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2024-12-31-accounts

The Trust Fund of The Holy Trinity Armenian Church

Annual Report for 2024 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 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.

Annual Narrative Report of Holy Trinity Armenian Church, Manchester – 2024

Throughout 2024, Holy Trinity Armenian Church continued its mission of fostering faith, worship, and fellowship among Armenians in Manchester and the wider northern region. The Divine Liturgy (Holy Badarak) was celebrated regularly, providing a spiritual foundation for parish life and the continuation of the Armenian Apostolic tradition in Britain.

The church observed the major feasts and solemn occasions of the Armenian liturgical calendar with reverence and community participation:

Together, these liturgical events formed the spiritual heartbeat of the parish in 2024, uniting the faithful in worship, remembrance, and thanksgiving.

Beyond the liturgical calendar, Holy Trinity continued to serve as a vibrant centre of Armenian culture and fellowship. The church hosted social and community gatherings, commemorations, and informal celebrations that fostered connection among parishioners, families, and students. Through these activities, the parish maintained its vital role as a home of faith, culture, and identity for Armenians living in and around Manchester.

Financial and Organisational Overview

The trustees present their report together with the receipts and payments accounts for the Trust Fund of the Holy Trinity Armenian Church for the year ended 31 December 2024.

Financial Overview

During the financial year, the Trust generated a total income of £51,819 , compared with £44,057 in the previous year. The main sources of income continued to be investment returns and property-related receipts, reflecting the Trust’s ongoing focus on maintaining a stable and sustainable financial base to support the activities of the Holy Trinity Armenian Church.

Investment income remained the largest contributor, amounting to £39,498 (2023: £34,038). Income from car park rental also increased to £10,245 (2023: £9,729. Additional income included donations totalling £1,995 , bank interest of £81 and no miscellaneous income this year (2023: £220).

Expenditure

Total expenditures for the year amounted to £49,308 (2023: £36,056). The main areas of expenditure were:

The substantial increase in repair and maintenance costs reflects necessary works carried out during the year to preserve the condition of the Trust’s property and grounds. These works were funded from unrestricted resources.

At the end of the financial year, total income exceeded expenditures by £2,510 , resulting in a modest net cash inflow for the year.

Funds and Reserves

At 31 December 2024, the Trust held total cash balances of £98,627 , all of which are unrestricted. These funds were held across three accounts:

In addition to cash reserves, the Trust maintained substantial investment holdings valued at £1,457,057 , comprising units in the COIF Charities Trust Investment Fund, the COIF Charities Global Equity Fund, and the COIF Charities Deposit Fund. These investments continue to provide a reliable income stream and are managed with a long-term perspective in line with the Trust’s objectives.

Assets and Liabilities

The Trust owns the land and building at 229 Upper Brook Street, Manchester (M13 0FY) which is retained for the ongoing use and benefit of the Church community. There were no outstanding liabilities reported at the year-end.

Conclusion

The Trust Fund of the Holy Trinity Armenian Church remains in a sound financial position, supported by stable investment income and well-managed reserves. The trustees are committed to maintaining prudent financial oversight

while ensuring that funds are used effectively to support the Church’s mission, property maintenance, and related charitable activities.

The trustees extend their appreciation to all who have contributed their time, donations and support throughout the year.

Trustees

Vicken Couligian Chairman Douglas Buchanan Trustee Raffi Baghdjian Trustee Penny Evenson Trustee Arman Vardzaryan Trustee Lilit Mehrabyan Treasurer/ Trustee

Arshaluse Anne-Marie Gougazian Trustee

CONTACT DETAILS

Addresses:

Chairman

Vicken Couligian 9 Valley Drive Handforth SK9 3DN

30/10/2025

Treasurer

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

11/10/2025

Trust Fund of the Holy Trinity Armenian Church 1147512 Receipts and payments accounts CC16a For the period 01/01/2024 31/12/202431/12/2023 To from

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
39,498
10,245
1,995
81
-
-
-
-
51,819
-
-
-
51,819
10,535
60
9,991
18,780
4,500
5,442
-
-
-
49,308
-
-
-
49,308
2,510
-
-
2,510		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
39,498
10,245
1,995
81
-
-
-
-
51,819
-
-
-
51,819
10,535
60
9,991
18,780
4,500
5,442
-
-
-
49,308
-
-
-
49,308
2,510		 Total funds
to the nearest £
39,498
10,245
1,995
81
-
-
-
-
51,819
-
-
-
51,819
10,535
60
9,991
18,780
4,500
5,442
-
-
-
49,308
-
-
-
49,308
2,510		 Last year
to the nearest £
Investment income 39,498 34,038
Car Park rental 10,245 9,729
Donations 1,995 -
Bank Interest income 81 70
Misc Income - 220
-
- -
- -
Sub total(Gross income for
AR)		 51,819 44,057
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
44,057
Utilities and Council tax 10,535 10,024
Miscpayments 60 939
Deacon's salary 9,991 10,955
Repairs andgarden maintenance 18,780 3,976
Contribution to bishop 4,500 4,500
Insurance 5,442 4,763
LotteryProjects - 899
-
- -
**Sub total ** 49,308 36,056
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
36,056
2,510 - 2,510 8,002
- - - -
- - - -
2,510 - 2,510 8,002

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
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
charity’s own use
B5 Liabilities		 (agree balances with receipts and payments
account(s))
Details
Trust cash account
COIF Charity Deposit Fund
Trust deposit account
Total cash funds
Details
Details
COIF Charities Trust Investment Fund
COIF Charities Global Equity Fund
COIF Charities Deposit Fund
Details
Details
Land and Building at 229Upper Brook st
Manchester
M13 0FY
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
46,403.13
-
51,363.69
-
861
-
98,627
-
Agreement Error
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
Lilit Mehrabyan
Vicken Couligian		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,267,890
137,803
51,364
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
11/10/2025
30/10/2025

Signed by one or two trustees on behalf of all the trustees

CCXX R2 accounts (SS)

2

CHARITY COMMISSION FOR ENGLANO AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trustees Trust Fund of the Holy Trinity Arrn8nian Church On accounts for the year 3111212024 ended ' Charity no (if any) 1147512 Set out on paga$ I report to the trustees on my examination of the accounts of th8 above charity (Ihe Trust.) for the year ènded 3111212024. Responslbllltl8s and basls of rèport As the charitvs trustees, you are responsib19 for the preparation of the accounts in accordan￿ the reqLJif8ments of the Charities Act 2011 lllhe Act"}. I report in respe(* of ffly examination of the Trust's accounts carried out under section 145 of the 2011 Acl and in carying out my examination, I have followed all the ap￿ICable Directions gNen by the Charity Commission under section 145(51(b) of the Act. Independent tThe charity's gross in(x)me exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualifi8d member of [insert namè of applicable listed body]l. Delete [ ] rfnot applicable. I have completed my examination. I confim that no material matters have come to my attention in (x)nn8ction wth the examination {other than that disclosed below.) whith gives me cause to believe that in, any materi81 respect: the accounting records y￿re not kept in accordance with section 130 of the Charities Ad- or the accounts did nol aco)rd with the accourrting records,. or the accounts did not comply vKth the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounls give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no (xjncems and have come across no other fflatters in Gonnection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ' Please delete the words in the bTrckets rfthey do not apply. Slgned: Date: 1511012025 Name: Wei Anderson Relevanl professlonal qualificationlsl or body {if any): Fellow Chartered certifi￿ AGGouniant IER Oct 2018

Address: 25 Nimrod Grove. Wotyjford, Stockport SK7 1SF Section B Disclosure Only complete il the examiner neeos to hignlignl md18rial ffialters of concern (see CC32, Independent examinalion of charity accoLJnls: diractions and guidance for examiners). Give here brlef details of any items that the examin9r wishes to disclose. IER Oct 2018