Charity Accounts Intelreading the accounts so you don’t have to

THE KAMINI AND VINDI BANGA FAMILY TRUST

Registered charity 1171409 · accounts filings on the Charity Commission register

Latest income
£3.1m
Latest spending
£254k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves increased to £50,146 while expendable endowment reserves grew to £9,391,441, supported by significant investment gains. The trustees report that risks are considered minimal and the charity has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: sufficient capital base to generate an income level sufficient to maintain the level of grant making planned in the future (held: £9.4m)
“The trustees aim to maintain the endowment fund at a level to provide a sufficient capital base to generate an income level sufficient to maintain the level of grant making planned in the future.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mr M Banga made donations of £1,187,500 including Gift Aid to the charity (2023 - £1,187,500 including Gift Aid)
“During the year Mr M Banga made donations of £1,187,500 including Gift Aid to the charity (2023 - £1,187,500 including Gift Aid)” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Bourner Bullock.

Structured financials (annual return, FY ending 05/04/2025)

Total income
£3.1m
Total spending
£254k
Reserves (reported)
£0
Employees
0

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

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
05/04/2025£3.1m£254k
05/04/2024£1.2m£181k
05/04/2023£1.2m£173k
05/04/2022£1.3m£317k
05/04/2021£230k£165k

Common questions

Is THE KAMINI AND VINDI BANGA FAMILY TRUST financially healthy?

The accounts state that unrestricted reserves increased to £50,146 while expendable endowment reserves grew to £9,391,441, supported by significant investment gains. The trustees report that risks are considered minimal and the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Bourner Bullock.

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.

FunderSimilar charities fundedAmount to them
ASHKELON FOUNDATION1£438k
MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED1£5k
THE LAUFFER FAMILY CHARITABLE TRUST1£1k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with The Family Trust.