SJC87 INITIATIVE UK
The charity's main aims are to promote and provide for the advancement of education, Tamil culture, the physical and mental health of children, and the relief of poverty through the provision of grants to suitable institutions and individuals in the UK and abroad. To meet its objectives the charity continued to make maintenance grants to qualifying institutions and individuals.
Objects
THE CHARITY'S OBJECTS ("OBJECTS") ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:(I) FOR THE PUBLIC BENEFIT, TO ADVANCE THE EDUCATION OF, PARTICULARLY BUT NOT EXCLUSIVELY, YOUNG TAMILS, IN LONDON AND THE SURROUNDING AREAS IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT, INCLUDING AWARDING TO SUCH PERSONS SCHOLARSHIP, MAINTENANCE ALLOWANCES OR GRANTS. (II) THE PREVENTION OR RELIEF OF POVERTY OR FINANCIAL HARDSHIP ANYWHERE IN THE WORLD BY PROVIDING GRANTS OR LOANS TO INDIVIDUALS IN NEED AND/OR CHARITIES OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY OR FINANCIAL HARDSHIP.(III) TO ADVANCE EDUCATION IN THE TAMIL CULTURE INCLUDING ITS LANGUAGE AND TRADITIONS FOR THE BENEFIT OF THE PUBLIC AS THE TRUSTEES FROM TIME TO TIME THINK FIT. (IV) TO ENHANCE THE DEVELOPMENT, EDUCATION, PHYSICAL HEALTH AND MENTAL HEALTH OF CHILDREN PRIMARILY OF STATUTORY SCHOOL AGE BY PROVIDING EDUCATIONAL AND SUPPORT FACILITIES ANYWHERE IN THE WORLD BY PROVIDING GRANTS OR LOANS TO INDIVIDUALS IN NEED AND/OR CHARITIES OR OTHER ORGANISATIONS.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £2,754 for the year ended 31 December 2024, bringing total unrestricted funds to £10,086. The trustees consider the ideal level of reserves to be three months of resources expended, noting that the charity operates as a grant-giving entity with a policy to distribute income arising in each financial year. The trustees concluded that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees consider that the ideal level of reserves as at 31 December 2024 would be three months of resources expended.” — page 5
Policies the charity declares
- Investment
- Safeguarding vulnerable beneficiaries
Corporate structure
- Registered company of the charity Companies House 12743725
Company officers (Companies House)
- THURAIRATNAM, Sudarshan not on trustee list
- MOHANAVEL, Thangarajah on trustee list
- SATYENDIRA, Sanmugam on trustee list
Trustees
- THURAIRATNAM SUDARSHANchair
- Sanmugam Satyendira
- Thangarajah Mohanavel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £46k | £43k |
| 31/12/2023 | £42k | £44k |
| 31/12/2022 | £27k | £37k |
| 31/12/2021 | £31k | £26k |
Common questions
Is SJC87 INITIATIVE UK financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £2,754 for the year ended 31 December 2024, bringing total unrestricted funds to £10,086. The trustees consider the ideal level of reserves to be three months of resources expended, noting that the charity operates as a grant-giving entity with a policy to distribute income arising in each financial year. The trustees concluded that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.