrjaI provisions of Ihe instrurnent. Financial assets and liabilrties are offset wth the amounts presented in the financial statements, then there is a legalty enforwble right to sel off the retrISed amounts and ttEre is an intention to settfe on a net basis or to realise the asset a1 setue the liat)ilty swnullaneously.
HOMENETMEN LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policles (Cont5nued) Basie financial assets BaC finanual a&8ets, whth indude debtor5 and cath arKI bank baiwes. are inibally measured * tranwtion pri induding transaction costs and are subsequenyy carried at amorbsed tX)st using the effectNe interest method unless the arraNJement constitlrtes a finarKing transadion. the transaction is measured at the wesent value of the ftrture re(pts iso)unted at a marf(et r of interesL Financial assets classified as reWable within one year are not ameb$. Basic financial liabilities Basrc finanoal liab.es, induding credTtors and bank thns are inibally recesT7rsed at tsansarlion pri Un$S the arrdngement consb"tutes a financro transath"on. where the debt instrwnerrt is measured at the present vajue of the future payments diSCnI8 at a market rate of interest. Financral liabilities dassified as payable ihin one year are not amorbsed. Debt instnjments are 5ub5equentty carried at amorbsed COSL usrKJ the effective interest rate method. Trade Greditors are obligth.ons lo pay for goods or Servi that have been awuired in the Ordin ttjurse of operations from suppliers. ArUnts payable are as current liabile$ rf payment is due wthin one year or less. If no( they are presented a5 r-CAJrrent liabiles. Trade critOrS are recconised inttially at transaction priee and subsequentty measured at amortas&l o)st t]ng the effethve interest method. DecOgnItIon of finan¢ialliabilities Finanoal liabilities are dere(wnised the Charity's ¢>JntraXual obligations expire or are discharged or ancelled. Critical accounting estimats5 and judganents In the applicab.on of the Charity's aoxjunting pdKaes, the Tnjstees are required to make judgernents, estimates and assumptiorts atK)ut the caryiThJ arnount of assets and liabilitses th are not readily apparent from other sOuS. The esbmates and assooated assumptions are based on historical experien ?nd other factors that are considered to be relevant. Actual resutts may from tt estimates. ThÈ estimates and Lmdertwng awmpt'ons arè reVi4ed m an on90ing basis. Revisions to accounb.ng estimates a COgnised in the pen'od in which esb"rnale is mised where the revision affects only that period, or in the period of the rèvision aNI future pwKxls re the revis>on affects btAh eurrent 8nd fLrture periods. Income from donations and legacies Unrestricted Unrestrlcted funds funds 202S 2024 DCatiOnS and gifts 24,454 47,360
HOMENETMEN LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Income from charitable activities Subscriptions Evenl Income 2025 Totsl SUbptIOnS Event Income 2024 Totsl 2025 2025 2024 2024 Charitable activities 10.132 11.941 1.813 22,S43 24.456 Analysis by fund Unrestri¢ted funds 10.132 11.941 1.813 24,4 Income frorn investments Unrestricted Unrestricted funds fijnds 2025 2024 Interest receNatAe 2.124 2,401 Other lftcome Total funds generdl 2025 2024 Income tax recoverable 13,482
HOMENETMEN LONDON NOTES TO THE FINANCIAL sTATEmEs (CONTINUED> FOR THE YEAR ENDED 31 OCTOBER 2025 Expenditure on charitable activitie5 Unrestricted Unrestricted furK funds 2025 2024 Direct costs Depreaation and impairment Eveni costs and hall hire IrUr8n Postage, stationery & computer Subscriptions Sundry Expenses 55 33,673 1,556 506 3,DOO 343 62,685 4,0 781 2.634 1,054 38.824 71.587 Share of support and governance costs (see note 81 Gtsvemance 1.8DO 1,800 40,624 73,387 Analysls by fund Urwestricted ftjnds 40,624 73,387 Supportcosts Governan¢e 2024 Basis of allocation Accountsr 1.8CKI Govemar 1.800 1.8 1,800 Analysed beeen Charitable 8cbvities Net movement in funds 2025 2024 The net movement in funds is stated after tharg1w(cr[rting).' FS payable for the inclependenl eramination of the charitys financaal statements Depreaation of owned tsngible )Ixed assets 1,800 55 1,800 10 Trustee5 None of the Trustees (or any peCts with them) recgwj any rernuneration during the period. 10-
HOMENETMEN LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 11 Employees The average monthty number ofemployees OJrirg the yearwas.. 2026 Number 2024 Number Total 12 Taxation The company is exempt from tsx on rjcome and gains faling within section 505 of the Taxes Act 1988 or section 252 of the TaxatIC af Charitable Gains Art 1992 to the extent that these are applied to its eharitsble objects. No lax charges have arisen in the chanty. 13 TangiblÈ red assets Fixtures, "ngs & qvipmeftt Cost Al 1 November 2024 OiskY)sals 8,079 {560} At 31 October 2025 7,519 DeprecIaon and Impairnient At 1 NovemLEr 2024 DepreaatlL tharged in the year Eliminated in respeca of disFX)sals 7,859 55 (5601 Al 31 October 2025 7.354 Carying amount At 31 October 2025 165 At 31 October 2024 220 14 Debtors 2025 Arnounts falling due within one year. 2024 Prepayments and aecrued r 1,437 2,118 15 Clitors. amounts falling due wlthln one year. 2025 2024 Accruals and deferred income 1,800 1.800 11
HOMENETMEN LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 16 Unrestrlcted funds The income funds ofthe dnty indLwJe the fcIl1j deggnated funds 1th have been set aside oul of unrestriceé fijnds by the trustees for speofic purF¥)ses." At1 N¢)vember 2024 Intorning resources Resources At 31 October expended 2025 Jrchase of hall General frjnds 123,417 30.518 1,727 50.274 125.144 40,168 (40.6241 153.935 52.001 140,6241 165,312 Pr8vlou$ year. Incoming November SOUrCeS 2023 Resources At 31 October expended 2024 Purchase of hall General funds 121.619 31.486 1.798 72.419 123,417 30.518 173.38n 153.105 74.217 173,3871 153,935 The destgnated fvnd has set up to all¢)w the Charity to purchase a haN in the future. No restrictions have teen placed on this fund. 17 Anatysis of net assets betn funds Unrestricted nts Total Fund balances at 31 octo1 2025 are repyesented ty. Tangible assets Current assetsl{l1a"lltIoS} 1S5 165,147 165 165,147 165.312 165,312 18 Relatèd party transactions MrAAbramian. a trustee until 08J09r2025. is also a tnjstee of Navasatian Charity TnJ$t During the peri1 the charity paid rent to Navasartian Charity Trust amouth.ng to £1,50012024." £1,500). 12-