| Page | ||
|---|---|---|
| Trustees' annual report |
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| Independent examiner's report to the trustees |
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| Statement offinancial | activities | |
| Statement offinancial | position | |
| Notes to the financial | statements |
| Registered charity | Registered charity | name | The Hasil Foundation | The Hasil Foundation |
|---|---|---|---|---|
| Charity registration | number | 1179091 | ||
| Principal oNce | 82 Chasewood | Park | ||
| Sudbury Hill |
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| Harrow | ||||
| Middlesex | ||||
| HA1 3YR | ||||
| United Kingdom |
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| The trustees | H TSuteiwalla | |||
| A H Suterwalla | ||||
| M H Suteiwalla | ||||
| S H Suteiwalla | ||||
| Independent | examiner | Shammir Shah | ||
| Chamberlains | UK LLP | |||
| Chartered Accountants |
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| 173Cleveland | Street | |||
| London | ||||
| UK | ||||
| W1T6QR |
| 2023 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| Note | funds R |
Total funds K |
Total funds f |
||||
| Income and endowments | |||||||
| Investment income |
4 | 13,986 | 13,986 | 19,526 | |||
| Total Income | 13,986 | 13,986 | 19,526 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 5 | 11,470 | 11,470 | 12,900 | ||
| Expenditure on charitable |
activities | 6,7 | 21,585 | 21,585 | 13,195 | ||
| Total expenditure | 33,055 | 33,055 | 26,095 | ||||
| Net (gains)/losses on investments |
8 | 66,430 | 66,430 | 5,556 | |||
| Net expenditure and net |
movement | in funds | (85,499) | (85,499) | (12,125) | ||
| Reconciliation offunds | |||||||
| Total funds brought forward |
1,001,145 | 1,001,145 | 1,013,270 | ||||
| Total funds carried forward | 915,646 | 915,646 | 1,001,145 |
| 31 March 202 | 3 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | |||||
| Fixed assets | |||||
| Investments | 12 | 664,456 | 963,543 | ||
| Current assets | |||||
| Gash at bank | and in | hand | 60,129 | 46,413 | |
| Creditors: amounts | falling due within one year | 13 | 8,941 | 8,811 | |
| Net current | assets | 51,188 | 37,602 | ||
| Total assets | less current liabilities | 915,646 | 1,001,145 | ||
| Net assets | $15,646 | 1,001,145 | |||
| Funds ofthe charity | |||||
| Unrestricted | funds | 915,646 | 1,001,145 | ||
| Total charity | funds | 14 | 615,646 | 1,001,145 |
| 5. | Investment | manag | em | en | t |
cost | s | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||||||
| Funds | 2023 | Funds | 2022 | |||||||||||
| R | ||||||||||||||
| Portfolio management | fees | 11,470 | 11,470 | 12,900 | 12,900 | |||||||||
| 6. | Expenditure | on charitable | activities by | fund | type | |||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||||||
| Funds | 2023 | Funds | 2022 | |||||||||||
| R | ||||||||||||||
| Donations made | 14,500 | 14,500 | 8,000 | 8,000 | ||||||||||
| Support costs | 7,085 | 7,085 | 5,195 | 5,195 | ||||||||||
| 21,585 | 21,585 | 13,195 | 13,195 | |||||||||||
| 7. | Expenditure | on charitable | activities by | activity type | ||||||||||
| Activities | ||||||||||||||
| undertaken | Support | Total funds | Total fund | |||||||||||
| directly | costs | 2023 | 2022 | |||||||||||
| R | ||||||||||||||
| Donations made | 14,500 | 14,500 | 8,000 | |||||||||||
| Governance | costs | 7,085 | 7,085 | 5,195 | ||||||||||
| 14,500 | 7,085 | 21,585 | 13,195 | |||||||||||
| 8. | Net (gains)/losses | on | investments | |||||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||||||
| Funds | 2023 | Funds | 2022 | |||||||||||
| R | ||||||||||||||
| (Gains)/losses | on fair | value | movement | |||||||||||
| on financial | assets | (47,303) | (47,303) | (62,839) | (62,839) | |||||||||
| Realised (gains)/losses | on | disposal of | ||||||||||||
| investment | assets | (19,127) | (19,127) | 57,283 | 57,283 | |||||||||
| (66,430) | (66,430) | (5,5S6) | (5,556) | |||||||||||
| $. | Independent | examination | fees | |||||||||||
| 2023 | 2022 | |||||||||||||
| R | ||||||||||||||
| Fees payable | to the independent | examiner | I'or. | |||||||||||
| independent | examination | ofthe | Ilnancial | statements | 1,500 | 1,800 |
| Other | ||
|---|---|---|
| Investments | ||
| R | ||
| Cost or valuation | ||
| At 1 April | 2022 | 963,543 |
| Additions | 252,682 | |
| Disposals | (285,338) | |
| Fair value | movements | (47,303) |
| Gain/(loss) | on disposal ofinvestments | (19,126) |
| At 31March 2023 | 864,458 | |
| Impairment | ||
| At 1 April | 2022 and 31 March 2023 | |
| Carrying | amount | |
| At 31March 2023 | 864,458 | |
| At 31 March 2022 | 963,543 |
| Creditors: amounts f |
alling due within one year | ||
|---|---|---|---|
| 2023 | 2022 | ||
| R | |||
| Bank loans and overdrafts | 411 | ||
| Trade creditors | 4,201 | 4,200 | |
| Accruals and deferred | income | 4,740 | 4,200 |
| 8,941 | 8,811 |
| Analysis ofnet as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2023 | ||
| R | |||
| Investments | 864,458 | 864,458 | |
| Current assets | 60,129 | 60,129 | |
| Creditors less than | 1 year | (8,941) | (8,941) |
| Net assets | 915,646 | 915,646 | |
| Unrestricted | Total Funds | ||
| Funds | 2022 | ||
| Investments | 963,543 | 963,543 | |
| Current assets Creditors less than |
1 year | 46,413 (8,811) |
46,413 (8,811) |
| Net assets | 1,001,145 | 1,001,145 |