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

Objects

THE OBJECT OF THE CIO IS TO ADVANCE FOR PUBLIC BENEFIT SUCH CHARITABLE PURPOSES (ACCORDING TO THE LAW OF ENGLAND AND WALES) AS THE TRUSTEES SEE FIT FROM TIME TO TIME.

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 · 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.

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.

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.