Charfty reglstratlon number 1114236
THE SANDHU CHARITABLE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE SANDHU CHARITABLE FOUNDATION
LEGALANDADMINISTRATIVE INFORMATION
Trustaes
B. S. Sandhu (Chairman Founder)
P Santhu (Co-founder)
Admlnlstrator and Sécrèlary to the
TNstses
N Steele
Charfty number
1114236
Prfnclpal address
clo The Santon Group
S￿tOn House
5>55 Uxbridge Road
Eallng, London W5 5SA
bslte
.thesanton
rou
.¢omlcha
Independenl Examlner
H Patel FCCA
Ger￿d Edelman LLP
73 Comhlll
London
EC3V 3QQ
Bankern
CAF Bank Llmltèd
25 Klng5 Hlll Avenue
Kings Hilll
West Malling
Kent ME19 4JQ
Stookbrok•rs
Intsractlve Investor
One Embankment
Nevllle Street
Leeds
HP218ZB

THE SANDHU CHARITABLE FOUNDATION
CONTENTS
Page
Trustees report
ststement ol Truste88 respon￿bilitieS
Independent exarnlnefs roport
Statement ol financial activit'e8
8alanco sheet
Note8 to the financlal ststements
9-21

THE SANDHU CHARITABLE FOUNDATION
TrUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The T￿￿teaS present their annud report and a¢¢ounts for the year ended 31 Marth 2024.
The accounts have been prepared in accordance wilh Ihe accounting policies set out in note 1 to the ￿coUnts and
Comply with the charity's governing document, the Charitles Act 2011 and the Statement of Recommended Practice,
applicable to charities prepaflng thelr accounts In accordance with the FIn￿cIal Reporting st￿dard applicable in
the UK and Republic of Ireland IFRS 1021 {effe¢tive 1 January 20191.
OblecdYe> and actl¥ltl•s
The Charity was established as the long term fws for the phllanthroplc actfvrtfes of Blm and Pardeep Sandhu 8nd
their fanmly. It Is antscipated that they wlll remaln the pr6me donors of the Foundation for the foreseeabl8 fiJ￿re 8S
the Foundation does not adively fvndqaise. It wll seek to continue the Charitable work desired by the funders
through the stewardship of its existino resources and by any futhor donations made by the fvnders and Ihelr related
paTlies.
The Foundatton does not currently undertake any dlrect charitable activity but meets its charitable objectives by
making grants to such ¢h8ritable purp￿0$, in any part of the world, as the Trustees in their ab501ute dlscretion
deternwne. Vyhere xts'vities are carried out in the rest ol the world, other than In exceptlonal clrcum5tances. the
Foundation makes donations to other UK charities that OV8rs88 that work direcuy or inclire¢Uy in thou ¢ounth'e8.
During the year no payments were made direct to overseas ch8rities.
Publlc bentrfit
The Trustee8 ¢onfim) that they have referred to trte gUIda￿e contalned In the Charlty Commlsslon's general
guld8nce on publlc benefft when revl8wing the Foundation's aims and objectives and setting the grant policy lor the
year. It18 the Trustee's current de8lre to support a varlety of chorlties in Ilne with the public benefft rewirement.
Adlvitlei
It Is the 8hort term pollcy ol tho Trustees to support In¢thvldual charloes or charftable causes In Ilne with the grant
poli￿ set. There a limited number of chwities that are beginning to receive regular annual funding grants.
Oonations are generally made to charitable institulions with very Ilfflted restridons currently belng applled as to
aclivty or 98ogr8phic81 aiea. In p8rbcular, unlik8 many other charities, the Foundation Is willing to provide
unrestrlcted fijnding as this is often the mosl valuable form of lunding from a reclplenvs perspective. The merits of
each appllcation are cOn￿dered and, If requlred, further research Ca￿led out prior to 8 grant being made. Glven the
ze of the B08fd. the Trustees meet on an informal basls to consider such donations. It is expected th8t the
Foundation wlll Conlnue to fund a varfety ol charitable causes although the focus Is Ilkety to continue to be those
dealing wlth chlldren, wlth educallon and hedth.
In the short term the pollcy of the Trust8981s to expend a rrinirNm of tsvo-thirds ol the net Income 8ri8lng per
year by way of charIta￿e donalons and where Ihat ratio is exceeded to be supplemented, where necessary, from
the capit81 of the Foundation. The Trustees h8ve in recent years made conthbutions significanuy above this
minlmum balance. During the year tho Trustees declded to reduce the 9rants made to 8 more sustain8ble18vel
glven the rothced Income flow of the Foundation from Its Investments.
It remalns the longer tem) Intent of the Trustees to..
l. Forniulate a more focused ¢hwita￿e strategy which wll make a fvndamentsl and long term dmlerence to b)e
lives of the reciFNents,' and
2. Become more olredy involved in charitsble work at the 'gr8ss roi)ts' level andlor to Identify and support
parlners on the specific objectives Identified in 1 above on a more regular ba￿s.
All Trustees give freely of Iheir time and no Trustees remuneration or benefits were paid in the year under review.
Any general administration Costs, other than independent exanwnation fees or bank charges, are met by the Santon
capi￿ Ltd Group which is Controlled by B.S.Sandhu.

THE SANDHU CHARITABLE FOUNDATION
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and performanc•
Signifi¢8nl a¢livities and a¢hievemenls againsf obje¢tives
The Foundation undertakes its work Ihrough makng direct financ481 contributions to the tharitable 8¢tivits'es it
Jpports as well as providing indirect support by as6isting certain charities in their wider fundraigng activities. Since
Inception the Foundallon has made cash contrlbulions of £3.661 m and charitable commltments of £0.415m tot811ing
£4.076m.
1. Dlract Flnanclal Support
In tho year undor revlew Ihe Trustees made grants and commltm8nts totalllng £86,OW (2023.. £327,000) as detalled
In Note 6 to the Accounts. The Trustees note that the Foundallon has now granted or commltted £4.076 nThlllon of
donatson6 since it was established to 163 different Charitable organisations and causes.
During the year the Trustees made cash donations of £183,00012023'. £333,000) to 13 different ch8rities12023.' 18)
averaging £14,076 {2023.' £18,500) per donation. 01 the cash paymonts made, £117,00012023.' £249,000) was In
respect of donation cornn￿tMents made In prlor years to 7 Gharities12023.' 91. No addlttonal commitments were
made thjring the year.
The Trustees made 8 variety of donations during the year primarily to ch8rities it has previously supported, In
parlculaf.. The Ehlers-Danlos Support UK 1£61,0001, V8nety, The Children's Charity {£33,0001, The Anne Frank
Trust UK1£30,000), The Latymer Foundat5on {£18,0001 and the UnlveNty of West London, where we provlde 5
annual bur6aries through the H¢l¢na Kennedy Foundation (£15,000) a8 well as a direct Nursing Scholarship
{£5,0001.
2. Non-Flnanclal and Indlrect Support
The Trustee8 have been ￿tivelY Involved In hel￿ng wlth fijndralslng from thlrd parties on behalf ol a number of
charltles to whom the Foundatson has olso donated fvnds.
Blm Sandhu Is an Ambassador to Maglc Bus UK a Member of tho YE Entrepreneurs Club.
Pardtep Sandhu Is a member ol and former Chair of the lunch commlttee ol The Anne Frank Trust Holocaust
Memori81 Day Lunch as well a8 one of the M¢e Chdrs of The Burswy Appe81, part of tho Insplrlng Minds
Campaign whlch h88 ralsed over £40 million at Latymer Upper School.
2. Non4lnanclal and Indlrect 8upport
The Trustees have been xtively involved in helping with fundraising from thlrd parties on behalf of a number of
Charities to whom the Foundation has also donated funds.
Bim Sandhu is an Ambassador to Maglc Bus UK and a Member of the YE Entrepreneurs Club.
Pardeep Sandhu Is 8 member of 8nd former Chair of the lunch cOmff￿tte8 of The Anne Frank Trust Holocw8t
Memorial Oay Lunch as well as one of the Vic8 Chairs of The Bursary Appeal, part of the Insplrfng Mlnds Campalgn
which Is close to rai&ng £40 n￿llIon at Latymer Upper School.

THE SANDHU CHARITABLE FOUNDATION
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Flnanclal revlew
The net expendi￿re in the year was £52,05412023'.£543,941).
The Foundation is currenly reliant largely on income and Investment retums from its investments.
Investment income decreased to £120,433 from £154.211 in 2023.
The Trustees grant fvnding, tsking into ¥xount comnwtments utslized and made, has decreased to £68.000 from
£327,000 in 2023.
The Trustee8 consider that the fixed assets Investments of the Foundatton are held to provide the annud income to
finance exp8ndibJre in line with Ihe gr8nt policy set. Reserves are nomalty COn￿dered to be represented by net
current assets. The Trustees are confident that all the future Commitments w411 be met out of fu￿re Income or by
disposing of Its hlghly Ilquld listed investments. However, it is more likely that if there was a short term cash flow
Issue and the Trustees felt that it Was not 8ppropriate to dispo￿ of its inveslments Interest free loans would be
sought from The Santon Group as they have been In the past.
Going concem
Having reviewed the charivs financl81 forecast and expected fu￿re cash ilows , the Trustees have a reasonable
expectation that the charity has adequate resources to continue in operational existence for the loreseeable fv￿re.
period of not less than 12 months from the date of approval of these fin￿¢181 statements.
Ac￿rdInglY, the Trustees conlnues to adopt the golng concem basls in preparing the financial statements for the
year ended 31 March 2024. Further details regardlng adopb'on of the oolng concem basbs can be found in note 1.2
to the financlal statements.
Major risks
R18K A88E8SMENT
The Trustees have assessed the major risk8 to whlch the Foundation18 8xpos8d, in particular those related to the
operations and finance of the Foundation, and have developed a risk management strategy which involves the
followlng:
3. An Annu81 review ol the prlnclpal rlsks and uncertaintles that the Foundalon face8',
4. The establishment of pollcles, systems and procedure to mltlgate risks Iden￿fitd,.
5. The implementation of Pr￿edureS do￿gned to ￿￿nin￿Se or m8nage any potenlal Imp￿1 on the Foundallon
should Ihose risks materialise.
The Pflnclpal risk faced by the Foundation Ile5 In the performance of Its Investments. The Tnjstees cOn￿der that the
Foundatlon should aim to seek 8 rebjm of base rate plus 4% pa on its investments in the medium term. This target
was not achleved during the y6ar18rgely as a result of Ihe decrease In general market value ol investments slnce
the last year end.
The Foundation seeks to invest its funds in a dIVe￿￿ed portfolio of listed unlisted se¢uritses.
Factors likely to affect future finanu81 p8rfonn8nce
Another major risk is the relian¢e of the Foundation on the founders; both from a fijnding perspective and an
operational perspective. It is the medium term intention of the Trustees to seek 8 wider family involvement and in
the short lerm it is Ihe intents'on of the trustees to convert the Foundatlon Into a CIO and to appoint a suitable non
famlty memberls) to the Board.
Stru¢￿Tel govemance and management
The Charity was established by a Charitable Trust Deed on 29th March, 2006 and registered as a chwity v￿th Ihe
Charity ComrrIs￿on on 16th May, 2006.

THE SANDHU CHARITABLE FOUNDATION
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Board of Trustees who served during the year and subsequently were..
Mr B S Santhu
P Sandhu
Rac￿lIment and apwln¢ment of tnistees
The Board as a boty have the power to appoint now Trustees at Iheir diKrets'on. All Trustees are rewired to keep
up to date wlth ongoing developments in charlty law and practice. It is the policy of the Board to provide new
Trustees vhth all relevant Irrformatton app8rtglning to the Foundation and Its affairs.
Decisions regarding ¢harity affair8 are made at Trustee meellngs whlch take pl￿e as and when required. The day
to day adnlnistrallon of the Foundalion 18 Carried out by Nicky Steele, under the supeNi8ion of the Trustees.
The Trustees report was approved by trTre Board of Trustees.
Sandhu
P Sandhu
23 December 2024

THE SANDHU CHARITABLE FOUNDATION
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees are responslble for preparing the Trustees Report and the accounts in accordance ¥￿th applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pra¢ti¢el.
The law applicable to Charities in England and Wales requires the Trustees to prepare ￿OUnts for each financial
year which ￿'ve 8 true and falr vlew of the slate of affairs of Ihe charity and of the incorrmng resources and
application of resources of the charity for that year.
In prepartng these a¢¢ounts, the Trustee5 are rewlr6d to..
- select suitable accounting polldes and then apply them con￿$t¢nI1y.
- observe the mothods and princlples In the Charilies SORP:
- make judgements and estimates that are reason8bl6 and prudent.,
- stale whether applicable accounting stAndards have been followed, subject to any mateflal departures disclosed
and explained in the a￿OUnts,.
- prepare the accounts on the golng cO￿¢M basls unless It Is Inapproprlate to presume that th8 charfty wlll conllnue
in operation.
The Trustees are re6ponsible for k8eplng sufficlont accounlng records th8t dlsclos8 wlth reasonable a￿uraCY at
any time the financid position of the charity and enable them to ensure that the accounts comply with the Charities
Act 2011, the Charity (Accounts and Reports) Regulations 2008 gnd the provislons of the trust deed. They are 8180
responsible for safe9uardlng the 8ssets of Ihe Charity and hence for ta￿ng reasonable steps for the prev8nt6on and
detecb'on of fraud and other Irregul8rit5es.

| 

## THE SANDHU CHARITABLE FOUNDATION 

## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SANDHU CHARITABLE FOUNDATION 

| report to the Trustees on my examination of the financial statements of The Sandhu Charitable Foundation (the charity) for the year ended 31 March 2024. 

Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). 

| report in respect of my examination of the charity's financial statements carried out under section 145 of the 2014 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## Independent examiner's statement 

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. 

| understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019. 

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2 __ the financial statements do not accord with those records; or 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. HBex to7el 

H Patel FCCA 

Gerald Edelman LLP 

73 Cornhill London EC3V 3QQ 

Dated: 23 December 2024 

-6- 



THE SANDHU CHARITABLE FOUNDATION
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Donations and legacies
Investment income
5,000
120,433
30,000
154,211
Total Income
125,433
184.211
Ex
ndltuie on:
chw1ta￿e activitlos
69,987
337,409
Nel Incomell•xpendlturel before Inv••tment r•tum8
55,448
(153.198)
Net loss on Investments
(107,5001 {390,743)
Net eXpendI￿re for the yoarlNet movoment In fvnds
(52,0541 {543,941)
Fund balances at 1 April 2023
2.485,849 3,029.790
Fund balan￿9 at 31 March 2024
2,433,795 2,485,849
The 8talement of finan¢lal a¢tivits'88 Includes all galns and losses recognlsed In the year.

THE SANDHU CHARITABLE FOUNDATION
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Flxed assets
Investments
io
2,588,833
2,712,828
Current assets
Debtors
Cash at bank and in hond
12
212,214
51,348
222,551
96,470
283.562
319,021
Credltors: amounts falllng due wlthln one
13
1149,600)
1201,0001
Net current assets
113,962
118,021
Total assets less currenl Ilabllllles
2,702,795
2,830,849
Credltors: amounts falllng due after more
than one year
14
{269,000)
(345,000)
Net assots
2.433,795
2,485,849
Income fvnds
Unrestrid8d funds
2,433,795
2.485,849
Tho accounts were approved by the Board ol Trustee8 and authorised for Issue (Jn 23 December 2024 and signed on its
behalf by..
S Sandhu
Trusts8
P Sandhu
Thiste•

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Company Informatlon
The Sandhu Charitable Foundation Is a charity r8glstered by 8 Charitable Tn￿t Deed in England and 1OJales
wlth the Charity CommIs￿On. The princlp81 address Is First lloor, Santon House. 5>55 Uxbridge Road. Ealing,
London, W5 5SA.
1.1 Accountlng conventlon
These accounts have been prepared in accordance with FRS 102 'The Financial Reporling Standard
applicable in the UK and Republic of Ireland. {'FRS 102.1, 'Accounting and Reporting by Charities. Ihe
Statement of Recommended Pr8ctic8 for charities applying FRS 102, Ihe Charities A¢t 2011 and UK Generally
Accepted Accounting Practice as it applies Irom 1 Januwy 2019. The Charity Santhu Charitable Foundatlon Is
Publlc Benefit Entity as defined by FRS 102.
The accounts have departed from the Charittes (Accounts and Reports) R8gu18tions 2008 only to th8 extent
required to provide a true and lair view. This departure has involved following the Statement of Recommended
Pr￿tiCe for Charities applying FRS 102 rather than the version of the Statement of Recommended Practlce
whlch Is ref8tred to in the Regulatson8 but whlch h88 slnce been vlthdrawn.
Thè accounts 8r• prepared In stsrllng, whlch Is the fundonal Cu￿encY of the chwity. Monetsry amounts In
these financlal statements are rounded to the nearest £.
The xcounts have been prepared under the hlstortcal Cost ¢onventl¢)n, modlfied to Indude the revaluatson
and certain financlal Instruments at falr value. The prlnclpal accounting pollcles adopted are set out below.
1.2 Golng conc•m
At the Ime ol approvlng the accounts, the Trustees have 8 reasonable expectation that the charity has
adequate resources to continue in operational 8XlStence for the foreseeable fulure. Thus, the Tru8tee8
continue to adopl the golng concem basis of accounting in preparing the accounts.
1.3 Charft4ble funds
Endowment funds are subject to specKlc condltlons by donors that the capltal must be maintalned by the
Ch8rity. Unrestricted fijnds are available for use at the discretion of the Twslees in fvtherance of thelr
ch*ltable obJectlv•s unless the funds have beon desIgn￿ed for oth•r purposes.
1.4 Incomlng r•sourc•s
Income Is reco9nised whèn the Foundatlon Is legalty entilled to It after any performance condillons have been
met, the amounts can be measured rellably, and It 18 prob8ble that Income wll be recelved.
Don8tlon8 and other forms of voluntwy income are reco￿lsed as income when receivable except insofar as
Ihgy are incapable of financial measurement.
Assets donated to charlties are Included a5 Income 8t thelr open market vdue.
Income from Investrnents Is Indud8d In the accounts on a recelvable ba￿8.
1.6 R•souKes expended
Liabilities are recognised as soon a5 there is a constructive obligats'on committing the Ghanty to the
expendI￿re. All resources expended are accounted for on an ￿Ual b￿8. Irrecoverable VAT is char9ed to
the expense to what it relates.
The cost of tharitable actiwties is represented by ryants made directy to Institutions.
Also included in charitable expendilure are governance costs in(#Jrred primarily in meetin9 with conSti￿tional
d statutory requlrements.

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Conllnuod)
1.6 Cash and cash equlvalents
Cash cash 8quivalents include cash in hand and deposits held at call with banks.
1.7 Flnandal Instruments
The Charity has elected to apply the provistons of Section 11 'B8&c Financlal Instruments, and Secllon 12
'other Financial Instruments IsGue$' of FRS 102 to all of its financial instruments.
Flnandal Instruments are recogni8ed in the tharity's balance Sheet when charity becomes paty to the
contrac￿al provislons of the Instrument
Flnancial assets and liabil￿.8$ are offse( wth Ihe net amounts presented In the fin8ncl81 statements, when
there is a legally enforceable right to set off the recognised amounts and there Is ￿ intention to settle on a net
basls or to re￿1$0 the asset and setue tha Ilablllty slmultsneously.
Ba81¢ Ilnanclal a88el•
Baslc financial assets, whlch In¢lude debtors and cash and bank balances, are Inltsally measured at
transaction price induding transaction costs and are subsequenlly carrled at amortlsed cost U￿ng the effective
Interest method unless the arr8ngement constitutes a financlng transaction, where the transaclion Is
measured at th8 present value of the fvtrjro recelpts discounted at a market rate of interest. Financial assets
dassified as rKeiv8ble within one year are not amortised.
Ba8lc flnanclal Ilabllltles
Basic financial liabilities, Includlng credltors and bank loans are Inltially recognlsed at trensadon prlce unless
the arrangement con8tilutes a financlng tr8nsaction, where the debt Instrument is measured at the present
value of the luture receipts di￿Ounted at a market rate of Interest. Flnandal Ilablllttes dasslfied as payable
within one year are not 8m(Jrtised.
D•recognlilon of Ilnanclal Ilabllltlo•
Flnancial liabilities are derecognis8d when the charitycha￿ty.S contrathal obllgatlons explre or are discharged
or cancelled.
1.8 Taxatlon
A8 a registered eharlty the Soclety Is exempt trom taxauon on its activitles whlch fall withln the scope of Part
10 ITA2007 and se¢tson 256 ofthe Taxation of Chargeable GainsAct 1992.
Crltlcal accountlng e¥tlmatss and ludgements
In the opplication of the charity's accounting poll¢les, the Trustees are required lo make judgements.
estimates and assumptions about the carying amount of assets and liabillts'es that are not readily apparent
from other sources. The estimates and asswated assumptions are based on historical exp8rlenc6 and other
factors that are Considered to be relev8nL Actual results may differ from these estimates.
The estimates and underlying ￿umptiOnS are reviewed on an ongoing basis. RevI￿OnS to accounting
estimates are recognised in the period in which the estimate is revised where the revision affe¢ts only that
period, or in the period of the revision and fvture periods where the revision affects both current and fvture
perlods. The Charity holds a portlolio of unlistedllisted investments, which are primarily valued at fair value at
the year-end date. These investments are valued by trle trustees, and the valuation process involves
sionfficant judgment and estimation, r8ferenclng observable market pri￿$ for these investments.
10-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Donatlons and legacles
2024
2023
Glfts made by B.S. Sandhu, P. Sandhu and related partles
Donations and glfts
Voluntary income brought forward
5,000
30,000
5,330.429 5,300.429
Voluntary income carried foNiard
5,335,429 5,330,429
Slnce th8 Charfty was establlshed, Mr. and Mrs. Sandhu and thelr related parles have made In tot
donalons to the Charlty of £5.335 mlllion {2023: £5.330 million) Comprising £1.302 nNllion in cash {2023:
£1.307 mllllonl and £4.028 mllllon in quoted investments12023'. £4.028 million}.
B.S. Sandhu, P. Sandhu and The Santon Group 8160 donate direcly to some of the charities with which the
Foundatson works and The Santon Group provides I0￿$tiCal, administrative, travel and subsistence support
to the Foundation on an ex-gratia b8Si8.
Investment Income
2024
2023
Income from Ilst8d Investments
Other Inlertsst recelvable
Interest receivable
100,443
19,990
147,055
2,605
4,551
120,433
154,211
Charftable acllvltlei
2024
2023
Grant fijndlng of aclivities (see note 6)
Support costs incluithng govemance costs
68,000
3,987
327,000
10,409
69,987
337,409
Govemance Costs include a provison of £3,60012022'. £9.0001 for Independent examlnab'on fees. The
balance of the govemance costs each year comprised Investment management and bank charges.
11

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payable
2024
2023
Grants: Cash Pald
The Ehlers-D8nlos Support UK
Variety, The Children's Charity
Anne Frank Trust UK
The Latymer Foundation
Helena Kennedy Foundallon
UniveNty of West London
Pulse of Luton Comnwnlty
Cancer Research UK
Build It
The Ellfar Foundallon
Nl*bt Llght CIC
Mayorfs Music Fund
Secret Sant8 FortAugustys
Young Enterprise
Magic Bus UK
Pitshanger Manor & Gallery Trust
Turkey Mozalc Foundation
The Kalgidhar Trust
Downs Syndrome Assoclatlon
Mahdlo Oldham Youth Zone
Shoots'ng Stsrs Chase
Epilepsy Research UK
NHS Cragmore
61,000
33,000
30,000
18,000
15.000
5,000
5,000
4,000
4,000
3.000
3.000
1,000
1,000
74,000
35,000
100,000
21,500
15.000
3.500
1,000
1,000
18,000
15,000
15,000
10,000
5,000
5,000
5,000
4,000
3,000
Cajh pald In year carrled foThwrd
183,000
333,000
Commltments utlllsed In the year:
The Ehlers-D8nlos Support UK
Anne Frank Trust UK
Varièty, Tho Chlldren's Chethty
Helena Kennedy Foundalion
The Latymer Foundation
University of West London
Mayors, Music Fund
Magic Bus UK
Pltshanger Manor & Gallery Trust
Dovms Syndrom8 Association
Young Enterprise
131,000)
(30,0001
{20,0001
(15,0001
{15,0001
(5,0001
(1,0001
{44,0001
1100,0001
{35,000)
(15,000)
(15,000)
115.000)
(15,000)
15,000)
15,000)
Cash pald In carrfed fomrd
1117,000)
1249,000)
12-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payable
(Conllnued)
2024
2023
Cash paid in the year brought lO￿ard
{117,000)
1249,000)
Commltments made In year:
Anne Frank Trust UK
Variety, The Children's Charity
H8lena Kennedy Foundalion
Magi¢ Bus UK
Cass BupAness School., City, UnIve￿ty of London
The Ehlers Danloss Support UK
University of West London
Mayors. Muslc Fund
PItrLhanger Manor & Gallery Trust
Downs Syndrome Associatlon
50,000
45,000
45,000
30,000
30.000
25.000
15,000
3,000
243,000
Totsl Grants payable In the ye
327,000
Slnce the Foundation was set up it has made dOna￿on8 or comnltments to 163 {2023'. 1581 different
charitles totdling £4,075,66212023'. £4,009,861).
Trusto0•
None of the Trustees (or any persons connected wllh them) received any remuneration durfng the year. No
expenses were charged to the Foundatson by the Trustees.
Donatlons made by B.S. Sandhu and related parties are shown In Note 3.
The Santon Capltal Ltd group, which is owned by B.S. Santhu, provldes offices, staff 8nd administralive
support to the Foundation without charge.
B.S. Sandhu provided an interest free lo￿ of £NII12023.' £5,000) to the Foundation. No balance remalned
outstanding as at 31 March 2024.
Contributions tot811ing £18,00012023: £21,500) were paid to The Latymer Foundation to lund a Class of
2026 Bursary, the STEM Academy (for local state primary schools) and general support for Its charitable
activities. Mr. and Mrs. Sandhu's children attend Latymer Upper School on a full fee paying basis.
Employees
There were no employees (knring the year. The 8￿tOn Capital Ltd grijup provldes administrative support to
the Foundation without charge.
13-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Nellosses on Investments
2024
2023
Revduation of Investments
G8inAoss on sale of investments
1107,628)
128
(426,891)
36,148
1107,500)
(390.743)
14-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Flxed asset Investments
2024
2023
Listed investments
Unlisted investments
Investment ¢ash retained
1.498,185
1,075,656
14,992
1,557,205
926,438
229,185
2,588,833
2,712,828
2024
2023
HIstoric￿ cost as at 31 March 2023 and 31 March 2024
3,056,001
3,155,034
Investments held are dlocated as follow8..
Equity Instruments
Other unlisted
Investments
Cash
2,187,168
2,146,967
386,675
14,992
336,678
229,185
2,588,833
2,712,828
Llsted investments comprise holdings In ordlnary shares, warrants and preference Shares in Main Listed
st￿ks on the London Stock Exchange.
Movements In flx•d ass•t Inve•tments
2024
2023
Cost or valuallon
Brought foThvard
Additions
Valuats'on changes
Change in brokers, cash ac¢ounts
Dlsposals
2,712,828
535,166
{298.652)
{214,978)
{145,531)
3,573.520
497,423
(426,891)
{778,296)
(152,928}
Carried fop+Yard
2,588.833
2,712,828
Carrylng amount
At 31 March 2024
2,588,833
2,712,828
At 31 March 2023
2,712,828
3,573,520
15-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Flnanclal Instruments
2024
2023
Carrylng amount of flnanclal ass•ts
Debt instruments measured at amortised cost
Instruments measured at falr value
212,214
2.588,833
222,551
2,712,828
Carrylng amount of ilnanclal Ilabllltl•s
M88sured at 8mortis8d cost
418,600
12 Dgbtorn
2024
2023
Amounts falllng duo ￿thIn one year:
Short tsm loan
Other debtors
212,214
212,214
10,337
212,214
222,551
16-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Credltors: amounts falllng due wlthln one year
2024
2023
Donations commitments (see below)
Connected party loans (see Noto 7)
Accruals and deferred income
146,000
187.000
5,000
9,000
3.600
149.600
201,000
Donatlon Commllments compdse..
Less than
One Yoar
More than
One Year
Total
The Ehler&Danlos Support UK
Anne Frank Trust UK
Maglc Bus UK
Helena Kennedy Foundation
The Scar Free Foundalion
Cass Buslness School., Clty,
Unlversity of London
The Latymer Foundalon
Prostate Cancer UK
Variety Club, The Children's Chartty
University of West London
Scouts
Mayors Muslc Fund
30.000
25,000
15.000
15,000
10,000
25,000
45,000
38,000
15,000
10,000
55,000
70,000
53,000
30,000
20.000
15,000
15,000
5,¢Joo
5,000
5,000
5,000
1,000
45,000
45,000
10,000
30.000
5,000
60,000
60,000
15,000
35,000
10,000
5,000
2,000
1,000
Totsl Commitments- 31 March 2024
146,000
269,000
415,000
Total Comwltments- 31 Mwch 2023
187,000
345,000
532,000
14 Credltors: amounts falllng due after morn than one yeai
2024
2023
Donatlon commitments
(see note 13)
269,000
345.000
17-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Donatlons to dats (2006-2024
Cash Commltments
Total
Anne Frank Trust UK
Variety, The Chlldren's Charlty
Ehlers-Danlos Support UK
Ma￿¢ 8us UK
The Latymer Foundatlon
Helena Kenn8(ty Foundation
CASS Business School., Cty, University of London
Young Entsrprise
Dasra UK
Prostate Cancer UK
Orbls UK
K•w Foundation
Lullaby Trust
Street Child UK
OEC Commlttee- In(leJPhllllpines
The Family & R8lation8hlp cri￿8 Centre
Akshaya Patra Foundation UK
Th8 Scar Free Foundation
Famlly for Every Chlld
Florenc8 Klelner Found8Oon
ick Unlverity
Pancreattc Cancer UK
Illams Syndrome Foundation
LNWH Corona-19
Jubilee Box Hill School
Coram Beanstalk
Dutston House Educational Trust
Hoppy Days Children's Charity
Find Your Feet
Unl¢ef UK
Lolceslorshlre County Crfcket Club
ElS￿ine
The Elifar Foundatlon
The Stroke Association
Leukemia & Lymphoma Research
British Heart Foundation
Epilepsy Research UK
Eding Food B￿k
Befriend
The Kalgidhar Trust
Pitshanger Manor & Gallery Twst
UnIver￿ty of West London
Carers UK
CAFPH
Shooting Stsr Chase
470,500
467,750
375,000
258,979
183,874
167,000
120,000
93,000
76,000
60,000
51,000
50,000
46,000
45,000
20,000
38,IX)O
36.000
35.000
30,000
30,000
30,000
25,000
25,000
25,000
24,083
22,500
22,500
20,000
20,000
20,000
20,000
20,000
20,000
18,000
17,000
15,225
15,000
15,000
15,000
15,000
15,000
5,000
12,500
12,000
11,500
70,000
35,000
55,000
53,000
60,000
30,000
60,000
540.500
502,750
430,000
309,979
243,874
197,000
180.000
93,000
76,000
75,000
51,000
50,000
46,000
45,000
20,000
38,000
15.000
20,000
55,000
30,000
30,000
30,000
25,000
25,000
25,000
24,083
22,500
22.500
20,000
20.000
20,000
20,000
20,000
20,000
18,000
17,000
15,225
15,000
15,000
15,000
15,000
15,000
15,000
12,500
12,000
11,500
10,000
Subtotal of donallons CJY
3,111,411
408.000
3,519.411
18-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 tlonatlons to date (2006-2024)
(Canttnued)
Subtotsl of donations blf
3,111,411
408,000
3.519,411
Soundseekers
Global Gift Foundation re Variety
GB Childrens Home
DEC Haiti Appeal
Multiple Sclerosis Sw8ty
Unlcef UK re Girls edu¢ationlSyria
LSEAnnual Fund
Beefy Foundation re Yuva Unstoppable
OCDAction
Marie Curie
DEC Coronavirus Appeal
ooso
The Pxe Trust
Turkey Mozalc Foundafjon
JET (Joint Educational Trust)
Bobath Centre for Chlldren wth Cerebal Palsy
Mcmillan Cancer Support
Dyspraxla Foundadon
Her8
B￿lsh Lung Foundalon
Mayor's Muslc Fund
Build It
Bla¢kffiar8 Setuement
Slghtsavers
Sands
Oval Crick8t Rellef Trust
Cancer Rear¢h UK
Ruth Strauss Foundatlon
Lochaber Foodbank
Genetlcs Disorders
Cure Par￿nSOn Tn￿t
Emmaus Hampshlre
Evelina
Bliss
Cystic FIbro￿S
Cholces Ealing
Coram
Enterprise Education Trust
Foundation for The Sludy of Infant Oeaths
Friendship Work
Inter8¢ivet Readlng sor￿¢8
LEPRA
Listening Books
11,000
11,000
10,500
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10.000
10,000
10,000
9,000
8,000
8,000
8,000
7,500
7,000
7,000
4,000
6,502
8.000
6,000
6,000
6,000
6,000
6,000
6,000
5,800
5,000
5.000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5.000
5,000
11,000
11,000
10,500
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
9,000
8,000
8,000
8,000
7,500
7,000
9,000
4,000
6,502
8.000
6,000
8,000
6,000
6,000
6,000
6,000
5,600
5.000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
Subtotal of donatlons Grf
3,426,513
410,000
3,836,513
19-

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Donattons to date12006-20241
{Contlnued)
Subtotal of donalions blf
3,426,513
410,000
3,836.513
Smile Train UK
Stsdight Childrens Foundation
Tree of Hope Children's Charity
The Ear Foundation
The Helping Hands Intemational
Maharaj Duleep Singh Ctsnteneary Trusl
Northwick Park Institute for Medical Research
Helen Rollason Cancer ch￿ Heatth
The Haven
Rlchard House Chlldren's Hosplce
Help for Heroes
Oxfam re Ebola appeal
Stsrfish Greathearts Foundation
GNe Smart UK
The Blg Trust re East Afrlca Appeal
Eallng Soup Kitchen
Scannappe81 {The Bucks Breast CancerAppeg11
Localgivlng re Grenfell TowerApp6
st John Southall Greem
8rolnstorm
scouts
Egllng Stroke Club
Harrow Aphasia Self Help
Shelter
Downs Syndrome Assoclatton
Mandlo Oldham Youth Zone {MJ Bdl)
Pulse ol Luton Communty
Connect Health
RNLI
Interact Worfth￿de
Motor Neurone Disease A88￿18tion
Royal Wanstead Chllthen's Hosplt81
Movember (Prostate Cancer Charlty)
st Christophers Church
BIBIC
Save the Children
SBSA Armed Forces
Amy May Trust
London Vislon Cllnlc Foundalion
Concious B811 r8 Mental Helath Charities
5,000
5,000
5,000
5,000
5,000
5,000
5.000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5.000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
4,000
4,000
3,500
5.000
5,000
5,000
5,000
5,000
5,000
5,000
4,000
4,000
3.500
3,500
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3.000
3,000
3.000
3,000
3.000
3,000
3,000
3,000
3,000
3,000
3,000
Subtotal of donations CJY
3,598,513
415,000
4,013,513

THE SANDHU CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Donatlons to dats (2(K16-2024)
(Conllnued)
Subtotsl ol donations blf
3,598.513
415,000
4.013,513
Mind
Communlty Radlo Llmlted
Self Injury Support
The Bike Project
CALM
Secret Santa Fort Augusty8
Nite Light cic
Hatters Explorers Scout Unlt
L8ndAid
AINe & li¢klng
Ecology Trust Envlronment
swodd re Variety Club
Anna Wallace
W411118m Wates M8modal Fund
Jtsyard Bound
Cancer Re8ear¢h UK
NHS Cragmore
The Streets Ahead
Holy Family PTA
Rlght to Play
Children's Hospital Trust South Africa
V¥llllam Wates Memori81 Fund
Berrys Court School
Georgles Fund
An8phylaxls ¢ampalgn
Pseur IPSP)
London Legal Trust
Harvest India UK
Mums for Babas
Sightsavers
Crisls
Guy's & St Thomas's Charity
Matt Hampson Foundats'on
Maytree Respite centre
MK Oons Sports Foundation Trust
Lord Mayors Appe81
3,000
3,000
3,000
3,000
3,000
2,000
3.000
2,500
2,500
2,500
2,000
2,000
2,000
2,000
2,000
2,000
2,000
1,500
1,500
1,500
1,500
1,500
1,049
1,000
1,000
1,000
1.000
1.000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
100
3,000
3,000
3,000
3,000
3,000
2,000
3,000
2,500
2,500
2,500
2,000
2,000
2,000
2,000
2,000
1,5LIO
1.500
1,500
1.049
1,000
1,000
1.000
1.000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
Totd donations to date
3.880,662
415,000
4,075,882
18 Related party transactlons
The Interest free loan of £5,000 {2023: £5,000) trom &'m Sandhu has been repaid during the yew.
21