Trustees’ Annual Report for the period
From 1st January 2024 to 31[st] December 2024
Charity name: The Aridev Foundation
Charity registration number: 1197477
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | to advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time |
| 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 |
Making of grants to support the advancement of the charity’s purposes |
| 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 had regard to the Charity Commission’s guidance on public benefit. |
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
| 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 the period the main achievements of the charity was the distribution of £15,447.54 in charitable grants to the following organisations: • Islamic Relief • Global Giving • The Loomba Foundation • Prisoner’s Education Trust • Hotline Meals Service • Crisis UK • The Trussell Trust • Sri Guru Singh Sabha |
| Additional information (optional) You may choose to include further statements |
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
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity has net reserves at the end of the period |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | All reserves will be distributed as grants in due course |
| Amount of reserves held | Para 1.22 | £14,997.46 |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
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 |
Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| 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 | The Founding Trustees shall be appointed as charity trustees of the CIO for life, subject to clause 12.1. Apart from the First charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
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
| Charity name | The Aridev Foundation |
|---|---|
| Other name the charity uses | n/a |
| Registered charity number | 1197477 |
| Charity’s principal address | Loomba House 622 Western Avenue London W3 0TF |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Rakesh Loomba | ||||
| Samantha Loomba | ||||
| Arisa Loomba | ||||
| Devina Loomba | ||||
– 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 held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
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) Rakesh Loomba Position (eg Secretary, Chairman Trustee Chair, etc) Date 24/7/25
Charity Name No (if any) The Aridev Foundation 1197477 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/01/2024 31/12/2024
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 24,000 - - - - - - - 24,000 - - - 24,000 15,448 30 - - - - - - - 15,478 - - - 15,478 8,522 - 6,475 14,997 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ 24,000 - - - - - - - 24,000 - - - 24,000 15,448 30 - - - - - - - 15,478 - - - 15,478 8,522 |
Total funds to the nearest £ 24,000 - - - - - - - 24,000 - - - 24,000 15,448 30 - - - - - - - 15,478 - - - 15,478 8,522 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations | 24,000 | - - - - - - - - - |
24,000 | - | ||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| Sub total(Gross income for AR) |
24,000 | 24,000 | - | |||
| A2 Asset and investment sales, (see table). |
||||||
| - | - - - |
- | ||||
| - | - | - | ||||
| Sub total | - | - | - | |||
| Total receipts A3 Payments |
||||||
| - | 24,000 | - | ||||
| Donationspaid | 15,448 | - - - - - - - - - - |
15,448 | - | ||
| Bank charges | 30 | 30 | - | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| **Sub total ** | 15,478 | 15,478 | - | |||
| A4 Asset and investment purchases, (see table) |
||||||
| - | - - - |
- | ||||
| - | - | |||||
| **Sub total ** | - | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | 15,478 | - | ||||
| 8,522 | - | - | 8,522 |
- | ||
| - | - | - - |
- | - | ||
| 6,475 | - | 6,475 | - | |||
| 14,997 | - | - | 14,997 | - |
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | 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 B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Bank balance Signature Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 14,997 - - - - - 14,997 - 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 Rakesh Loomba |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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| Rakesh Loomba | 24/07/2025 |