REGISTERED COMPANY NUMBER: 09544768 (England and Wales) REGISTERED CHARITY NUMBER: 1168492 Moore Chartered Accountants 30 Gay Street Bath BAI 2PA
a lon Foundatlon fth Page Trustees, Report Independent Examlner's Report Statement of Flnanclal Artlvitles Balance Sheet Notes to the Flnanclal Statements 8 to 13
The trustees who are also dlrectors of the charlty for the purposes of the Companles Act 20061 present thelr report wlth the flnanclal statements of the charlty for the year ended 30 A)rll 2024. The trustees have adopted the provlslons of Accountlng and Reportlng by tharltles: Statement of Recommended Practlce appllcable to charitles preparln8 thelr accounts In a¢¢ordance wlth the Flnanclal Reportln8 Standard appllcable In the UK and Republ1¢ of Ireland (FRS 102) (effectlve l January 2019). OBJEcfivES AND ACTIVITIES Our Purpos•$ and Actlvltles The charlty's maln purpose Is the preventlon or rellef of poverty (or flnandal hardshlp) anywhere In Romanla and the UK by provldln8 or asslstln8 In the provlslon of educatlon, tralnlngi healthcare projects and all the necessary support deslgned to enable Indlvlduals to generate a sustslnable Income and be $elf-suffl¢ient. Publ1¢ beneflt The trustees have had due regard to the Charlty Commlsslon 8uSdan¢e on publlc benefit In deddlng what actlvltles the Charlty should undertake and Conflrm that all the Charlty'5 actlvltles are undertaken to further our charltable purposes and publ1¢ beneflt. ACHIEVEMeNT AND PERFORMANCE In a year Ilke the last, we faced challenges In restorlng pre-pandeml¢ & pre-Brexlt artlvlty levels and securln8 vltal fundln8 OPPOrtunltles. We suc¢essful fundralsed over £23,500 In partnershlp wlth 6 Romanlan charltles and I Indlvldual thls flscal year. Thls fundlng supports dlverse projects, such as Inltlatlves to allevlate rural poverty, tar8eted rellef, asslstsnce, renovatlons, and the provlslon of medlcal care flnanclal support. We've also allocated funds for educatlonal workshops for chlldren In Impoverlshed areas. In our 4th year of partnering wlth reglstered charltle5 on mlsslon-all8ned projects, we've Jolntly contrlbuted an astoundlng £256,000+ slnce 2020. Beyond collaboratlons, agaln thls year, equlpped dlsadvantaged rural children wlth school supplles, ensurlng they're school-ready wlth fully packed backpacks. We've also supported Asoclatla Aura lon wlth tOyS1 clothes, and more, sent from the UK to varlous Romanlan countles. Our continued partnershlp wlth rural schools In Teleroman county has brought essentlal IT supplles, furnlture, and playground makeovers. Regrettablyi due to transportatlon & customs costs post-Brexlt, our Brlstol-based 'Chrlstmas Glft Box, appeal Is stlll on hold untll at least 2025. Instead, we shlfted focus to collaborate wlth Asoclatla Aura lon, 8lftln8 chlldren wlth Chrlstmas boxes through the month of December. In the UK, our Inltlatlve "Aura's Essentlals., whl¢h targets easlng the burden on flnanclally dlstressed familles, and "Aura's Invlslbles" whlch tar8ets homeless outreach reduced projects signlflcantly due to lack of funding opportunltles. FINANCIAL REVIEW Flnandal revlew The Trustees Can confirm that the charlty's a55ets are available and adequate to fulfll Its obllgatlons, The charlty had net current assets of £22,229 at 30 Aprll 2024 (2023: £23,817), all of whlch are held as unrestricted fund5. Page I
FINANaAL REVIEW Prlnclpal lundln8 sources The prlnclpal sources of fundlngdurlng the year were donatlons from the general publlc. Reserves pollcy The Trustees have examlned the Charlty's requlrements for reserve5 In light of the maln rlsks to the organlsatlon. The Trustees have establlshed a pollcy whereby free reserves lunrestrlcted funds not commltted or Inve<(ed In tanglble flxed assetsl held by the charlty should be at a mlnlmum of 3 months runnln8 Costs. Th15 has been calculated to be approxlmately £1,800. Thls Is consldered sufficient If requlred to wlnd up the charlty If necessary, As at 30 Aprll 2024 "free reserves. totalled £22,229 (2023: £23,959). The trustees alm to secure further flnanclal support to ensure that the mlnlmum reserves tar8et contlnues to be met, and that funds are avallable to cover future capltal expendlture or unexpected costs. The Trustees have set a budget for the year ended 30 Aprll 2025 to achleve a surplus on unrestrlcted funds and alm t¢ gradually build up a sustalnable level of free reserves to meet future expendlture. PLANS FOR FUTURE PERIODS The upcomln8 year promlses Its own set of challen8e$, especlally concemin8 fundlng. In the UK, our focal polnt wlll be the 'Aura's Essentlals. project. Thls Inltlatlve Is deslgned to allevlate the straln on farnllles facin8 flnanclal dlfflcultles. We wlll be facllltating thelr access to vltal food, hyglene supplles and communlty pop-up events, partlcularly In South Glos, Brlstol. We wlll be re-launchln8 our extenslve household food Insecurlty survey In 2025. In Romanla, we are determlned to further the 'Vlslon In A 8ackpa¢k' Inltlatlve, Our target Is to equlp 500+ chlldren wlth comprehenslve school backpad(s. Addltlonally, we alm to dlstrlbute clothlngi toys, and other essentlal Items to families. We will continue to partner wlth Romanlan charltles and NGOS, focuslng on projects that all8n wlth mutual objertlves. Alon8slde these Collaboratlons, we remain commltted to advan¢ln8 facillty and Infrastructure enhancement5 In Schools. STRucfuRE, GOVERNANCE AND MANAGEMENT Govemln8 do¢um•nt The organlsatlon Is a charltable company Ilmlted by guarantee, Incorporated on 15 Aprll 2015 and reglstered as a charlty on 28 July 2016. The company was estsblished under a Memorandum of A550clatlon, whlch establlshed the objects and powers of the charltable company and Is governed under Its Artlcles of Assoclatlon. R•crultment and Jppolntment of new trustees The dlrectors of the company are also charlty trustees for the purpose of charlty law, Under the requlrements of the Memorandum and Artlcles of Assoclatlon, the members of the Management commlttee are elected and one thlrd of the members should retire by rotatlon. A retlrln8 member shall be eli8lble for revelertlon. Page 2
tee STRUCTURE, GOVERNANCE AND MANAGEMENT Inductlon and tralnlng of new trustees All new Trustees are glven the Charlty Commlsslon's 8uide, 'The Essentlal Trustee,, a copy of the Memorandum and Art5cles of Associatlon and the latest flnanclal ststements and Trustee Report. Trustees are sl8nposted to publlcation produced by the Charlty Commlsslon and other relevant organlsatlons Includlng the NCVO. Related partles There are no related partles Other than the Trustee5 In the year. Rlsk management The Trustees have assessed the major rlsks that the chartty Is exposed to, and are satlsfled that systems are In place to mlti8ate the exposure to major rlsks. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 09544768 (England and Wales) Re8lstered Charlty number 1168492 RegISt•r offl 11 Hammond Road Patchwav Brlstol 8S34 SAN Trustees Ilon P C Kr•l8ht Ms M Cluca Comp•ryS•¢retary Ms M Cluca Independ•nt Examlner Moore Chartered Accountants 30 Gay Street Bath BAI 2PA Approved by order of the board of trustees on ,................................ ........... and slgned on Its behalf by.. P C Knight - Trustee Page 3
Iner's Re ura lon Foundation ort to the Trustees of Independent examlner's report to the trustees of Aura lon Foundatlon ('the Companw) I report to the charlty trustees on my examination of the accounts of the Company f¢r the year ended 30 April 2024. Responslbllltles and ba$ls of report As the ¢harlty's trustees of the Company (and also Its dlrectors for the purposes of company law) you are responslble for the preparatlon of the accounts In accordance wlth the requlrements of the Companles Act 2006 ('the 2006 Act,). Havlng satlsfled myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are ellglble for Independent examlnatlon, I report In respect of my examlnatlon of your charlty's accounts as Carrled out under Sectlon 145 of the Charltles Art 2011 ('the 2011 Act'l. In ¢arrylng out my examlnatlon I have followed the Dlrectlons 8lven by the Charlty Commlsslon under Sectlon 145(5) Ib) of the 2011 Act. Independent examlner's statement I have completed my examlnation. I conflrm that no matters have come to my attentlon In connectlon wlth the examlnatlon 8lvln8 me cause to belleve; accountlng records were not kept In respect of the Company as requlred by Sectlon 386 of the 2006 Art; or the accounts do not accord wlth those records. or the accounts do not comply wlth the accountln8 requlrements of Sectlon 396 of the 2006 Art other than any requlrement that the accounts glve a true and falr vlew whlch Is not a matter con51dered as part of an Independent examlnation. or the attounts have not been prepared In accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accountln8 and reportlng by charitles (appllcable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters In nnectIOn wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached, Mark Powell Moore Chartered Accountsnts 30 Gay Street 8ath BAI 2PA Pa8e 4
Activities ri 30 30.4.24 Unrestrlrted fund 30.4.23 Total funds Notes INCOMEAND ENDOWMENTS FROM Donatlons and legacles 26,756 57,022 Other Income Total EXPENDITURE ON Charltsble artlvltles General NET INCOMV(EXPENDITURe) 11,820 1,901 RECONCIUATION OF FUNDS Total funds brou8ht lorward 23,959 22,058 TOTAL FUNDS C4RRieD FORWARD The notes form part of these financial statement5 Pa8e 5
30.4.24 Unrestricted fund 30.4.23 Total funds Notes FIXED ASSErs Tangible assets 142 CURRENT ASSETS Cash at bank 23,879 25,380 CREDITORS Amounts fallln8 due wlthln one year {1,740} (1,563) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT UABIUTIES 22,139 23,959 NET ASSETS FUNDS Unrestrlcted funds,. General fund 10 22,139 TOTAL FUNDS The charltable company Is entitled to exemptlon from audlt under Section 477 of the Companles Act 2006 for the year ended 30 Aprll 2024, The members have not requlred the Company to obtaln an audlt of Its flnanclal statements for the year ended 30 Aprll 2024 In accordance wlth Sectlon 476 of the Companles Act 2006. The trustees acknowledge thelr responslbllltles for (a) ensurlng that the charltable company keeps accountlng records that comply wlth Sectlons 386 and 387 of the Companies Act 2006 and (b) preparlng flnan¢lal statements whlch glve a true and falr vlew of the state of affalrs of the charltable company as at the end of each flnanclal year and of Its surplus or deflclt for each flnanclal year In accordance wlth the requlrements of Sertlons 394 and 395 and whlch otherwlse comply wlth the requ Irements of the Q)mpanle5 Act 2006 relatlng to flnanclal statements, so far as appI[ble to the tharltable company. The notes form part of these flnanclal statements Page 6 contlnued..,
lanc Sheet- continue These flnanclal statements have been prepared In accordance wlth the provlslons appllcable to charltable companles subject to the small companles regirne. The flnandal ststements were approved by the Board of Trustees and authorlsed for Issue on oq /0 7/2*................ and were sl8ned on Its behalf by: P C Knlght - Trustee The notes form part of these flnancial statements Page 7
ra un Notes t t Fina 02 ACCOUNTING POLiaES Prep4r•tlon ol the accounts on a golng concern basls The financlal ststements have been prepared on the goln8 concern basls as there are n¢ materlal UnrtaIntles about the charlty's ablllty to contlnue. As the charlty Is stlll In Its Infancyl free reserves are runnln8 at a relatlvely low level at 30 Aprll 2024, The trustees have set a budget for the year ended 30 Aprll 2025 to achleve a surplus on unrestricted funds and alm to gradually bulld up sustainable level of free reserves to meet future expendlture. Income All Income Is recognlsed In the Statement of Flnanclal Actlvltles once the charlty has entltlement to the funds, It Is probable that the Income wlll be recelved and the amount can be measured rellably. Donatlons and lagacl Income from donatlons and legacles Is Included In Income when these are re¢elvable, except as follows: when donors speclfy that donatlons and grants glven to the charlty must be used In future accountln8 perlods, the Income Is deferred until those perlods, when donors Impose condltlons whlch have to be fulfllled before the charlty becomes entltled to Use such Income, the Income Is deferred and not Included In Incomlng resources untll the pre-condltlons for use have been met. When donors speclfy that donatlons and grants, Includlng capltsl grants, are for partlcular restrlcted purposes, whlch do not amount to pre-conditions re8ardlng entltlement, thls In¢ome Is Included In Incomln8 resources of restrlcted funds when recelvable. Interest recelvable Interest Is Included when recelvable by the charlty. Expendlture and Irr•¢overable vat Resources expended are Included In the Statement of Flnanclal Actlvltles on an accruals basls, Incluslve of any VAT whlch cannot be recovered. Expendlture Is classlfled under headlngs that aregate all costs related to that cate80ry. Where costs cannot be dlrectly attrlbuted to partlcular headlngs, they have been allocated to artlvltles on a basls consistent wlth the use of resources. Grants offered subject to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expendlture. Tan8lble flx•d Issets Depreclatlon Is provlded at the followin8 annual rates In order to wrlte off each asset over Its estlmated useful life. Computer equlpment 25% on cost Taxatlon The charity Is exempt from corporatlon tax on Its charltable activities. Page 8 contlnued...
ACCOUNTING POLICIES . contlnued Fund accountlng Unrestrfcted funds can be used In accordance wlth the charltable obJectlves at the discretlon of the trustees. Restrlcted funds can only be used for partlcular restrlcted purposes wlthin the objects of the Charlty. Restrlctlons arlse when specifled by the donor or when funds are ralsed for partlcular restrlcted purposes. Further explanatlon of the nature and purpose of each fund Is Included In the notes to the flnanclal statements. DONATIONS AND LEGAaES 2024 2023 Unrestrlcted Unrestrlcted Facebook Paypal Onllne Glvlng Cash Donatlons Amazon Smlle South Glos Coundl 26,041 395 120 200 54,367 954 341 120 39 CHARITABLE ACTIVITIES COSTS 2024 2023 Unrestrlcted Unrestrlcted Cost of donated goods Storage costs Transport Costs Event costs IT/Computer costs Prlntln& posta8e & statlonary Telephone Accountancy Insurance Bank charges Depreciation Sundry 152 1,062 2,403 659 310 2,191 1,119 200 140 1,575 287 812 227 70 75 1,828 288 398 142 153 Pa8e 9 contlnued...
t s to the Flnancial State ort e Year nded 30 A ents - continued GRANTS PAYABLE 30.4.24 30.4.23 General 2024 2023 Unrestrlcted Unrestrlrted Independent- Denlsa 8ardac Asoclatla Sulfetestl Asoclatla Mana Cereasca Asoclatla Marla Holtzhauser Asoclatla Aura lon Asoclatla Concll ndependent- Anca-Florentla Asoclatla Impreuna Actionam Independent - Nlcoleta Cezar Chlta Asoclatla Gura Humorulia Asoclatla Ajut Decl Exlst Independent- Elena Florina Putzlacher Asoclatla Copll Pentru Vlltor Asoclatla Wahm Asoclatla Romana De Terapll In Autlsm Sl ADHD Aso¢latla ETIPC Asoclatla Glve and Help Independent - Geor8lana Lulllana Nete Independent - David Alexandra Stlclaru Asoclatla Casa Verde Pentru Odihna SO Relaxare Independent . Speranta Lul Darlus 7,775 4,446 4,136 2,300 9,453 6.613 6,059 5,994 5,021 2,891 1,659 1,580 1,499 1,455 710 523 441 349 306 194 180 118 2,891 559 1,456 2,599 280 22 45,151 Pa8e 10 continued...
ur I I Statements - contlnue r Ended 30 A il NET INCOMV(EXPENDITURE) Net Income/(expendlturel Is stated after char8ln81(credltln8): 30.4.24 30.4.23 Depreclatlon - owned assets Independent Examlnation and Accounting Servlces 142 227 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other beneflts for the year ended 30 Aprll 2024 nor for the year ended 30 Aprll 2023. Trust••s' •xpen$ei There were no trust•e$' expenses pald for the year ended 30 Aprll 2024 nor for the year ended 30 Aprll 2023. COMPARATIVES FOR THE STATEMENT OF FINANaAL AcfiviTIES Unrestrlcted fund INCOME AND ENDOWMENTS FROM Donatlons and le8acles 57,022 Other Income Totsl EXPENDITURE ON Charltable artlvltle$ General NET INCOME 1,901 RECONCILIATION OF FUNDS Totsl funds brou8ht fonvard 22,058 TOTAL FUNDS CARRIED FORWARD Page 11 continued...
io Notes to the Flnancial State or the Year nded 30 A ril inued TANGIBLE FIXED ASSErs Computer equipment COST At l May 2023 and 30 Aprll 2024 DEPRECIATION At l May 2023 Char8e for year 1,403 142 At 30 Aprll 2024 NET BOOK VALUE At 30 Aprll 2024 At 30 Aprll 2023 142 CREDITORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR 30.4,24 30.4.23 Accrued expenses 10, MoveMENT IN FUNDS Net movement In funds At 30.4.24 At 1.5.23 Unrestikted lunds General fund 23,959 11,8201 22,139 TOTAL FUNDS Net movement in funds, Induded In the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrkted fvnd$ General fund 26,761 (28,581) (1,820) TOTAL FUNDS 26,761 28,581) Pa8e 12 continued...
Notes to Finan rll 20 MOVEMENT IN FUNDS - contlnued Comp•ratlves for movement In funds Net movement In funds At 30.4.23 At 1.5.22 Unrestrlct•d fvnds General fund 22,058 1,901 23,959 TOTAL FUNDS Comparatlve net movement In fund5, Included In the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrlcted fvnd$ General fund 57,023 (55,122) 1,901 TOTALFUNDS 55,122) 11. RELATED PARTY DisaosuRES Grants of £NII12023 E5,994) were pald to Asoclatla Aura lon durin8 the year, a related party due to the connectlon with the trustees Marlana Cluca and loana lon. Page 13