THE GREENCLIFFE FOUNDATION LTD
The Foundation is a grant making foundation with the objective of promoting such purposes as are exclusively charitable in accordance with the laws of England & Wales as the trustees may from time to time determine. The Foundation primary focus is in India.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £31,435,006, supported by significant commercial trading income of £93,367,576 from its subsidiary. The trustees report adequate resources for the foreseeable future, noting that the charity is in an early stage of evolution with a long-term plan to balance income and expenditure over 30-40 years.
What the accounts disclose
“The consolidated financial statements include the results of the below group undertaking, T Choithram & Sons (London) Ltd, which was acquired upon donation of the share capital on 1 March 2022, along with its 100% owned subsidiary, Natco Foods Ltd.” — page 17
“Rent payable - - 400,000 400,000” — page 25
“The consolidated financial statements include the results of the below group undertaking, T Choithram & Sons (London) Ltd, which was acquired upon donation of the share capital on 1 March 2022, along with its 100% owned subsidiary, Natco Foods Ltd.” — page 17
“Rent payable - - 400,000 400,000” — page 25
“The consolidated financial statements include the results of the below group undertaking, T Choithram & Sons (London) Ltd, which was acquired upon donation of the share capital on 1 March 2022, along with its 100% owned subsidiary, Natco Foods Ltd.” — page 17
“Rent payable - - 400,000 400,000” — page 25
“The consolidated financial statements include the results of the below group undertaking, T Choithram & Sons (London) Ltd, which was acquired upon donation of the share capital on 1 March 2022, along with its 100% owned subsidiary, Natco Foods Ltd.” — page 17
“Rent payable - - 400,000 400,000” — page 25
“The consolidated financial statements include the results of the below group undertaking, T Choithram & Sons (London) Ltd, which was acquired upon donation of the share capital on 1 March 2022, along with its 100% owned subsidiary, Natco Foods Ltd.” — page 17
Corporate structure
- Trading subsidiary: T.CHOITHRAM & SONS(LONDON)LIMITED Companies House 00673744
- Trading subsidiary: NATCO FOODS LIMITED Companies House 00782674
- Registered company of the charity Companies House 13494049
- Turnover: £6.2m
- Profit before tax: £-1.7m
- Note 11 discloses amounts due from related undertakings of £23,064,856 (2023: £10,214,669). Note 12 discloses amounts owed to group undertakings of £3,633,680 (2023: £1,356,567) and amounts owed to the ultimate parent undertaking of £8,119,358 (2023: £0).
- Turnover: £87.2m
- Profit before tax: £4.5m
- Donated/gift-aided to the charity: £2.4m
“The distribution relates to a donation to the Greencliffe Foundation Ltd £2,400,000 (2023: £2,148,068), the ultimate parent undertaking.”
Company officers (Companies House)
- PAGARANI, Chandni Virginia on trustee list
- PAGARANI, Davinder on trustee list
- PAGARANI, Luke on trustee list
- PAGARANI, Natasha Zelda on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Chandni Pagarani
- Davinder Pagarani
- LUKE PAGARANI
- Natasha Pagarani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £101.8m | £89.4m |
| 31/12/2023 | £90.2m | £88.1m |
| 31/12/2022 | £69.0m | £61.4m |
Common questions
Is THE GREENCLIFFE FOUNDATION LTD financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £31,435,006, supported by significant commercial trading income of £93,367,576 from its subsidiary. The trustees report adequate resources for the foreseeable future, noting that the charity is in an early stage of evolution with a long-term plan to balance income and expenditure over 30-40 years. Its FY2024 accounts were audited by Berringers LLP.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE GREENCLIFFE FOUNDATION LTD | £101.8m | — | 0 | unclear | — | no doubt |
| THE LOWER GREEN FOUNDATION | £188k | — | 0 | above | — | no doubt |
| THE MCLAIN FOUNDATION LIMITED | £2.8m | — | 0 | unclear | — | no doubt |
| THE GREEN HALL FOUNDATION | £535k | — | 0 | below | — | no doubt |
| The Grocott Family Foundation | £926k | — | 0 | unclear | — | no doubt |
| GRAFF FOUNDATION | £1.4m | — | 0 | above | — | no doubt |