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|Contents||||Page|
|---|---|---|---|---|
|Reference and administrative||information|and Trustees||
|Trustees'
Annual
Report||||2-4|
|Independent
Auditor's|Report|||5-7|
|Balance Sheet|||||
|Statement
of Financial|Activities||||
|Notes to the Financial|Statements|||10-15|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|Funds|Funds|
|||Note|2020|2020|2020|2019|2019|2019|
|||||6|6|6|6|6|
|Income and endowments|||||||||
|from:|||||||||
|Donations
and legacies|||15,839|85,740|101,579|78,650||78,650|
|Gift aid reclaimed|||17,242|6,964|24,206|447|178|625|
|Bank interest|||951|384|1,335|1,524|608|2,132|
|Investment
income|||99,636|40,246|139,882|123,596|49,256|172,852|
|Total Income|||133,668|133,334|267,002|204,217|50042|2~54 259|
|Expenditure
on:|||||||||
|Charitable
activities||8,9|129,655|61,421|191,076|269,558|53,460|323,018|
|Totalexpenditure|||129,655|61,421|191,076|269,558|53,460|323,018|
|Net income for the year|||||||||
|before Gains/(losses)|||||||||
|investments|||4,013|71,913|75,926|(66,341)|(3,418)|(68,759)|
|Realised gains/(losses)|on||||||||
|investments|||(22,848)|(9,229)|(32,077)||||
|Unrealised
gains/(losses)|||||||||
|on investments||2|(210,420)|(84,995)|(295,415)|334,918|133,472|468,390|
|Net movement
in funds|||(229,255)|(22,311)|(251,666)|269,577|130,054|399,631|
|Balance brought forward|||||||||
|at 1 January 2020|||4,180,772|1,688,747|5,869,519|3,911,195|1,558,693|5,469,888|
|Balance cerned forward|||||||||
|at 31 December 2020||10|3,951,517|1,666,436|5,617,953|4,180,772|1,688,747|5,869,519|
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|(Co|ntd. )||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2.|Trust funds||||||||||
|||||||Bequest &|Share|Grants|Gain on||
||||||At|Donations|ofnet|Paid|investments|At|
||||||1.1.20
6|received
6|income
F|(Note 8)
6|to 31.12.20
F|31.12.20f|
||Restricted||||||||||
||AYA - Maryam
Moutaffan
AYA- Haig 8 Syrvart Artan|||268,614
25,721|||5,583
535||(13,519)
(1,294)|260,678
24,962|
||Education/writers/intellectuals||||||||||
||Lucas &Rose Gregory||||||||||
||Armenian
Studies-||||||||||
||Nevart
& Hasmig
Krikorian||||||||||
||Schools in UK- Serope Kardash||||||||||
||Evangelical-
Ena Berjouhi Kenadjian||||48,049||998||(2,419)|46,628|
||Earthquake —Eprem
&
Alice Djirdjirian|||665,414|||13,829||(33,491)|645,752|
||Boys/Education-||||||||||
||Mac John Lucas||||||||||
||Education - Hoseb &||||||||||
||Lilly Arathoon||||||||||
||Children's
Home-||||||||||
||Katharine
Ghazarian||||575,860||11,968||(28,983)|558,845|
||Armenia-
schools &orphanage||||29,732||618||(1,496)|28,854|
||Higher education
in music||||||||||
||Peter 8, Flora Alexy
Pastoral Development
-Didizian||||75,357||1,566|(2,322)|(3,793)|70,808|
||Hayastan
All Armenian
Fund
Humanitarian
Relief Fund|||||37,245
47,296|-|(37,245)
(17,387)||29,909|
||Relief Efforts Lebanon|||||899||(899)|||
||Scholarship
Fund|||||300||(300)|||
||||1,688,747|||85,740|35,097|(58,153)|(84,995)|1,666,436|
||Unrestricted||||||||||
||General
Funduklian
(see note (a))
General
—Boghos P Jelebjian||1,034,564
1,047,099
1,228,505|||15,839|21,502
21,762
25,532|(30,082)
(30,446)
(35,721)|(52,070)
(52,701)
(61,831)|989,753
985,714
1,156,485|
||General - George &
John Kurkjian
General
—Levon Tashdjian||||4,593
866,011||95
17,999|(134)
(25,181)|(231)
(43,587)|4,323
815,242|
||||4,180,772|||15,839|86,890(121,564)||(210,420)|3,951,517|
||Total Trust Funds||5,869,519|||101,579|121,987(179,717)||(295,415)|5,617,953|
||Notes||||||||||
||(a)
The Funduklian
Funds
Vahe G Funduklian|are made up
Fund||||of:
882,934|||||
||Kamig &Arto Funduklian||||Fund|25,695|||||
||Aznive &Astra Funduklian||||Fund|25,695|||||
||Aram
N Karagheusian||Fund|||25,695|||||
||Nazareth
D Funduklian|||Fund||25,695|||||
|||||||985,714|||||
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|to the financial statements
for the
d. )|year ended|31 Decembe|r 2020|
|---|---|---|---|
|Investments|||Market|
|2020|Holding|Cost|Value|
|Fixed interest securities||k|6|
|COIF Charities
Fixed Interest Fund - Income|156,049.82|200,000|221,263|
|Black Rock Charinco Common
Investment||||
|Fund - Income|112,925.00|200,000|222,463|
|MBG Charibond
Income Units|247,907.57|285,000|311,074|
|Income Trust for Charities
A Income Units|86,597|50,000|62,220|
|||735,000|817,020|
|Property
The Threadneedle
Property
Unit Trust|1,348.61|326,135|366,592|
|Equity Funds
IFSL CAF UK Equity Fund BIncome
IFSLCAF International
Equity Fund A Income|80,185
68,002.88|49,996
124,044|119,540
159,052|
|IFSLCAF Alternative
Strategies
Fund A Income
COIF Charities
Investment
Fund - Income|111,922.82
26,305.70|124,044
150,734|121,839
472,863|
|Black Rock Charishare
Common
Investment||||
|Fund - Income|173,204|604,285|1,118,031|
|MBG Charifund
Income Units|37,553.42|250,000|515,447|
|Schroder Charity
Equity Income|203,171|580,000|715,162|
|||1,883,103|3,221,934|
|Total as at 31 December 2020||2,944,238|4,405,546|
||||Market|
|2019|Holding|Cost|Value|
|Fixed interest securities||S|6|
|COIF Charities
Fixed Interest Fund - Income|156,049.82|200,000|214,163|
|Black Rock Charinco Common
Investment||||
|Fund
—Income|112,925.00|200,000|215,236|
|M8G Charibond
Income Units|247,907.57|285,000|307,529|
|Income Trust for Charities
A Income Units|86,597|50,000|58,704|
|||735,000|795,632|
|Property
The Threadneedle
Properly
Unit Trust|1,348.61|326,135|391,581|
|Equity Funds
FP CAF UK Equity Fund BIncome
FP CAF International
Equity Fund A Income
FP CAF Alternative
Strategies
Fund A Income
COIF Charities
Investment
Fund - Income|80,185
68,002.88
111,922.82
26,305.70|49,996
124,044
124,044
150,734|127,526
143,935
122,779
444,319|
|HSBC Charity Common
Fund for Growth|97,496.17|100,000|165,744|
|Black Rock Charishare
Common
Investment||||
|Fund
—Income|173,204|604,285|1,198,224|
|M8G Charifund
Income Units|37,553.42|250,000|623,646|
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|Schroder Charity
Equity Income|Schroder Charity
Equity Income||||203,|171|580,000|853,319|
|---|---|---|---|---|---|---|---|---|
||||||||1,983,103|3,679,492|
||Total as at 31 December|2019|||||3,044,238|4,866,705|
||Except for the Threadneedle
Property|||Unit Trust,|which|is held|in Jersey,
all|investments|
||are held
in the United
Kingdom.||||||||
|4.|Fixed asset investments||||||2020f|2019
6|
||Market value at 1 January|2020|||||4,866,705|4,398,315|
||Additions||||||||
||Disposals (at opening
market value)
Net unrealised
(loss)/gain
- (note 2)||||||(165,744)
(295,415)|468,390|
||Market value at 31 December 2020||||||4,405,546|4,866,705|
||Historical cost at 31 December 2020||||||2,944,238|3,044,238|
|6.|Cash at bank and in hand||||||2020|2019|
||||||||f.|F|
||Business reserve account||||||1,177,341|1,022,087|
||Current account||||||(21,900)|(17,400)|
||||||||1,155,441|1,004,687|
|6.|Debtors||||||2020|2019|
||||||||6|f.|
||Owed from Armenian
Education||Trust|||||26,028|
||Accrued income||||||47,781||
||Other debtors||||||24,456|250|
||||||||72,237|26,278|
|7.|Creditors
and Accruals||||||2020|2019|
||||||||6|6|
||Accruals||||||15,271|28,151|
||||||||15,271|28,151|
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|||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2020|2020|2020|2019|2019|2019|
|||E|E|6|E|E|6|
|Educational
grants
Student grants and loans||64,801||64,801|65,935|47,895|113,830|
|Charitable
and other grants
Other organisations
56,763|||58,153|114,916|196,624|2,775|199,399|
|||121,564|58,153|179,717|262,559|50,670|313,229|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2020|2020|2020|2019|2019|2019|
|||f|6||6|E|6|
|Grants||121,564|58,153|179,717|262,559|50,670|313,229|
|Auditor fees||3,633|1,467|5,100|4,599|1,833|6,432|
|Accountancy|fees|2,034|822|2856|2,225|887|3,112|
|Legal fees
Bank charges|and interest|2,137
287|863
116|3,000
403|175|70|245|
|||129,655|61,421|191,076|269,558|53,460|323,018|
##
|10.
Analysis offun|ds
by assets||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||Funds|Funds|Funds|Funds|Funds|Funds|
||2020|2020|2020|2019|2019|2019|
||6|E|6|6|E|6|
|Fixed asset investments|3,098,742|1,306,804|4,405,546|3,466,483|1,400,222|4,866,705|
|Net current assets|852,775|359,632|1,212,407|714,289|288,525|1,002,814|
||3,951,517|1,666,436|5,617,953|4,180,772|1,688,747|5,869,519|