| Trust | ees' Annual Report | ees' Annual Report | ees' Annual Report | ees' Annual Report | for theperiod | for theperiod | for theperiod | |
|---|---|---|---|---|---|---|---|---|
| From | Period start date | To | Period end date | |||||
| 1st | January | 2023 | 31st | December | 2023 | |||
Trustees' Annual Report for the period
From
Section A Reference and administration details
Charity name St Sarkis Propertry CIO
Other names charity is known by
Registered charity number (if any) 1193413
Charity's principal address Armenian Church Hall Iverna Gardens London Postcode W8 6TP
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Stephen Setrag Mouradian – HonoraryPresident |
||||
| Hovan Torosyan | ||||
| Varsenig Haroutunian |
(resigned 19thJune 2023) |
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| Armen Der Hakobian |
||||
| Olivier Djololian | ||||
| Christopher Sarkis George Kurkjian FCSI - Chair |
||||
| Yuri Khodjamirian | ||||
| Alexander Adamov | ||||
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
Names and addresses of advisers (Optional information)
| Type of adviser | Name Address |
Name Address |
|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | ||
Section B Structure, governance and management
Description of the charity’s trusts
Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company) Appointed by Trustee selection methods (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its
To advance the Armenian Orthodox Christian faith for the benefit of the public by:
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- Holding the land known as the Church of St Sarkis at Iverna Gardens, Kensington, London W8 6TP; 2. Permitting it to be used as a place of public worship, primarily but not exclusively, by the members of the Armenian Church 3. Providing a residence for the clergyman and his family, such clergyman to be selected and appointed by a majority of a body consisting of the trustees and the members (not exceeding three in
governing document number) of the parish council and to be removable by the same body 4. Maintaining, repairing and improving the church and any associated buildings to facilitate such worship; 5.Making any surplus funds available for such other wholly charitable purposes associated with A) the holdings of the land B) the upkeep and improvement of buildings upon the land; and C) facilitating a place of worship; as the trustees in their absolute discretion see fit. Working with Schools and other Charities outside of the Armenian Community. Working with the St Sarkis Parish Council, Choir and Priest. Contributing to the (The Diocesan centre) Working with the wider community by making the Hall available at evening and weekends for public, private & corporate events.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
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You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section D Achievements and performance Maintaining and improving the buildings for the benefit of all. Summary of the main achievements of the charity during the year
Section E Financial review
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Brief statement of the charity’s policy on reserves
The Trustees endeavour to have sufficient reserves to continue the running of the Church, Church Hall and vicarage for the foreseeable future.
Details of any funds materially No funds are in deficit. in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
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| St Sarkis Property CIO | St Sarkis Property CIO | 1193413 | ||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
1/1/2023 | To | 12/31/2023 |
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Hire of church hall 8,098 Interest 898 Growingspace - 21,930 Donations 8,501 - - - 39,427 Transactions with Armenian Church - 63,154 Transfer with JM Finn - Purchase/disposal of investments 70,121 Sub total 6,967 Total receipts 46,394 A3 Payments Bank charges 4,160 Legal andprofessional 6,449 Ministerial expenses 34,191 Cleaning 400 General repairs and renewals 260 Insurance 586 - - - Sub total 46,046 - - Sub total - Total payments 46,046 Net of receipts/(payments) 348 A5 Transfers between funds - A6 Cash funds last year end 18,801 Cash funds this year end 19,149 Unrestricted funds to the nearest £ Gross dividends from UK listed shares and bonds Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 8,098 898 - 21,930 8,501 - - - 39,427 - 63,154 - 70,121 6,967 46,394 4,160 6,449 34,191 400 260 586 - - - 46,046 - - - 46,046 348 - 18,801 19,149 |
Last year to the nearest £ |
| - - - - - - - - |
8,098 | 786 | ||
| 898 | 3 | |||
| - | 18,098 | |||
| 21,930 | ||||
| 8,501 | - | |||
| - | ||||
| - | - | |||
| - | - | |||
| 39,427 | 18,887 | |||
| - - - |
- 63,154 | 100 | ||
| - | ||||
| 70,121 | - | |||
| 6,967 | 100 | |||
| - | 46,394 | 18,987 | ||
| - - - - - - - - - - |
4,160 | 26 | ||
| 6,449 | 160 | |||
| 34,191 | - | |||
| 400 | - | |||
| 260 | - | |||
| 586 | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 46,046 | 186 | |||
| - - - |
- | |||
| - | ||||
| - | - | |||
| - | 46,046 | 186 | ||
| - | - - - - |
348 | 18,801 | |
| - | - | - | ||
| - | 18,801 | - | ||
| - | 19,149 | 18,801 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details CAF Bank Paypal account JM Finn Details Details Listed securities Details Details Armenian Church of St Sarkis Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 361 - 597 - 18,191 - 19,149 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) Unrestrictied 824,324 - - - - Cost (optional) - - - - - - - - - Unrestricted 831,771 - - - - Print Name Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
Independent examiner's report For the year ended 31 December 2023
Independent examiner's report to the Trustees of St Sarkis Property CIO (the 'Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection 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.
Signed: Dated:
15/10/2024