Finance Score: 2

Governance Score: -5

Support Score: 0

Strong growth: +2
No PartB

Only 3 Trustees: -2
All male board: -3

No supporters identified

Overall GiG Score: -3

ELARA FOUNDATION

The objects of the CIO are:-for the benefit of the public in the UK and India , toa) advance educationb) to prevent and relieve povertyc) to promote and preserve good healthd) to further such other purposes which may be charitable according to the law of England and Wales as the trustees see fit from time to time by the provision of financial assistance and grants of money.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
There are only 3 trustees
The Board is completely male

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£115	£116	£-1	n/a	n/a	n/a	n/a	n/a	5
31/03/22	£85	£32	£53	n/a	n/a	n/a	n/a	n/a	4
31/03/21	£25	£16	£9	n/a	n/a	n/a	n/a	n/a	4
31/03/20	£6	£41	£-35	n/a	n/a	n/a	n/a	n/a	4
31/03/19	£60	£24	£36	n/a	n/a	n/a	n/a	n/a	4
31/03/18	£50	£45	£5	£0	£0	£0	n/a	0	0
31/03/17	£35	£33	£2	£0	£0	£0	n/a	0	0
31/03/16	£35	£32	£3	£0	£0	£0	n/a	0	0

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Highest pay bracket: less than £60,000

Established: 9 years

manu@elaracapital.com

02074675458

Charity Commission for England and Wales

Listed activities

Education/Training
General Charitable Purposes
The Advancement Of Health Or Saving Of Lives

GiG Classification

Other individual and family services

How it operates

Makes Grants to Organisations

Where it operates

India, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies

Who works here?

Unknown number of employees
5 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

GRAHAM KENSETT Appointed: 2016

RAJ BHATT Appointed: 2018

BHAWANI SINGH SHEKHAWAT Appointed: 2023, Other trusteeship: THE AKSHAYA PATRA FOUNDATION UK,

Legal constitution

Charity registered in England & Wales on 22/04/2015, number: 1161381

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Complaints policy and procedures
Conflicting interests
Internal charity financial controls policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

8 returns made; all on time

Main office

6th Floor
The Grove
248A Marylebone Road

Objectives

THE OBJECTS OF THE CIO ARE:-FOR THE BENEFIT OF THE PUBLIC IN THE UK AND INDIA, TOA) ADVANCE EDUCATIONB) TO PREVENT AND RELIEVE POVERTYC) TO PROMOTE AND PRESERVE GOOD HEALTHD) TO FURTHER SUCH OTHER PURPOSES WHICH MAY BE CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AS THE TRUSTEES SEE FIT FROM TIME TO TIME BY THE PROVISION OF FINANCIAL ASSISTANCE AND GRANTS OF MONEY.

Data Sources