Registered Charity number 1182399 The MT Suterwalla Family Foundation Trustees, Report and Accounts Year ended 31 March 2025 Ward Divecha knmited Chartered Accountants & ststutory Auditors 29 Welbeck Street London W1G 80A
The MT Suterwalla Family Foundation Charity Information Trustees Mansoor Taheralty Sulepwal Riyaz SuteNdalL8 Taher Sulerwal Indep8ndent ExamSner Ward Divecha Ltd Chartere(l Aecountsnts and Stalulory Audit$ 29 Welbeck street London W1G 8DA Bankevs Habib 8ank AG Zurich sn Hh Street So(rthall Middlesex UB1 3HA Charlty addm# 8 Ingleby Drive Harrow on the Hil Middlesex HA1 3LE Reglstertrd Char5ty numb•r 1182399
The MT Suterwalla Family Foundation for the year ended 31 March 2025 The trustees piesenl their annual report and accounts for the year ended 31 March 2025. The board of trustees are sat15fied wilh the pertormance of the charity during the yèar and the position at 31 March 2025 and consider that the charrty is in a strong position lo conb.nue rts actiwlies during Ihe coming year and thal charity'$ assets are adequatè lo fulfil its obligations. Th• mèmb•rs of the Board of Trust of Charity durlno th• y••r w•r•:. ansoor Taherally Sulen¥alla Riyaz sutealIa Taher Sulerwalla Structure, Governance and Management rnin The charity is conlfolled by rts 9oveming document, a deed of Iru51. and Constitut an unincorporated charty. The decisions are made by trustees who are pemanenl members of board. The Iru$le¥s have a duly to idenlify and review the risks to which the charity is exposed and lo ensure appropriate ¢onlrols are in place lo prowde reasonable assuran¢e again51 fraud and error. The trustees have unre51rKted powers of inve$b"ng and transposing inveslmenl8 in all Te5pecl as if they a absolutely enlilled lo the trust fund benefirAally. Charlty's maln objèet1v and activltle8 The objective ol thè ¢hanly contin¢Jed to be that of makn.ng gTants and partnerin9 with other deserving Charilablt organisalions and individuals. The charity has inve$led In funds Its generate irwm• to support annLTral giMn9 programs. Tr•n•actlons and Flnancl•l po•ltlon The receipts and payments #¢counts are set oul on pages 510 10. These are prepared in accordance with thè guidance and lormat piowd8d by th Charity Commission for'England and Ws'. Achlevement and p•rfomian¢• The main achievem&nt ol the charily during thi$ year was lo Continue 5ucc•s$lully wilh ils main activilie$ in the furthèrance ol Ils obctIVes. R&latlon8hlp wlth other grou, ¢harltl•s and Indlvldu*l• The Charity maintains good working relattons wsth other regislefed Chariti•s.
The MT Suterwalla Family Foundation The Report of the Trustees for the Year ended 31 March 2025 Statemènt Of Trustee's R•spon$ib•lities The IrL*Stees ale responsible for preparing the Report of thè Trustees and the financial slalemenls in a¢cord8nce with applicable law and regulalions. The law appli¢able to charities in England & Wales requires the Iruslees to prepare financial statements for each financial year in accofdance with Uniteil Kingdom Geneially Accèpted Accounting Pra¢ti¢e (United Kingdom Accounling Standards and applicable lawl. The trustees must not approve the financial statements unless they are satisfied that they give a true and lair ¥iew of Ihe stale of affairs of the chanty and of the incoming resource5 and application ol the resour¢es. including the income and expendilur¢, ol the charity that period. select 5Urtable accounting polirjes and then apply Ihern consistenty; - observe the methods and principles in Ihe Charrty SORP. . make jud9emen15 and accounling e$limate5 Ihat are rèasonalAe and prudent." - state whelhtr applicable UK A¢¢ounling Standards have been followed, subi8Ct to any malerial d•partures disclosed and gxplained in the financial s13tements. - prepa the financial statements on the going ¢on¢em basi5 unless it 1$ inappropriate to pr•sume that the Chanty will continue in busines5. The Iruslees are also respon$rt)le for keeping sulftcienl accounting records whith disclose with reasonable accuracy al any time Ihe financial position ol the thanty. and enable them to ensLtre thal the financial slatem&nls eomply with Charities Acl 2011 the Charity IAccounl$ and Reports) Regulations 2008 and Ihe provissons ol the Irusl deed. Thèy are also lesponsie for safèguarding the assets ol the charity and hence for taking reasonable s18ps lor the prevention and detection ol fraud and other irTegularities. Approved by ord&r ol the boaTd ol Irust•e$ on 01 October 2025 and signed on rfs hall by.. Mansoor Taherally suleall# Trust••
INDEPENDENT EXAMINER'S REPORT To the Members of The MT sUtealIa Famity Foundation I report to the trustees on my examinats.on ol the financial statements of The MT Suterwalla Family Found81ion I'the charity'l foi the year ended 31 March 2025 whith comprise the Statemènl of Financial Activ*lies, the Balance Sheet, the Slalemenl ol Cash Flows and related notes. This report is made solely lo the charily's trustees, as a body. in accordance wilh section 145 of the Charilies Act 2011. My woik has been undertaken so that I might slate to the charity's trustees those matters l am reqviied lo slate to thèm in this report and for no other purpose. To the lullest exlent pèrmitted by law. I do not accept or assume responsibility to anyone other than ihe charity and lh¢ thaiity's truslees as a body. for my work, for this report, or for the opinions I hav8 formeil R•$ponsibilitios and bas1$ of r•port As the trustees of the chartly you are rèspon$iNe for the Preparation of the financial slalements in accordance wrth Ihe requiremènts of the Charities Acl 20111.the A¢l'l. I report in respect of my examinabon of the charity's financial stat¥ments carried out under section 145 of the Acl and in carrying out my examination I have followed all the applicable Dif¥ctions given by the Charity Commission under section 14515llbl of the Act. Ind•p•nd•nt •x•mln•r'$ $tst•ffl•nt I have completed my examination. l ¢onfirrn Ihal no Material matte1$ have come to my attention in connection with Ihe examination giving me cause lo believ¥ Ihal in any material respe¢t." accoursiing records wer¢ nol kepi in respeci of the charkly a5 required by section 130 ofih¢ Acl: or the financial siaiement5 do nol accord with ihose retord5: or the financial statemen15 do noi Coniply wilh Ihe applicable requiremenis conrerning Ihe fonn and conieni of accoun15 set out in ihe Charities IAc¢ounis and Reports) ReLvulaiions 2008 oiher IhaD any requiremeni Ihai the accounts give a 'irue and fair view which is nol a iMatl¢r considered as pan oran independeni examinaiion. I have no con¢ems and have come across no other matters in conne¢lion wilh the examination to which attention should be drawn in this report in order lo enable a proper undeislanding of the financial statements to be reached. Adil Divecha Ward Divecha Ltd Chartered Accountants and Slalultsry Auditors 29 Welbfj¢k Street London W1G 8DA Dated.. 01110r2025
The MT Suterwalla Family Foundation Statement of Financial Activities for the year ended 31 March 2025 Registered charty no. 1182399 2025 Total Funds 2024 Total Funds Unrestricted Restricted Funds Funds Not•s INCOMING RESOURCES In¢omlng resources from generat•d funds Grants Interest receivable Profrt on Sale of shares Total Incomlng r•sourc•s 2,000 15,710 34,602 52.312 2.000 15,710 650 10,648 12,703 24.001 52,312 RESOURCES EXPENDED Charrtable activilies Donation lo other charities 33.000 33.000 26.900 Governance cost 730 730 Total resour¢es oxpended 33,730 33,730 27,566 NET INCOMEIID•flcS}t FOR THE YEAR 18,582 18,582 13,5651 OTHER RECOGINISED GAINSIILo$s•s} Gains orl losses) on revaluation of currenl assets investmenl (57.636) 139,054) 157,636 139,0541 96,563 92,998 Reconclllatlon of funds Total funds brought forward 1.484.814 1,484,814 1.391,B16 1.445.760 1,445,760 1.484.814
The MT Suterwalla Family Foundation Balance Sheet as at 31st March 2025 Registed charity no. 1182399 2024 Totsl Funds 2024 Total Funds Unrestrict funds Restricted fvnds Current assets Current asset inveslmenl 1.029.390 1.029,39) 1.139,149 Cash al bank and in hand 417,070 417,070 346,314 1.446.460 1.446.460 1,485,464 Crèditors: amounts falllng due withln one yèar Net curront assets 17001 1.445,760 18501 1.484.814 1.445.760 Total asets108$ ¢urr•nt Ilbllltle8 1,44S.760 1.445.760 1.484,814 Funds Vnreslricled Restrs'ctg¢J 1,445,780 1.445,780 1,484.814 1,44S,760 1,445,760 1.484,814 The financial statements were appro¥ed by the Board ol TNslees on 0111012025 andd wertr signed on its behalf by. Mansoor Taherally Suleall4 Tw$ts•
The MT SUtealIa Family Foundation Cash Flow Statement for the year ended 31 March 2025 2025 2024 Notes Cash flow$ from oyrating actlvlties: Cash generated from OperatnS 134,3681 {27,7781 Net cash provided by (used Inl op•ratlng actlvities 34.368 27.778 Cash flows from inv8sting actlvltl•s- Interest received 15.710 10,648 Net cash providod by (used Inl Inv•stlng acttI 15.710 10,648 Cash flows from financing Jctlvltl•s: Purchase of bond Sales of bond 89.414 47,622 Nel cash provlded by lus•d In) flnancSng activities 89.414 47,622 Change Sn ¢•$h and cash tqtslV•nts In the reportlng p•riod 70,756 30,491 Cash and cash •quIvants at the glnnlng of the roporting wriod 346,314 31 S,823 Cash and cash fjqulvalents at the end of th• reportlng perfod 417.070 346,314
The MT sutealIa Family Foundation Notes to the cash flow statement for the year ended 31 March 2025 RECONCILIATION OF NET EXPENDITUREyin¢ome TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net lexpendlturellln¢ome lor the reportlng perlod las per th• statement of financlal attlvltlesl Adjustments for- Interest receNed Revaluation on lossl Igainl on investment Profrt on sales ol investment Increase in creditors {39,0541 92,998 {15.7101 54.948 (34,6021 50 110,6481 197,4251 112,7031 N¢t cash provld•d by {us•d Inl opfrratlng •¢tlvltl 34.368
The MT Suterwalla Family Foundation Notes to the Accounts for the year ended 31 March 2025 Accounting policl The finanrjal slalemenls have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Finanual Reporting Standard applicable in the UK and Republic of Ireland. I"FRS 102" and the Charities SORP"Accounling and Reporting by Charrties. Statement of Recommended Practice applicable lo charities preparing theiT aGGounts In acc£Jrdance wilh thtr Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" {¥ffective 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. 1.1 Incoming Resources All incoming resources are included Ihe 51atem8nl of Financial A¢tiwties when the charity is legally entitled to the incom• and the amount can be qLlantrfd with reasonable accLwacy. Voluntary income is received by way of granls. donation$ an¢J 9rfts and is induded in full in the statement of Financial Activitiès when receivable. 1.2 Resources expended Expendilure is accounted lor on an accnsals basis and has been ¢las5ified under htadin9$ that aggregate all cost relatèd lo the category. Whèrg costs ¢annot be direcljy attributed to particular headings thèy have been allocated lo activilte$ on a basis consislent vthh the use ol Tesources. 1.3 Taxatlon The charity 4$ ex¢mpl from lax on its charitable a¢tMknès. 1.4 Investment In¢om• Coupon inlerésl is included in Ihe SOFA nel of colwion charges on 8 receivablts basi8. 1.5 Fund accountlng Unr¥$lri¢led funds can only b• used in •cctyd•nc•wtth the ¢h•rrt•W Obj114 at the dY6ug*on oi the Irust••i. Restricted funds can only b& used lor particular resln"¢ted purpts5es wilhin the obje¢l$ of the charity. Re$lri¢lion8 aris8 wh&n specrfied by the dono( or when funds are rais8d lor paCular iestricted puipo$o$. 1.6 Investmènts Investmgnt is shown al market value as 8131 March 2025. Any aggregate sulUS OT deficit arising from changeB in rnarket value is char9ed lo profit and loss accounl. 1.7 Forelgn Currencl•s Monelary assets and Iiabilitios denominated in foreign CurrereS are translated inlts slerfing at the rata$ of exchange ruling al the balance sheet dale. Transaclions in foreign currencAes ar8 translated inlo sterling at the rate of exchange ruling al the date of transa¢tthi or average exchange faie. Exchange differences are takèn into •¢¢ounl in arriving at the operating results. Trustees. remuneration and benefits There were no Irust6es' remuneration or oth8r benefits for the year ended 31 March 2025. Trust•e8' •xp•n••$ There were no Iru$lees' expenses paid for thè year ended 31 March 2025. 2.1 Employees 31.03.2025 31.03.2024 Averagè number ol employees
The MT SutenNalla Family Foundation Notes to the Accounts for the year ended 31 March 2025 Current Asset Invgstment 2025 2024 EM Opportunities Fund Ltd The value slated above is the Market value as at 31 Mar¢h 2025. 1.029,390 1,139,149 CredStors.' amounts falling du• within one year 2025 2024 A¢¢ruals 700 7110 650 650 Incomlng Resour¢•¥ Unrnstrlct•d Funds 2026 RMtrl¢t•d Funds 2025 Total Fund8 2026 Total Fund¥ 2024 Grants Intere51 income Profil on sale of shares Total Incomlng resourc•s 2.0 15,710 34,602 52.312 850 10,648 12.703 24,001 15.710 34,602 52.312 Resourc •xpon$•d Unmtrlct•d Fund¥ 2025 R8•trl¢t•d Funds 2025 Total Fund 2024 Total Fund• 2024 CMI of g•n•rntbng fund• Charbtabl• acllvltl•• Donation to other chariti8s 33.000 33.000 33,000 33,000 33,000 33,000 Gov•rnanc• co•t Bank Charges Independent examiner remuneration 30 700 33 650 700 730 730 683 10