THE VASSAR-SMITH FUND
General Charitable PurposesMedical/Health/SicknessDisabilityRelief of Poverty
Objects
TO AFFORD FINANCIAL ASSISTANCE IN THE FORM OF GRANTS OR LOANS IN NECESSITOUS CASES TO MEMBERS OF LLOYDS BANK STAFF (INCLUDING PENSIONERS) OR TO THEIR DEPENDANTS.
Financial health, per its FY2025 accounts
The accounts state that the charity holds total unrestricted reserves of £1,197,616, which the trustees consider broadly sufficient to produce income of around £40,000 per year. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity reported a net income of £55,906 for the year, driven largely by investment gains.
What the accounts disclose
“The current level of reserves, which produces income consistently of around £40,000 per year is considered broadly sufficient in the current circumstances.” — page 4
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 02/08/2025 | £44k | £24k |
| 02/08/2024 | £48k | £25k |
| 02/08/2023 | £41k | £41k |
| 02/08/2022 | £36k | £25k |
| 02/08/2021 | £36k | £25k |
Common questions
Is THE VASSAR-SMITH FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds total unrestricted reserves of £1,197,616, which the trustees consider broadly sufficient to produce income of around £40,000 per year. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity reported a net income of £55,906 for the year, driven largely by investment gains. Its FY2025 accounts were independently examined.