Charity Accounts Intelreading the accounts so you don’t have to

The Verney Foundation

Registered charity 1107591 · accounts filings on the Charity Commission register · also known as THE SIR RALPH VERNEY MEMORIAL FUND

The trustees' policy is to make grants for the support within the UK of agriculture, horticulture, forestry and the rural environment, including rural based crafts and for education and training in these areas. Grants may be given to individuals or organisations

Causes: Education/training · Environment/conservation/heritage · Get email alerts

Latest income
£62k
Latest spending
£74k
Registered
2005
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total funds increased to £1,017,097, driven by net investment gains of £60,575 and donations. The Trustees consider the balance of income held at £10,579 to be free reserves, noting that the underlying capital is not treated as reserves. The Trustees are satisfied that assets are adequate to fulfill current objectives.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Fundraising cost ratio: 32.5% of fundraised income
“Income generated by the Charity's investments and interest received totalled £22,082 (£23,301 - 2023) and £7,190 (£7,670 - 2023) was spent raising funds.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: no set amount (held: £11k)
“The Trustees do not consider the underlying capital to be reserves since they form the sole source of income for the Trust. It is therefore not the intention of the Trustees to maintain a set amount as reserves.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation to The Verney Almshouse Charity
“The Trustees resolved to make a donation to The Verney Almshouse Charity during the year, as detailed in note 8, of which Sir Edmund Ralph Verney, Nicholas Edmund Verney and Alexandra Edwina Luttrell Verney, are Trustees.”
Per its FY2024 accounts as filed with the Charity Commission.

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

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£62k£74k
31/12/2023£23k£27k
31/12/2022£24k£9k
31/12/2021£19k£14k
31/12/2020£18k£13k

Common questions

Is The Verney Foundation financially healthy?

Per its FY2024 accounts: The accounts state that total funds increased to £1,017,097, driven by net investment gains of £60,575 and donations. The Trustees consider the balance of income held at £10,579 to be free reserves, noting that the underlying capital is not treated as reserves. The Trustees are satisfied that assets are adequate to fulfill current objectives. Its FY2024 accounts were independently examined.