THE HINDUJA FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the Charity’s free reserves were in a deficit of £2,248,302 as at 31 December 2024, following a net movement in funds of £394,144. The Trustees note that the Charity is reliant upon donations and depends on confirmation from related entities to fund any shortfall, indicating a dependency on continued related-party support to maintain operations.
What the accounts disclose
“It is the policy of The Hinduja Foundation to maintain funds, which are free reserves of the Charity, at a level which covers administrative costs and grant applications throughout the year.” — page 4
“The Trustees consider that it is appropriate to prepare the financial statements on the going concern basis. This assessment is on the basis of confirmation received from related entities that they would fund any shortfall should the Charity not receive sufficient donations from third parties.”
“During the year the Charity purchased accountancy services totalling £1,200 (2023 - £1,200) from Finac Services Limited, an entity under the control of the Trustees” — page 18
“During the year the Charity donated £nil (2023 - £110,000) to Mukul Madhav Foundation UK, a Charity which is controlled by a family member of the Trustees.” — page 18
“During the year the Charity purchased accountancy services totalling £1,200 (2023 - £1,200) from Finac Services Limited, an entity under the control of the Trustees” — page 18
“During the year the Charity donated £nil (2023 - £110,000) to Mukul Madhav Foundation UK, a Charity which is controlled by a family member of the Trustees.” — page 18
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dheeraj G Hinduja
- PRAKASH HINDUJA
- Sanjay G Hinduja
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £620k | £226k |
| 31/12/2023 | £393k | £3.0m |
| 31/12/2022 | £249k | £250k |
| 31/12/2021 | £114k | £124k |
| 31/12/2020 | £137k | £153k |
Common questions
Is THE HINDUJA FOUNDATION financially healthy?
The accounts state that the Charity’s free reserves were in a deficit of £2,248,302 as at 31 December 2024, following a net movement in funds of £394,144. The Trustees note that the Charity is reliant upon donations and depends on confirmation from related entities to fund any shortfall, indicating a dependency on continued related-party support to maintain operations. Its FY2024 accounts were audited by Lubbock Fine LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |