2025-04-30-accounts

Trustees’ Annual Report for the period

And

Accounts

(Unaudited Final Statements for 01[st] March 2024 to 30[th] April 2025 )

For

The Kandel Foundation

https://www.kandelgroup.co.uk

CIO Charity Reg No 1193940 England and Wales, UK

1

Contents

I . Trustees’ Report for the Year Ended 30th April 2025....................................................... 3
TRUSTEES............................................................................................................................. 3
REPORTING TRUSTEE.......................................................................................................... 3
STRUCTURE, GOVERNANCE AND MANAGEMENT............................................................ 4
OBJECTIVES AND ACTIVITIES............................................................................................. 4
ACHIEVEMENT AND PERFORMANCE.................................................................................. 4
FINANCIAL REVIEW............................................................................................................... 5
Balance Sheet at 30thApril 2025........................................................................................... 5
Notes to the Financial Statements........................................................................................... 7

2

I . Trustees’ Report for the Year Ended 30th April 2025

The trustees for the charity Kandel Foundation for the purposes of the legal requirements of Charities Commission UK, present their report with the financial statements of the CIO charity The Kandel Foundation for the year ended 30th April 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' .

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity number 1193940 (England and Wales)

Registered office address

First Floor Equitable House , 7 Gordon Square London SE18 6FH UK

TRUSTEES

1. Rajendra Kandel

1. Upendra Raj Sharma

2. Sandip Kafle

3. MAHENDRA RAJ KANDEL

REPORTING TRUSTEE

Rajendra Kandel

3

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its CIO governing document, as defined by Charities Commission UK.

Recruitment and appointment of new trustees

New directors are appointed at the Annual General Meeting (AGM).

Risk management

The trustees have a duty to identify and review the risks to which the charitable company is

OBJECTIVES AND ACTIVITIES

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

the relief and assistance of people in Nepal who are the victims of natural disaster or catastrophe.

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.

ACHIEVEMENT AND PERFORMANCE

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. We aimed to prepare ourselves for the year head and conducting regular meetings

4

FINANCIAL REVIEW

INCOMING RESOURCES	Unrestricted Funds Total funds
Voluntary income	+ 1500.00 +1500.00
RESOURCES EXPENDED
Rent and other Office Expense	-1480.00 -1480.00
NET INCOMING/(OUTGOING RESOURCES) +20.00 +20.00
Total Funds Carried Forward	+20.00 +20.00
Balance Sheet at 30thApril 2025
FIXED ASSETS	Unrestricted Funds Total Funds
Tangible assets	0.00 0.00
Current Assets
Cash / Bank	200.00 200.00
CREDITORS
Amounts falling due within one year 0.00 0.00
NET Assets	200.00 200.00
Funds
Unrestricted Funds	0.00 0.00

5

The members have not required the charity to obtain an audit of its financial statements for the year ended 30[th] April 2025.

The trustees acknowledge their responsibilities for:

(a) ensuring that the charity keeps accounting records that comply with Charities Commission

(b) preparing financial statements which give a true and fair view of the state of affairs of the charity at the end of each financial year and of its surplus or deficit for each financial year.

The financial statements were approved by the Board of Directors on 25/02/2026 and were signed on its behalf by:

Rajendra Kandel

Date : 25/02/2026

6

Notes to the Financial Statements

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income, and the amount can be quantified with reasonable accuracy.

Resources expanded

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life. Plant and machinery etc. - 25% on cost

2. NET INCOMING /(OUTGOING) RESOURCES

Net resources are stated after charging/crediting): £ 20.00

Depreciation - owned assets – 0.00

3. Trustees’ REMUNERATION AND BENEFITS

Trustees’ Expenses There were no trustees’ remuneration or other benefits for the year ended 30[th] April 2025.

7