| Restricted | Endosvment | Restricted | Endowment | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Total | Funds | Funds | Total | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| g | 8 | ||||||||
| Income: | |||||||||
| Investment income |
12,761 | 12,761 | 13,149 | 13,149 | |||||
| Rental income | 66,467 | 66,467 | 142,500 | 147,500 | |||||
| Other income | 91,309 | 91,309 | 300 | 300 | |||||
| Total income | 170537 | 170537 | 155949 | 155949 | |||||
| Expenditure on: |
|||||||||
| Raising funds | 3 | 54,642 | 54,642 | 2,575 | 2,575 | ||||
| Charitable activities |
4,5 | 181,355 | 181,355 | 232,260 | 232,260 | ||||
| Total expenditure | 235,997 | 235,997 | 234,835 | 234,835 | |||||
| Net incoming/(outgoing) | |||||||||
| resources for the year | |||||||||
| before investment | gains A | ||||||||
| losses | (65,460) | (65,460) | (78,886) | (78,886) | |||||
| Transfers between Funds | |||||||||
| Net gains and losses on | |||||||||
| investments | |||||||||
| Realised gain/(lass) investments |
on | (5,771) | (5,771) | 8.729 | 8,729 | ||||
| Unrealised gain!(loss) investments |
on | (57,813) | (57,813) | 68,117 | 68,117 | ||||
| Unrealised gain/(loss) |
on | ||||||||
| investment property |
200,000 | 200,000 | (100,000) | (100,000) | |||||
| Net Movement in |
Funds | (65,460) | 136,416 | 70,956 | (78,886) | (23,154) | (102,040) | ||
| Reconciliadon ofPundst |
|||||||||
| Total funds brought | fonvard | ||||||||
| at 29June 2021 | 134545 | 3 327450 | 3,461995 | 213431 | 3,350604 | 3564,035 | |||
| Total funds carried | |||||||||
| forward at 29June 2022 |
69 085 | 3463866 | 3,532951 | 134,545 | 3,327,450 | 3,461,995 |
| NOTES | 2022 | 2021 | |||
|---|---|---|---|---|---|
| 8 | 6 | ||||
| Fixed Assets | |||||
| Freehold Property | 7 | 3,100,000 | 2,900,000 | ||
| Investments | 8 | 421,761 | 512,458 | ||
| 3,521,761 | 3,412,458 | ||||
| Current Assets | |||||
| Cash at bank | 6,300 | 88,056 | |||
| Debtors | 9 | 10,960 | 2,950 | ||
| 17,260 | 91,006 | ||||
| Liabilities: amounts | falling due within one year | 10 | 6,070 | 41,469 | |
| Net Current Assets | 11,190 | 49,537 | |||
| Total Assets | less Current Liabilities | 3632.96|3,461,995 | |||
| Represented | by:- | ||||
| Endowment | Funds | 11,12 | 3,463,866 | 3,327,450 | |
| Restricted Funds | 11,12 | 69,085 | 134,545 | ||
| 3.532,931 | 3.464.995 |
| 5. | Grants | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 5.1 | Scholarship | Fund | ||||||||
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Scholarships to students |
attending | 106,500 | 163,330 | |||||||
| university in England |
||||||||||
| 5.2 | London Armenian | Cultural | Fund | |||||||
| 2022 | 2021 | |||||||||
| 5 | E | |||||||||
| Armenian House |
10,000 | 10,000 | ||||||||
| Armenian Language |
Saturday | Studies | 10,000 | 11,500 | ||||||
| KTahta | Sunday School | 10,000 | 10,000 | |||||||
| GAIA Playgroup | 1,000 | 1,000 | ||||||||
| Klingen | Choir concert | 200 | ||||||||
| 31,200 | 32,500 | |||||||||
| 5.3 | Other Funds | |||||||||
| 2022 | 2021 | |||||||||
| 5 | 5 | |||||||||
| Middlesex Hospital |
in | London | (UCH | Charities) | 4,000 | 7,000 | ||||
| Armenian Hospital |
in | Istanbul | (Surp | Pirgic) | 4,000 | 7,000 | ||||
| Armenian School |
in Paris | (Tebrotzaserre) | 4,000 | 7,000 | ||||||
| 12,000 | 21,000 | |||||||||
| 5.4 | Beneficiaries' | Fund | - Charitable | Organisations | ||||||
| 2022 | 2921 | |||||||||
| E | E | |||||||||
| Cancer | Research | Campaign | 100 | 100 | ||||||
| Horder | Centre for | Arthritis | 100 | 100 | ||||||
| Royal Hospital for | Neuro-disability | 100 | 100 | |||||||
| Salvation Army |
100 | 100 | ||||||||
| 400 | 400 |
| 7. Tangible f |
ixed assets | ixed assets | |||
|---|---|---|---|---|---|
| Freehold land and | buildings -investment | properties | |||
| 3P New Street, London EC2 | 2022 | 2021 6 |
|||
| Probate value | 312,000 | 312,000 | |||
| Gain on revaluation | at 30June | 2008 | 1,788,000 | 1,788,000 | |
| Fair value gain on Fair value gain on |
revaluation revaluation |
at 29June at 29June |
2016 2017 |
600,000 300,000 |
600,000 300,000 |
| Fair value loss on | revaluation at29June |
2021 | (100.000) | (100,000) | |
| Fair value gain on | revaluation | at 29June | 2022 | 200,000 | |
| Fair Value at29June 2022 | 3,100,000 | 2,900,000 |
| The property was valued at | 83,100,000 by an independent | Chartered Surveyor on an |
|
| open market value basis on 16June 2022 as part ofa Charities Act Valuation in preparation for its sale. |
Report | ||
| 8. Investments |
|||
| 2022 | 2021 | ||
| Quoted Investments | 6 | ||
| Market Value 29June 2021 | 512,458 | 515,412 | |
| Additions | 50,743 | 128,029 | |
| Disposals at opening market value |
(83,627) | (199,100) | |
| Net unrealised Gainl(Loss) |
in the year | (57,813) | 68,117 |
| Market Value 29June 2022 | 421,761 | 512,458 | |
| Historical cost at29June | 2022 | 360,772 | 384,550 |
| Quoted Investments | |||
| UK income received | 8,504 | 9,008 | |
| Overseas Income received |
3,376 | 3,556 | |
| UK Property Income distributions |
881 | 585 | |
| Investment Income |
12,761 | 13,149 |
| O tlt UNN moN |
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| FOR THE YEA | R ENDED | 29JUNE 20 | 22 | ||||
|---|---|---|---|---|---|---|---|
| 9. Debtors |
|||||||
| 2022 | 2021 | ||||||
| E | f | ||||||
| Prepayments and accrued income |
10,960 | 2,950 | |||||
| 10.860 | 2.960 | ||||||
| 10. Amounts |
falling due within one year | ||||||
| 2022 | 2021 | ||||||
| E | |||||||
| Rent received in |
advance | 35,625 | |||||
| Legal fees | 3,126 | ||||||
| Professional fees | 544 | 611 | |||||
| Independent Examiner fees |
2,400 | 2,160 | |||||
| Admin and aocountancy fees | 3,073 | ||||||
| 6,070 | 41,469 | ||||||
| 11. Analysis |
ofCharitable Funds |
||||||
| Balance | Share of | ||||||
| st | Net | Grants | Gainsl | Balance at | |||
| Funds | 30.06.21 f |
Income 6 |
Paid | Transfers 8 |
Losses 8 |
29.06.22 6 |
|
| Permanent Endowments |
|||||||
| Scholarship Fund Middlesex Hospital Armenian Hospital |
Fund Istanbul |
1,996,470 166,372 |
81,849 6,821 |
2,078,319 173,193 |
|||
| Fund L'Ecole Tbrotzasserre Paris |
188,372 | 6,821 | 173,193 | ||||
| Fund | 166,372 | 6,821 | 173,193 | ||||
| Ex endable Endowment |
|||||||
| London Armenian | Cultural | ||||||
| Fund | 831,864 | 34,104 | 865,968 | ||||
| TotalEndowment | Funds | 3,327450 | 136,416 | 3,463,868 | |||
| Restricted Income: | |||||||
| Scholarship Income Fund |
82,392 | 50,544 | (106,500) | 26,436 | |||
| London Armenian | Cultural | ||||||
| Income Fund | 10,447 | 21,060 | (31,200) | 307 | |||
| Middlesex Hospital |
Income | ||||||
| Fund | 13,902 | 4,212 | (4,000) | 14,114 | |||
| Armenian Hospital |
Istanbul | ||||||
| income Fund L'Ecole Tbrolzasserre |
13,902 | 4,212 | (4,000) | 14,114 | |||
| Paris income Fund | 13,902 | 4,212 | 4,000 | 14114 | |||
| Total Restricted Funds | 134,545 | 84,240 | 149,700 | 69,085 | |||
| Total Funds | 3,461,995 | 84,240 | 149700 | 136.416 | 3,532,951 |