THE VELVET FOUNDATION
THE MAIN WAY IN WHICH THE CHARITY PURSUES ITS CHARITABLE OBJECTIVES IS THROUGH THE PROVISION OF GRANTS TO CHARITABLE AND MEDICAL INSTITUTIONS.
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.
What the accounts disclose
“During the year the Charity received no donations (2024: £1,324,967) and generated £45,600 of rental income from its investment property (2024: £49,400).” — page 3
Property (HM Land Registry)
Structured financials (annual return, FY ending 30/09/2024)
Trustees
- MICHAEL AARONSONchair
- CHEE CHOONG CHEAH
- David Rodney
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £46k | £109k |
| 30/09/2024 | £1.4m | £970k |
| 30/09/2023 | £2.2m | £802k |
| 30/09/2022 | £123k | £1.1m |
| 30/09/2021 | £1.1m | £648k |
Common questions
Is THE VELVET FOUNDATION financially healthy?
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. Its FY2025 accounts were independently examined.