CHARITY COMMISSION FOR ENGLAND AND WALES Trustees. Annual Report for the period From 1st September 2023 Period start date To 31st August 2024 Period end date Charlty name: The Vernon Charitable Foundation Charity registration number: 1204548 Objectives and Activities SORP r&ferce Summary of the purposes of the charity as sel out in its governing doGument Para 1.17 The objects of the CIO are to advance charitable purposes, as pertains to the laws of England and Wales, in particular. but not limited to, the prevention or relief of poverty and to the developmer)t of the capacity and skills of the members of socially and economically disadvantaged communities within the wider region of Stockport, Cheshire & Greater Manchester through the provision of grants to registered charitias within this region who are focused on furthering charitable purposes for the public benefit. Summary of the main activities in relation to those purposas for the public benefit, in particular, Ihe activities, projects or ServIS identified in the accounts. Statement Confirming whether the trustees have had regard lo the guidance issued by the Charity Commission on public benefit Para 1.17 and 1.19 Through grants, the Foundation will support local charit18s providing public benefit in Stockport, Cheshire and Greater Manchester, focused on the prevention and relief of poverty and community development. Para 1.18 The trustees have had due regard to the guidan issued by the Charity Commission on public benefit. The charity trustees manage the affairs of the CIO and may for Ihat purpose exercise all Ihe powers of the CIO. It is th& duty of each charity trustee.. {a) to exercise his or her powers and lo perform his or her functions in his or her capacity as a trustee of the CIO in the way he or she decides in good faith would be most likely to further the purposes of the CIO. and {b} to exercise, in the perfomance of those functions, such care and skill as is
reasonable in the circumstances having regard in particular to.. lil any special knowledge or experience Ihal he or she has or holds himself or herself out as having., and, The suggested provisions in (bl reflect the law and {c) is based on good practice. Note that there are offences under the General Regulations concerning legally disqualified individuals actin as trustees. Additional information {optional> You ma hoose lo include further statemenls where relevant about.. SORP referenGe The grant making policy is available on request Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Par8 1.38 Contribution made by volunteers Other Achievements and Performance SORP refer8nce Vemon Building Society was founded on March 27. 1924. To mark the centenary milestone, the Vernon has annoUnd the creation of the Vernon Charitable Foundation to support local charities in Stockport, Cheshire and Greater Manchester, foGused on the prevention and relief of poverty and community development. The Foundation has supported 12 charities by providing £43,000.00 of grants during this accounting period. Covering areas from Cheshire lo Greater Manchester. Summary ofthe main achievernents of the charity, identifying the difference the charity's work has made lo the circumslances of its beneficiaries and any wider benefits to society as a whole. P8ra 1.20
Additional information (optional) You ma choose to include further statements where relevant about: Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Pard 1.41 Other
Financial Review Review of the charity's financial position at the end of the 8riod Statement explaining the policy for holding reserves stating why they are held Par8 1.21 Th8 Charity's financial position is strong. Accounts have been prepared showing income and ex enditure. The Charity does not operate a formal policy on reserves bul at all limes will maintain sufficient reserves to meet committed expenditure and donations made b the Irusl. £129,868 at ear end nla Para 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the harity continuing as a going concern Para 1.22 Para 1.22 Para 1.24 There are no funds in deficit. Para 1.23 nla Additional Information (optional) You ma choose lo include further statements where relevant about.. Principal source of funds are from dormant accounts, via the Reclaim Fund The charily's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Par2 1.46 A description of the principal risks facing the charity Para 1.46 Other
Structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 Constitution How is the charily constituted? le.g uninGorpoFaled Para 1.25 Charitable Incorporated Organisation (CIO) Trustee selection methods including details of any constitutional provisions e.g. election lo post or name of any person or body entitled lo appoint one or more trustees Para 1.25 No individual may be appointed as a charity trustee of the CIO.. if he or she is under the age of 16 years., or if he or she would automatically cease to hold office under the provisions of the constitution (is ineligible lo be a trustee). No one is entitled to act as a charity trustee whether on appointment or on any re- appointment until he or she has expressly acknowledged, in whatever way ihe charity trustees decide, his or her acceptance of the office of charity trustee. At least one of the trustees of Ihe CIO musl be 18 years of age or over. If there is no Iruslee aged at least 18 years, the remaining trustees may only act lo call a meeting of the charity trustees or appoint a new charity trustee. There must be at least three charity trustees. If the number falls below Ihis minimum, the remaining trustee or trustees may act only lo call a meeting of the oharity trustees or appoint a new charity trustee. The maximum length of time any trustee may serve is 9 years. Apart from the first charity trustees, every appointed trustee musl be appointed by a resolution passed at a properly convened meeting of the charily trustees. In selecting individuals for appointment as appoinled charity trustees, the charily trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Additional information (optionall You ma choose to include further statemenls where relevant about.. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's arganisational structure and an wider Para 1.51
network with which the charity works Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses Re islered charit numb8r Charity's principal address The Vernon Charitable Foundation nla 1204548 Vernon Building Society 17-19 St. Petersgate Stockport SK1 1HF
Names of the charity trustees who manage the charity Dates acted if not for whole èar Trustee name Offlce lif any) Name of person lor bodyl entitled toa olnt trust8e fan lan Robert Wilson nla 2910812023 2910812023 nla Tracey Wright Andrew Smith nla nla nla nla Chair 2910812023 Lord David Goddard Susan Holden O'Brien 1511212023 nla nla 1511212023 nla Paul Brearley Mark Lee nla 1511212023 nla nla nla 1511212023 10 12 13 14 15 18 17 18 20 Cor orate trustees - names of the direclors at the date the re Dlrector name ortwasa roved Name of trustees holding iitle to property belonging lo the charity Trustee name Dates acted If not for whole ear
Funds held as custodian trustees on behalf of others Description of the assets nla held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional information loptionall Names and addressos of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional Information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details nla Other o tional information
Declarations The trustees declare that they have approved thè trustees, report above. Signed on behalf of the charity's trustees Signature{s) Full name{s) Position (eg Secretary. Chair, etc) Date bo"Lr