THE VERNON ELLIS FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £1,530,961.69, representing a decrease from the previous year's £1,726,252.31 due to net expenditure exceeding income. The trustees confirm that adequate assets are available to fulfil obligations and that net assets comfortably exceed future commitments. No material uncertainties regarding the charity's ability to continue as a going concern were identified.
What the accounts disclose
“The trustees' policy is to maintain enough reserves for commitments made and continue support of a number of organisations several years.” — page 4
Trustees
- KATE LOUISE COUSINS
- Mark Bide
- Rev MARY ELIZABETH BIDE
- SIR VERNON JAMES ELLIS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £142k | £436k |
| 05/04/2024 | £285k | £475k |
| 05/04/2023 | £299k | £449k |
| 05/04/2022 | £268k | £212k |
| 05/04/2021 | £351k | £168k |
Common questions
Is THE VERNON ELLIS FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £1,530,961.69, representing a decrease from the previous year's £1,726,252.31 due to net expenditure exceeding income. The trustees confirm that adequate assets are available to fulfil obligations and that net assets comfortably exceed future commitments. No material uncertainties regarding the charity's ability to continue as a going concern were identified. Its FY2023 accounts were independently examined.