REGISTERED CHARITY NUMBER: 263896 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 FOR THE AUERBACH TRUST Xeinadin London Limit&J 8th Floor 8eckel House 36 Old Jewry London EC2R 8DD
THE AUERBACH TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Page Report of the Trustees 1 to 2 Independerrt Examlnerf5 Report Statement of Financlal Actlvltlgs Balance Sheèt Notes to th& Flnan¢lal Statements
THE AUERBACH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUhlE 2025 The Iruslees present their report with the ffinanciBI slalemenls of Ihe charily lor the year ended 30 June 2025. The Iruslees have adopted the provisions ol Accounting and Reporting by Charities.. Statement of Recommended Pracllce appllcable lo charili8s preparing Iheir accounts in accordance with th8 Financial Reporting Standard applicable In thè UK and Republi¢ ol Ireland IFRS 1021 leffe¢tlve 1 January 2019). OBJECTIVES AND ACTf41lTIES Oblectlves and alms To relieve poverty. advancemenl of @ducalion and rellglon. Thls Is achlev8d by the Trust making donations to other charitable inslilulions which have similar objectives and aims. ACHIEVEMENTS AND PERFORMANCE Charltable activities During the year, Ihe Trust made donations lotalllng £28.945 to olher charitable inslilulions. FINANCIAL REVIEW Rosèrve5 poIIcy All the funds held in the bank are unrestricted funds. The Tiusl has no res&rves policy. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by ils govarning dUMent, a deed of trust and conslilules an unincorporo18d charity. Risk managomgnt The trustees have a duly lo klenlKy and revlew the risks lo which the Bharity Is exposed and to ensure appropriat8 corilrols afe In place lo provlde reasonablè assufance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Reglst&r&d Charity number 263896 Prlnclpal address 21 Clarence Terrace London NW14RD Trustees D AuÈrbach P E Auerbach Ind8pgndent ExamlnÈr Jagdish Patel FCCA Xeinadin London Limited 8th Floor Becket Housè 36 Old Jewry London EC2R 8DD Bankers Barclays Bank PIC Lelcester LE7 2BB Page 1
THE AUERBACH TRUST REPORTOF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Approved by order ofthe board ol Iruslees on 18 September 2025 and signed on ils behall by: D Auerbach- Truslee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AUERBACH TRUST Independent Èxaminerfs report to the trust¢¥s of The AueTba¢h Trust I report lo the charity trustees on my examination of the accounts of The Auerbach Trust (the Trust) for the year ended 30 June 2025. Responslbilitles and basis of report As the tharily Irustees of the Trust you are responsible for the preparation Df the accounts in accordance wlh tha requirements of the Charitie5 Ad 2011 I'lhe ACVI. I report in resp8cI of my examination of the Trust's accounts carried oul under Section 145 of the Act and in rrying out my examination I have followed all applicable Directions giv8n by the Charity Commission under Saction 145{51{bl of the Act. Independent examinerfs statsment I have completed my examination. I confim) that no material matters have come to my attention in connection with the eXamnatiOn giving me cause lo belleve that in any rnateri81 respecl.. acrnuntlng records We not kept in respect of the Trust as required by Sactson 130 of the Act.. or the accounts do not acec with those records. or tha accounts do not comply with the applicable requirements conceming the fom and content of accounts set oth in the Charitie5 {AccoLSnts and REPUrtsl Regulations 2008 other than any requirement that the accounls give a true and fair view which Is not a malier considared as part of an independent examination. I h8V8 nD concerns and have como across no olher matters in connection the examination to which attention should be drawn in this report In ord8r to 8nabla 8 proper understanding of the accounts to b8 reached. Jagdish Patel FCCA Xeinadin London Lirniled 8th Floor B8ck81 House 36 Old Jewry London EC2R 8DD 18 September 2025 Page 3
THE AUERBACH TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 2025 Unrestricted funds 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Inv8strn8nt income 32,5C 33,312 EXPENDITURE ON Charitablé activitiés General 29,922 43.806 Nel gain8 on investments 12.372 8,583 NET INCOMEIIEXPENDITUREI 14.956 11,9111 RECONCIUATION OF FUNDS Totsl funds brought fOard 653,949 655,860 TOTAL FUNDS CARRIED FORWARD 868.W5 653.949 The notes fomi part ofthese financaal statements Page 4
THE AUERBACH TRUST BALANCE SHEEr 30 JUNE 2025 2025 Unreslricled funds 2024 Tola fvnds Notes FIXED ASSETS Tanglble assets 258,113 258,113 CURRENT ASSETS Inveslmenls Cash at bank 41,201 372,376 28.829 368.812 414,577 397.641 CREDITORS Amounts falling due within One y68r {3,7851 {1,8051 NET CURRENT ASSErs 410,792 395,836 TOTAL ASSETS LESS CURRENT LIABILITIES 668,905 653,949 NET ASSETS 668,905 653,949 FUNOS Unreslricled funds 668,905 653,949 TOTAL FUNDS 668,905 653,949 Th& finandal ststements were approved by the Board of Trustees and aulhorised f(K issue on 18 September 2025 and were signed on ils behalf by: D Auerbach - TTuslee P E Auerbach- TnJste8 Tha notes fomi part of these finan statsments Page 5
THE AUERBACH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES 8ASIS OF PREPARING THE FINANCIAL STATEMENTS The finanaal slalerllents of the Charity, whi¢h is a putllc nrit entity under FRS 102, have b88n prepared in accordan with the Charities SORP (FRS 102) 'Accountlng and Reporting by Charities.. Statement of Recommended Prgctice 8ppli¢8ble io ¢h8ri1ies préparing thèir 8ccounts in accordance with the Financial Reporting Standard applicabla In the UK and Republic of Ireland IFRS 1021 lfjffective 1 January 20191,, FinanGial Reporting Standard 102 The Financial Re¥x)rling Standard applicable in Ihe UK and Republic of Ireland, and the Charibes Act 2011. The financial statements havè been prepared under the historical cost convention. INCOME Al income is recognised in the S131emenl of Financial ActqlieS once the tharily has enlillemenl lo the funds, it is prDbable that the income will be received and the amount can be measursd reliabty- EXPENDITURE Liabiliiies are iecognised as expenditure as soon as there is a gaI or constructive obllgalio committing the d)8rily to that expenditure. it is F0babIe that a transfer of economic benefits will be required in settlgmant and Iha amount of the obligation can be measured reliably. Expenditure is ccounled for on an accmals basis and has b&en dassified under headings that aggregate all cost related to the category. Where costs cannot be dire¢Uy altribuled to particular headings they have been allocated to activities on a b5Jsis wnsistant wth tha use of rèsourcss. Grants offered subject to conditions which have not been mel al the year end date are noted as cornmiimenl but not accruéd as exp8nditu. TANGIBLE FIXEO ASSETS The freehold property is held for lon9 tem investment and is valued al cost and the trustees are of the opinion that the markel valu8 is n excess ol cost price and hence no depreatson is provided. TAXATION Ihe charity is exempt from tax on its charitatrAe activities. FUND ACCOUNTING Unrestricted fijnds can be used in accordance wslh the charitable objectives al the disuEtiori of the Iwslees. Restrictèd funds CBn only be used for particular restred purposes within the objects of tho charity. Restrictions arise when specified by the donor or when funds are raised for particular restrted purpose5. INVESTMENT INCOME 2025 2024 Rents received Olherfixed assat invèst- Fll D8posII account interest 27,483 721 4,302 30.135 655 2,522 32,506 33,312 Page 6 ¢ontiiiued...
THE AUERBACH TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30JUNE 2025 TRUSTEES. REIAUNERATION AND BENEFITS There were no Iwslees, remunoration or other ben6fft5 for the year ended 30 June 2025 nor for the year ended 30 June 2024. TRUSTEES. EXPENSES There were no tnjstees, expenses pald for the yoar enéed 30 June 2025 nor for the y9ar ended 30 June 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fijnds INCOME ANO ENDOWMENTS FROM Investment income 33,312 EXPENDITURE ON Charitable avItIeS General 43,806 Net gains on investments 8,583 NET INCOMEIIEXPENDITUREI 11,911) RECONCILIATION OF FUNDS T(rtal funds brought forward 655,860 TOTAL FUNDS CARRIED FORWARD 653.949 TANGIBLE FIXED ASSETS Frsehold property COST At l July 2024 and 30 June 2025 258,113 NET BOOK VALUE AI 30 Juna 2025 258,113 At 30 Junè 2024 258,113 Page 7 continued...
THE AUERBACH TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 30 JUNE 2025 CURRENT ASSET INVESTMENTS 2025 2024 Listed investments 41,201 28,829 CREOITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2024 Oth8r creditors 3,785 1,805 MOVEMENT IN FUNDS Nel movement in ftjnds Al 30.6.25 Al 1.7.24 Unrostricted funds General fund Trust fund 153,949 500,000 14,956 168,905 500,000 653,949 14,956 668,905 TOTAL FUNDS 653.949 14,956 668,905 Net movement in funds. inducjed in the above are as follows.. Incoming resources Resources expended Gains and losses Movement n funds Unrestrl¢ted funds Genèral fund 32,506 129,9221 12,372 14,g56 TOTAL FUNDS 32,506 129,9221 12.372 14.956 Comparatlves for movement In funds Nel movémant in funds At 30.6.24 At 1,7.23 Unrèstricted funds General fund Trust lund 155,860 500,000 {1.9111 153,949 500,000 655,860 11,9111 653,949 TOTAL FUNDS 855,860 11,9111 653,949 Page 8 continued...
THE AUERBACH TRUST NOTES TO THE FIN•lNCIAL STATEMENTS- continugd FOR THE YEAR ENDED 30 JUNE 2025 MOVEMENT IN FUNDS. continued Comparatlve ngt movemént In funds, included in tha above are as folk)ws'. Incoming resources Resources expere Gains and losses Movement In lunds Unrestricted funds General fund 33,312 143.806) 8,583 {1,9111 TOTAL FUNDS 33,312 143,806) 8,583 {1.9111 A OJent year 12 months and prior year 12 months combined posttion 18 as follows.. mov8m8nt in funds At 30.6.25 Al 1.7.23 Unrestrictèd funds Gener fvnd Trust fund 155,860 500,0 13,045 168,905 500,000 655,860 13.045 668.905 TOTAL FUNDS 655,860 13,045 e68,905 A current year 12 months and prfor year 12 months coml)In8d nel Movement in funds, induded in the alx)ve are as follows.. Incoming resources Resources expended Gains and Movement 1055e5 in funds Unrestrieted fund8 General fund 65,818 173,7281 20.955 13,045 TOTAL FUNDS 65,818 3,7281 20.955 13,045 RELATED PARTY DISCLOSURES There wore no related party tr8nsactSons for Ihe year ended 30 June 2025. Page g