2023-04-30-accounts

Trustees’ Annual Report for the period

From 01/03/2022 Period start date To 30/04/2023 Period end date

Charity name: THE KANDEL FOUNDATION

Charity registration number: 1193940

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	a)The prevention or relief of poverty or financial hardship in Nepal by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient and b)the relief and assistance of people in Nepal who are the victims of natural disaster or catastrophe.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Our over-riding focus is to relieve poverty or financial hardship and we plan to focus on education, medical care, health, community development, emergency disaster relief, youth development, and humanitarian aid, and will be working with local communities in order to directly help people when local capacity is insufficient or inappropriate. In order to assist this initiative, UK qualified teachers will be brought in to provide education for the village communities, and doctors and pharmaceuticals will be provided for health services. However, after pandemic as we could not conduct the activities to support the communities. Most of the member of Charity were infected and planned activities could not be conducted. We aimed to excel so that we are able help communities and provide post covid relief for sustainability of the communities.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	As trustees of The Kandel Foundation, we confirm that we have adhered to the guidance as issued by the Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Due to pandemic as we could not conduct the activities to support the communities. Most of the member of Charity were infected and planned activities could not be conducted. In the upcoming we aim to excel so that we are able help communities and provide post covid relief. Due to constrains reflected in our aim to aid the communities at large we will be devising methods where we could aim to achieve our objectives.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Due to pandemic as we could not conduct the activities to support the communities. Most of the member of Charity were infected and planned activities could not be conducted. Hence, there are no transactions performed by The Kandel foundation for period in concern.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Due to pandemic as we could not conduct the activities to support the communities. Most of the member of Charity were infected and planned activities could not be conducted. Hence, there are no transactions performed by The Kandel foundation for period in concern.
Amount of reserves held	Para 1.22	Nill
Reasons for holding zero reserves	Para 1.22	Due to pandemic as we could not conduct the activities to support the communities. Most of the member of Charity were infected and planned activities could not be conducted. Hence, there are no transactions performed by The Kandel foundation for period in concern.
Details of fund materially in deficit	Para 1.24	N/A

Additional information (optional)

You may choose to include further statements where relevant about: Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description ofcharity’s trusts:
(trust deed, royal charter)	Para 1.25	Constitution of a Charitable Incorporated Organization
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Charitable Incorporated organization
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	-Every Trustee must be appointed by a resolution passed at a properly convened meeting of the Charity Trustees. - In selecting individuals for appointment as Charity Trustees, the Charity Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51

network with which the charity works
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charityname	THE KANDEL FOUNDATION
Other name the charityuses
Registered charitynumber	1193940
Charity’sprincipal address	Floor 2 , 115-123 Powis Street SE18 6JL

Names of the charity trustees who manage the charity

----- Start of picture text -----
Trustee name Office (if any) Dates acted if not for whole Name of person (or body) entitled
year to appoint trustee (if any)
1 Rajendra Kandel
2 Upendra Raj Sharma
3 BISHNU KHATRI
4 Mukund Thapa
5 Sandip Kafle
MAHENDRA RAJ
6 KANDEL
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Corporate trustees – names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for wholeyear
N/A	N/A

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from thecharity’sown assets	N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Rajendra Kandel
	Trustee
	27.02.2024