The Aimar Foundation {Company number'.05562679} (Charity number'.1111634} The Aimar Foundation Report and Accounts 30 September 2020 The Aimar Foundation (Company number:05562679) Report and accounts Contents Page Legal and adminislralive information Balance sheet The Aimar Foundation (Company number:05562679) Legal and administrative information for the year ended 30 September 2020 Directoryts The directors of the company I'the charity l are its trustees for the purposes of the Charities Act 2011 and throughout this report are collectively referred to as its Iruslees. The trustees serving during the year were as follows'.- Simon Clark Guy Glass Thomas Mosimann Registered office The Aimar Foundation 71 Walton Street London SW3 2HT Registered number 05562679 The Aimar Foundation (Company number'.OS5626791 Balance Sheet as at 30 Sèptember 2020 Notes 2020 2019 Fixed assets Intangible assets Tangible 85sets Investments 676 1,144 676 1,144 Current assets Cash at bank and in hand 85.262 48,833 Creditors.. amounts falling due wlthln one year 130,8331 112,8561 Net C￿r￿nt a$set$ 54,429 37,121 Nèt ass•ts 55.105 38,265 Total fund8 Unrestricted funds 55,105 37,121 55.105 37,121 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in acctsrdance wth Section 476 of the Companies Act 2006. Th8 dir8ct015 scknovA8dg8 th8ir r8sponsibilty for". il Ensuring the comp8ny k8eps accounting records which comply with Section 386 and 387 of the Companies Act 2006", and ill Preparing accounts which give 8 true and fair view ol the state of affairs of the company as at the end of each financial year and of its profit and Ioss for each financial year In accordance with the ￿quirementS ol Sections 394 and 395 and which otherwise comply with th8 r8quiiem8nts of th8 Companie5 Act 2D06 r81ating to finana81 statem8nt5, $0 far as applicable to the company. The financial statements have been prepared in accordance wth the special provisions ol Part 15 of the Companies Act 2006 relating to small companies and with the Charities Statement of Recommended Practi￿ ISORPI applicable to charities preparing their accounts in accordan￿ with FRS 102. The Board has e￿¢ted not to indude the profit and loss. T Mosimann Trust88 Approved on behalf of the trustees and signed on their behalf on Nov4, 2020 The Aimar Foundation (Company number:05562679) ststement of Financial Activities for the year ended 30 September 2020 Unrestrlcted funds 2020 Unrestrlcted funds 2019 Notes Incoming resources Donations and gifts 88,000 59,500 Total incoming resources 88,000 59,500 Resources expended Direct charitable expenditure 170,0171 160,1711 Total resources expended 170,0171 160,1711 Net movement in funds Fund balances brought forward 17,983 37,122 16711 37,792 Retsined fund balances 55,105 37,121 Al amounts relate to continuing activities. The notes on pages 4 to 6 form part of these financial slatemenls. The Aimar Foundation (Company nurnber:055626791 Notes to the Accounts for the year ended 30 September 2020 1 Accountlng pollcles The financial slalements have been repared under the historical cost convention and accordance with the comp.anies Act 2086 and the Charities Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts In accordance with FRS 102. Depreciation Depreciation is charged on a three year straight line basis. Incoming Resources Income is received by way of donations and gifts and from fundraising events. Income is recognised when received. Resources expended Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. When applicable, expenditure has been directly attributed to specific a¢tivf(ies. Fund accounting Funds held by the charity are all unrestricted general funds which Can be used in accordance with the charitable objects al the discretion of the Iruslees. The fund does not have any Designated or Restricted funds. Taxation As a registered charity, The Aimar Foundation is general￿ exempl from taxation. Forwgn ¢urren¢ies Transactions in forei Monetary assets an n currencies are recorded al the rale ruling al the dale of the Iransaclion. iabililies denominated in foreign currencies are translated at the rale of exchange ruling al the balance sheet dale. All differen￿$ are taken lo the profit and loss account. 2 Donations and gifts Total Funds Total Funds Unrestricted Unrestricted 2020 2019 Donations 88,000 59,500 88,000 59,500 The Aimar Foundation (Company nurnber:055626791 Notes to the Accounts for the year ended 30 September 2020 3 Direct charitable expenditure Total Funds Total Funds Unrestricted Unrestricted 2020 2019 Costs of activities in furtheran￿ of the objects of the charity.. Administration costs.. Wages and salaries Employerfs Nl Computer and Internet Expenses Depreciation Sundry expenses Professional Fees Accountancy fees Consultancy fees Advertising and PR 20,000 2,356 19,885 468 1,991 988 2,138 22,191 27,667 260 809 988 5,549 24,898 70,017 60,171 4 Trustees remuneration and expenses reimbursed S Taxation 6 Tangible fixed assets Land and buildings Offlce Equipment Motor vehicles Total Cost At 1 Ocolober 2019 Addrtions Surplus on revaluation Disposals At 30 September 2020 1.404 1,404 1,404 1,404 Depreciation At 1 Ocotober 2019 Charge for the year Surplus on revaluation On disposals At 30 September 2020 260 468 260 468 728 728 Net book value At 30 September 2020 876 676 7 Creditors.. amounts falling due within one year 2020 2019 The Aimar Foundation (Company nurnber:055626791 Notes to the Accounts for the year ended 30 September 2020 Trade creditors Accrual Other taxes and social security costs Other creditors 677 7,800 7,375 14,981 30,833 4,404 7,800 652 12.856 8 Retained fund balances Total Funds Total Funds Unrestrlcted Unrestrlcted 2020 2019 At 1 October Deficit for the year At 30 September 37,122 17,983 55,105 37,792 16711 37,121 9 Voluntary assistance and staff remuneration In addition to the amounts included in the accounts, the charity re￿iVeS assistance from volunteers. This contribution is not included in the accounts. ## **TRUSTEES REPORT 2020** I am very pleased to report that the Aimar Foundation has had another highly productive year in 2020. In total, we raised £88,000 (2019: 59,500) which was another great year for fundraising. Once again, the Foundation provided innovative technology solutions to Crisis at Christmas, the Shannon Trust, NASA in Newham, and the SS Robin. As usual, the Foundation provided all of the technology solutions for the Crisis at Christmas project. Simon James, our senior project manager and Chris Riley, our technology architect continue to do an amazing job leading the annual effort. Each year we focus on adding innovative technology to the Crisis solution and continue to streamline the activities and work required for a successful project. This continues to be the main initiative of the year and is the cornerstone of our volunteering and fundraising efforts. The solution will be very different this year given the impact of the Coronavirus pandemic. Our goal continues to be to leverage all of the knowledge learned, volunteer awareness, and community support to help smaller charitable organizations throughout London. The cost to the foundation to deliver these services was £70,017 an increase from last £60,171. The increase was mostly due to employer and consultant costs. Total profit for the year was £17,983 versus a loss of £671 the previous year. Simon Clark our CEO continues to do an outstanding job developing and building our strong volunteer network. Our volunteer network continues to expand significantly and extends to a number of Financial Services Firms and other institutions in the City. Building on the partnership with Morgan Stanley and winning the social responsibility category at the FSTech awards, the Foundation continues to attract a strong pipeline of es. We are very confident that in 2021 we will continue to build on our successes. We are differences through technology in the Charities that we support. Yours Faithfully, Thomas Mosimann Chairman Registered in England and Wales No 5562679. Registered office at 71 Walton Street, London SW3 2HT. Registered Charity Number 1111634. www.aimarfoundation.org The Aimar Foundation (Company number:05562679) Report of the independent examiner Repart of the Independent examlner to the t￿￿tee5 of The ￿Mar Foundatlon on pages 1 to 2. you to fvlfil your statLrtory resp)rtsibilities. from the ￿￿nIing records and inforniation and eX￿anatI(￿ Suppl￿ to us. Resp￿5)bilitIeS of the trustees 8rbJ exami As the ChariWs trustees I￿0 are also the dire(kns of the cc¥npany Icf the purposes of company law} you are responsible for the preparatson of thè accounts: you considgr that an audit is not required for this year under se￿1￿ 14412) of the Charrtie5 Act 2011 and that an independant examination is ne8ded. 88818 of ndepeThJerrt 8xamirne$ repr An examinat1￿ indudes a rthryew c4 the accounting records kept by Ihe Chwity arHI a comparbx of the accounts presented smth those records. ft also i￿ludeS ct)nsider8tKJn of any unusual items IN disclosure in the accounts. and seekmg exFlanatscffts from you as TnJ8te8s concemiThJ any sith matters. The prctedures urKlertaken do not provKle all the evKJerte that be required in an audrt. arKI consequenty I do not express an autht ot4ni(x) ¢)n thfr vthv gfvan by the accounts. Independent examlnefs st*eme In conneclion with my examination, no matter has c4)me lo my attentlon". 1. bthich gwes m8 reasonabte cause to believe that matsrial respoct tho requiremwts: . lo keep accounbThJ records and . to prepare accounts which ar￿ ￿1th the accamlirKJ records ave not been met". or accounts to bè reache(i. Andrea Cole ACA Chartered Accwntant Oculus ACI)￿n￿[￿Y 83 VirAorta Street Victoria London SW1 H OHW Date Q 4 111 Zo20