THE AZIMA FOUNDATION
The charity's income is derived from its investments and from occasional donations . Donations are made to such charitable institutions as the trustees may determine having due regard to the objects of the charity.
Objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO PAY THEREFROM ALL THE COSTS AND EXPENSES INCURRED BY THE TRUSTEES IN ESTABLISHING AND ADMINISTERING THE CHARITY AND THE TRUST FUND AND SUBJECT THERETO AS TO THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AS THE PATRON MAY BY NOTICE IN WRITING TO THE TRUSTEES DETERMINE, FOR OR TOWARDS SUCH CHARITABLE PURPOSES, AND TO MAKE DONATIONS TO SUCH CHARITABLE INSTITUTION OR INSTITUTIONS, AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DETERMINE PROVIDED THAT IN SO ACTING THE TRUSTEES SHALL TAKE INTO ACCOUNT THE WISHES OF THE PATRON COMMUNICATED TO THEM IN WRITING FROM TIME TO TIME AND WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING THE TRUSTEES MAY IN PARTICULAR APPLY THE INCOME AND CAPITAL AS AFORESAID FOR THE PURPOSE OF: - (A) THE ADVANCEMENT OF EDUCATION (WITH PARTICULAR EMPHASIS ON ADVANCEMENT OF MUSIC); AND (B) THE RELIEF OF SICKNESS AND DISABILITY. (PLEASE SEE A COPY OF THE DEED ON FILE FOR DETAILS).
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds totalled £408,638 as of 31 December 2024, a decrease from £669,433 in the prior year. The trustees report that additional funds are held to meet current and unforeseen expenditure, and the independent examiner confirmed no material matters were found during their examination.
What the accounts disclose
Policies the charity declares
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- JENNIFER AZIMA
- LADY HENRIETTA MARY SPENCER-CHURCHILL
- MR JAN MATTHEWS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £56k | £60k |
| 31/12/2023 | £39k | £95k |
| 31/12/2022 | £27k | £80k |
| 31/12/2021 | £21k | £66k |
| 31/12/2020 | £21k | £37k |
Common questions
Is THE AZIMA FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds totalled £408,638 as of 31 December 2024, a decrease from £669,433 in the prior year. The trustees report that additional funds are held to meet current and unforeseen expenditure, and the independent examiner confirmed no material matters were found during their examination. Its FY2024 accounts were independently examined.