VERONICA AND LARS BANE FOUNDATION CIO
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £5,487,081, which significantly exceed its stated reserves policy target of covering only minimal known costs such as audit fees and bank charges. With total income of £630,933 and expenditure of £311,631, the charity generated a net surplus, maintaining a strong financial position supported by substantial investment assets.
What the accounts disclose
“The foundation has almost no expenditure. Lars and Veronica Bane have paid privately for small charges, e.g. registration fees, business cards and accounting programs. The only known cost will be for Goldwins’ audit fees, which this year was £6,900 and bank charges of £2,931.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Lars Banechair
- Anna-Lena Nicolson
- Elliot Carl Victor Bane
- Veronica Bane
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £401k | £312k |
| 31/12/2024 | £570k | £283k |
| 31/12/2023 | £338k | £267k |
| 31/12/2022 | £41k | £247k |
| 31/12/2021 | £0 | £150k |
Common questions
Is VERONICA AND LARS BANE FOUNDATION CIO financially healthy?
The accounts state that the charity holds unrestricted reserves of £5,487,081, which significantly exceed its stated reserves policy target of covering only minimal known costs such as audit fees and bank charges. With total income of £630,933 and expenditure of £311,631, the charity generated a net surplus, maintaining a strong financial position supported by substantial investment assets. Its FY2025 accounts were audited by Goldwins Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |
| The Edge Ministries | 1 | £6k |