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THE VARDY FOUNDATION

Registered charity 328415 · accounts filings on the Charity Commission register · also registered in Scotland as SC051152 (OSCR)

The Vardy Foundation was established to make grants and provide support to a range of charitable causes.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Overseas Aid/famine Relief · Grant history (this charity is a funder) · Get email alerts

Latest income
£1.7m
Latest spending
£2.8m
Registered
1989
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that free reserves are negative at £1.4m, a decrease from £0.52m in the prior year, due to grants totalling £2.5m depleting cash resources. However, the Trustees consider this level appropriate to respond to grant applications and cover governance costs, noting that significant assets are held in investments that can be realised when needed. The independent auditor confirmed that the use of the going concern basis is appropriate with no material uncertainties identified.

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

What the accounts disclose

Reserves policy: a significant level of reserves (held: £-1.4m)
“The Trustees accept that the Charity must maintain a significant level of reserves, and that a level of free reserves should be retained to enable larger one-off donations to be made without the need for drawdown from capital investments.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations to Junction 42 Foundation, a charity of which trustee Richard A R Vardy was also Trustee.
“During the year, donations totalling £12,000 (2024: £4,000) were made to Junction 42 Foundation, a charity of which trustee Richard A R Vardy was also Trustee (until 24 July 2023). The Charity received a donation of shares amounting to £380,000 (2024: £314,289) from one Trustee (2024: 1) during the year. The Charity also made a donation of £86,000 (2024: £97,188) to Re: Hope Next Generation, a charity in which the wife of Trustee, Peter D D Vardy, is a trustee. Unsecured, interest-free loans from Trustee, Sir Peter Vardy, of £8,292,550 were received in the year. £7,319,105 of this was repaid during the year and there was £973,445 (2024: fnil) outstanding at the year end and included within creditors. During the year, costs of £588 (2024: £250) were paid on behalf of Trustee Sir Peter Vardy. £588 (2024: fnil) was repaid during the year and there was £nil (2024: £250) outstanding at the year end. During the year, a donation of £129,987 was received from ARCC, a Community Interest Company in which Sir Peter Vardy is a director. The Charity also made grants of £8,400 (2024: ENil) in relation to an ARCC legacy project.” — page 34
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by MHA. Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £175k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 05/04/2025)

Total income
£1.7m
Total spending
£2.8m
Cost of raising funds
£183k
Reserves (reported)
£32.0m
Employees
0

Reported reserves equal ~135.6 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Investments (69% 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: 10.5% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

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

Income and spending

Financial year endIncomeSpending
05/04/2025£1.7m£2.8m
05/04/2024£1.8m£1.8m
05/04/2023£1.5m£2.9m
05/04/2022£1.2m£2.9m
05/04/2021£3.1m£5.8m

Common questions

Is THE VARDY FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that free reserves are negative at £1.4m, a decrease from £0.52m in the prior year, due to grants totalling £2.5m depleting cash resources. However, the Trustees consider this level appropriate to respond to grant applications and cover governance costs, noting that significant assets are held in investments that can be realised when needed. The independent auditor confirmed that the use of the going concern basis is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by MHA.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government28/09/2020£2.0mCMC - The Vardy Foundation

Charities like this

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

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE VARDY FOUNDATION£1.7m—0unclear—no doubt
VARGA FAMILY FOUNDATION FY2025£337k—0above—no doubt
THE V&A FOUNDATION FY2025£251k—0above—no doubt
Veddis Foundation FY2025£2.8m—0unclear—no doubt
THE GRANT FOUNDATION FY2024£185k—0within—no doubt
THE MILES MORLAND FOUNDATION FY2025£235k——within—no doubt

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