GNANAM FOUNDATION

Registered charity 1160782 · accounts filings on the Charity Commission register

The charity makes grants to charities registered in the UK and to institutions carrying out projects consistent with its charitable purposes in Sri Lanka.

Causes: General Charitable Purposes · Grant history (this charity is a funder) · Get email alerts

Latest income

£1.1m

Latest spending

£1.1m

Registered

2015

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity has net liabilities of £1,703 and relies on continuing financial support from its Trustee and a connected donor, Lycamobile UK Limited, to meet cash requirements. The Trustees and auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to a tax dispute involving its largest donor.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £-2k)

“The Trust has no set reserves policy and relies on the continuing support of the Trustees and their connections to operate going forward which they have indicated will be forthcoming.” — page 5

Per its FY2024 accounts as filed with the Charity Commission.

Going concern: material uncertainty disclosed

“As stated in note 1.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the charity's ability to continue as a going concern.”

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Sterling Young Limited. Discloses 3 of 6 completeness components.

Year-over-year changes

Going concern: no going-concern doubt (FY2023) → material uncertainty (FY2024).

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Structured financials (annual return, FY ending 31/12/2024)

Total income

£1.1m

Total spending

£1.1m

Reserves (reported)

£1k

Employees

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

ALLIRAJAH SUBASKARANchair
AIADURAI SIVASAMY PREMANANTHAN
Dr Ravikumar Muthukaluvan

Trustee list from the Charity Commission register (current, not historical).

Operates in: Sri Lanka · Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£1.1m	£1.1m
31/12/2023	£422k	£499k
31/12/2022	£654k	£665k
31/12/2021	£297k	£343k
31/12/2020	£472k	£389k

Common questions

Is GNANAM FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity has net liabilities of £1,703 and relies on continuing financial support from its Trustee and a connected donor, Lycamobile UK Limited, to meet cash requirements. The Trustees and auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to a tax dispute involving its largest donor. Its FY2024 accounts were audited by Sterling Young Limited.

Who funds GNANAM FOUNDATION?

Funders whose own accounts filings name GNANAM FOUNDATION as a grant recipient include GNANAM FOUNDATION.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

AIADURAI SIVASAMY PREMANANTHAN — trustee here and at GNANAM FOUNDATION
ALLIRAJAH SUBASKARAN — trustee here and at GNANAM FOUNDATION
Dr Ravikumar Muthukaluvan — trustee here and at GNANAM FOUNDATION

Known funders

Grants to this charity found in funders’ own accounts filings.

Funder	Year	Amount	Purpose (as stated by the funder)
GNANAM FOUNDATION	FY2022	£173k	General grants to Gnanam Foundation (Registered Charity in Sri Lanka)

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
SONGDALE LIMITED	1	£8k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with GUNASEKERA KARUNARATNA (GK) FOUNDATION.

GUNASEKERA KARUNARATNA (GK) FOUNDATION income £644k
GRAHAME CHARITABLE FOUNDATION LIMITED income £262k
BAGRI FOUNDATION income £707k
FILEY FOUNDATION LTD income £271k
BANHAM FOUNDATION LIMITED income £286k
The Grocott Family Foundation income £926k

Side by side with its peers

Charity	Income	Top pay band	Reserves vs policy	Fundraising cost	Going concern
GNANAM FOUNDATION	£1.1m	—	below	—	material uncertainty
GUNASEKERA KARUNARATNA (GK) FOUNDATION FY2025	£644k	—	unclear	—	no doubt
GRAHAME CHARITABLE FOUNDATION LIMITED FY2025	£262k	—	unclear	—	noted
BAGRI FOUNDATION FY2025	£707k	—	unclear	—	no doubt
FILEY FOUNDATION LTD FY2025	£271k	—	above	—	no doubt
BANHAM FOUNDATION LIMITED FY2025	£286k	—	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.