CHARrrY NO: 1061589
Z & K Z SHAH FOUNDATION
TRUSTEES. ANNUAL REPORT AND ACCOUNTS
loi Ihe
YEAR ENDED 31ST DECEMBER 2022

Z & K Z SHAH FOUNDATION
PAGE 1
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022
REFERENCE AND ADMINISTRATIVE INFORMATION
GOVERNING DOCUMEP
Deed of Trusl
CHARITY NUMBER
1[￿1589
TRUSTEES
Mr Mukesh Shah MBE (Chairman)
Mr Kiran Shah
Mr Anup Shah
PRINCIPAL OFFICE
TORWIX)D
8 Beech Hill Avenue
Hadley Wood
Bamel
Herts EN4 OLW
INDEPENDENT EXAMINER
Rajan Shah
Raj Shah & Co
Chartered Accountants
46 Heddon Court Avenue
Cockloslers
8arnel
Herts EN4 9NG
BANKERS
Barclays Bank plc
$16 High Street
Hilchin
Herts SGS 18J
Santandar UK p
8ootle
Metseysida
L30 4G8

Z & K Z SHAH FOUNDATION
PAGE 2
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022
The trustees present their annual report and financial statements for the year ended 31st December 2022.
The financial statements have been prepared in accordance with the a¢counting poI￿leS set out in note 1 to
the accounts and comply with the Charrtls Trust Deed, the Charities A¢t 2011 and Awounting and Reporting
by Charities.. Slaternenl of Recommended Pradi¢e ap￿1¢able to charity'es preparing their accounts the
Financial Fleporting Stsndard applicable in the UK and RepU￿1C ol Ireland published on 16th July 2014.
STRUCTURE, GOVERNANCE & MANAGEME
M Z & K Z Shah Foundation is constrtuted by Deed of Trust and is a registered charity number 1061589.
The Deed of Trust was amended by a Deed of variation dated 10th March 1997 and 16th May 2016.
New trustees are appointed by a resolution of the trustees passed al a special meetiry of the Iruslees. The
trustees can serve for an indefinite period as loro as a minimum of Ihree trustees remain in office at any time.
The administration of lh8 Charity is carried out from the home of Mr Mukesh Shah, one of the trustees, at no
charge.
The Iruslees annually review the major risks lo which Ihe Foundation is exposed. in particular Ihose related lo
the D￿ratIonS and linances ol Ihe Foundalion especially in connection wlh maintaining fr8e reserves. The
trustees are satisfied thal adequat8 procedures are in place to miligale any risks in the 8v8nt ol any adverse
conditions.
OBJECTrVES AND ACTIVITIES FOR TrIE PU8UC BENEFIT
The Foundation has live principal obj'ecls. narnety..
1. The provision ol r81161 to the poor. the handieaFped. th8 disthed. th6 sick and the aged..
2. The advancem8nt ol 6dueation',
3. The advaneemant ol the Jaln Religlon;
4. Th8 provislon ol land and buildings I￿lUding 8ducalw)nal and racrealv)nal ladlltlas lor publlc us•.
S. To provide r6li61 lor vktims ol disastar.
The arsas ol banelit ar• any part ol thè ￿t)rkI.
Thè Irusi dead givès Iha trusteas thè powèr to appty Iha funds in such a mannar as thay think fit to or for thè
benefit of any of Iht charitablè objacts listed abova. Tha trustèès currèntly havè a px)licy of supporting activitiès
targeiad iowards tha provision ol raliel to tha FX)or, thè haThJicawad. Ihe d15abl8d. tha sick and the aged as
11 as tha advancamant ol education and rNJr8 r8cèntly to thè provision of raliaf to victims of disastèr.
ACHIEVEMEfft AND PERFORMA￿cE
The level of donations drOW￿d this year and th8 total coll*1￿1 including Gifi aid income lax r81i8f wa5 £105,365.
Charitable contribution5 tolalled in 8xc8ss 01 £121k. Donations Were rnad8 towards Ihe following causes..
A contribution of £12,798 to Ih8 HighlarKJ Prirnary School refurt)i5hrn8nt project in the town of Kericho,
Kenya.
b A donation of £20k to th8 Ratna NKlhi Charitable TrusL India lowards th8 f(XKI relief progratnrn8.

Z & K Z SHAH FOUNDATION
PAGE 3
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022
ACHIEVEMENTS AND PERFORMANCE . Continued
c Payments totalling £26,280 to the Ararrt)ha Foundation, Nepal for belter he￿th and quality education
and Modular Montessori Projects.
d A donation of £1 Ok to the Chandani Parivar Charitable Trust in sw)tKJrt of the Olives Rehabilitation Centre
which helps children at risk in the slurns of Bornbolulu, Mon4)as&
Contribution tolalling £10.394 towards bor8hole drilling projects for the provision of clean drinking water
in the remoter regions ol Kenya
Donation of £16.878 to a Kenyan based chaiity ITeam Pank4' Foundation) towards the sponsorship ol
1,000 relief food harnpers in the Sarnbuw region ol Kenya. A furlher donabon of £9.678 was also given
towards food and edurAtional relief prograrnn￿ in Kenya.
A donation of £2.400 was rnade to a UK based charity (Help Change ￿ves> towards a Kenyan Secondary
School Fees AppeJ.
h A contribution of £2,170 to Hands ol H¢Jpe. a local Ugandan charty towards the Skills 4 Lif8 Project.
I Payment of £5k to a UK charily. Sa￿e Intemalional. wotl(ing in Uganda to help gitls living on the slre8ts
to leave the streets to a Drop in Centre and relurn them to educalion.
l A donation ol fJk to a UK eharity lowafds th6 Ukrain8 cr￿lS AFp6al.
k Various srnall donations tolalling £953 in suppKJrt ol loo￿ UK syoiects invofving medical care and support
and relief ol poverty.
The Foundation has contlnuad As Invo￿•M￿nI in a mapr FWOi8Ct involving the Coll￿tIOn ol unused and unwanted
gdueational books and their eventual transportaiion 10 India lor disiribulion to schools in the remolar and poorar
regions. A sum of £1.700 was speni on lieighl ch￿ge$ during the year.
PLANS FOR THE FUTURE
The Truslaes aro committed to Iho supporf ol all ol Iha proj8cis notad abovè and othar worthwhilg causas wlth
halp of their family and supportars in Kanya, India aThJ othèr parts of Ihe worfd.
Th• Trustees elforts since its incepiion havo beèn directe(I morè towards Ihe f•11￿ ol victims ol disaster, thè
provision of oducaiion facilitias lor thè needy and poor as wèll as providing for thè old. sick and disabled. Tho
trustaas considtr Ihai thèir own raligious èthos ènabks thèm ￿ prov¥Ja an èssanbal and valuèd public b&nafit
to pèopla in nèad ragardlèss of Iheir rèligion or bal￿1.
As prèviously mèntion8d, tharè arè sèv8ral Insiitulions in UK. who ￿1th th8ir affiliations ara morè
suited Io enhancing Ihe prornotion ol Jajnisrn. The Trustees have carefully con5id8r8d this asp8Ct of its obj8Cts
clause and feel Ihat their focus toward5 helping Ihe ￿)r, arKI sick deriv8s greater public benefit. The
Foundation Irusl8e5 ￿11 write lo the Charity Cotntnis5ion to have ihis obJ8cts clause rernoved.

Z & K Z SHAH FOUNDATION
PAGE 4
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022
FINANCIAL REVIEW & RESERVES POLICY
Unspent income reserves at the balance sheet date arnOUnt￿ to £251.363131sl December 2021.. £254,614).
The trustees are well aware of the need to mwntain reserves al a reasonatAe level and feel that this will be
achieved from the surplus arising frorn the renlal inwme being generated from the charivs investment asset
and from sizeable donations whth wll be made by Iwo of Ihe Iruslees whenever required lo enable the Charity
to meet rts staled objectives.
The trustees are confident that the Chanty W￿11 conbnue lo receive adequate lunding albeit from the surplus
inveslrnenl incorne arising from its investment asset as well as the continueLI funding from Ihe trustees to
enable il to carry on with its stated objectives for the loreseeable future.
Signed on behalf ol the Board ol Trustees
Mukesh Shah Ichairrnanl
Dale.. 19th September 20¥3

Z & K Z SHAH FOUNDATION
PAGE 5
INDEPENDENT EXAMINERE REPORT TO THE TRUSTEESOF M Z & K Z SHAH FOUNDAMON
I rerx)rt on the financial $￿ter￿nIS of M Z & K Z Shah Four%Yation for the year er*Yed 31st December 2022 which
comprise the Statement of Financial Activities. the B￿ance Str*et and relat&Y notes
This report is made solely to the charrtls trustees, as a t￿y, in accordance ￿th section 145 of the Charrtrfs
Act 2011. My work has been undertaken so that I might stale to the charitrfs trustees those matters that l am
required lo slate to them in this report and for no other purpose. To the lullesl extent pemiitted by law, I do not
accept or assurne respongbilily to anyone other than th8 charty and the charity, for rny work, for this report or
for the opinions I have formed.
Responsibillties and basls of report
As the trustees of the charity you are responsible lor the preparation of financi￿ statements in aixordance with
the requirements of the Charities Act 2011 1'The Act")
I r8POrt in ￿pect of my examination of the tharity's ￿ar￿la1 statements carTied out under secbon 145 of th8 Act
and in carrying out rny examination. I have lollowed ￿1 th8 applicabl8 th'rections given by the Charity Commission
under section 14515llbl ol the Act.
An independent exarninalion does f￿t invofve galhertr%J all the evidence Ihal would be required in an audit and
consequently does not cover all the matters Ihal an awlitor considers in giving their opinion on the financial
slaternenls. The planning and conduct of an a￿lit goes beyond the limited assurance thal an independent
examination can provide. Consequenlty l express no opinion as to whether the financial stalemonts present
'true and lair, vbw and my report is Ilnwted to thos8 specrfic matters set out in the ind8pend8nt examinorfs
slaternenl.
Indepondent examln•r's stat•ment
Where the gross incorne ol the charity 6xceeds £250.000. your 6xaminer must be a mombor ol a body listed in
seelion 145 ol the 2011 Act. I conlirn) Ihat l am walilied to uThJ6rtake Ihe 6xamination because l am a member ol
the ICAEW. which Is on8 ol thè listéd bodies.
I have complel8¢J my examination. I confirm thal no material matters have coma to my attention in connacllon with
th8 examination givin9 m• eause lo 08li6vè that in any Materi￿ rns[￿..
al accounting racords w8r• not k8pI in rèswet ol thè charity as raquir8d by s8elon 130 01 tha Ael., or
bl tha financial stai6mants do not accorfl with t￿lSe r6cords,' c
el tha financial staiamants do not comply wlh tha appl￿1& raquirèmants concèrning Ihè form and contant
of aecounts sat out in tha Charitias (Accounis and Raportsl Ragulations 2008 othar than any raquirèmènt
that the accounts give a'tru8 and lair view which is not a rTwller consvJ8red a5 part of an independent
èxamination.
I have no concerns and have corne auoss no other matters in (x)nnection wlh th8 exatnination to which att8ntion
should be drawn in this r8lM)rt in ord8r to 8nab18 a wop8r understanding ol th? financial statern8nt5 to be reached.
Raj Shah & Co, Barnet. Herts EN4 9NG
Date.. 19th S8Pt8fflb8r 2023
Rajan Shah
Chartered Accountant

Z & K Z SHAH FOUNDATION
PAGE 6
STATEMENT OF FINANCIAL ACTrVITIES
{in¢ludingl INCOME AND EXPENDfwRE ACCOUI
Yeor ended
31st D
2021
Year ended 3181 t)ecember 2022
Notes
ExpEnd*lB lthres¢rlr¢ed
Endowmenl
Funds
Funds
Tot•1
Funds
Totol
Funds
INCOMING RESOURCES
1c
Voluntary Income
Donations including those on gilt aid
Incorne lax recovered on gift aKI donations
80.350
25,015
80,350
25,015
349,993
45,399
Investment Income
Rental income - excluding VAT
Interest
13,714
13,714
289
15,000
289
TOTAL INCOMING RESOURCES
13.714
105.654
119.368
410.412
RESOURCES expeNDED
1d
Charltablo expendlture
121.251
121.251
368,410
Govornance costs
10&6
1.$00
65
1.565
294
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES
OTHER RECOGNISED GAINS AND LOSSES
Gain on invesimeni unrealised
NET MOVEMENT IN FUNDS
12,214
115.6621
13,4481
43,708
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
Transfers boiween funds
413.864
12.712
413,864
370,156
112.7121
TOTAL FUNDS CARRIED FORWARD

Z & K Z SHAH FOUNDATION
PAGE 7
BALANCE SHE￿ AS AT 31ST DECEMBER 2022
Notes
2021
2021
FIXED ASSETS
Investrnent property
1f&3
160,000
160,000
CURREMfs ASSETS
Cash al bank
251,363
254,614
251,363
254,614
CREDITORS- Amounts lalllng due withln one yajr
Accruals
194n
17501
947
750
NET CURRENT ASSETS
250.416
253.864
TOTAL ASSETS Less CURRENT LIABILITIES
410.416
413.864
NET ASSETS
41
Represented by..
FUNDS OFTHE CHARITY
Expendable endowment funds
Unrestricted incorne lunds
1b&4a
1b&4a
159,053
251,363
159,250
254.614
TOTAL FUNDS
Approved by tha Boar¢J ol trust•as on 19th S6pt6ntsi 2023 aThJ signad on its bahall by..
Mukash Shah ICh8imi8nl

Z & K Z SHAH FOUNDATION
PAGE 8
NOTES TO THE Accoup¥rs
FOR THE YEAR ENDED 31ST DECEMBER 2022
ACCOUNTING POUCIES
The principJ accounting polKies a(bpled, I￿eMentS and key sources of estimation uncertwnty in the
preparation of financial slatements are as lollow5'.
a Basis of preparo¢ion
The financial statements have been prepared in accordance wth the historical cost convention wth th8
exception ol investment property which is included al market valuab'on. The financial statements have been
prepared in accordance with Statement of Recommended Practice - Accounling and Reporting by Charities
preparing their accounts in accordance vAlh the Financial Reportirrtj Slandard applicable in the UK and
Republic of Ireland IFRS 1021 (issued in October 20191- Charities SORP IFRS 1021. the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities
Ac12011.
The Trust conslitules a public tenelil enlity as d8fined by FAS 102.
Assets and liabililies are initially recognised at hislorical (xjst or transaction valu8 unless olhetwise staled
in the relevant aceounting policy nolelsl.
Golng Concern
The trustees consider Ihal there are no malwial uncertainties about the eharilable Trusfs ability to continue
as a going eoncern.
b Fund accountlng
Unrgstrlctad funds ar6 aVaila￿e lo spand on actNilies that lurth8r any ol tha a￿1vItIeS of tha charitable Trusl
The expendable oThJowmenl was create(I when iha trust acquired tha investment propèrty. All ol the exeess
ol tho walis8d incom8 ov•r 84)aThJilur6 on Iha •ndovm)ent is always translarr8d to unr•strictgd funds.
e Ineom•
Donations art r6cognis6d whera thafe is antillemènt, cartainty ol racaipi and tha amount can ba maasurèd
with raasonabla cartainty.
Tax racovèrad on 9ift aid donations is r*eognis8d ￿)8n a claim is madè and racaiv8d.
Invèstmant ineoma and intèrèst arè gsnarally racognis8(I whèn rac8wad.
d Expandltum and irroe¢)yorab￿ VAT
Exp8nditur8 15 r￿Qg￿lS￿d once there is 818gal or (x)nstructiv8 otAigation to mak8 a payrnent to a third party
it is probable that 58tt18rn8nt wll b8 rewired arKI Ih8 atnount of lh8 obligatK)n can be rn88sured reliably.
Irrecoverable VAT is charg￿1 against the 8XP8fKliture h8ading for which tt wa5 Incurr￿1.
All 8xp8nditure is a(xounted lor on an al￿rU￿S basis.

Z & K Z SHAH FOUNDATION
PAGE 9
NOTES TO THE Accoup¥rs
FOR THE YEAR ENDED 31ST DECEMBER 2022
e Governan￿ ws¢s
Governance costs ¢omwi5e all costs irwo￿ln9 the publr accountability of Ihe ¢harty and compliance with
regulation and go¢)d practice. These include costs related lo iThYependent examination and legal fees
together with an apportionment of ovethead ￿ support costs.
Investment property
Investment property is accounteLI for as follows-
Investment property is initially recognised at cost which includes purchase cost and any directly attributed
expenditu￿.
Investment property whose fair value can te rneasured reliably are n*asured at fair value.
All gains and bsses are laken to the Stalement of Financial Activih8s as they arise.
Realised gains and losses on the inveslmenl are c*ulaled as Ihe dirfere￿6 bets¥een sales proceeds and
its opening carrwng value or rts purchas6 price il acquired subsequenl to lh8 hrst day ol the financial p8riod.
2 TRUSTEES AND EMPLOYEES
2022
Number
2021
Number
These comprisa..
Trustees
The three Iruslees ar8 all invofved in Iha manag8menl and administration ol the charitabla company. No
salaries or expansas wer6 paid during the year12019'. £Nil)
3 INVESTMENT PROPERTY
2022
2021
Markei value broughl forward
Net Surplus on revaluation
160,000
160,000
Marktl vdua carriad forward
Historical cost at bdanca sheei datè
104,084
104,084
In the opinKJn ol tha trusta&S Mark￿ valua of invèstmant proparty at thè balanca Sh￿ data rèrn8ins
at £160k.

Z & K Z SHAH FOUNDATION
PAGE10
NOTES TO THE Accoup¥rs
FOR THE YEAR ENDED 31ST DECEMBER 2022
4 ANALYSIS OF AssErs
2022
2022
2021
2021
a) The net assets cornprise the follo￿Ing
funds..
EXPENDABLE iINRESTrIrn EXPENDABLE
FiINDS
ENDOWMEKr
UNREsTR￿TED
FUtrIDS
Fixed asset investment
Accruals
Cash al bank
160,000
19471
160,000
17501
251,363
254,614
bl Unrealised gains included in net assets amount lo £55,91612021.. £55,9161. These ￿late lo the fixed asset
investment property only (see note 4c below).
cl Reconclllallon ol movemenls In unreallsed
galns on Ilxod asset Investments
2022
2021
Unrealised gains as at 1st January 2022
Net gain on revaluation at the year 8ThJ
55,916
55,916
Unrealised gains as at 31 st December 2022
S TRANSACTIONS WITh TRUSTEES AND RELATED PERSONS
The inveslrnenl property is161 at a markel rent 01 £18.950 Ipr6viously £15kl par annum lo Motor Parts
Direct Limile(J, a trading eompany in which t%KJ Truslees (Messrs Mukesh and Kiran Shah) were diroctors
and also had shareholdings lor part ol the y&ar12021." wholè yearl.
6 EXPENDITURE
2022
2021
Gov8rnanc6 costs comp￿&..
Bank eharg6s
Legal fees on lèase ranewal
65
1,500
294