REGISTERED CHARITY NUMBER: 263896 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR THE AUERBACH TRUST Xeinadin Londorb Limited 8th Floor Becket House 36 Old Jewry London EC2R 8DD
THE AUERBACH TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Pagè Report of tha Trustees Independent Examine¢s Report statement of Financl41 Actlvltlès Balance Sheel Note$ to th8 Flnancial Stataments 6 10 10 Dotallad Statement of Financlal Actlvltles
THE AUERBACH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The Iruslees present Ih&ir report Ihe finandal slalemenls of tho charlty for the year ended 30 June 2024. The trustees have adopted the provlslons of Accounllng and Reportlng by Charllies-. Slalemenl of Recommended Practlce applicable lo charitie8 prepaiing their accounts in accordance with the Financial Reportlng Standard appllcable in the UK and Republic of Irelan(S IFRS 1021 (effective 1 January 2019)- OBJECTIVES AND ACTIVITIES Objactives and aims To relieve poverty. advancement of educalion and religion. This is achieved by the Trtjsl making donations lo other charitable inslilulions which have similar obje¢lives and aims. ACHIEVEMENT AND PERFORMANCE Charltablo activlllos c[Ing the year. the Trusl made donations lotalling £34.778 to other charitable instilulions. FINANCIAL REVIEW ResèNes pollcy All Ihe funds held In the bank are unreslricled funds. The Trust has no reserves policy. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is eonlfolled by its governing document, a deed of trust and conslilules an unincorF<)raled charily. Risk management The trus16ès have a duly to identify and review the risks to which the charity is exposed and to ensure approprtate Gonlrols are in place lo provide reasonable assurance against fraud and 8rror. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 263896 Prlnclpal address 21 Clarence Terrace London Nwf 4RD Trustefjs D Auerbach P E Auerbach Independent Examlner Jagdish Patel FCCA Xeinadin London Limited 8th Floor Becket House 36 Old Jewry London EC2R 8DD Bankers Bar¢lay$ Bank Pl¢ Leicester LE7 2BB Page 1
THE AUERBACH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 Approved by order of Ihe boar Iruslaes on June 2025 and signed on ils behalf by= D Auerbach- Truslee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AUERBACH TRUST Indapondent &xamlnorfs r&port to tho trustee$ of The Auerbach Trust I report lo the charity Iruslees on my examination of the accounts of The Auerbach Trust {Ihe Trust) for the year ended 30 Juno 2024. Rgsponslblllties and basls of report As the charity Iruslees of the Trust you arè réswnsible for the preparalKJn of the accounls in accordan with the requirements of the Charities Act 2011 fihe Acl'l. I report in respect of my examinalion of the Trust's accounts carrted out und8r SeclSon 145 of the Acl and in carrying out my èxamination I have followed all applicable Direclions given by the Charity Commission under Section 1451Sllbl of Ihe AGI. Indèpèndènt ÈXAmlne$ ststement I have completed my examination. I confirm that no malerlal matters have come to my attention ir) connection with the examlnatk)n giwno me eause to believe that in any material respect.. accaunling records were not kept in respeel of the Trust as required by Section 130 of Ihe ACL or Ihe a¢counls do nol accord wilh those records-, or th& 8ccounls do not comply with th? applicable requiremenls concernlng the form and conl6nl of a¢¢ounls sel out in th& Charities IA¢counls and Rep(t$) Regulallons 2008 other than any requirement that the accounts 9ive a true and fair view which is not a maller considered as part of an independent examination. I have no ¢on¢erns and have come acmss no other matters in conneclion with Ihe fjxaminalion lo which allenlion should be drawn in Ihis report in order lo enable a proper understanding of the accounis lo be ré8¢hèd. Jagdish Pal81 FCCA Xeinadin London Limiled 81h Floor Becket House 36 Old Jawry London EC2R 8DD 25June 2025 P8ge 3
THE AUERBACH TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 Unreslricled funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Investment Incomg 33.312 590 EXPENDITURE ON Charllaljle actlvlties General 43,806 20,766 Nel galns on Investments 8.583 2.114 NET INCOMEIIEXPENDITURE) 11,9111 118.0621 RECONCILIATION OF FUNDS Total funds brought fO3rd 655,860 673,922 TOTAL FUNDS CARRIED FORWARD 653,949 655.860 The noles form part ol these finanaal slalemenls Page 4
THE AUERBACH TRUST BALANCE SHEET 30 JUNE 2024 2024 Unrestricted funds 2023 Total funds Notes FIXED ASSETS Tangible assets 258,113 258,113 CURRENT ASSETS Debtors Investments Cash at bank 5,500 20,246 386.562 28,829 368.812 397,641 412.308 CREDITORS Amounts falling due within one year 11,8051 (14,5611 NET CURRENT ASSETS 395.836 397.747 TOTAL ASSETS LESS CURRENT LIABILITIES 653.949 655,860 NET ASSETS 653.949 655,860 FUNDS Unreslricled funds 653,949 655,860 TOTAL FUNDS 653,949 655,860 The financial slalevnenls were appmved by thè Board of Trustees and aulhorised for issue on 25 June 2025 and were signed on ils behalf by.. uetha¢h - Tiuslee P E Auerbach- Truslee The notes fom) part of ihes8 finanual slalemenis Page 5
THE AUERBACH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial slalements of the tharily. which is a public benefit entity under FRS 102, have beèn prepared in 8ccordxnce wilh the Charities SORP IFRS 102) 'Accounling and Reporting by Charilie8'. Slalemgnl of Re¢omm8nded Pra¢licè applicable to eh8ritias preparing Iheir accounts in accordance wilh the Finanal Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1Q21 leffeclive l January 2019),. Financial Reporting Standard 102 'The Financial Reporlin9 Stan(Sard applicable in the UK and Republic ol IreIar, the Charllies Act 2011. The financial slalemenls liave been prepared under the historical cost convention. INCOME All income is recognised in the Slalemenl o( Financial Adivities On ihe charity has enlillemenl lo the funds, il is probable that the income will be received and Ihe amounl can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or conslNcliv& oblig3lion ¢ommllllng tha charily to thAI axpendilure, it is probable that a transfer of economic beneNls wlll be required in selllement and Ihe amount ol Ihe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has b¥en Lldbsified under headings that aggregate all cost relaled lo the category, Where costs cannot be direclly allribuled lo particular headings they have been allocated lo aclivilies on a basis consislenl wlh the use ol resources. Grants offered sublocl lo condlllons whlch have not been mel al the year end dale are noted as 8 comrnilm8nl bul not accrued as ¢xperlIre. TANGIBLE FIXED ASSETS The freehold properly is held for long term investment and is valued al cost and Ih6 Iruslees ar8 of Ihe opinion Ihal Ihe mafkel value is in eX$S ol cost price and hence no depreciation is provided. TAXATION The ¢harily is exempt from tax on ils charitable aclivilies. FUND ACCOUNTING Unrestricted funds can be used in accordanco with the charitable obiedives al Ihe discretion of Ihe trustees. Resli'icted funds can only be used lor particular reslricled purposes wllhin the obje¢ls of the charity. Reslriclions arise when specified by the donor or when funds are raised for parlicular resliicled purposes. INVESTMENT INCOME 2024 2023 Rents received Other fixed asset invest- Fll Deposil account interest 30,135 655 2.522 590 33,312 590 Page 6 conlinued...
THE AUERBACH TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 TRUSTEES. REMUNERATION AND BENEFITS Therè were no Iruslees, remuneralion or other benefits for the year ended 30 June 2024 nor for the year ended 30 Juné 2023. TRUSTEES. EXPENSES Th8re wer& no Irusleas, axpenses paid for the year ended 30 June 2024 nor for the year end8d 30 June 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled funds INCOME ANO ENDOWMENTS FROM Investment income 590 EXPENDITURE ON Charltable actlvltles General 20.766 Nel gains on investments 2,114 NET INCOMEIIEXPENDITUREI {18,0621 RECONCILIATION OF FUNDS Total funds braught fonmard 673,922 TOTAL FUNDS CARRIED FORWARD 655.860 TANGIBLE FIXED ASSETS Freehold property COST Al 1 July 2023 and 30 June 2024 258,113 NET BOOK VALUE AI 30 June 2024 258,113 AI 30 June 2023 258,113 Page 7 continued...
THE AUERBACH TRUST NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 30 JUNE 2024 OEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Olh&r doblors 5.500 CURRENT ASSET INVESTMENTS 2024 2023 Listed inveslmenls 28,829 20,246 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Olher Creditors 1,805 14,561 AOVEMENT IN FUNDS Nel movemenl in funds Al 30.6.24 At 1.7.23 Unrestricted funds General lund Trust tund 755,860 500,000 11.9111 153,949 500,000 655,860 11.9111 653,949 TOTAL FUNDS 655,860 11,9111 653.949 Nel movement in funds, induded in the abov8 are as fo11ows'. Incomlng resources R8sources expended Gains and losses Movement in funds Unrestricted funds General fund 33,312 143,8061 8,583 11,9111 TOTAL FUNDS 33,312 {43,8061 8,583 11,9111 Page 8 continued...
THE AUERBACH TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2024 MOVEMENT IN FUNDS-contlnued Comparatives for movement in funds Nel movement In funds Al 30.6.23 Al 1.7.22 Unrestrlcted funds General fund Trusi fund 173,922 500,000 {18.0621 155,860 500,000 673,922 {18,062) 655.860 TOTAL FUNDS 673,922 {18.062) 655,860 Comparalive net movement in funds, induded In tha above are as lollows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 590 (20,766) 2,114 {18,0621 TOTAL FUNDS 590 (20.766) 2.114 118,0621 A current year 12 months and prior year 12 months combined position is as follows.. Nel movemenl in funds Al 30.6.24 At 1.7.22 Unréstricted funds General lund Tnjst rund 173.922 500.000 {19,9731 153,949 500,OQO 673,922 (19,9731 653,949 TOTAL FUNDS 673,922 (19.9731 653.949 A current year 12 months ar prior year 12 months combined nel movement in funds, induded in Ihe above are as follows-. Incoming resources Resources expended Gains and losses Movement in funds Unr8Strlctèd funds General fund 33,902 (64,5721 10.697 {19.973) TOTAL FUNDS 33,902 (64,5721 10.697 119,9731 Page 9 conlinued...
THE AUERBACH TRUST NOTES TO THE FINANCIAL STATEMENTS-contlnued FOR THE YEAR ENDED 30 JUNE 2024 10. RELATED PARTY OISCLOSURES There were no related party Ir8ns8ciions for the year ended 30 June 2024. Page 10