COMPTON VERNEY FUND
Financial health, per its FY2024 accounts
The accounts state that the charity holds total funds of £46,631,656, comprising unrestricted, restricted, and endowment funds, with a net movement in funds of £3,107,171 for the year. The trustees consider the level of reserves to be satisfactory to achieve the charity's objectives and maintain the viability of its activities. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The intention in establishing the Reserves Policy for CVF is to secure the continuation of the Charity's activities during its expected lifetime. The Policy will; - Preserve the viability of the Charity - Enable the Charity to meet its legal obligations. - Ensure that the reserves are at a level sufficient to discharge all the Charity's legal obligations.”
“The Trustees of CVF made a grant of £1,600,000 (2023: £1,550,000) to CVHC. Philip Bunt (trustee) is a director and trustee of CVHC.” — page 20
“The Trustees of CVF paid professional fees to Withers LLP of £Nil (2023: £2,340). Matthew Woods (trustee) is a partner of Withers LLP.” — page 20
“The Trustees of CVF made a grant of £1,600,000 (2023: £1,550,000) to CVHC. Philip Bunt (trustee) is a director and trustee of CVHC.” — page 20
“The Trustees of CVF paid professional fees to Withers LLP of £Nil (2023: £2,340). Matthew Woods (trustee) is a partner of Withers LLP.” — page 20
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (16/03/2017)
Trustees
- JOANNA VAZQUEZchair
- Hon Toby Stephen Gunnar Grimstone
- Howard Jones
- Jenny Elizabeth Grimstone-Jones
- KIRSTEN VICTORIA MARY SUENSON-TAYLOR
- Matthew Woods
- Philip Bunt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £929k | £1.9m |
| 31/12/2023 | £859k | £1.8m |
| 31/12/2022 | £653k | £1.7m |
| 31/12/2021 | £735k | £1.7m |
| 31/12/2020 | £630k | £1.6m |
Common questions
Is COMPTON VERNEY FUND financially healthy?
The accounts state that the charity holds total funds of £46,631,656, comprising unrestricted, restricted, and endowment funds, with a net movement in funds of £3,107,171 for the year. The trustees consider the level of reserves to be satisfactory to achieve the charity's objectives and maintain the viability of its activities. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Wallwork Nelson & Johnson.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |