Charity Reglytr3tion Plo. 1107940 Company Reglstration No. 06169164 IEngland and Wales) THE AUGER FOUNDATION I COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITALI AI4NUAL REPORT AND UNAUS)ITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 John Cumminu Ross Llmlted Charterèd C8rtlflotl Account8nt8 1st Floor, Klrkland House 11-15 Pèterborough Road Harrow Mlddlesex A12AX THE AUGER FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs N M Mehta Mrs C Mehla-Palel Mr M M Mehta Secretary Mr M M Mehta Charity number 1107940 Company number 05169164 Registered offlce Green Acres 26 Green Lane Walford Herlfordshire WD19 4NJ Independent examlner John Cumming Ros8 Lirniled Chartered Certified Ac¢ounlanls Isl Floor, Kirkland House 11-15 Pelerborough Road Harrow Middlesex HA12AX THEAUGER FOUNDATION CONTENTS Pag& Trustees, report Slalemenl of Iruslees, responsibilities Independent examiner's report Slalamenl of financial activities Balance sheet Notes lo the financial slalemenls THE AUGER FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees present their report and finanaal statements for the year ended 31 December 2023. The financial statements have been prepared in a¢¢ordance with the accounting policies sel out in note 110 the financlal slalemenls and comply with the charity's governing document, Ihe Companies Act 2006 and "Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice applicable lo charities pfftpaiing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" The charity is a Public Benefit Enlily as defined by FRS 102. Objectives and activities The charity's objectives and the principal activity for the year under review were that of relieving sickness and the financial hardship woildwide and lo advance education and other religious faiths. Th& charity is organised so that the Iruslees meet regularly lo review ils affairs. The Iruslees are also closely involved with the day lo day running Df the Charlly. Achlevements and performance The trustees consider that the performance of the charity has been salisfaclory. The trustees also feel that the Charity will continue lo develop and realise ils objective in the following year. Trustee8 are confident that they will be able lo raise funds by way of voluntary donations from well wishers of the charity. Financlal revlew During the year the ¢harlly received donations of £231.464 and Gift Aid income of £54,816 making gross income of £286,280. The charity donated £277,215 to various charitable organisation in line with objects of the ¢onslilulion of the charity. The slalemenl ol the financial activities of charity shows a surplus for the year of £7.06012022.' Deflcil of £6,607} and reserv&s of £24,54312022'. £17.4831. The Iruslees would like lo take this opportunity lo thank all the donors lor their support during the year. They are confident that donations from the well wishers will continue in the future. Reserves The present level of funding is adequate lo support the conlinualion of the objectives sel out In the charills governing document and lo cover adminislralive expenses for the follo¥Mng year. The Iruslees consider the Inancial position of the charity lo be salisfaclory. The Iruslees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in pla¢e to mitigale oxposure lo these risks. Dffl,f£ log. THEAUGERFOUNDATION TRUSTEES, REPORT ICONTINUEDI(INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDID 31 DEGEMBER 2023 glru¢luvei gov¢rnanc8 ind mHnagement Tha charlly Is a ttompany Iln)Ited by gu8ranlep wllh no 8hgrè capllal and Is a reg1816red ¢harlly wllh Ihe Charlly Commlgsk)ii l R¢gl8ler0d Numb&r 11079401. Every mambar ollhe charlty undortak08 lo Comlrlbulé 8u¢h &mounl as miy bo requlrad Inoi sxc&&dlno £101 lo thi chEirlly'll a88é1$ If11 ghould bg wound LIP whlle ho Dr yhelo a membor or wllhln one y@ar aller hb or sl)e ceasog lo ba a memb6r. lor payment ()1 tho ¢h8r51y's dgbls Iiabllll568 ¢01ilricl6d b¢fore h8 ar sh& oaa8es lo bo a mombor, and th¢ costs, Charges and expen988 olwlndlng up, and lor the 8dlu81Thionl ol Iha Ilghls ol th8 ¢onlrlbulorle3 among Ihemè&lvg$. -rhe Iru81oo8, who 8ra al80 th8 dlr¢¢lors lor Ihg purpose ol Ihe company law, and who seNed durlng th8 yaar W0r¢', Mr8 N M Mohla Mrs C MÈhia.P8101 Mr M M Mehta Th¢a Iru81609 volunlarlly provldty 8Grvlc6& lo tho charlly and no r6Munor8llon18 pald lo Ihg trugle66. Tho org8nlsaUon slrliolurè con$lÉi ol Iru8to99 only and tho ohorlly dog$ nol h4vo any èthployee8. -rh19 r8porl h&8 bocn préparod In aocordanc6 th8 provl8lon8 appllcabltt lo eoinpaniè8 enllll8d lo the $mall companl&s roglme. Th8 Iruglee8' report wa8 approved by the Boird olTru&leie. ¢ Molita.Polel Tru8lae D416d.. .Ifal,9..1,AyALfr THF,AUGER fouNDATION sTATE￿ENT OF TRUSTEES, RESPONSIBILITICS FOR THE YEAR ENDED 31 DECEIWLIER 2023 Th? Iru$leès, who artt alsn Ih(> dliEclor8 ol Th6 ALigor Found&llon lor th6 purpoae ol company law, ar@ i¢$pon8lble lor preparlny the Trusloes. Raporl arid the Ilnancidl st81&inenl8 In icttordanco wllh applICab￿ law and Unilèd lQngdom AuounUn0 Standards Iunllod Klnadom Qen6ra1tyA￿6pIed A¢'oounllnG Pracllcal. Company law requlr88 Ihd Iru8le88 to prepar6 finamclal gtaltménls l¢r e&eh Ilnand41 yoar whleh glv& a Iiu¢ ￿d1@Fr vkgw of th6 stsle ol affairs of the charlly and 01 Ihe Ii)comliill reaource8 and appllcallon of re$ouire8, Inoludlnu the Incomo and expandllurè. ol Ihe chaHlabl¥ company for that yèar. In pi6piilw these Ilnanclal slal•mon18, tho Iru&1¢88 ara r8qiilr8d lo,, 401&018ullab16 acoounllng pollc168 @nd than fipp￿ Ihèm ctsn81slenlly'. obtseNe thè melhodB and prlnelplp5 In th& Char11188 SORP, make ludgem8Mls and 9811m410$ Ihal 8r8 rga80nabl? and prudehl,. and prepa￿ Ihp Ilnanclal 81&1om&nl8 OM tha goi1￿ ¢oncoin b&sl8 unle$a1116 Inapproprlg10 lo pro6ume Ihsl Ih(+ charlly 11 GonllnLie In opsrallon. Tho Iruatee& a￿ Ip8pon8lblp lor kèèplTho •dgquale aucounllng rooorda Ihsl d18¢1oBe wllh rea8on&blè 4ccurdcy 81 any tlin& the Ilnfindal po8illon ol Iho ¢h8rlly and onKibl¢ Ihoin lo ensur& that thg Ilnanolal 8IAlemon18 comply wllh Ihg Comp&nlo8 Act 2006. They aro also re8poM81blo for sa1ggu&rdlnsi the &sse18 01 the cl)arlly and henoo for laklng r£a$on*blo $1oP8 tor tho pr¢voniion and dèlecllon ol Iraud gnd other Irregularlllg8, On bohAlf ol th• ￿4rd of Iru81008 Mrs L, Moiita.Pat¢l Triis19e THE AUGER FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AUGER FOUNDATION I report to the trustees (who are also Directors for the purpose of company lawl on my oxaminalion of the financial slalemenls of The Auger Foundation I'lhe charitable CDmpany'l for the year ended 31 December 2023 which comprise the Slalernenl of Financial Aclivilies. the Balance Sheet and related notes. This report is made solely lo the charity's Iruslees, as a body, in a¢cordan¢e with section 145 of the Charities Act 2011. My work has been undertaken so that I might slate lo the charity's Iruslees those mallers l am required ID siale lo them in this rgporl and for no other purpose. To the lullesl exlenl permilled by law, I do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for my work. lor this report, or for the opnions I have formed. Responslbllltles and basls of report As the Iruslees of charitable company you are responsible for the preparalbon of the financial statements in accordance with the requirements Df the Companies Acl 20061'lhe 2006 A¢l'l. Having satisfied myself that the financia5 slalemenls of the charitable company are not required to be audited under Part 16 of the Act and are eligible lor independent examination, I report in ￿SpeCt of my examination of the charitable company's financial slalemenls carried out under section 145 01 the Charities Act 2011 Ilhe 2011 Acl'l and in carrying out my examination I have followed all the applicable Diroctions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no material mallers have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting recorLls were not kept in respect ol the charitable company as required by section 386 of the 2006 Act.. or the financial slalemenls do not accord with those records., or the financial slalemenls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial slalemenls giv& a 'lrue and fair view which is not a matter considered as part of an independonl examination., or the financial stslemenls have not been prepared in accordance with the methods and piinciples of the Slalemenl of Recommended Practice for accounting and reporting by ¢harilies applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come aeross no other matters in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the financial slalemenls lo be reached Unarkel FCCA Chartered Certified Accountants John Cumming Ross Limited 1st Floor, Kirkland House 11-15 Pelerborough Road Harrow Middlesex HA12AX THE AUGER FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEIWBER 2023 2023 2022 Unrestricted funds Notes co den Donations and voluntary ¢onlribulions Investments Gift aid income 231.464 193.087 13 42,897 54,816 Total Income and endowments 286,280 235,997 endlt Charitable a¢livilies.' Donations 277,215 240,829 Management & Adminislralive expenses 2,005 1,775 Totsl resources expended 279,220 242,604 Net incomellexpendlturel for the year Fund balances al 1 January 2023 7,060 17.483 16,607} 24.090 Fund balances at 31 December 2023 24.543 17,483 The slalemenl of financial activities also complies with tho requirements for an income and expenditure account under the Companies Act 2006. THE AUGER FOIJNDATION BALANCE SHEET AS AT 31 DECEIWEJER 2023 2023 2022 Notes Curi'6nl aaBoI8 Debtor¥ Cash al bank and In h#nd 6,000 21,ll18 10,9S3 26,013 18.983 Cr8dltor8,' amounts follliig duo wlthln ono yoa 11,410? 11.4701 Nel ourienl 895018 24,543 17,483 In¢oine fLind8 Unroslrlcled lund6 24,043 17,483 24,543 17,48S The oompaiiy18 0nllll8d lo1110 exempllon from the audll roqulr6Menl conlalned In 8¢¢tlon 477 olthe Componle$ Act 2006, for tha y&ar endod 31 Dèc8mbèr 2023, No membEJf uf ￿1$ oomp8ny hats depo6lt¢d & noll¢fj. pur$uanl lo 6¢cllon 476, roqulrlng an 8urJll ol1I1eg$ Ilnanclal alalemanl8. I'ho Iru61èo8 ad¢novA6dge Ilielr reBpon¥1bllli1eb l¢r 6118iirlnu that tha ¢hJrlly koep$ ae¢oiinllng rouord¥ whlth comply wlth geollon 3ee ol thè Act ond for prèpoilng aLeounl8 whlcli ulva 8 ts'uo 8r)d Islr vlew ol tho 81ale ol aifaliB ol Ili& Company d8 81 th$ 4nd ol the ￿man¢1￿1 year and 01118 In¢omlng ie¥ouroeg and opplicallon ol rf)80ur¢¢8, SndLidlng116 incomé #nd ?xpèndllure, for tho Ilngncial yOAr In oewrdanco wllh Ihg requlfemonls of 8èollon8 894 396 and vmlch olhertyl&o comply wllh ltto reqiilromenl8 ol the Companl&e A¢1 2006 relallng lo a¢¢ounl$, so far a¥ appllo8bl6 lo iha ¢ompÈ)ny, Ttrig$e IlnRnolol slalomthnl¥ havo boen prepared In &c¢ordonc8 ￿th th9 prov181on$ appllcable lo ¢ompanleJ 8Libl&ol lo th& 8mall eompanlog, r&glmo, Thv flnanclal ètalomgntswor¢ approved hy tha Tru81ees on.,l.p..l.q..1.2o.L* Mrè C Mohla-Palol Trustog Gompany ReÉ18114tlDn No, 06169164 THE AUGER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies 1.1 Accountlng conventlon These financial slalemenls have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1, Accounting and Reporting by Charities the Statement of Recornmended Practice for charities applylng FRS 102, the Companies Act 2006 and UK Generally Acopled Accounting Practice. The charity is a Public Benefit Enlily as defined by FRS 102. The financial slalemenls have b￿n prepared under the historical cost convention. 1.2 Going concern Al the lime of approv1ng the financial slalemenls, the Irusl&&s have a reasonable expeclatlDn that th& ¢harily has adequate iesources lo continue operational existence, as well as receiving continued donations trom well Wlshers. Thus the Iruslees. continue lo adopt the going concern basis of accounting in preparing the financial slalemenls. 1.3 Charitable funds Unreslricled funds are available for use al the discretion of the trustees in furtherance of the charity's objectives. 1.4 Incoming resource5 Income is re¢ognised when the charity is legally enlilled lo It after any performance conditions have been met. the amounts can be measured reliably, and il is probable that income will be received. The donations are rec￿niSed once the charity has been nolrfied of the dorialion. unless perfomiance conditions require deferral of the amount. Incorne lax r&coverable in relation lo donations received under Gift Aid or deeds ol covenant is recognised at the lime of the donation. 1.5 Resources expended Any costs which cannot be specifically identified lo another functional activity of the charity are included in the management and adminislralive expenses. 1.6 Cash and cash aqulvalents Cash and cash equivalents include cash al bank. 1.7 Flnanclal Instruments The charlty has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Sect1on 12 'Olher Financial Instruments Issues. of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions ol the inslrumenl. Financial assets and liabilities are offset, with the nel amounts presented in the financial slaternenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and sellle the liabi1ily simultaneously. Bas1¢ flnanclal liabilities Expense creditors are obligations lo pay for ServI￿S Ihal have been acquired in the ordinary course ol operations from service providers. 1.8 Taxation No corporation lax has be6n provided in these a¢counls. The Iruslees believe that the income and gains ol the charity are exempl. THE AUGER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Crltlcal accountlng estlmates and judgements In the application ol the charity's accounling Policies, the Iruslees are required lo make judgernenls, and assumptions about the carrying amount of a55els and liabilities that are not readily apparent from other sources. The assumptions are based Dn historical experience and other factors that are considered lo be relevant. Investments 2023 2022 Interest re¢eivable Trustees None of the Iruslees lor any persons connected with theml received any remuneration or benefits from the ¢h8rily during the year. Employees There were no employees during the year. Management & Admlnlstrative expenses Total 2023 Total 2022 Legal and professional fes A¢¢ounlancy fees Under provision of accDunlan¢y fee8 Bank charges Sundry expeneses 236 1,470 1,470 120 150 35 195 104 2.005 1,775 Debtors 2023 2022 Amounts falllng due wlthln one year.. Prepayments and ac¢rued Sncome 5.000 Creditors.. amounts falllng due wlthln one year 2023 2022 Ac¢ruals and deferred income 1,470 1,470 THEAUGER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEIWBER 2023 Analysis of net assets between funds Total Fund balances al 31 December 2023 are represented by.. Cash al bank Prepayments Provisions 21,013 5,000 11,4701 24,543 2023 2022 SurplusllDefiall for the finanaal year 7,060 16,6071 Opening lunds 17.483 24,090 24,543 17.483 10 Related party transactions Transactlons wlth related partles During the year, Mrs N M Mehta, Iruslee, donated £19,000 12022- £8,000) lo the charity wilhoul any conditions attached lo the donation.