THE VARKEY FOUNDATION
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-28 (in 4mo)
Last made up 2025-09-14
Watchouts
Cash
£844K
+11.9% vs 2024
Net assets
£629K
+27.4% vs 2024
Employees
29
-12.1% vs 2024
Profit before tax
£47K
+115% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
After considering these factors, the Trustees have concluded that the foundation has a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the accounts on a going concern basis but there are material uncertainties as discussed above.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£313,058 | £47,094 | |
| Profit before tax | -£313,058 | £47,094 | |
| Net profit | -£354,953 | £135,413 | |
| Cash | £754,376 | £844,216 | |
| Total assets less current liabilities | £2,764,603 | £2,990,535 | |
| Net assets | £493,795 | £629,208 | |
| Equity | £493,795 | £629,208 | |
| Average employees | 33 | 29 | |
| Wages | £625,190 | £899,924 | |
| Directors' remuneration | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
+11.9%
£754,376 £844,216
-
Net assets
+27.4%
£493,795 £629,208
-
Employees
-12.1%
33 29
-
Operating profit
+115%
-£313,058 £47,094
-
Profit before tax
+115%
-£313,058 £47,094
-
Wages
+43.9%
£625,190 £899,924
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | -11.3% | 1.6% | |
| Current ratio | 3.88x | 3.79x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- THE VARKEY FOUNDATION 2014-12-30 → present
- THE VARKEY GEMS FOUNDATION 2011-09-14 → 2014-12-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“After considering these factors, the Trustees have concluded that the foundation has a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the accounts on a going concern basis but there are material uncertainties as discussed above.”
Group structure
- THE VARKEY FOUNDATION · parent
- VF Trading Varkey Limited 100%
- Fundación Varkey Argentina 100%
- Varkey Foundation Ghana
Significant events
- “In 2024-25, the ninth Global Teacher Prize was awarded at a ceremony at the World Governments Summit on 13th February 2025 in Dubai, UAE.”
- “The foundation's fourth $100,000 Global Student Prize, sponsored by Chegg.org, was awarded in September 2024.”
- “Launched at the World Government Summit 2025, the Varkey Foundation's SPARK.Dubai event brought together students, educators, and thought leaders.”
- “February 2024: Sister Zeph, Global Teacher Prize 2023 winner, participated in the 14th Policy Dialogue Forum in Johannesburg, hosted by UNESCO.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOXSER, Marc Nicholas Fabian | Director | 2024-02-01 | Jul 1978 | British |
| VARKEY, Jay Sunny | Director | 2011-09-14 | Oct 1984 | Indian |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BWB SECRETARIAL LIMITED | Corporate Secretary | 2016-10-03 | 2025-11-18 |
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2011-09-14 | 2016-10-03 |
| CLIFFORD, David Phillimore | Director | 2015-09-16 | 2020-02-28 |
| GILES, Karen | Director | 2016-01-12 | 2018-04-17 |
| JENKINS, Amanda Mary | Director | 2015-02-18 | 2018-04-17 |
| LOCKETT, Michael Vernon, Sir | Director | 2015-04-23 | 2024-10-15 |
| LOWTHER PINKERTON, Anthony James Moxon | Director | 2015-02-18 | 2018-04-17 |
| PATEL, Vijita Sharad | Director | 2017-07-10 | 2021-09-14 |
| POTA, Vikas | Director | 2018-06-26 | 2019-12-31 |
| VARKEY, Dino Sunny | Director | 2011-09-14 | 2017-04-26 |
| VARKEY, Harsha | Director | 2017-04-26 | 2018-06-26 |
| VARKEY, Sunny | Director | 2011-09-14 | 2018-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dino Sunny Varkey | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Sunny Varkey | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 69 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-11-17 | AA | accounts | Accounts with accounts type group | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-04 | AA | accounts | Accounts with accounts type group | |
| 2024-10-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-15 | AA | accounts | Accounts with accounts type group | |
| 2024-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-09 | CH01 | officers | Change person director company with change date | |
| 2024-01-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-13 | AA | accounts | Accounts with accounts type group | |
| 2022-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-08 | AA | accounts | Accounts with accounts type group | |
| 2021-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-14 | AA | accounts | Accounts with accounts type group | |
| 2020-10-20 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.