Finance Score: -2

Governance Score: -8

Support Score: 3

Deficit on unrestricted reserves: -2

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

Gov Income
Grant maker support: +3

Overall GiG Score: -7

AVANTI EDUCATION LIMITED

Provision of nursery school facilities.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has an endowment fund which generates most of its income

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
There are only 3 trustees
The Board composition appears to be rather static and has little diversity in terms of age

Financial issues to consider:

There was a deficit on unrestricted reserves of £237,804 at the last year end after deducting the value of own use assets

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		£531	£518	£13	£0	£-238	£-238	-5.5	8	4
31/08/21	*	£491	£473	£18	n/a	n/a	n/a	n/a	n/a	4
31/08/20		£218	£436	£-218	n/a	n/a	n/a	n/a	n/a	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: 175%
Liabilities/Income: 105%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: -5.5 months
Net Current Assets/Spending: 5 months
Quick Ratio: 3.4

Asset Split ?

Established: 4 years
(6 years as a company)

ael@avanti.org

07483438417

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Secondary schools

How it operates

Provides services

Where it operates

Harrow, Hertfordshire,

Who it helps

Children/Young People
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: 29-44

KIRTI BUTKOVIC (Chair) Appointed: 2017, Occupation: Director

KISHAN DHANESH PAUN Appointed: 2019, Occupation: Fixed Income Investment Analyst

YUVRAJSINH RANA Appointed: 2017, Occupation: Self Employed, Other trusteeship: OMNOM GROUP LIMITED,

Legal constitution

Charitable company registered in England & Wales on 10/02/2020, number: 1187834
Registered at Companies House on 12/12/2017, number: 11108035

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

Policies in force

Complaints handling
Paying staff
Safeguarding vulnerable beneficiaries

Filing Record

3 returns made; AR21: 62 days late,

Main office

21 BRINKBURN GARDENS
EDGWARE
HA8 5PL

Objectives

THE COMPANY'S OBJECTS (THE ÔOBJECTS) ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:TO ADVANCE EDUCATION FOR THE PUBLIC BENEFIT IN THE UNITED KINGDOM, AND SUCH OTHER AREAS OF THE WORLD AS THE TRUSTEES SHALL FROM TIME TO TIME DETERMINE, IN PARTICULAR BY:Ò PROVIDING DAY CARE AND LEARNING-ORIENTATED ACTIVITIES FOR PRE-SCHOOL INFANTS AND CHILDREN, INCLUDING THROUGH THE ESTABLISHMENT OF OFSTED REGISTERED PRE-SCHOOL CENTRES/NURSERIES;Ò SUPPORTING AND PROMOTING TRAINING IN THE AREA OF CHILD CARE AND EDUCATION; ANDÒ MAKING GRANTS OF FINANCIAL ASSISTANCE TO (I) HELP ESTABLISH (AND TO SUPPORT EXISTING) OFSTED REGISTERED PRE-SCHOOL CENTRES/NURSERIES AND/OR (II) SUPPORT AND PROMOTE TRAINING IN THE AREA OF CHILD CARE AND EDUCATION.

Data Sources