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 H￿h 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 sute￿alIa
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$led In funds Its generate irwm• to support annLTral giMn9 programs.
Tr•n•actlons and Flnancl•l po•ltlon
The receipts and payments #¢counts are set oul on pages 510 10. These are prepared in accordance with thè
guidance and lormat piowd8d by th* Charity Commission for'England and W*s'.
Achlevement and p•rfomian¢•
The main achievem&nt ol the charily during thi$ year was lo Continue 5ucc•s$lully wilh ils main activilie$ in the
furthèrance ol Ils ob￿ctIVes.
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 lesponsi￿e 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 sule￿all#
Trust••

INDEPENDENT EXAMINER'S REPORT
To the Members of The MT sUte￿alIa 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
Registe￿d 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 as*ets108$ ¢urr•nt
Il*bllltle8
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 Sule￿all4
Tw$ts•

The MT SUte￿alIa Family Foundation
Cash Flow Statement
for the year ended 31 March 2025
2025
2024
Notes
Cash flow$ from oyrating actlvlties:
Cash generated from Operat￿nS
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 act￿￿tI
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 •quIva￿nts 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 sute￿alIa 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 qLlantrf￿d 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¥$lri¢led funds can only b• used in •cctyd•nc•wtth the ¢h•rrt•W Obj￿11￿4 at the dY6ug*on oi the Irust••i.
Restricted funds can only b& used lor particular resln"¢ted purpts5es wilhin the obje¢l$ of the charity. Re$lri¢lion8
aris8 wh&n specrfied by the dono( or when funds are rais8d lor pa￿Cular iestricted puipo$o$.
1.6 Investmènts
Investmgnt is shown al market value as 8131 March 2025. Any aggregate su￿lUS OT deficit arising from changeB
in rnarket value is char9ed lo profit and loss accounl.
1.7 Forelgn Currencl•s
Monelary assets and Iiabilitios denominated in foreign Currer￿eS are translated inlts slerfing at the rata$ 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