**Charity registration number 1128023**
**Company registration number 06113575 (England and Wales)**
## **CHANDRAN FOUNDATION**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
## **CHANDRAN FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Pritpal Millan|(Resigned 12 October 2025)|
|---|---|---|
||Gino Maurice Fox||
||Andrew Lebe||
||Fiona Loudon||
|**Principal Staff**|Chitra Chandran (Chief Executive Officer)||
||Roshami Wickremasinghe (Operations Manager)||
|**Charity number**|1128023||
|**Company number**|06113575||
|**Registered office**|Soho Works||
||2 Television Centre||
||101 Wood Lane||
||London||
||W12 7FR||
|**Independent examiner**|Siobhan Glenister, FCA||
||5 The Square||
||Bagshot||
||Surrey||
||United Kingdom||
||GU19 5AX||
|**Bankers**|HSBC Bank plc||
||199 High Street||
||Acton||
||London||
||W3 9DE||
|**Solicitors**|Batchelors Solicitors||
||Charles House||
||35 Widmore Road||
||Bromley||
||Kent||
||BR1 1RW||
**CHANDRAN FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 6|
|Independent examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9 - 10|
|Notes to the financial statements|11 - 22|
## **CHANDRAN FOUNDATION**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
The Board of Trustees, who are also directors of the Company for the purposes of the Companies Act, and trustees for charity law purposes, submit their annual report and the financial statements of the charitable company for the year ended 31 March 2025. The Board of Trustees confirms that the annual report and financial statements of the Company comply with current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Practice (FRS 102).
## **Objectives and activities**
The charitable objectives, as set out in the Memorandum and Articles of Association, are to provide opportunities for young people living in inner-city communities facing disadvantage, helping them fulfil their educational potential and gain meaningful and sustainable employment.
The Chandran Foundation’s mission is to empower young people, to provide opportunities in a way that fosters positive change and provides a brighter future for the youth. By enabling young people to reach their full potential and become active contributors to society, we can help to create a better world for everyone.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
## **Achievements and performance Review of activities for the public benefit**
We believe every child deserves the opportunity to thrive- regardless of their background. We work with schools in high-deprivation areas to deliver tailored tutoring, creative arts therapy, mentoring and aspiration-building programmes.
Our holistic, whole-child approach promotes academic progress, confidence, resilience and emotional wellbeing. By reducing educational inequalities, preventing vulnerability to exploitation and raising aspirations, we empower children to feel happier, safer and ready to flourish – unlocking the potential within every young mind.
We continue to strengthen partnerships to maximise public benefit, ensuring the most effective support for the young people we serve.
The Trustees confirm that they have considered the Charity Commission’s Public Benefit guidance when planning current and future activities.
- 1 -
## **CHANDRAN FOUNDATION**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2025**_
## **ATTENDANCE, ASPIRATION & ATTAINMENT**
## **Attendance**
Many children face trauma, housing instability and family challenges. We provide safe, inclusive spaces, that build trust and engage vulnerable children back into learning.
## **Aspiration**
We raise ambition through mentoring and therapeutic wellbeing programmes, alongside workshops and career talks that broaden horizons and inspire hope for the future.
## **Attainment**
We close learning gaps with tailored support that builds skill and confidence through tutoring, mental health support, and mentoring: helping children believe in their potential and achieve.
We work directly with partner schools who identify pupils most in need of our targeted support to provide a holistic, child-centred approach to wellbeing.
## **PROGRAMME DELIVERY AND IMPACT**
Tutoring Programmes - We continue to offer free after-school tuition in English and Maths for 8–11-yearolds, tailored to the needs of each partner school. We tutored 259 children covering 2175 tutoring sessions with 8 out of 10 bridging the attainment gap. We supported children across 7 schools in Ealing, Lambeth and Wandsworth.
Art of Wellbeing Programmes – Our Art of Building Confidence and Resilience programme is designed to help children process and express their emotions through creative activities, with trained drama therapists. Our holistic approach reduces stress, build self-esteem and boosts performance. 155 children received therapeutic interventions. 93% of the children improved their emotional wellbeing. Children reported feeling more confident secure and able to express their emotions.
The National Lottery Community Fund, through the Partnerships London Southeast Region programme, continued to support the charity in its third year. The grant enabled delivery of small group online tuition in English and Maths at Dairy Meadow and Havelock Primary Schools, both in Ealing, supporting 189 children in Years 5 and 6. Each pupil received ten structured sessions focused on improving attainment and confidence. The programme achieved strong outcomes, with eight in ten Year 6 pupils meeting age related expectations despite beginning significantly behind. Over 75 percent reported greater confidence, improved motivation and stronger engagement in the classroom. Progress was monitored through pre and post assessments, supported by teacher feedback.
- 2 -
## **CHANDRAN FOUNDATION**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
Across the full three years of National Lottery funding, a total of 602 children benefited from the tutoring programme. The grant also supported our Art of Wellbeing early intervention, with 93 percent of pupils improving on at least one wellbeing indicator. Our Student Resilience Survey of 165 pupils, 60 percent of whom were eligible for Pupil Premium, showed that nearly three in four recorded above average resilience, demonstrating the effectiveness of our community-based approach.
The funding further enabled us to strengthen staff capacity, with all co facilitators reporting increased confidence in supporting children’s mental health and four in five now feeling very confident responding to need.
In addition, new aspiration building sessions delivered with King’s College London and the Women in Ophthalmology Society reached 100 children in Years 3 and 4, providing early exposure to health careers and practical learning about eye health.
The Peabody Community Fund (Wandsworth), managed by The London Community Foundation, awarded a restricted grant of £10,000 per year for two years to support small group tutoring for children living in Peabody communities in Wandsworth. Delivery took place at Shaftesbury Park Primary School in Year 1 and Westbridge Academy in Year 2, supporting a total of 60 children in Years 5 and 6 who were at risk of falling behind in English and Maths.
Each 10-week programme focused on improving core academic skills, building confidence and strengthening classroom engagement. Across both years, 90 percent of pupils made measurable academic progress. Teachers reported greater confidence, participation and motivation, with more than 75 percent of pupils showing improved engagement in lessons.
The Lords Group Foundation awarded the charity a restricted grant of £5,000 to support the tutoring programme for children experiencing financial hardship in Hammersmith and Fulham. The programme supported 36 children in Years 5 and 6 at Old Oak Primary School who were eligible for free school meals and identified as below expected standards in English and Maths. Tuition was delivered in targeted small groups over ten weekly sessions, focused on improving core skills, confidence and classroom engagement. At entry, 97 percent of pupils were performing below age related expectations. Based on assessment data collected before and after the intervention, pupils achieved an average 6 percent improvement, with 29 percent improving by more than 15 percent. Maths progress averaged 7 percent and English almost 4.5 percent.
The Peabody Community Foundation provided a restricted grant of £10,000 to support the GetSmarter Programme in Lambeth. The funding enabled small group tuition in English and Maths for disadvantaged pupils aged 9 to 11, delivered after school by trained undergraduate tutors who acted as positive role models. Children also received resilience focused support to help them manage emotions and strengthen relationships with peers.
A total of 38 pupils in Years 5 and 6 at Fenstanton Primary School participated in the programme. Pupils were selected based on indicators of disadvantage, including eligibility for free school meals, English as an additional language and working below expected standards. At entry, 95 percent were below age-related expectations. Post assessment results showed that most pupils made measurable progress in Maths, with some improving by up to 38 percent. Teachers also noted increased confidence, better participation and stronger motivation to learn.
- 3 -
## **CHANDRAN FOUNDATION**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Partnership working**
We continue to work closely with organisations who share our mission.
Frankham Consultancy Group provided sustained financial support through annual corporate fundraising
The Trail Group contributed via the Charity Shoot and the IAAFA (International Academy of Advanced Facial Aesthetics **)** hosted a fundraising night in aid of the Chandran Foundation.
These collaborations help us extend our reach and ensure continuity of support for young people.
## **Financial review**
During the year, the charity received grants, donations and investment income totalling £236,491 (2024 £334,170). Total expenditure amounted to £233,964 (2024 £449,228).
The charity made a surplus for the year of £2,527 (deficit 2024 £115,058).
## **Structure, governance and management**
The Chandran Foundation is a charitable company limited by guarantee. The Foundation was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
The Directors of the company are also Trustees for the purposes of charity. Under the requirements of the Memorandum and Articles of Association the trustees are elected to by the board.
The Trustees are responsible for the strategic direction of the charity, establishing policy, business planning and ensuring financial stability. Budgets are agreed annually, with reports received and approved at each trustee meeting on income and expenditure, cash flow and project progress. The Board meets at least three times a year.
The day-to-day management is delegated to the Chief Executive Officer. The Chief Executive Officer works with the Executive Director and the Operations Manager. Together they are responsible for ensuring that activities are in keeping with the strategic plan, any legal requirements, charity policy and the stated objectives of the Foundation.
Investment in training to meet the goals of the Business Plan is actively pursued. We recognize the valuable resource of its staff.
Regular staff meetings are held whereby employees are actively encouraged to contribute to the aims and objectives of the Foundation.
- 4 -
## **CHANDRAN FOUNDATION**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Health and safety**
The wellbeing of the employees at work is of utmost importance to the Foundation. The Board reviews policies on health and safety, harassment and safeguarding annually.
## **Reserves policy and going concern**
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency expenditure. The Trustees consider a minimum of six months of the operating costs is the ideal level of reserves and sufficient unrestricted reserves to fund the charity’s administrative and operating costs for at least six months.
The Trustees consider that adequate resources continue to be available to fund the activities of the charity for the foreseeable future. The Trustees are of the view that the charity is a going concern.
## **Investment policy**
The Trustees’ investment policy is to hold surplus reserves on money market deposits to safeguard the capital value of the reserves.
## **Risk management**
The Chief Executive Officer identifies, evaluates and controls significant risks on a regular basis. Where there are applicable changes in risk these are reported to the Board of Trustees. There have been no significant risks to report in the past twelve months.
- 5 -
CHANDRAN FOUNDATION
TRUSTEES REPOIff {INCLUDINC DIRzcfoRS' REpoirr) (CONTINUED)
FOR THE FEAR ENDED 31 MARCH21125
Ststsment of Trllste responsibllitks
The Trust, who are ajso th¢ directors of ClwM]rnn Foundation for the purpose of company law, are
resp)nsible for preparing the Trnste&s Report and the finan¢iAI Statements in accordancc with applicable
law and Unit¢d Kingdom Ac¢ountiDg Standards (tintted Kingdom Generally Accepted Accounting
Practi¢e).
Company Law rtyuires the Trustees to prepHr¢ financial statem¢Dts for ¢8¢h finenoial y¢8r which give
true and fair view of the stats of affairs of the Charity and of the incojning resour¢es and appli¢ation of
resources, includingthe ADcome and exFnditur4 of th¢ charitabl¢ company for that year.
In preparing thes¢ financial stai¢m¢nts. the Tn are required to:
- select suitable ac¢owlling policies atKI then apply them Co515tentty'
- observe the method5 and principl&s in the Chariti&s SORP.
. make judgements and estimates that are rpasoDable aod pnthn¢
- state whether applicable UK A¢counling Statthr(ts have been follow&L subJt to ¥ny material depyrtur
disclosed and explained in the financial statemenls. and
- prepar¢ the financial sla¢ements on the going conc b&sis it is inappropriate to presutne that the
Charity will continue in operntion.
The Trustees are responsible for keeping adequate arLounting re)rdS that dilOSe with r¢&sonable
acCUY at any time the financial wsition of tk Charity and enable then) to ensure that th¢ flnanci
stateinerits comply with the. Coinpanies Act 2(K)6. They arE a]so r¢spDnsible for safeguurding the &%tse15 of
the Charity and hen¢¢ for tsking reasonable strps for the prevention aJKI detection of fraud ynd other
irregulariti¢s.
The Board of ThISte are responsible for the maiDt¢DaD¢e and integrity of the eorporate and finla1
infornjation included on the charitable C4)mpany's webstte.
In so far the Trustres are aware
- there is no r¢l¢vant financial infortnation of which the charitable ¢ompanYs independent examiner is
- the TnteeS have taken all steps that they ought to have taken to make themselves aware of any relevant
audit inforniation and to establish that the indepdt examiner is aw8re ofthllt inforniation
This rep)rt was approveAJ by the on ! I
12. .l.ffj. and signed by order of the Board..-
Giw Maurice Fox
Andrew Lebe
FionaLoudon
Flona LA)udon
Trnstee
Dated.. 11
## **CHANDRAN FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF CHANDRAN FOUNDATION**
I report to the Trustees on my examination of the financial statements of Chandran Foundation (the Charity) for the year ended 31 March 2025, which are set out on pages 7 to 23.
## **Responsibilities and basis of report**
As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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:
- 1 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
## **Siobhan Glenister, FCA**
5 The Square Bagshot Surrey GU19 5AX United Kingdom
11-12-2025 Dated: .........................
- 7 -
## **CHANDRAN FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
182,377
54,000
Investments
**3**
114
-
**Total income**
182,491
54,000
**Expenditure on:**
Raising funds
**4**
42,821
-
Charitable activities
**5**
150,012
41,131
**Total expenditure**
192,833
41,131
**Net (expenditure)/income for the year/**
**Net movement in funds**
(10,342)
12,869
Fund balances at 1 April 2024
45,318
42,155
**Fund balances at 31 March 2025**
34,976
55,024|**Total**
**Total**
**2025**
**2024**
**£**
**£**
236,377
333,407
114
763
236,491
334,170
42,821
223,063
191,143
226,165
233,964
449,228
2,527
(115,058)
87,473
202,531
90,000
87,473|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 8 -
## **CHANDRAN FOUNDATION**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**14**
Unrestricted funds
Designated funds
**15**|**2025**
**£**
62,936
54,702
117,638
(28,229)
34,976|**£**
591
89,409
90,000
55,024
34,976
90,000|**2024**
**£**
64,240
37,158
101,398
(15,108)
45,318|**£**
1,183
86,290|
|---|---|---|---|---|
|||||87,473|
|||||42,155
45,318|
|||||87,473|
- 9 -
CHryDRAIy FOUNDATION
BALANCE SHEET (CONTIIWED)
ASAT31 RMCH2025
The company is entitled to the exemption from the audit requirement eontained in section 477 of the
compani Art 21)06. for the year ended 31 March 2025.
The directors acknowledge their resw)nsibilitses for complying with the r4uiremeJ]ts of the Comppmie5 Act
2006 with respect lo wLounting records and the preparntion of financial ststements.
Th¢ members have not required the company to obtsin an audit of its rwa147 statements for the year in
question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to COmlC
subject to th¢ small companies regitne.
The financial statements Ivere 8PPToved by the TnLStees on .
FAoTha Loudon
Trustee
Compally regi8tration number 06113575
10-
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
_**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Chandran Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Soho Works, 2 Television Centre, 101 Wood Lane, London, W12 7FR.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: 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)” (as amended for accounting periods commencing from 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties 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 financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have considered budgets and forecasts for the year ended 31 March 2025 together with the reserves held. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
## **1.4 Income**
Income is recognised when the Charity 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.
- 11 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, including governance costs, which cannot be directly attributed to particular activities, have been apportioned proportionately to the direct staff costs allocated to the activities. Governance costs include the costs of servicing Trustees' meetings, audit and strategic planning.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
Straight line 25%
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 12 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 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 the 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 13 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2025**_
## **2 Donations and legacies**
|||**Unrestricted**|**Restricted**|**Total**|Total|
|---|---|---|---|---|---|
|||**funds**|**funds**|||
|||**2025**|**2025**|**2025**|2024|
|||**£**|**£**|**£**|£|
||Donations|50,112|-|50,112|34,445|
||Fundraising Events - Ticket & Donations|45,548|-|45,548|105,885|
||Grants for services|-|54,000|54,000|60,000|
||Fundraising Events - Auction Income|86,717|-|86,717|133,077|
|||182,377|54,000|236,377|333,407|
||**For the year ended 31 March 2024**|273,407|60,000||333,407|
||**Analysis of the grants funding**|||||
||Other|-|54,000|54,000|60,000|
|||-|54,000|54,000|60,000|
|**3**|**Investments**|||||
|||||**Total**|**Total**|
|||||**2025**|**2024**|
|||||**£**|**£**|
||Bank interest|||114|763|
|**4**|**Raising funds**|||||
||||**Unrestricted Unrestricted**|||
|||||**funds**|**funds**|
|||||**2025**|**2024**|
|||||**£**|**£**|
||Other fundraising costs|||42,821|223,063|
|||||42,821|223,063|
- 14 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **5 Charitable activities**
|Staff costs
Other direct costs
Share of support costs (see note 6)
Share of governance costs (see note 6)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2025**
**£**
89,230
60,435
149,665
39,618
1,860
191,143
150,012
41,131
191,143|**2024**
**£**
156,668
32,090|
|---|---|---|
|||188,758
31,327
6,080|
|||226,165|
|||187,207
38,958|
|||226,165|
## **6 Support costs**
|**Support costs**|||
|---|---|---|
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Legal and professional
2,593
-
General overheads
34,111
-
Travel
2,322
-
Depreciation and impairment
592
-
Accountancy
-
1,860
Trustees meetings
-
-
39,618
1,860
Analysed between
Charitable activities
39,618
1,860|**2025**
**£**
2,593
34,111
2,322
592
1,860
-
41,478
41,478|**2024**
**£**
1,455
22,060
7,220
592
4,933
1,147|
|||37,407|
|||37,407|
- 15 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**7**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Depreciation of owned tangible fixed assets|592|592|
## **8 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
## **9 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
||2|4|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|84,258|144,917|
|Social security costs|3,803|9,544|
|Other pension costs|1,169|2,207|
||89,230|156,668|
The key management personnel of the Charity are those persons having authority and responsibility for planning, directing and controlling the activities of the Charity, directly or indirectly, including any Trustee of the Charity. In addition to the Trustees, Key management personnel includes the Principal Staff. Aggregate remuneration and benefits paid to key management personnel during the year amounted to £77,000 (2024 - £95,490).
## **10 Taxation**
Chandran Foundation is a registered charity and is potentially exempt from taxation in respect of income and capital gains received within the categories covered by Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to charitable purposes.
- 16 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**11**
**Tangible fixed assets**
**Cost**
At 1 April 2024
At 31 March 2025
**Depreciation and impairment**
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
**Carrying amount**
At 31 March 2025
At 31 March 2024
**12**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**13**
**Creditors: amounts falling due within one year**
Other taxation and social security
Other creditors
Accruals and deferred income|**Fixtures and fittings**
**£**
50,080
50,080
48,897
592
49,489
591
1,183
**2025**
**2024**
**£**
**£**
62,936
64,240
**2025**
**2024**
**£**
**£**
6,579
5,285
5,984
-
15,666
9,823
28,229
15,108|**Fixtures and fittings**
**£**
50,080
50,080
48,897
592
49,489
591
1,183
**2025**
**2024**
**£**
**£**
62,936
64,240
**2025**
**2024**
**£**
**£**
6,579
5,285
5,984
-
15,666
9,823
28,229
15,108|
|---|---|---|
|||50,080|
|||48,897
592|
|||49,489|
|||591|
|||1,183|
|||**2024**
**£**
64,240|
|||**2024**
**£**
5,285
-
9,823|
|||15,108|
- 17 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **14 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 April 2023**|**resources**|**expended**|**1 April 2024**|**resources**|**expended**
**31**|**March 2025**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|CFWE Project|2,113|-|-|2,113|-|(2,113)|-|
|Wimbledon Foundation Community Fund and LCF|274|-|-|274|-|(274)|-|
|Trusthouse|3,000|-|(3,000)|-|-|-|-|
|The National Lottery Community Fund|15,726|30,000|(12,536)|33,190|39,000|(26,673)|45,517|
|Lord's Group Foundation|-|5,000|(3,433)|1,567|-|(1,567)|-|
|Peabody Community Fund (Wandsworth)|-|10,000|(9,989)|11|10,000|(5,571)|4,440|
|Peabody Community Foundation (Lambeth)|-|5,000|-|5,000|5,000|(4,326)|5,674|
|Walcot Grant|-|10,000|(10,000)|-|-|-|-|
||21,113|60,000|(38,957)|42,155|54,000|(40,524)|55,024|
- 18 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **14 Restricted funds**
**(Continued)**
## **Restricted Funds Overview – FY 2024 / 2025**
## **The National Lottery Community Fund**
Funded by The National Lottery Community Fund through the Partnerships London Southeast Region programme, the three-year grant of £30,000 per year plus an additional £9,000 in Year 3 to support rising operational costs enabled us to deliver a holistic and sustained education recovery programme for disadvantaged children, including those who experienced pandemic related hardship and trauma.
Our project was designed to give children the skills, stability and confidence to thrive in school, at home and in their transition to secondary education. The funding allowed us to expand our delivery in Ealing primary schools where 35 percent of children are living in poverty, supporting Years 5 and 6 through two structured modules: targeted tutoring and resilience building. Support was also offered to parents and carers, strengthening the home environment that surrounds each child.
Over the three years, we achieved meaningful educational and wellbeing outcomes for 602 children. This included 260 children in Year 1, 153 children in Year 2 and 189 children in Year 3.
More than 75 percent of pupils reported greater confidence and engagement in the classroom. Our trauma informed Art of Wellbeing programme provided early intervention in small groups, helping children build resilience, self-esteem and peer connection. As a result, 93 percent of children improved on at least one wellbeing indicator.
Our Student Resilience Survey of 165 pupils, 60 percent of whom are eligible for Pupil Premium, demonstrates the strength of our community-based approach, with nearly 3 in 4 pupils recording above average resilience (average score 3.86).
Overall, this project has left children better prepared for secondary school, more confident in their learning, and more able to access the opportunities ahead of them.
- 19 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **14 Restricted funds**
**(Continued)**
## **Peabody Community Fund (Wandsworth)**
The Peabody Community Fund, managed by The London Community Foundation, awarded a restricted grant of £10,000 per year for two years to support small group tutoring for children living in Peabody communities in Wandsworth. Delivery took place at Shaftesbury Park Primary School in Year 1 and Westbridge Academy in Year 2, supporting a total of 60 children in Years 5 and 6 who were at risk of falling behind in English and Maths.
Each 10 week programme focused on improving core academic skills, building confidence and strengthening classroom engagement. Across both years, 90 percent of pupils made measurable academic progress. Teachers reported greater confidence, participation and motivation, with more than 75 percent of pupils showing improved engagement in lessons.
The programme also addressed barriers to learning by providing essential equipment such as headphones and KS2 learning books, and ensuring pupils could access breakfast clubs and food support so that no child in the programme went hungry.
## **The Lords Group Foundation**
A restricted grant of £5,000 from The Lords Group Foundation supported our GetSmarter tutoring programme for children experiencing financial hardship in Hammersmith and Fulham. The project aligned with the foundation’s aim to improve the quality of life for disadvantaged young people by reducing the barriers that prevent them from engaging in learning and reaching expected attainment.
The programme supported 36 children in Years 5 and 6 at Old Oak Primary School who were eligible for free school meals and identified as below expected standards in English and Maths. Tuition was delivered in targeted small groups over ten weekly sessions, focused on improving core skills, confidence and classroom engagement.
At entry, 97 percent of pupils were performing below age related expectations. Based on assessment data collected before and after the intervention, pupils achieved an average 6 percent improvement, with 29 percent improving by more than 15 percent. Maths progress averaged 7 percent and English almost 4.5 percent.
- 20 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **14 Restricted funds**
**(Continued)**
## **Peabody Community Foundation (Lambeth)**
The Peabody Community Foundation provided a restricted grant of £10,000 (paid in two instalments in December 2023 and April 2024) to support the ‘GetSmarter’ Programme in Lambeth. The funding enabled small group tuition in English and Maths for disadvantaged pupils aged 9 to 11, delivered after school by trained undergraduate tutors who acted as positive near peer role models. Children also took part in resilience focused activities designed to help them understand and manage emotions and build stronger relationships with others.
During this funded period, 38 pupils in Years 5 and 6 at Fenstanton Primary School received support, selected due to disadvantage indicators such as eligibility for free school meals, English as an additional language and working below expected standards. At entry, 95 percent were below age-related expectations. Post assessment data showed that the majority made progress in Maths, with some achieving improvements of up to 38 percent. Teachers also reported improved participation and confidence, with pupils saying they enjoyed the programme and felt it helped them perform better in class.
Overall, this funding helped children with the greatest learning barriers move closer to expected attainment, develop confidence and strengthen their readiness for secondary school.
- 21 -
## **CHANDRAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **15 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
||**Balance at**|**Resources**|**Balance at**|
|---|---|---|---|
||**1 April 2024**|**expended**
**31**|**March 2025**|
||**£**|**£**|**£**|
|Strategic Training: Trustees|3,850|(500)|3,350|
|Business Development|1,230|(250)|980|
|Business Continuity|18,000|(3,733)|14,267|
|Fundraising and Publicity|11,300|(3,359)|7,941|
|Staffing Commitments|7,000|(2,000)|5,000|
|Working Capital|3,938|(500)|3,438|
||45,318|(10,342)|34,976|
## **16 Analysis of net assets between funds**
|**Analysis of net assets between funds**|||
|---|---|---|
|**Designated**
**funds**
**Restricted**
**funds**
**2025**
**2025**
**£**
**£**
Fund balances at 31 March 2025 are
represented by:
Tangible assets
591
-
Current assets/(liabilities)
89,409
-
90,000
-|**Total**
**2025**
**£**
591
89,409
90,000|**Total**
**2024**
**£**
1,183
86,290|
|||87,473|
## **17 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 22 -