THE VEC ACORN TRUST

Registered charity 1002997 · accounts filings on the Charity Commission register · also known as THE VEC CHARITABLE 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.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Arts/culture/heritage/science · Amateur Sport · Other Charitable Purposes · Get email alerts

Latest income
£34k
Latest spending
£118k
Registered
1991
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Dividends and interest (100% of income)
“Total dividends and interest payments on Stocks and Shares managed by Veritas Asset Management (UK) Limited 34,203.39”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: rebuilding the reserves (held: £2.6m)
“The Trustees have continued their policy of rebuilding the reserves of the Trust.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Australia · South Africa · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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.