Charity Accounts Intelreading the accounts so you don’t have to

VICTOR ADDA FOUNDATION

Registered charity 291456 · accounts filings on the Charity Commission register

The principle activity of the trust is the continued support of the Fan Museum Trust.

Objects

ANY PURPOSE WHICH IS RECOGNISED BY ENGLISH LAW TO BE EXCLUSIVELY CHARITABLE INCLUDING (BY WAY OF EXAMPLE AND WITHOUT IN ANY WAY LIMITING THE GENERALITY OF THE TRUSTEE' DISCRETION HEREUNDER) THE MAKING OF SUCH DONATIONS (WHETHER OF THE WHOLE OR ANY PART OF THE TRUST FUND) AS THE TRUSTEES SHALL IN THEIR ABSOLUTE AND UNFETTERED DISCRETION FROM TIME TO TIME THINK FIT TO ANY TRUST ORGANISATION CORPORATION OR BODY WHITCH IS REGISTERED AS A CHARITY UNDER TH PROVISIONS OF THE CHARITIES ACT 1960.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Arts/culture/heritage/science · Get email alerts

Latest income
£81k
Latest spending
£54k
Registered
1985
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity holds unrestricted free reserves of £1,942,799.03, which significantly exceeds its stated policy target of three months of unrestricted charitable expenditure. The charity reported a net income surplus for the year, with total income of £81,333.96 against total expenditure of £53,798.55, indicating strong financial stability.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months of unrestricted charitable expenditure (held: £1.9m)
“The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Administration fees paid to Kleinwort Hambros Trust Company (UK) Limited, a corporate trustee.
“Kleinwort Hambros Trust Company (UK) Limited received a fee of £8,100.00 (£8,220.00 in 2024) for administration services.” — page 9
Per its FY2025 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: City Of London

Income and spending

Financial year endIncomeSpending
31/03/2025£81k£54k
31/03/2024£72k£59k
31/03/2023£65k£90k
31/03/2022£273k£46k
31/03/2021£51k£54k

Common questions

Is VICTOR ADDA FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity holds unrestricted free reserves of £1,942,799.03, which significantly exceeds its stated policy target of three months of unrestricted charitable expenditure. The charity reported a net income surplus for the year, with total income of £81,333.96 against total expenditure of £53,798.55, indicating strong financial stability. Its FY2025 accounts were independently examined.