Chwlty numb•r: 271513 ZVM RANGOONWALA FOUNDATION TRUSTEE8' REPORT AND FINANCIAL STATElJlEirrs FOR THE YEAR ENDED 30 JUNE 2024
ZVII RMGOOKIVALA FOUNDATIOII REFERENCE lD ADIIINISTRATNE DETAVJ OF TrE CHARITY, trs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024 Trust••s MrNKSAskwl MrAzam RaTrJ>Thala Charlty numb•r 271513 Prlnclpal addr•8• 7 Wiryolfr Street W1G9RL Weld8n Tumbjll Limiled bony Hse Suwoy KT10 9FQ Bankern HaTrI Bwk Zurith Pk Untt 47, 55 Baker streel W1U8EW
Tru•t••8' Roport Tr11•8. R•$p¢nslblll¢l•8 Stat•m Mhp•nd•nl Audltors. Rèport w lh• Flnanclal Slal•m• Sta¢•1 of Flnanclal Acllvld Balw Slw•l Statwmnt of Cash Flows 10 Nol•s lo th• Fknan¢l•l Slat•m•nts 11-21
FOR THE YEAR EIKIED 30 JUNE 2024 Inlroduollon The Trustees present thek arwal rekK¥I aTrJ ststrnts for endod 30 June 2024. prepwed In acccdanc& with: The Charftss Act 201118$ afi ctsity), The Charilys wirrfJ thrneAt. avj The Statemenl of ReCcqnm9nd (SORP 2019> FRS 102. ObJe¢tlv•8 and Public B•n•fft: Charltsblé Purpos•: The FrKlatI is a gramaki mjinaled cL¥nmunilles in the UK and internalionaly through: LiVelihcrf>ts1gdLf#m, skils training). Heath (healthcare acuss. d5ai¥ltys9Thirns). CommuiNty EmpcWM1ent {orts. Cle. styi81 ¢¢+kn). and EnMronrnt (nèw focus areal. The Tte5 Cr1 they have eIKed ilh Ilw duty to pr0 tenefi( ensuriry all ants advance r charitable W$¢S. lUde." .£65,000 lo Art srth Ask1 FW SoLth Askn lIra1 hwilagfr to 5,(LX)+ pgcyle.. '£80.$00 b Paktstsn Asxlati9n Cbal. heth Se 2.(M)O+ paiwts." Actlvllbo• and A¢hl•v•m•nts: Grant4Iaklng kn 202&. FcrJJs Area T¢Aal Grants {£) Key Proiects SUpp9d Livelioods 257214 STIR Ethxatwb (£25k). Transfc Trade (£25kl Pa1stl Associallon Lk*ai {£.5k), kl4lTS {£70k) British Paki8tan Foundation {£45k}. Age {£) £65,000 to Art South Asla Pfole¢t He81th 5M211 Commlrity EMF•)78nl 496.588 79.348 Arts & Cultur•: pe1
TRUSTEES. REPORT (CONnNUED> FOR THE YER ENDED 30 JUNE 2024 Adlvltl•¥ and A¢hl•v•m•rts(tontlnu8d): Geyaphthl Re. UK. Paklslan. lTrJia. Barylatsh, UAE. arwj 8+ other Countr Fhiancial R•vlw. Fkn•ncial Summwy: 2024 (£) 2,885,(KKI 1.912.360 2023 {£) 2,620,126 2.610.433 63.052 183228 Total Inc£¥ne Tot Pal A(kninistrative Costs Res8$ at year 1,089A65 The Charity hckls £1.089.465 in f•servgs 12 monlhs ol expendlture to 88feguard agai)st fuNlng flu¢bJalkffis ensure cbINtyQt grkJ. Governan. TIu8ts• RKruMrnonl & AS the dwty Is a famy foUndatA. rThJst of Ihe trusteos aro ts member of the fam1. The Board met 4 Irnes In 2024. Rlsk Ilian•g•m•Tht: Priipipol rtsks Indude wteo dlbjence and inrje o)rwtrakn. We mitigate Ihese Ihrough riws partner vetting . Conlli¢ts of Intwest: Trustees decl ¢onfftts MllY and thtam) frcth ted doc4sKx*. Plans for 2025 Page 2
STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 3Q JUNE 2024 The TnJ5lfj (wh) we also the of tho CW for the IK¥poses of corryany law) rspon¥ble for ppg the Trusiees. Rewt the finarwl statements wi t(¥at vitth ¥Jplica)le law and United lfjn9dcth AcC(ting Standards (Unlled Kirfjdm Gener81tyArcepted AnIIng pra). The Iw apF4lCab to chlkn li ENJMI & Wal88 requtres the truslg95 lo prepare frbancial statèment8 for each financial gNe a tsug and fair view of the state d affars of ts cl• and of th• resources and atvIcal ol resources of the charity Ihat w>)d. In prepwing these fThn¢k81 slatlts. ts trustees reqthd lo: c+iserv8 the methods yln¢ ofthe Charilies SORP (FRS 1021: make judggments and eslknal88 that are TraSable and pru¢ state vthellw applKa48 UK Acc(yJniry Stsndards (FRS 102) have bw fdb%td. sthiect to any material eparo the firon¢l ststsmenls orl Ihg gokng c4xwI bags unlgSF it is inaFprowÉate to wesume thai Ihe Ch8rityil ¢onlknuè kn tsJsln888. Th8 TrUStS are resp5e for kgepru adequate acccKmting reccrfth that are suffKient to slw and explain the Chartys transactlons and disch)se with roasonable accurncy al b.me th8 fmancial p>srlk)n of Charty and enat4e Ihem to ensu that the fwwxi81 ¥latemerts vAth tho Charitth Act 2011 and Charilks (Accounts and ReF¥JtsI 2(KJ8. Y are also reS[sIt for safeguardirwJ th& a$ts of Chlfy an*J hence ft)r takitvJ reasonth steps fty detth of fra(bJ and Other Wregularilw. Awrovod byorder of manbers ol iwd rl TleeS aThJ sg)ed its behalF by. Mrs M Dalamil {chr of TnJste8s) Date.. 24 125 Page 3
INDEPENDENT AUDITORW REPORT TO THE MEIIBERS OF ZVI• R4GOONALA FOUNDATK>N Oplnltsn We have Ihe financial statwnenls d Z¥W Ra08 Foundaticffl lthe'charity) the yew eTrd 30 Jn• 2024 4thch comprise thè Statèmenl of Finan kbvilJ8s. Ihe Balan SheeL the Stalement of Cash Flovts aNJ the rdaled Th)les. a sunmary of sig)Itca)t ac£4yJnrJ [1CleS. The fknandal repthng framewcrfk that has boen apF4W kn th rry¥0 1$ l&v and UnN8d lfjngdcwn knounling StbJard$. induding Fina1 ReFxyts'rwJ St 102 The Finla1 Rftpykng SI•Kl¥d atvlirabb in the UK Kl Ropubk of IUnil•d Galty A¢%erted Act4 Prxtico). In our opwon the f181 statements: give a true 8ThJ law view of lh8 sIAie of 8ffs as al 30 June 2024 and of Its inccrfnlng r8s(wrces ap41 ofreswrces. incJSNJ ils inc¥Jm& aryj exFThJrfure f(Y the y8aT then ended; have be8n property prep¥od 7hilh uted l<kvJkni General hLcept8d Accwnllng Practice., and have been wepared in accorykn ilh the rewinents ol the Chaiities Ad 2011. We o)nduoted OUT in 3¢¢tyda with Inlèmati(ml st8Th18 on AlIting (UIQ (ISAS IUK)) and aFflicable law. Our r&stMskn'lilS ler Ih)se standwd5 are Iwther descrhd in tho Audlor5' respsibltI&s for the audit of th8 fwwKial statements seclkn ol our repryl. Wg ar8 c4 the Charity n actordance with the ethical rewirements that are relat to our audit of th& frnThial Statemgnts in ts Unrl8d Kingdom, w)eluding the Firwcial RèporiirwJ Cc4rrifs Eth1 Standard. and we have luirited (yx 0lh¥ ethical r88tM)nsbllffjes in clyd these WMrun¢Dts. We Wi6ve4 that hgve oblaknd 1$ sufficlenl and ffjpri8te to plJ8 a basls oui . Con¢luslon• r•lating to 90ity ¢Ortern In vthlry the ancial slatements. we have ccYthJ&J blat the Trust. usa ol the n0 ¢on¢em bas18 01 ¢cmting In the prep8ratKM of ts finan081 sialwnents is appropriaio. Basod on Ihg TArffk hah perf0m1, have r#)t klenuw any maiwHI wKertsinb8s rolalkg to evenls or conthlion$ that. j1vidUallY may cast i(nI tho abilly to conb.nuo as a gc4ng Our responslbli&s aThJ Ihg r08PCffi811I1118s of ts Truste06 roswl lo gorrfJ o)nc8m aro d¢suibwJ in Ihe rthwant seclicffis of this rep Oth•r Informatlon Thè other infcmlion C£#fkYts88 the infomiakn iled in the Arnw81 Rer¢rfl th tho finandal $t8iemtyits 8ThJ our AtbStors' RfrK th6rn0n. Thè Tnjstees we respOne f ihe Otr Irrfomialbn conlalned wIINn thè Ar1 ReporL Our (yinron on Iho fl11 staiernwts dc Ihe other information and, except lo th8 oxlent otherthse explh stated in r rgtyl, we do 8X[esS any fcffrn of assurn[a cU$lOn thereon. thjr 18sFsIblfy Os to read the othw mftffiiatic axl. •i so, con$ler whethw th& other inforniatv)n is matenally wn$tent the final1 slal8m8nts or our (i)tsined in course of Ihe dit. c oth8ThYise 4yars to t* malerialy misstalgd. If $u¢h material io$ten¢ apparent m8letsl mlsstal¢ments. are requtwj to delermin8 wh8ther thSs slves rise to a materral mlsstateftwnt in Ihe finarKi81 slatements th$9. If. based ffi thg have f1med. ThB condudfr that there is a material mlsstalement of this other informalv. W8 are lo that f We have to rep in thi8 r•gard. Page 4
IMDEPENDENT AUDITORS. REPORT TO IIEMBERS OF ZVM RANGOONWALA FOUNDATION (CONT•4UeD klatt•rs on which we arn r•wlr•d to r•yt by (lon We havé nothlng lo re8pecl of Ihg mallers whew8 the ch7 (Accwnls and Repwts) RegUor 2IY)8 requiros U5 to T8[rt to W. in ow the infomètknn gv¢n kn Ihe Tnthe RorMXt Is I)n$t In any materfa r8SFecI wSth Ihe fknanthl $18ments: or suffKient accrymtiig rec$ have not twn W or the financi statements Trjl in agreement ilh Iho acntry record5 arKI retums" or Wo have not recoived al thg Inforniat and e¥lAlhjns reqwg for our 8rt. R•sponslbllili•s of truste As eWahe¢J fulty Ai the TnJstees' ResF41thes Slatemwt. Ihe Tte0S for th6 preparakn'on of finan¢ Staterrnts and f salisfd that a true and far ¥, for such inlwnal control as the TNsttts delennine bs necessary lo enth lh• FnparaI1 of f#N3ncial stalemenls that are free from malerial mtsstslemert io fraud or error. In F¥9g the fiTr8n¢i81 st8lemerfs. ts Tntstees are fcy assessing Ihg (aritls abrfty to continue 88 a going o)n(*m, disclC6w, as appkabl&, mait8rs related to concem and usiTrJ Ing ¢0M basls of a¢¢ountiThJ Un5$ thè T1$te¢S to li]uhdate th& dwlty N to cease OP&rat$, or have no realslk allemativo but to do $0. Paae 5
INDEPENDENT AUI)tTORW REPORT TO THE MEMBERS OF ZVM RANGOOPIWALA FOUNDATION ICOMTr4UED) Aud6tors' responsknlltl•s for th• tAKIIt of th• fiMn¢il •tat•rn We have bgfjn aFVOrt&Y bs uKler se¢iityi 144 of ty Charltss Ad 2011 xl acccrfdance wlth from matgrial mlsstatemèrt due to fr•JJ or. aml to an jOr8, Report thal Indudes our cpinkjn. Reascxiable assurance Is a hbJh level ol assuran¢e. tMrt18 Th)t a guarantee that an audit ¢oNJucted ¢dance V+ilh Isk {UK) VA akvayd delt a mthitil misststgnnt vthen it est$. Mi5Statoments arisfj fr(m fr•Jd or error aftd are consKlwed mate(ial rf. indr¥bknlty in tho aggreg, Ihey cwld reascffiably expectsd lo Ihe eo)nomic decisb)n5 laen •)n the l)asi8 of these firwKial slatements. IrrgJlarilies, indLbrvJ fraud. inslanc•s of ilh and wulaih)ns. We design pledureS ne wilh reS[ieS, OLtd atw. to dolect rnalertyl ml88tai8ments In respect of Irrggulwi(iè$. ckKlir¥J fraud. We h8ve knliW fv gwt68t iisk of 8 matwial the fi'nancial statements from egurIlle$. udij fraud, to relate lo thg timwbJ and rwnitK)n of grant irKom8 and the override of ccffitrols by tW8tees. We have an uTrJwstsrKlvw of thè 1tr38l and regulaw fram8work5 that thè Charity operalgs 71 Incl1 toth those that dredly have wnps¢a on the statemerts and more wkyely IIK)se for nonwtsjnpliance coukl have a slgnifica th8 Charltys owalons r&pLtstlon. Tho Chwlties Ad 2011. health and safety I8lOn 8nd dats wotecuon are tts)se we have kIent6d in thi$ regard. Atir@ stsndards lThit the re¢pknd wocthyes as lo non-com1¢& with rewlath)ns to enquwies of The exknl to Ythh our capable ofdthts¥J Kregularthes. indudwvd fraud is tlled belN.' Enqury of those dwfged 4lih 9)VnCe ID iknbfy any knStan( of rth-¢•)mpiwKo th Iws and regU'onS. Awssing the IlmibvJ and of gMt im)me ty malchmw in¢ome to rxffitraC1 tem18 and donor restrKtKTh and comtlkarKewilh SORP (FRS 102) on r85trlctedluNed funds Rg¥iwry finwK¥al statemenl and lestwwJ to supporting thxumenlalKm to assess eomplance Teslkng grant d¢(8Thl) lawth ttws. bank roceyts) IJ) lurKis %vare recoivod and proFérfy PerfcKmirg audit ONW the rK%k of managemort overfwje of ciffitrc4s. WKluding a Tevigw of aCcoting entries for apFCW.atw$. e¥alu8liThJ Ihe kniness railonalfr of signifi¢ant trans0¢$ outside the nomial course of business. revie•w amintmig esllmalès for bias. Because of Ihe limitstS of an aud. tr01$ a th8k Ihal we nol d•l¢¢l all Irrggulathas, IlUdIng those 18aJing to a material mi88ts1ement in finan¢ial slalwnents or n•comPle wth rggulatw. This risk in¢reases Ihe m8 thal Vith a or is rErnoved fr(¥n events and transac11$ re¢d in the finanoal statements. as il be less Ikety lo of iistances of Th)ncmF4iance. The risk is aso greater regdrKJ irwul¥i5 ¢yxuffing due to fraLJ rather error. as frJd Involyes inien1KaL Ccement. forgery. collustr3n. omissi)n or misrepreith. A fvrther desulpil of our restS[bl¢S IN of the fi>81 slatsmts local C Iha FlnanLial Reporliw C(r$ M¢bste at VM•V.frc.(ry.ukJwJiimsFNthlibes. Trms dgscrip1k kms part of our Au¢Jitorn' Page 6
ZVM RGo011AI FOUNDATION DEPENDENT AIJDrroRS' REPORT TO THE MEIIBERS OF ZVM RANGOONWALA FOUNDATION (CONTWUED) We mM8t8 vAth IFwe ch¥ged ilh g)¥mnc• rerdI. among olher matters, the planned scop8 and timing of the •Jdlt a1 nMkant aKIt Ikwjngs, induth any shwllk8Trt dofKaowes in intèmal ccffilrol that we Id&)t5fy durty aud ol our report Thls rep1 is madg sdety to the Charilrfs truslges. as a tx. M) accordance with Part 4 of the CharitS (Accojnls and ReF$) Regulabrns 2008. Our audit vyk has teen Undertak so that we mltht $tai6 to Ihe Charitys truees those malters we aT8 req¢ lo $tste to them an Ajrt(S. Rep and other pwtvse. To the fulkst ex1 pItted by law. we th) I1 or assume resp1•1 to oltrw than Ch¥ity aThl the Cnty$ trusl8es. as a body. for£xaJrt work. for this reiANt. or lor the r4)mK4)ts we ha formed. ma Ndhjan FCA {senK)r st8bJlOry aud6tor) For KI on of W•lldan Tuml)ull Umlted Abany House Clar8M(t Le Esr Surrey KT10 gFQ Data.. 3010412025 Page 7
ZVM RAIIGOOMWALA FOUNDATION STATEMENT OF FIMANCIAL ACTIVfflES (INCORpTI1G WCOME AND EXPENDrriiRE ACCOUNT) FOR THE YEAR ENDED 30 JVNE 2024 To1al funds 224 Tc481 funds 2023 24 No Ineomefrom: Donal•)ns *)d Iyies 2mS.CO) 2.&95.(KKI 2,620,126 Tot•1 in¢om• 2.885.C 2,885.(KlO 2.620.128 Expendltur• on: CharitsNe acts4rybes 1.97&763 1.978,763 2.673.486 1,978,763 1.978.763 2,673,486 N•t mwomenl h) funds .237 9,237 {53.360 R4¢on¢lliation ol funds: Total knds brought toNd Net movemenl in funds 183228 237 183228 906237 236.588 {53.3601 1,089,465 1.089.465 183,228 Th8 Slatemenl of Fwwc481 195 all g•ns and k35ses rec(wis•d in th& Jwr. The ncths on pages 11 to 21 fcffm parl d these ffinal stalements. Page 8
ZVII RANGOOlhYALA FOUNDATM)N REGISTEReD NUMBER: 271513 BALANCE SHEEr AS AT 30 JUNE 2024 2024 2023 Flx•d assets Cash at bank hand 1.095,165 188.628 1,lJ95.165 188,628 Crtrlc8'. 8mounts fallThJ du8 c 14 (S.7} (S,4) N•t curr•Tht a$ts 1.(189,465 183,228 Totsl 4$80ts 1•68 GuTh•nt Iloblwtlos 1.089.465 183,228 N•t a¥Mts exdudlng p•fi •s•t 1.089A65 183.228 Total not ass•ts 1.089,465 183,228 Charfty lunds Restrkled fvr UrKostrkled funds 1.089.465 183228 Total fund• 1,089,465 183.228 The Charoty requ4 WÈ in aGcfAdan¢• $8¢tKffi 144 oflhe Chathes Act 2011. The Twslees ackrnw Ilw r8spcYtsibMles for c£rfnpfyiTrJ wilh ts rg]uiremènts of the Act with respect to aCcoun1g reojrds and pryalty)n cl fvwcial staiemats. The fIn¢r41 Ststgmerts wpre apwmd and auUKrfi8gd for issue by the Trustees syd on they behaff by: Mrs M Dalamal (ChaK of Tnths) Dats: Lql•4115 The ncth on paps 1110 21 fomi port of Ihese fina81 sta&ne$. Pag8 9
FOR THE YEAR ENDED 30 JUME 2024 2024 2023 Nfrt 5h used in oporat¥)g acb 906,537 {28.<0> Cash flow# from Inv•stlng aclivrb etsh provld•d by imre•tln9 acll¥lll•s ¢a8h provld•d by financln9 acllvbtles Change In ¢ash and Cash •qulval•nts In th• >ar Cash and cash al the b8ginthJ ofthe )6.537 128,(Wl 216,688 188,628 Cash and ea•h •qUIvOn¢ at th6 •nd of th• y•* 1.095.16S 188,628 Th& note6 p•306 11 to 21 frm part oflhese ffinarKial statwnents Pap10
NOTES TO THE FINwI STATEMENTS FOR THE YEAR ENDeD 30 JUNE 2024 zith4 Rang)onwala FHlakn ig an unlied Charity {feWfed wmber. 271513) vA)08e rggstered •Stres8 is 8M7 Wwnrdg Stree( Lond(. W1G 9RL. Accounung polk Thg ststemenls been try)ared In aCccrfth vlth lh6 Chadilgs SORP (FRS 1021 . Puountir4J and Rep)ng by Chathlos: St•temenl of RMmeed Pra¢ti¢g applibIg to tharities pr8p8ring Ihetr O¢XC4mts kn acwd8nce th8 Fla1 Repfjng Standard aAYi¢abb in tho UK and Rep of Irdand (FRS 1021 leffedive 1 JarNwy2019), the and the Charities Act 2011. ZVM Fourvjakn meets Ihe of a beneffii enttty FRS 102. A8sels and liabih'lies are intsly recowised at hisloric41 o)sl or tran8a(kn Yalue &$8 sled the 18Ievt acCty poky. The fnancial $tatsments are Prep in slerfing, wtrith is the functional cUencY cl the Charity. Monetary amounts in these f)wxial statemants arè rtyjnded to the ne8r88t £. 2.2 Golng eon¢ern At the Ikno of aFvoYknYJ thg fknthal statemwts. fv TNslees have a reasonab19 eYP8dation that tho Chwity has &Waie resujrces to ¢thu8 in q)wational exbstencè fc the fseeable frjlure. Ttrwjs the Trttstees io t thè goiry c(wi basis of aCcnI1j kn wepalng financial ststfjmenls. Za Chttllabh Funds Umestsicigd we available at the 1thscrel• d ihè Trtte8S in fLWttrwance of their chAiilatite jedves. Restrictèd funds are subject to $p& ¢ondttkffis ty th)Thys 8$ to how Ihoy moy bo US8d. The wrposes uses of the feslrKted are st out in th6 Mtes to the lknaThl staterngnts. 2A In¢<Mn• AH rKome is recogni8ed th8 Charity has enlllthert to the T(X)n. it Is wci)able that the income vil be r8ceiv&l and the amwnl of rme recei¥abie can measurgd rellsly. 2.5 EXp•ThI to a trmrd pty. rt is obabl& that a transfer of befil$ wll be required in Settl)ent and the anwnt of the oblgat)n can be nw8ured r¢lthy. EX[re is cla8srfbJ by acti4fjty. The costs of each acU¥bty 8re made up ol th8 Icdal of CA)sts arwj sh¥od costs, ild4j suppc41 costs Invcthd In undertaking 0h •. uists attrfkyjlth to a 5ng19 aGtNity are alk¢8ted dredly to thal aclfvty. Shgrgd costs contrrlxrto to mce than cth activity suppcrt costs vthkh are rh)t attribulable to a sw aro arWti1ed between th<e tbVrt on a basis consithl wlth Ihe us? of res¢&s. Central stsff costs are alk¢aled on the tsa$ of Iwne spenl. arKJ depreclalbn chr9es 8lkcat&J on thé pOrf* of Ihe 8ssefs uso. Charitys objVe8. as wel as any aSslated Pk)rt o)sts. Page11
ZVII RANGOONWALA FOUNDATION IIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDeD 30 JUNE 2024 pollclgs (¢ontlnu•dl 2.5 Eyp•ndltuM (continu• Thos8 NKILMJ8 (L)sts of thlnislratKffi. any costs for preparalkn ex•minatiM of staiutory SLPPOrt costs are eosis lo t¢ fijnctions that assist the work of ihe charmy bui do nol directly hrtake thritsLI8 C4)sts incl9 office costs as W11 as fina and personnel oxls. Gvants Ptyalyl• These are in accwnls a ¢ommitment has bw mad& aThJ there are r lo be nt relatirKJ lo fv grant remali in ¢Mtrol 2.6 Cash Cash •qulvalw Cash and cash eoivnts cash kn hand. depogts Ik1 at call Mfjlh banks. other shorl.term lwkl knvestsnents ith or•inal maturllles of ljweo months or less. bank overdrafts. Bank 2.7 Fknanclal Instrwn•nts Charity has f•wKial assets arKI finanual liaNkns of a kir#J thal quality 8s ba fin8ThiJl instruments. Ba fKwKial inStrumts are reetsyms at trarnsath)n value and 8ub8equenlly m8ByJed ai thew settlement value TAllh the eXp1KM of bank vthith ¥• subsequonlly measured at aMwIK Cxxl USI 8ffeclh Intsro91 meth(. 2.8 Fund a¢coynllDg Genwal funds are unr8strided fvTrds avdIae for use 81 the thscrelKsn of tho TTuees In furth6rance of the gener81 Ch¥e5 of the Charity and havo Th)t been dg8lgnal8d for other Dgnated IJ6 compriso uryostriclgd Ihal have been set asth by the Trustees for parlicuL4r wrposes. The awn and use d •ach d9s1ted I1 iy sel crtrt wi the notes to Ihe faal Restricted fiJThJs arn fNIS are lo be in a¢ttdartO 7hith spaofic r6strSctions Imp08ed by don¢Ns or t#¢h hawe be rased by ts Charity for partwxl¥ pwpgse5. Thg ujsts of raising and admi$ng suth charg8d ag8WlSt Ihe spth lur•J. The aim use of oxh r85tri¢ted fund is set oul kn the notes to thg financial statements. 2.9 U4bllki•s and yovhh)ns Llablknes we reccqni5ed vhn Ihwe 1$ an ct45gatKy) al the Bal Sheei dale as a result of a past even( it is wctsbl8 that 8 transfer of bon Wil bo r8qured In seltw the arnnt of Ihe set11OnI ¢an b6 eslynaled reliabty. Li*llit5 are rects3Thsed at the amount Ihai the Chaiity aniripAtes it wil pay to setue thè debt or the ProvlsKfflS are m8asured 81 tho best estill810 of th8 wuired to Sélug tho c+AtIon. Whérè th¢ eff¢rt of Ihe lkne ol rrw Is ThaterBI. thg provision is bas&1 (m the present value ol those nots. OSCntod at the FYe4ax dnI rate that r8fi8cis the risks $pecIf lo the Ilabllty. Th8 IndirvJ of the discwnt 15 reccwised in the Slatemont of Financial Activili05 as 8 finan¢e cost. Page 12
MOTES TO THE FINAPKIAL STATEMENTS FOR THE YEPl¢ ENDeD 30 JiINE 2024 Crhlul accou ••llms ¥MI judg•m• In ts 4)plcakn d Ihe Chai3 aw)untii¥J pYK48S. the Trustees are re¢TJlrad to mak• judg0mts. estimates and mp)iS atx)ul OUnt of awts Sl)illies Ihal noi readity app&enl fY(ffi cltw SrC•s. Thè &stins asswatod assumpl•)ns we based on hislori¢al eXPgrienLY and other fxtOTS that comidered lo be rele4w)t. Aclual resuls may dlfler from tsse estinates. The eslim818s t4¥J undeitykng a8suMplKm are reVd an crf)gcMW ba&"s. to accounllng estmnales are rewged in Ihe PWKJ in Ihe estimate Is revwl thg revIs)n affects only fhal peTrxl. or n tho pwKJ of Ihe revw and fithire where th• rev affts bth ojrrenl and future pejS. L$trICted Unrestricted Funds Funds 2024 2023 2.885,000 2.620.126 Pap 13
NOTES TO THE FIIIANCIAL STATEIAEifrs FOR THE YEAR ENDED 30 JUNE 2024 Grdnts p•yabl• 2024 2023 GrAnts to InstltutknM: Grants lo institutk)s relatir¥J to edalkn and fvelih(M¥b Grants to nstitut)ns relThJ to hèalth and Grants to kns1ituthS relatiTh3 to ccrfnmunity i>arts lo inliiutons relatJ to aKI culure 257,214 544,211 496.588 79.348 274,668 366,320 699,655 36,000 1.37T.361 1.3T6.643 An athlitityBI £635. (2023: £1233.791) 4YdS also reOsed frwn ZVM FouTrJation lo Ih8 As requlrad by tho dwiti8s SORP (FRS 11y2) bglow 1$ 8 Ilst of material gwts madè by Ihe chanty, by ant t9, as ell as the of Ihèse and tw¥J dong vAih them. £65.IJXI (R•strthd) lo Art South Asia Prqect Sup13 South Asia) art8 exhitmlths. Othergranls bekn¥ ,(.. £14.348 (wog&). Communlty: £212.631 (Restric) lo RwThala FIndall)i (Indial Tnbst: Urtn slwn Commty Frfogramm88. £45,(W (Restric) io Bnlish Pakotsn F(wtsl)n: UK ¢(rfnmw)ty F¢granmgs. £40.OW <R68trlcled) 10 IThJp . Eklertyswryt ser¥Ke5. £30.OW IRestriAgdl lo D•sra: NGO Cap*1j in lThlia. £30.(MY) IRestrthd} to P Haro {Sp)Ui). Youlh mrtY$pa¢8. £30.1 (Rostricted} to vt1j Matte. Lil8 SUFpNUng oklw. isolat8d rldual$ In £27.5 {ReStted) ¢0 Fr(rf1. Rewll , trakn SUFP)rt to b8c£ffi8 s(thl %wrkaTS £25.OCKJ (Restricbj) io Alxess S(Thl C¥e.' Al legal ad¥Ke chalbot for so(ial care. Other ants below £25.00tr. £56,4S7.00 (a¢JJreg8led}. Page 14
NOTES TOTHE FIPIANCIAL STATEIIENTS FOR THE YEAR ENDED 30 JUNE 2024 Heth & Dls•bllMy. £160.170 (Resbictedl to Menterrn: Social impxt furwj inveslment (its a hxj tdween 1th llv0llhcs agrtcultwe) in India. £80.5CXI (Rastitte(11 to Paklslan Asscwlion tmthi: M•Jical dwKs. £70.OIXI (Restrlctedl to MAITS: Oi8atslty trairwJ. £29.760 (R68trkA} to Carers Worfdrfde: for unpaij cwers. £25.Cth (RoslfKt•J) h) Leprosy Missw: Commnty initiab¥es. Other gr*ts behyw £25.(W: £119.115 laggregated). £25,OfKI (Conthl1) to STIR Educakn." Teaclw trainkng kn ITMla. £25.0 (CoThJiticThll k) Transfo Trade: Women's Ctynmurmty sItes kn Ban9ladesh. Oiher m bekxi £2S.000: £116.746 {agJrepted Page 15
NOTES TO THE FINANCiAL STATEMeMTS FOR The YEAR EMDEO 3D JUNE At the y•w end the charity had the c(mmilments to fiThw. we Th)t psented as liabliti88. The8e nol n¢kthd In IAblMles as. a1h fLrture furKlirvJ to the beb)w charil Is an w)lentKsn of thity, thg io makg the fundry is Tr)t at the yw eTrJ as it is dgpend9nt on wlatos fvom C115 as to thg moneyis Èeir& lIsed. Name of Ch¥lty JthemyArts Il South Asla ¢(¥ Ay4 70,(W edwtion d¢VdonIn1 ctsrily 30.(th Cisatxlty Srl Lanka Nwfft orw¥satk)n dedkatod to SUFocrfling British eo,IX#) P8kistsni5 w) Ihe UK ,(th Relxdd FuThJ. ID SUFVXt asSroO1S NG05 in India 15.310 8 schcc4 fc d&al cPildren in BdI 45.] Disat¥lty chanty in Dev Brthsh Paklslan FouTrJath)n Deafreach Divers8 Ab41s Gasworks GDST mAs MCC Foundatw)n Wheels to Heal Mentfjrra MotNati'on Naz Leg Now Foster Oxftyd Universlty Pakislan H•Jh C(rfnmissK41 Rockel LearriThJ Stslight 21,(IXI M rosldanry pr(yamm& 102.500 1>rOm of research arKI edwlh)n kn sth Asia. 18,437 Promots rrf rgsearth WKJ 8duGalion n Swth Asia. .( lThleMalktr dlsaw kyramme 6(Kl.Cth) Inlgmaknnal disaty charty 69.334 [SabIlity progrJnm8 n India & Nep81 40,(KM) Foster prTrJwnme in Lorhyon .478 OxfLY&Pakistan fellmship prryyamme 15.(KKI C(xnmunity programm8s in LorNkn 40.1YNJ EeduCati prcaramm• li lTrJia 40.IXWJ Hosw thrwJ prcty3ramme Ihe UK So.3 Ccnmunity hub in 8rlxt lo,) Eaty educat#M progr8mn in Pakistsn 15.( Ethxation prowamm& in Gh Women's economK empThpent programme 2S.(XJ) 8wKJla(ksh 14.YJ) Ctfflestic **)rkers educ4t1 wogranme i) Bar6ladesh S0.(XKI Gids prowamm8 in Afghanisl8n 20.1 Promoknn crf rethg aThJ educali Think Equ81 To Live In Hope Transform Tr•Jg UK 8ET 30 8Yd$ FwThJatb)n Upsign Tolal Th• lxrfnmitinants met by fundivJ Ir(ffi the FoundalpJn into ZVM Pag& 16
NOTES TO THE FINWICIAL STATEIIiENTS FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 Basls of aMocath)n 755 General siwxi Prints'ng. W$t4 WKI slathJHry Ccxnwrter costs Legal and kwofessoI 750 General swpxi 2,597 Geri8ral si¥y)rt By spent 52.626 By spent 197 Gen8ral sLwt 727 General SLirwt Govemance.Slatutory 7,281 12,OYJ 39.464 430 7281 12,023 39,464 430 783 Art exhIblUc costs Insurar A1 arMI acc<MJnts fees UNestri¢le(I funds 2024 Tcéal lurKIs 2024 2.885.OCK) 2,885,000 Unrestrkted funds 2023 Tc481 fund$ 2023 2,620,126 2.E20,126 Grants payabl• Gtsnts to IndNikn18 2024 T(rtal fund8 2024 Grants. Cost ofA¢*thies 1.912.361 1,912,361 Pa9e 17
ZVM IIANGOONWALA FOUNDATION NOTES TO THE FWANCIAL STATEMENTS FOR THE YER ENDED 30 JUNE 2024 Grants payabh IGonlinu•dl iknnts to Indithuals 2023 Total furJs 2023 2.610,434 2,610,434 Umethcled funds 2024 Total 2024 Urestrided FU1$ Cost of Athmbes 66,401 1.912.362 66,401 1,912.382 1,978.763 1.978.763 Unwtr4cted frjnds 2023 Total 2023 Unrgslrfctwj F CJStof A¢tbVitie8 63,052 2.610,434 63.052 2,610,434 2,673,486 2.673.486 10. Support costs Grant fuThJww of Supr C0515 2024 funds 2024 2024 unrestric FJ8 Cost of Athbt*s 66,402 66.402 1,912,361 1.912.361 1.911361 66.402 1,978,763 Pag& 18
NOTes TO ThE FINANlaAL STATEIAEIITS FOR THE YEAR ENDED 30 JUNE 2024 10. Supwl costs (¢onllnwd) Gt fvrwJHvJ of Supwi athitps Total funds 2023 2023 Unresbi(*ed FuNts 63,052 2.610,434 2.610,434 1610.434 63.052 2,673,486 2024 2023 5,700 5,400 12. TnMt••s' remunerallon and expenM• C() the no Truslees remwwrntion LY ¢Xhgr benelits (2023. £NIL). Ouriro the erNtsJ 30 June 2024. Tr1 exptttses bowi #ThxYr&J12023. £NIL). 13. Tntst••s None of the Irustoos any persons connected wilh them) rncehEd any Mnuneralion duriro thè r. and rmjne d them were rewnlyThd travd&¥J expertses (21Y23. n6 w8r8 rnimbursed}. Page 19
ZVM RAMGlXINW FOUNDATION NOTesTO THE STATEMENTS FOR THE YE#R ENOED 30 JUNE 2tr24 14. Cr•dltors: Amounts f•llng du• withkn yMr 2023 A¢Auals and deforTed irKom& 5.700 5.41)0 1& Summxy of lunds Sumrn of fvnds. curr•nt y Balan al 30 June 2024 July 2023 ExpgThIiture General frthls 183228 2,88S.(th 11.978.763> 1,089,465 16. Analysts ol n•t a88•18 1)rfw••n funds An•ly•ls ol net aM•ts bgtw••n funds. cwvent p•rlod Unreslricled fund$ 2024 2024 Currentas80ts Credikn5 ithin one >wr 1,095.165 (5,7fy)) 1,095,165 (5,700 Total 1.089,465 1,089,485 17. R•eonclUatlon of n•t movamnt In Iubmls to n•t ¢•sh Ilow Irom op¢vlng •¢1Svlll 2024 2023 Nel incx)melexwNthlurè for the rfod (as per Stalnent of FhwKial 906,237 (53,3601 Adfvstmenls for. 25,000 300 N•t Gah wovlthd byl(u¥•d in) 4)•rallng athlU•s 9)6,537 (28,0601 Pago 20
ZVM RAIIGOOIIWALA FOUNDATION NrEs TO THE FIANCIAL STATEMEifrs FOR THE YEAR EMDED 30 JUNE 2024 18. Anatysls of cash and ¢h aqulv•l•nts 2024 Cash in hwJ 1,095,165 188.628 Total tash and h •qulv•l•rt• 1.095,165 188,628 19. An In n•1 d•bt At1Juty 2023 Cash Ilows At 30 June 2024 Cash al bank aThJ kn hand 188.628 g)6,537 1,095.165 188.628 .537 1.095.165 20. R•l•l•d ptyty tran8xUon8 Tho Charlty madg grants in th8 >ar cl £45.CW {2023: £62.352) to Tr Brlilsh Pakl8tan Foundation for Developnenl 8rKI £12.5ty) {2023.. £25.(> to Thè Bribsh Awan Trust. Mr A Rarw%Yala Is a tntstèe for The Charity also made nts in Iho swr of £70.(KK) (2023: £65.ffj)I to Multi Agonw Intemalv)nal Trakning Suppx)rt £65.CO) (2023: £65,(Wl lo Tl Art s1h Asia Proioct. Mrs M Ddamal is trustee for l>oth of thwit. The Charity also m* gts Mi Ihè year ¢1 £535.(m (2Q3: £1233.791 l to ZVMG Ran9wnwala TNSI {Pakistan). a reknd pwty. F¢yjbdatiC, a rdated paty. Paoe 21