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.
Name history
Renamed 1 time since incorporation
- THE VARKEY FOUNDATION 2014-12-30 → present
- THE VARKEY GEMS FOUNDATION 2011-09-14 → 2014-12-30
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 |
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
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 |
Margins divide P&L lines by turnover. 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.
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.
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