2023-03-31-accounts

Trustees		Mansoor Taherally	Suterwalla
		Riyaz Suterwalla
		Taher Suterwalla
Independent	Examiner	Ward Divecha Ltd
		Chartered Accountants
		and Statutory Auditors
		29Welbeck street
		London
		W1G BDA
Bankers		Habib Bank AG Zurich
		5/7 High Street
		Southall
		Middlesex
		UB1 3HA
Charity address		8 Ingleby Drive
		Harrow on the Hill
		Middlesex
		HA1 3LE
Registered	Charity number	1182399

							2023	2022
				Unrestricted	Restdcted		Total	Total
			Notes	Funds	Funds		Funds	Funds
INCOMING RESOURCES			5	6		6	8	6
Incoming resources from generated		funds
Grants Prost on sale ofshares				650 61743			650 61743	1,370
Total incoming resources				62393			62393	1370
RESOURCES EXPENDED
Charitable activities
Donation to other charities				25,000			25,000	39,575
Governance cost				670			670	683
Total resources expended				25,870			25,670	40,258
NET (INCOME)/Deficit FOR THE YEAR				36,723			36,723	(38,888)
OTHER RECOGINI8ED (GAINS)rbosses
(Gains) or losses revaluation	offixed
assets				37,440			37,440	132,129
				74,163			74,163	93,241
Reconciliation offunds
Total funds brought forward				1,317,653			1,317,653	1,224,412
				1,391,816	-		1,391,816	1,317,653

as at 31stMarch 2	023
					2023	2022
			Unrestrioted	Restrioted	Total	Total
			funds	funds	Funds	Funds
Current assets		Notes	6	6	8	8
Current asset investment		3	1,076,642		1,076,642	1,254,156
Cash at bank and in hand			315,823		315,823	64,147
			1,392,466		315,823	1,318,303
Creditors: amounts	falling
due within one year			(650)		(650)	(650)
Total assets less current
liabilities			1,681,816		1,381,818	'l,317,663
Funds
Unrestricted Restricted			1,391,816		1,391,816	1,317,653
			1,881,816		1,391,816	1,317,663

Cash Flow Statement for the year ended 31	March 2023
			2023	2022
		Notes
Cash flows from operating	activities:
Cash generated from operations			(14,909)	(46,488)
Net cash provided by (used in) operating activities			~14.333	~43,433
Cash flows from investing	activities:
Interest received
Net cash provided by (used in)
investing activities
Cash flows from financing	activities:
Purchase ofbond
Sales of bond			266,585
Net cash provided by (used in)
financing activities			266,565
Change in cash and cash equivalents
in the reporting period			261,676	(46,468)
Cash and cash equivalents	at the
beginning ofthe reporting	period		64,147	109,615
Cash and cash equivalents	at the end
ofthe reporting period			313323	64,147

RECONCILIATION OFNET INCOME/( OPERATING ACTIVITIES	EXPENDITURE) TO	NET CASH FLOW F	ROM
		2023	2022
			s
Net income/(expenditure) for the reporting	period (as per the
statement offinancial activities) Adjustments for:		74,163	93,241
Interest received
Revaluation on gain on investment Profit on sales of investment Increase in creditors		(27,328) (61,743)	(137,989) ~726
Net cash provided by (used in) operating	activities	~74,966	~46,466

3	Current Asset Investment	Current Asset Investment	Current Asset Investment
						2023	2022
	EM Opportunities	Fund	Ltd			1,076,642	1,254,156
	The value stated above		is the Market	value as at 31 March	2023.
4	Creditors: amounts		falling due
	within one year					2023	2022
						6	e
	Accruals					650	650
						860	860
5	Incoming Resources			Unrestrioted	Restrioted	Total	Total
				Funds	Funds	Funds	Funds
				2023	2023	2023	2022
				6	6	6	6
	Grants Profit on sale ofshares Total incoming resources			1,370 ~61,743 (80,373)		1,370 ~61,743 (60,373)	1,370 1,376
6	Resources expensed			Unrestrioted	Restrioted	Total	Total
				Funds	Funds	Funds	Funds
				2023	2023	2023	2022
				6	6	6	6
	Cost ofgenerating	funds
	Charitable activities
	Donation lo other charities			25,000		25,000	39,575
				25,000		25,000	39,575
	Governance oost
	Bank Charges			33		33	33
	Independent examiner		remuneration	650		650	650
				683		683	683