2021-03-31-accounts - The Hasil Foundation

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Trustees'	annual report
Independent examiner's report to the trustees
Statement	offinancial	activities
Statement	offinancial	position
Notes to the financial		statements

			Year ended	31 Nlarch 2021
The trustees	present	their report	and the unaudited	financial statements	ofthe charity forthe year ended
31 March 2021.
Reference and administrative			details
Registered	charity	name	The Hasil Foundation
Charity registration		number	1179091
Principal office			82Chasewood	Park
			Sudbury Hill
			Harrow
			Middlesex
			HA1 3YR
			United Kingdom
The trustees			H TSuterwalla
			A H Suterwalla
			M H Suterwalla
			S H Suterwalla
Independent	examiner		Shammir Shah
			Chamberlains	UK LLP
			Chartered Accountants
			173Cleveland	Street
			London
			UK
			W1T6QR

						2021	2021	2020
						Unrestricted
						funds	Total funds	Total funds
					Note
Income and	endowments
Donations and legacies					4			1,000,000
Investment	income				5	12,745	12,745	9,645
Total income						12,745	12,745	1,009,645
Expenditure
Expenditure	on raising funds:
Investment management			costs		6	12,021	12,021	5,388
Expenditure	on charitable	activities			7,8	13,709	13,709	11,205
Total expenditure						25,730	25,730	16,593
Net (gains)/losses on investments					9	(177,417)	(177,417)	144,214
Net income	and net movement			in funds		164,432	164,432	848,838
Reconciliation offunds
Total funds	brought forward					848,838	848,838
Total funds	carried forward					1,013,270	1,013,270	848,838

	31 INarch 202	1
			2021	2020
		Note	R
Fixed assets
Investments		14	1,001,773	840,561
Current assets
Cash at bank and in	hand		23,197	15,777
Creditors: amounts	falling due within one year	15	11,700	7,500
Net current assets			11,497	8,277
Total assets less current liabilities			1,013,270	848,838
Net assets			1,013,270	848,838
Funds ofthe charity
Unrestricted funds			1,013,270	848,838
Total charity funds		16	1,013,270	848,838

7.	Expenditure		on charitab	le		activ	iti	es	by fund type
									Unrestricted	Total Funds		Unrestricted	Total Funds
									Funds f		2021	Funds	2020
	Donations	made							9,450		9,450	3,670	3,670
	Support costs								4,259		4,259	7,535	7,535
									13,709		13,709	11,205	11,205
8.	Expenditure		on charitable			activities			by activity type
									Activities
									undertaken		Support	Total funds	Total fund
									directly		costs	2021	2020 f
	Donations made								9,450			9,450	3,670
	Governance	costs									4,259	4,259	7,535
									9,450		4,259	13,709	11,205
9.	Net (gains)/losses on investments
									Unrestricted	Total Funds		Unrestricted	Total Funds
									Funds		2021	Funds	2020
	(Gains)/losses		on fair value			movement
	on financial	assets							195,857		195,857	(131,837)	(131,837)
	Realised (gains)/losses			on		disposal		of
	investment	assets							(18,440)		(18,440)	(12,377)	(12,377)
									177,417		177,417	(144,214)	(144,214)
10.	Auditors remuneration
												2021	2020
	Fees payable		for the audit		ofthe		financial statements						3,000
11~	Independent		examination			fees
												2021	2020
													f
	Fees payable		to the independent				examiner for:
	Independent		examination		ofthe financial statements							1,800
12.	Staff costs
	The total staff		costs and	employee				benefits for the reporting			period are	analysed as	follows:
												2021	2020

Investments
	Other
	investments
Cost or valuation
At 1 April 2020	840,561
Additions	540,669
Disposals	(556,874)
Fair value movements	195,857
Loss on disposal ofinvestments	(18,440)
At 31 INarch 2021	1,001,773
Impairment
At 1 April 2020 and 31 March 2021
Carrying amount
At 31 March 2021	1,001,773
At 31March 2020	840,561