CharSty Reglstration No. 1172096
Company Reglstratlon No. CEO10596 (England and Wales)
THE FRIENDS OF ETCHMIADZIN
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE FRIENDS OF ETCHMIADZIN
LEGALAND ADMINISTRATIVE INFORMATION.
Trustees
Bishop V Manukyan
Mr H H Dklizian
Mr R B Tanielian
Ms S Ross LLB (HONS)
Charlty number
1172096
Company number
CE010596
Reglstered offlce
107 E81ing Road
Brenlford
MiddloS&X
TW8 OLF
Accountant8
M¢)oro Northom Fk)me Countles Llmiled
73-75 Hlgh Slreel
Stev6nago
Hertfordshlre
SG13HR
Bankers
N81ional W&slminsler Bank plc
Kensington. Royal Garden Branch
PO Box 2341
55 Kensington Hlgh Street
London
W8 5ZG

THE FRIENDS OF ETCHMIADZIN
CONTENTS
Page
Truslees. report
Accountants, report
Slalem8nl oi financial actlvliles
8alance sheet
st81em8nl ol cash flow8
Notes lo the financlal statements
7-10

THE FRIENDS OF ETCHMIADZIN
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial stalements for the year ended 31 March 2025.
The financial statements hav8 been prepared in a￿OrdanCe with the ac(x)unllng pollcies sel out in note to Iha
financial statements and comply with the charity's Trusl Deed, lh& Charities A¢1 2022 and "Accoundng and
Reportlr)g by Charltie$: Slalement of Recommended Practice applicable to charltles preparlng Ihelr accounts In
accordance wllh the Financial Roportlng Standard applicable in the UK and Republlc of Ireland (FRS 102}"
Objectlves and actlvitles
The obJecliv& ol the Charity Is the advancem8nl of rellglon in 8ceA)rdane6 with the docldnes of tha Armenian Church
by the provlsion of support lo the mOt￿r See ol Holy Elchmiadzln in Armenia and around the world In such
mann8r as th8 charity trustees may determin8 from lime to tim8.
Th8 Truste8$ have referred to the guldance contalned in Ihe Charlty Commission's gen8ral guldanc8 on publlc
ber)efit when reviewlng our alms and obj8Ctlves and In plannlng our future acllvilie$.
Achlevoments and performance
During the ye8r, our dedlcaled Iwslees recelved generous donations lolallng £20.000.00. We also recelved £
800, whSch w8s further enhanced by Glft Ald contrlbutions 8mountlng 10 £200. In allgnmenl with the Trust'8
steadfast commilmenl lo Ils obleclives. the trust88s alkscaled £20,000 as grant donalions lo the slud8nt to cov8r
hls accommodallon fees for £20.000 and also donated £25,000 lo ACT UK for advanclng Chrlstian fallh 8nd
impl8menting projects undgr the Ifuslees, dlscrelion. Thls slgnificanl contribullon was speclfically designated to
provlde bulldlng facllllles that enable chlldren at dsk of social and economic Isolation lo engag8 In arl and
palnling. Addilionalty. a grant of £5,000 w8s allocaled to cover expenses In¢urred by tha Bishop In his mlssion to
Internallonal travels, attend lo various parlshes and organlse aclivilios.
Flnanolal revlew
The Charlty adopts a unlquo approach by focuslng on raising funds for speclflc prol8Cts rather than settlng asld8
reserves for ongolng oper8llonal costs. As of the year-end, Ihe Charlty's funds lolaled £4,405.15. wlth Ihe
m8lorlly dedicated to charitable grants. The Trustees have conducted 8 comprehensiv8 assessment of slgniflcanl
rlsks that tho Charity may face concernlng its operations and finances. CurT9ntly. no specific risks or uncertalnlies
havo b88n Identified. However. the Trustees remaln vlgilant In monltorlng the Charlty's a¢tivlll86 and ar8 pr&pargd
lo address any rlsks Ihal may arlse.
Plans for future perlods
Moving forward, the Twst is commitled to maintalnlng its ￿ntral pdicy of provlding gr8n18 lo rellglous
organiL311ons, particul8rly in support of the Mother See of Holy Etchmiaijzln in Armenia. The Trust wlll also
conllnue lo asslsl wllh the malntenance of the B]s￿P,S House in Brentford, London, a5 needed, and support the
Blshop In hls rgsponsibililles related lo hls Choir and Youth programs. as w811 as vlsiting parishes throughout the
Unlted Klngdom and predomlnantly In A￿nen7a. LaslSy. the Trust ￿MaInS dedicaled io providlng educational
support to students.
struGture, governance and management
The Friends of Elchmiadzln is a reglslered Charity and a Charitable Incorporaled Organlsatlon govern8d by Its Trust
Deed.
The trustees, who are also lh8 directors for the purpose of ￿)MpanY law. and vtho served during the year and up to
the dale of signature of the financial statements were:
ishop V Manukyan
Mr H H Dldlzlan
Mr R B Tanielian
Ms S Ross LLB IHONS)

THE FRIENDS OF ETCHMIADZIN
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A Board of Trustees of four members administers Ihe Charity. The Board has the pow8r lo appoint any person to be
a TTuslee. either to fill a casual vacancy or as an addition to the existing members.
None of the Iwstees has any beneficial Inte￿St In the Gharity. If Ihe charity 18 wound up. lh& trust&&s have no
liability to Contribute to ils a88els and no personal responsibility for s8tt1ing its debls and liabililies.
The Charity is run by ils Trustees. who make decisions at bjard meelir¥Js. There 8r8 no staff to delegat8
management of Ihe Charity lo.
New Iruslees are made awaro of their responsibilities upon Induction and are encouraged lo k88p up lo d81e with
d8velopment8 in the sector by accessing relevant tralning material.
Th8 Irusle8s' report was approved by thg Board of Trusta8S.
Bishop V Manukyan
Trusteè
Dale..
30'Jan"2026

THE FRIENDS OF ETCHMIADZIN
CHARTERED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION
OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE FRIENDS OF
ETCHMIADZIN FOR THE YEAR ENDED 31 MARCH 2025
In order to assist you to fulfil your duties under the Companies AGI 2006, we have prePa￿d for your approval the
finanaal stat&menls of The Friends of Elchmiadzin lor the year ended 31 March 2025. which comprise the
statement of financial activitie5. the cash flow slatemenl and Ihe related notes from the charily's accounting records
and from inft)mialion and explanations you have given us.
As a praclising member firm of lh8 Instilule of Chartered A(xountanls in England ar￿ Wales, we are subject to It8
ethical and other professlonal requirements which are deiailed at httpjlwww.icaew.comlenlmemb8r8hiplregulalions-
8landard8-and-guidancel.
This report is mad8 lo the charity's truslees, as a body. in accc￿dance with Ihe lerms of our engagement letl8r. Our
work has been undertaken sulely to propare for your approval the financial slal8ment8 of The Friends of
Etcl)miadzin and state those matt8rs that wo have agreed to 8lale to th6 charitys trusle8s. as a body, In this report
In accordanGe wllh ICAEW Technical Roloase 07116 AAF. To the fullest extont permitted bylaw. we do nol accept or
assume responsibility to anyone other Ih8n The Friends of Elchmiajzin and the charity's Ifuslees as a body. for our
work or for this report.
It is your duty lo ensure that The Friends of Elchmiadzin has kept adequate ac¢ountlng records and lo prepare
81alulory financlal slalemenls Ihal glve a true and fair view of Ihe assets. liabilities, financial posllion and dgficil of
The Frlends of Elchmiadzln. You conslder that The Friends of Etchmiadzin is ex8mpt from the slalulory audll
requir8menl for the year. and Is not required to obtain an Independent examlnerf6 report.
We have noi been inslw¢led to cary oul an audit or a review of Ihe financlal slalemenls of The Friends of
Elchmladxin. For Ihls reason. we have not verif￿d Ihe accuracy or compleleness of Ihe accounting records or
Informallon and explanation8 you have given io us and we do not, therefore. eXp￿sS any opinion on the slalulory
financial slalemenls.
oor
Moore Northern Hom¢ Counties Llmited
Chartered Accountants
73-75 Hlgh Street
Slevenage
Hertfordshlre
SG13HR
Date.. .Q2.F¢b.2Q.2fi......

THE FRIENDS OF ETCHMIADZIN
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrlcted
funds
2025
Unrestrlcted
funds
2024
Note5
Income from:
Donallons and legacles
21.000
78,114
Total InGome
21.OtKI
78.114
Expendltur8 on:
Charll8bl& acllvltles
52,697
45,100
Total expendlturé
52,697
45,100
Net Incomel(expendlture) and movemont In funds
131,6971
33.014
Reconclllatlon of funds:
Fund balances al 1 April 2024
62,378
29,364
Fund balance$ at 31 March 2025
30.681
62,378
The slalement of flnancial actlvili&s Sncludes all galns and h)ss8s recognlsed In the year. All Income and 8xpendlture
d6rlv6 from contlnuing acllvlti88.

THE FRIENDS OF ETCHMIADZIN
BALANCE SHEET
ASAT 31 MARCH 2025
2025
2024
Noles
Current assets
D8blors
Cash al bank and In hand
28.970
4.405
28,970
35,400
33,375
64.370
Cr8ditors: amounts falling duo withln
one year
10
(2.694)
11.992)
Not currènt assets
30,681
62,378
The funds of the charlty
Unreslricled funds
11
30,681
62,378
30,681
62,378
The company is entitled to the exemption from the audit requirement contained in &tclion 477 of the Companlas Act
2006. for Ihe year ended 31 March 2025.
The directors acknowledg8 their responsibilities for complying with the ￿ qulr8menls of the Companles Act 2006
wlth r8spect lo accounting ￿CordS and Ihe preparation of financial slalemenls.
The members have not requlred the company to obtain 8n audit of its ￿nancIal stalemenls for Ihe year in question in
accordanc8 wilh secllon 476.
The8e financial st8tements have been prepared In accordan￿ with Ihe provlsion5 applicable lo compan168 8ublect
to the 8mall companies Wlme.
30 Jan 2026
The financlal statementswere approved ty the Iruglees on ..................
Blshop V Manukyan
Trusteo
Company registratlon number CE010596 (England and Wales>

THE FRIENDS OF ETCHMIADZIN
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operatlng actlvitles
Cash {8bsoTbed byllgengrdled from
operalSons
13
(30,995)
33.146
Net cash generatad from Investlng actlv5ties
Net cash generated fmm flnanclng actlvltiès
Net Id¢crease}Ilncrease In cash and cash
equlvalents
(30.995)
33,146
Cash and c88h equivalent8 at beglnning of y8ar
35,400
2.254
Cash and cash equlvalents at end of year
4.405
35,400

THE FRIENDS OF ETCHMIADZIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Charlty Intormatlon
The Frlends of Etchmiadzin is a private company lirniled by guarantea Incorporated in England and Wales.
The registered office is 107 Ealing Road, Brentford. Middles8x. TW8 OLF.
1.1 Accountlng conventlon
Th8 flnancial slalemenls have been prepared in accordance wilh thg charivs Trust Deed, the Companles Acl
2006 and "Accounting and Reporting by Charilles: Slalement of Recomm6nd8d Practice appllcabl6 to
charlll&s preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK
and Republlc of Ireland {FRS 102r. The charlly Is a Publlc Benefit Entity as defined by FRS 102.
Th& finanGlal statements are prepared In slèdlng. whlch Is th6 functional currency of Ihe charlly. Mon8tary
amounts In Ihese flnanclal sialemfrnts are rounded lo n8ar8St £.
The financlal slalemenls have been pr8pared under Ihe hlstorlcal rLsst convention. The prlnclpal accounllng
pollcies adopted are sel out b810w.
1.2 Golng concern
At Ihe time of approvlng Ihe Ilnancial statemenls. the Irustees have a reasonable expecl8llon that tha charlty
has adequate resources to conllnuo In op8ralional exislence for the loresee8ble future. Thus Ihe Iruslees
continue to adopt the golng concern basi8 of a¢counllng In pr6P8ring the flnancial 8tat6menls.
1.3 Charltable funds
Unreslrlcled funds are those general funds received and ulilised in furtherance of the oblecls of the charity.
Funds where the capllal is held to generate income lor chariiabl6 purposes and cannot its81f b8 spent are
accounled for as endowment funds.
1.4 Incomlng resources
Donallons, legacies and slmllar Incomlng resources are re(x)gnlsed 0￿e th8 tharity has enllllomenl to Ihe
Incom8, there Is suificlont cerlalnly or r8coipI and so11 Is probable that the Income wlll be recelved. and the
monetary value of Income can be measur8d rellably.
Cash don8tlons are recognised on recelpt. Other donallons are recognis6d once the charlty has been Dollfied
of the donallon, unless performance condillons require del8rral of the amounl. Income lax re¢over8ble In
relation to donations receiv6d under Gift Akl or deeds of covenanl Is recognssed at the Ilme of tho donalS0n.
1.5 Resources expendod
Expendilure is recognlsed In the slalemenl of financl81 acllvities on an accrual basls as a Ilablllly Is Incurr8d.
Expendllur6 Includes any VAT which can nol be fully recovered.
The expenditure on charitable activilies includes grants tnade. govemanco cosls and support costs. Included
wllhin this category are costs of complying wilh conslllullonal and statutory requirements.
ApplScalions for granls are considered by the Trusleus from unlversty students of Armgnian orlgln. as well as
Amienian educallonal, cultural and soclal organisalions. Priority is given by Ihe TrusleÈ8 lo undergradual6
students. They Bre 4Gcounled for on an accruals basls where the thlrd party has a reasonable expectation
Ihal Ihey wlll recelve the grant.
1.6 Cash and Gash equivalonts
Cash and cash equivalents include cash in hand, dep(k8its hebj al call with banks, other short-term Ilquld
Investments with original maturitles of three months or less.

THE FRIENDS OF ETCHMIADZIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 IWARCH 2025
Accountlng pollcles
(Contlnued)
1.7 Flnanclal Instruments
The charity has eleGted lo apply th& provisions of Section 11 'Basic Financlal Instrum8nl8' and Secllon 12
'Olher Financlal Inslnjmenls Issu8s' of FRS 102 to all of Its financ￿1 Instruments.
Flnancial inslrum8nls aro recognlsed In the chartlVs balance Sheet Wtr￿n the charlty becomes party lo the
contractual provlslons of thè Instrument.
Donatlons and legacles
Unrestrlcted Unre5trlGt&d
fund5
funds
2025
2024
th)nallons and gifts
Glft Ald redalmed
20.800
200
55.000
23,114
21,000
78,114
Charitable actlvllle8
2025
2024
Gr8nt fundlng o18Ctlvltle8 (see note 4>
Share ol govemance cosl818ee note 5)
50,000
2,697
43,078
2.022
52,697
45.100
Grant8 payablo
2025
2024
Religious granls
Educallonal giants
Other
25,000
20,000
5,000
36,077
7.000
50,000
43.078

THE FRIENDS OF ETCHMIADZIN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support Goveman¢o
costs
osts
2025
Support Governance
costs
costs
2024
Accountancy fees
Independent 8xamlner
fees
2.697
2,697
2,022
2,022
2,697
2.697
2.022
2,022
Allocated lo..
Charltable activities
2.697
2.697
2,022
2,022
Trustees
None of the Irusle6s (or any persons conn8c18d wllh Iheml receNed any remuneralion or boneflls from th8
charlly durlng the year.
Employeas
The av&rage monlhly number of employees durlrwJ th8 year was:
2025
Number
2024
Numbèr
Total
There w8r8 no employ8es whose annu81 remuneration was more than £60,000.
Taxatlon
The charity Is exempl from laxallon on118 acllvllles b8cause all Its Inwme Is appllod for ch8rltable purposes.
Debtors
2025
2024
Amount5 falllng due wlthln onè yèar:
Other debtor5
28.970
28,970
10 Credltors: amounts falllng due withln one year
2025
2024
Accruals and d8ferrod Income
2,694
1,992

THE FRIENDS OF ETCHMIADZIN
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Unrestrlcted funds
The unrgslricted funds of the charily comprlse Ihe unexpend8d balan￿$ of donations gianls whlch are
not sublecl to speclflc ¢ondi1Sons by donors and grantors as to how they may be used. These include
designaled funds which have been sel aslde oul of unreslricted funds by the trust8es for specific purposes.
Al 1 Aprll
2024
Incomlng
resources
Resources At 31 March
expended
2025
G8neral funds
62.378
21,(KJO
(52,6971
30,681
Prevlous yèar:
Al 1 April
2023
Incomlng R8sourc08 At 31 March
re80urces
expended
2024
General funds
29.364
78,114
(45,100)
62,378
12 Related party transactlons
Transactlons wlth related partlas
Durlng ihe year the charlty entered Inlo Ihe followlng Iransactlons wllh related p8rt18s:
A grant of £5,000 was 8llocaled lo cover expenses incurred by the B18hop, In Ih81r mlsslon to attend to
varlous parlshes, organlse aclivtlles arKI sludlg8.
13 Cash labsorbod byvgenerated from operatlons
2025
2024
(Deffcltysurplus for Iha year
{31.697)
33,014
Movements In worklng capltal:
Increase In credltors
702
132
Cash (absorbed byygenerated from oporatlons
(30.995)
33.146
14 Analysls of changès Sn n&t funds
The charity had no malerfal debt during Ihe year.
10-