DICKRAN AND SETA OUZOUNIAN
EDUCATIONAL TRUST
Financial Statements for the year ended
31 December 2023

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Officers and Advisers
Goveming Documentr.
Charlty Registration No:
1195178 EngLand & Wales.
Main OFfica:
Dickran Sela CAJzThJnian EdU￿￿onal Trust
PO Box 7628
L￿dOn
W1A3YZ
Trustees:
Mr G Garab￿lan
Mr B P Gulbenkon (Chairman)
Administrator.
Ms M Ihanessoff
Independent Financial Advisor. WestminsterWeaEth Management
167 Fleet ￿eet
London
EC4A 2EA
Investment Manager:
Ralhtones Investment Managemerrt
8 Finsbury Cir(JJs
London
EC2M 7AZ
Bankers:
Cwits & Co. Ltd
440 The StraTh
London
WC2R OQS
Independent Examiner.
Hovnan Hampartsoumian B& FCA
Hovnan & Co ￿rnited
Chartered A£couTttants
106 Ashurst Road
Bamet
HeTts EN4 9LG
Page
Contents:
Tnk8tees' Annual Rety)rt
Irmjependent Examiners Rer<xt
Staiement of Financial P£bvilies
Balance Sheet
AcmJntirKJ Pdicies and Notes
7-11

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Trustees. Annual Report for the year ended 31 December 2023
The Trustees present their annual reFMNi and financial stat￿￿ts for the year endgj 31 D￿ember 2023.
The figures p￿sented for the prK)r represent arTr 1&month time wx)d: 15 Juty 2021 to 31 D￿mber
2022. The Trustees confim that the annual rer*Jt and financial stat&nents of the Charity comply with the
current ststutory requirements. the requirements of the Charitrfs govwning d0￿ment arKI the provisions of
the Statement of RecommerKted Practi￿ (SORP), applicable to chartiies preparing their accounts in
accordance wtlh the Financial ReForting Standard applicable in the UK and Republic of Ireland (FRS 102)
effective 1 January 2019.
Objectives
The object of the Trust ts the advan￿ment of educatbm in the UK of needy Amenian students frc
anywhere in the wodd induding the fiJrtherdn￿ of studies in music and Ihe arts. To fuffil the TTusVs
objectives. the Trustees offer grants to needy siudents of Armenian (YwJin sludyng in the UK.
Publlc Benefft
The Trust￿ have referred to the guidance ff)ntsined in the Charity Commission's general guidance on
public benefft when reviewing the Trusys airns aThJ objedives and in planning fijture activities.
The grants made during the year l*ve beneffted the public in the further educatK)n of Armenian students
studying in the Ulc
Achievements tn year (including financial revie*)
During the year, the Trustees awar(W £71,(((I to 13 sttthrrts {2022' £72,000 to 13 students) studying at
various universtties in the UIC AH grants were sdK)larship renewals to existiThJ candidates with the
exception of one new grant to an opwa sirKJer on the Jette Parker Artists. Programme at the Royal Opera
House. Atthough three students tr￿n the prior year ￿pleted thetr degrees in that year. two students who
had defe￿ed the grant awarded to them pr￿ year. icx)k up their awards during this period.
Therefore, overall. Ihe numL*r of avmds remaiwj the same. IndNidual grants ranged from r3,000 to
£10.000 per studenL
The TnLsYs incx)me ￿)nS￿ts Sole￿ of dividends capital growth of the investment Fortfolio wilh min
conlributions from interest bank deposts. The sale of seoxjribes during the peiicxd to an overall capital
loss of over £22k. While this may appear to te better than the same figure for the p￿r period (£28k loss on
sale of securiknes). tt is in fact a littte ￿￿rse because, Ixing first year of operation, the prior perv)J was 18
months long. Besides a small portion of ￿$h in the Trusvs bank ac￿unt, the tx)rtfolio ￿presents the vast
majonty ofthe capital, (y Trust Fund, whM* grew just over 1% to £2.71 million (2022- £2.66 million).
During the course of the year, the Trustees questioned Rathbo￿. the investment managers, on the
reasorts for the conbnuing pcKK ￿rfOrnian￿ of the asset p￿￿Oli0, and vthat could be done to improve
things. The response was not encouraging because finanoal markets femain volable and unp￿dIctable in
the short tem but the Trustees were assured that the Comwsi￿n of the portfolio is constanty reviewed
and adjusted to achieve Ihe opkn'mum Km￿51bIe within the framework ofthe TTusfs risk profile.
Fdlowing a transfer of funds fr(xn the EyThJable Endowment, agre￿ by the Tmstees. the Unrestricted
Fund began the period at z￿0 and ended £13k in the red (2022: £30k in the red). While it was hoped that
the ouuook woukl improve. this Outc￿ was not Wh￿lY ur*xwAed and seemed increasingty inevilable in
the settjnd hair of the period wt￿n it was dear that the portt(4io was unlikely to achieve the desired yield.
The Truste&s are wmmrtted to supFM)rtiro existng beneficiary students by renewing their grants until the
completion of their degree course. and have or￿e agatn agregj to transfer the necessary funds from the
ExpendatAe Endowment to the unrestr￿ Fund.
OveraS1. there has Ixen a margina imtxovement in the Trusfs c(Knpared the prior year.

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Trustees. Annual Report for the year ended 31 December 2023
Structure. Governance and Management
The Charity is govemed by a Trust DegJ in settl￿ent declared by the late Dick Haig and Seta Ouzounian
on 24th November 1998. The Trust an unirrnrrMy*ed association administered by two Trustees and one
administrator as named on the Office￿ and advisors page. Both the Truslees setve on a voluntsry basis
and receive no expenses. No staff are ojrrently employed by the TrusL The self-employed administrator is
patd.
Investment Poficy
The Trustees of the Charity have wide pjwers to invest the rnOn￿ of the Charity as they Ihink fiL They are
advised On investment matters by Westminster Weath Management LLP. who are led by the Trustees,
guidance on requirements and risk. The TnJsYs investmenl EKrfolio is [￿feSSional￿ managed by
Rathbones Investment Management. The C￿ent p(YtfdK) is invested wKlely in terms of asset class, asset
manager atyl seujrity aThJ ￿ a global basi
The Charity seeks to prLYju￿ the best financial retum within an a(£eptab￿ level of risk. It adopts a ttknl
relum approach to investmenL generating the investment retum from inwme and p2pital gains or losses. It
is expected that rf in any one year the total reknm is insuffi(xent to meet the budgeted grant-making
expenditure, in the lorvJ term the real value of the Charity will still be maintain￿. To allow for volatility ol
capital values. the Trustees pemif( the manager to maintain at least one yeals wcw1h of budgeled grant in
cash or k)wer risk liquid investrnent&
Reserves Policy
In lenns of Charity Law. the Trust Fund is an expendaue endownent. The trustees therefore have a dLty to
spend the income reserves generated from the Trust FUTKI V￿thIn a reasonable time of r￿lpL However,
scholarships to new benefiaaries are awarded on Ihe basis that a student will be supported for each year of
their degree course, subject to (*in o)ndilions being met Therefore. in any parti¢￿Iar year, the trustees
11 aim to maintain suffI￿nt funds in the reserves tr) ccxnwsate for a potential drop in income in the years
subsequenl to each new award.
The Tnjst Fund consists solety of the original capttal and capital gainsllosses. Investrnent income is held in
the Unrestricted Funds. In the long temi. the Trustees will aim to keep charitable spending in line with net
income. although they do have the power to spend the Capital of the fund on charitable purposes rf they so
deternine. The TTUStees are aware that it wll d[ffi￿tt to fijlfil the lon¥emi aim in the s￿rt teTm. due to
ongoing market volatilty and Ihe general￿ un￿rtain ec1x￿m￿ dimate.
Risk Review
The TrLJStees have identified and assessed the Maj￿ risks to whid) the Charity is exposed, in parbcular
those related to the operation and ffinan￿ of the ChaTty. They are satisfied that the Charitys exposure to
these risks is at an acceptable tevel.
The Trustees are able to tolerale volaffity ofthe capital value of ￿ Charity, as long as the Chartty is able to
meet ils short-temi grant-maknng commitments through either income or liquid 12pital assets.
With the backdrop of a war in Europe and the eruption of o)nfiict in the Middle EasL the markets have
remained vdati]e.
Going Concern
The Trustees have a reasonatk exp*tion that the Charity has adex]uate resour￿$ to be operational for
the foreseeab￿ fiJture. For thi% reascn they will adopt the going basis in preparing the financial
ststement&

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Trustees. Annual Report for the year ended 31 December 2023
Future Plans
The Tnjst intends to o)ntinue its central of distributing all income rwxived to elKJIb￿ beneficiaries in
fomi of grants in a(urdan(E w¢th the tern￿ ofthe Twst Deed.
Responsibilities of Trustees
The Trustees are reSp(￿s7￿￿e for preparing the Trustees, Annual Report and the financxal statements in
accordance witrt appl￿ble law and United AcctsJnts"ro Standards (United Kingdom Generally
A￿pIed Accounting Practi￿). The Law applicab￿ to chafiiies in Engknd and Wales requires the Trustees
to prepare financ¢al ststements f(K eath financial year. Under that law the Trustees have elected to prepare
the finan(ial statements in a01)rdan￿ viith Unrted lfjngdcrfn Generalty Accepted Accounting Practi
(United Kingdom Generally A￿pted Acwjnting practi￿ and appli(%ble law). Under charity law the
Trustees must not approve the financ3al statements unle&8 they are satisfied that they give a true and fair
view of the state of affairs of the Chartty of its In(￿4￿1ng resourc8s and appli(xlÈon of resour￿ that
pericxl.
In preparing the finanaai statemerts the Trustees are required to:
' seled suitaNe a(xounting rKAiries and then appty them cA)nsi%tenty.
. observe the melhiKls arml princtFdes in the CharitEs SORP.,
' make judgements and accounting estimates that are reasonable and pnjdent,.
. state whether applicable accounting standards have been f0jlob￿d. subject to any material departures
disclosed and explained in the ffinanual ststements: and
' prepare the financial statements ￿ the going ¢3)r￿M basis unless it is inappropriate to presume that the
Charity will continue in oFEration.
The Trustees are reSp￿sible for keeping adequate accwnling recY)rds that are sufficient to show and
explain the Charitys transact￿5 arKI dis(kn reasonable accurdcy at any time the financial posibon of
the Charity and to ena￿e them to ensure that the financaal statements u)mply th the Charities Act 2011,
the Chanty (Accounts and ReFX)rts) Regulation and the ￿￿0Vision of ￿ Trust Deed. They are also
responSi￿e for safeguarding the a￿lS of the Charity and hen￿ for taking reasonable steps for the
prevenlion and detethon of fraud aTKI (ther iwularitie&
ApprOv￿j by the Trustees on
2Lr &l 2024-
and signed on tEhatf of the Board
B P Gulbenkian
Trustee- Chairperson

DICKRAN AND sEfA OUZOUNIAN EDUCATIONAL TRUST
Independent examinerfs report to the trustees of Dickran and Seta Ouzounian
Educational Trust
I report on the accounts ofthe Trustftx the year ended 31 D￿rnber 2023. wh•￿ are set out on ￿9¢$ 5 to 11.
Rospective Trspontsibilitie5 of trustees avKI examiner
The chariws trustees are for ts pre[Arab￿ of the ￿￿nL$. The chari￿$ tr&8tees consider that ￿ audit
not required for thrs year urwjer ￿*¢Y) 144{2) of the Chwities Act 2011 fthe char￿e$ Acri arKI that an indePer￿ent
examinaticffl is needed.
It 15 my reswnslbltylo:
exarnine the uThlwsecl¥Jn 145 cltha char￿aS A¢
to folk￿ the Procedu￿ laNJ down ui getwal DireGIK￿s gNen tythe Ch￿lty CC￿L8S￿ (under ￿hOrt
1445Xbl of the Chartbès A(£ arKI
My èxamination was czrried ¢Jrt in accordance wrylh ggnwal Diroctson5 gIv￿ ty the Charity Commi8sk)n.
exarninalion includes a review of the acc(xJnting re(x)rds kept by the chaf5ty and a cy)mparison of thè aeeounts
presènted wrth those ie(x)rds. tt aLso include5 consideration of any unusual items or dtsc105ures in the accounts,
and seeking explanalKJns from the trustees (xjnceming any such Fnatter5. The pr(￿edureS undertaken do not
provide all the eviden¢e that woukj be required in an audit and o)nw4uèrity no opinion is gwen as to whethar tha
accounts present a 1Tue and fairf view and report 15 fimrted lo those matters set out in the statement bek)w.
In eonnsction with my examination, materoE have come to my attention Wh￿ gN8S mè tause to
bdieve that in any material res
thè a¢¢ounting records were ncrt kept in acc(xdw with sedion 130 ofthe Charities A¢L' or
the accounts did not a(xx)rtl Ydlh the a¢xounting reo)rds'. or
the accounts did not compty wilh the applicable requirements ￿nCernIng the forni and contenl of accounts
set out in the Charitses {Aeeounts and Reports} Reguklions 2CQ8 olher than any requirement that the
acojunts give a Injè and tsirf vivw vthich k8 not a nHttw c£ffjsidered as part of an iNje￿ndent
examination.
I have no concems arml have come across no olher matters in (x)nnection the examination to which attention
should be drawn in this report in order trj eftab￿ a prDper understsnding of the aGcounts to te reathed.
artsou
ian BA FCA
Hovnan & Co LimSted
Chartered A¢countants
106 Ashurst Road. Cockfoslw
B3met. Herts. EN4 9LG
Dat•:
lik112*

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Statement of Financial Activities for the year ended 31 December 2023
Unrestricted End¢)wment
Total
Funds
Funds
Funds
Period
Perlod
Period
15.072021-
15A172021-
1S.07.21-
31.122022
31.12.2022 31.122022
Funds
2023
Funds
2023
Funds
2023
Income and
endowments from:
Gift of expendable
endowment
Investrnent
Olher
3,017.619
3,017,619
52,957
206
69,283
69283
52.957
206
Totsl income
69288
53.163
3.017.619
3.070.782
Expenditure on:
Cost of raising funds
Charitable activrties
25,531
25,531
82.370
35,320
35,320
82,904
82.370
82,gM
Total expendlture
82,370
25,531
107.901
81904
35,320
118,224
Net
incomel(expenditure)
before investment
gainsl{losses)
111082),
12&531) (38.613)
(29,741)
2.982,299 2,952,558
Net gainl(losses) on
investments
Realised gainsl(loss)
on investments
Unrealised gains1{lo￿>
on investments
(22.305) (22,305)
(28,573)
(28,573)
92.524
92.524
(247.205)
(247,205)
Net
in￿MellOxp￿ndIture>
Transkn bebveen
funds
(13,082)
31.606
(29.741)
2,706,521
2,676,780
13.082
(13.082)
29.741
(29.7411
Net movement in
fund5
Balan1￿ brought f￿ward
at 31 Dec 2022
31,606
31.606
2,676,780
2,676.780
2,676,780 2,676.780
Balance caThied
forward at 31 Dec 2023 12
1708,386 2,708,386
2,676.780
Continuing operations
None ofthe Trusys thibes were acqur&l ortftsc4JnliThA durir*J the ¢)JTrent perh)J.
Total recognised gains and losses
The Trust has no re￿g￿ts￿l gains or ktsses othw than the kIS￿ frrthe ¢JMrent
The note5 on pages 7 to 11 fomi part of Ihese fina￿la1 staternents.

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Balance sheet as at 31 December 2023
31.122023
31.122022
Fixed assets
Investments
2,705,193
1660.493
2.705.193
1660,493
Current assets
Cash at bank
Debtors
38.807
33,898
39.005
33,898
Liabilities: Amounts falling due thin one year
35.812
17,611
Net Current assets
3.193
16.287
ToLIl assets less current liabilitles
1 2,708.386
2.676,780
Represen1￿ ty.
Endo￿nent funds
Unrestricted funds
12
12
2.708.386
1676,780
Totsl Funds
2.708.386
1676.780
Approved and authorIs￿ for issue bythe Tnjstees ￿ 214 2£)1* arKI signed on its behalf.
B P Gulbenkian
Trustee - Chairperson
The notes on pages 7 to 11 form part ofthese financaal statern￿.

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Notes to the financial statements for the year ended 31 December 2023
AccouKfiNG POUCIES
(a)
A¢counting convention
The finanual statements are prepared in aC£Ordan￿ with the Statement of Recommended Practi
-Accounting arKI ReFx)rtsng by Charities" weparing their accounts in aC￿rdan￿ with the Financial
Reporting StarKlard applscable in the UK and Republic of Ireland (FRS 102} issued on 16 July 2014
and Financkql ReFthing Standard appIl￿ble in the UntEed KIn￿10M arKI Republic of Ireland {FRS
1021 arKI Charitie5 Act 2011 as amended by the Charities Act 2022. Exemption has been taken from
preparing a cash fk)w statement ur)der 'Sedion 7 Slatement of Cash Flows, as permitted by FRS
102 on the gr(￿ndS that the Trust qualffies as a small entty.
The acujunts have been prepared uThder the historical cost convention.
(b)
Donations, legacies and similar incoming resources
CK)nalions, legacies aNI similar in(x)miNJ res￿r￿ are reo)Jnised On￿ the tharity has entitlement
to the income, Ihere is sufvent (wlainty of r￿lPt and so tt is probaue that the inrx)me wtll be
received, and Ihe monetary vaue of in(xMne can ie measured rebably.
{c) InVeStn￿ income
Income from investrnents is 11th￿l in the slatanent of financial activitses in the year in which it is
(d)
Cost of raising funds
The cost of generati￿J fLmds corBists of Investm￿ management and certain legal and professtonal
fees charged ￿ an a(x¥uals basis induding VAT.
(e)
Charitable activi
The expenditure on tharitable acbvtbes iTKludes grants made, govemance f>)Sts and supp(*t costs.
Induded within this category are CA)Sts asgxath Y￿th the indepeThYent examination, and costs of
o)mFtyiro with consbtttbonal and statutory requirements.
Grants
)plic£tions for grants are (u)nsidered by the Trustees. TFW are acc£sunted for on an accruals basis
ere the third paty has a reasonab￿ exFectstion that they will receive the grant. Priority given
by the Trustees to Undergr￿uate student&
{g) r￿ed asset Invest￿
Investments are induded at matket value at the balan￿ sheet date. Any gain or bss on revalualion
is taken to the Statement of Fnancial ACt￿￿"eS.
(h)
Funds
Unrestricted funds are t￿e general funds receNed and utilised in furlherance of the objects of fhe
charity. Funds where the capital is held to generate income for chanlable puryx)ses are ac(wntsd
for as en{lo￿￿en1functs (Tnjst Fund). The terrr￿ of the endOW￿nt alh)w Ihe capital

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Notes to the financial statements for the year ended 31 December 2023
of Ihe fund to be spenl on the furtheran￿ of the ¢thariWs pur[￿ rf the truslees so detemiine, the
fijnd is thetef(xe aoy)Junted for as an ey4Erthble end¢yMnenL
Taxation policy
The charity is a wistered chartty armj exempt from irKX)me, CC*F(Jration tax and capltal gains tax
where the income and gains are used for chaitable pUrF￿￿eS.
Invesknent in¢ome
Unrestri¢ted Endowment
Total Unresti7cW Endovnnent
Total
Fund
Fund
Funds
Fund
Fund
Funds
31.12.2023 31.12.2023 31.12.2023
31.122022 31.12.2022 31.12.2022
UK equities
UK fixed interest
securities
UK altematNes
Overseas equtties
Overseas fixed
interest securities
Interest on (ash
deposits
19.574
19.574
17.376
17,376
11.081
11.081
4.770
6,987
19.094
4,770
6.987
19,094
25.157
25.157
1.592
1.516
1,516
1.918
1.918
3,214
3.214
69.283
69.283
52.957
52.957
Cost of raising funds
Unrestricted Endowment
Total Unrestricted Endowment
Total
Fund
Fund
Funds
Fund
Fund
Funds
31.122023
31.122023 31.122023
31.122022
31.122022 31.112022
Investment
managemenl
costs
Financial
advisor fees
18.951
18.951
20.175
20.175
6.580
15,145
15,145
25,531
25,531
35,320
35,320
Grants
Unrestricted Endowment
Total Unrestricted Endowment
Total
Fund
Fund
Funds
Fund
Fund
Funds
31.112023
31.112023 31.122023
31.112022
31.122022 31.122022
Universty
scholarships
71,000
71.OCNJ
72,CKKI
72.000
71.lJ)O
71,000
72.000
72,OCIO

DICKRAN AND sEfA OUZOUNIAN EDUCATIONAL TRUST
Notes to the financial statements for the year ended 31 December 2023
Expenditure on charitable activilies
Unrestricted Endowment
Fund
Fund
Funds
31.112023 31.112023 31.112023
Total
Fund
Funds
31.122022 31.12.2022
Fund
31.112022
Granis (Note 4)
Admin and
accnuntancy
Bank charges
Independent
Examiner
Office expense
71,CX)O
71.(KXJ
72.0¢)0
8.250
2.160
464
2.160
82.370
82.370
82.904
r￿ed assets investmeTts
2023
2022
Market value at 1 January 2023
Additions
Disposals (at opening market value)
Net unrealised {lossygain
Net movement of cash held wilhin por￿1￿)
le￿0.493
755.034
(725,734)
92,524
(Tl,124)
3.122,547
(214.849)
(247,205)
Mathet value at 31 December 2023
1705.193 2,660A93
Historical cost at 31 December 2023
1725.318
1907,698
Investments at
market value
Total
2022
2023
UK Overseas
Equittes
Fixed interest
securities
AliematiV8S
Cash held vthin
investment portfd
571,619
278.839
1,XJ9,477
1CiI.480
1,881.096
379.319
723.006 1.179,3T7 1.902,383
159.769
48.480
208.249
385,814
385,814
413,773
58.964 136,088
413,773
136,088
Total
1295.236
1.409,957
2.705,193 1,432,636 1.227,857 1660,493

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Notes to the financial statements for the year ended 31 December 2023
Material investments
2023
2022
Treasury 718°A Green Gilt
Astrazeneca plc
Shell pl
Ishares Vll plc
Baillie Gtfford Jpn Trust
Man Fund Mgmt (UK)
JP Morgan Emerg Mkts Inv Tst
Alphabet Inc
Microsoft Corp
Rathbones Greenbank Bond
Treasury 1.75Q/¥ Gi
Treasury 3.5QA Bond
52,521
61.699
74,432
83,250
68,490
64,288
80.930
56,640
37.037
69.030
71.226
).147
51.4
85,957
59.914
71,110
Debtors
2023
2022
Prepayments and a￿￿jed
Creditors and Accruals
2023
2022
Accwals
35,812
17,611
35.812
17.611
The Truslees serve on a YO￿ntsry basis and I￿Ne no remuneration or beneffts. No trustee
expenses were incurred by ttE Chartty. The day-t￿daY runniThJ of the Twst is cnntracw to a seff-
employ￿ administrator wfio is paid. The Charity does not have any empknyees.
10.
Employees
2023
2022
The average monthty numter of employees durirvJ the year was:
There were no employees vthc6e annual remun￿atIOn was £EIJ.i)X) or more.
10

DICKRAN AND SEfA OUZOUNIAN EDUCATIONAL TRUST
Notes to the financial statements for the year ended 31 December 2023
11.
Fund Trdnsfers
During the period the trus1￿ exercised their rx)wer to convert £13.082 (2022: £29.741} from Ihe
expendable endowment fund lo in(x)me to be spent on the furtheran￿ of the purposes.
12.
Analysis of Charltable Funds
Balance
Share of
Net
Incomè
Balance
Grants
Gain
at
Paid Transfers (Losses) 31.12.23
1.1.2023
Funds
Expendable Endow[T￿ 2.676,780
(25.531)
{13,082) 70219 2.708.386
Unrestricte(i Fund
57.918
{71.CO))
13,082
Total Funds
2.676,780
31387
71,000
70 219 2,708,386
The expendable endwY*nt was established in 2021 by the bequest fr(xn the late Di(knn and Seta
Ouzounran crealirvJ the capital fund of the Didtran and Seta OUZ￿nEan EdLKational Trust The Tnkstees
have the Fowerto speThd the caiytsl of Ihe fuThJ C￿ the ￿rtherance 0ftr￿ d￿rity's PUryK)ses.
13.
Analysls of FurKls by Assets and Llabllllles
Unrestricted Restricted
Funds
Funds
2023
2023
Total
Funds
2023
Unrestricted Restricted
Funds
Funds
2022
2022
Total
Funds
2022
Assets
2.744.198 2.744.198
2,694,392 2.694,392
Liabilities
{35.812} (35.812)
1708,386 1708
(17.612) (17.612)
1676.780 2,676,780
11