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

Objects

TO FURTHER SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT (THE 'OBJECTS')

Area of benefit: WORLDWIDE

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

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, as disclosed

“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.

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.

Conflicting interests
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
Risk management
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Trustees · trustee networks

MR NICHOLAS VERNEYchair
Alexandra Edwina Luttrell Verney
Michael Reginald Parsons · trustee of 1 other charity
SIR EDMUND VERNEY

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

Operates in: Throughout England And Wales

Income and spending

Financial year end	Income	Spending
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.