Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 Charity number- 1215160 THE ARORA CHARITABLE FOUNDATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Tru5tees' Responsibilitie5 Statement Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 14-21
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2026 Trustèès Sunita Artsra, Chair lappointed 19 August 20251 Guy MO1$ lappoinled 19 August 20251 Rajvinder Arora lappoint8d 19 August 20251 Christopher Hyman lappoinled 19 August 20251 Nirvair Gill (appointed 19 August 20251 Charity registered number 1215160 Principal offic• Th8 Arora Group 2 Worfd Business Centre Arora Business Park Newall Road Hounslow TW6 2SF Accountants MHA Chartered Accountants MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS Page 1
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2026 The trustees present their report wth the finan¢ial staternents of the ¢h8rity for the period ended 31 Mar¢h 2026. The truslees have adopted the provisions of Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 8pplicab19 in thg UK and R8public of Irgland IFRS 102118ff8Ctive 1 Jonu8ry 20191. Objectives and Activities Purpo$¢ Arora Charitable Foundation is a Foundation CIO which exists to further its charitable purposes for the public benefit. The Charity's objects as set out in its governing document are.. To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time by making grants. In pursuing these objects, the Charity seeks to provide grant funding to chaiitable organisations, 5UPPOrt local corllmunities and build partnerships with both local and national organisations. Maln Aetlvltl•s Arora Charitable Foundation delivers its charitable objectives through the following principal activities.. Grant Making The Foundation provides grant funding to registered charities and community organisatiDns whose work aligns with its Charitable objectives. Through a structured appro8¢h to giving, the Foundation seeks to support initiatives that deliver meaningful and measurable impact, th at a national level and within local communities. Support for Local Communitie5 A key priority of the Foundation is to support communities including grassrools organisations and community led projects that address community development & partiapation, improve health & wellbeing and provide relief of poverty & hardship. Partnarshlps wlth Natlonal Charltlès The Foundation maintains and develops partnerships with selected national charities. building on its established legacy of supporting high impact organisations. These partnerships enable the Foundation to contribute to larger scale initiatives addressing th8 relief of poverty, t8rminal heahh car8, health research, tn8dical treatment or child weare. Fundraising Activities The Foundation raises funds through organised events and initiatives, most notably the Arora Ball. These activities generate sustainable income that can be distributed to charitable causes, while also engaging supporters, partners, and stakehold8rs in the Foundation's mission. Page 2
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2026 Publi¢ Benefit The trustees confirm that they have had due regard to the guidan issued by the Charity Commission on public b8n8lit when 8x81cising th8ir duties throughout the year. In assessing th8 ch8rity s activiti8s, th8 trust8es hav8 considered both the benefits provided and any pTrtential barriers to access, ensuring that all work undertaken by the Arora Charitable Foundation advances its charitable purposes for the public benefit. The trustees have ensured that all programmes and in-kind support are allocated based on charitable need and contribution to the Foundation's charitable objectives and posilive social impact, and that the benefits provided are accessible to individLJals and organisations who would otheNiise lace barriers to participalion. Having rewewed the charitls activities for the period, the trustees are satisfied thal the Arora Charitable Foundation has delivered public benefit in line with its charitable purposes and with the expectations set out in the Charity Comrnission's guidance. Grant maklng pollcy The Foundation operates grant making programmes to support charities and community organisations whose work aligns with its charitable objectives. Grants are awarded lo boih national charities and local community group5. Funding decisions are made by the trustees, who assess each proposal against criteria including charitable need, alignment with the Foundatic)n's objectives, and the potential for meaningful and measurable impact. The trust88s also ¢onsid9r the sustainability ol the org8nis8lion and the exlgnt to which funding will rnake a difference. Th8 Foundation 588ks to 8nsur8 that its grant making is fair, transparent and 8ffectiV8, and that funds ar8 distributed in a way that maximises public benefit. In add'On to financial grants, the Foundation may provide in kind support where appropriate. Achlevements & Performance The Arora Charitable Foundation was formally registered as a charity in September 2025, with the initial trustees having been appointed in ALJgust 2025. While newly constituted, thè Foundation builds on a long-standing history of Gharilable giving and fundraising, includirYJ significant suppoxt for national ch8rilies through initiatives such as the Arora Ball. During its first reporting p8ri0d, the Foundation has made strong progr8ss In advanng its charitable obj8ctives and delivering public benefit. A key locus has been the establishment of its grant making activity. including the introduction ol a structured small grants programme alongside its continued support for nats'onal charitable partners. The trustees assess the success of the Foundation's activities using a range of crileria, including alignment with its charitable objectives, the level of demonstrated need, and the extent to which funded organisation5 deliver m9aningful and rneasurablg irnpad. The trustees also wnsider the sustsinabilty of oul¢omes, the strength of partnerships, and the reach of supported initialives, particularly within communities connected to the Arora Group's hotels. Page 3
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2026 Grants A key milestone during the year was the launch ol the Foundation's small grants programme, which is designed to support local ch8rib"85 and comtmunity organisations. Th8 prograrnme op8rat8S On a twice-yearfy basis, enabling the Foundation to provide regular and responsive funding to grassroots initiatives. In January 2026, the Foundation awarded grants of £10,000 eaGh to ten organisations based in Luton. These included.. Tokko Youth Hub, providing an inclusive youth space supporting young people, including young parents and LGBTQ+ groups Keech Hospice Care, delivering essential care SeICeS and support to patients Caraline, delivering specialist support for individuals affected by eating disorders zalea, supporting individuals affected by exploitation and trafficking through outreach, therapy and advocacy Luton All Women's Centre, offering counselling and support on issues induding domestic abuse and harmful practices Rett UK, supporting individuals and families affected by Rett syndrome The Disability Resource Centre, providing serlices for disabled people Luton Community First Responders, delivering emergency response support within the community Amlcus Trust, supporting individuals experiencing homelessness The Chlltern School, a special educational needs school supporting approximately 350 children In addition to financial grants, the Foundation also provided in kind support, including the donation of furniture items to Amicus Trust to SLJPPOrt individuals transitioning out of hc>melessness, and stationery supplies to The Chiltern Sehwl tc> enhan sOurCeS availablè to its pupils. These grants and donations have supwrted a diverse range of organisations addressing complex and varied needs within the local eommunity. The trustees consider this programme to be an important step in estsblishing the Foundation's long-lerm approaGh lo Ii>cal grant making. The Foundation maintains oversight of the impact ol its funding through a simple monitoring process. All grant recipients are required to wmplete a rnonitoring and outoomes report, enabling the trustees to assess how funds have been used and the differen they have made. In addition, trustees and representstive5 of the Foundation have undertaken site visits to selected beneficiary organisations, including Tokko Youth Hub, Arnicus Trust and Keech Hospice, to see first-hand how these organisations operate and how the Foundation's support contributes to their work. These visits provide valuable Insight and help to Inform futLJre fundlng decisions. Support for Local CommunltSes The Foundation has prioritised support for cornmunities located olose to the Arora Group's hotels. Through both grant funding and in-kind contributions, it has supported projects that address locally identified needs, strengthen commLJnity resilience, and improve quality of life. Page 4
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2026 Partnerships with National Charities The Fc)undation continues to build on a long-established history of supporting national charities which was previously don8 through the Arora Group in prior years. Historically, this support has indud8d a range of18ading charitable organisations. including Canr Research UK. Evelina London Children's Hospital. UNICEF. Macmillan Canr Support, The Royal Marsden, the British Heart Foundation, and Diabetes UK, among others. During the reporting period, the Foundation has taken steps to formalise and strengthen this approach through the development of its large grants programme. At the end of 2025, two national charities were selected as beneficiaries of the 2026 Arora Ball, with each organisation duè to receive £250,000 following the event. In addition, proceeds frorn the event will contribute lo the ongoing work of the Foundation. The trustees have also continued to engage direcdy with partner organisations to understand the impact of funding. Since Septemb8r 2025, visits have be8n undertaken to organisations including The Royal Marsd8n and Oiabetes UK, providing valuable insight into how previous funding has been utilised and the outcomes achieved. This engagement helps to strengthen relationships, ensure accountsbility, and inform future funding decisions. The trustees intend to continue developing long term strategic partnerships with national charities that align with the Foundation's objectives. Fundraising Activities lincluding the Arora Ball) Fundraising activities, including the Arora Ball, have continued to play an important role in generating income for ch8rit8blg distribution. These evgnts not only raisg vil81 funds bul also strengthen relab"onships wlh donors, partners and supporters, helping to sustain and grow the Foundation's impact. Future Plans The trustees will continue to build on the progress made during the Foundation's first period of operation, with a locus on sti6ngth8ning its grant making programmès, èxpanding its impact, and ènsuring long-tèrm sustainability. The Foundation wll maintain its commitment to supporbng local communities through its small granis programtlle. which will continue to run on a twice-yearty b3sis in March and September. This progratnrn8 will remain a core element of the Foundation's work, enabling regular and responsive funding to grassroots organisations. In addition, the trustees are developing plans lo further enhance the Foundation's large grant making activity. In years when the Arora Ball does not take place, discussions are underway lo introduce an alternative large granl programtne. Th8 ttustees ai8 curr8ntly considering th8 structure of thi5 initiativ8, including th8 type of beneficiaries to be supported and the level of funding lo be awarded, with the aim of ensuring continued support for high impact national organisations. Thg Foundab"on also intends lo broaden ils fundraising activity to ensure the sustsinability and growth of its charitable programmes. By developing a rnore diverse range of fundraising initiatives, the trustees aim to generate reliable income streams that will support both its local and national grant-making commitments. As a newly conslituled charity, the trustees have adopted a measured and prudent approach to growth, ensuring that all funding commitments are aligned with available resources. Looking ahead, the trustees plan to strengthen the Foundation's financial stability by developing a cotnprehensive financial strategy, supporting effective planning, risk management, and long-term resilience. The trustees also remain committed to strengthening govemance and organisational capacity. This includes refining processes for grant making, monitoring and evaluation, and ensuring that appropriate systems and controls are in place to support the effective and transparent management of the Foundation as it continues to grow. Page 5
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2026 Flnanclal Revlew During the period. the Foundation established its financial framework and commenced its charitable activities following registration in September 2025. Income during the period was generated through fundraising activities, including proceeds frorn the Luton Hoo charity auction, together with early incc)me relating to the Arora Ball and additional donations. A toial ol £100,000 was re¢eived as rèstri¢tèd funding for distribub.on to Chaiities based in the Luton ar¢8. Expenditure during the period consisted primarily of chariiable grants, including £100,000 awarded to ten local Luton charib.es following the Lutc>n Hoo auction. Additional expenditure related to initial set up and operational costs. At the year end, the Foundatlon held unrestrlcted funds of £241,346, lollowlng the full dlstributlon ol restricted funds received during the period. The trLJStees are satisfied with the Foundation's financial position al the end of its first reporting period and consider it to be in a stable position to meet its current comtnitments and sUPPOrt the continued development of its activities. Rèsèrvas Polley The trustees recognise the importance of maintaining appropriate reserves to ensure the financial stability and ongoing operation of the Foundation. As a newly constituted charity, the Foundation does not yet have a formal reserves policy in place. The trustees are in the prOsS ol developing a comprehensive financial strategy, which will include establishing a clear and appropri8te reserves poliry aligned with the Charity's artivities, risk profile, 8nd future wrnmitrnents. In the interim, the trustees have adopted a prudent approach to financial management. The Foundation currently hdds sufficient funds to tneet its planned grant comtnitments, which will also be funded by the Arora Ball, and operational costs in the n8ar term, while maintaining a level of financial flexibility to respond to unforeseen circumstances. As a grant giving charity, the trustees do not intend to acGumulate significant reserves beyond what is necessary to ensure the effective and sustainable operation of the organisats'on. The priority rernains to deploy funds in furtherance of the Foundatic>n's charitable objectives, ensLJring timely and impacrful distribution to beneficiaries. The trustees will review this position during the corning year. with the aim of implementing a formal reserves policy that balances financial resilience with maximising charitable impact. Funding resources The Foundation's principal source of incotne is fundraising activity, most notably the Arora Ball, which has a long-estsblished tr8¢k rewrd of ggneraling significant funds for Charitable causes. Procegds from the gvent contribute towards the Foundation's granl-making programmes, including both national and community-based In addits'on to event-based fundraising, the Foundation also receives donations, which sUPPOrt the delivery of its charitable objectives and enable it to extend its grant making activities. The trustees intend lo continue developing and diversifying the Foundation's income streams through additional fundraising initiatives, with the aim of ensuring the long-term sustainability and growth of its grant making programmes. Page 6
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2026 Fundraising activities The trustees confirm that all fundraising activities undertaken during the year were proportionate, aligned with the ¢h8rity's objectives and carried out in a manner consistent with good gthic81 practic8. Golng Concern The trustees consider that there are no material UnrtaIntieS about the charivs ability to continue as a going conrn and on that basis, the financial statements are prepared on a going concern basis. structure. governance and management Governing Document The charity is controlled by its goveming document, dated 19th August 2025. Organlsatlonal structure Arora Charitable Four)dation is established as a Charitable Incorporated Organisalion ICIOI using the foundation model. As a FDundation CIO, the charity does not have a wider membership, and the trustees are responsible lor the overall governance and strategie direction of the organisation. The Board of Trustees is responsible for setting the Foundation's slrategy, approving grant-making decisions, and ensLJring that the charity operates in accordance with its charitable objectives and governing docLJment. The trustees Tneet regLJlarfy to review the Foundab"on'5 8Ctivitie5, assess funding proposals, and monitor pertorrnance. The trustees are supported in the day-to-day administration of the Foundation's activities, including the coordination of grant rnaking and fundraising initiatives. All significant decisions, including the award of grants. are subject to trustee oversight and approval. Recruitment and appointment of new trustees New trustees are appointed following a structured and considered prosS. In selecting individuals for appointment, the Iruslees have regard lo the skills, knowledge 8nd experience required lo support the effective administration and govemance ol the Foundation. All new trust8es are subject to an interview and s8lection process led by th8 Board of Trustees. Appointments are made by resolution at a properfy convened meeting of the trustees. in accc>rdance with the provisions sel out in the Foundation's constitution. Trustees 8re appointed for a term of three yeers and may be reappointed in accordan with the governing document. In additic)n, the conslilulion provides for the 8ppointmenl of nornin8led truslges, with up lo two Iruslees appointed by The Arora Group as the appointing bly. These appointments are made in accordance with the appointing body's procedures and are formalised through notification to the Board. This approach ensures that the Board rnaintains an appropriate balan of skills and experience while supporting effective govemance and decision making. Page 7
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2026 Indu¢tion and training of new trustees New trustees are introduced to the Board of Trustees and to the role and its responsibilities through a structured induction proc8ss. This Includes an overvi8w of th8 Foundation's purposg, 8divities and gov8rnancg arrangements. as well as the duties and responsibilities of trustees. In accordanGe with the Foundation's constitution, eaGh new trustee is provided, on or before their appointment, with a copy of the current constitution and the latest Trustees. Annual Report and statement of accounts. This ensures that all trustees have a clear understanding of the charitls governing document, financial position, and ongoing activities. Trustees are selected with regard to the ski11s, knowledge and experience required for the effective administration of the Foundation. The induction process is designed to build on this expertise, providing trustees with th8 infortll8tion and support n88ded to earry OLJt their rol8 8ffectiv81y. Ongoing support and, where appropriate, further training are provided to ensure that trustees maintain an up-tO- date und8rstanding of their r8sponsibilib8s and of good governance pr8ctlC8S Wthin the charity sector. Oaclslon maklng The charity's trustees are actively involved in both the governance 8nd Strategic direction of the Foundation, meeting regularly to review activities, consider grant making decisions and ensure that the charity operates in accordance with its objectives. The trustees delegate the day-to-day management of the charity io the Director of Charitable Services, Alison Griffin. This includes the coordination of grant making programmes, stakeholder engagement and the administration of the Foundation's activib"8s. All significant decisions, including the award of grants and strat8gic direction, rernain subject to trustee oversvJht and approval. Risk manag•m•nt In compliance with the SORP, the major risks to which the Charity is exposed, as identified by Trustees, have been reviewed, and systems have been established to manage those risks. These are reviewed regularly at Bc>ard rn8etings. Key risks identified indude the sustainability of income to support the Foundation's grant-making activities, the effective allocation and monitoring of charitable funds, and the management of potential conflict5 (rf interest arising from related party relationships. The truslees seek to mitigate these risks through prudent financial planning, regular monitoring of income and expenditure, struclured grant making and reporting processes, and robust gov8inanc8 proc8dur8s, induding th8 declaration and tnanagetn8nt of conflicts of int8rest. Key management remuneratlon Th8 Iruslees consider the Dirgotor of Charitable Services to be the key management personnel of the Foundation. During the reporting period, this role has been supported externally, with no remuneration paid directly by the Foundation. The trustees oversee this arrangernent lo ensure that il remains appropriate and that any support provided is aligned with the Foundation's charitable objectives and represents an efficient use of reSoUrs. The Foundation does not operate any performance related bonuses or incentive schemes. The tiustees keep this arrangement under review as the Foundation develops its operational and financial structure. Page 8
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2026 Related parties The Arora Group is considered a related party by virtLJe of its role as an apinting body for certain trustees of the Foundation. During the reporting period, the Foundation has benefited from support provided in kind by the Arora Group. This includes the provi510n of office space and staff resource to support the day-to4ay management (rf the charity. The Director of Charitable Services is employed externally and does not receive remuneration from the Foundation. These arrangements are governed by a Mernorandurn of Understsnding, which sets out the terms of sUPPOrt and ensures darity regarding roles, responsibilities and the basis on which resources are provided. Th8 tiust8es recognis8 that there ar8 close connections b8tW88n th8 Found8tion's 188d8rship and the Arora Group. Appropriate prOdureS are in place to ensure that any potential conflicts of interest are identified, declared and managed in accordance with the Foundation's policies, and that affected trustees withdraw from any 1818vant d8cision making. The trustees are satisfied that all related paty arrangements are in the best interests of the charity and are appropriately managed. Treasurerfs statement- Nlrvalr G511 lJohnl 18m ple8$9d to share a reflection on the Found81ion's first rgporting period, which has focused on establishing strong and responsible financial foundations. From th8 outset, th8 trust88s have taken a car8ful and con5id818d approach, ensLJring that appropriat8 financial controls and oversight are in place as the Foundalion begins to grow. It is particularfy encouraging that. during this first period, the Foundation has generated significant income and translated this into immediate and maaningful support for banèficiariès, whilst maintaining a strong finaneial position at thè yéar ènd. The Foundation is well placed as it moves forward, with a solid base of unrestricted funds providing flexibility to support future grant-making alongside cleady defined funding commitments. Looking ahead. the focus will be on strengthening our financial strategy, including the development of a formal reserves policy to support long term sustainability. This measured and considered approach will ensure that the Foundation continu8S to grow in a way that is both fInanallY robust and also align8d with its charitab18 objectives. NINir AL Nirvair Gill Treasurer Approved by order of the members of the board of Ttustees and signed on their behalf by.. Sunita Arora Ichair of Trustees) Dat8". July 9, 2026 Page g
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE PERIOD ENDED 31 MARCH 2026 The Trustees are responsible for preparing the Trustees, Report the financial statements in 8ccordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally AcTrpted Accounting Practice). The law applicable to charib.eg in England & Wales requires the Trustees to prepare financial statements for each financial period which gNe a true and fair view of the state of affairs of the Charity and of its incoming resources and application ol resources, including its income and expenditure, for that period. In preparing these rinanaal statements, the Trustees are required to.. sel8Ct SLJitabl8 acmunting policies and then apply th8rn consistently., observe the rMethcKls and principles of the Charities SORP IFRS 1021., ake judgments and accounting estimates that are reasonable and prudent., st8te wheth8r 8pplic3bl8 UK Accounting Standards IFRS 1021 hav8 been follow8d, subj8Ct to any rnalerial departures disclosed and explained in the financial stal8rnents', prepare the Iinancial stslements on the going concern basis unless it is inappropriate lo presurne that the Charity will continue in busine55. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitrfs transactions and disclose with reasonable accuracy at any time the financial position of the Charity and 8nable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts 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 irr8gulariti85. Approved by order of the members of the board of Trustees and signed on its behalf by.. Sunlta Arora Oate.. July 9. 2026 Page 10
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 MARCH 2026 Independent Examinerfs Report to the Trustees of The Arora Charitable Foundation I'the Charity'l I r8port to the Gharity Trustees on my examination of the 8wounts of the Charity for Ihg Pgriod ended 31 M8r¢h 2026. Responsibilitie5 and Basi5 of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 20111'the 2011 Aot'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrwng out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement Sinc8 tha Charity's gross income exc8éd8d £250,000 your exatniner must bè a membèr of a body listod in section 145 of the 2011 Act. I confirm that l am qualified to undertake the exarrinalion because l am a member of ICAEW, which is one of the listed bodies. I have cornpleted rny examination. I confirm that no rnatters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the accounts do not accord with those r8wrds', or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in th8 Charities IAccounts and Reports) Regulations 2008 other th3n any requirem8nt that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no eoncems and have Come aeross no other matters in connection with the examination to whieh attention should be drawn in this report in order lo en8ble a proper understanding of the accounts lo be reached. Signed-. Dated'.91h July 2026 ACA DGhA Rachel Doe MHA Chartered Accountsnts MHA House Charter Court Swansea Enkrprise Park Swansea SA7 9FS MHA is the trading name of MHA Audit LLP, a lirnited liability p8rtnership registgrgd in England and Wales Iregistration number OC3123131. Page11
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2026 Unrestricted funds 2026 Restricted funds 2026 Total funds 2026 Note Income from.. Oonats'ons and legacies 300,536 100,000 400,536 Total Income 300,536 100,000 400,536 Expenditure on.. Charitsble activitie5 59.190 100,000 159,190 Total •xponditur¥ 59,190 100,000 159,190 Net movam*nt in funds 241,346 241,346 Reconclllatlon of funds.. Net movement in funds 241,346 241,346 Total funds carrled fotward 241,346 241,346 The Slalernenl of Financial Activities indudes all gains and losses recognised in the period. The notes On pages 14 to 21 fom part of these financial statements. Page 12
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION BALANCE SHEET AS AT 31 MARCH 2026 2026 Note Currant assèts Cash at bank and in hand 291.346 291.346 Currant Ilabllltlss Creditors.. amounts falling due within one year 10 150,0001 Nat currant ass•ts 241.346 241,346 Total net assets 241,346 Charity funds Unrestricted funds 241,346 Total funds 241.346 The financial stslements were approved and authorised for issue by the Trustees and signed on their behalf by.. Sunita Arora Ichair of TrLJSteesl Date.. July 9, 2026 The notes on pages 14 to 21 fomi part of these financial statements. Page 13
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 General information The Arora Charitable Foundation is a Foundation CIO regist8red with th8 Charity Commission in England and Wales (Registered Nurnber.. 12151601. The charitrfs registered Offi 15 The Arora Group, 2 Wodd Business Centre, Arora Business Park, Newall Road, Hounslow. TW6 2SF. The financial statements are presented in Steding (£1, the charivs functional currency, and rounded to the nearest pound. Accountlng pollcles 2.1 Basi5 of preparation of finan¢ial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Stalem8nt of R8comm8nd8d Practice applicable to charit18S preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republi¢ of Ir8land IFRS 1021 and the Charities Act 2011. The Arora Charitable Foundation meets the definition of a public benefit entity under FRS 102. Assats and liabilitiès arè initially recognisad at historical cost or transaction valuè unléss oth8nMsa stsled in the relevant accounting policy. 2.2 Going cone•m At the tirne ol approving the financial statements, the trustees have a reasonable expectation that the charity has adequate restsurces to continLJe in operational existents for the foreseeable future. Thu5 th8 trust88s continu8 to adopt the going concein basis of accounting in pr8p8ring th8 financial statements. 2.3 Significant judgemènts and estimates In the application of the charit51s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Thg estimatgs and associated assumptions ar8 based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates. The estimates and underfyng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only èff8Cts that period, or in thè pèriod of thè rèvision and futurè psriods if thè rèvision affaets both current and future periods. Piovisions and contin encies Provisions are recognised when the charity has 8 present obligation as a resulL of 8 P8St event and 8 reliable estimate can be made of a probable adverse outcome. Otherwise, material contingenl liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent ass8ts ar8 only di5d058d rf an inflow of &conomic b8n8fits is probabl8. Page 14
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 ounting policies l¢ontinuedl 2A Income All income is recognised once the Charity has enternent to the income, it is probable that the income will be reIved and the amount of income r1Vable can be rn88sured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income rec8iv8d foi specific purposes but not expend8d during the p8riod is shown in the relevant funds on the Balance Sheet. Where income is reiVed in advance of entitlement of receipt. its recognition is deferred and included in creditors as deferred income. Where entidement occurs before income is received, the income is accrued. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost c>f the item to the donor should be Ljsed. The gain is recognisgd 8$ inwtM8 from donations and a wrr8sponding amount is Included in the appropriat8 fixed asset class and depreciated over the useful economic life in accordance with the Charitsls accounting policies. If the donated assets are given for the purposes of sèlling by the charty the sales proceed is are included within inwmg ft)r that period. Cash donations are recognised when the charity has entitlement to the funds, it is probable that the incomè will b8 r6e8iv6d, and th6 amount can bè mèasurad réliably. On receipt, donated professional servi$ and facilities are recognised on the basis Cif the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent 8conomic ben8fit on th8 open mark8t.' a corr8stK>nding amount is th8n recognised in expenditure in the period of receipt. 8811 income is recognis8d in the p81iod in which the b811 is held. 2.5 Expendltur8 Expenditure is recognised once there is a legal or constructive obligation to) transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and tha amount of the obligation can bè mèasurad reliably. Expenditurè is elassified by activity. Expenditure on charitable activities is incurred on directly undertaking the activities whid) further the Charity's obj8Ctives. as w811 as any associat8d support costs. Grants payable are charged in the period when the offer is made except in those cases where the off8r Is conditional, such grants b8ing r8cognised as exp8nditur8 wh8n th8 conditions attaching ar8 fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitmenl, but not accrued as expenditure. 2.6 Charitable activities Costs of charitable activities indude grants made and govemance costs. 2.7 Governance costs Governance costs compris8 all costs involving the public accountablity ol th8 charity and its compliance with regulation and good practice. These costs included costs relab'ng lo examination fees and legal lees. Page 15
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 ounting policies l¢ontinuedl 2.8 Taxation The charity is exempt from tax on its charitable activities. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and ShOrt-te highly liquid investments with 8 short maturity of three months or less from the date of acquisition or opening of the deposit or sirrilar account. 2.10 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a pasl event, it is probabl8 that 8 trensf8r of econornic ben8fit will be r8quired in settlernent, and the amount of the settlement can be estimated reliably. Liabilities arg rewgnised at thg amount that thg Charity anb"cipat85 it will pay lo settle the debt or thg amount it has received as adVand payments for the goods or services it rnust provide. Piovisions arè mèasurèd at thè bsst éstimale ol thè amounts raquirad to sèttlè thé obligation. Wheré the effect of the time value of money is material. the provision is based ON the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding ol the discount is recognised in the Statement of Financial Activities as a finance cost. 2.11 Fund accounting G8n8r31 funds ar8 unrestricted funds which ar8 8vailab18 for us8 at th8 discretion of the Trust88s in furtherance of the general objectives of the Charity and which have not been designated for olher purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity lor particular purposes. The costs of raising and administering such funds are eharged against the specific fund. The aim and usè of 6aeh restrieted fund is sel out in the notes lo the financial statements. Page 16
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 Income from donations and legacies Unrestricted Restricted funds funds 2026 2026 Total funds 2026 Donations 300,536 100,000 400.536 Analysis of grants Grants to Institutions 2026 Total funds 2026 Grants 100,000 100,000 Grants pald 2026 Keech Hospice Care RETT UK The Disability Resource Centre Azale Tokko Amicus Trust Luton Community First Responders Caraline Luton All Wornen's Centre The Chillren School 10.000 10.000 10,000 10,000 10.000 10,000 10,000 10,000 10,000 10,000 100,000 Page 17
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 Analysis of expenditure on charitable activities Summary by fund type Unr85tricted R85tricted funds funds 2026 2026 Total 2026 Direct costs 59,190 100,000 159,190 Analysls of expendlture by actlvltles Activities undertaken directly 2026 Grant funding of a¢ti¥itie$ 2026 Support 05ts 2026 Total funds 2026 Dirèct eosts 46.080 100.000 13,110 159.190 Analysls of dlrèct costs Total funds 2026 Activities 2026 Charitable activities 46,080 46,080 Analysis of support ¢osts Total funds 2026 Actlvltles 2026 Professional fees Independent examination fee 9,110 4,000 9,110 4,000 13,110 13,110 Page 18
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 Independent examiner's remuneration 2026 Fees payable to the Charity's independent exarniner for the independent exatnination of the Charity's annual accounts 4,000 Siaff Costs The average number of persons employed by the Charity dLJrlng the period was Nil. No employee received remuneration amounting to more than £60,000 in either year. Trustees. remuneration and expenses During the period, no Trustees received any remuneration or other benefits. During the period ended 31 March 2026, no Trustee expenses have been incurred. 10. Cred5tors'. Amounts falllng due wlthln one year 2026 Accruals and deferred income so.000 2026 Deferred Income Included wlthln credltors ReSoUrS deferred during the period 46,000 Page 19
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 11. Statement of funds Statement of funds . current period Balance at 31 March 2026 Income Expenditure Unrestricted funds General Funds 300,536 159,1901 241,346 Restricted funds Luton H( Auction 100.000 1100,0001 Total of funds 400.536 1159,1901 241,346 Luton Hoo Auction charities. Part of the funds rèci8v8d from the auction was giv8n to support local Luton 12. Summary offunds Summary of fund5 - Current period Balance at 31 March 2026 Income Expenditure Gener81 funds Reslricled funds 300,536 100,000 159,1901 1100,0001 241,346 400,536 1159,1901 241,346 Page 20
Oocu5ign Envd(w ID." DB3B20CO-F734-8349424C-DB267F318E70 THE ARORA CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 13. Analysis of net assets between funds Analysis of net a55ets between funds - current period Unrestrlcted funds 2026 Total funds 2026 cu8nt assets Creditors due within one year 291,346 150.0001 291,346 150,0001 Total 241,346 241,346 14. Related party tran$action$ During the year, the charily had transactions with The Arora Group, whith is considered a related party. The Arora Group donated assets to th8 Charity at the valu8 of £392,498, which the charity utilised in furtherance of its charitable activities. Sunita Arora is also a director of certain companies withir) The Arora Group, but does not participate in the deasion making in relation to transactions with the company. 15. Grant commltments The charity had approved 2 grants of £250,000 which had not been recognised 8s liabilities at the balance sheet date. These grants h8V8 been authoris8d and communicat8d to recipi8nts but ar8 subj8Ct to performanc8- related conditions ol the Arora Ball held in November 2026. As such, they do not rneel the recognition criteria for a liability at the reporting date. Page21