THE VOLUNTARY SOLIDARITY FUND INTERNATIONAL
The VSF's mission is to provide an opportunity for the more fortunate in society to help those who are disadvantaged by contributing financially and by volunteering time. The VSF promotes existing charities and individual initiatives in developed countries which strive to bring marginalized individuals and families into society. Support is in the form of Board approved grants and/or loans.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £47,428 at the end of the year, a decrease from £68,872 the previous year due to total expenditure exceeding income. The trustees note that while a permanent reserve policy targets three to six months of expenditure, the current level is maintained as a small contingency in the charity's early development stage. The filing confirms the charity is prepared on a going concern basis with adequate resources for the foreseeable future.
What the accounts disclose
“It is the policy of the VSF 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 13
Trustees
- PROFESSOR JOSEF BONNICIchair
- FRANCESCO VANNI D'ARCHIRAFI
- MR DOMINGO BICKEL
- Maria Jose Subiela Alvarez
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £65k | £86k |
| 31/12/2023 | £43k | £41k |
| 31/12/2022 | £66k | £40k |
| 31/12/2021 | £29k | £20k |
| 31/12/2020 | £33k | £35k |
Common questions
Is THE VOLUNTARY SOLIDARITY FUND INTERNATIONAL financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £47,428 at the end of the year, a decrease from £68,872 the previous year due to total expenditure exceeding income. The trustees note that while a permanent reserve policy targets three to six months of expenditure, the current level is maintained as a small contingency in the charity's early development stage. The filing confirms the charity is prepared on a going concern basis with adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.