Z V M RANGOONWALA FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves fell to £535,550 from £1,249,634 in the prior year, driven by charitable expenditure exceeding income. The trustees note that these reserves significantly exceed their policy target of covering 12 months of core operating expenditure. The auditor confirmed the financial statements give a true and fair view and identified no material uncertainties regarding going concern.
What the accounts disclose
“The Trustees' policy is to maintain a level of reserves sufficient to cover at least 12 months of core operating and administrative expenditure.”
“The Charity made grants in the year of £80,000 (2024: £45,000) to The British Pakistan Foundation for Development and £Nil (2024: £12,500) to The British Asian Trust. Mr A Rangoonwala is a trustee for both these charities. The Charity made grants in the year of £70,000 (2024: £65,000) to Art South Asia Project and £80,000 (2024: £70,000) to MAITS. Ms Meheen Dalamal is a trustee for both these charities.” — page 22
“The Charity made grants in the year of £70,000 (2024: £65,000) to Art South Asia Project and £80,000 (2024: £70,000) to MAITS. Ms Meheen Dalamal is a trustee for both these charities.” — page 22
“The Charity made grants in the year of £80,000 (2024: £45,000) to The British Pakistan Foundation for Development and £Nil (2024: £12,500) to The British Asian Trust. Mr A Rangoonwala is a trustee for both these charities. The Charity made grants in the year of £70,000 (2024: £65,000) to Art South Asia Project and £80,000 (2024: £70,000) to MAITS. Ms Meheen Dalamal is a trustee for both these charities.” — page 22
“The Charity made grants in the year of £70,000 (2024: £65,000) to Art South Asia Project and £80,000 (2024: £70,000) to MAITS. Ms Meheen Dalamal is a trustee for both these charities.” — page 22
Structured financials (annual return, FY ending 30/06/2025)
Register events
- Received assets from another charity (22/09/2022)
Trustees
- MEHEEN Dalamalchair
- ASIF RANGOONWALA
- Azam Rangoonwala
- NAWABZADA KHAWAJA SALIMULLAH ASKARI
- SHAKIBA RANGOONWALA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £1.7m | £2.4m |
| 30/06/2024 | £2.9m | £2.0m |
| 30/06/2023 | £2.6m | £2.7m |
| 30/06/2022 | £2.2m | £2.1m |
| 30/06/2021 | £765k | £816k |
Common questions
Is Z V M RANGOONWALA FOUNDATION financially healthy?
The accounts state that unrestricted reserves fell to £535,550 from £1,249,634 in the prior year, driven by charitable expenditure exceeding income. The trustees note that these reserves significantly exceed their policy target of covering 12 months of core operating expenditure. The auditor confirmed the financial statements give a true and fair view and identified no material uncertainties regarding going concern. Its FY2025 accounts were audited by Wellden Turnbull Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GIVE A GIFT | 1 | £10k |