## THE AURUM CHARITABLE TRUST
## **Trustees’ Report**
## **and Financial Statements**
For the year ended 31 May 2025
**Registered Charity Number 1121227**
## **THE AURUM CHARITABLE TRUST**
## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **INDEX**
||**Page**|
|---|---|
|Reference and administrative details|1|
|Trustees’ report|2|
|Independent Auditor’s report|5|
|Statement of financial activities|8|
|Balance sheet|9|
|Statement of cash flows|10|
|Accounting policies|11|
|Notes to the financial statements|13|
**THE AURUM CHARITABLE TRUST** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
Mrs E Jack Mr R Jack Mr A Mitchell
## **Principal office**
Springfield Rookery Hill Ashtead Surrey KT21 1HY
**Charity registered number** 1121227
**Independent Auditor** Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
## **Solicitor**
TLT Solicitors One Redcliffe Street Bristol BS1 6TP
## **Banker**
Coutts & Co 440 The Strand London WC2R 0QS
**Page 1**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **THE AURUM CHARITABLE TRUST**
## **TRUSTEES’ REPORT**
The Trustees present their report and the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
## **Structure, governance and management**
The Aurum Charitable Trust is a registered charity constituted under a Declaration of Trust dated 20 September 2007 and is registered with the Charity Commission (no. 1121227). The trust was established with an initial gift from Roderick and Elizabeth Jack who have continued to make gifts to the charity.
It is controlled by a board of trustees who manage all aspects of the trust’s affairs and in whom vests the power to appoint new trustees. The trustees aim to meet at a minimum twice a year.
Any new trustee will receive a comprehensive induction to the charity and will receive materials to allow them to understand the charitable purposes, the financial position and current issues of the charity.
The day-to-day management and operations of the charity have been vested in one of the trustees who has experience of grant-making. There are no personnel employed by the charity.
The only related parties are the trustees. Details of the related party transactions are given in the notes to the accounts.
The trustees have assessed the major risks to which the charity is exposed, including those relating to its investments and finances, and they have established effective systems to mitigate those risks.
## **Objectives and activities**
The charity’s objects are to further such objects or purposes which are exclusively charitable according to the law of England and Wales in any part of the world and in such manner as the trustees may in their absolute discretion think fit.
This may include support to registered charities and other non-profit making bodies.
In considering how best to achieve these objectives the trustees have had regard to the guidance on public benefit issued by the Charity Commission and, in their opinion, the charity’s activities are wholly for the benefit of the public.
In furtherance of its objectives, the charity makes grants to a number of charitable organisations and bodies. In the opinion of the trustees, by making grants to charitable organisations which are themselves for the benefit of the public, the charity fulfils its obligation to deliver public benefit in furtherance of its objectives.
## **Grant-making policy**
With very few expectations, the trust’s geographic focus is the United Kingdom. The trustees have implemented a strategic approach to their grant-making, with a current focus on the criminal justice system, the environment and the arts.
The trust takes a proactive approach to identifying organisations for funding and is unable to consider unsolicited applications. Before considering grants, the trustees carefully research and identify suitable candidate charities. Prior to any formal decision, the trustees will meet with management. Grants are usually made on an unrestricted basis. Any that are awarded for multiple years are only payable subject to receiving satisfactory reports on the prior year. The charity may provide repeat funding to existing grantees at the discretion of the trustees subject to on-going monitoring and review.
The trustees retain an advisor on an annual basis to assist with the identification of potential grant recipients, due diligence and on-going monitoring.
**Page 2**
**THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **TRUSTEES’ REPORT**
## **Fundraising standards information**
The charity does not actively raise funds from the general public, with its activities supported by income generated from its investments and further donations by the settlor trustees.
## **Achievements and performance**
During the year under review the charity made 41 (2024: 41) grant payments to charitable causes totalling £1,190,500 (2024: £1,268,608) as set out in note 11 to the financial statements. It had outstanding commitments at the year-end for future payments of £865,500 (2024: £242,500).
Over the period, the charity awarded 35 (2024: 32) new grants totalling £1,813,500 (2024: £1,035,108).
The trustees are satisfied that the nature and scope of grants made fully reflect the purposes of the charity and that the objectives for which it was created continue to be achieved.
## **Financial review**
Expenditure totalled £1,847,100 (2024: £1,098,183) including £1,813,500 (2024: £1,035,108) of new grants to beneficiaries. Total incoming resources for the year ended 31 May 2025 was £1,847,100 (2024: £1,098,183) consisting of investment income of £161,395 (2024: £214,827) and transfers from the endowment fund of £1,685,705 (2024: £883,356).
The trustees’ policy on reserves is to seek to distribute or commit the income arising in each financial year. Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time.
At 31 May 2025 the charity’s free reserves were £nil (2024: £nil). The nil balances at the balance sheet dates is the result of the timing of expenditure recognition and the transfer of funds from endowment to unrestricted funds.
## **Plans for future periods**
The charity will continue to provide grants to charitable organisations in furtherance of its objectives as and when appropriate beneficiaries are identified.
## **Statement of trustees’ responsibilities**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**Page 3**
## **THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **TRUSTEES’ REPORT**
## **Appointment of independent auditor**
During the year under review the charity exceeded the audit threshold and appointed Blue Spire Limited as auditor to the charity. Blue Spire Limited have expressed their willingness to be reappointed as auditor should the charity remain over the audit threshold.
Approved by the trustees and signed on their behalf.
Elizabeth Jack Trustee Date[12 December 2025]
**Page 4**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **THE AURUM CHARITABLE TRUST**
## **INDEPENDENT AUDITOR’S REPORT**
## **Independent Auditor’s Report to the Trustees of The Aurum Charitable Trust**
## **Opinion**
We have audited the financial statements of The Aurum Charitable Trust (the ‘charity’) for the year ended 31 May 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
## In our opinion the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31 May 2025, and of its incoming resources and application of resources, for the period then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
**Page 5**
**THE AURUM CHARITABLE TRUST** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **INDEPENDENT AUDITOR’S REPORT**
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Based on our understanding of the Charity and the sector in which it operates, we identified that the principal laws and regulations that directly affect the financial statements to be the Charities Act 2011. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. As an investment funded grantmaker there is a limitation to areas most likely to have such an effect with compliance with charity law the only area. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.
Audit procedures performed by the engagement team included:
- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- Reading minutes of meeting of those charged with governance
- Challenging assumptions made by management in their significant accounting estimates in particular those relating to provisions.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
- A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilitiesfor This description forms part of our auditor’s report.
**Page 6**
**THE AURUM CHARITABLE TRUST** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **INDEPENDENT AUDITOR’S REPORT**
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
BlueSure hiimited Blue Spire Limited, Statutory Auditor _Date_ 17 December 2025
Cawley Priory South Pallant Chichester West Sussex PO19 1SY
_Blue Spire Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006._
**Page 7**
## **THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **STATEMENT OF FINANCIAL ACTIVITIES**
|**Note**
**INCOME AND ENDOWMENTS FROM:**
Investments
**1**
**Total**
**EXPENDITURE ON:**
Charitable activities
**2**
**Total**
Net gains/(losses) on investments
**6**
**Net income/(expenditure)**
**Transfers between funds**
**10**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**10**
**Total funds carried forward**
**10**|**Unrestricted**
**Funds**
**£**
161,395
161,395
1,847,100
1,847,100
-
(1,685,705)
1,685,705
-
-
-|**Endowment**
**Funds**
**£**
-
-
-
-
39,850
39,850
(1,685,705)
(1,645,855)
5,976,909
4,331,054|**31 May 2025**
**Total**
**Funds**
**£**
161,395
161,395
1,847,100
1,847,100
39,850
(1,645,855)
-
(1,645,855)
5,976,909
4,331,054|**31 May 2024**
**Total**
**Funds**
**£**
214,827|
|---|---|---|---|---|
|||||214,827|
|||||1,098,183|
|||||1,098,183|
|||||(69,213)|
|||||(952,569)
-|
|||||(952,569)
6,929,478|
|||||5,976,909|
None of the charity's activities were acquired or discontinued during the above two financial years.
The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.
**Page 8**
## **THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **BALANCE SHEET AS AT 31 MAY 2025**
|||**31 May 2025**|**31 May 2025**|**31 May 2024**|**31 May 2024**|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|**£**|**£**|
|**FIXED ASSETS**||||||
|Investments|**6**||2,113,862||2,010,712|
|**CURRENT ASSETS**||||||
|Debtor - Accrued Income||5,281||2,261||
|Cash at hand and in bank||3,079,511||4,208,536||
|**Total current assets**||3,084,792||4,210,797||
|**CURRENT LIABILITIES**||||||
|Creditors: amounts falling due within one year|**7**|615,100||244,600||
|**Net current assets/(liabilities)**|||2,469,692||3,966,197|
|**Total assets less current liabilities**|||4,583,554||5,976,909|
|Creditors: amounts falling due after more than one year|**8**||(252,500)||-|
|**Total assets/(liabilities)**|||4,331,054||5,976,909|
|**THE FUNDS OF THE CHARITY**||||||
|**Expendable endowment funds**|**10**||4,331,054||5,976,909|
|**Unrestricted funds**|**10**||-||-|
|**Total charity funds**|||4,331,054||5,976,909|
The notes on pages 13 to 18 form part of the financial statements.
12 December 2025 The financial statements on pages 8 to 18 we approved and authorised for issue by the trustees on ……………………………………. and signed on their behalf by:
………………………………………… Trustee
Elizabeth Jack
**Page 9**
## **THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **STATEMENT OF CASH FLOWS**
|**Note**
**Net cash flow from operating activities (see below)**
**Cash flow from investing activities**
Investment income
Proceeds on sale of investments
Purchase of investments
**Net cash flow from investing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at 1 June 2024**
**Cash and cash equivalents at 31 May 2025**
**Cash and cash equivalents consist of:**
Cash at bank and in hand
**Cash and cash equivalents at 31 May 2025**
**Reconciliation of net income to net cash flow from operating activities**
Net income
Adjusted for:
Investment income
(Gains)/Losses on investments
Increase/(decrease) in creditors
(Increase)/decrease in debtors|**£**
**£**
(1,227,120)
161,395
-
(63,300)
98,095
(1,129,025)
4,208,536
3,079,511
3,079,511
3,079,511
**£**
**£**
(1,645,855)
(161,395)
(39,850)
623,000
(3,020)
418,735
(1,227,120)
**31 May 2025**
**31 May 2025**|**£**
**£**
(1,330,557)
214,827
351
(49,507)
165,671
(1,164,886)
5,373,422
4,208,536
4,208,536
4,208,536
**£**
**£**
(952,569)
(214,827)
69,213
(233,200)
826
(377,988)
(1,330,557)
**31 May 2024**
**31 May 2024**|**£**
**£**
(1,330,557)
214,827
351
(49,507)
165,671
(1,164,886)
5,373,422
4,208,536
4,208,536
4,208,536
**£**
**£**
(952,569)
(214,827)
69,213
(233,200)
826
(377,988)
(1,330,557)
**31 May 2024**
**31 May 2024**|
|---|---|---|---|
||||(1,330,557)|
**Page 10**
**THE AURUM CHARITABLE TRUST** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **ACCOUNTING POLICIES**
## **General information, scope and basis of the financial statements**
The Aurum Charitable Trust is an unincorporated charity constituted under a deed of settlement. The address of the principal office is given in the reference and administrative details section and the nature of the charity’s operations and principal activities are given in the trustees' report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## _Reclassification_
In preparing the financial statements for the year to 31 May 2022 the interest paid on foreign currency holding has been reclassified as an element of expenditure rather than as negative income as it was reported previously.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:
● Charitable activities; these include grants to third parties and the costs of administering the charity inclusive of governance costs
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.
## **VAT**
The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA.
## **Taxation**
The charity is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the charity's activities.
## **Investments**
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Where investments are denominated in currencies other than Sterling, transactions are translated at the rate prevailing at the date of the transaction and year end values are calculated using the exchange rate prevailing at the year end.
**Page 11**
**THE AURUM CHARITABLE TRUST** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **ACCOUNTING POLICIES**
## **Debtors receivable and creditors payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Cash and cash equivalents**
Cash and cash equivalents includes cash at bank and in hand and cash balances held within the interest-bearing cash deposits.
## **Fund accounting**
Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
**Page 12**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **THE AURUM CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1. Investment income**
|From investments & cash balances
**2. Charitable activities**
Grants to institutions (see note 11)
Forex losses
Consultancy costs
Governance costs (see note 3)
**3. Governance Costs**
Auditor's remuneration
**4. Independent auditors fees**
Auditor's remuneration - audit|**Unrestricted**
**Funds**
**£**
161,395
161,395
**Unrestricted**
**Funds**
**£**
1,813,500
-
31,500
2,100
1,847,100
**Unrestricted**
**Funds**
**£**
2,100
2,100
**Unrestricted**
**Funds**
**£**
2,100|**Endowment**
**Funds**
**£**
-
-
**Endowment**
**Funds**
**£**
-
-
-
-
-
**Endowment**
**Funds**
**£**
-
-
**Endowment**
**Funds**
**£**
-|**31 May 2025**
**Total**
**Funds**
**£**
161,395
161,395
**31 May 2025**
**Total**
**Funds**
**£**
1,813,500
-
31,500
2,100
1,847,100
**31 May 2025**
**Total**
**Funds**
**£**
2,100
2,100
**31 May 2025**
**Total**
**Funds**
**£**
2,100|**Unrestricted**
**Funds**
**£**
214,827
214,827
**Unrestricted**
**Funds**
**£**
1,035,108
-
60,975
2,100
1,098,183
**Unrestricted**
**Funds**
**£**
2,100
2,100
**Unrestricted**
**Funds**
**£**
2,100|**Endowment**
**Funds**
**£**
-
-
**Endowment**
**Funds**
**£**
-
-
-
-
-
**Endowment**
**Funds**
**£**
-
-
**Endowment**
**Funds**
**£**
-|**31 May 2024**
**Total**
**Funds**
**£**
214,827|
|---|---|---|---|---|---|---|
|||||||214,827|
|||||||**31 May 2024**
**Total**
**Funds**
**£**
1,035,108
-
60,975
2,100|
|||||||1,098,183|
|||||||**31 May 2024**
**Total**
**Funds**
**£**
2,100|
|||||||2,100|
|||||||**31 May 2024**
**Total**
**Funds**
**£**
2,100|
## **5. Related party transactions**
The charity has no employees, all administration being carried out by the trustees.
Other than the fees noted above, no remuneration was paid nor expenses reimbursed to trustees in the year under review.
**Page 13**
## **THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **NOTES TO THE FINANCIAL STATEMENTS**
## **6. Fixed asset investments - Listed**
|Brought forward
Additions
Disposals at proceeds
Change in market value
Gains/(losses) on investments
**7. Creditors: amounts falling due within one year**
Accruals - Independent auditor's remuneration
Accruals - grant creditors (see note 11)|**31 May 2025**
**£**
2,010,712
63,300
-
39,850
2,113,862
39,850
39,850
**31 May 2025**
**Total**
**Funds**
**£**
2,100
613,000
615,100|**31 May 2024**
**£**
2,030,769
49,507
(351)
(69,213)|
|---|---|---|
|||2,010,712|
|||(69,213)|
|||(69,213)|
|||**31 May 2024**
**Total**
**Funds**
**£**
2,100
242,500|
|||244,600|
## **8. Creditors: amounts falling after more than one year**
|**8. Creditors: amounts falling after more than one year**|||
|---|---|---|
|Accruals - grant creditors (see note 11)|**31 May 2025**
**Total**
**Funds**
**£**
252,500
252,500|**31 May 2024**
**Total**
**Funds**
**£**
-|
|||-|
## **9. Analysis of net assets between funds**
|Fixed assets
Current assets
Current liabilities
Non current liabilities|**Unrestricted**
**Funds**
**£**
-
867,600
(615,100)
(252,500)
-|**Endowment**
**Funds**
**£**
2,113,862
2,217,192
-
-
4,331,054|**31 May 2025**
**Total**
**Funds**
**£**
2,113,862
3,084,792
(615,100)
(252,500)
4,331,054|**Unrestricted**
**Funds**
**£**
-
244,600
(244,600)
-
-|**Endowment**
**Funds**
**£**
2,010,712
3,966,197
-
-
5,976,909|**31 May 2024**
**Total**
**Funds**
**£**
2,010,712
4,210,797
(244,600)
-|
|---|---|---|---|---|---|---|
|||||||5,976,909|
**Page 14**
## **THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **NOTES TO THE FINANCIAL STATEMENTS**
|**10. Net movement in funds**
Endowment funds
Unrestricted funds
Endowment funds
Unrestricted funds|||**Year ended 31 May 2025**|**Year ended 31 May 2025**|||
|---|---|---|---|---|---|---|
||**Total funds**
**brought**
**forward**
**£**
5,976,909
-
5,976,909|**Total**
**incoming**
**resources**
**£**
-
161,395
161,395|**Total**
**Net gains/**
**resources**
**(losses) on**
**expended**
**investments**
**£**
**£**
-
39,850
(1,847,100)
-
(1,847,100)
39,850
**Year ended 31 May 2024**||**Transfers**
**between**
**funds**
**£**
(1,685,705)
1,685,705
-|**Total funds**
**carried**
**forward**
**£**
4,331,054
-|
|||||||4,331,054|
||||||||
||**Total funds**
**brought**
**forward**
**£**
6,929,478
-
6,929,478|**Total**
**incoming**
**resources**
**£**
-
214,827
214,827|**Total**
**resources**
**expended**
**£**
-
(1,098,183)
(1,098,183)|**Net gains/**
**(losses) on**
**investments**
**£**
(69,213)
-
(69,213)|**Transfers**
**between**
**funds**
**£**
(883,356)
883,356
-|**Total funds**
**carried**
**forward**
**£**
5,976,909
-|
|||||||5,976,909|
**Page 15**
## **THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **NOTES TO THE FINANCIAL STATEMENTS**
|**11. Grant creditor reconciliation**
**Recipient - England and Wales unless noted**
_Criminal Justice_
Anawim
Clinks
Food Behind Bars
Hope Street Hampshire
LandWorks
Spark Inside
Standout
Switchback
The Centre for Justice Innovation
University of Plymouth
_Environment_
City to Sea
Fauna & Flora International
River Action UK
Soil Association
University of Cambridge
_Arts_
Bearface Theatre
Changing Tunes
Finding Rhythms
Fine Cell Work
Good Chance Theatre
Goodwood Arts Foundation
Ice and Fire Theatre Company
Kazzum Arts
Liberty Choir UK
Prison Radio Association
Storybook Dads
The Flying Seagull Project
The Old Vic Theatre
The National Theatre
The Royal Ballet School
Untold
Victoria & Albert Museum
_Migration_
Greater Manchester Immigration Aid Unit (GMIAU)
Praxis
Refugee Action
Refugee Council
Refugee Education UK
_Other_
Bloomsbury Football
Marlborough College Foundation
Mission Direct
Street Talk
Amounts falling due within one year
Amounts falling due in more than one year|**BFwd**
**£**
-
-
-
-
-
-
-
-
50,000
-
50,000
-
50,000
-
-
-
50,000
-
-
-
-
30,000
-
-
-
-
-
-
-
-
-
25,000
-
-
55,000
50,000
-
-
-
-
50,000
-
37,500
-
-
37,500
242,500
242,500
-
242,500|**Awarded**
**£**
100,000
40,000
10,000
50,000
110,000
80,000
15,000
20,000
-
16,000
441,000
5,000
-
50,000
50,000
300,000
405,000
10,000
40,000
20,000
40,000
-
37,500
10,000
15,000
30,000
40,000
20,000
50,000
10,000
225,000
-
5,000
80,000
632,500
-
100,000
50,000
50,000
80,000
280,000
5,000
-
5,000
45,000
55,000
1,813,500|**Paid**
**£**
(50,000)
(40,000)
(10,000)
(50,000)
(10,000)
(40,000)
(15,000)
(20,000)
(50,000)
(8,000)
(293,000)
(5,000)
(50,000)
(50,000)
(50,000)
(100,000)
(255,000)
(10,000)
(20,000)
(10,000)
(20,000)
(30,000)
(12,500)
(10,000)
(15,000)
(15,000)
(20,000)
(10,000)
(25,000)
(10,000)
(75,000)
(25,000)
(5,000)
(40,000)
(352,500)
(50,000)
(50,000)
(50,000)
(50,000)
(40,000)
(240,000)
(5,000)
(25,000)
(5,000)
(15,000)
(50,000)
(1,190,500)|**CFwd**
**£**
50,000
-
-
-
100,000
40,000
-
-
-
8,000|
|---|---|---|---|---|
|||||198,000|
|||||-
-
-
-
200,000|
|||||200,000|
|||||-
20,000
10,000
20,000
-
25,000
-
-
15,000
20,000
10,000
25,000
-
150,000
-
-
40,000|
|||||335,000|
|||||-
50,000
-
-
40,000|
|||||90,000|
|||||-
12,500
-
30,000|
|||||42,500|
|||||865,500|
|||||613,000
252,500|
|||||865,500|
**Page 16**
## **THE AURUM CHARITABLE TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **NOTES TO THE FINANCIAL STATEMENTS**
## **12. Comparative statement of financial activities**
|**Note**
**INCOME AND ENDOWMENTS FROM:**
Investments
**1**
**Total**
**EXPENDITURE ON:**
Charitable activities
**2**
**Total**
Net gains/(losses) on investments
**6**
**Net income/(expenditure)**
**Transfers between funds**
**10**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**10**
**Total funds carried forward**
**10**|**Unrestricted**
**Funds**
**£**
214,827
214,827
1,098,183
1,098,183
-
(883,356)
883,356
-
-
-|**Endowment**
**Funds**
**£**
-
-
-
-
(69,213)
(69,213)
(883,356)
(952,569)
6,929,478
5,976,909|**31 May 2024**
**Total**
**Funds**
**£**
214,827|
|---|---|---|---|
||||214,827|
||||1,098,183|
||||1,098,183|
||||(69,213)|
||||(952,569)
-|
||||(952,569)
6,929,478|
||||5,976,909|
**Page 17**
## **THE AURUM CHARITABLE TRUST**
## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
## **NOTES TO THE FINANCIAL STATEMENTS**
## **13. Financial instruments**
The carrying amounts of the charity's financial instruments are as follows:
|**13. Financial instruments**
The carrying amounts of the charity's financial instruments are as follows:||
|---|---|
|**31 May 2025**
**Total**
**Funds**
**£**
_Financial assets_
Measured at fair value through net income/(expenditure):
Fixed asset investments
2,113,862
2,113,862
The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
**31 May 2025**
**Total**
**Funds**
**£**
_Income and expense_
Financial assets measured at fair value through net income/(expenditure)
Investment income
63,300
63,300
_Net gains and losses (including changes in fair value)_
Financial assets measured at fair value through net income/(expenditure)
Net gains/(losses) on investments
39,850
39,850|**31 May 2024**
**Total**
**Funds**
**£**
2,010,712|
||2,010,712|
||**31 May 2024**
**Total**
**Funds**
**£**
49,507|
||49,507|
||(69,213)|
||(69,213)|
**Page 18**