Yes, but normally the first object in the vertical alignment is determined by its Y position by default. If you want that, you have to do something ...

What to do if the distance should be entered via the margin value?

In the display settings, turn on the switch "Consider margin in vertical alignment" and enter the desired values. Even though it generally refers to "margin," it only means the margin at the top and bottom.

This way, you can easily change the distance at the top:

For this checkbox to appear, the function "New Vertical Alignment" must be activated in the administration under "More."