AURCURA Aurora Foundation Prepared by: ## Table of Contents About our Annual Report 3 Report from the Trustees 5 Accountants Report 6 Statement of Financial Position 7 Statement of Activities 8 Statement of Cash flows 9 Notes to the Financial Statements 10 About our Annual Report ## **Structure, Governance and Management** Aurora Foundation is a charitable trust registered in England and Wales. The charity is governed by its trust deed, which defines its charitable objects and governance framework. Trustees are appointed in accordance with the governing document and are responsible for setting strategy, overseeing finances, and ensuring compliance with charity law. Day-to-day operational matters are delegated to senior personnel under the supervision of the trustees. ## **Objectives and Activities** The charity’s objectives are to advance charitable and educational purposes in accordance with its governing document. During the year, the charity pursued these objects primarily through fundraising activities and the making of grants to charitable beneficiaries. In planning activities, the trustees have had due regard to the Charity Commission’s guidance on public benefit. ## **Achievements and Performance** During the year ended 31 December 2022, the charity undertook significant fundraising activities and awarded grants to a number of charitable causes. Trustees consider that these activities furthered the charity’s objectives, notwithstanding the financial deficit incurred in the year. ## **Financial Review** Total income for the year amounted to £3,384,898. Total expenditure was £4,028,289, resulting in a deficit of £643,391. The deficit primarily reflects substantial one-off fundraising and event-related costs incurred in establishing the charity’s activities. Reserves policy: The trustees aim to maintain sufficient reserves to meet short-term obligations. At the year end, the charity reported net liabilities of £643,391. Trustees are satisfied that ongoing donor support will enable the charity to meet its obligations. Going concern: The trustees consider the charity to be a going concern for at least 12 months from the date of approval of these accounts. ## **Plans for Future Periods** The trustees plan to continue fundraising activities, expand grant-making aligned with the charity’s objectives, and strengthen financial controls and governance procedures. ## **Trustees’ Responsibilities** The trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and the Charities SORP (FRS 102). Aurora Foundation | Annual Report - 31 December 2022 Page 3 of 10 ## About our Annual Report ## Reporting period This Annual Report provides material information relating to our business model, operating context, stakeholder interests, performance and prospects covering the operating year of 01 January 2022 to 31 December 2022 with comparative figures. Country of incorporation United Kingdom Entity registration number 1199325 Nature of business and principal activities Charitable/educational trust or foundation operation ## Registered office Street Address: 100 LIVERPOOL STREET City: London Postal Code: EC2M 2RH Level of assurance No Assurance Aurora Foundation | Annual Report - 31 December 2022 Page 4 of 10 ## Report from the Trustees ## **Introduction** The Trustees are pleased to present the Annual Report including the annual financial statements for the year ended 30 December 2022. The entity is engaged in in United Kingdom. The entity’s business and operations and the results thereof are clearly reflected in this Annual Report. ## **Statement and responsibility** The Trustees are responsible for the maintenance of adequate accounting records, the preparation and the integrity of the annual financial statements and all related information. The Trustees are also responsible for the entity’s system of internal financial controls. These are designed to provide reasonable - but not absolute - assurance as to the reliability of the annual financial statements and adequately safeguard, verify and maintain accountability of assets. The annual financial statements are prepared on a going-concern basis as the Trustees have every reason to believe that the entity has adequate resources in place to continue in operation for the foreseeable future. ## **Events after the reporting period** There are no facts or circumstances of a material nature that have occurred between the accounting date and the date of this report. ## **Approval** The Annual Report was approved by the Trustees. Aurora Foundation | Annual Report - 31 December 2022 Page 5 of 10 ## Accountants Report ## **No Assurance** In the preparation of this Annual Report, we have relied upon the unaudited financial and non-financial information available for the entity. We have applied our expertise in accounting and financial reporting to assist in the preparation and presentation of these annual financial statements. We do not express an opinion or any other form of assurance on the accuracy of the information presented. Aurora Foundation | Annual Report - 31 December 2022 Page 6 of 10 ## Statement of Financial Position 01 January 2022 - 31 December 2022 vs 01 January 2021 - 31 December 2021 No Assurance - See Accountant's Report **----- Start of picture text -----**
Notes FY 2022 FY 2021
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|||Notes
FY2022
FY2021| |---|---|---| |Assets||| |CurrentAssets||| |AIG Euro account||-
-
(£20,172)| |Alpha Dollar||-
£351,263
-| |Alpha Euro ac||-
£106,890
-| |Alpha GBP||-
£3,302
-| |cafusa||-
£361,006
-| |FO Euro||-
-
(£19,123)| |Prepayments||-
£600
-| |Total Current Assets||-
£823,060
(£39,295)| |Non-Current Assets||| |OfficeEquipment||-
£1,569
-| |Total Non-Current Assets||-
£1,569
-| |||| |**Total Assets**||**-**
**£824,629**
**(£39,295)**| |Liabilities||| |CurrentLiabilities||| |AccountsPayable||-
£1,086,116
(£39,295)| |Accruals||-
£200,000
-| |NICPayable||-
£12,400
-| |PAYEPayable||-
£24,832
-| |Rounding||-
(£0)
-| |VAT||-
(£1,418)
-| |Total Current Liabilities||-
£1,321,931
(£39,295)| |Non-Current Liabilities||| |Deferred Income Grant 2023||-
£146,089
-| |Total Non-Current Liabilities||-
£146,089
-| |||| |**Total Liabilities**||**-**
**£1,468,020**
**(£39,295)**| |**Net Assets**||**-**
**(£643,391)**
**-**| |Owners Equity||| |Movement in Net Assets||-
(£643,391)
-| |Total Owners Equity||-
(£643,391)
-| For the financial year ended 30 April 2023, the foundation was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. These financial statements have been prepared in accordance with the Charities SORP (FRS 102 – 2019). No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. Approved by the Board of Trustees. Aurora Foundation | Annual Report - 31 December 2022 Page 7 of 10 ## Statement of Activities 01 January 2022 - 31 December 2022 vs 01 January 2021 - 31 December 2021 No Assurance - See Accountant's Report **----- Start of picture text -----**
Notes FY 2022 FY 2021
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||Notes|FY2022|FY2021| |---|---|---|---| |Income and Gains|||| |2022 Event - Donations|-|£852,048|-| |2022 Event Sponsorship|-|£1,153,472|-| |Donations from Founders|-|£1,379,413|-| |Other Revenue|-|(£35)|-| |Total Income and Gains|-|£3,384,898|-| |Expenses|||| |Accountancy - NHG - monthly|-|£4,703|-| |Accountancy fees Macintyre Hayes 2022|-|£4,620|-| |Advertising & Marketing|-|£10,632|-| |Bank Revaluations*|-|£8,136|(£540)| |CAFPayments|-|£28,853|-| |Consulting|-|£24,178|-| |Employers National Insurance|-|£9,312|-| |Grants - Adam Gazzaley|-|£43,040|-| |Grants - Kevin Love|-|£215,200|-| |Grants -Giannis|-|£215,200|-| |Grants -Klitschko Foundation|-|£34,432|-| |Insurance|-|£2,489|-| |IT Software and Consumables|-|£207|-| |Legal Fees|-|£220,267|-| |NFT - other|-|£111,523|-| |NFT- Nathan Copeland|-|£21,233|-| |Realised Currency Gains|-|£121,815|(£578)| |Salaries|-|£70,136|-| |St tropez - Pr costs|-|£18,180|-| |St tropez - Hotel costs|-|£60,728|-| |St Tropez entertainment|-|£150,104|-| |St Tropez Limos and taxi and flights|-|£70,296|-| |St Tropez OBO|-|£2,410,209|-| |St Tropez production costs|-|£135,555|-| |Staff Training|-|£1,058|-| |Telephone & Internet|-|£147|-| |Travel and Susbsistence|-|£18,510|-| |Unrealised Currency Gains*|-|(£19,260)|£1,118| |Website creation and maintenance|-|£36,747|-| |Xero cost|-|£35|-| |TotalExpenses|-|£4,028,289|-| |**Surplus/Deficit**|**-**|**(£643,391)**|**-**| Page 8 of 10 Aurora Foundation | Annual Report - 31 December 2022 ## Statement of Cash flows 01 January 2022 - 31 December 2022 vs 01 January 2021 - 31 December 2021 No Assurance - See Accountant's Report **----- Start of picture text -----**
Notes FY 2022 FY 2021
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||Notes
FY2022|FY2021||| |---|---|---|---|---| |||||| |Total Income and Gains for the year|(£643,391)||£-|| |||||| |Net cash inflow from operating activities||||| |Decrease/(Increase) in receivables|(361,606)|||| |Increase/(Decrease in payables|1,428,725.|39,295||| |Net cash (used in) / generated from operating activities|423,728.|39,295||| |||||| |Net cash inflow from investing activities||||| |Acquisition of Fixed Assets|(1,568)|||| |Net cash inflow from investing activities|(1,568)|||| |||||| |Net movement in cash and cash equivalent|422,160.|39,295||| |Cash and cash equivalents at the beginning of year|39,295.|-||| |||||| |Cash and cash equivalents at the end of year|£461,455.|£39,295||| Page 9 of 10 Aurora Foundation | Annual Report - 31 December 2022 ## Notes to the Financial Statements 01 January 2022 - 31 December 2022 vs 01 January 2021 - 31 December 2021 No Assurance - See Accountant's Report ## **Accounting Policies** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) and under the historical cost convention. ## **Fund Accounting** All funds held by the charity during the year were unrestricted funds. Except for balances with CAF America. ## **Trustee Remuneration** No trustees received remuneration or reimbursed expenses during the year. ## **Staff Costs** Staff costs for the year amounted to £70,136 (2021: £nil). ## **Related Party Transactions** Donations received from founders during the year totaled £1,379,413. The trustees consider these transactions to have been conducted on normal commercial terms. Page 10 of 10 Aurora Foundation | Annual Report - 31 December 2022