THE VELVET FOUNDATION

Registered charity 1169789 · accounts filings on the Charity Commission register

THE MAIN WAY IN WHICH THE CHARITY PURSUES ITS CHARITABLE OBJECTIVES IS THROUGH THE PROVISION OF GRANTS TO CHARITABLE AND MEDICAL INSTITUTIONS.

Objects

THE CHARITY'S OBJECTS (OBJECTS) ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:4.1 TO PROVIDE A PUBLIC BENEFIT IN THE FOLLOWING MANNER:-GENERAL CHARITABLE PURPOSES 4.1.1 TO ADVANCE SUCH CHARITABLE PURPOSES (ACCORDING TO THE LAW OF ENGLAND AND WALES)FOR THE PUBLIC BENEFIT WHETHER BY MAKING GRANTS OR OTHERWISE AS THE TRUSTEES SEE FITFROM TIME TO TIME ANYWHERE IN THE WORLD IN PARTICULAR BUT NOT LIMITED TO THEFOLLOWING:PREVENTION OR RELIEF OF POVERTY AND FINANCIAL HARDSHIP 4.1.2 THE PREVENTION OR RELIEF OF POVERTY BY PROVIDING: GRANTS, ITEMS, FACILITIES ANDSERVICES TO INDIVIDUALS IN NEED AND TO CHARITIES, OR OTHER ORGANISATIONS WORKING TOPREVENT OR RELIEVE POVERTY;4.1.3 THE PREVENTION OR RELIEF OF POVERTY OR FINANCIAL HARDSHIP BY PROVIDING OR ASSISTING INTHE PROVISION OF EDUCATION, TRAINING, HEALTHCARE PROJECTS AND ALL THE NECESSARYSUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT;RELIEF OF SICKNESS 4.1.4 TO ASSIST IN THE TREATMENT AND CARE OF PERSONS SUFFERING FROM MENTAL OR PHYSICALILLNESS OF ANY DESCRIPTION OR IN NEED OF REHABILITATION AS A RESULT OF SUCH ILLNESS, BYTHE PROVISION OF FACILITIES FOR WORK AND RECREATION;4.1.5 THE RELIEF OF SICKNESS AND THE PRESERVATION OF HEALTH BY MAKING GRANTS AND PROVIDINGITEMS, FACILITIES AND SERVICES, FOR MEDICAL RESEARCH; ANDADVANCEMENT OF EDUCATION 4.1.6 TO ADVANCE THE EDUCATION OF THE PUBLIC IN GENERAL IN THE SUBJECT OF THE JEWISHRELIGION BY MAKING GRANTS TO INSTITUTIONS PROMOTING KNOWLEDGE AND EDUCATION OF THEJEWISH RELIGION.

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

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Religious Activities · Get email alerts

Financial health, per its FY2025 accounts

The accounts state that the charity recorded a net deficit of £63,459 for the year ended 30 September 2025, following a period where it received no donations. Despite this deficit, total unrestricted reserves stood at £1,507,365, which the trustees believe are adequate resources to continue operational existence for the foreseeable future.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 3 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.

• Complaints policy and procedures
• 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
• Risk management
• Safeguarding policy and procedures
• Safeguarding vulnerable beneficiaries
• Serious incident reporting policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £1.4m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 30/09/2024)

Per its annual return, largest income source: Donations and legacies (96% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income.

Trustees · trustee networks

• MICHAEL AARONSONchair
• CHEE CHOONG CHEAH
• David Rodney

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

Operates in: Israel · Throughout England And Wales

Income and spending

Common questions