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





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|||||NOTES|2023|2022|
|---|---|---|---|---|---|---|
|Fixed Assets|||||||
|Freehold<br>Property||||||3,100,000|
|Investments||||8|4,183,918|421,761|
||||||4,183,918|3,521,761|
|Current Assets|||||||
|Cash at bank|||||10,032|6,300|
|Debtors||||9|1,024,088|10,960|
||||||1,034,120|17,260|
|Liabilities: amounts||falling|due within one year|10|13,408|6,070|
|Net Current|Assets||||1,020,712|11,190|
|Total Assets|less Current||Liabilities||5,204,630|3,532,951|
|Represented|by:-||||||
|Endowment|Funds|||11,12|5,162,929|3,463,866|
|Restricted Funds||||11,12|41,701|69,085|
||||||5,204,630|3,532,951|





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|4.||Expenditure|on|Charitable|Charitable|activities|activities|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||Grants (see note 5)<br>Administrative<br>and accountancy<br>fees<br>Bank charges<br>Software subscription<br>and PO Box hire<br>Office expense||||||24,400<br>14,149<br>198<br>1,539<br>40|150,100<br>13,800<br>253<br>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<br>to students<br>university<br>in England||||attending||||8,500|106,500|
|5.2|London Armenian|||Cultural||Fund||||
|||||||||2023|2022|
||||||||||5|
|Armenian<br>House||||||||5,000|10,000|
|Armenian<br>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<br>Hospital<br>in|||London||(UCH|Charities)|||4,000|
|Armenian||Hospital<br>in|Istanbul||(Burp|Pirgic)|||4,000|
|Armenian||School in Paris||(Tebrotzaserre)|||||4,000|
||||||||||12,000|





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



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



|8.<br>Investments|||||
|---|---|---|---|---|
||||2023|2022|
|Quoted Investments|||||
|Market Value 29June|2022||421,761|512,458|
|Additions|||3,812,946|50,743|
|Disposals at opening|market|value|(76,356)|(83,627)|
|Net unrealised<br>Gain/(Loss)||in the year|25,567|(57,813)|
|Market Value 29June 2023|||4,183,918|421,761|
|Historical cost at 29|June|2023|4,110,204|360,772|





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|Investments<br>at marke|t value|||||
|---|---|---|---|---|---|
||||||2023|
|||UK|Overseas||Total|
|UK Gilts<br>Bonds Funds<br>Investment<br>Funds<br>Infrastructure<br>Property<br>Total|3,836,000<br>33,074<br>149,565<br>17,017<br>11,230<br>4,048,888||8<br>103,702<br>33,330<br>137,032|8<br>3,836,000<br>33,074<br>253,267<br>50,347<br>11,230<br>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<br>Income received|||3,183||3,376|
|UK Property<br>Income distributions|||823||881|
|Investment<br>Income|||29,930||12,761|
|9.<br>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<br>as a permanent<br>endowment.||from Diratzouian|legacy to be|treated||
|10.<br>Amounts<br>falling|due within one year|||||
||||2023||2022|
||||||8|
|Legal fees|||744|3,126||
|Professional fees|||5,022||544|
|Independent<br>Examiner fees|||3,072|2,400||
|Admin<br>and accountancy|fees||3,175|||
|Office expenses|||40|||
|June 23 capital payment|||1,355|||
||||13,408|6,070||





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





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|12.Analysis o|ffunds by as|sets|||||
|---|---|---|---|---|---|---|
||Restricted|Endowment||Restricted|Endowment||
|Fixed asset|Funds<br>2023|Funds<br>2023|Total<br>2023|Funds<br>2022|Funds<br>2022|Total<br>2022|
|investments<br>Net current|20,989|4,162,929|4,183,918|57,895|3,463,865|3,521,751|
|assets<br>Total|20712<br>41,701|1 000 000<br>5,162,929|1 020 712<br>5,204,630|11 190<br>69,085|3,463,866|11 190<br>3,532,951|



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