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VARGA FAMILY FOUNDATION

Registered charity 1208047 · accounts filings on the Charity Commission register

Causes: General Charitable Purposes · Grant history (this charity is a funder) · Get email alerts

Latest income
£337k
Latest spending
£126k
Registered
2024
Accounts read
FY2025

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.

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

What the accounts disclose

Reserves policy: no formal level of free reserves (held: £2.4m)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 2024 donations from a trustee
“There were no disclosable related party transactions during the year (2024 - £1,707,273 worth of donations from a trustee.)” — page 19
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by BKL Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.9m
Total spending
£14k
Reserves (reported)
£2.4m
Employees
0

Per its annual return, largest income source: Donations and legacies (93% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales · United States

Income and spending

Financial year endIncomeSpending
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

Semantically similar by activities and financial character, from our analysed corpus. Compare with GRAFF FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
VARGA FAMILY FOUNDATION£337k—0above—no doubt
GRAFF FOUNDATION FY2025£1.4m—0above—no doubt
THE VAN NESTE FOUNDATION FY2025£224k—0within—no doubt
THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT FY2025£120k—0unclear—no doubt
THE TANAGRA FOUNDATION FY2024£147k—0unclear—no doubt
BEEBY FAMILY FOUNDATION FY2025£285k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.