ELARA FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased from £70,940 to £147,126 during the year, driven by incoming resources of £194,600 against resources expended of £118,414. The charity holds no restricted funds and has no stated reserves policy target. The independent examiner confirmed no material matters were identified that would cause concern regarding the accounts.
What the accounts disclose
“Mr R Bhatt (Trustee) made a donation of £2,500 (2023: £Nil). He is also a director & controlling shareholder of Elara Capital Plc that also made a donation of £100,000 (2023: £50,000). It should be noted that he did not take part in any decision to donate to charities and any connections were fully disclosed in the minutes of the charity.” — page 9
Trustees
- Bhawani Singh Shekhawat
- Graham Kensett
- Raj Bhatt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £217k | £183k |
| 31/03/2024 | £195k | £118k |
| 31/03/2023 | £115k | £116k |
| 31/03/2022 | £85k | £32k |
| 31/03/2021 | £25k | £16k |
Common questions
Is ELARA FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased from £70,940 to £147,126 during the year, driven by incoming resources of £194,600 against resources expended of £118,414. The charity holds no restricted funds and has no stated reserves policy target. The independent examiner confirmed no material matters were identified that would cause concern regarding the accounts. Its FY2024 accounts were independently examined.
Who funds ELARA FOUNDATION?
Funders whose own accounts filings name ELARA FOUNDATION as a grant recipient include THE HINDUJA FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE HINDUJA FOUNDATION | FY2022 | £5k |
| THE HINDUJA FOUNDATION | FY2024 | £676 |