The Faraday Institute for Science and Religion

Registered charity 1153702 · accounts filings on the Charity Commission register · also known as FARADAY TRUST, FARADAY TRUST FOR SCIENCE AND RELIGION

The Charity's objects are to advance education in the field of science and religion by carrying out research in all aspects of that subject, publishing the useful results in academic journals and books and improving the public understanding of issues in the field of science and religion by disseminating research results.

Causes: Education/training · Religious Activities · Arts/culture/heritage/science · website · Get email alerts

Latest income
£547k
Latest spending
£776k
Registered
2013
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net deficit of £147,519 for the year ended 31 March 2025, resulting in a decrease in free reserves to £1,244,715. The trustees consider the going concern basis appropriate, citing sufficient reserves and expected investment income to meet obligations for the next 12 to 18 months. Total funds held at year-end were £3,412,633, including £1,248,246 in investments.

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

What the accounts disclose

Reserves policy: maintain a reserve to provide income and cover budgeted expenditure not covered by current income; net current assets of £575,416 not considered excessive (held: £1.2m)
“It is the intention of the Trustees to maintain a reserve, firstly to provide income to support the purposes of The Faraday Institute and secondly, as a fund from which capital can be withdrawn to cover budgeted expenditure not covered by current income. Net current assets at 31 March 2025 were £575,416, which the Trustees do not consider to be excessive given the unpredictability of timing of future programme and research grant funding.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: One trustee received consultancy fees of £250.
“During the year one trustee received consultancy fees of £250.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee loan
“Last year a trustee loaned the Institute £400,000. Interest of £11,792 has been charged on the loan during the year.” — page 22
“Donations and grants of £145,000 were received from trustees and related parties in the year.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee donations
“Last year a trustee loaned the Institute £400,000. Interest of £11,792 has been charged on the loan during the year.” — page 22
“Donations and grants of £145,000 were received from trustees and related parties in the year.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee consultancy
“Last year a trustee loaned the Institute £400,000. Interest of £11,792 has been charged on the loan during the year.” — page 22
“Donations and grants of £145,000 were received from trustees and related parties in the year.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Chater Allan LLP. Discloses 5 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 £1.0m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£547k
Total spending
£776k
Cost of raising funds
£8k
Reserves (reported)
£1.2m
Employees
18

Reported reserves equal ~19.3 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (53% 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: 1.4% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Cambridgeshire

Income and spending

Financial year endIncomeSpending
31/03/2025£547k£776k
31/03/2024£994k£865k
31/03/2023£757k£810k
31/03/2022£752k£846k
31/03/2021£496k£842k

Common questions

Is The Faraday Institute for Science and Religion financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £147,519 for the year ended 31 March 2025, resulting in a decrease in free reserves to £1,244,715. The trustees consider the going concern basis appropriate, citing sufficient reserves and expected investment income to meet obligations for the next 12 to 18 months. Total funds held at year-end were £3,412,633, including £1,248,246 in investments. Its FY2025 accounts were audited by Chater Allan LLP.

Who funds The Faraday Institute for Science and Religion?

Funders whose own accounts filings name The Faraday Institute for Science and Religion as a grant recipient include HINCHLEY CHARITABLE TRUST, HOCKERILL EDUCATIONAL FOUNDATION, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, CAMBRIDGE.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
HINCHLEY CHARITABLE TRUSTFY2025£11kEquipping Christian Leaders
HINCHLEY CHARITABLE TRUSTFY2024£11kGrants - Public Sphere
HINCHLEY CHARITABLE TRUSTFY2023£11kGrants - Public Sphere
HOCKERILL EDUCATIONAL FOUNDATIONFY2025£10kRequesting funding to extend the reach of the Fi Youth and Schools programme
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, CAMBRIDGEFY2025£1kMission Giving