CHARITY REGISTRATION NUMBER: 313128 ! : # ARMENIAN COMMUNITY TRUST Unaudited Financial Statements 31 March 2025 Shah Dodhia & Co Chartered Accountants 173 Cleveland Street London W1T 6QR | | | ## ARMENIAN COMMUNITY TRUST ## Legal and Administrative Information Year ended 31 March 2025 ||Page| |---|---| |Trustee's annual report|1| |Independent examiner's report to the trustee|3| |Statement offinancial activities|4| |Statement offinancial position|5| |Notestothefinancialstatements|6| | | ## ARMENIAN COMMUNITY TRUST ## Trustees’ Annual Report Year ended 31 March 2025 nS The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name ARMENIAN COMMUNITY TRUST Charity registration number 313128 Principal office 25 Cheniston Gardens London W8 6TG ## The trustees Mr G Vartoukian Chairman Ms M Ovanessoff Vice Chairman Ms A Eghiayan Secretary Miss A Afrikian Treasurer Mrs G Yardim Mr A Topalian Mrs A Medazoumian Mr A Karakashian Mr S Mouradian Emeritus Trustees Mr S Ovanessoff Mr H Tokatlian ## Accountants Shah Dodhia & Co Chartered accountants 473 Cleveland Street London W1T 6QR ## Structure, governance and management The Charity's activities are governed by a Declaration of Trust Deed made on 22 May 1957 and Supplementary Deeds of Variation dated 30" September 1996 and 1991. The Trust is an unincorporated association administered by eleven Trustees. : ## Objectives and activities The object of the Trust is to apply the income and capital of the Trust Fund for or towards any of the objects of Armenian House Ltd during such time as Armenian House Ltd shall be registered as a Charity pursuant to the provisions of the Charities Act 1960. Furthermore, the Trust is to apply the income of the Trust Fund in such manner as the Trustees in their absolute discretion think fit for the advancement of education and learning and in particular for the advancement of education and jearning among Armenians in the United Kingdom, and the promotion of the study of Armenian history, literature, language, culture and religion. No grant (2024: Nil) was made to Armenian House in the year ended 31 March 2025. ## ll Rt | i : ' | | | # ARMENIAN COMMUNITY TRUST # Trustees‘ Annual Report ## Year ended 31 March 2025 ## Financial review The results for the year are set out on page 4. ## Investment Policy The Trustees’ investment powers are governed by the Trust Deed, which permits the Charity’s funds to be invested in any investment authorised by faw for the investment of Trust monies. The Trustees are satisfied that the Trust is a going concern. ## Reserves The Trust Fund and the Donations Fund are both unrestricted and together constitute the Reserves of the Trust. The main object of the Trust is to apply the income and capital of the Trust Fund for or towards any of the objects of Armenian House Limited. The Trustees in consultation with the Directors of Armenian House Limited make annual grants to Armenian House in furtherance of this object. The level of reserves is maintained to provide additional grants in years when it becomes necessary to refurbish and maintain the fabric and structure of Armenian House at 25 Cheniston Gardens, London W8 6TG. The trustees’ annual report was approved on wiflafas- and signed on behalf of the board of trustees by: Lo Greg Vartoukian Trustee Armine Afrikian Trustee 2 : | | | ## ARMENIAN COMMUNITY TRUST Independent Examiner's Report to the Trustees of ARMENIAN COMMUNITY TRUST ## Year ended 34 March 2025 | report on the financial statements for the year ended 31 March 2025, which comprise the statement of financial activities, statement of financial position and the related notes. ## Respective responsibilities of trustee and examiner The trustees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. itis my responsibility to: - e examine the accounts under section 145 of the 2011 Act; - e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2071 Act; and - « to state whether particular matters have come to my attention. ## Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement. : ## independent examiner's statement In connection with my examination, no matter has come to my attention: - 1) which gives me reasonable cause to believe that in any material respect the requirements: ¢ to keep accounting records in accordance with section 130 of the 2011 Act, and | - ® to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met, or - 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. . Satish Shah . Shah Dodhia & Co Chartered Accountants 173 Cleveland Street London W1T 6QR : 3 ARMENIAN COMMUNITY TRUST Statement of Financlal Activlties 31 March 2025 2025 Restrlcted Unrostrlct8d funds funds Total funds Total funds 2024 Note Income and endowments Investment income Donations 14,801 5.000 14,801 35.000 14,005 50,181 64,186 30.000 Total Income Actlvltles In furtherance of the charlty'5 objecls other expendilure (30.000) Total expendlture (30,000) 30,000 19,801 49,801 (1,410> (1,410) (31,410) (31,410) (82.290) (82,290> Net IncomellLoss) 18,391 18,391 (18.104) othgr recognlsed galns and108ses Galns from revaluatlon of Inveslmenls Net movèment In funds 11.095 11,095 524 29.486 29.486 {17,580) Reconclllatlon of fund8 Total funds broughl forward Total funds carrlèd lorward 393.061 393.061 410,641 393,061 422.547 422,547 The slalement of financial activities includes all gains and losses recognlsed in the year. All income and expenditure derive frorn conlinuing aclivities. Th8 note5 on pages 6 to 10 form part of these Ilnanclal statements. ARMENIAN COMMUNITY TRUST Statement of Flnanclal Position 31 March 2025 2025 2024 Flxed assets Investmenls 265,334 254,23g Current assels Cash al bank and in hand Olher Debtors io 133,899 117,213 25.273 23,418 Credltors: arnounts falllng due wlthln one year Net current assets 11 (1,959) 157,213 (1,809) 138,822 393,061 Total assets less current Ilabllltles 422,547 Not assets 422,547 393,061 Funds of Ihe charlty Unreslricled funds: Revaluallon reseNe other unrestrlcted incorne funds 253,304 169,243 242,209 150,852 393,081 Total unrestrlcted funds 422,547 Total charlty funds 12 422.547 393.061 These financlal stalemenls were approved by the board of Irustees and aulhorfsed for Issue on and are signed on behaSf of Ihe board by: Greg Vartoukian TRUSTEES Aimine Afrfklan The notes on pages 6 to 10 lom part of these flnanclal statomonts. ARMENIAN COMMUNITY TRUST Notes to the Financlal Statements Year ended 31 March 2025 Gengral Informatlon The charity Is a reglstered chaiily in England and Wales and is unincorporated. The address of the princlpal office is 25 Chenlston Gardens. LO￿lOn, W8 6TG. Statement of compllance These financial statemenls have been prepared in compliance wlth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Iieland,. the Statement of Recommended Practice applicable lo charilies preparing their accounts in accofdance with the Flnancial Reporllng Slandard appllcable In the UK and Republic of Ireland (FRS 102) (Charllles SORP (FRS 102) and the Charities Acl 2011. Accountlng pollcles Basls of proparatlon The financial statemenls have been prepared on the historical cost basls, as modlfied by the revaluatlon of certaln financlal assets and Ilabilities measured at fair value through Income or expendlture. The financial slalements are prepared in sterllng. which is the functlonal currency of the entity. Golng concern There are no materlal uncertalntles about the charilws abllily lo conllnue. Fund accounllng Unreslrlcled funds are avallable for use at the dlscretlon of the trustees lo furlher any of the charity's purposes. Designated funds are unrestrlcted funds earmarked by the Iruslee for partlcular future prolect or commilmenl. Restiicted funds are subjected lo reslriclions on their expendSlure declared by the donor or through the terms of an appeal and fall Inlo one of Iwo sub-classes.. restdcled income funds or endowment funds. Incomlng resources All Incoming resources are included In the slatemenl of financial aclivilies when enllllement has passed lo the charity,. il is probable that the economic benefits associaled with the transaction will flow to the charily and Ihe amount can be reliably measured. The followng specific policies are applied lo parllcular calegories of income: Incorne from donalions or granls is recognised when Ihere Is evldence of entitlement lo Ihe gift, receipt Is probable and ils amunl can be measured rellably. legacy income Is recog￿Sed vthen receipl is probable and enlillement15 established. income froffl donated goods is rneasuTed at the fair value of the goods unless thls Is Impraclical lo measure reliably. in which case the value is derived from the cost to the donor or Ihe estimated resale value. Donated facililies and serVI￿S are recognised in the accounls when received if the value can be reliably measured. No amounts are Included for the conlributlon of general volunteers. ARMENIAN COMMUNITY TRUST Notes to the Financial Statements {eontlnuedJ Year ended 31 March 2025 Accountlng pollcl8S (conllnued) Resourcos oxpended Expendllure is recognised on an acc(uals basis as a liability 15 incurred. Expendllure includes ariy VAT which cannot be fulty recovered. and is classified under headings of the slalemenl of Ilnanclal acllvities to which il relates: expendilure on raising funds Includes the costs of all fundraising activities, events, non- charitable Iradlng aclivilies, and the sale of donaled goods. expenditure on charitable activities Includes all costs Incurred ty a charlty undertaklng activities that further its charitable alms for the benefit of its beneficiaries, includlng Ihose support costs arKJ costs relating lo Ihe governance of Ihe charity apportloned lo char118ble acllvilies. other expenditure Includes all expenditure thal is neilher related to raising funds for the charlly nor parl of Ils expenditure on charilable aclivilies. All costs are allocaled to expendllure calegories reflecting the use of the resour￿. Oirecl costs allribulable lo a slngle acllvlty are allocated directly lo Ihat aclivlly. Shared costs are apportloned between the activllies they conlribule to on a reasonable, justifiable and consistent basis. Invèstmenls Listed Investments are measured al falr value wlh changes in falr value being recognised In Income or expenditure. Flnanclal Instrurnenls A financial asset or a financlal liabllity is recognised only when Ihe charity becornes a party to the conlraclual provisions of the inslrumenl. Baslc financial Instruments are Inllially recognised al the amount receivable or payable including any related Iransaclion costs. Current assets and current Ilabililies are subsequently measured at Ihe cash value or other conslderation expected to be paid or ieceived and not discounted. Debl Inslrumenls are subsequenlly measured al amortised cosl. Where investments In shares are publicly Iraded or their falr value can olheTwlse be measured ielSably. the investment is subsequently measured al fair value wilh changes in fair value recognised in income and expenditure. All other such Investments are subsequently measuied al cost less impaiimenl. 4. Investment Incomo Unreslrlcled Total Funds Unreslricted Total Funds Fund5 2025 Funds 2024 Income from listed invest￿EntS 14,801 14,801 14,005 14,005 ARMENIAN COMMUNITY TRUST Notes to the Financial Statements {contlnued) Year ended 31 March 2025 Donatlons Reslricled Unreslricted Total Funds Unreslricled Funds Funds 2026 Funds Tolal Funds 2024 Donallons 30,OC 5,000 35.000 50,181 50,181 The charlty recelved a donation from Grove End Housing of £30,LKIO. Other 8xpendlture Reslrlcled Unreslricted Total Funds Unreslrlctets Funds Funds 2025 Funds Total Funds 2024 Student Grants Accountancy Fee 30,000 30.000 1.410 81,000 1,290 81,000 1.290 1.470 30,000 1.410 31,410 82,290 82,290 Independent examlnatlon fe83 2025 2024 Fees payable to the independent examlner for.. Independenl examination of Ihe financial stalemenls 1,410 1,290 Trustee remunarallon and expenses No remuneralion or other benefils from employment with the charity or a related enllly were received by the trustees. ARMENIAN COMMUNITY TRUST Notes to the Financlal Statements (eonllnued) Year ended 31 March 2025 Inveslmonts Llsted Investmènts Cost or valuallon Al 1 Aprll 2024 Falr value rnovemenls 254,239 11,095 265,334 At 31 March 2025 Carrylng amounl At 31 March 2025 265,334 At 31 March 2024 254,239 All inveslments shown above are al valualion. Number of Unlts Hlgtorlcal Cost Market Value Dascrlptlon 12084 Equltles Investment Fund for ChaTltles Units 7.925 183,435 53000 M&G Dlvldend Fund Unils 2,027 28,884 33767.943 JP Morgan UK Straleglc Equlty Income Fund 12,030 265,334 10. Debtors,. amounls falllng due wlthln one year 2025 2024 Amount owed by Relaled Enlity 25,273 25,273 23,418 23,418 11. Credltors: amounts falllng due wlthln one year 2025 2024 Accruals and deferred income Other credllors 1.259 700 1,109 700 1.959 1,809 ARMENIAN COMMUNITY TRUST Notes to the Financial Statements (conllnued) Year ended 31 March 2025 12. Analysls of charitable funds Unrestrlcled funds Al 1 April 2024 Gains and At 31 March losses 2025 Income Expenditure Accumulated funds Donations Fund Revaluallon reserve 63.817 87.035 242,209 393,061 14.801 5,000 (1,410) 77,208 92,035 253.304 11,095 19.801 (1,410) 11,095 422,547 Restrlcted lunds Al 1 Aprll 2024 Gains and At 31 March losses 2025 Income Expendllure Donallons Fund 30,000 (30,000) 13. Analysls ol not assels botwogn funds Utweslrlcled Total Funds Funds 2025 Investments Cuirenl assets Credllors less than 1 year Net assots 265,334 159,172 (1,959) 422.547 265,334 159,172 (1.959) 422,547 10