THE VANDERVELL FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £7,516,236, with £7,515,620 regarded as free reserves. The charity reported a net increase in funds of £29,348 for the year, supported by investment gains of £316,433 which offset a net expenditure of £287,085. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustee expects the yield from investments will be sufficient to cover the Foundation’s grant funding activities and therefore wishes to maintain the Foundation’s total funds at approximately the current level.” — page 7
“Included in the management fees, remuneration amounting to £12,000 (2023: £12,000) was paid to the Trustee, The Vandervell Foundation Limited, in accordance with the Trust Deed. The remuneration has been paid to the three directors of the Trustee Company for their time and expertise provided to support the charity’s day to day activities.”
“During the year, The Vandervell Foundation incurred management fees of £13,020 (2023: £12,984) for the services of the trustee, The Vandervell Foundation Limited. Included in the management fees, remuneration amounting to £12,000 (2023: £12,000) was paid to the Trustee, The Vandervell Foundation Limited, in accordance with the Trust Deed. The remuneration has been paid to the three directors of the Trustee Company for their time and expertise provided to support the charity’s day to day activities.” — page 23
Trustees
- THE VANDERVELL FOUNDATION LTD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £222k | £509k |
| 31/12/2023 | £233k | £412k |
| 31/12/2022 | £267k | £425k |
| 31/12/2021 | £248k | £462k |
| 31/12/2020 | £233k | £441k |
Common questions
Is THE VANDERVELL FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £7,516,236, with £7,515,620 regarded as free reserves. The charity reported a net increase in funds of £29,348 for the year, supported by investment gains of £316,433 which offset a net expenditure of £287,085. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Sawin & Edwards LLP.