THE LORD FARINGDON CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net outgoing resource of £10,399 for the year, driven by a £599,638 loss on the revaluation of listed investments, although operational income exceeded charitable expenditure. Per the trustees' report, unrestricted reserves stood at £154,006, which the trustees consider adequate given the charity has no employees or long-term commitments and maintains a policy of spending unrestricted funds on donations. The charity holds total net assets of £10,710,344, comprising £154,006 in unrestricted funds and £10,556,338 in endowment funds.
What the accounts disclose
“In the light of this the Trustees consider that there is no need to maintain a level of free reserves, and the unrestricted funds will be spent on further donations in due course.”
“Safemove Property Management Limited, of which the trustee J H Henderson is a shareholder, charged an administration fee for rental services of £4,020 (2022: £4,020) to the Charity. £20,100 (2022: £20,100) was received in rent by the Charity and at the year end there was a sales ledger balance of £12,060 (2022: £9,480). F&H Estate Management Company Limited (F&HEMCO) is owned by James Henderson, Trustee, and his two brothers. During the year F&HEMCO charged the Charity a management fee of £19,800 (2022: £19,200) to cover the cost of all administration work relating to the Charity. No amounts were owed to F&HEMCO at the year end (2022: £Nil). J H Henderson is the investment manager of three publicly quoted investment Trusts in which the Charity has holdings with a market value of £3,499,005 (2022: £3,700,064), representing 37% (2022: 37%) of the Charity's portfolio. The Charity paid donations of £5,000 to The Ulysses Trust (2022: £5,000) and £1,000 to the Hugenot Heritage Centre (2022: £Nil). Bernard Michael de Lerisson Cazenove is a trustee of these charities.. ” — page 22
Trustees
- BERNARD CAZENOVEchair
- EDWARD ALEXANDER CAMPBELL COTTRELL
- MRS S J MAITLAND ROBINSON
- THE HON J H HENDERSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £347k | £299k |
| 05/04/2024 | £287k | £284k |
| 05/04/2023 | £289k | £288k |
| 05/04/2022 | £267k | £241k |
| 05/04/2021 | £272k | £210k |
Common questions
Is THE LORD FARINGDON CHARITABLE TRUST financially healthy?
The accounts state that the charity reported a net outgoing resource of £10,399 for the year, driven by a £599,638 loss on the revaluation of listed investments, although operational income exceeded charitable expenditure. Per the trustees' report, unrestricted reserves stood at £154,006, which the trustees consider adequate given the charity has no employees or long-term commitments and maintains a policy of spending unrestricted funds on donations. The charity holds total net assets of £10,710,344, comprising £154,006 in unrestricted funds and £10,556,338 in endowment funds. Its FY2023 accounts were audited by Critchleys Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DILLHAVEN LIMITED | 1 | £71k |
| J & J CHARITABLE TRUST LIMITED | 1 | £17k |
| KTRUST LIMITED | 1 | £12k |