|Trustees||Mr Fakhruddin<br>T Suterwalla|
|---|---|---|
|||Mrs Sakina FSuterwalla|
|||Mrs Razia R Chinchanwala|
|||Mrs Femida Mosajee|
|||Mr Salim F Suterwalla|
|Auditors||Ward Divecha Ltd|
|||Chartered<br>Accountants|
|||and Statutory Auditors|
|||29Welbeck street|
|||London|
|||W1G 6DA|
|Bankers||Habib Bank AG Zurich|
|||5/7 High Street|
|||Southall|
|||Middlesex|
|||UB1 3HA|
|Charity address||6 Ingleby Drive|
|||Harrow on the Hill|
|||Middlesex|
|||HA1 3LE|
|Registered|Charity number|1138949|





## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Total|Total|
|||Notes|Funds|Funds||Funds|Funds|
||||f||6|6||
|INCOMNG RESOURCES||5||||||
|Incoming resources from generated|funds|||||||
|Investment<br>Income|||263,614|||263,614|378,956|
|Voluntary<br>gift received|||||||104,992|
|Total incoming<br>resources|||263,614|||263,614|483,948|
|RESOURCES EXPENDED||||||||
|Cost of generating<br>funds||||||||
|Exchange<br>Difference|||188,004|||188,004|109,139|
|Interest charges|||62,590|||62,590|42,087|
|Charitable<br>activities||||||||
|Donation to other charities|||82,866|||82,866|91,970|
|Governance<br>cost|||15,099|||15,099|21,577|
|Total resources expended|||348,559|||348,559|264,773|
|NET (EXPENDITURE)I INCOME FOR||||||||
|THE YEAR|||(84,945)|||(84,945)|219,175|
|Other recognised gains and losses||||||||
|Fair value movements|||(974,904)|||(974,904)|(673,346)|
|Profit on sale ofinvestments|||65,789|||65,789|330,837|
|Net movement<br>in funds|||~994,060|||~994,060|~123,334|
|Reconciliation<br>offunds||||||||
|Total funds brought<br>forward|||1,990,608|||1,990,608|2,113,942|
|Total funds carried forward|||996,548|||996,548|1,990,608|





## 

|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|Funds|Funds|
||||Notes|||6|6|
|Fixed assets||||||||
|Fixed asset investment|||3|4,172,506||4,172,506|9,025,951|
|Current assets||||||||
|Accrued income||||49,125||49,125|59,843|
|Cash at bank and|in hand|||119,008||119,008|8,746|
|||||168,133||168,133|68,589|
|Creditors: amounts||falling||||||
|due within one|year||4|(3,344,091)||(3,344,091)|(7,103,932)|
|Net current (liabilities)||||(3,175,958)||(3,175,958)|(7,035,343)|
|Total assets less current||||||||
|liabilities||||996,548||996,548|1,990,608|
|Net assets||||996,540||996,648|1,900,6D0|
|Funds||||||||
|Unresincied||||||996,548|1,990,608|
|Restricted||||||||
|||||||906,540|1,090,6D0|





## 

## 

|for the year ended 31Oc||tober 2022||||
|---|---|---|---|---|---|
||||Notes|2022f|2021f|
|Cash flows from operating||activities:||||
|Cash generated<br>from operations||||(208,442)|215,400|
|Interest charges||||(62,590)|(42,087)|
|Net cash provided<br>by operating||||||
|activities||||271,032|173,313|
|Cash flows from investing|activities:|||||
|Purchase of investments|||||(3,616,858)|
|Sale of investment||||3,878,541||
|Interest received||||263,614|378,956|
|Net cash<br>provided<br>by/(used<br>investing<br>activities||in)||4,142,155|~3.237,552)|
|Cash flows from financing||activities:||||
|New loans in year||||124,719|2,984,213|
|Loan repayments<br>in year||||(3,885,581)||
|Net cash provided<br>by /(used<br>financing<br>activities||in)||~3,766,562|2,984,213|
|Change<br>in cash and cash equivalents||||||
|in the reporting<br>period||||110,261|(80,376)|
|Cash and cash equivalents||at the||||
|beginning<br>ofthe reporting||period||8,747|89,123|
|Cash and cash equivalents||at the end||||
|ofthe reporting<br>period||||119,008|8,747|





## 

## 

|RECONCILIATIO<br>ACTIVITIES|N<br>OF(EXPE|NDITURE|) TO NET CASH F|LOW FROM OPER|ATING|
|---|---|---|---|---|---|
|||||2022<br>f|2021<br>f|
|Net( expenditure)|/income for the|reporting|period (as per the|||
|statement<br>offinancial activities)||||(994,060)|(123,334)|
|Adjustments<br>for:||||||
|Loss on revaluation|ofinvestment|||974,904|673,346|
|Finance cost||||62,590|42,087|
|Finance income<br>Decrease<br>in other debtors<br>Increase/(Decrease)<br>in other creditor||||(263,614)<br>10,718<br>1,020|(378,956)<br>4,237<br>~1,288|
|Net cash provided|by operating|activities||~288,4422|215,400|



## 

## 

|Year|ended 31October 2022|||
|---|---|---|---|
|||31.10.22|1.11.21|
|||f|f|
|Cash|and cash equivalents|119,008|8,746|
|Year|ended 31October 2021|||
|||31.10.21|1.11.20|
||||f|
|Cash|and cash equivalents|8,746|89,123|





## 

## 

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## 

## 

## 

## 

## 

## 



## 

## 

## 

||||2022|2021|
|---|---|---|---|---|
||Equity and bonds||4,172,506|7,991,149|
||Call deposit accounts|||1,034,802|
||||4,172,506|9,025,951|
||The value stated above|is market value at 31 October 2022|||
|4|Creditors: amounts|falling due within|||
||one year||2022|2021|
||||f||
||Bank Loan||3,216,372|7,101,952|
||Amounts<br>owed to related parties||124,719||
||Accruals||3,000|1,980|
||||3,344,091|7,103,932|





## 

## 

|5|Incoming Resources|Incoming Resources|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2022|2022|2022|2021|
||||6|6||8|
||Investment<br>Income||||||
||Interest income||253,814||253,514|378,955|
||Total Investment|Income|283,614||263,814|378,956|
||Profit on sale ofinvestments||65,789||55,789|330,837|
||Voluntary<br>gift received|||||104,992|
||Total incoming|resources|329,403||329,403|814,188|
|6|Resources expensed||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
||||2022|2022|2021|2021|
|||||6|6|8|
||Cost ofgenerating|funds|||||
||Exchange difference||188,004||188,004|109,139|
||Interest charges||62,590||62,590|42,087|
||||250,594||250,594|151,226|
||Charitable<br>activities||||||
||Donation lo other charities||82,866||82,866|91,970|
||||82,866||82,866|91,970|
||Governance cost||||||
||Bank Charges||7,034||7,034|8,546|
||Auditors'<br>remuneration||3,000||3,000|1,980|
||Broker fee||5,065||5,065|11,051|
||||15,099||15,099|21,577|