Trustees’ Annual Report for the period
From 01/01/2024 Period start date To 31/12/2024 Period end date Charity name: The Izi Foundation CIO
Charity registration number: 1187116
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The prevention or relief of poverty in the most deprived rural areas of least developed country with fresh drinking water by constructing a new water pump for the benefit of the rural community. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
During 2024 4 water pumps were commissioned and were built in the rural areas of Bangladesh. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have due regard to the Charities Commission’s public guidance benefit guidance when exercising any powers or duties to which the guidance is relevant. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During 2024 4 water pumps were commissioned and were built in the rural areas of Bangladesh. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
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Review of the charity’s Para 1.21 The money for the wells was donated by
financial position at the end Global Market Summits.
of the period
Statement explaining the Para 1.22 The reserves policy is something that
policy for holding reserves the Charity recognises the importance
stating why they are held of maintaining a minimum level of
unrestricted reserve funds to
counterbalance future uncertainties and
provide stability for the Charity.
Amount of reserves held Para 1.22 None.
Reasons for holding zero Para 1.22 It has been difficult to obtain a charity
reserves 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 of fund materially in Para 1.24 None.
deficit
Explanation of any Para 1.23 No uncertainties of the charity
uncertainties about the continuing as 5 water wells have already
charity continuing as a going been built in 2025.
concern
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Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO Association Model |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO Association Constitution |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Appointments are by a resolution passed at a properly convened meeting of the charity trustees. |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
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Charity name The Izi Foundation CIO
Other name the charity uses
Registered charity number 1187116
Charity’s principal address Granville Hall
Granville Road
Leicester
LE1 7RU
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Mr Shah Amran
2 Mr Ashraf Uddin
Mrs Parm Atwal- Chair
3
Uddin
4 Mr Bhavik Patel
5 Mrs Pretty Gill
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets None. held in this capacity Name and objects of the None. charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None. safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Mrs Parm Atwal-Uddin Position (eg Secretary, Chair Chair, etc) Date 09/09/2025
The Izi Foundation 1187116 Receipts and payments accounts CC16a For the period 01/01/2024 31/12/2024 To from
Section A Receipts and payments
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Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Donations 1,120 - - 1,120 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
1,120 - - 1,120 -
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 1,120 - - 1,120 -
A3 Payments
Repayment to donor 1,120 - - 1,120 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 1,120 ] - - 1,120 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 1,120 - - 1,120 -
Net of receipts/(payments) - - - - -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end - - - - -
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CCXX R1 accounts (SS)
29/08/2025
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name MRS PARM ATWAL-UDDIN |
Endowment funds to nearest £ - - - |
|---|---|---|---|
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 15/09/2025 |
CCXX R2 accounts (SS)
29/08/2025
2