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|||Page|
|---|---|---|
|Trustees' annual<br>report|||
|Independent<br>examiner's<br>report to the trustees|||
|Statement offinancial|activities||
|Statement offinancial|position||
|Notes to the financial|statements||





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|Registered charity|Registered charity|name|The Hasil Foundation|The Hasil Foundation|
|---|---|---|---|---|
|Charity registration||number|1179091||
|Principal oNce|||82 Chasewood|Park|
||||Sudbury<br>Hill||
||||Harrow||
||||Middlesex||
||||HA1 3YR||
||||United<br>Kingdom||
|The trustees|||H TSuteiwalla||
||||A H Suterwalla||
||||M H Suteiwalla||
||||S H Suteiwalla||
|Independent|examiner||Shammir Shah||
||||Chamberlains|UK LLP|
||||Chartered<br>Accountants||
||||173Cleveland|Street|
||||London||
||||UK||
||||W1T6QR||



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||||||2023|2023|2022|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
|||||Note|funds<br>R|Total funds<br>K|Total funds<br>f|
|Income and endowments||||||||
|Investment<br>income||||4|13,986|13,986|19,526|
|Total Income|||||13,986|13,986|19,526|
|Expenditure||||||||
|Expenditure<br>on raising funds:||||||||
|Investment<br>management||costs||5|11,470|11,470|12,900|
|Expenditure<br>on charitable|activities|||6,7|21,585|21,585|13,195|
|Total expenditure|||||33,055|33,055|26,095|
|Net (gains)/losses<br>on investments||||8|66,430|66,430|5,556|
|Net expenditure<br>and net|movement||in funds||(85,499)|(85,499)|(12,125)|
|Reconciliation offunds||||||||
|Total funds brought<br>forward|||||1,001,145|1,001,145|1,013,270|
|Total funds carried forward|||||915,646|915,646|1,001,145|





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|||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|





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|5.|Investment||manag|em|en|t<br>|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|



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|||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<br>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|



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|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<br>Creditors less than|1 year|46,413<br>(8,811)|46,413<br>(8,811)|
|Net assets||1,001,145|1,001,145|