|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|2021|2021|2021|2020|2020|2020|
|||||6|6||6|6|
|Income and endowments|||||||||
|from:|||||||||
|Donations
and legacies|||67,904|16,418|84,322|15,839|85,740|101,579|
|Gift aid reclaimed|||16,762|3,126|19,888|17,242|6,964|24,206|
|Bank interest|||83|35|118|951|384|1,335|
|Investment
income|||102,452|42,430|144,882|99,636|40,246|139,882|
|Total income|||187,201|62,009|249,210|133,668|133,334|2~67 002|
|Expenditure
on:|||||||||
|Charitable
activities||9,10|289,177|55,140|344,317|129,655|61,421|191,076|
|Total expenditure|||289,177|55,140|344,317|129,655|61,421|191,076|
|Net income forthe year|||||||||
|before Gains/(losses)|||||||||
|investments|||(101,976)|6,869|(95,107)|4,013|71,913|75,926|
|Realised
gains/(losses)|on|||||(22,848)|(9,229)|(32,077)|
|investments|||||||||
|Unrealised
gains/(losses)|||||||||
|on investments||2|352,701|146,071|498,772|(210,420)|(84,995)|(295,415)|
|Net movement
in funds|||250,725|152,940|403,665|(229,255)|(22,311)|(251,566)|
|Balance brought
forward|||||||||
|at 1 January 2021|||3,951,517|1,666,436|5,617,953|4,180,772|1,688,747|5,869,519|
|Balance carried forward|||||||||
|at 31 December 2021||11|4,202,242|1,819,376|6,021,618|3,951,517|1,666,436|5,617,953|
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|2.
Trust funds||||||||
|---|---|---|---|---|---|---|---|
||||Bequest &|Share|Grants|Gain on||
|||At|Donations|ofnet|Paid|investments|At|
|||1.1.21|received
6|income
f|(Note 8)|to31.12.21
f|31.12.21
F|
|Restricted||||||||
|AYA- Maryam
Moutafian||260,678||6,220||23,267|290,165|
|AYA- Haig 8 Syrvart|Artan|24,962||596||2,228|27,786|
|Education/writers/intellectuals||||||||
|Lucas 8 Rose Gregory||||||||
|Armenian
Studies-||||||||
|Nevait &Hasmig
Krikorian||||||||
|Schools in UK - Serope Kardash||||||||
|Evangelical-||||||||
|Ena Berjouhi Kenadjian||46,628||1,113||4,162|51,903|
|Earthquake —Eprem|&|||||||
|Alice Djirdjirian||645,752||15,411||57,638|718,801|
|Boys/Education-||||||||
|Mac John Lucas||||||||
|Education - Hoseb 8||||||||
|Lilly Arathoon||||||||
|Children's
Home-||||||||
|Katharine
Ghazarian||558,845||13,337||49,881|622,063|
|Armenia —schools 8|orphanage|28,854||689||2,575|32,118|
|Higher education
in music||||||||
|Peter & Flora Alexy||||||||
|Pastoral Development|-Didizian|70,808||1,690|(2,278)|6,320|76,540|
|Humanitarian
Relief Fund||29,909|7,043|-|(36,952)|||
|Scholarship
Fund|||12,500|-|(12,500)|||
|||1,666,436|19,543|39,056|(51,730)|146,071|1,819,376|
|Unrestricted||||||||
|General||989,753|84,666|23,621|(69,522)|88,343|1,116,861|
|Funduklian
(see note (a))
General - Boghos P Jelebjian||985,714
1,156,485||23,524
27,599|(70,364)
(82,555)|87,982
103,224|1,026,856
1,204,753|
|General - George 8||||||||
|John Kurkjian||4,323||103|(309)|386|4,503|
|General - Levon Tashdjian||815,242||19,456|(58,195)|72,766|849,269|
|||3,951,517|84,666|94,303(280,945)||352,701|4,202,242|
|Total Trust Funds||5,617,953|104,209|133,359(332,675)||498,772|6,021,618|
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|to the financial stateme
d. )|nts
for the|year ended|31 Decemb|er 2023|
|---|---|---|---|---|
|Investments
2021
Fixed interest securities||Holding|Costf|Market
Value f|
|COIF Charities
Fixed Interest Fund - Income||156,049.82|200,000|206,813|
|Black Rock Charinco Common|Investment||||
|Fund - Income||112,925.00|200,000|207,444|
|M&G Charibond
Income Units||247,907.57|285,000|300,390|
|Income Trust for Charities
A Income Units||86,597|50,000|58,106|
||||735,000|772,753|
|Property|||||
|The Threadneedle
Property
Unit Trust||1,348.61|326,135|421,858|
|Equity Funds|||||
|FP CAF UK Equity Fund BIncome||80,185|49,996|135,104|
|FP CAF International
Equity Fund A Income||68,002.88|124,044|188,735|
|FP CAF Alternative
Strategies
Fund A Income||111,922.82|124,044|124,111|
|COIF Charities
Investment
Fund|- Income|26,305.70|150,734|540,235|
|Black Rock Charishare
Common|Investment||||
|Fund - Income||173,204|604,285|1,239,100|
|M&G Charifund
Income Units||37,553.42|250,000|584,406|
|Schroder Charity
Equity Income||203,171|580,000|898,016|
||||1,883,103|3,709,707|
|Total as at 31 December 2021|||2,944,238|4,904,318|
|Investments
2020
Fixed interest securities||Holding|Costf|Market
Valuef|
|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|
|M&G 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|||||
|FP CAF UK Equity Fund BIncome||80,185|49,996|119,540|
|FP CAF International
Equity Fund A Income||68,002.88|124,044|159,052|
|FP CAF Alternative
Strategies
Fund A Income||111,922.82|124,044|121,839|
|COIF Charities
Investment
Fund|- Income|26,305.70|150,734|472,863|
|Black Rock Charishare
Common|Investment||||
|Fund - Income||173,204|604,285|1,118,031|
|M&G 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|
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|4.|Fixed asset|investments|investments|investments|||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||6|6|
||Market value|at 1 January|||2021||4,405,546|4,866,705|
||Additions||||||||
||Disposals (at opening|||market value)||||(165,744)|
||Net unrealised||(loss)/gain||-(note 2)||498,772|(295,415)|
||Market value|at|31 December 2021||||4,904,318|4,405,546|
||Historical cost at 31 December 2021||||||2,944,238|2,944,238|
|5.|Cash at bank and in|||hand|||2021|2020|
||||||||6||
||Business reserve account||||||1,127,620|1,177,341|
||Current account||||||100|(21,900)|
||||||||1,127,720|1,155,441|
|6.|Debtors||||||2021|2020|
||||||||F|6|
||Accrued income|||||||47,781|
||Other debtors||||||19,811|24,456|
||||||||19,811|72,237|
|7.|Creditors and Accruals||||||2021f|2020
6|
||Accruals||||||30,231|15,271|
||||||||30,231|15,271|
|8.|Employees||||||2021|2020|
||The average|monthly||number ofemployees||during the year was:|||
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2021|2021f|2021|2020|2020|2020
E|
|Educational|grants|||||||
|Student grants and loans||138,824||138,824|64,801||64,801|
|Charitable|and other grants|||||||
|Other organisations||142,121|51,730|193,851|56,763|58,153|114,916|
|||280,945|51,730|332,675|121,564|58,153|179,717|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2021|2021|2021|2020|2020|2020|
|||E|F.||6|E||
|Grants||280,945|51,730|332,675|121,564|58,153|179,717|
|Auditor fees||3,809|1,578|5,387|3,633|1,467|5,100|
|Accountancy|fees|2,070|857|2,927|2,034|822|2,856|
|Legal fees||1,768|732|2,500|2,137|863|3,000|
|Subscription|fees|152|63|215||||
|Bank charges|and interest|433|180|613|287|116|403|
|||289,177|55,140|344,317|129,655|61,421|191,076|
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|11.
Analysis offun|ds by assets||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||Funds|Funds|Funds|Funds|Funds|Funds|
||2021|2021|2021|2020|2020|2020|
||||f||||
|Fixed asset investments|3,422,524|1,481,794|4,904,318|3,098,742|1,306,804|4,405,546|
|Net current assets|779,718|337,582|1,117,300|852,775|359,632|1,212,407|
||4,202,242|1,819,376|6,021,618|3,951,517|1,666,436|5,617,953|
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