## **The Trust Fund of The Holy Trinity Armenian Church Annual Report for 2021 calendar year** 

## **History** 

The Armenian Church of the Holy Trinity was opened on Easter Sunday 1870 by the relatively small but prosperous Armenian community in Manchester. The church is thought to be the first purpose built Armenian Church in Western Europe. A trust was set up in 1909 to hold the title to land and buildings and a separate trust was set up in 1920 to hold and manage financial assets. The trusts merged in 2000 and brought up to date with current charity law. 

## **Purpose of the Trust Fund** 

The purpose of the Trust Fund as currently constituted is to: 

- Hold in trust the land and church building at 229 Upper Brook Street, Manchester 

- Hold and manage donated funds to produce income for the management of the church and community in Manchester 

- Use the income from invested funds to support the expenses of maintaining the church property in a good state of repair, pay the salary of church official and the expenses of maintaining divine service on the church 

- Where needed to effect major repairs or extension to the church premises. 

## **Activities in 2021** 

The church trust income is mainly generated from the investment managed by CCLA and car park rental. The investment income was £33K in 2021 (£35K in 2020) and income from the car park rental was £8K in 2021 (£8K in 2020). The received income supports 70% of the operating costs of the church. 

The total operating cost was £29K in 2021 against £32K in 2020. The reduced costs in 2021 is due to reduced church activities (COVID pandemic related) in 2021. The main costs are utility and council tax costs (£7K), deacon’s salary (£10K), church building insurance (£5K). 

There is £3K spending in 2021 for the “Armenian church 150[th] Anniversary” project which is financed by the government grant. 

The trust bank balance is £38K as of 31 December 2021. 

## **Divine worship** 

The public church services were held in 2021. 



## **Trustees** 

Tatto Couligian Chairman Douglas Buchanan Secretary 01/09/2021 

Resigned as a treasure 

Vicken Couligian Trustee Raffi Baghdjian Trustee Penny evenson Trustee Arman Vardzaryan Trustee 

Garo Zartarian                             Trustee                                           Resigned 01/01/2022 

Lilit Mehrabyan                           Treasurer/ Trustee 

Appointed 01/09/2021 

CONTACT DETAILS 

Addresses: 

## **Chairman** 

Tatto Couligian Grove House Brockley Square Wilmslow, SK9 5BF 

## **Treasurer** 

Lilit Mehrabyan 60 Kingsleigh road Heaton Moor Stockport, Sk4 3PP 



Lilit Mehrabyan
Treasurer
1210812022




|SectionBStatement|ofassetsandliabilitiesat|theendoftheperiod|theendoftheperiod||
|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|
|Categories|Details|funds|funds|funds|
|B1Cashfunds|Trust|tonearest£<br>33,610|tonearest£<br>6,088|tonearest£|
||COIFCharityDepositFund|37,142|||
||Totalcashfunds<br>(agreebalanceswithreceipts and payments|70,762|5,088||
||account(s)|AgreementEror|AgreementError|OK|
|||Unrestricted|Restricted|Endowment|
|||funds|funds|funds|
||Details|tonearest£|tonearest£|tonearest£|
|B2Othermonetaryassets|||||
|B3Investmentassets|Details<br>COIFCharitiesDepositFund|Fundtowhich<br>assetbelongs|Cost(optional)|Currentvalue<br>(optional)|
|B4Assetsretainedforthe|Details<br>landandBuildingat229UpperBrookst|Fundtowhich<br>assetbelongs|Cost(optional)|Currentvalue<br>(optional)L|
|charity'sownuse|Manchester||||
||M13OFY||||
|B5Liabilities|Details|Fundtowhich<br>liabilityrelates|Amountdue<br>(optional|Whendue<br>(optional)|
|Signedbyoneortwotrusteeson|||||
|behalfofallthetrustees|Signature|PrintNamne||Dateof|
|||||approval|
|||LilitMehrabyan||10/08/2022|





## 

## 









|SectionBStatement|ofassetsandliabilitiesat|theendoftheperiod|theendoftheperiod||
|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|
|Categories|Details|funds|funds|funds|
|B1Cashfunds|Trust|tonearest£<br>33,610|tonearest£<br>6,088|tonearest£|
||COIFCharityDepositFund|37,142|||
||Totalcashfunds<br>(agreebalanceswithreceipts and payments|70,762|5,088||
||account(s)|AgreementEror|AgreementError|OK|
|||Unrestricted|Restricted|Endowment|
|||funds|funds|funds|
||Details|tonearest£|tonearest£|tonearest£|
|B2Othermonetaryassets|||||
|B3Investmentassets|Details<br>COIFCharitiesDepositFund|Fundtowhich<br>assetbelongs|Cost(optional)|Currentvalue<br>(optional)|
|B4Assetsretainedforthe|Details<br>landandBuildingat229UpperBrookst|Fundtowhich<br>assetbelongs|Cost(optional)|Currentvalue<br>(optional)L|
|charity'sownuse|Manchester||||
||M13OFY||||
|B5Liabilities|Details|Fundtowhich<br>liabilityrelates|Amountdue<br>(optional|Whendue<br>(optional)|
|Signedbyoneortwotrusteeson|||||
|behalfofallthetrustees|Signature|PrintNamne||Dateof|
|||||approval|
|||LilitMehrabyan||10/08/2022|





## 

##