MIHRAN & AZNIV ESSEFIAN CHARITABLE TRUST Financial Statements For The Year Ended 31 March 2025 MIHRAN & AZNIV ESSEFIAN CHARrrABLE TRUST Officers and Advisers Tntst D￿j Charity Registrnlion No: 27￿74 & Wdes. Mdn Offl¢o: Mhran 8rvJ Esgdlan ChwllaLle Trust PO Box 74S3 W1A 3XF TN8tse•: R A Vart￿*ban (chairp￿￿) Mg V Gult*nki8n DrA N Sdlan Malbn S L Slnv)ns Admlnlslrnlor: Inv88lmwt M￿••r. JM Finn & Co 25 Copthall Avèn LoTrJc EC2R 7AH Ba￿kOrn: Nat￿n￿l Westr)irtstsr Bank 1 Prince's Strn6t Londcn EC2R 8BP Ind•pernlonl Ex•nlner. Htyrfjn Ham￿rts￿MIan BA. FGA Htr4nan & Co knmrted Ch*terwJ Puourtart8 106 A8hurst R￿d Herts EN4 Contents: T￿￿. Arn￿1 Rewxt Stat￿ent d FknarLial Pth4ttlBS Sheet MIHRAN & AZNIV ESSEFIAN CHARITABLE TRUST Trustees, Annual Report for the year ended 31 March 2025 Trustees twnt Ihe6r w￿Ual r4K)rt tcothr wfjth the rna￿￿91 slatewts year end8d 31 March 202& The Tnjstees LX)nfimi that Ihe anrn￿ rwi and finarKial statwnents of the Charity comFty ￿1th the ststrrtory rEvure￿￿rts, the Nuirwn8nLs of the tharTty's goveming document and the prOVts#?￿ crf Ststement of RayYrffl9ThY￿ Pr&lice ISORPI, appI￿able to chaniias preparirnj th8ir &counts in puordance %￿lh the Fina￿￿ Reyting StarYJard apF4ica)le in UK aTrJ of Irdand (FRS 1￿2) 1 JaThJary 2019. Obhclfv d)jwX ol thè Tr￿t is to one or ffl￿8 ¢Y Ob￿ for ￿ b8nefft of M￿bern Lrf Ami￿￿9n $haM h4irvJ wer81ty. In furt￿r￿ cl the Tntsts ot1￿￿ lh8 Tnthes (Ifer 8d￿ar8￿Mp grants to unfver5ity sbjdents of Arn￿nian orign arKI grants to org8ni8aticns I￿tilL￿(m to r*rynote ￿￿tk)nal, ￿ltural and d￿rItable a¢tsvitks fortre tenefrt of th& Am)8nian Cc•ntThJnty Ihrowhxrt the wodd. Publlc B¢nefft TrLStees have referred to lh& glidance oNrtain8J in the cha￿ CommLs5icn's genw81 guKlance on pu￿* benefit thn wlewvva Tr￿￿3 ¥im5 0￿.￿6$ in F4aming fu￿re actNities. The grants made d￿ftg year ha¥p bonefit&J the pubk in the fvrthr cl AmK8dan students studylng in ltr￿ UK aTrJ A￿r￿rI8 WKI kn 8upp(xUng CL*ural, ￿1￿Ik)ro1 tharttabla actbAb'e8 in the Armnian cc¥nmunty. Achl•wm•nts In y•ar Vncludlng Ilnancld rwlvw) Durirvj the year the Trttstees have granted £3),O(Q (2024: £30.OCQI to 204 {2023.. 1%) stud￿t& studyirvJ at Valic￿ tig￿ ￿11￿•1￿1 estatlislThnts in G￿￿ri, rar¥Jing frun ar0￿d £3S to £220 per 6tudent.' £15,¢JXJI2￿24'. £15.0Tr)110 22012023: Z26) studerts in Vanathr ranging frryn around £40 10 £210 student,. aThl £5,8LKI to 1 St￿onI in Y6r8van It￿ STh &s in 2024). No now 8cholarshlp grants were 8ward&Y to Armrman gbJd&nis in UK(2￿24.. £12.CQO to 2 stLKlentsl DurfrvJ Ihelr ll1611rne, EsSdI￿ brcthern re￿lar donatio￿$ to tr* SL T8thmand)ats SchxA In Jentsalem the Surp Fk6Pital li Istst*JLA. Therefo￿ it ts fiittng lo contirth contrfbutirg lo these ir¢*tubcrt for as long as it is fmrtoly viable b do 80. A (*)n*h)n d £i,orJ) was madg 10 the AnMThan wl*h has no othw dcnors. Slnce the teglrnSng d 2014, th8 TnEts Lxn915ts d dMdwKls aThJ captal gro*th of the Invesknent portfolio. w#h Mknx¢))ntrfbJl*￿ frtffi itemt cm barth {*[￿rts. Chaiity gfftmed by a Tntst Ceed in a settlernenl thlared ty the lats brothers. Hagcp Mlhran EsSer￿n and Yervant Mihfan Essefon on 21st D￿eMt￿r1977. Tr￿St k8 an unincorporated ass(￿at1(￿ alministered by four TnJSt￿S one athiifistrdtor as on cffter8 ￿￿1 &lvisor page. AJI the Trustees swve on a vclwtsry urpad b￿LS aThJ recave no exFertses. No staff are urrentty ty the Tr￿ bjt ts self-wnpty&J Athiir¥strakn 15 pad. MIHRAN & AZNIV ESSEHAN CHARrrABLE TRUST Trustees. Annual Report for the year ended 31 March 2025 Investment Pollcy Twstees have Fthvers to invest the Charty as thay think fft. Tho curnnt portfolio is primarty irNested in npior eqiitJ&8 ￿7th an even bala￿e betswi uKrf￿s￿ and glob seLuttbes and an eltrucal el￿￿nt TrAlwe F￿lI￿e. The S￿J17119s are ycrfessionaty maw by JM Finn a co. In terrrfs of Chaiity Law, th8 Furyj is an exFerthble The tn￿1￿ t￿re1C￿e have a dity to reser48s G￿nerat￿l tha Tr￿1 Fund *hrythin a re&Sonab￿ of Trust c￿￿8￿ St￿￿Y of th& Or￿n￿ c¥tsl aThJ ga￿A{￿Ses. Investmert incLime18 h8id Sn the Nuum￿ated FuThJ. Th8 tr￿lee$ to kw sFenthng in Ine wlh inccme, althwgh a Tr￿t dttlaTrtw for up to 5% of the the investsm￿ts to be us8d to meet the Charitys obl￿tiveS In ary ore year. FUrthe￿nc￿e, the Tntste88 h8ve FOW kn 8P8nd tho capl81 of the fund on Cha￿atrIe rf they w d8t8rrrin8. Rlsk Rovlv Th8 Tntslees hwe identsfi￿1 ass8ssed the m4or ii5ks lo knh tt* L8 expcsed. li part￿ular tFThe relatsd to the ffinar￿s the Clwty. are SatL$f￿ that thg Charity's èXF*)sure lo these risks is at an level. Financial markets remaThi¢d vdabl8 during p•lc4J. Djrfng the year. 8 lo￿ rf c£15k r081I$ed when selling secwityo$ ecthpared wilh a Ic6s of £22k in 2024. After taklThJ Into acccunt al wrrhases and d$pwls. tho v81ue of the asset rxjtfolio went c£1&* Ihe Jpar 0￿par￿ wlth an ir￿TraSe in value cl c£4S( dLrlng Its prior y&r. Net M¢Nemert In Fur#Js was nK)re n8JaUve durfNJ thLs year {dovm £70k) than durirvJ the prtor year Icknwn £27k). Ths uK)85 &Jairtsl the Trustees, cu￿￿nt stra￿￿ arn. even tIN)ugh grant C4ymmitm8nts durir¥J the been cJJt back. Thls strdlegy Can1￿ thrO￿h to the r*xt fknancial year a$C￿g with a cut in running xthbvJ are 8Lfflk19Tht to shtjv and eX￿aIn the ChaTity'8 trdrK8•Xms ar¥J disckne r88sonailè 81 any Ime the financial pcsitK)n of thg Chanty aThJ enth thwn to trot finrtial st*ements LXMFAY with th8 ChanJ8s Act 2011. th8 CKgrity lkntynts Rwrtsl Rwdulakn aTrJ Ihe prni5ion of the trust deed. TW are aL80 reSpOrBI￿ fc* $af8guardng the assets cl the ckna￿ and for t*ing ragsonab sttys f¢x the prevenuon aTrJ ¢*t￿lIc0 offwd and (rther wwulaiiiies. ApprcN&I ty th8 Tn￿ on 202 ,// and Shjn￿ on t*haM Boad Ms R A Vartoukian MIHRAN & AZNN ESSEFIAN CHARrrABLE TRUST Independent examlnefs report to the trustees of Mihrdn & Azniv Essefian Charitable Trust I report on tho aCC(￿lS ofth8 Trust for tho 31 Man* 2025 are sot ¢yJl on pages 5 10 11. Ruixctiv• rmporniblltiw oflMl••• •nd •xamlnv Th8 tharty's arn rnSFoisble for pWra1￿ of the ￿tA￿t& loJsts85 that an oudit k8 not required for Ihs Jwr uThJ8r sedij) 144PI ￿ th& Ad 2011 fft th8rf1kns th81 an It IB my rgW8t)fjlyto: examin the accounis uThJor settijn 145 ofihe A¢ 10kn4 PlDc•Uures laKJ theger￿al t1recau￿ by Ihe lunder 145(SXbl of th& Ch8r*w ¥tsle ￿ther porti￿￿1 mattern hm my ¥￿1th. Ba¥1• ollnd•p•n(l•nt•x•mln¢f* rnp My ex8mln8lbn was carri6d oth In aC￿rda￿% g?￿ra1 by the Charity Conmi$5k)n. An ex8Mw￿t￿n lidudes a ￿¥*WaI fv aco)unting T8¢￿1d8 kept by the thèrity and e compgrwn of the account8 prgs6nt•d thosè rKor&. tt akn inC￿deS c(￿81deration of any unusual item$ or di￿￿$ur0$ Sn tha acccAJnts. s8eklng ￿p1a￿tionS the tnjstsos cxjncemkng any su4* matters. Thè prc￿edureS un(19rt8kgn (Jo not Pfovid8 all the 9￿18n(9 th* b• r8quir•J in an audit. artl C￿88QUan0Y no wink)n 1$ given as lo th#lhor tho aCt￿nts prvsmt a 'true WKI fairf wew artl thts r•wrt is Imlted to th088 m8tt¢r8 8el out In th& $tal￿ent b•bw. Ind•p•nd•nt•Mmln•f• In rA)nn8Ctlon wlth my examination. no matetsl m8ttern ts) my 8tt8ntkm 9￿0$ mo cou89 to bellevo that h 8ny mat8rl81 rosp￿t.. the oCC%)untng rgtX*rds ncl btspt in accfjr08n￿ sectrJn 130 of th& (>barbt*$ Act; or Ihe accthnts dkj not a¢csyd ￿th fv aco)LmtiTrJ r￿ords. or the did nol o>ryty th8 applKable rwuir•m#nts conc6miig the fDrn 8fKI ￿nI￿1 of acwJnts 8el out li Char5tiès IAc¥))unt8 afKI Rgportsl RwJUlat￿nS 2CK6 other than any roqulroment thal ￿UnIS give a IN• lairf vi8w whK* va rb)t B m8ttar o)ngid•rod as part of an IndeFe￿Ient Oyamt)at￿. I have no CL)n(*m8 and hav8 cTrMe Tr) other mattèrs li coirn¢lk)n Ihe to V+hich 8ttent*Jn shoulj be drknn kn thi8 ry¥rt in thor ¢0 f￿)18 a prow of the accounts to be H H4mpJrt•ournl•n 8A. FCA Ho¥•Mn & Co Llmltod Chart•rod *£countants 106 Ashurst Rood, Cocklo#ts Barn•i Hert•. EN4 9LG D•t•: MIHRAN & AZNIV ESSEFIAN CHARrrABLE TRUST Statsment of Flnanclal Actlvillos for the year ended 31 March 2025 Tru•t Fund 2024 Fund 2025 Fund 2025 Fundg 2025 Fund Funds 2024 from: Inv&%tm&rt Ir￿ffr Olh 43,597 43,597 42,756 42.758 Totsl Incom• 43,597 EXpondI￿re on: C05t of raising funds Charitatde adivilies 7,137 7.137 74,924 74.924 84,865 Total •xp•ndltur• 74.¥24 7,137 82,(E1 91,932 N•t Incamgllaxpgndllur•l for tho yoar boftK• GaIn8lOo￿•S) (31.3271 17.137) 1¥464) 14110n 17,0671 149,1741 Nal gainl{losses) on Investsn•nts Reaised gai￿1￿*s63} c invoslments Unredi$¢d gdrnl(Ic6sesl on Inv851ments (15,4311 115,431} 122.098) 122,0981 116,282> 116,282} 44,720 44,720 Ngt Incomollexp•Thlltur8) 131,32n (¥8501 (7Q17n (4Z10n 15,555 <2I552} Tra￿leY$ betrNe8n FwdB 31,327 {31.3271 42.107 (42,1071 N•t moNYm•nt In fvnd4 {70.177) 170.1TI) 12&552) (26.5521 Balance brought fo￿ard 811 April 2024 1.494.167 1,494,167 1,520,719 1,520,719 B•lanee carrted forward at 31 March 2025 10.11 1,44990 1N23,AI 1,494,167 1494.167 Contlnulng opgrallons None clthe Tru5fs &livitles w￿8 a)jU￿J or di5c(Yknnwl duiirrfj Ihe cunBnt yew. Totsl r8¢(*Jnlsed galns aKI losseb The Tr￿t has no rwts8d ga'ro or hwes ththan the for the arxl F￿￿)Us yw. nrt88 cfi pages 7 to 11 forn part d these statanert& MIHRAN & AZNIV ESSEFIAN CHARITABLE TRUST Balance shoot as at 31 March 2025 2025 2024 Flxod a88•ts Inv6Strn￿ts 1,3&3.304 1,492,825 1B81304 1A91825 CurT•nt •x••ts Debtors Cash at bank 1,497 41,409 1,601 4.857 4Z9J6 6,458 LiaLilitl8s'. Arn￿jnts f81ro T*4llhkn one year 223J 5,117 40,686 1,341 Tolal 8•••tg lots Curr￿1 Ilabllltl 1h21990 1,4¥167 Repr888nted ty.. TN8t FurKI 10, 11 1,423, 1.491,167 Aecumulat•d Fund 10, 11 1A23,990 Ih94,167 aull¥xi*J fcK tssue Tntsie8s ￿ lo J¢&*K 20 2 6 and signed on its bah8W. Ms R Avartouklan TNstg9. chaIr￿r80￿ nots8 cfi pages 7 to 11 ft>￿ part of the8e fin￿181 statel￿nts. MIHRAN & AZNN ESSEFIAN CHARrrABLE TRUST Notes to the flnanclal statements for the year endèd 31 March 2025 ACCOUNTING POUCES (a) Ac¢ountlng conv•ndon The firrar￿131 statements are ￿epOr￿j in WTth kne S￿t￿ent LY R￿c￿rne￿ded Pr￿ice 'A(xx)unling Reprxting ￿rth$" pryriTrJ their ￿)unts in ￿OrdanCe wth the Fi￿ar￿la1 ReF*Yting ￿dard applubse m the UK and of lrnland IFRS 102) is8￿1 on 16 Juty 2014 a￿5 FinarKa4 RetKJ*ng Stsndwd ap[Alca￿e In th& Un*taJ aThY 'ReWtI￿ d Irdand IFRS 1021 and Clkiriti8s Act 2011 as am6Th1￿ by the Chanties Act 2022. Exanpith h88 taken ftrxn prepamg a cash Ilc*w stathent ur￿er'SectiOn 7 Slalemènt of Cash Flo￿. &s pemiitted by FRS 102 cn Ihe gr￿ThjS Ihat the TTUSt qualffies as a sm81 entity. (b) legaths and gknllar Incu* rw>wc entSUerront to the irwne. there is sufficiert wtanty of ￿pt and go rt is probable that the irKKme bMII be I￿&￿, arKI the rrK)l￿Eary vaue of be m&asured rell&)ly. {¢) Inv••tm*rt In¢ome Irwne frcffl irNestr*rrts in &thlbes In the year In vthith It 15 rKwvabb. (d) Cost of rn18lng fvndo The cc&8t d weratyo furMl8 cl irN881mnt manag8merrt arKI c8rtdn feas on an bas￿ irdthjlng VAT Cha￿￿b￿ xtlvltle Th8 VAP8fKlture C￿ c*ant*Jl8 *Niti8s grants male, gwemance ￿$ts and SUFPQrt costs. Incbjded ths cat￿Ory arg cc6ts &scKiatèd v￿th th8 and (￿t6 d c£*nr4ying wlth constituti(￿al and sLibJtory wuiranenl Grdnts ArOications for grarts in Vanadzor and GY￿￿rt are ¢0rngider8J by tsvo lttal a(knirMslrators workiro C￿ crf the Tr￿steeS. Trw we ￿AInted for an acuuals t8sis ￿ere the third party has a rea$(ma￿e expectstKJn that thty wt. Where lunds alk)w, apF1Katic￿ts for grants in tl* UK will t¢ LX)rtsider&J by th8 Trustees frryn urmversty st￿￿tS of Armenian orwJn, as v*ll 85 AMi￿lan e￿ati￿a, culiural arKJ styial org￿lSat￿n$. Pri￿15 given by the TA￿tee$ to undergra￿ate Ig) Flxed assets IrNestrnerrt5 a￿ I￿aU(￿ at v81ue at the bala￿8 shed dae. Ary gain or loss on aluat￿n is Lknn to Ihe St¥￿e￿ rf F￿￿￿la1 Adivltw. (h) Funds Unrestrict8d are tlThe gwdl fvrKIs 8nol utilkwl li furthfjra￿ cA)i* of tharity. FuNls wtsre the captsl is W to irxx*ne for Charitab￿ purtKises are a(￿￿nI￿ for as exFendatle enthmnent ftmds (Trust F￿d). The tenr6 of the endowment allow the ¢apial cl ts furbj lo be if the truskn so detern1￿, MIHRAN & AZNN ESSEFIAN CHARrrABLE TRUST Notes to the flnanclal stalements for the year ended 31 March 2025 Taxa*lon poficy cha17ty is a r*erEd tharity aTbJ 15 frrm irKrKne, r1jp0ratK￿ tax capitd gains tsx ￿re the inctthe and gans are fDr eharftabb purkxtses. Cost of rnlslng funds TNst Total AccUM￿al•d Fund Funds Fund 2025 2025 2024 Trust Totsl Fund Funds 2024 2024 Fund 2025 7.137 7,137 7.067 7.137 7.137 7.(67 7,C￿7 Man*w￿rt ccBts Telatlrg to Ihe efxJ(pfftrrt l￿d ar0 to th• Trust FuThl rather than tho A￿umL￿at&￿ Fur>J frun th1¥ ygarcThard5. 2025 2024 unI￿rnIty 8¢holw8hlp8 UK sludents12025'. nl: 2024: 2 students) Yerevary Armenia (2025.. 1 $tudenL 2024. 1 stLKlentl Gyumri, Amw4a12025: 204 stud￿ls. 2024.. 1 * studonts) Van&#zor, Amian412024: 220 sttthnts.. 2024: 226 st￿) 12,000 5.800 30,000 5,800 30.(£Q 50, 61800 Othw grnnts Hayastan AJI Armenian FUTr Surp Pir¥ch Arnenl8n lstwthl T8￿man¢hats Schwl, Affteru￿ PattiarclAte of Arnwnl￿ Mu*81 A3wnbly. Yerèvan 2.000 5,000 3.OCrf) Tclal Grants 55,800 65,800 Trust T¢)tsl Ac(%mulatod Fund Funds Fund 2025 2025 2024 Tru81 Total Fund Funds 2024 2024 Fund 202S Grats (Not• 3) A￿rr￿n and *countancy Bank C￿rg8s i)perational fees, Arnenia IrKleperthnt Exami Professicfial Insurar &5.81XI 11.550 174 3,OCN) 2,220 1.571 65,800 11,550 174 3,0 2.220 1,571 550 11,550 176 11.550 176 3,0 2.220 2.23) 590 74.924 74.924 84,865 84,865 MIHRAN & AZNN ESSEFIAN CHARrrABLE TRUST Notos to the financial statements for the year ended 31 March 2025 Flxed assets Inves1n￿ {C￿ttL￿ 2025 2024 Quoted Invegtmenl Mthet Val￿ at 1 Apiil 2024 A(*lilK)ns Dlspwls at openlThJ mathel valL Net Unraalis￿ gain in the ye 1.491825 . 1,447.610 202.037 305.230 1295.2761 13(W,7351 {16,2821 44.720 Markot Val￿ at 31 Ma￿h 2025 1,381304 1,492,825 Hlstorf¢al ¢o•t at 31 M*¢h 2025 1.191909 1,325,204 InvHtrn•nts at mark•t valu• UK Ovarseas 2025 2025 Totsl 2025 UK lknrwa 2024 2024 2024 UK Glts Bond Funds Invéstrnent Funds Infrastnxbjre Prcpthty 121,870 1￿.317 421,493 29.478 21.( 121.870 106.317 638,867 1.Cel). 44,219 73.697 21.1￿0 155.360 139.184 488.710 28.879 33.ClJ2 155,3f 139,184 607,225 1.075.935 60,375 89,254 33,092 700218 683.086 1.383.3C4 825.225 667,6CQ 1,492,825 2025 2024 Mat•rl•l Inv•skn•nts Man UK ICVC GLG Und8Tha1U￿ h388ts Prof D Inc Tempb Bar Investrnent Tr￿1 Fwdsmlth Eq￿ FurKt Eqi#ty I Nav IFSL Evenlc(le Inv Fun(is ICVC IrKtme C IT ss￿ SPDR EfFS l Flc SPDR W 41X) US vanWa￿ Furwts Flc FfsE Wortl EfF Nav 133.610 126,205 123.068 120,455 111.947 103.O¢XJ 153.314 126,744 131,649 146.975 1LKJ.485 2025 2024 In￿wIM•￿ Incom• UK inccffne I￿81$eaS im UK ProFety Incr￿8 30.420 11.720 1.457 32.602 9.5CI 647 43,597 42,758 MIHRAN & AZNIV ESSEHAN CHARThABLE TRUST Notes to the flnanclal statements for t￿ year ended 31 March 2025 Funds Transferd Havlng ¢orélder&l the Tfirt the T￿￿ eXe￿$•d their poww to c￿lY&rt £31,32712024.' £42.1071 frcffl t￿ FuTrJ to the ￿JM￿8tsd Fund to bo spont on fvrtb8r8￿ of th8 chariws 2025 2024 1.497 1,601 Llabllltl•8 2025 2024 Amwnts lalllng wlthln on• year. 2.220 5,117 2025 2024 rnu#tty rAIn￿r thring ts yearwas.. 10. Analysls of CharlWl• Funds B•lanc• Sham ol Balanco Grants Pald Tm•forn Galnsl Losso• 01.0&24 Inc¢m• 31.03.25 Fund• a) Expendable En&Jwment b) Unrestrtted Furnl 1,494,167 (7.1371 {31,327) {31,713) 1,423,990 24.473 (55.8(M)) 31.327 TOTAL 1,494.167 17.336 155.800) (31.713) 1.423.990 a) The expernlable endo￿T￿ fuThJ was es1ai41sh￿ ty the Lyesl rfthe lale Essefian famlly to form Tnjst Fur¥J. tem% ol the WWkn￿nent Ihe caFrflal fvNI to te spent IF the t￿Lstee5 so del￿nine. bl Th8 urr8stsKtsJ funth ar8 ￿8118￿9 to b& for any dthe ch8rfty. 10 MIHRAN & AZNIV ESSEFIAN CHARtrABLE TRUST Notes to the financlal statoments for the year ended 31 March 2025 11. Anatysls of lunth by assets liabililios Ae¢xrni#•d Tnist Tctsl AcC￿￿ulatad Twst Fund Fund Funds Fund Fund 2025 2025 2024 2024 Totsl Furnls 2024 1.426,210 1.4￿,210 (2.2x1) {2,220) 1.493,284 1,493,284 {5.117} {5,117) . 1,4&￿ 1A23,990 1Ng4167 1,494,167 TnJstees seN6 ￿ a ￿lUntary tOSi5 ￿ r￿￿ve c* eygr6es. Iwst88 exptt￿8s were irojrred by th& chanty. The day4¢>day running Tnjst Is c¢￿tracted to npluyed •thNrdstrator th) was £11.59) {2024.. £11,550). The charrty does nci have ary Thè Tr￿te85 (￿￿18r Tr Berlian TnA {rwJ. ￿. 277253) as a c(>me¢bJ Chaiity in Ihat shares the same T￿￿, seff4mpluyed ath7inistrator and M•n Crffi¢e. During the year, I￿re w88 one Irdns*b)n bomwn th8 COnn￿ted Chadlles.. a reknbtxsamort r8ldrKJ lo a shAr8d payFT*nt, lo save on intemal￿r￿l ba￿ trorsfar f908 4then donating lo the 8ame Am1•ni￿ In Istanbd. The Mihran & Azrttv Essefian Charitable Trust shar8 of the donatth was £2,C*XI. 11