THE VEC ACORN TRUST
Used to encourage excellenace in sole individuals and groups especially young people and the arts
Objects
FOR OR TOWARDS SUCH CHARITABLE PURPOSES AND TO MAKE DONATIONS TO SUCH CHARITABLE INSTITUTIONS AT SUCH TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a total deficit for the year of £97,793, driven by grants exceeding income and losses on investment disposals. The trustees note a policy of rebuilding reserves, and the estimated current value of the trust fund is £2,576,350.
What the accounts disclose
“Total dividends and interest payments on Stocks and Shares managed by Veritas Asset Management (UK) Limited 34,203.39”
“The Trustees have continued their policy of rebuilding the reserves of the Trust.” — page 4
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
Trustees
- EDWARD NICHOLAS HEESOM
- JOHN RICHARD HEESOM
- VENETIA LIBERTY MARGAUX WHALE
- WENDY MARY DOBIE HEESOM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £34k | £118k |
| 05/04/2024 | £35k | £121k |
| 05/04/2023 | £34k | £112k |
| 05/04/2022 | £26k | £141k |
| 05/04/2021 | £25k | £121k |
Common questions
Is THE VEC ACORN TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a total deficit for the year of £97,793, driven by grants exceeding income and losses on investment disposals. The trustees note a policy of rebuilding reserves, and the estimated current value of the trust fund is £2,576,350. Its FY2025 accounts were independently examined.