Charity Registration No. 1200400
ZI FOUNDATION
TRUSTEE’S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustee’s Report
The Trustees are pleased to present the annual report and financial statements of the Zi Foundation for the year ended 31 December 2024. These statements have been meticulously prepared in accordance with current statutory requirements, reflecting our commitment to transparency, ethical governance, and accountability to our stakeholders, including donors, beneficiaries, and regulatory bodies.
Objectives and Activities
The Zi Foundation is dedicated to fostering public benefit through targeted interventions aimed at the prevention and relief of poverty and financial hardship in disadvantaged communities. Our focus extends particularly, but not exclusively, to regions in Bangladesh, Bulgaria, and Peterborough, UK. We aim to empower lowincome students through the provision of educational resources, including:
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Establishment of learning centers that offer tutoring and academic support.
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Vocational training programs that equip individuals with necessary skills for employment.
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Healthcare initiatives that address both physical and mental health needs, ensuring a holistic approach to community wellbeing.
In 2023, we proudly launched the Supporting Mental Resilience (SMR) project, a pioneering initiative to address mental health challenges within our communities. This project aims to create the First Mental Health Helpline in the UK, providing accessible support in English and various foreign languages. The pilot phase commenced in Peterborough and Cambridgeshire, with plans for a gradual expansion across the entire United Kingdom.
Throughout the year, the Trustees organized a series of Mental Health Awareness Events in major urban centers, designed to educate the public, reduce stigma, and promote the resources available for mental health support. Our Lead and Executive Advisor for the SMR project, Dr. Saima Wazed—who is also a regional director for the World Health Organization—has been instrumental in shaping the strategic direction and implementation of these initiatives.
Financial Review
For the fiscal year ending 31 December 2024, the charity reported a total income of £0.00, with expenditures amounting to £4061.00. The financial resources were primarily allocated to the development and implementation of the training program for the SMR initiative.Additionally, a portion of our budget was dedicated to the awareness events held in key cities, aimed at maximizing community outreach and engagement.
Reserves Policy
In alignment with the Charity Commission Scheme dated 27 November 1995, the Trustees are committed to distributing all unrestricted reserves in accordance with the Charity Commission's orders, particularly the order dated 10 April 1996 and its
amendments from 8 August 2000. As of 31 December 2024, the charity reports no unrestricted reserves, reflecting our commitment to expending funds on immediate community needs.
Trustees
The dedicated Trustees of the Zi Foundation are as follows:
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Mr. Zillur Hussain MBE – Chair
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Dr. Ivelina Banyalieva – Secretary
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Mr. Chavdar Zhelev – Treasurer
Together, they bring a wealth of experience and expertise, guiding the Foundation’s mission and ensuring effective governance.
Reference and Administrative Details
The Zi Foundation is a registered charity in England and Wales (Charity No: 1200400). Our principal office is located at 77 Lincoln Road, Peterborough, PE1 2SH. We are grateful for the support of our advisors, who play a crucial role in our operations:
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Independent Examiner : Mr. Mazhar Jasani
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Lead Consultant : Dr. Saima Wazed
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Independent Advisors : Dr. Ibrahim Yahli
Plans for Future Periods
As we look to the future, the Trustees have outlined several key objectives and plans for our ongoing projects, particularly the SMR initiative:
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24/7 Mental Health Support Service : Our primary goal is to establish a free, accessible mental health support service that operates around the clock. This service will be available in multiple languages, addressing a wide array of mental health challenges, including urgent cases that may involve suicidal ideation. Support will be facilitated through voice calls, instant messaging, and email, ensuring that help is available when it is needed most.
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Expanding Accessibility and Outreach : We aim to enhance the reach of mental health support services by collaborating with existing charities and organizations. By promoting the SMR service through various channels, we intend to maximize its impact and ensure that those in need are aware of the resources available to them. Our research indicates that we could potentially reach up to 15 million individuals from diverse cultural backgrounds.
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Addressing Existing Service Gaps : Currently, there is no comparable mental health support service available in the UK that meets the diverse linguistic needs of our population. Many existing services are overwhelmed
and primarily provide support in English. Our initiative seeks to fill this critical gap, ensuring that language is not a barrier to receiving essential mental health care.
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Quality Assurance and Service Delivery : To ensure the highest quality of service, SMR has developed a business model centered around several key performance indicators, including:
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The average duration of support conversations.
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Engagement levels of the SMR team members, including their shift lengths and workload.
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The number of qualified supervisors necessary to support call center staff effectively.
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The number of coaches needed for training and mentoring purposes.
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Phased Rollout Strategy : The implementation of the SMR service will occur in phases to allow for careful monitoring and adjustment:
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Phase Zero : System testing, with the service temporarily inaccessible to the public.
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Phase One : Initial rollout through partnerships with two established charities, SHOUT and Winston’s Wish, as well as GP practices in Peterborough.
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Phase Two : Expansion plans will be determined based on the outcomes and feedback received during Phase One.
Statement of Trustee’s Responsibilities
Under charity law, the Trustees are required to prepare financial statements for each financial year that provide a true and fair view of the charity’s state of affairs and net income for the year. In preparing these financial statements, the Trustees must:
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Select suitable accounting policies and apply them consistently throughout the year.
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Make reasonable and prudent judgments and estimates.
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Prepare the financial statements on a going concern basis unless it is inappropriate to do so.
The Trustees are also responsible for maintaining accurate accounting records that disclose, with reasonable accuracy, the financial position of the charity, ensuring compliance with the Charities Act 2011. They are charged with safeguarding the charity’s assets and implementing measures to prevent and detect fraud and other irregularities.
By order of the Trustees
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Zl Foundation On accounts for the year ' 30 September 2024 ended Charity no lif any) 1200400 Set out on pages I report to the trustees on my examination of the accounts of the above harity (he Trust") for the year ended Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordan wtth the requirements of the Charities Act 2011 {llhe Acr). I report in respect of my examination of the Trust's accounts carried OLrt under section 145 of the 2011 Act and in Carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)Ib) of the Act. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below "} in connection with the examination which gives me ¢ause to believe that in, any material respect.. accounting records were not kept in ac¢ordance with section 130 of the Act or the accounts do not accord WFth the accounting records I have no concerns and have come aosS no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. . Pleasè tg the words in the brackets rfthey do not apply. Independent examiner's statement Signed: Date: 1710612025 Name: Mazhar Jasani Relevant professional qualification{s) or body (if any): FCA Address: 380 Cherry Hinton Road Cambridge CB1 8BA IER October 2018
Sectson B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief detalls of any items that the examinerwishes to disclose. IER October 2018
CHARITY COMMISSION FOR ENGLAND AND WALES Foundallo Recei ts and ments accounts CC16a Forth+ pgriod Irom Ql-Oc¢-23 30-S8p-24 Section A Receipts and payments Unrestri¢t8(1 funds Restrlcted lunds Endowment funds Total funds Last year totho n•argst£ Iti th• n••r••t£ t0th•Dr#E Al R•£oi Donations R&%ived Qlh8r Inume to mss In¢om ARJ sa Totsi receipts A3P trnts Bank Charge5 Consunancy Fees i)ther Profe¥$iw Fee4 SOnary Prirtyng Subscnptio D73 1,314 167 2.073 1.314 167 VenuÈ rtye Sub total 4061 A4 Asset and inv¢siment Sub total rotolpayments 4.061 4.061 Net of receip(Payentsj AS Tran5f&rs bettve8n lunds A6 Cash funds last year end Cash funds thls year end 4.06 4.061 4061 4,061
Section B Statement of assets and liabilities at the end of the period Unregtrlctèd funds FI&sirlcted lunds to N•ri¥t C Endowrp.8nt funds 10 Tr4•rHt£ B1 Cayh fund$ 9.121 roral cash funds 9.828 cfth(S)I Unrgsirletèd lund$ to no•rtsi ¢ Ro8trlct•d fund$ Endowrnent funds to n4r•si£ Fundttswldch Details ¢tVIl 83 Investmènt assets Fvnd to whkh asmt bolo Details Currrt 1 34 Assets retained for the charitys own use Fundtowhlch Delails Sup Inount d Wb•n due 85 Llabllltl85 sI9d by or twgl¢ps ¢n behalf of all the vusiees Si9natwe Dale oi roval ZIHLt Hussain MBE IYJoC/ I /(r Dr l¥elina BaWleva