THE VASEPPI TRUST
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £7,636,301, driven by significant net gains on investments of £611,102 which offset charitable expenditure of £416,119. The trustees note that the charity does not have any free reserves under Charity Commission definitions because accumulated reserves are effectively an expendable endowment fund. The filing confirms that accounting records were kept and accounts accord with those records, with no material matters identified by the independent examiner.
What the accounts disclose
“The Trustees consider that the unrestricted funds of £7,636,301 provide an appropriate base from which capital appreciation should ensure that grant-making can continue in line with the Trustees' objectives.” — page 4
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "within" (FY2024).
Trustees
- Robert Cope
- SIRI ALEXANDRA PERTWEE COPE
- THOMAS CYRUS FUSSELL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £106k | £376k |
| 31/12/2024 | £174k | £416k |
| 31/12/2023 | £111k | £366k |
| 31/12/2022 | £7k | £249k |
| 31/12/2021 | £5k | £206k |
Common questions
Is THE VASEPPI TRUST financially healthy?
The accounts state that total unrestricted funds increased to £7,636,301, driven by significant net gains on investments of £611,102 which offset charitable expenditure of £416,119. The trustees note that the charity does not have any free reserves under Charity Commission definitions because accumulated reserves are effectively an expendable endowment fund. The filing confirms that accounting records were kept and accounts accord with those records, with no material matters identified by the independent examiner. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| SF FOUNDATION | 1 | £33k |
| THE KNIGHTLAND FOUNDATION | 1 | £30k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |