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|||Note|Accumulated<br>Fund<br>2023|Trust<br>Fund<br>2023|Total<br>Funds<br>2023|Accumulated<br>Fund<br>2022|Trust<br>Fund<br>2022|Total<br>Funds<br>2022|
|---|---|---|---|---|---|---|---|---|
|Income and endowments||||||||6|
|from:|||||||||
|Investment<br>income<br>Other|||44,451||44,451|44,709<br>50||44,709<br>50|
|Total income|||44,451||44,451|44,759||44759|
|Expenditure<br>on:|||||||||
|Cost ofraising funds<br>Charitable<br>activities||2<br>3,4|7,593<br>94,206||7,593<br>94,206|8,807<br>102,240||8,807<br>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)<br>on|||||||||
|Investments|||||||||
|Realised gains/(losses)|on||||||||
|investments<br>Unrealised<br>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<br>between<br>Funds||6|5,078|(5,078)|||||
|Net movement<br>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<br>8|2022f|
|---|---|---|---|---|---|
|Fixed assets||||||
|Investments||||1,447,610|1,693,069|
|||||1W/, 610|1,693„069|
|Current assets||||||
|Debtors<br>Cash at bank||||3,557<br>71,713|3,729<br>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|





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





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



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