2023-06-29-accounts - The Benlian Trust

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		Restricted	Endowment		Restricted	Endowment
	Notes	Funds 2023	Funds 2023	Total 2023	Funds 2022	Funds 2022	Total 2022
income:
Legacy income investment income Rental income Other income Total income		29,930 13,219 43 149	1,000,000 1000000	1,000,000 29,930 13219 1 043 149	12,761 66,467 91309 170537		12,761 66,467 91,309 170,537
Expenditure on:
Raising funds Charitable activities Total expenditure	3 4,5	46,608 45 312 91920		46,608 45 312 91920	54,642 181355 235 997		54,642 181 355 235 997
Net incoming/(expenditure)
before investment gains dr
losses		(48,771)	1,000,000	951,229	(65,460)		(65,460)
Net gains and losses on
investments
Realised gain/(loss) on
investment property Unrealised gain/(loss) on			694,116	694,116
investment property Realised gain/(loss) on						200,000	200,000
investments Unrealised gain/(loss) on			767	767		(5,771)	(5,771)
investments			25 567	25 567		57 813	57 813
Net income/(expenditure)		(48,771)	1,720,450	1,671,679	(65,460)	136,416	70,956
Transfers between Funds		21,387	(21,387)
Net Movement in Funds		(27,384)	1,699,063	1,671,679	(65,460)	136,416	70,956
Reconciliation ofFunds:
Total funds brought forward
at29 June 2022 Total funds carried		69085	3,463 866	3 532,951	134545	3 327450	3461 995
forward at 29June Z023		41 701	5,162,929	5,204,630	69,085	3463,866	3,532,951

4.		Expenditure	on	Charitable	Charitable	activities
							2023	2022
		Grants (see note 5) Administrative and accountancy fees Bank charges Software subscription and PO Box hire Office expense					24,400 14,149 198 1,539 40	150,100 13,800 253 460
		Benlian family grave			maintenance		120	120
		Legal advice					1,794	13,547
		Independent	examiner fee				3,072	3,075
							45,312	181,355
5.		Grants
5.1		Scholarship	Fund
							2023	2022
							5	F
Scholarships to students university in England				attending			8,500	106,500
5.2	London Armenian			Cultural		Fund
							2023	2022
								5
Armenian House							5,000	10,000
Armenian Language			Saturday		Studies		5,000	10,000
KTahta		Sunday School					5,000	10000
GAIA Playgroup							500	1,000
Klingen		Choir concert						200
							15,500	31,200
5.3	Other Funds
							2023	2022
							F	5
Middlesex Hospital in			London		(UCH	Charities)		4,000
Armenian		Hospital in	Istanbul		(Burp	Pirgic)		4,000
Armenian		School in Paris		(Tebrotzaserre)				4,000
								12,000

	2023	2022
		8
Cancer Research Campaign	100	100
Horder Centre for Arthritis	100	100
Royal Hospital for Neuro-disability	100	100
Salvation Army	100	100
	400	400
8. Funds Transfers

7. Tangible Fixed Assets Freehold land and buildings - investment properties	7. Tangible Fixed Assets Freehold land and buildings - investment properties	7. Tangible Fixed Assets Freehold land and buildings - investment properties
3-4 New Street, London EC2			2023 6	2022
Probate value			312,000	312,000
Gain on revaluation Fair value gain on Fair value gain on Fair value loss on	at 30June 2008 revaluation at 29June 2016 revaluation at 29June 2017 revaluation at 29June 2021		1,788,000 600,000 300,000 (100,000)	1,788,000 600,000 300,000 (100,000)
Fair value gain on	revaluation	at 29June 2022	200,000	200,000
Disposal			(3,100,000)
Fair Value at 29 June 2023				3,100,000

Investments at marke	t value
					2023
		UK	Overseas		Total
UK Gilts Bonds Funds Investment Funds Infrastructure Property Total	3,836,000 33,074 149,565 17,017 11,230 4,048,888		8 103,702 33,330 137,032	8 3,836,000 33,074 253,267 50,347 11,230 4,183,918
			2023
Material investments			8
UK Gilt - UK Treasury 0.75%			3,836,000
			2023		2022
Quoted Investments			8		8
UK Income received			25,924		8,504
Overseas Income received			3,183		3,376
UK Property Income distributions			823		881
Investment Income			29,930		12,761
9. Debtors
			2023		2022
					8
Prepayments			11,348		10,614
Accrued income			1,012,740		346
			1,024,088		10,960
Accrued income included 81,000,000 donation as a permanent endowment.		from Diratzouian	legacy to be	treated
10. Amounts falling	due within one year
			2023		2022
					8
Legal fees			744	3,126
Professional fees			5,022		544
Independent Examiner fees			3,072	2,400
Admin and accountancy	fees		3,175
Office expenses			40
June 23 capital payment			1,355
			13,408	6,070

11. Analysis ofCharita	ble Funds
	Balance	Share of				Balance
Funds Permanent Endowments	at 30.06.22 6	Net Income 6	Grants Paid 8	Transfers 8	Gains/ Losses 6	st 29.06.23 6
Ben/ian:
Scholarship Fund Middlesex Hospital Fund Armenian Hospital Istanbul	2,078,319 173,193				432,270 36,022	2,510,589 209,215
Fund L'Ecole Tbrotzasserre Paris	173,193				36,022	209,215
Fund Diratzouian:	173,193				36,022	209,215
Nora Diratzouian Family Fund		1,000,000				1,000,000
Ex endsble Endowment:
London Armenian Cultural
Fund Total Endowment Funds	865 968 3,463,866	1,000,000		21 387 21387	180 114 720450	1 024,695 5,162,929
Restricted Income:
Scholarship Income Fund London Armenian Cultural	26,436	(14,863)	(8,500)			3,073
Income Fund Middlesex Hospital Income	307	(6,194)	(15,500)	21,387
Fund Armenian Hospital Istanbul	14,114	(1,238)				12,876
Income Fund L'Ecole Tbrotzasserre Paris	14,114	(1,238)				12,876
Income Fund Total Restricted Funds	14 114 69,085	1 238 24,771	24,000	21,387		12876 41,701
Total Funds	3,532,951	975,229	(24,000)		720,450	5,204,630