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THE VALESCO FOUNDATION

Registered charity 1194039 · accounts filings on the Charity Commission register

The Valesco Foundation is the independent corporate Foundation of The Valesco Group. Its current purposes of focus are: the advancement of education; the prevention or relief of poverty; the advancement of human rights, conflict resolution or reconciliation or the promotion of religious or racial harmony or equality and diversity; and the advancement of health or the saving of lives

Causes: General Charitable Purposes · website · Get email alerts

Latest income
£70k
Latest spending
£70k
Registered
2021
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's unrestricted funds decreased from £4,927 to £5,632 during the year, resulting in a net income of £705. The charity relies entirely on donations from The Valesco Group, which provided £70,320 in incoming resources against £69,615 in expenditure. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: The charity was controlled throughout the current and prior period by its trustees. As at the year end, the charity was owed by The Valesco Group Limited £6,270 net (the charity owed £195 in 2023). This company is a related entity by the virtue of the fact that the Chair of Trustees, Shiraz Jiwa, is also the majority shareholder and a Director of The Valesco Group Limited.
“As at the year end, the charity was owed by The Valesco Group Limited £6,270 net (the charity owed £195 in 2023). This company is a related entity by the virtue of the fact that the Chair of Trustees, Shiraz Jiwa, is also the majority shareholder and a Director of The Valesco Group Limited.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£70k£70k
31/12/2023£0£18k
31/12/2022£2k£22k
31/12/2021£100k£57k

Common questions

Is THE VALESCO FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity's unrestricted funds decreased from £4,927 to £5,632 during the year, resulting in a net income of £705. The charity relies entirely on donations from The Valesco Group, which provided £70,320 in incoming resources against £69,615 in expenditure. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.