GNANAM FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £77,557 and held net liabilities of £21,750 as of 31 December 2023. The trustees acknowledge a material uncertainty regarding the charity's ability to continue as a going concern due to reliance on a non-legally binding letter of support from a trustee and an ongoing tax dispute with HMRC involving the largest donor.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ALLIRAJAH SUBASKARANchair
- AIADURAI SIVASAMY PREMANANTHAN
- Dr Ravikumar Muthukaluvan
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?
The accounts state that the charity reported a net expenditure of £77,557 and held net liabilities of £21,750 as of 31 December 2023. The trustees acknowledge a material uncertainty regarding the charity's ability to continue as a going concern due to reliance on a non-legally binding letter of support from a trustee and an ongoing tax dispute with HMRC involving the largest donor. Its FY2023 accounts were audited by Gerald Edelman LLP.
Who funds GNANAM FOUNDATION?
Funders whose own accounts filings name GNANAM FOUNDATION as a grant recipient include GNANAM FOUNDATION.
Shared trustees with funders
- 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
| Funder | Year | Amount |
|---|---|---|
| GNANAM FOUNDATION | FY2022 | £173k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |