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← The Sandhu Charitable Foundation

2025-03-31-accounts

Charity registration number 1114236 (England and Wales)

THE SANDHU CHARITABLE FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

THE SANDHU CHARITABLE FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees
Administrator and Secretary to the
Trustees
Charity number
Principal address
Website
Independent Examiner
Bankers
Stockbrokers		 B. S. Sandhu (Chairman and Founder)
P Sandhu (Co-founder)
N Steele
1114236
c/o The Santon Group
Santon House
53-55 Uxbridge Road
Ealing, London W5 5SA
www.thesantongroup.com/charity
J Loizidou FCA
Gerald Edelman LLP
73 Cornhill
London
EC3V 3QQ
CAF Bank Limited
25 Kings Hill Avenue
Kings Hilll
West Malling
Kent ME19 4JQ
Interactive Investor
One Embankment
Neville Street
Leeds
HP21 8ZB

THE SANDHU CHARITABLE FOUNDATION

CONTENTS

Page
Trustees report 1 - 4
Statement of Trustees responsibilities 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 20

THE SANDHU CHARITABLE FOUNDATION

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report and accounts for the year ended 31 March 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and the Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

The Charity was established as the long term focus for the philanthropic activities of Bim and Pardeep Sandhu and their family. It is anticipated that they will remain the prime donors of the Foundation for the foreseeable future as the Foundation does not actively fund-raise. It will seek to continue the charitable work desired by the funders through the stewardship of its existing resources and by any further donations made by the funders and their related parties.

The Foundation does not currently undertake any direct charitable activity but meets its charitable objectives by making grants to such charitable purposes, in any part of the world, as the Trustees in their absolute discretion determine. Where activities are carried out in the rest of the world, other than in exceptional circumstances, the Foundation makes donations to other UK charities that oversee that work directly or indirectly in those countries. During the year no payments were made direct to overseas charities.

Public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Foundation’s aims and objectives and setting the grant policy for the year. It is the Trustee’s current desire to support a variety of charities in line with the public benefit requirement.

Activities

It is the short term policy of the Trustees to support individual charities or charitable causes in line with the grant policy set. There are a limited number of charities that are beginning to receive regular annual funding grants. Donations are generally made to charitable institutions with very limited restrictions currently being applied as to activity or geographical area. In particular, unlike many other charities, the Foundation is willing to provide unrestricted funding as this is often the most valuable form of funding from a recipient’s perspective. The merits of each application are considered and, if required, further research carried out prior to a grant being made. Given the size of the Board, the Trustees meet on an informal basis to consider such donations. It is expected that the Foundation will continue to fund a variety of charitable causes although the focus is likely to continue to be those dealing with children, with education and health.

In the short term the policy of the Trustees is to expend a minimum of two-thirds of the net income arising per year by way of charitable donations and where that ratio is exceeded to be supplemented, where necessary, from the capital of the Foundation. The Trustees have in recent years made contributions significantly above this minimum balance. During the year the Trustees decided to reduce the grants made to a more sustainable level given the reduced income flow of the Foundation from its investments.

It remains the longer term intent of the Trustees to:

  1. Formulate a more focused charitable strategy which will make a fundamental and long term difference to the lives of the recipients; and

  2. Become more directly involved in charitable work at the “grass roots” level and/or to identify and support partners on the specific objectives identified in 1 above on a more regular basis.

All Trustees give freely of their time and no Trustees remuneration or benefits were paid in the year under review. Any general administration costs, other than independent examination fees or bank charges, are met by the Santon Capital Ltd Group which is controlled by B.S.Sandhu.

THE SANDHU CHARITABLE FOUNDATION

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Significant activities and achievements against objectives

The Foundation undertakes its work through making direct financial contributions to the charitable activities it supports as well as providing indirect support by assisting certain charities in their wider fundraising activities. Since inception the Foundation has made cash contributions of £3.845m and charitable commitments of £0.299m totalling £4.144m.

1. Direct Financial Support

In the year under review the Trustees made grants and commitments totalling £68,000 (2024: £66,000) as detailed in Note 6 to the Accounts. The Trustees note that the Foundation has now granted or committed £4.144 million of donations since it was established to 154 different charitable organisations and causes.

During the year the Trustees made cash donations of £184,000 (2024: £183,000) to 15 different charities (2024: 13) averaging £12,267 (2024: £14,076) per donation. Of the cash payments made, £116,000 (2024: £117,000) was in respect of donation commitments made in prior years to 7 charities (2024: 7). No additional commitments were made during the year.

The Trustees made a variety of donations during the year primarily to charities it has previously supported, in particular: The Ehlers-Danlos Support UK (£30,000), Magic Bus UK (£35,000), Variety, The Children’s Charity (£25,000), The Anne Frank Trust UK (£25,000), The Latymer Foundation (£18,000) and the University of West London, where we provided £5,000 directly for a nursing scholarship and 5 annual bursaries through the Helena Kennedy Foundation (£15,000).

2. Non-Financial and Indirect Support

The Trustees have been actively involved in helping with fundraising from third parties on behalf of a number of charities to whom the Foundation has also donated funds.

Bim Sandhu is an Ambassador to Magic Bus UK.

Pardeep Sandhu is a member of and former Chair of the lunch committee of The Anne Frank Trust Holocaust Memorial Day Lunch as well as one of the Vice Chairs of The Bursary Appeal, part of the Inspiring Minds Campaign which has raised over £40 million at Latymer Upper School.

Financial review

The net income in the year was £25,693 (2024: net expenditure of £52,054).

The Foundation is currently reliant largely on income and investment returns from its investments.

Investment income decreased to £103,996 from £120,433 in 2024.

The Trustees grant funding, taking into account commitments utilized and made, has increased to £68,000 from £66,000 in 2024.

The Trustees consider that the fixed assets investments of the Foundation are held to provide the annual income to finance expenditure in line with the grant policy set. Reserves are normally considered to be represented by net current assets. The Trustees are confident that all the future commitments will be met out of future income or by disposing of its highly liquid 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 appropriate to dispose of its investments interest free loans would be sought from The Santon Group as they have been in the past.

THE SANDHU CHARITABLE FOUNDATION

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Going concern

Having reviewed the charity's financial forecast and expected future cash flows , the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, a period of not less than 12 months from the date of approval of these financial statements.

Accordingly, the Trustees continue to adopt the going concern basis in preparing the financial statements for the year ended 31 March 2025. Further details regarding adoption of the going concern basis can be found in note 1.2 to the financial statements.

Major risks

RISK ASSESSMENT

The Trustees have assessed the major risks to which the Foundation is exposed, in particular those related to the operations and finance of the Foundation, and have developed a risk management strategy which involves the following:

  1. An Annual review of the principal risks and uncertainties that the Foundation faces;

  2. The establishment of policies, systems and procedure to mitigate risks identified;

  3. The implementation of procedures designed to minimise or manage any potential impact on the Foundation should those risks materialise.

The principal risk faced by the Foundation lies in the performance of its investments. The Trustees consider that the Foundation should aim to seek a return of base rate plus 4% pa on its investments in the medium term. This target was not achieved during the year largely as a result of the decrease in general market value of investments since the last year end.

The Foundation seeks to invest its funds in a diversified portfolio of listed and unlisted securities.

Factors likely to affect future financial performance

Another major risk is the reliance of the Foundation on the founders; both from a funding perspective and an operational perspective. It is the medium term intention of the Trustees to seek a wider family involvement and in the short term it is the intention of the trustees to convert the Foundation into a CIO and to appoint a suitable non family member(s) to the Board.

Structure, governance and management

The Charity was established by a Charitable Trust Deed on 29th March, 2006 and registered as a charity with the Charity Commission on 16th May, 2006.

The Board of Trustees who served during the year and subsequently were:

Mr B S Sandhu

P Sandhu

Recruitment and appointment of trustees

The Board as a body have the power to appoint new Trustees at their discretion. All Trustees are required to keep up to date with ongoing developments in charity law and practice. It is the policy of the Board to provide new Trustees with all relevant information appertaining to the Foundation and its affairs.

Decisions regarding charity affairs are made at Trustee meetings which take place as and when required. The day to day administration of the Foundation is carried out by Nicky Steele, under the supervision of the Trustees.

THE SANDHU CHARITABLE FOUNDATION TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Tnjstses report was apwoved by the Board of TNstees. B S Sandhu P Sandhu ifoth ler JOJ 5-

THE SANDHU CHARITABLE FOUNDATION

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial 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 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Docusign Envelope ID: 3EFE9E42-6C6A-4023-A651-1B710D27D3A1

THE SANDHU CHARITABLE FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE SANDHU CHARITABLE FOUNDATION

I report to the Trustees on my examination of the financial statements of The Sandhu Charitable Foundation (the charity) for the year ended 31 March 2025.

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.

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

Independent examiner's statement

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.

I 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.

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

I 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.

J Loizidou FCA

Gerald Edelman LLP

73 Cornhill London EC3V 3QQ

Dated: 15 October 2025

THE SANDHU CHARITABLE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income from:
Donations and legacies
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Net income/(expenditure) before investment returns
Net loss on investments
9
Net income/(expenditure) for the year/Net movement in funds
Fund balances at 1 April 2024
Fund balances at 31 March 2025		 2025
£
126,381
103,996
230,377
73,419
156,958
(131,265)
25,693
2,433,796
2,459,489		 2024
£
5,000
120,433
125,433
69,987
55,446
(107,500)
(52,054)
2,485,849
2,433,795

The statement of financial activities includes all gains and losses recognised in the year.

THE SANDHU CHARITABLE FOUNDATION BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed ajsets Investments 10 2.551,829 2.588,833 Current assets Debtors Cash at bank and In hand 12 202,214 212,214 51,348 210,260 283,562 Cr•dltorJ: amounts falllng du• *lthln on• 13 (154,600) (149,600) Net current a•sots 55,660 113,962 Total asmts less ¢urr•nt Ilablllll 2,607.489 2,702,795 Cl￿0t0r$. amounts falllng due after morn than on• year 14 1148,000) 1289,000) N•t a••ets 2,459,489 2,433,795 Income fvnds Unrethcted funds 2,459,489 2,433,795 The acci)unts wore approved by Ihe Board ol Tru8tses and authori8ed for188ue on . beham by.. and signed on Its S Sandhu Truste• an(thu Tru•t••

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Company information

The Sandhu Charitable Foundation is a charity registered by a Charitable Trust Deed in England and Wales with the Charity Commission. The principal address is First floor, Santon House, 53-55 Uxbridge Road, Ealing, London, W5 5SA.

1.1 Accounting convention

These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The charity Sandhu Charitable Foundation is a Public Benefit Entity as defined by FRS 102.

The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, modified to include the revaluation and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

1.4 Incoming resources

Income is recognised when the Foundation is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations and other forms of voluntary income are recognised as income when receivable except insofar as they are incapable of financial measurement.

Assets donated to charities are included as income at their open market value.

Income from investments is included in the accounts on a receivable basis.

1.5 Resources expended

Liabilities are recognised as soon as there is a constructive obligation committing the charity to the expenditure. All resources expended are accounted for on an accrual basis. Irrecoverable VAT is charged to the expense to what it relates.

The cost of charitable activities is represented by grants made directly to institutions.

Also included in charitable expenditure are governance costs incurred primarily in meeting with constitutional and statutory requirements.

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitycharity’s contractual obligations expire or are discharged or cancelled.

1.8 Taxation

As a registered charity the Society is exempt from taxation on its activities which fall within the scope of Part 10 ITA2007 and section 256 of the Taxation of Chargeable Gains Act 1992.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The Charity holds a portfolio of unlisted/listed investments, which are primarily valued at fair value at the year-end date. These investments are valued by the trustees, and the valuation process involves significant judgment and estimation, referencing observable market prices for these investments.

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Donations and legacies

Gifts made by B.S. Sandhu, P. Sandhu and related parties
Donations and gifts
Voluntary income brought forward
Voluntary income carried forward		 2025
£
126,381
5,335,429
5,461,810		 2024
£
5,000
5,330,429
5,335,429

Since the Charity was established, Mr. and Mrs. Sandhu and their related parties have made in total donations to the Charity of £5.462 million (2024: £5.335 million) comprising £1.308 million in cash (2024: £1.308 million) and £4.028 million in quoted investments (2024: £4.028 million) and £0.126m in unquoted investments.

B.S. Sandhu, P. Sandhu and The Santon Group also donate directly to some of the charities with which the Foundation works and The Santon Group provides logistical, administrative, travel and subsistence support to the Foundation on an ex-gratia basis.

4 Investment income

Income from listed investments
Other interest receivable		 2025
£
89,463
14,533
103,996		 2024
£
100,443
19,990
120,433

5 Charitable activities

Grant funding of activities (see note 6)
Support costs including governance costs		 2025
£
68,000
5,419
73,419		 2024
£
66,000
3,987
69,987

Governance costs include a provision of £3,600 (2024: £3,600) for independent examination fees. The balance of the governance costs each year comprised investment management and bank charges.

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

6 Grants payable

2025 2024
£ £
Grants: Cash Paid
Magic Bus UK 30,000 -
The Ehlers-Danlos Support UK 30,000 61,000
Anne Frank Trust UK 25,000 30,000
Variety, The Children's Charity 25,000 33,000
The Latymer Foundation 18,000 18,000
Helena Kennedy Foundation 15,000 15,000
Akshaya Patra Charity re The Childhood Trust 10,000 -
Young Enterprise 10,000 -
University of West London 5,000 5,000
Melanoma Focus 5,000 -
Open Ealing 5,000 -
The Elifar Foundation 3,000 3,000
Fort Augustus Cricket Club re Youth 1,000 -
Mayor's Music Fund 1,000 1,000
Secret Santa Fort Augustus 1,000 1,000
Pulse of Luton Community - 5,000
Cancer Research UK - 4,000
Build It - 4,000
Night Light CIC - 3,000
Cash paid in year carried forward 184,000 183,000
Commitments utilised in the year:
Magic Bus UK (30,000) -
Anne Frank Trust UK (25,000) (30,000)
Variety, The Children's Charity (25,000) (20,000)
Helena Kennedy Foundation (15,000) (15,000)
The Latymer Foundation (15,000) (15,000)
University of West London (5,000) (5,000)
Mayors' Music Fund (1,000) (1,000)
Total commitments utilised (116,000) (117,000)
Total Grants payable in the year 68,000 66,000

Since the Foundation was set up it has made donations or commitments to 165 (2024: 163) different charities totalling £4,143,662 (2024: £4,075,662).

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year. No expenses were charged to the Foundation by the Trustees.

Donations made by B.S. Sandhu and related parties are shown in Note 3.

The Santon Capital Ltd group, which is owned by B.S. Sandhu, provides offices, staff and administrative support to the Foundation without charge.

Contributions totalling £18,000 (2024: £18,000) were paid to The Latymer Foundation to fund a Class of 2026 Bursary and general support for its charitable activities. A child of Mr. and Mrs. Sandhu attends Latymer Upper School on a full fee paying basis.

8 Employees

There were no employees during the year. The Santon Capital Ltd group provides administrative support to the Foundation without charge.

9 Net losses on investments

2025 2024
£ £
Revaluation of investments (152,456) (107,628)
Gain/loss on sale of investments 21,191 128
(131,265) (107,500)

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Fixed asset investments

Listed investments
Unlisted investments
Investment cash retained
Historical cost as at 31 March 2025 and 31 March 2024
Investments held are allocated as follows:
Equity instruments
Other unlisted
investments
Cash		 2025
£
1,236,374
1,314,105
1,350
2,551,829
2025
£
2,717,256
1,236,374
1,314,105
1,350
2,551,829		 2024
£
1,498,185
1,075,656
14,992
2,588,833
2024
£
3,056,001
2,187,166
386,675
14,992
2,588,833

Listed investments comprise holdings in ordinary shares, warrants and preference shares in Main Listed Stocks on the London Stock Exchange.

Movements in fixed asset investments

Cost or valuation
Brought forward
Additions
Valuation changes
Change in brokers' cash accounts
Disposals
Carried forward
Carrying amount
At 31 March 2025
At 31 March 2024		 2025
£
2,588,833
462,809
(152,381)
(13,642)
(333,790)
2,551,829
2,551,829
2,588,833		 2024
£
2,712,828
535,166
(298,652)
(214,978)
(145,531)
2,588,833
2,588,833
2,712,828

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11
Financial instruments
Carrying amount of financial assets
Debt instruments measured at amortised cost
Instruments measured at fair value
Carrying amount of financial liabilities
Measured at amortised cost
12
Debtors
Amounts falling due within one year:
Short term loan
13
Creditors: amounts falling due within one year
Donations commitments (see below)
Accruals and deferred income
Donation Commitments comprise:
The Ehlers-Danlos Support UK
Anne Frank Trust UK
Magic Bus UK
Helena Kennedy Foundation
The Scar Free Foundation
City St George's, University of
London
The Latymer Foundation
Prostate Cancer UK
Variety Club, The Children's Charity
University of West London
Scouts
Mayors Music Fund
Total Commitments - 31 March 2025
Total Commitments - 31 March 2024		 2025
£
202,214
2,551,829
302,600
2025
£
202,214
2025
£
151,000
3,600
154,600
Less than
More than
One Year
One Year
£
£
30,000
25,000
25,000
20,000
15,000
8,000
15,000
-
10,000
10,000
15,000
45,000
15,000
30,000
5,000
10,000
10,000
-
5,000
-
5,000
-
1,000
-
151,000
148,000
146,000
269,000		 2024
£
212,214
2,588,833
418,600
2024
£
212,214
2024
£
146,000
3,600
149,600
Total
£
55,000
45,000
23,000
15,000
20,000
60,000
45,000
15,000
10,000
5,000
5,000
1,000
299,000
415,000

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

14 Creditors: amounts falling due after more than one year
2025 2024
£ £
Donation commitments (see note 13) 148,000 269,000

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15 Donations to date (2006-2024)

Anne Frank Trust UK
Variety, The Children’s Charity
Ehlers-Danlos Support UK
Magic Bus UK
The Latymer Foundation
Helena Kennedy Foundation
City St George's, University of London
Young Enterprise
Dasra UK
Prostate Cancer UK
The Scar Free Foundation
Orbis UK
Kew Foundation
Akshaya Patra Foundation UK
Lullaby Trust
Street Child UK
The Family & Relationship Crisis Centre
Family for Every Child
Florence Kleiner Foundation
Warwick University
Coram Beanstalk
Pancreatic Cancer UK
Williams Syndrome Foundation
LNWH Corona-19
Jubilee Box Hill School
Durston House Educational Trust
DEC Committee - India/Phillipines
Happy Days Children's Charity
Find Your Feet
Unicef UK
Leicestershire County Cricket Club
Erskine
The Elifar Foundation
The Stroke Association
Leukemia & Lymphoma Research
British Heart Foundation
Epilepsy Research UK
Ealing Food Bank
Befriend
The Kalgidhar Trust
Pitshanger Manor & Gallery Trust
University of West London
Carers UK
CAFPH
Shooting Star Chase
Subtotal of donations c/f		 Cash
Commitments
£
£
495,500
45,000
492,750
10,000
405,000
55,000
286,979
23,000
201,874
45,000
182,000
15,000
120,000
60,000
103,000
76,000
60,000
15,000
35,000
20,000
51,000
50,000
46,000
46,000
45,000
43,000
30,000
30,000
30,000
27,500
25,000
25,000
25,000
24,083
22,500
20,000
20,000
20,000
20,000
20,000
20,000
23,000
18,000
17,000
15,225
15,000
15,000
15,000
15,000
15,000
10,000
5,000
12,500
.
12,000
11,500
3,292,411
293,000		 Total
£
540,500
502,750
460,000
309,979
246,874
197,000
180,000
103,000
76,000
75,000
55,000
51,000
50,000
46,000
46,000
45,000
43,000
30,000
30,000
30,000
27,500
25,000
25,000
25,000
24,083
22,500
20,000
20,000
20,000
20,000
20,000
20,000
23,000
18,000
17,000
15,225
15,000
15,000
15,000
15,000
15,000
15,000
12,500
12,000
11,500
3,585,411

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Donations to date (2006-2024)
Subtotal of donations b/f
Soundseekers
Global Gift Foundation re Variety
GB Childrens Home
DEC Haiti Appeal
Multiple Sclerosis Society
Unicef UK re Girls education/Syria
LSE Annual Fund
Beefy Foundation re Yuva Unstoppable
OCD Action
Marie Curie
DEC Coronavirus Appeal
OOSO
The Pace Trust
Turkey Mozaic Foundation
JET (Joint Educational Trust)
Mayor's Music Fund
Bobath Centre for Children with Cerebal Palsy
McMillan Cancer Support
Dyspraxia Foundation
Hera
British Lung Foundation
Blackfriars Settlement
Sightsavers
Sands
Oval Cricket Relief Trust
Cancer Rearch UK
Ruth Strauss Foundation
Lochaber Foodbank
Genetics Disorders
Cure Parkinson Trust
Emmaus Hampshire
Evelina
Bliss
Cystic Fibrosis
Choices Ealing
Coram
Enterprise Education Trust
Foundation for The Study of Infant Deaths
Friendship Works
Interacivet Reading Service
LEPRA
Listening Books
Subtotal of donations c/f		 3,292,411
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
8,000
7,500
7,000
6,502
6,000
6,000
6,000
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
5,000
5,000
3,604,513		 (Continued)
293,000
3,585,411
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
1,000
9,000
8,000
8,000
8,000
7,500
7,000
6,502
6,000
6,000
6,000
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
5,000
5,000
294,000
3,898,513		 (Continued)
293,000
3,585,411
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
1,000
9,000
8,000
8,000
8,000
7,500
7,000
6,502
6,000
6,000
6,000
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
5,000
5,000
294,000
3,898,513
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
9,000
8,000
8,000
8,000
7,500
7,000
6,502
6,000
6,000
6,000
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
5,000
5,000
3,898,513

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Donations to date (2006-2024)
Subtotal of donations b/f
Smile Train UK
Starlight Childrens Foundation
Tree of Hope Children's Charity
The Ear Foundation
The Helping Hands International
Maharaj Duleep Singh Centeneary Trust
Northwick Park Institute for Medical Research
Helen Rollason Cancer Charity Health
The Haven
Richard House Children's Hospice
Help for Heroes
Oxfam re Ebola appeal
Starfish Greathearts Foundation
Give Smart UK
The Big Trust re East Africa Appeal
Ealing Soup Kitchen
Scannappeal (The Bucks Breast Cancer Appeal)
Localgiving re Grenfell Tower Appeal
St John Southall Greem
Brainstorm
Scouts
Ealing Stroke Club
Harrow Aphasia Self Help
Shelter
Downs Syndrome Association
Mandlo Oldham Youth Zone (MJ Ball)
Pulse of Luton Community
Build It
Connect Health
RNLI
Interact Worldwide
Motor Neurone Disease Association
Royal Wanstead Children’s Hospital
Movember (Prostate Cancer Charity)
St Christophers Church
BIBIC
Save the Children
SBSA Armed Forces
Amy May Trust
London Vision Clinic Foundation
Concious Ball re Mental Health Charities
Subtotal of donations c/f		 3,604,513
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
4,000
3,500
3,500
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,780,513		 (Continued)
294,000
3,898,513
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
4,000
3,500
3,500
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
299,000
4,079,513		 (Continued)
294,000
3,898,513
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
4,000
3,500
3,500
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
299,000
4,079,513
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
4,000
3,500
3,500
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
4,079,513

THE SANDHU CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Donations to date (2006-2024)
Subtotal of donations b/f
Mind
Community Radio Limited
Self Injury Support
The Bike Project
CALM
Secret Santa Fort Augustus
Nite Light CIC
Hatters Explorers Scout Unit
Land Aid
Alive & licking
Ecology Trust Environment
Miss World re Variety Club
Anna Wallace
William Wates Memorial Fund
Outward Bound
Cancer Research UK
NHS Cragmore
The Streets Ahead
Holy Family PTA
Right to Play
Children's Hospital Trust South Africa
William Wates Memorial Fund
Berrys Court School
Georgies Fund
Anaphylaxis campaign
Pseur (PSP)
London Legal Trust
Harvest India UK
Mums for Babas
Sightsavers
Crisis
Guy's & St Thomas's Charity
Matt Hampson Foundation
Maytree Respite centre
MK Dons Sports Foundation Trust
Lord Mayors Appeal
Total donations to date		 3,780,513
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,500
2,500
2,500
2,000
3,000
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
3,844,662		 (Continued)
299,000
4,079,513
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,500
2,500
2,500
2,000
3,000
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
299,000
4,143,662		 (Continued)
299,000
4,079,513
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,500
2,500
2,500
2,000
3,000
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
299,000
4,143,662
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,500
2,500
2,500
2,000
3,000
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
4,143,662

16 Related party transactions

There were no related party transactions during the year that require disclosure other than as set out in Note 7 Trustees.