MUKUL MADHAV FOUNDATION UK
To support causes in India and the UK with grants and donations that relieve and improve education and healthcare for poorer and disadvantaged families, social welfare, empowerment and the environment.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves fell significantly from £131,449 to £25,778 due to charitable expenditure exceeding incoming donations. The trustees confirm that sufficient funding is anticipated to continue operations and meet administrative costs. The financial statements were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The level of free reserves are reviewed and set at the start of the financial year. Therefore whilst the free reserves may not meet the reserves policy at the balance sheet date, sufficient income will be received to cover grant expenditure and administrative costs over the next year.”
“Unrestricted donations received from related parties for the year ended 1 August 2024 totalled £82,500 (2023 - £200,000) and grants made to related parties totalled £nil (2023 - £nil). At the end year, amounts of £nil (2023 - £1,167) were due to related parties. The amounts are interest free, unsecured and repayable on demand.” — page 16
Trustees
- RITU PRAKASH CHHABRIAchair
- Baroness Sandip Verma
- Gayatri Prakash Chabria
- VIJAY GOEL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 01/08/2024 | £91k | £197k |
| 01/08/2023 | £211k | £182k |
| 01/08/2022 | £6k | £59k |
| 01/08/2021 | £470k | £316k |
| 01/08/2020 | £0 | £0 |
Common questions
Is MUKUL MADHAV FOUNDATION UK financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves fell significantly from £131,449 to £25,778 due to charitable expenditure exceeding incoming donations. The trustees confirm that sufficient funding is anticipated to continue operations and meet administrative costs. The financial statements were prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were independently examined.
Who funds MUKUL MADHAV FOUNDATION UK?
Funders whose own accounts filings name MUKUL MADHAV FOUNDATION UK as a grant recipient include THE GOYAL FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE GOYAL FOUNDATION | FY2022 | £35k |