REGISTEPID CHARITY NUMBER: 1117983 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 FOR THE H & J VtSRAM FOUNDATION PSJ Alexander & Co CharfeTed Accoufjiallts l Dougbty Stye LondoTL WCIN2PH THE H& J VISRAM FOUNDATION CONTENTS OF THE FTNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 Page Report of the TTU5tees Jnde5xnd¢nt Examinets R¢port Statemeniof Financial Adivities alance Sheet Noits lothe Financial Statement5 Detailed Statem¢ni of Fin4n¢ial A¢iivities THE H & J VISRAM FOiINDATION REPORT OF THE TKUSTEES FOR THE YEAR ENDED 31ST DECEMBER2021 The tru5tee5 pres¢Jit their Teport with the fjnancial 5taiements of the ¢harity for the year ended 31st D¢¢embcF 2021. The trjstecs have &dO￿ed the provisions of A¢eounling and RtportJn8 by Choriti¢5'. Siatun¢nl of RecOmll￿nded Practic¢ applicable io ¢harities prepann¥ their accounts in attoFdance with the Financial RepDnin8 Stsndard applicable in the UK and Republie ofiTeland IFRS 1021 leffeaive I Jatsuary 20191. ORIECTIVES AND ACT[￿TIEs Obje¢tivt5 aitns The objrclive5 of ibe Tn￿1 are broadly defined As.. o To advance the religion of Islam foFthe benefit of the publit o To advance ihr cducatii)ft ¢fthe publi¢ (kTo assisi in the treatm¢ni and care of pcrsonssufferinB from m¢nial and physi¢al illnES5 o Th¢rebef of fu)an¢ial hardship SignifJtAMt activitie$ The Cbanty ie¢¢ived donations of £139.700 12020.. £155.7771 aDrt several don•tioL5 tO1￿]Ing £120,625 12020.. £93,670) primarily 10 other UK based charities. Further infomalion has be*n provided below. Pknblic b¢Trtllt The Truxiee% cnnfiym th*1 they h*vè Complied With the duty ,' S¢clion 4 of tbG Cbant1¢5 A¢t ZQOO iu dur tEBard 10 the Ckanty Commissiontr's gen¢ral guidance on public beD¢fii.'Charitie5 and ￿bliC B¢n¢fif. The ]nain aciiwlies of the Charity continue to be the making of ¢h#ri¢able donxtions in aceordan¢t with the objects. Each donAiion was aDticipated ro satisfy the public b¢n¢fii requirerlleni. Reports w¢rt rt8ularly submitttd on ho￿ the dtr]￿ted funds were bEillg sp¢ni. Itt tswordan¢c With thc Cliaiity QvYrniHncr Cod¢. l. The Tn￿t¢¢5 are clearon the Charity$ 4im$ and obJ¢ciive5 and iry to e115ure that th¢se aTe deliV￿ed effectively And $UStsinably 2. The Trusiee5 aim to l¢ad effectsvely and in accordance with the Chariws objeetikes 3. Th¢ Ttusiees aet with iniegnty 4. The Trustee% ¢n$UTe th31 d¢¢i5ion making 1$ informed. ri80T0￿. and limcly. and th81 tffective n$k asstssments and ¢onknls arc s¢1 up and monttored J. The Trll$t¢t$ work togethET to forn) aL effxlive tram a good blend of skills. ¢xpenenc¢ knowledgt to It￿e effe¢tive and ujfornied de¢isions 6. Th¢ Ttuslees und¢TStaDd ihat LlWrtaDce of ¢knver51ry and bow the benefits of diversity $upp)n tb¢ T￿￿tee5 ￿ tbeir ¢ffettiveD¢SS. (kci5ion makiD& and leaduship ?. The Trustees are transpareni and a¢¢otsntable in 411 their deiling$. Ihe Chanly Commission UDdertook a cotnplian¢¢ wsii on 18 Stplember 2019. The TTUStett entered into an optn and frank di5CU5sion with the Compltan¢e Vi5ii and Inspection TeaTn members ￿ardIng the Chatiils background. activiiits. and govern&n¢e On 18 May 2020. the Charily commissio￿ seni a closure letter w the Trusiees With a number of adion points io implenRnl. The Charity Commi$$ion also confirnied thai undtt 5eclion 15121 of the Ch￿￿1]es Act 2011. they were closing their Tegulaiory case, bul would theck compliance with th¢it aclion points aDd n￿Y xlso Tevisjl the Cbarity Jn the future. The Trnsiee5 commiiiii¢4ted wjth ihe Cbarity con￿￿)ssIOn oll 29 Octokr 2020 10 tspdxtp Ihern on the 5ignJfJeatti amount of work undertakert by thr Trusiets in awordancL With thr [cqU￿eMc￿ts of their letterof18 May 2020. On 22 July 2021. the Chanty CoTh]nis5ion reqyesied ihe TtUS*¢5 provide the following wli¢ie$ lo the CommissiDll. Poli¢> OD Cotttlicls ofinier¢si andlor loyalty o Polic) OD financial conirols includin8 fina￿LI¥1 T￿erVeS o Policy on ￿fegUarding o P4)li¢y on prott¢ting the ch￿ltY fri>m extr¢mi$m, *rronsm OT illegal aciivity. aThl OA ¢opy of a MtmoTandum of Understanding benveen ihe Cbarity and on¢ of its paT¢ners. The Trustees respDnded fo th¢ Charity Conimi5sion on 29 July 2021 ihe inforniaiion rcque51ed and ha$ Teceived no further response from ihe Charity Commission 10 date. Jn ¢#$e. the Te¢ommendalion5 made by the Charity CottllDiSSiQll have been coftsidtred by th¢ Tmsiees and ar¢ being inylemenied lif noi alr¢ady in plac¢) as appropri81¢. Pa8¢ 1 THE H & J VISRAM FOUNDATION REPORT OF THE IRUSTEES FOR THE YBAR ENDED 31ST DECEMBER 2021 ACHIEVEMENT AI¥D PERFORMANCE Chlritablt Activitles Charlt*ble A¢t1vI￿¢S ID tht UK The following is 9 sumtnary of¢haritable donations mad¢ in the UK duiing the yeat." . A dotsaiioD to a UK b&s¢d ¢h8tity CODStruct￿ additionkl buildiDg as pth of theiT Jsl*nic centyt th Fate]]am foT the provision of religiou5 educetiun and the propa8aTion of th¢ teachings of I51am. A donation paid directly 10 the UnivtTSity Coll¢ge BJrniin8ham ro supptsrt Ihe sttond-ycar univwsity fees (kf all inlernasioftal stud¢DI reading a BA in Early Childhood Studies. A donation paid directly 10 Ihe Unl￿tr$lty of Potsmouth. Ini¢rnationg1 College to support the fiysi-year univetsity f¢es of an Ltemalional student readin8 BA IHoDsI A¢counling WjTh FuJan¢¢. A donaiion paid dire¢ily lo Bimiingham Aston Utuversity 10 sUPPOrt the fiMI ye*r uThiver%ity f*es of ijknwtional Étudqnt Thidiths ()ploniety -A don41l0￿ 10 2 in( based ¢allcei re5earcb Ch￿lty on behalf on an Itsdividu￿ wajkillg from LaJkd5' End go Jtshll o Gloats. Ch*rlt*ble acthddts ovtslde of ihc UK The ChArity's donaiioL% were mAd*. irt ihe UK io UK based eh#ntios, but thr main b¢]h¢firiun¢s W¢JE Qv¢¥idr vfthr UK. - To advan¢t the rt]igion of J51am for iht bemel]l o(pub]i¢ -Nodonaiions made th this ca*80ry ihi$ y b. TO AdY•n¢< the tdbratloD yubllr A donaljon paid direcily 10 PenDsylv&nia Stale Untver5ity in the United Ststs5 of Am¢nca towards the fee5 of a second yeBr Methanjcal Etigineerin8 Sh￿DI (whose fatllily al$4 face finan¢ial hardslupl. A donation io a UK based ehatity helpin8 to el&minak discrimimiion againsi sch￿1 girls in Kenya through the funding of a girls Reusable Sanitary Pad Schem¢. - A donaliOD io a UK b&sed ¢hatity with ty specific reJJii to work itt Fast AfrJ"¢a fund￿8 a project lo pmvide gir15, ¢¢enaBe molh¢rs and other survivors of child n￿MISeS with informal vocational edu¢*tion and traibiRg lo gen¢raie an incom¢ for daily n¢¢ds. A donation 10 a UK based charity with a specific remit 10 work in bsi Africa funding a PrnJ¢ei lo buy a bri¢k makJn8 m#¢hine and addiiional ¢quipment Ind material$ io help improve the tducaiional 8nd economi¢ opportunities in a village in one of th¢ poorest pans of Tanzania by also providing business mana8eTneni $kill$ traiTLin - A donation io support the education of Ibe cbi1th¢￿1orpbaDs of AIT)S vi?.lith$ in Ugsnda. t. To as￿$11￿ the tre*thitnt tllTe of per$0￿5 Suffe￿￿8 from melli%1 and phy91¢al IIIDess - A donation ￿ a UK b¥ed charity seeking to tquip a n¢wly built health¢aTe centre in BanglRthsh with a v8n¢ty or[￿edICal equipmejji includin8 SuTBiclll Ceilin8 lighis. 8n ECG rna¢hine, a portable dentsl X-Ray ma¢hille. an operating table. an ambulanc¢. #nd a pati¢ni moniioT. A donAtior io a UK based charity working to provide humalli13rian and health r¢lief by supporting an emergency Covid xpp¢*l UJ India $pecJfically fèr the pyr¢hase of oxygen machines in hospitsl$ for pooraDd NwlDtrable patieDts ￿ff￿]ng from Covid. A doDiiion lo a UK based ch￿ty proYidtn8 for two fiJlly equipped ambulanct$ 10 Vl5ii an aT¢a in Yemen housing 70.0(K) people in thTee refuÈ¢t camps so that medi¢al professioJJ¥l can pn)wde Thelical eN'Alualion. adrninistraiion of vaccine$. vitamins and other nee¢$sary meéirplion (Give a Gift, fjivt a Life app¢all. A dtsnation to a UK based ¢haTity pruvidinB Covid vaccines in an emergency Covid appeal for India in an att¢mpt to Iinui hwnanitarian and health disasier ID the country. A donalion lo a UK based th#rity 5eekin¥ lo providt eye camp5 in Kenya and Tanzaw2 with a view to id¢nlifying gnd torteciift¥ ihe vtsion ¢f¢ataract patients. d. Tht rÈ]Itf of fiu4Dclal h*Td5hlps Donaiions to a UK k$¢d charity providing over l Million thildren worldwide with a mral eyery d8y that they attend srhool in ¢ountiies irtcluding Ethiopia, Liberia, Ben1￿ Syria, Usand4 and IDdia - A donaiiots to assist a needy f3nuly based East Africa io pay the Teng81 Df their family home forthe y￿. Page 2 THE H & J VISRAM FOUNDATJON RF.PORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021 A donaiion 10 a UK b&s¢d Charity assishng a widowand her disabl¢d child based in East Aftica with the1rann￿l rtni. A donatiort 10 a UK bosed charity with a spccific remit to work in EEst Africa fundu)8 a revolvll)g goal proje¢i to support older people froTll deprived rnral artas by mertafing iheir access to food, income and he￿th¢are. A donatlOD to a UK b#5ed charity fiJndrai$ing for iht Consin￿lion of an Over-he￿ water tsnk in the Skardu Valley that would hold 28,(XX) litre5 of water lo support l(X) f8nulies IiviD8 ￿ this remote re￿0￿ of P&kistsn, lo promote economi¢ uplitbntnt aDd to provid¢ tnicrofjnance opwrtUDilies A do]Jalion io * UK based thanty with a specific iemit to work in Ea51 Afr&ta ￿ fund the PTovision of two bore holes and watei pump5 10 ¢nsure peoplE in that r¢won can atre55 cle2n waterall y¢ar round without to mak¢ * long Journcy lo do $0. - A donaiion to a UK bascd charity taT8eting nttdy families worldwidE by disknbutinE food b￿kets including ess¢niial food ilems lo feed fathily of 5 fol two weeks ellch. - A thnaiion lo a UK based tharity p￿)￿Iding the n¢cdy w&th emergency f4)od pare¢l$ and ess¢niial medieal and 5aftiiation kits on a global scale (SirivinE Againsi Stsrvaiion 2021 Food PaT¢¢I Progtymm¢l. - A donation 10 a UK based charity seek￿$ to provide UTgent huthawiATian reb.ef to inlernogionally displa¢¢d refiw¢$ in AfghanistaD through ihe provision of food parcel5. A donarion to a UK based ¢harity supporting widows through the provision of 21K) basic food baskets ￿ aid sn the proNrysion of relief from daily hardship. A donaiion ts) a UK based charity responding lo a naiional ¢mer8ency declared in Kenya due io a droughi Causing harsh eonditions. lack of acc¢ss 10 essential llEed5. deatb and d¢vastation. - A donation io a UK bas¢d rharity fulld raising specifically to Purchase blankets lo wgrd off the bitt¢r winters in Afghanistan, Iraq, India and Yemen. Fundr*lsiDg aetlvltie5 Tho Chanty ¢onttnued to fuud rdise PriTnanly through do￿tbonS from family ¢oJnpaRie5. Inv¢stmeDt perform•n¢e The TTUSte¢s coniiRued ￿ own an invesm)eni property, which was priv•iely rentro out al a rnarktl rent. The Tentsl income Js used primanly foi the objt¢l of advant￿g edll¢aiion. Addii)onally, th¢ Truslees Id¢nlified A fuTther property in which to Iiive51 the Charity's fvnd5 5pecJfi¢)Ily restric*d for the putposes of buying a property. The Tru51ees eompleled on the ￿le of Ihis property in Jwie 2021. The ptoperry h45 been renied out ai i market rent U¥Jns a WOP¢ily iuilal &¥cncy. The renTai inc¢)mc will b¢ used primarily for lh¢ object of advancin8 edy¢aiion. Poge 3 THE H & J VISRAM FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 FINANCIAL REVIEW FSnan¢iil po5itlo FiD*ncial Dt5Plte the 8lob•l pandemir. the TTU51ees do feel t1￿ fiNncial p¢rf0rn12nce a￿d financial PDSilion ha$ been as detrimentally impa¢ted 10 the ¢Alenl thai il otheThvi5e might have b¢¢n. DuTing the a¢¢ourLiin8 wiod UDdeT review.. the TnLSt rrised a sum of £158,310 12020.. £166.1111 from donotJo#s. rerltaj income and gift aid iDcluthng4 S￿￿11 amount of inlcresl of£lO12020. £2821. There was 4.7/0 d¢(re￿¢ in incomi￿8 revenue compared io the pr¢vious y¢ar. The TDJ$lees believe th¢rt 18 not a mal¢rial d2ffer¢nce in the in¢orning revenue thai needs 10 giv¢tt ¢on5ideraiion. A of £125,871 12020.. £94,447) ¢XPEDded ￿ f￿aN¢t the r.hAritsble attiv>tLes wported by thc Tr&ut. Th¢i¢ 33Yè incr¢ase In eXwd1￿re compared 10 the pr¢vious y¢ar. Donation5 by the Trnsi will be restric￿ lo th¢amount ofdonations rec¢ived by ihe Tr￿ $0 that deficits cannoi arise. The Tru51ees are Yery pIC￿ed th¢ way th¢ir Contrbuiions have achi¢ved suc¢¢s$flll Tesults and a]le￿idIed haidship for a si8nific&ni numberofpeople ITh differenl w>lksof life. Th¢ Tn￿tte5 how¢ver havc noted that the annual attounts aTe requiTd unnsibilitie5.' Mt CJ Ncwhow Mrs Y Somji Mrs S M2nJl MrMoha]ned Visram Cbair Treasurei and Charity cO￿eSpOndenT Se¢retary Pyimary Chaysty Partner Liaison and Ptoject IdentifJeT All Trusitt$ aciivities are voluntary. and no rcThvneratioTr is paid 10 any Tn￿tte. The abov¢ Trustees alstr hold the lille of th¢ propeTty belonging 10 the Chanty ID theirnatnes. Indtpelldtnt Kxamlner PSJ Alexander& Co Cbaneted Aecouutsnts l Dots¥hty Stre¢t London WCIN2PH EVENTS SINCE THE END OF THE YEAR AppOI￿t￿ent of ailditiTrng1 Trustees At the Ch&riWs AGM on 0511012022. it was agreed 10 2gk Falernah BhanJi and Kulsum Visnm TO becc>me Charity Twstees subje¢l 10 alternfrons io th¢ ChaTity$ D¢ed of Trn51. Ii was agreed thai the existing T￿$￿t¢S would stek w alt¢T Ihp Deed of T￿s1 and bank mandate lo facilits* such a chan8¢. Approved byord¢r oftht tvard of on............. and sigD¢d OD Ils behalf by-. T¥ustee Pa8e 5 INDFPENDENf EXAMINER'S REPOKT TO THE TRUSTEES OF THE H & J IqSRAM FOUNDATION lthdependelll examlner's rtport io tbt truitoes ofTht H & J VlsrAm FouAd*tlo l T¢POrt to tht ch￿ty trus￿¢$ on tDy ¢xathiti*i04 of th¢ x¢outsts of Th¢ H & J Vi8Tam Foulldation (the Tram) for tht y¢aT eDded Jlsi D¢cetybBr 2021. Pttpoislbliitlei aDd bAils of rtpDrt As ihe ehanty trus￿s of the Tn1￿ you ate Tesponsibk for the PTepaThliDTh of th¢ accowjts in JccO￿)n¢t with the re4lliy¢menLS of the Chanlies Ad2011 Ilbe Adl. I report in tt¥peet of mytxamithatton of Lhe Tn￿S accounts eatTied ¢ut under s¢cl￿n 145 of the and in taTryittB Qut Jny eximinat￿rt I have followed all applicabl¢ DwecliDU5 8bvrllbyth¢ Cb¥mty Cvnuoi$siDn tsttderseciion 145151(blof the Act. Indeptndentexarnlner'j stAttmEnt I h&V¢ completed my examination. I confinn thlli no material morttr& havt come to my dit¢niion in conncction ￿ryTh ihe examinatifAS giying me cau5etobelievc thul in thy rn¥ierwlT¢SPtei'. Qunting r¢¢¢rtts wer¢ tsoi k¢pt thresp¢cg of theTn￿ as reqwTed by Secli¢x 130 oftb¢ A¢L OT th¢ #¢¢wnls doftol accord Vllith IIM>5e r¢wrds: OT the do not ¢OJllP]y with the applicabk req￿￿eMents CODCaDill8 Ihe fotm ¢onitnl Of •¢COLtlltS Sei out in the Chariiics IA¢eoullis 2ttd keportsl R¢8uialion5 2008 other thfyn 4By th&1 ihe occounts give a true and fair VI￿ whiEh 15 nol Tratter coD5id¢Yed aspartofan ind¢￿￿ent cxambftation. I have Do ¢on¢erns ahd h&vt corne Aeross no other matter5 in conne¢livn wth the exAmitiaiion iv whicb artelliion should k dr4wn ID this report oid2r to euablc a PToper ￿￿der$￿￿¢1LU¥ oftht ae¢ouDts to be reached. Mar￿sh Shah ICAEW PSJ AlexandeT &Co ChArteied Accountsnts l Dougbty Sts¢¢t tthdon WCIN 2PH Dai¢., 12 tkl. 123 P48e 6 THE H & J VISRAM FOUNDATION STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR EliDED 31ST DECEMBER 2021 2021 Total nd$ 2020 UnrestrJct¢d funds REstricled fund$ Totxl funds N01¢5 INCOME AND ENDOWMENTS FROM Donation5 and l¢ga¢its 34,( IIA71N 139,7IN 155,777 Inv¢5th￿nt income 18,600 10.334 To¢91 52,600 105,710 158JlO EXPENDITURE ON Raising fllttds $246 5346 777 Cb*rit*ble a¢tiVI￿¢S fj¢tkTal donations Edutaiion Meibcrsl HuJnanilarian tlS.125 19.474 29,125 12.554 sooo 5,00 500 28.317 4,21M) DisasitrTelief Total 120a71 500 125,871 94,447 NET INCO,IfFJffXPENDITURKI 167,771 IODJI 32A39 71,664 RECONCILIATION OF FUNDS Total bTQV5hi fonvard 3n743 39ffi,9J8 7bZ,01S1 TOTAL FUI¥DS CARRIFD FORWARD 302,972 492.148 795.120 762,681 Th¢ tyts￿ forn part ofthes¢ fIn￿¢la1 slaiem¢nts Page 7 THE H & J VISRAM FOUNDATION BALANCF SHFET 31ST DECEMBF.R 2021 2021 Totsl (und$ 2020 Total funds Unrestrictrd frJ￿dS Restrided funds Notes FIXED ASSETS IDv¢sthJtni properry 240,OWJ 271,671 511.671 240,1)00 CURRENT ASSETS Debtors Casb At b•nk SJIO 60.712 5JXO 281,189 5,144 519.187 220877 66,022 220,477 286899 524,331 CREDITORS Amount$ fallins due within ooe yetst {J,0501 3,050) 11.6Jo NET cuRRE￿T ASSETS 62,972 220,477 283A49 522.681 TOTAI, CVRRLNf LIABILITIES 301972 492,148 79S120 762.681 NET ASSETS 302,972 492,148 795,120 762.681 The notes foThn part of these fLnancial 5taiernents Pa8¢ 8 ontinued... THE H &J VISRAM FOiJNDATION BALANCÉ SHEFF-conlinued 31sr DECEMBER 2021 FUNDS Uore$tricttd fvDd8 Restriatd fijnds 301Y12 492,148 370,743 391.938 TOTAL FtiP4DS 795.120 762,681 The fJnanci&l wert approved by th¢ BoaTd LTrf Tntsie¢& 4Thd Dulhori5ed for issue on ¥igntd ots its Lthlf by." arNJ w¢rr Mrs Y Sornji- T Mr M R P VwAin- Ttwt¢¢ M$ S Manji-TTuslee Newhouse- Trustee The notes fonn pth ofth¢st fmsn¢ial stlkrnents Ta8¢9 IHE H & J VISRAM FoifNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 ACCOUNTING POLICIES Basi5 Df prèparing the flrlantlal $tAlemenls The fjnancial sule￿entS of the ¢hariry, which is a public ben¢fJl tnlity UDder FRS 102, have been prep8F¢d In a¢cordaDce with the Charities SORP IFRS 1021 'Accounting and Reporting by Charifies. Sts*meDI of Recommended Practice applicxble to charities prepanng theiT accounts in 8¢¢ordaMce with Ihe Financial R¢porting Stsndud applI¢#bl¢ in Ihe Lll( and Rq)ublic of Ireland IFRS 1021 lefftclive l JaJJu3ry 20191,, Financial Reporting S￿ndard 102 The Financial Repoll￿g Standard 4>plicable ill the LtK Rtpubli¢ of IrelaDd' athd Ibe Charitjes Act 2011 Th¢ fitsatscial statem¢Dts bav¢ beeD prepared under the lustorica] W51 ronvention. All irLcom¢ 1$ re¢wised in the Stsiejneni of Finan¢ial Activiiies once the charity bas ellliilemeni lo thc funds, il 15 probabl¢ thai Ibe income will be received aDd rhe amount ¢aD be measwtd reliably. Donations in kind are included a5 inc4)me kt the￿ estirnate5e of fund 55 iDcluded in the ntsies iotbe finan¢ial SlateL￿ts. Forelgtt turrencles Assets ajjd [￿bilitI¢$ iti forei8n CUTr¢n¢ies aTe translated inl0 sterling at the tsle5 of excbange Nlin8 ai the balance sb¢¢i d¥t¢. Tr2nsa¢lions in forei¥n fTufEncie5 are tsanststed inio sierling ai the Ta* of exchange TuliTrg ai the dale of tyan5aclioD. Exchang¢ differen¢t5 are taken initsa¢count in atriving ai the opergting result. Pag¢ 10 continu¢d.,. THE H & J VISRAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- CODlittued FOR TFIE YEAR ENDED 31ST DECEMBER2021 INVESTMENT LNCOME 2021 2020 R¢nls r¢ttived Dep05I1 actouTrt inieresi 18.600 io 10,052 282 18.610 10,334 TRUSTEES, REMUNERATIO.W AND BENE￿Ts There w¢rt no tNsi¢¢s' muncrntion or other b¢ncfits for ihe y¢8r ended 31st December 2021 nor foT th¢ year ended 3151 D¢¢eTnber 2020. Tru5te¥' expÈn51S Th¢r¢ were no In￿le¢s. ¢xpeDsespaid forth¢ ytaT end¢d 31st Dectmber 2021 noTforttK year cnikd 31st De¢¢mbtr2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UllTesth¢ied fun Resrricted fi]nds Total rullds INCOME A￿D Eh'DOWMENTS FROM DDnatiofts and le8a¢iE5 54,927 100.850 155,777 lnvy5￿￿e￿7 In¢ome 10,Q52 282 10,334 Tot41 64,979 EXPENDITURE ON Raising funds 777 777 Cb•rltHblt aedvltfi General donaiions Edu¢aiion Medical IlllmaJilariAn 19,474 28,102 11,704 19,474 29.125 12,5Y 1.023 ¥)v 28.317 4200 28.317 4200 T•ts] 92,574 1.873 94.447 'ET JNCOMEIIEXPENDITUREI Transfers between lunds 127,5951 99.259 1.023 71,664 4EI movement in f￿nd$ 128.6181 I￿.282 71,664 RECOTriCILIATIOY OF FUNDS Total fi￿d$ broughi forward 399.361 291.656 691.017 TOTAL FUNDS CARRIED FORWARD 370.743 391,938 762.681 Pa8e 11 oniinued... ## THE H & J VISRAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021 ## **5. INVESTMENT PROPERTY** |**FAIR VALUE**
At 1st January 2021
Additions
At 31st December 2021
**NET BOOK VALUE**
At 31st December 2021
At 31st December 2020
The investment property was valued at its fair value at year-end by the Trustees.
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Loan receivable
Rent deposit
Prepayments
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Investment property and Income for education
Investment property
Kolkata House Project
Prayer Hall & School Studies
Food parcel and Ramadan Relief
Property Investment and Property Expenses
**TOTAL FUNDS**|**£**
**240,000**
**271,671**
**511,671**
**511,671**
240,000
**2021**
2020
**£**
£
**4,460**
4,060
**850**
850
**-**
234
**5,310**
5,144
**2021**
2020
**£**
£
**3,050**
1,650
Net
movement
At
At 1/1/21
in funds
31/12/21
£
£
£
**370,743**
**(67,771)**
**302,972**
**5,000**
**(5,000)**
**-**
**356,763**
**105,210**
**461,973**
**18,500**
**-**
**18,500**
**2,750**
**-**
**2,750**
**50**
**-**
**50**
**8,875**
**-**
**8,875**
**391,938**
**100,210**
**492,148**
**762,681**
**32,439**
**795,120**| |---|---| continued... Page 12 THE H & J VISRAM FOUNDATION NOTES TO THE FtNANCIAL STATEMENTS- ¢oniinued FOR THE YEAR ENDED 31ST DECEMBER 2021 MOVEMENT IN FUNDS. continued Net movemEnt in funds. Included irt th¢ obove are as follows.. Incomw8 resources Re501Lrc¢s Expended Movtmellt in funds VHr¢sirlcttd f¥Dd5 G¢neral fund 516110 1121V711 167,7711 Rt$tri¢ted luDd$ InvesimEnl property and Income foTeducation Invesnneni property Meth¢al & H¢alth 105,210 400 (500 15,5001 IIW,210 TOTAL FUNDS 158JlO 1125,8711 31439 comp•￿tIVeS for movement In fuhds Tr￿Sfer9 berweell fund5 movement funds Al 111120 31112QO Unrestrfcitd ftsnds GetMI fund 399.361 127,5951 12,0231 370,743 Restrjtltd funds Inv¢sfynenl prO￿ty End In¢ome ftsT Edurdtion InvestmeDI propcrty Kolkata Hous¢ Proj¢cl Prayer Hall & SchoDI Studies Food parcel and Ramldan Relief 69,825 200.531 18.500 2,750 50 164,8251 55.950 1002%2 350,763 18,500 2.750 50 (1,0231 ,023 8,875 PioEW ]nvestm¢nt 8Dd PropeTty Exptnses 8,875 291,656 99.259 1.023 391,938 TOTAL FUNDS 691,017 71,664 762,681 Pagt 13 ¢olltiDued... THE H & J VISRAM FOUNDATION NOTES TO THE FNANCIAL 5TATEMEffft. Conisnued FOR THE YEAR ENDED 31ST DECEMBER 2021 MOVEMENT IN FUNDS. c•ndnued Compaiative mov¢ment in funds, thrlud¢d in th¢ 4bove att Z65 follows". R¢sources expended Movem¢ni LD funds resour¢¢$ Unrtstricted fullds Gerttt41 fund 64,979 192.5741 (27,5951 Re5trlcied fund$ Inve51meni pro]KTty Education Medical & H¢alih l(X),282 100.282 55 (ssoi 11.8731 99.259 TOTAL FUNDS 194,4471 71.664 A ¢Nffenl year 12 ]Ronths And pIior y¢ar 12 moDibs combiD¢d position 1$ a5 follows.. Nei movtment in funds Transfers betw¢en rthjds Ai 31111121 At Iiir20 UDrtstrirted funds General tun 399,361 195.3661 11.0231 302,972 R¢5trlcied funds Inve51171eni property and lllcome for e41u£&gi Invt51tDent prtspprty KolkBts Huu5e Proje¢1 Prayer Hall & Sch￿] st1￿1¢$ Food parcel and Ramad*n Relief Education Propety IDvestyent alld Property Expenges 69.825 200.531 18,500 2,750 50 15.(XM)) 205,492 {fi4.825) 55,950 461.973 18.500 2,750 50 11,0231 1,023 8.875 8,875 291,656 199,469 1,023 492,148 TOTAL FUNDS 691,017 104.203 795.120 Pa8e 14 THE H & J VtSRAM FOUNDATION NOTES TO THE FTNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2021 MOVEMENT IN FUliDS- A eutttnt year 12 month$ yndprioryear 12 months combined movement ID funds. Included in th¢ pbove are as follows." IDcomuJ8 resour¢¢$ Resources expended Movemeni in funds UDre61rKted fmnds GeJw#l fiuLd 117.579 1212.9451 195,3661 R¢$tTleted funds InveStn￿nI prop¢tty aDd Ineom¢ fortdurdliorl IDvestrneMi propetry EdueatlDn M¢dir41 & Health 15,0001 15,0001 205.492 205.492 11.023) ,350 206,842 17.3731 199.469 TOTAL FUNDS 324,421 1220,3181 104.103 InYt5tmtDt PrnpenSts IlthtOEDe unre$trl¢itdl Th¢ funds aTe donaied to be used solely forthe purwse of purchasing inve5mient properties", Ihe income d¢riv¢d Ibeiefrom is unrestrictcd. Kolkala frvittt Funds io be for a housjng projeci tor Poorond Orphans Kolkats. PrayÈr H*ll & Schoot Stydlts Funds to be used forihe conS￿￿on of ¥ prayerhall and s¢hool foT religiou$ studi¢s in Mumbai Ind&. parcel atsd Rllm*d*n Relltl FuDds donated 10 provi& to￿ pArcel$ io the poor and r¢¢dy during Ram&&D. RELATED PARTY DISCLOSURES lil During the year. the Charity reeeived a donation of £34.(XiO 120?n.fNIl) from ViirgtYL Limited. Mohajlled VIsr￿n. of th¢ $tt¢s Of The 11 & J Vi5ram Foundation is also a diftyioi of Vi5rnm Lirnitrd. li21 DuriDE th¢ year, the Charity received a donaiiort of £50D 12020..£8501 from MT. & Mrs Manji. Mrs M*nji the one of the trusiees and the secretary of The H & J Vi$ram Foundation. to. posrBUNCE SHEET EVENTS After the year end. Mrs. Kulsum Visram and M$. FateThah Bhanji weTe ¢lecied as tN51ees.The Charity is tn pro¢e85 of Dotifying the ChaDlits Commiss10n. P28¢ 15 THE H & J V]SRAM FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTJvfFIES FOR THE YEAR EN'DED 31ST DECEMBER 2021 2021 2020 ¥f.OME AND ENDOWMENTS Donglloll5 leg•eles Donations 139,700 155.777 IDvesimeDt intotht Rcnt5 rec¢iv¢d D¢p0511 account interest 18,6110 10,052 282 18,61 10,334 Tot*] resourc t58JiO EXPENDITURE Rxising don*tlons and le¥%rles PttspertyexpenÉ•s 5,Z46 777 Ch*rliAble Grants to institution$ 120,625 93,670 Totsl resources expended 125.171 94.447 Net Income 32.459 71,664 This po8¢ doe5 Doi form part of the $￿￿tOry fwan¢i#l Statements Pase 16