Veddis Foundation
Latest income
£2.8m
Latest spending
£2.8m
Registered
2016
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £10,093,936, with no formal policy to maintain a set level of reserves. The trustees acknowledge principal risks that funding may dry up, noting that current funding is received principally from companies related to a trustee.
What the accounts disclose
Related-party transaction: Donations from companies related to trustee Mr V Bhargava.
“Funding for the trust was received principally from companies related to Mr V Bhargava, who is one of the trustees. During the year, donation income in the year totalled £1,823,397.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£2.8m
Total spending
£2.8m
Reserves (reported)
£9.4m
Employees
0
Trustees
- VIKRANT BHARGAVAchair
- MASOUD ZABETI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.8m | £2.8m |
| 31/03/2024 | £2.4m | £2.6m |
| 31/03/2023 | £10.3m | £2.6m |
| 31/03/2022 | £1.3m | £478k |
| 31/03/2021 | £0 | £124k |
Common questions
Is Veddis Foundation financially healthy?
The accounts state that unrestricted reserves stood at £10,093,936, with no formal policy to maintain a set level of reserves. The trustees acknowledge principal risks that funding may dry up, noting that current funding is received principally from companies related to a trustee. Its FY2024 accounts were audited by Lopian Gross Barnett & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LPW LIMITED | 1 | £133k |
| THE RABBI MOSHE & LEAH DERMER FOUNDATION | 1 | £76k |
| JEG TRUST LIMITED | 1 | £40k |
| UOHC FOUNDATION LTD | 1 | £25k |
| SABENO LIMITED | 1 | £10k |
| WOODLANDS GREEN LTD | 1 | £10k |