KARTIK PRABHU MEMORIAL FOUNDATION
The Kartik Foundation (Kartik Prabhu Memorial Foundation) supports young adults from the UK and India through charitable projects and awards in the areas of art, enterprise, nature, education, and digital technology.
Objects
THE OBJECTS OF THE CIO ARE TO ACT AS A RESOURCE FOR YOUNG AND DISADVANTAGED PEOPLE TO ADVANCE IN LIFE BY PROVIDING ADVICE AND ASSISTANCE TOWARDS EDUCATIONAL PROGRAMMES, SKILL DEVELOPMENT INITIATIVES AND OTHER ACTIVITIES AS A MEANS OF DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £1,514,782, which the Trustees acknowledge is a significant level compared to current expenditure. The charity reported a net income of £76,003 against charitable expenditure of £62,960, resulting in a small net movement in funds of £2,076. The Trustees confirmed there are no significant short or medium-term financial risks to the charity's continued operations.
What the accounts disclose
“The Trustees set out to maintain an adequate level of reserves to continue the charity's operations, at the year end this amounts to £1,514,782.” — page 4
“During the year, the charity received donations, including Gift Aid & donated shares, totalling £24,145 (2023: £393,750) from Tushar Prabhu, a Trustee.” — page 21
“During the year, grants of £7,000 (2023: £10,450) were paid to Variety The Children's Charity, a charity to which Tushar Prabhu is also a Trustee.” — page 21
“During the year, the charity received donations, including Gift Aid & donated shares, totalling £24,145 (2023: £393,750) from Tushar Prabhu, a Trustee.” — page 21
“During the year, grants of £7,000 (2023: £10,450) were paid to Variety The Children's Charity, a charity to which Tushar Prabhu is also a Trustee.” — page 21
“During the year, the charity received donations, including Gift Aid & donated shares, totalling £24,145 (2023: £393,750) from Tushar Prabhu, a Trustee.” — page 21
“During the year, grants of £7,000 (2023: £10,450) were paid to Variety The Children's Charity, a charity to which Tushar Prabhu is also a Trustee.” — page 21
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Has a trading subsidiary
- Grant-making is its main activity
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 2 were received after the due date: year ending 31/03/2024 (received 06/02/2025, 6 days after the 31/01/2025 due date); year ending 31/03/2023 (received 06/06/2024, 127 days after the 31/01/2024 due date).
Structured financials (annual return, FY ending 04/05/2022)
Trustees
- Rewati Tushar Prabhuchair
- John Kenneth Fowler
- SUDHANSHU PALSULE
- Tushar Sudhakar Prabhu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £327k | £129k |
| 31/03/2024 | £76k | £63k |
| 31/03/2023 | £402k | £60k |
| 04/05/2022 | £654k | £49k |
| 04/05/2021 | £601k | £13k |
Common questions
Is KARTIK PRABHU MEMORIAL FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,514,782, which the Trustees acknowledge is a significant level compared to current expenditure. The charity reported a net income of £76,003 against charitable expenditure of £62,960, resulting in a small net movement in funds of £2,076. The Trustees confirmed there are no significant short or medium-term financial risks to the charity's continued operations. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SLOANE ROBINSON FOUNDATION | 1 | £290k |
| BUPA FOUNDATION | 1 | £60k |
| THE GOYAL FOUNDATION | 1 | £51k |
| THE ESPRIT FOUNDATION | 1 | £25k |
| Evelyn Partners Charitable Trust | 1 | £700 |
Charities like this
- PATHAK CHARITABLE FOUNDATION
- Aruna and Ambika Paul Foundation
- CARD FACTORY FOUNDATION
- MICHAEL CARRICK FOUNDATION
- MUKUL MADHAV FOUNDATION UK
- THE UK CAREER ACADEMY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| KARTIK PRABHU MEMORIAL FOUNDATION | £327k | — | 0 | unclear | — | no doubt |
| PATHAK CHARITABLE FOUNDATION | £29k | — | 0 | above | — | no doubt |
| Aruna and Ambika Paul Foundation | £342k | — | 0 | unclear | — | no doubt |
| CARD FACTORY FOUNDATION | £1.4m | — | 0 | above | — | no doubt |
| MICHAEL CARRICK FOUNDATION | £109k | — | 0 | above | — | no doubt |
| MUKUL MADHAV FOUNDATION UK | £353k | — | 0 | below | — | no doubt |