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.
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
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 |
|---|---|---|
| ANA LEAF FOUNDATION | 1 | £1.0m |
| IGY FOUNDATION | 1 | £750k |
| THE RUMI FOUNDATION | 1 | £550k |
| The Ashley Tabor-King Foundation | 1 | £500k |
| SABEEL FOUNDATION | 1 | £424k |
| PETER DUBENS FAMILY FOUNDATION | 1 | £300k |
| THE RUBIN FOUNDATION CHARITABLE TRUST | 1 | £300k |
| ZOUQ FOUNDATION | 1 | £269k |
Charities like this
- Aruna and Ambika Paul Foundation
- THE SUPPORT FOUNDATION
- THE KARTA INITIATIVE
- KHOO TECK PUAT UK FOUNDATION
- THE KARLSSON JATIVA CHARITABLE FOUNDATION
- THE ROYAL FOUNDATION OF THE PRINCE AND PRINCESS OF WALES
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 |
| Aruna and Ambika Paul Foundation | £342k | — | 0 | unclear | — | no doubt |
| THE SUPPORT FOUNDATION | £190k | — | 0 | below | — | no doubt |
| THE KARTA INITIATIVE | £140k | — | 0 | unclear | — | no doubt |
| KHOO TECK PUAT UK FOUNDATION | £5.2m | — | 0 | below | — | no doubt |
| THE KARLSSON JATIVA CHARITABLE FOUNDATION | £5.0m | — | 0 | above | — | no doubt |