VARGA FAMILY FOUNDATION

Registered charity 1208047 · accounts filings on the Charity Commission register

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.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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

Registered contact address: Westminster, London, England (from the postcode on the register)

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 (reserves figure: £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.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

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

Source: this charity’s annual returns on the Charity Commission register.

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 (3.2%) (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 THE OLGA CHARITABLE TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
VARGA FAMILY FOUNDATION£337k—0above—no doubt
THE OLGA CHARITABLE TRUST FY2025£59k—0above—no doubt
THE WRIGHT VIGAR CHARITABLE TRUST FY2025£75k—0unclear—no doubt
THE TANAGRA FOUNDATION FY2025£182k——below—no doubt
OLD VICARAGE CHARITABLE TRUST FY2025£375k—0unclear—no doubt
THE LEVY FAMILY CHARITABLE TRUST FY2025£65k—0unclear—no doubt

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