OpenCharities

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2022-12-31-accounts

Financial
Review
Review of the charily's Pars 1.21 The money for the wells was donated
financial
position at the
end from Global Market Summits
ofthe
riod
Statement
explaining
the
policy for holding reserves
stating why they are held
Para 1 22 The reserves policy is something
that
the Charity racognises the Importance
of maintaining
a minimum
level of
unrestricted
reserve funds to
counterbalance
future uncertainties
and
rovide stabil
for the Charl
Amount ofreserves
held
Pars 1.22 None
Reasons for holding zero
reserves
Pars 1.22 It has been difficult to obtain a charlrty
business account as the main activity is
in Bangladesh, so therefore there is
nowhere to hold funds currently
and
we
currently
build pumps
when Global
Market Summits
makes a donation.
Details offund materially in Para 1.24 None.
deficit
Explanation
ofany
uncertainties
about the
Para 1.23 None as the Charity
will be able to
operate during the following
period due
charity continuing
as a going
to the easing ofrestrictions.
concern
Additional
information
(optional)
You ma
choose to include
further statements where relevant about:
The charity's
principal
sources offunds
(including
r ara 1.4r
any fundraising)
Investment
policy and
objectives including
any
Para 1.46
social investment
policy
adopted
A description
ofthe principal
Pa~ 1.46
risks facing the charity
Other

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