The Trust Fund of The Holy Trinity Armenian Church
Annual Report for 2022 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 purposebuilt Armenian Church in Northern 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
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The purpose of the Trust Fund as currently constituted is to:
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Hold in trust the land and church building at 229 Upper Brook Street, Manchester
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Hold and manage donated funds to produce income for the management of the church and community in Manchester.
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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.
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Where needed to effect major repairs or extension to the church premises.
Activities in 2022
The church trust income is mainly generated from the investment managed by CCLA and car park rental. The investment income was £34K in 2022 (£33K in 2021) and income from the car park rental was £9K in 2022 (£8K in 2021). The received income supports 91% of the operating costs of the church.
The total operating cost was £47K in 2022 against £29K in 2021. The increased costs in 2022 is due to increase in energy and repair/maintenance costs in 2022. The main costs are utility and council tax costs (£12K), building repair / maintenance costs (£10K), deacon’s salary (£9K), church building insurance (£5K).
The trust bank balance is £36K as of 31 December 2022.
Divine worship
Public church services were held throughout 2022.
Trustees
| Tatto Couligian | Chairman Passed away 01/12/2022 |
|---|---|
| Vicken Couligian | Trustee Role change on 05/01/2023 |
| Vicken Couligian | Chairman Appointed as chairman 05/01/2023 |
| Douglas Buchanan | Secretary |
| Raffi Baghdjian | Trustee |
| Penny Evenson | Trustee |
| Arman Vardzaryan | Trustee |
| Lilit Mehrabyan | Treasurer/ Trustee |
Arshaluse Anne-Marie Gougazian Trustee Appointed 05/01/2023
CONTACT DETAILS
Addresses:
Chairman
Vicken Couligian 9 Valley Drive Handforth SK9 3DN
Treasurer
Lilit Mehrabyan 60 Kingsleigh road Heaton Moor Stockport, Sk4 3PP
Lilit Mehrabyan Treasurer 10/10/23
| Trust Fund of the Holy Trinity Armenian Church | Trust Fund of the Holy Trinity Armenian Church | Trust Fund of the Holy Trinity Armenian Church | 1147512 | 1147512 | 1147512 | CC16a | |
|---|---|---|---|---|---|---|---|
| For the period from |
01/01/2022 | To | 31/12/2022 | ||||
| Section A Receipts and payments | |||||||
| A1 Receipts | Unrestricted funds to the nearest £ 33,907 8,580 28 1,521 - 1,391 - - 45,426 - - - 45,426 11,980 939 9,087 9,728 4,500 4,866 5,521 - - 46,621 - - - 46,621 - 1,195 - - - 1,195 |
Restricted funds to the nearest £ - - - - - - 10,520 - 10,520 - - - 10,520 - - - - - - - 12,131 - 12,131 - - - 12,131 - 1,611 - - - 1,611 |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 33,907 8,580 28 1,521 - 1,391 10,520 - 55,946 - - - 55,946 11,980 939 9,087 9,728 4,500 4,866 5,521 12,131 - 58,752 - - - 58,752 - 2,806 |
Last year to the nearest £ |
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| Investment income | 33,907 | 33,039 | |||||
| Car Park rental | 8,580 | 8,094 | |||||
| Bank Interest | 28 | - | |||||
| Dinner bookings | 1,521 | - | |||||
| Hotel Refund | - | - | |||||
| Misc Income | 1,391 | - | |||||
| LotteryGrant | - | - | |||||
| - | - | ||||||
| Sub total(Gross income for AR) |
45,426 | 41,133 | |||||
| A2 Asset and investment sales, (see table). |
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| - | |||||||
| - | - | ||||||
| Sub total | - | - | |||||
| Total receipts A3 Payments |
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| 41,133 | |||||||
| Utilities and Council tax | 11,980 | 6,659 | |||||
| Miscpayments | 939 | 96 | |||||
| Deacon's salary | 9,087 | 10,230 | |||||
| Repairs andgarden maintenance | 9,728 | 3,832 | |||||
| Payment to bishop | 4,500 | - | |||||
| Insurance | 4,866 | 4,617 | |||||
| Dinner | 5,521 | 1,411 | |||||
| LotteryProjects | - | 3,483 | |||||
| Transfer to Church Wardens | - | 2,001 | |||||
| **Sub total ** | 46,621 | 32,329 | |||||
| A4 Asset and investment purchases, (see table) |
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| - | |||||||
| - | |||||||
| **Sub total ** | - | - | |||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
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| 32,329 | |||||||
| - 1,195 | - 1,611 | - | - 2,806 | 8,804 | |||
| - | - | - | - | - | |||
| - | - | - | - | - | |||
| - 1,195 | - 1,611 | - | - 2,806 | 8,804 |
CCXX R1 accounts (SS)
1
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 B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds |
Signature Details Details land and Building at 229Upper Brook st Manchester M13 0FY Details COIF Charities Deposit Fund Details Trust COIF Charity Deposit Fund Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 32,951.21 2,946.11 40,711.31 - - - 73,663 2,946 Agreement Error Agreement Error 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 Lilit Mehrabyan |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
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| - | |||
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| - | |||
| Current value (optional) |
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| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
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| - | |||
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| When due (optional) |
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| Date of approval |
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| Lilit Mehrabyan | 10/10/2023 | ||
CCXX R2 accounts (SS)
2