Finance Score: 0

Governance Score: -7

Support Score: 3

Strong growth: +2
Multiple Deficits: -2

No volunteer policy: -2
No conflicts policy: -1
Only 3 Trustees: -2
Narrow trustee age band: -2

Gov Income
Grant maker support: +3

Overall GiG Score: -4

AVANTI FOUNDATION LIMITED

To advance education for the public benefit in India, and such other areas of the world in particular by making grants of financial assistance to help establish schools, and to assist existing schoolsThe prevention or relief of poverty in India, and such other areas of the world and the promotion of nutrition and well-being, including via items, grants, donations, services to other organisations

Analysis by Giving is Great

Positives:

The charity has received Government grants
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

Although this charity works with volunteers it does not have a Volunteer Management policy
This charity does not have a Conflict of Interests policy
There are only 3 trustees
The Board has little diversity in terms of age

Financial issues to consider:

On several occasions in recent years income has been less than spending

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
31/08/22		£2,564	£2,155	£409	£0	£4,439	£560	3.1	24	15
31/08/21	*	£4,891	£934	£3,957	£0	£4,030	£84	1.1	18	25
31/08/20		£137	£424	£-287	n/a	n/a	n/a	n/a	n/a	5
31/08/19		£761	£452	£309	£0	£350	£350	9.3	0	3
31/08/18		£165	£235	£-70	£0	£0	£0	n/a	0	5
31/08/17		£89	£111	£-22	£0	£0	£0	n/a	0	0
31/08/16		£143	£22	£120	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 20%
Liabilities/Income: 42%
Unrestricted Funds/Total Funds: 13%
Reserves/Spending: 3.1 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.5

Asset Split ?

Established: 9 years

07894235658

Charity Commission for England and Wales

Listed activities

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

GiG Classification

Other welfare services

How it operates

Makes Grants to Organisations
Provides other finance
Provides services

Where it operates

Hertfordshire, India, Throughout London,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
Other Defined Groups
The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Age Range of Trustees: 44-58

DILIP PATEL Appointed: 2016, Occupation: Entrepreneur

SULABH AGARWAL Appointed: 2020, Occupation: Management Consultant, Other trusteeship: THE LOTUS TRUST,

VIJAY HIRANI (Chair) Appointed: 2016, Occupation: Software Engineer

Legal constitution

Charitable company registered in England & Wales on 28/05/2015, number: 1161879
Registered at Companies House on 11/07/2014, number: 09127658

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Safeguarding vulnerable beneficiaries

Filing Record

7 returns made; AR21: 62 days late,

Main office

Avanti Foundation Limited
21 Brinkburn Gardens
Edgware
HA8 5PL

Objectives

(a) to advance education for the public benefit in the UK, and such other areas of the world as the trustees shall from time to time determine, in particular by making of grants of financial assistance to help establish schools, and to assist existing schools; and (b) the prevention or relief of poverty in UK, and such other areas of the world as the trustees shall from time to time determine though the provision of grants, financial support, items and services to individuals in need and/or charities, or other organisations working to prevent and/or relieve poverty; and (c) the promotion of nutrition and well-being, including through the provision of grants, financial support, items and services to individuals in need and/or charities, or other organisations working to promote nutrition and/or well-being

Defined Area of Benefit:

OVERSEAS

Data Sources