FRIENDS OF VAMIZI TRUST
The charity's objects are for the benefit of the people of Mozambique with priority to the villagers on Vamizi Island.The charity aims to advance education to develop the inhabitants; to advance medical health and provide relief for those in need; to advance environmental protection and to promote equality and the status and rights of women disadvantaged by virtue of their sex.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £24,055 for the year ended 31 December 2024, with total incoming resources of £61,943 against expenditures of £37,888. Per the trustees' report, unrestricted reserves stood at £1,214, which is below the stated policy target of three to six months' expenditure. The charity is currently small, has no employees, and relies on trustee donations and consultancy fees for its primary activities.
What the accounts disclose
“Total incoming resources amounted to £61,943 (2023: £4,520), which comprised of donations of £61,879 (2023: £4,500) and interest income of £64 (2023: £20).” — page 6
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 5
“During the year ended 31 December 2024, funds totalling £61,879 (2023: £4,500) were donated by Trustees.” — page 17
Trustees
- Carl Gustaf Lundinchair
- Edward Wyndham Graham NICHOLSON
- Henry John Pitman
- JONATHAN CHENEVIX-TRENCH
- Martin Andersson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £62k | £38k |
| 31/12/2023 | £5k | £3k |
| 31/12/2022 | £433 | £3k |
| 31/12/2021 | £3k | £3k |
| 31/12/2020 | £5k | £2k |
Common questions
Is FRIENDS OF VAMIZI TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £24,055 for the year ended 31 December 2024, with total incoming resources of £61,943 against expenditures of £37,888. Per the trustees' report, unrestricted reserves stood at £1,214, which is below the stated policy target of three to six months' expenditure. The charity is currently small, has no employees, and relies on trustee donations and consultancy fees for its primary activities. Its FY2024 accounts were independently examined.