2023-03-31-accounts

		Note	Accumulated Fund 2023	Trust Fund 2023	Total Funds 2023	Accumulated Fund 2022	Trust Fund 2022	Total Funds 2022
Income and endowments								6
from:
Investment income Other			44,451		44,451	44,709 50		44,709 50
Total income			44,451		44,451	44,759		44759
Expenditure on:
Cost ofraising funds Charitable activities		2 3,4	7,593 94,206		7,593 94,206	8,807 102,240		8,807 102,240
Total expenditure			101,799	-	101,799	111,047		111,047
Net
income/(expenditure)
for the year before
Gains/(losses)			(57,348)		(57,348)	(66,288)		(66,288)
Net gain/(losses) on
Investments
Realised gains/(losses)	on
investments Unrealised gains/(losses)				(22,942)	(22,942)		279	279
on investments		5		(127,335)	(127,335)		(1,697)	(1,697)
Net
income/(expenditure)			(57,348)	(150,277)	(207,625)	(66,288)	(1,418)	(67,706)
Transfers between Funds		6	5,078	(5,078)
Net movement in funds			(52,270)	(155,355)	(207,625)	(66,288)	(1,418)	(67,706)
Balance brought forward
at 1 April 2022			52,270	1,676,074	1,728,344	118,558	1,677,492	1,796,050
Balance carried forward
at 31 March 2023		10,11		1,520,719	1,520,719	52,270	1,676,074	1,728,344

			Notes	2023 8	2022f
Fixed assets
Investments				1,447,610	1,693,069
				1W/, 610	1,693„069
Current assets
Debtors Cash at bank				3,557 71,713	3,729 33,626
				75,270	37,355
Liabilities:	Amounts	falling due within one year	8	2,160	2,080
Net current	assets			73,110	35,275
Total assets	less current liabilities			1,520,719	1,728,344
Represented	by:
Trust Fund			10,11	1,520,719	1,676,074
Accumulated	Fund		10,11		52,270
				1,520,719	1,729,344

	Cost ofraising funds
	Accumulated Fund 2023	Trust Fund 2023	Total Funds 2023	Accumulated Fund 2022	Trust Total Fund Funds 2022 2022
Investment management costs k 7,593		6	8 7,593	6 8,807	6 6 8,807
	7,593		7,593	8,807	8,807
	Grants University scholarships			2023 6	2022f
	4 UK students; (2022:5students UK 8 1 Italy) Yerevan, Armenia (2023: 1 student; 2022: 1 students) Gyumri, Armenia (2023:222 students; 2022:260 students) Vanadzor, Armenia (2023:236students; 2022:257students)			20,000 5,800 30,000 15000	28,000 5,800 30,000 15000
	Other grants			70,800	78,800
	Hayastan All Armenian Fund Surp Pirgich Armenian Hospital, Istanbul Tarkmanchats School, Armenian Patriarchate ofJerusalem Armenian Musical Assembly, Yerevan			2,000 500	1,000 2,000 2,000 500
				2,500	5,500
	Total Grants			73,300	84,300
	Expenditure on charitable activities
	Accumulated	Trust	Total	Accumulated	Trust Total
	Fund	Fund	Funds	Fund	Fund Funds
	2023	2023	2023	2022	2022 2022
		6	6	6	k 8
Grants (Note 3) Admin and accountancy Bank charges 73,300 11,550 169			73,300 11,550 169	84,300 11,685 195	84,300 11,685 195
Operational fees, Armenia independent Examiner Legal Fees 3,000 2,180 1,512			3,000 2,180 1,512	3,000 2,080 162	3,000 2,080 162
Professional Insurance 1,940			1,940	601	601
Office	expense 555		555	217	217
	94,206		94,206	102,240	102,240

s to the financial state	ments f	or the year en	ded 31March	2023
Fixed assets investments	(Contd.)		2023	2022
Quoted investment			6	6
Market value at 1 April 2022 Additions Disposals at opening market value Net unrealised gain in the year			1,693,069 40,132 (158,256) (127,335)	1,736,183 162,720 (204,137) (1,697)
Market value at 31 March 2023			1,447,610	1,693,089
Historical cost at 31 March	2023		1,283,466	1,354,288
Investments at market value
				2023
		UK	Overseas	Total
		6	6	6
Bonds Funds Investment Funds Infrastructure Property Total		139,244 819,463 80,347 54,747 1,093,801	204,817 148,992 353,809	139,244 1,024,280 229,339 54,747 1,447,610
			2023
Material investments			6
T Bailey Fund Services			143,708
			2023	2022
Investment income			6
UKincome Overseas income UK Property Income			29,461 12,429 2,561	31,433 11,094 2,182
			44,451	44,709