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 H￿se
Suwoy
KT10 9FQ
Bankern
Ha￿TrI Bwk Zurith Pk
Untt 47, 55 Baker streel
W1U8EW

Tru•t••8' Roport
Tr￿11•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 ar*wal rekK¥I aTrJ ststrnts for endod 30 June 2024. prepwed In
accc*danc& with:
The Charftss Act 201118$ afi ctsity),
The Charilys wirrfJ th￿rneAt. avj
The Statemenl of ReCcqnm9nd￿ (SORP 2019> FRS 102.
ObJe¢tlv•8 and Public B•n•fft:
Charltsblé Purpos•:
The F￿rKlatI￿ is a gra￿maki￿ m￿jinal￿ed cL¥nmunilles in the UK and internalionaly
through:
LiVelihcrf>ts1gdL*￿f#m, skils training).
Heath (healthcare acuss. d5ai¥ltys9Thirns).
CommuiNty EmpcW￿M1ent {orts. C￿l￿e. styi81 ¢¢+*kn). and
EnMronrn￿t (nèw focus areal.
The T￿￿te￿5 C￿r￿1 they have e￿IK￿ed *ilh Ilw duty to pr￿0￿ tenefi( ensuriry all ￿ants advance
r charitable W￿￿$¢S. ￿lUde."
.£65,000 lo Art s￿rth Ask1 FW SoLth Askn ￿lI￿ra1 hwilagfr to 5,(LX)+ pgcyle..
'£80.$00 b Paktstsn Asx￿lati9n C￿bal. heth Se￿ 2.(M)O+ paiwts."
Actlvllbo• and A¢hl•v•m•nts:
Grant4Iaklng kn 202&.
FcrJJs Area
T¢Aal Grants {£)
Key Proiects SUpp￿9d
Livel*ioods
257214
STIR Ethxatwb (£25k). Transfc
Trade (£25kl
Pa1st￿l 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•:
p￿e1

TRUSTEES. REPORT (CONnNUED>
FOR THE YE*R 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
Res￿8$ 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 c￿bIN￿tyQt gr￿￿￿k￿￿J.
Governan￿.
TIu8ts• RKruMrnonl &
AS the dwty Is a fam*y 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 inr￿je o)rwtrakn. We mitigate Ihese Ihrough riws
partner vetting .
Conlli¢ts of Intwest:
Trustees decl￿ ¢onfftts M￿llY 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) r*spon¥ble for
p￿p￿g the Trusiees. Rewt the finarwl statements wi ￿t(¥￿a￿t vitth ¥Jplica)le law and United
lfjn9dcth AcC(￿ting Standards (Unlled Kirfjdm Gener81tyArcepted A￿nIIng pra￿).
The Iw apF4lCab￿ to ch*lkn li ENJ*MI & 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 slat￿l￿ts. ts trustees ￿ reqthd lo:
c+iserv8 the methods yln¢* ofthe Charilies SORP (FRS 1021:
make judggments and eslknal88 that are TraS￿able 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
Ch8rity*il ¢onlknuè kn tsJsln888.
Th8 TrUSt￿S are resp￿5*￿e 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 Ch*lfy
an*J hence ft)r takitvJ reasonth steps fty detth of fra(bJ and Other Wregularilw.
Awrovod byorder of ￿ manbers ol iwd rl T￿￿leeS aThJ sg)ed its behalF by.
Mrs M Dalamil
{ch￿r of TnJste8s)
Date.. 24 125
Page 3

INDEPENDENT AUDITORW REPORT TO THE MEIIBERS OF ZVI• R￿4GOON￿ALA FOUNDATK>N
Oplnltsn
We have Ihe financial statwnenls d Z¥W Ra￿0￿8￿ Foundaticffl lthe'charity) the yew eTr*d 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£4yJn￿r￿J [￿1CleS. The fknandal repthng
framewcrfk that has boen apF4W kn th* rry¥0￿ 1$ l&v and UnN8d lfjngdcwn knounling
St*bJard$. induding Fina￿1￿ ReFxyts'rwJ St￿￿ 102 The Fin￿la1 Rftpykng SI•Kl¥d atvlirabb in the UK
Kl Ropubk of IUnil•d G￿￿alty A¢%erted Act4￿ Prxtico).
In our op*won the f￿￿181 statements:
give a true 8ThJ law view of lh8 sIAie of 8ff*s as al 30 June 2024 and of Its inccrfnlng
r8s(wrces ap￿￿41￿ ofreswrces. inc*JSNJ ils inc¥Jm& aryj exF*ThJrfure f(Y the y8aT then ended;
have be8n property prep¥od 7hilh u￿ted l<kvJkni General￿ hLcept8d Accwnllng
Practice., and
have been wepared in accorykn *ilh the rewinents ol the Chaiities Ad 2011.
We o)nduoted OUT in 3¢¢tyda￿ with Inlèmati(ml st8Th1￿￿8 on A￿lIting (UIQ (ISAS IUK)) and aFflicable
law. Our r&stMskn'lil￿S ￿ler Ih)se standwd5 are Iwther descrhd in tho Audlor5' resp￿sibl￿tI&s for the audit
of th8 fwwKial statements seclkn ol our repryl. Wg ar8 c4 the Charity n actordance with the
ethical rewirements that are rela￿t to our audit of th& frnThial Statemgnts in ts Unrl8d Kingdom, w)eluding
the Firwcial RèporiirwJ Cc4rrifs Eth￿1 Standard. and we have luirited (yx 0lh¥ ethical r88tM)nsbllffjes in
clyd￿ these WMrun¢Dts. We Wi6ve4 that hgve oblakn￿d 1$ sufficlenl and
ffjpri8te to p￿lJ8 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
¢c*mting 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 responslb*li&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 i￿￿led in the Arnw81 Rer¢rfl th￿ tho finandal
$t8iemtyits 8ThJ our AtbStors' RfrK￿ th6rn0n. Thè Tnjstees we respOn￿e f￿ ihe Ot￿r Irrfomialbn conlalned
wIINn thè Ar￿1 ReporL Our (yinron on Iho fl￿1￿1 staiernwts dc￿ Ihe other information and,
except lo th8 oxlent otherthse explh* stated in ￿r rgt*yl, we do 8X[￿esS any fcffrn of assurn[￿a c￿U$lOn
thereon. thjr 18sF￿sIbl￿fy Os to read the othw mftffiiatic￿ axl. •i so, con$*ler whethw th& other
inforniatv)n is matenally w￿n$￿tent the final￿1 slal8m8nts or our (i)tsined in course of Ihe
dit. c* oth8ThYise 4yars to t* malerialy misstalgd. If $u¢h material i￿o￿$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 ￿f1￿med. 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 ch￿7￿ (Accwnls and Repwts)
RegU￿or￿ 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
$1*8ments: or
suffKient accrymtiig rec￿￿$ have not twn W or
the financi* statements Trjl in agreement *ilh Iho ac￿ntry record5 arKI retums" or
Wo have not recoived al thg Inforniat￿ and e¥lA￿lhjns reqwg for our 8￿rt.
R•sponslbllili•s of truste
As eWahe¢J fulty Ai the TnJstees' ResF4￿*1thes Slatemwt. Ihe T￿￿te0S for th6
preparakn'on of ￿ finan¢￿ Staterr￿nts and f￿ salisf*d 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¥9￿g 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 ¢0￿M
basls of a¢¢ountiThJ Un￿5$ 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¢i*l •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 ￿j￿￿Or8, 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 del￿t a mthitil misststgn*nt vthen it e￿st$. Mi5Statoments arisfj
fr(m fr•Jd or error aftd are consKlwed mate(ial rf. indr¥bknlty ￿ in tho aggreg*, Ihey cwld reascffiably
expectsd lo Ihe eo)nomic decisb)n5 laen •)n the l)asi8 of these firwKial slatements.
IrrgJlarilies, indLb*rvJ fraud. inslanc•s of *ilh and wulaih)ns. We design pl￿edureS
ne wilh reS[*￿i￿￿￿eS, OL￿t*d atw. to dolect rnalertyl ml88tai8ments In respect of Irrggulwi(iè$.
ckKlir¥J fraud. We h8ve k*nliW fv gwt68t iisk of 8 matwial the fi'nancial statements from
egu￿rIlle$. ￿￿udi￿j fraud, to relate lo thg timwbJ and rwnitK)n of grant irKom8 and the override of ccffitrols
by tW8tees. We have an uTrJwstsrKlvw of thè 1tr38l and regulaw fram8work5 that thè Charity
operalgs ￿71￿￿ Incl￿1￿ toth those that dredly have ￿ wnps¢a on the statemerts and more wkyely
IIK)se for nonwtsjnpliance coukl have a slgnifica* th8 Charltys owalons r&pLtstlon. Tho
Chwlties Ad 2011. health and safety I￿8￿lOn 8nd dats wotecuon are tts)se we have kIent￿6d in thi$ regard.
A￿tir@ stsndards lThit the re¢pknd woc*thyes as lo non-com￿1￿¢& with rewlath)ns to enquwies of
The exknl to Ythh our capable ofdthts¥J Kregularthes. indudwvd fraud is t￿lled belN.'
Enqury of those dwfged 4*lih 9)V￿n￿Ce 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 rxffitraC￿1 tem18 and donor
restrKtKTh and comtlkarKewilh SORP (FRS 102) on r85trlctedluN￿ed funds
Rg¥iwry finwK¥al statemenl and lestwwJ to supporting thxumenlalKm to assess eomplance
Teslkng grant d¢(￿￿8Th￿l￿￿) 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 aCco￿ting
entries for apF*CW.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 limitst*￿S of an aud*. tr￿01$ a th8k Ihal we nol d•l¢¢l all Irrggulathas, I￿lUdIng
those 18aJing to a material mi88ts1ement in finan¢ial slalwnents or ￿n•comPl￿e wth rggulatw. This risk
in¢reases Ihe m￿8 thal V*ith 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)n*cmF4iance.
The risk is aso greater reg*drKJ irwul¥i￿5 ¢yxuffing due to fraL*J rather error. as fr*Jd Involyes
inien1K￿aL C￿ce￿ment. forgery. collustr3n. omissi)n or misrepre￿￿ith.
A fvrther desulpil￿ of our rest￿S[b￿l¢S IN of the fi￿>81 slatsm￿ts ￿ local￿ C￿ Iha FlnanLial
Reporliw C(￿￿r$ M¢bste at VM•V.frc.(ry.ukJwJiimsF*Nthlibes. Trms dgscrip1k￿ k*ms part of our
Au¢Jitorn'
Page 6

ZVM R￿*Go011￿AI￿ FOUNDATION
DEPENDENT AIJDrroRS' REPORT TO THE MEIIBERS OF ZVM RANGOONWALA FOUNDATION
(CONTWUED)
We ￿mM￿￿8t8 vAth IFwe ch¥ged *ilh g)¥mnc• re￿rdI￿. among olher matters, the planned scop8 and
timing of the •Jdlt a￿1 *nMkant aKIt Ikwjngs, induth￿ any shwllk8Trt dofKaowes in intèmal ccffilrol that we
Id&)t5fy durty aud
ol our report
Thls rep￿1 is madg sdety to the Charilrfs truslges. as a tx*. M) accordance with Part 4 of the Charit￿S
(Accojnls and ReF￿$) Regulabrns 2008. Our audit v*yk has teen Undertak￿ so that we mltht $tai6 to Ihe
Charitys tru*ees those malters we aT8 req￿¢￿ lo $tste to them ￿ an A￿jrt(￿S. Rep￿ and other pwtvse.
To the fulkst ex￿1 p￿Itted by law. we th) I￿1 or assume resp￿￿1￿•1￿ to oltrw than Ch¥ity
aThl the C￿nty$ trusl8es. as a body. for£x*a￿Jrt 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 L￿e
Es￿r
Surrey
KT10 gFQ
Data.. 3010412025
Page 7

ZVM RAIIGOOMWALA FOUNDATION
STATEMENT OF FIMANCIAL ACTIVfflES (INCORp￿TI1G WCOME AND EXPENDrriiRE ACCOUNT)
FOR THE YEAR ENDED 30 JVNE 2024
To1al
funds
2￿24
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 toN￿d
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 ffin￿al 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
Crtr*lc*8'. 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¢• $8¢tKffi 144 oflhe Chathes Act 2011.
The Twslees ackrnw* Ilw r8spcYtsibMles for c£rfnpfyiTrJ wilh ts rg]uiremènts of the Act with respect to
aCcoun1￿g reojrds and pryalty)n cl fvwcial staiemats.
The fIn￿¢r41 Ststgmerts wpre apwmd and auUKrfi8gd for issue by the Trustees syd on they behaff by:
Mrs M Dalamal
(ChaK of Tnths)
Dats: Lql•4115
The ncth on paps 1110 21 fomi port of Ihese fina￿81 sta&ne￿$.
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 •qUIv￿On¢* 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 F￿Hlakn ig an unli￿ed 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 R￿￿Mme￿￿ed Pra¢ti¢g appli￿bIg to tharities
pr8p8ring Ihetr O¢XC4mts kn acwd8nce th8 F￿￿￿la1 Rep￿fjng 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 sl*ed
the 18Iev￿t acC￿￿ty poky.
The fnancial $tatsments are Prep￿ in slerfing, wtrith is the functional cU￿encY 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 f￿seeable frjlure.
Ttrwjs the Trttstees io *t thè goiry c(wi basis of aCc￿nI1￿j kn wepalng financial
ststfjmenls.
Za Chttllabh Funds
Umestsicigd we available at the 1thscrel•￿ d ihè Trt￿te8S 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 s*t out in th6 Mtes to the lknaTh*l staterngnts.
2A In¢<Mn•
AH rKome is recogni8ed th8 Charity has enlllthert to the *T(X)n￿. it Is wci)able that the
income v*il be r8ceiv&l and the amwnl of r￿me recei¥abie can ￿ measurgd rell*sly.
2.5 EXp•ThI￿
to a trmrd p*ty. rt is ￿obabl& that a transfer of be￿fil$ 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, i￿l￿d4￿j suppc41 costs
Invcthd In undertaking 0￿h •*. uists attrfkyjlth to a 5ng19 aGtNity are alk¢8ted dredly
to thal aclfvty. Shgrgd costs contrrlxrto to mc*e than cth activity suppcrt costs vthkh are
rh)t attribulable to a sw* aro arWti￿1ed 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 obj￿￿Ve8. as wel as any aSs￿lated ￿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 ￿h￿rtake thritsLI8 C4)sts incl￿9 office costs as W￿11 as fina￿ and
personnel oxls.
Gvants Ptyalyl•
These are in accwnls a ¢ommitment has bw mad& aThJ there are r
lo be n*t relatirKJ lo fv grant remali in ¢Mtrol
2.6 Cash Cash •qulvalw
Cash and cash eoiv*nts cash kn hand. depogts I￿k1 at call Mfjlh banks. other shorl.term
l*wkl 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 inStrum￿ts are reetsyms￿ at trarnsath)n value and 8ub8equenlly
m8ByJed ai thew settlement value TAllh the eX￿p1KM of bank vthith ¥• subsequonlly
measured at aMwIK￿ Cxxl USI￿ 8ffeclh* Intsro91 meth(￿.
2.8 Fund a¢coynllDg
Genwal funds are unr8strided fvTrds avdIa￿e for use 81 the thscrelKsn of tho TTu*ees In
furth6rance of the gener81 C**￿h¥e5 of the Charity and havo Th)t been dg8lgnal8d for other
D￿gnated I￿J6 compriso uryostriclgd Ihal have been set asth by the Trustees for parlicuL4r
wrposes. The awn and use d •ach d9s1￿ted I￿1 iy sel crtrt wi the notes to Ihe f￿a￿al
Restricted fiJThJs arn f￿NIS are lo be in a¢tt*dartO 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￿$￿￿ng suth charg8d ag8WlSt Ihe spth lur•J. The aim ￿ use of oxh r85tri¢ted
fund is set oul kn the notes to thg financial statements.
2.9 U4bllki•s and yovhh)ns
Llablknes we reccqni5ed vh*n Ihwe 1$ 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 arn￿nt
of Ihe set11￿OnI ¢an b6 eslynaled reliabty.
Li*llit￿5 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+A￿tIon. Whérè
th¢ eff¢rt of Ihe lkne ol rrw Is ThaterBI. thg provision is bas&1 (m the present value ol those
no￿ts. OSC￿ntod at the FYe4ax d￿￿nI 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￿￿￿ ••llm*s ¥MI judg•m•
In ts 4)plcakn d Ihe Chai￿3 aw)untii¥J pYK48S. the Trustees are re¢TJlrad to mak• judg0m￿ts.
estimates and ￿mp￿)iS atx)ul ￿OUnt of awts ￿ Sl*)illies Ihal ￿ noi readity
app&enl fY(ffi cltw S￿rC•s. Thè &stin*s ￿ 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 reV￿**d ￿ an crf)gcMW ba&"s. to accounllng
estmnales are rew*ged in Ihe PWK*J in Ihe estimate Is revwl thg revIs￿)n affects only fhal
peTrxl. or n tho pwK*J of Ihe revw and fithire where th• rev￿ aff￿ts bth ojrrenl and future
pe￿￿jS.
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 ed￿alkn and fvelih(M¥b
Grants to nstitut*)ns rel*ThJ to hèalth and
Grants to kns1ituth￿S relatiTh3 to ccrfnmunity
i>arts lo inliiutons relat￿￿J 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 re￿Osed 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 t￿9, as *ell as the of Ihèse and t*w¥J dong vAih them.
£65.IJXI (R•strthd) lo Art South Asia Prqect Sup￿1￿3 South Asia) art8 exhitmlths.
Othergranls bekn¥ ￿,(￿.. £14.348 (wog&￿).
Communlty:
£212.631 (Restric￿) lo RwThala FI￿ndall)i (Indial Tnbst: Urt￿n slwn Comm￿￿ty Frfogramm88.
£45,(W (Restric￿) io Bnlish Pakotsn F(wtsl*)n: UK ¢(rfnmw)ty F*¢granmgs.
£40.OW <R68trlcled) 10 IThJ*p￿ ￿. Eklertyswryt ser¥Ke5.
£30.OW IRestriAgdl lo D•sra: NGO Cap*￿1￿j in lThlia.
£30.(MY) IRestrthd} to P￿ Haro {Sp)Ui￿). Youlh ￿m￿rtY$pa¢8.
£30.1￿ (Rostricted} to v￿￿t￿1￿j Matte￿. Lil8 SUFpNUng oklw. isolat8d r￿l￿dual$ In
£27.5￿ {ReSt￿ted) ¢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 h￿x*j tdween ￿1th llv0llhc￿s
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 Worfd*rfde: 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 IT￿M￿la.
£25.0￿ (CoThJiticThll k) Transfo￿￿ Trade: Women's Ctynmurmty sIt￿es 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 fiTh*w. we Th)t ￿p￿sented as
liabliti88. The8e nol n¢kthd In IAblMles as. a1￿h fLrture furKlirvJ to the beb)w charil
Is an w)lentKsn of th*ity, thg io makg the fundry is Tr)t ￿ at the yw eTrJ as it is
dgpend9nt on wlatos fvom C￿11*5 as to thg moneyis Èeir& ￿lIsed.
Name of Ch¥lty
JthemyArts
Il South Asla ￿¢(¥
Ay4
70,(W edwtion d¢Vdo￿nIn1 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 B￿￿dI
45.￿] Disat¥lty chanty in Dev
Brthsh Paklslan FouTrJath)n
Deafreach
Divers8 Ab41*s
Gasworks
GDST
mA￿s
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 s￿th Asia.
18,437 Promots￿ rrf rgsearth WKJ 8duGalion n Swth Asia.
.(￿ lThleMalktr￿ dlsaw kyramme
6(Kl.Cth) Inlgmaknnal disa￿￿ty 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 E￿￿eduCati￿ prc*aramm• li lTrJia
40.IXWJ Hosw thrwJ prcty3ramme ￿ Ihe UK
So.￿3 Cc*nmunity hub in 8rlxt
lo,￿￿) Eaty educat#M progr8mn* in Pakistsn
15.(￿ Ethxation prowamm& in Gh
Women's economK empTh*p￿ent 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$t4￿ WKI
slathJHry
Ccxnwrter costs
Legal and kwofess￿oI
750 General swpxi
2,597 Geri8ral si¥y)rt
By spent
52.626 By spent
197 Gen8ral sLw￿t
727 General SLirwt
Govemance.Slatutory
7,281
12,OYJ
39.464
430
7281
12,023
39,464
430
783
Art exhIblUc￿ costs
Insurar
A￿1 arMI acc<MJnts fees
UNestri¢le(I
funds
2024
Tcéal
lurKIs
2024
2.885.OCK)
2,885,000
Unrestrkted
funds
2023
Tc481
fund$
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 YE*R ENDED 30 JUNE 2024
Grants payabh IGonlinu•dl
iknnts to
Indithuals
2023
Total
fur*Js
2023
2.610,434
2,610,434
Umethcled
funds
2024
Total
2024
Ur*estrided FU￿1$
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
C*JStof 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￿ F￿J8
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)
G￿t
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. n￿6 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¢v*lng •¢1Svlll
2024
2023
Nel incx)melexwNthlurè for the ￿rfod (as per Stal*nent of FhwKial
906,237
(53,3601
Adfvstmenls for.
25,000
300
N•t Ga*h wovlthd byl(u¥•d in) 4)•rallng athlU•s
9)6,537
(28,0601
Pago 20

ZVM RAIIGOOIIWALA FOUNDATION
N￿rEs TO THE F*IANCIAL STATEMEifrs
FOR THE YEAR EMDED 30 JUNE 2024
18. Anatysls of cash and ¢￿h aqulv•l•nts
2024
Cash in h*wJ
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 s￿1h Asia Proioct. Mrs M Ddamal is
trustee for l>oth of thwit*.
The Charity also m* g￿ts 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