VARGA FAMILY FOUNDATION
Objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF, SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £2,364,443, which the trustees consider sufficient to meet existing grant commitments and administrative costs without a formal reserves policy target. The charity relies on investment income and donations from entities related to trustees to fund its operations, with no formal fundraising activities undertaken. The trustees report a healthy financial position supported by a diversified investment portfolio, despite a net loss on investments for the year.
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
“There were no disclosable related party transactions during the year (2024 - £1,707,273 worth of donations from a trustee.)” — page 19
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Grant-making is its main activity
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?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £2,364,443, which the trustees consider sufficient to meet existing grant commitments and administrative costs without a formal reserves policy target. The charity relies on investment income and donations from entities related to trustees to fund its operations, with no formal fundraising activities undertaken. The trustees report a healthy financial position supported by a diversified investment portfolio, despite a net loss on investments for the year. Its FY2025 accounts were audited by BKL Audit LLP.
Charities like this
- THE OLGA CHARITABLE TRUST
- THE WRIGHT VIGAR CHARITABLE TRUST
- THE TANAGRA FOUNDATION
- OLD VICARAGE CHARITABLE TRUST
- THE LEVY FAMILY CHARITABLE TRUST
- GALE FAMILY CHARITY TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| VARGA FAMILY FOUNDATION | £337k | — | 0 | above | — | no doubt |
| THE OLGA CHARITABLE TRUST | £59k | — | 0 | above | — | no doubt |
| THE WRIGHT VIGAR CHARITABLE TRUST | £75k | — | 0 | unclear | — | no doubt |
| THE TANAGRA FOUNDATION | £182k | — | — | below | — | no doubt |
| OLD VICARAGE CHARITABLE TRUST | £375k | — | 0 | unclear | — | no doubt |
| THE LEVY FAMILY CHARITABLE TRUST | £65k | — | 0 | unclear | — | no doubt |