VARGA FAMILY FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £2,427,886, which the Trustees consider sufficient to meet existing grant commitments and administrative costs without a formal policy target. The charity reported a net movement in funds of £2,427,886 for the period, driven primarily by donations and investment gains, with no charitable grants disbursed in its first year of operation.
What the accounts disclose
“The Trustees assess that there is no need to hold a formal level of free reserves as the grant making programme is carried out at the trustees' discretion and there are few overheads.” — page 5
“During the year, Zoltan Varga, a trustee of the charity, donated £107,811 to the charity and gifted £1,599,462 worth of shares to the charity.” — page 21
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Krystal Bojan
- Tamara Varga
- Zoltan Varga
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £337k | £126k |
| 31/12/2024 | £1.9m | £14k |
Common questions
Is VARGA FAMILY FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £2,427,886, which the Trustees consider sufficient to meet existing grant commitments and administrative costs without a formal policy target. The charity reported a net movement in funds of £2,427,886 for the period, driven primarily by donations and investment gains, with no charitable grants disbursed in its first year of operation. Its FY2024 accounts were audited by BKL Audit LLP.