COMPANY REGISTRATION NUMBER: 0687058 CHARITY REGISTRATION NUMBER: 305961 ARMENIAN HOUSE LTD Company Limited by Guarantee Unaudited Financial Statements 30 April 2024 Shah Dodhia & Co Chartered accountants 173 Cleveland Street London W1T6QR
ARMENIAN HOUSE LTD Company Llmited by Guarantee Financial Statements Year ended 30 April 2024 Page Trustees, annual report {incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) statement of financial position Notes to the financial statements
ARMENIAN HOUSE LTD Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrectorfs Report) Year ended 30 April 2024 The trustees. who are also the dlredors for Ihe purposes of company18W. Present Iheir report and the unaudited finanrAal stalements of th6 Charty for the year ended 30 April 2024. Reference and admlnlstratlve detalls Reglstered charlty name ARMENIAN HOUSE LTD Charlly reglstratlon numbèr 305961 Company reglstratlon number 0687058 Prln¢lpal offlce and reglstored 25 Chenlslon Gardens olflce London B6TG Dlrectors and Trustees Mr G Vartouklan Mrs G Yardim Ms M Ovanessoff Ms A Eghlayan M16s A Alrikian Mr A Topalian Mr$ A Medazoumlan Mr A Karakashi8n Mr S Mouradlan Chalrman Vice Chalrman {Re81gned on 3110712023) Vice Chairman (Appointed on 3110712023) Secrelary Treasurer Emerltus Trugts88 Mr S Ovanessoff Mr H Tokalllan Independent Examlner Shah Dodhia & Co Chartered A¢counlants 173 Cleveland Street London W1T6QR Banker8 Barclays Bank PIC 128 Moorgate London EC2M 6SX Structure, governance and management A board of trustees of nine members admlnbst8r th8 chartty. The House committee members continue the day to day management of Afmenian House. The company Is limited by guarantee and all the trustees, as members of the company, are Ilable to conlrlbute vp ¢0 £1 each In the event of windwig up. Under Ihe Memorandum and Articles of Assoclalon, Ihe charlty has the power to make any Invèslmenl which the Iruslees see rrt.
ARMENIAN HOUSE LTD Company Llmlted by Guarantee Trustees, Annual Report {Incorporating the Directorfs Report) (¢onl1&YtsJ Year ended 30 April 2024 Oblectlves and activitle8 The obJ-e¢ls of the charity are to provmle and maintain, in the interests of social welfare. a community centre and facilities for education, recreation and olher leisure-tlme occupation for the benefit of members of Ihe public al large and in particular Gregorian Armenians in Ihe Untled Klngdom and with the object of improving their conditions of lrfe. The company contlnued to ovm the propety al 25 Chèniston Gardens 8nd to provide a centre for social and cultural purposes for all membèrs of Ihe Armenian Communlty in London. There has been no change h the pjicies of the company and the state of Its affalrs at the dale of the balance sheet Is consldered to be satisfactory. strateglc report The following secllons for financial review fomi the stTalegic report of thè charity. Flnanelal rovlew Planning permlsslon has been granted In November 2024 for an extenslon , change of use for part of the property and refurblshment of the propety- All costs rel8tlng to Ihis project have been expensed lo tha Profit and Loss Ac¢ounl. Capital expendllur8 Including carpets, fumilure, elc have also been wrlllen off lo Ihe Profit and Loss Account. RèBerv•8 Pollcy The company does not have a shafe capital and Ihe whol8 ol the unreslficled fund repre6enls Ihe accumulated reservés. The dlrectors consider Ihe Fevel of the reseNes lo be sufficient for the periodlcal r8furblshmenl and maintenanc8 of the fabrlc of the buildlng and contents of Armenlan House at 25 Chenlslon Gardens, London W8 8TG. Thè trustees, annual report and Ihe $lrategK report were approved on of the board of trustees by.. and Slgned on behalf Stee Greg Vartouklan ruste8 Amiine Afrikian
ARMENIAN HOUSE LTD Company Llmited by Guarantee Independent Examlner's Report to the Trustees of ARMENIAN HOUSE LTD Year ended 30 Aprll 2024 I report on the financlaS statemenls for Ihe year ended 30 Aprll 2024. whlch comprtse the statement of flnanclal activities (Including income and expenditure account). stalemènl of financlal posltion and the related notes. Respectlve responslbllitles of Inrntees and examlner The Iruslees {who ar8 also the dweclors of the company for the purposes of company law) are responsible for the preparallon of the flnancial statemenls. The tmslees consider that an audll Is nol requlred for thls year under secllon 144(2) of the Charittes Act 2011 {the 2011 Act) and that an Independent examination is needed. H8vlng salisfied rny581f that thé charlty is not subject lo audli under company law and Is èllglblè for Independenl examlnatlon, it Is my responslbility to.. examlne the accounts under sectk)n 145 of the 2011 Acl; to followthe procedures lakl d¢)vffl in ihe general Diredlons glven by Ihe Charity Commi$$lon under 8ecllon 145(5){b) of the 2011 Act: and to slate whelher particular matters have come to my atlention. 8a$lg of Independent examinerfs report My examlnallon was cafrled out In accordance th the general dkectlons glven by Ihe Charlly Commlsslon. An examlnation includes a revlew of the accounling records kepl by Ihe charlty and a comparlson of the aCUnIS presented with those records. It a150 Includes consideration of any unusual Items or disclosures in the accounts and seeklng explanation8 from you as trustees concernlng any such malters. The procedures undertaken do not provide all the evidence Ihal would be requlred In an audit and consequenlly no oplnion is given as to whelhèr lh8 acccnIS present a'lw8 and falr vl8W and the report is Ilmited to Ihose matters sel out in the nexl statement. Independgnt eXomlnèf8 ststgment In ¢onnecllon wllh my examlnalion. no matter has come to my attention: (1) whlch glves me reasonable Cause to beleve thal In any materlal te8pe¢t the requlrements.. to keep accounllng records In accordance wlth secllon 388 of the Companle$ Act 2006. and to prepare accounts vthiGh a¢¢ord wllh Ihe accounting records, ¢ornpty with the accounllng requlremenls of 8eclton 396 of the Companies Act 2006 and with the methods and prlnclples of the Statement of Recommended Pradlce: A¢untIng and Reporting by Charille$ have not been met. or (21 lo whlGh. in my oplnlon, attention should be drawn In order to 8nabl8 a proper understandlng of the accounts to be reached. Shah Dodhia & Co Chartered Accountants 173 Cleveland Streèt London W1T 6QR 21
ARMENIAN HOUSE LTD Company Llmlted by Guarantee statement of Financial Position 30 April 2024 2024 Unrestr(cted funds Total funds Tol81 funds 2023 Income and endowments Donations and legacies Olher Iradlng acllvltles Inveslmenl Incorne 81,447 11,500 550 81,447 11.500 550 5,634 11,500 240 Total Income 93,497 93,497 17.374 Expèndlturè Expenditure on raising funds: Costs of other trading activities 23,587 23,587 13,117 Othèr exp8ndllure Total expendllure 98,773 122.360 98,773 13,024 122.360 26,141 Net Incomo and net movemenl In fund6 (28.863) (28,863> 18,767) Reconclllatlon of fund8 Total funds brought foThiard Total lunds carrled foThYard 163.667 163.667 172,434 183,687 134.804 134,804 The slalement of financlal acliv611es Includes all galns and106s8s recognised In the year. All Income and expenditure deTiv8 from conllnulng aclfvllle8. The note8 on pages 6 to 10 lomi partofthèsfr flnanclal stat8mgnts.
ARMENIAN HOUSE LTD Company Llmited by Guarantee statement of Financlal Position 30 April 2024 2024 2023 Flxed a8sets Tangible flxed assets 12 51,907 51.907 Current assets Debtors Cash at bank and In hand 13 3,820 104.224 9,382 103,897 113,279 108,044 Cr¢dltor8." amounts falllng due wllhln one year Net current a8sets 14 25,147 1.519 82,897 111.760 Total a$set$ loss current Ilabllttles 134.804 163,667 163,667 N¢t as$ets 134.804 Fund8 of thè charlty Unreslricled funds 134.804 134.804 163.667 163,667 Total eharlty funds For the year 8ndlng 30 April 2024 the charlly was ènlltled lo exemptlon from audlt under sectlon 477 01 the Companles Act 2006 relallng to small companles. Trustees, responslbSlltles'. The members have not requlred the charlly lo obln an audlt of Its Ilnanclal statements for the year In quesllon In accordants wllh secllon 476: The trustees acknowledge thelr responslbllllles for complylng wllh the requlrements of the Act with respect to accountlng records and Ihe weparatlon of financlal statements. These flnanclal statements were approved by the board of trustees and aulhorfsed lor issue on 911212024, and are slgned on behalf of the LK)ard by: Greg Vartouklan TRUSTEES Armlne Afrikian The notes on pages 6 to 10 fonn part ol these fiDAncial slatements.
ARMENIAN HOUSE LTD Company Limited by Guarantee Notes to the Financial Statements Year ended 30 April 2024 General Infomiatbon The charity Is a Private company Ilmited by guarantee, reglstered kn England and Wales and a registered charity in England and Wales. The address of the registered office is 25 Cheniston Gardens. London, W8 6TG. statemept of compllanco These financl81 stal8m8nls have been prepared in compllance wtth FRS 102, The Financlal Reporting Standard applicable in thè UK and the Republic of Ireland,, thè Statemént of Recommended Pracllce applicable to chartties preparing their accounts in accordance wilh the Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 102) {Charllle8 SORP (FRS 102)) and the Charities Acl 2011. Ac¢ountlng pollcles Ba819 of proparatlon The financlal statemants have be8n prepared on the historical cost basis. The financlal ststenient8 are wepared kn slerllng. whlch18 Ihe funcllonal cUrncY ofthe entity. Golng concern Ther8 are no malerlal uncertainti6s about the chantys ability to conlinue. Fund accounllng Unreslrlcted funds are avaable for use at the dlscretlon of Ihe tru81ee8 to further any of the charlty'8 purposes. Designatèd fund8 8re unreslrlcled funds earmarked by the trustees for parilcular future project or commltment. Incomlng resources All Incoming resource$ are Induded In the statemenl of financl81 acllv11108 when 8nlill&menl has passed to Ihe charty,. It Is probable that Ihe economic benefils assocKgted wllh the transaction wlll flow to Ihè Gharity and the amount can bè I1abty measured. The followlng speclfic pollcles are appll6d lo partlcular calegorles of income.. income from donaltons or grants is recognised when Ihere is evidence of enllllemenl to the gift, receipt is probable and ils amount can be measured reliably. legacy Income is reCogned when ieceipt Is probable and enlitlernent is established. income from donated goods is measured at Ihe fair value of Ihe goods unlèss this is impractical lo measure rèliabty. In which case the value Is derived from Ihe cost to ihe donor or the eslimated resale value. Donated faci1S1ies and s8rvlces are recognlsed In the accounts when recelved if the value can be reliabty measured. No amounts are included for the contribution of general volunleer8.
ARMENIAN HOUSE LTD Company Limited by Guarantee Notes to the Flnancial Statements Year ended 30 April 2024 Accountlng pollcles {continuedJ Resourcos exp8ndod Expendllure Is recognlsed on an accrua15 basls as a Ilability Is Incuffed. Expenditure includès any VAT which Gannot be fully recoveréd, and Is classlfled under headings of the stalement offinancial actlvilies lo which il relales.. expendilure on raising funds Includes the costs of all fundraising actiiitie5. evenls, non- Gharitable Iradlng activities, and the sale of donated goods. expenditure on charftable aclivitles includes all cosls incurred by a charty in undertaking aclivilies Ihat furtheT Ils charitable aims for the benefll of ils benefidaries, Sncluding those support costs and cosls relating lo Ihe govemanc of the charfty apportloned lo charitable actwllles. other expendllure includes all expenditure that is neither related to raising Thd8 for tha ¢harlty nor part of Ils expendilure on chaiitable adlvitle8. All costs are allocated lo &xpendllure calegofies reflecting Ihe use of thè r8source. Dlrecl costs attributable to a single aclivty are allocated direclty lo that activity. Shared costs 8PPOrtioned belween the activllles Ihey conlribule lo on a rea80nable. justlfiable and conslst6nl basls. Depreclatlon Depreclallon is calculated so as to write off Ihe cost or valualton of an asset. less its residual value, over the usefvl e¢onomlc Ilfe of that asset as follows.. Freehold propertles NIL Flnanclal In81rument8 A flnancial asset or a financial liabillty Is recognlsed onty when the charity bècomes a party to the conlraclual provislons of the Snstrumenl. Baslc financial instruments are initialty recogntsed at the amount receivable or payable Indudlng any related transaclk)n co$l$. Current assets and current liabllities are subsequently measured at the cash or other considoration expected lo be pakl or recelved and rKA dlscounled. Debl Inslrum8nls are 8ubsequentty ff*asured at amortlsed ¢08t.
ARMENIAN HOUSE LTD Company Llmlted by Guarantee Notes to the Flnancial S&ements (conunuedj Year ended 30 April 2024 Llmlted by guarantee Armenian House Is a registered charity and a company Ilmiied by guarantee governed by Ils Memorandurn and Articles ofAssoGialion. Oonallons and legacles Unrestricted Tolal Funds Unrestiicled Total Funds Funds 2024 Funds 2023 Donallons Donations 81,447 81.447 5,834 5.634 Totsl 81.447 81.447 5,834 Other tradlng actlvSlle$ Unreslrlcled Total Funds Unrestricted Total Funds Funds 20 Funds 2023 Llcense Fees Receivable 11,500 11,500 11.500 11,500 Investmont Incomo Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank inleresl recelvable 550 550 240 240 Co•t8 of other Iradlng actlvltle8 Unrestrfcted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 House costs - rates & water House c06ts- light & heal House CoÈts- tÈpalrts & malntènanté House co8ts- hsurance 2,518 2,892 14,975 3,202 23,587 2.518 2,892 14,975 3,202 23,587 897 5,492 3,782 2,946 897 5,492 3,782 2,946 13.117 13,117
ARMENIAN HOUSE LTD Company Llmited by Guarantee Notss to the Flnanclal Statements (c4)n(Inu8dJ Year ended 30 Aprll 2024 othor oxpendlture Unrestricted T<>tal Funds Unreslricted Total Funds Funds 2024 Funds 2023 Accountancy Fee Sundry Expens88 Bank Charges Telephone Evènl Expènaèg Professional fees 1,320 14.179 144 576 1.083 81.471 1,320 14,179 144 576 1,083 81,471 930 930 104 467 104 467 98.773 98,773 13,024 13,024 10. Independont examlnatlon fe88 2024 2023 Fees payable to the Independent exarnlner for. Independenl examination of the financial statements 1,320 930 11. Trv8t•o romuneratlon and expen808 No remun8ratlon or olher nefits ffom employment wlth the chartty a related entily were received by the trustees. 12. Tanglbl• fixèd a88ets Freehold propety Total Cost At 1 May 2023 and 30 Aprll 2024 Depreclatlon Al 1 May 2023 and 30 Aprfl 2024 Carrylng amount At 30 April 2024 51,907 59.316 7,409 51,907 51,907 In the opinlon of the trustees. the market value of lh8 property al 30 Aprll 2024 exceeds Ihe book value.
ARMENIAN HOUSE LTD Company Llmlted by Guarantee Notes to the Flnanclal Statements {¢onllnu•dJ Year ended 30 Aprll 2024 13. Debtorn 2024 2023 Prepaym8nls and accrued InGome OtheT debtor6 3,390 430 7,452 1,930 3,820 9,382 14. Credltors: amounts folllng due wllhln ong year 2024 2023 Amount owed by Related Entity Accruals and deferred Incom8 23,418 1,729 1,519 25,147 1,519 15. Analy818 of charltable fund8 Unre8lrlcted fund8 At 1 May 2023 Income AI 30 Aprfl 2024 Expenditure General funds 183,687 93,497 {122,360) 134,804 16. Analy818 01 net a88et8 bètween fund8 Unreslricled Tol•l Funds Funds 2024 Tanglble fixed assels Current assets Creditors less than 1 year Not a980t8 51,907 108,044 (25,147) 134,804 51.907 108,044 (25,147> 134,804 10