2024-04-30-accounts

REGISTERED CHARITY NUMBER: 1124912

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ratanben Zaverchand Kara Foundation

TC Group
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

Ratanben Zaverchand Kara Foundation

Contents of the Financial Statements
for the Year Ended 30 April 2024

		Page
Report of the Trustees	1	to	2
Independent Examiner's Report		3
Statement of Financial Activities		4
Balance Sheet		5
Notes to the Financial Statements	6	to	11
Detailed Statement of Financial Activities		12

Ratanben Zaverchand Kara Foundation

Report of the Trustees

for the Year Ended 30 April 2024

The Trustees present their annual report and financial statements for the year ended 30 April 2024.

Thefinancialstatementshavebeenpreparedinaccordancewiththeaccountingpoliciessetoutinnote1tothe financial
statementsandcomplywiththeTrust'sgoverningdocument,theCharitiesAct2011and"AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The Trust's objects are:

-todevelopthecapacityandskillsofsociallyandeconomicallydisadvantagedchildrenandadultsintheUnited Kingdom,
Kenya and India and elsewhere overseas as the trustees determine.

- the relief of financial hardship amongst socially and economically disadvantaged children.

-toadvancetheeducationandtrainingofsociallyandeconomicallydisadvantagedchildrenwithaviewtoenablingthem to
participate in their community and develop and realise their potential.

- to preserve and protect the physical and mental health of socially and economically disadvantaged children.

-theprovisionoffacilitiesforrecreationorotherleisuretimeoccupationwiththeobjectofimprovingtheconditionsoflife of
thosepersonswhohaveneedofsuchfacilitiesbyreasonoftheiryouth,age,infirmityordisablement,financialhardship or
social and economic circumstances.

-toprovideeducationandtrainingto'carers'withinprofessionalbodies,laypeopleandthoseworkingwithin government
structuresindevelopingcountriesandtoraiseawarenessintheUnitedKingdomoftheissuesfacingsuch disadvantaged
children in order to further the aforementioned objects.

TheTrusteeshavepaiddueregardtoguidanceissuedbytheCharityCommissionindecidingwhatactivitiestheTrust should
undertake.ThetrusteesconfirmthattheyhavereferredtotheCharityCommission'sgeneralguidanceonpublicbenefit when
reviewingtheTrust'saimsandobjectivesandinplanningfutureactivities.Inparticular,thetrusteesconsiderhow planned
activities will contribute to the aims and objectives they have set.

ACHIEVEMENT AND PERFORMANCE

TheTrustreceivedincomearisingfromrentalsofitsfreeholdandlongleaseholdproperties.TheTrustprovided charitable
grants to various charity organisations and individuals as per its objectives.

FINANCIAL REVIEW

The detailed results are shown on page 4.

ItisthepolicyoftheTrustthatunrestrictedfundswhichhavenotbeendesignatedforaspecificuseshouldbemaintained at
aleveltosupportcurrentactivitiesandcontinuationoftheprovisionoftheTrust'sobjectiveswhileconsiderationisgiven to
ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

TheTrusteesactivelyreviewthemajorrisks,whichtheTrustfaces,onaregularbasisandbelievethatthecontrolsover the
keyfinancialsystemwillprovidesufficientresourcesintheeventofadverseconditions.TheTrusteeshavealso examined
otheroperationalandbusinessrisksfacedbytheTrustandconfirmthattheyhaveestablishedsystemstomitigate the
significant risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

RatanbenZaverchandKaraFoundationisaTrustgovernedbyatrustdeeddatedApril2008whentheTrustwasformed.It is
registered as a charity in England and Wales with registration number 1124912.

The principal address is 7 Ranmore Avenue, Croydon, Surrey CR0 5QA.

The Trust is also known as RZK Foundation.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1124912

Page 1

Ratanben Zaverchand Kara Foundation

Report of the Trustees for the Year Ended 30 April 2024

Principal address

7 Ranmore Avenue Croydon Surrey CR0 5QA

Trustees

M.D Shah (resigned 25.11.24) Mrs V.M Shah A.D Shah Mrs T Shah S.D Shah S.D Shah Mrs A.S Shah Mrs K.S Shah Ms R Shah (appointed 7.2.25)

Independent Examiner

TC Group First Floor Spitalfields House Stirling Way Borehamwood Hertfordshire WD6 2FX

The Trustees who served during the year and up to the date of signature of the financial statements were:

Mrs Vanita Shah Mr Arvindkumar Shah Mrs Tara Shah Mr Suresh Shah Mrs Anjana Shah Mr Sailesh Shah Mrs Karuna Shah Ms Remy Shah

Trustees are recruited from people who have an interest in the welfare of young people and wish to advance the interests of this group of people.

FUNDS HELD AS CUSTODIAN TRUSTEE

There are no funds held as custodian trustee on behalf of others.

Approved by order of the board of trustees on 14 February 2025 and signed on its behalf by:

S.D Shah - Trustee

Page 2

Independent Examiner's Report to the Trustees of
Ratanben Zaverchand Kara Foundation

Independent examiner's report to the trustees of Ratanben Zaverchand Kara Foundation

IreporttothecharitytrusteesonmyexaminationoftheaccountsofRatanbenZaverchandKaraFoundation(theTrust) for
the year ended 30 April 2024.

Responsibilities and basis of report

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sadikali Gulamabas Premji

TC Group
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

14 February 2025

Page 3

Ratanben Zaverchand Kara Foundation

Statement of Financial Activities

for the Year Ended 30 April 2024

Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 4 Total EXPENDITURE ON Charitable activities Charity to other Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	30.4.24 Unrestricted fund £ 47,500 95,937 143,437 77,729 5,734 83,463 59,974 2,419,048 2,479,022	30.4.23 Total funds £ 29,500 77,470
		106,970
		72,095 2,239
		74,334
		32,636 2,386,412
		2,419,048

The notes form part of these financial statements

Page 4

Ratanben Zaverchand Kara Foundation

Balance Sheet

Balance Sheet
30 April 2024
		30.4.24	30.4.23
		Unrestricted	Total
		fund	funds
	Notes	£	£
FIXED ASSETS
Tangible assets	8	1,910,000	1,910,000
CURRENT ASSETS
Cash at bank		570,093	510,118
CREDITORS
Amounts falling due within one year	9	(1,071)	(1,070)
NET CURRENT ASSETS		569,022	509,048
TOTAL ASSETS LESS CURRENT LIABILITIES		2,479,022	2,419,048
NET ASSETS		2,479,022	2,419,048
FUNDS	10
Unrestricted funds		2,479,022	2,419,048
TOTAL FUNDS		2,479,022	2,419,048

The financial statements were approved by the Board of Trustees and authorised for issue on 14 February 2025 and were signed on its behalf by:

S.D Shah - Trustee

The notes form part of these financial statements

Page 5

Ratanben Zaverchand Kara Foundation

Notes to the Financial Statements

for the Year Ended 30 April 2024

1. CHARITY INFORMATION

RatanbenZaverchandKaraFoundationisaTrustgovernedbyatrustdeeddatedApril2008whentheTrust was
formed. It is registered as a charity in England and Wales with registration number 1124912.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Accounting convention

ThefinancialstatementshavebeenpreparedinaccordancewiththeTrust's[governingdocument],theCharities Act
2011,FRS102"TheFinancialReportingStandardapplicableintheUKandRepublicofIreland"("FRS102")and the
CharitiesSORP"AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102)" (effective 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102.

The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

ThefinancialstatementshavedepartedfromtheCharities(AccountsandReports)Regulations2008onlyto the
extentrequiredtoprovideatrueandfairview.ThisdeparturehasinvolvedfollowingtheStatementof Recommended
PracticeforcharitiesapplyingFRS102ratherthantheversionoftheStatementofRecommendedPracticewhich is
referred to in the Regulations but which has since been withdrawn.

Thefinancialstatementsarepreparedinsterling,whichisthefunctionalcurrencyoftheTrust.Monetaryamounts in
these financial statements are rounded to the nearest £.

Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention.Theprincipalaccounting policies
adopted are set out below.

Going concern

ThetrusteeshaveareasonableexpectationthattheTrusthasadequateresourcestocontinuein operational
existencefortheforeseeablefuture.Thetrusteesregardtheforeseeablefutureasnolessthantwelve months
followingthepublicationoftheTrust'sannualfinancialstatements.ThetrusteeshaveconsideredtheTrust's balance
sheetpositionandreservesasattheyearendandthefutureplansfortheTrust,takingaccountof reasonably
possiblechangesintheincomeoftheTrustandaresatisfiedthattheTrusthassufficientresourcestoremain in
operational existence. Accordingly, they have adopted going concern basis in preparing these financial statements.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthe charity
tothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandthe amount
oftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitment but
not accrued as expenditure.

Tangible fixed assets

Tangiblefixedassetsareinitiallymeasuredatcostandsubsequentlymeasuredatcostorvaluation,net of
depreciation and any impairment losses.

Depreciationisrecognisedsoastowriteoffthecostorvaluationofassetslesstheirresidualvaluesovertheir useful
lives on the following bases:

Land and buildings FreeholdNot depreciated
Land and buildings LeaseholdNot depreciated

continued...

Page 6

Ratanben Zaverchand Kara Foundation

Notes to the Financial Statements - continued

for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Thegainorlossarisingonthedisposalofanassetisdeterminedasthedifferencebetweenthesaleproceedsand the
carrying value of the asset, and is credited or charged to profit or loss.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Impairment of fixed assets

Ateachreportingperiodenddate,thecompanyreviewsthecarryingamountsofitstangibleandintangibleassets to
determinewhetherthereisanyindicationthatthoseassetshavesufferedanimpairmentloss.Ifanysuch indication
exists,therecoverableamountoftheassetisestimatedinordertodeterminetheextentoftheimpairmentloss (if
any).

Cash and cash equivalents

Cashandcashequivalentsarebasicfinancialassetsandincludecashinhand,depositsheldatcallwithbanks, other
short-termliquidinvestmentswithoriginalmaturitiesofthreemonthsorless,andbankoverdrafts.Bank overdrafts
are shown within borrowings in current liabilities.

Financial instruments

TheTrusthaselectedtoapplytheprovisionsofSection11'BasicFinancialInstruments'andSection12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financialinstrumentsarerecognisedinthecompany'sbalancesheetwhenthecompanybecomespartyto the
contractual provisions of the instrument.

Financialassetsandliabilitiesareoffset,withthenetamountspresentedinthefinancialstatements,whenthereis a
legallyenforceablerighttosetofftherecognisedamountsandthereisanintentiontosettleonanetbasisor to
realise the asset and settle the liability simultaneously.

Basic financial assets

Basicfinancialassets,whichincludedebtorsandcashandbankbalances,areinitiallymeasuredattransaction price
includingtransactioncostsandaresubsequentlycarriedatamortisedcostusingtheeffectiveinterestmethod unless
thearrangementconstitutesafinancingtransaction,wherethetransactionismeasuredatthepresentvalueof the
futurereceiptsdiscountedatamarketrateofinterest.Financialassetsclassifiedasreceivablewithinoneyearare not
amortised.

Basic financial liabilities

Basicfinancialliabilities,includingcreditors,bankloans,loansfromfellowgroupcompaniesandpreference shares
thatareclassifiedasdebt,areinitiallyrecognisedattransactionpriceunlessthearrangementconstitutesa financing
transaction,wherethedebtinstrumentismeasuredatthepresentvalueofthefuturepaymentsdiscountedat a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

continued...

Page 7

Ratanben Zaverchand Kara Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Tradecreditorsareobligationstopayforgoodsorservicesthathavebeenacquiredintheordinarycourse of
businessfromsuppliers.Amountspayableareclassifiedascurrentliabilitiesifpaymentisduewithinoneyearor less.
Ifnot,theyarepresentedasnon-currentliabilities.Tradecreditorsarerecognisedinitiallyattransactionprice and
subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or cancelled.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

TerminationbenefitsarerecognisedimmediatelyasanexpensewhentheTrustisdemonstrablycommitted to
terminate the employment of an employee or to provide termination benefits.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

IntheapplicationoftheTrust'saccountingpolicies,theTrusteesarerequiredtomakejudgements,estimates and
assumptionsaboutthecarryingamountofassetsandliabilitiesthatarenotreadilyapparentfromothersources. The
estimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsideredto be
relevant. Actual results may differ from these estimates.

Theestimatesandunderlyingassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimates are
recognisedintheperiodinwhichtheestimateisrevisedwheretherevisionaffectsonlythatperiod,orinthe period
of the revision and future periods where the revision affects both current and future periods.

4. INVESTMENT INCOME

	30.4.24	30.4.23
	£	£
Rents received	81,802	76,790
Deposit account interest	14,135	680
	95,937	77,470

5. SUPPORT COSTS

SUPPORT COSTS
			Governance
	Management	Other	costs	Totals
	£	£	£	£
Other resources expended	1,994	3,440	300	5,734

Governancecostsincludepaymentstotheindependentexaminersof£300(2023:£300)for independent
examination.

continued...

Page 8

Ratanben Zaverchand Kara Foundation

Notes to the Financial Statements - continued

for the Year Ended 30 April 2024

6. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended30April2024norfortheyear ended
30 April 2023.

Trustees' expenses

There were no  trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.

7. STAFF COSTS

The average monthly number of employees during the year was:

	30.04.24	30.04.23
	Number	Number
Total	-	-

There were no employees whose annual remuneration was more than £60,000.

8.

TANGIBLE FIXED ASSETS

COST At 1 May 2023 and 30 April 2024 NET BOOK VALUE At 30 April 2024 At 30 April 2023	Freehold property £ 950,000 950,000 950,000	Long leasehold £ 960,000 960,000 960,000	Totals £ 1,910,000
			1,910,000
			1,910,000

Landandbuildingswithacarryingamountof£1,910,000werevaluedat30April2024bytheTrusteesonthe basis
of market value. The valuation was based on recent market transactions on arm's length terms for similar properties.

At30April2024,hadtherevaluedassetsbeencarriedathistoriccostlessaccumulateddepreciationand accumulated
impairment losses, their carrying amount would have been approximately £1,855,000 (2023: £1,855,000).

continued...

Page 9

Ratanben Zaverchand Kara Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors 10. MOVEMENT IN FUNDS At 1.5.23 £ Unrestricted funds General fund 2,419,048 TOTAL FUNDS 2,419,048 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 143,437 TOTAL FUNDS 143,437 Comparatives for movement in funds At 1.5.22 £ Unrestricted funds General fund 2,386,412 TOTAL FUNDS 2,386,412 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 106,970 TOTAL FUNDS 106,970	30.4.24 £ 1,071 Net movement in funds £ 59,974 59,974 Resources expended £ (83,463) (83,463) Net movement in funds £ 32,636 32,636 Resources expended £ (74,334) (74,334)	30.4.23 £ 1,070 At 30.4.24 £ 2,479,022	30.4.23 £ 1,070 At 30.4.24 £ 2,479,022
		2,479,022
		Movement in funds £ 59,974 59,974 At 30.4.23 £ 2,419,048
		2,419,048
		Movement in funds £ 32,636 32,636
			32,636

continued...

Page 10

Ratanben Zaverchand Kara Foundation

Notes to the Financial Statements - continued

for the Year Ended 30 April 2024

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1.5.22 £ 2,386,412 2,386,412	Net movement in funds £ 92,610 92,610	At 30.4.24 £ 2,479,022
			2,479,022

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:

Unrestricted funds General fund TOTAL FUNDS The unrestricted funds comprises: General unrestricted funds Net movements in funds Revaluation reserve TOTAL FUNDS CARRIED FORWARD	Incoming resources £ 250,407 250,407	Resources expended £ (157,797) (157,797) 30.04.23 £ 2,331,412 32,636 55,000 2,419,048	Movement in funds £ 92,610 92,610 30.04.22 £ 2,337,659 (6,247) 55,000 2,386,412

11. RELATED PARTY DISCLOSURES

Duringtheyear,RZKFoundationreceiveddonationsof£47,500(2023:£29,500)fromacompanyinwhich the
Trustees are the directors.

Page 11

Ratanben Zaverchand Kara Foundation

Detailed Statement of Financial Activities
for the Year Ended 30 April 2024

Detailed Statement of Financial Activities for the Year Ended 30 April 2024
	30.4.24	30.4.23
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	47,500	29,500
Investment income
Rents received	81,802	76,790
Deposit account interest	14,135	680
	95,937	77,470
Total incoming resources	143,437	106,970
EXPENDITURE
Charitable activities
Grants to institutions	77,729	72,095
Support costs
Management
Insurance	1,994	-
Other
Property maintenance	3,440	1,939
Governance costs
Accountancy and legal fees	300	300
Total resources expended	83,463	74,334
Net income	59,974	32,636

This page does not form part of the statutory financial statements

Page 12

RATANBEN ZAVERCHAND KARA FOUNDATION

_____ _____________

Primera Accountants Limited Chartered Accountants 1[st] Floor Spitalfields House Stirling Way Borehamwood WD6 2FX

Date: 14 February 2025

Dear Sirs,

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

We hereby confirm to the best of our knowledge and belief and having made appropriate enquires of other trustees and officials of the charity, the following representations given to you in connection with your independent examination of the financial statements for the year ended 30 April 2024.

1. We acknowledge as trustees our responsibility for making accurate representations to you and for the financial statements which you have prepared on our behalf for the charity.

2. We confirm that all accounting records have been made available to you for the purpose of your independent examination and that all the transactions undertaken by the Trust have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all trustees, management and members’ meetings, have been made available to you.

3. We confirm that, at the balance sheet date, the Trust had no liabilities or provisions other than those recognised and no contingent liabilities other than those disclosed in the financial statements.

4. We confirm that there have been no events since the balance sheet date, which require disclosure or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements.

5. We confirm that the Trust has not contracted for any capital expenditure other that as disclosed in the financial statements.

6. We have advised you of any and all laws and regulations considered central to the operation of the Trust or which provide a legal framework within which the Trust conducts its operations and confirm that there has been no possible or actual instance of non-compliance with those laws and regulations, except as explained to you and as disclosed in the financial statements

7. We confirm that, in our opinion, the Trust’s financial statements should be prepared on the grounds that current and future sources of funding or support will be more than adequate for the Trust’s needs. We believe that no further disclosures in respect of the charity’s ability to continue as a going concern need to be made in the financial statements.

8. We confirm that you were not aware of any transactions with related parties requiring disclosure in the financial statements other than as already disclosed.

9. We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income.

10. We acknowledge our responsibility for the design and implementation of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our own assessment of the risk of fraud in the charity.

1 of 2

1. We confirm that there have been no actual or suspected instances of fraud involving trustees, management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by former trustees, employees, regulators or others.

2. We confirm that we are not aware of any matters of material significance that should be reported to the Charity Commission.

3. In the opinion of the Trustees, the market values of the freehold and leasehold properties on 30 April 2024 were £950,000 and £960,000 respectively.

As minuted by the Board of Trustees at its’ meeting on 14 February 2025.

Yours faithfully,

aiteah

___ Mr Sailesh Shah Trustee

Registered Office: 7 Ranmore Avenue, Croydon, Surrey CR0 5QA

Registered in England: Charity No. 1124912

2 of 2

Audit Trail

Document Details

Title	RZK Foundation - 30 April 2024
File Name	01 RV013S-Charities report 2024.PDF, 02 RV013S - LoR 2024.pdf
Document ID	e8d6fcf657204cae91d8f12eef67d13f
Fingerprint	d1ccc78252b7d3db98deffe5abbec9bb
Status	Completed
Document History
Document Created Document Created by Fidahussein Premji ([e-mail]) Fingerprint: 4cd4548ae9b75bdd902b32f76e8e431c		Feb 14 2025 10:06AM UTC
Document Sent	Document Sent to Sailesh Shah ([e-mail])	Feb 14 2025 10:06AM UTC
Document Viewed Document Viewed by Sailesh Shah ([e-mail]) IP: 87.242.202.146		Feb 14 2025 10:24AM UTC
	Document Signed by Sailesh Shah ([e-mail])
	IP: 87.242.202.146
Document Signed		Feb 14 2025 10:25AM UTC
Document	This document has been completed.	Feb 14 2025
Completed	Fingerprint: d1ccc78252b7d3db98deffe5abbec9bb	10:26AM UTC