FAIR WAYS FOUNDATION
Registered charity 1159854 · accounts filings on the Charity Commission register · filing overdue (register status)
The Foundation objectives are to: Address social exclusion, Improve health and wellbeing, Promote education and literacy, Support vulnerable children and young people and Support vulnerable people and families. This is delivered through Administering annual grant funding and education bursaries to support young people who would cannot access or qualify for this funding. Please refer to Website
Causes: Education/training · Accommodation/housing · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity is preparing its financial statements on a basis other than going concern, reflecting the decision to cease activities and transfer assets and liabilities to Fair Ways Community Benefit Society. The charity reported a net deficit of £394,522 for the year ended 31 October 2024, resulting in total funds of £1,895,585. Free reserves of £166,000 were below the stated policy target range of £234,000 to £468,000, though trustees do not consider this a cause for concern given the planned transfer.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: Rental income (100% of income)
“Income for the year was mainly from rents charged to Fair Ways Community Benefit Society in their provision of care and education for vulnerable children, young people and families.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £166k; policy: between £234k and £468k)
“The Foundation’s actual cash reserves at 31 October 2024 was £166k. This was below the target range.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: accounts NOT prepared on a going-concern basis (closing, merging or winding up)
“In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosures made in note 2.2 of the financial statements concerning the use of a basis of preparation other than on a going concern basis. The basis of preparation adopted reflects the companies’ decision to cease the activities and to realise its assets and discharge its liabilities.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Charity has Trustees in common with, provides grants to, and owns premises operated by Fair Ways Community Benefit Society...
“The Charity has Trustees in common with, provides grants to, and owns premises operated by Fair Ways Community Benefit Society, which provides high quality social care and education services including school and foster placements, residential children’s homes, a post 16 service and a family assessment centre.” — page 8
“A £250k grant was awarded to FWCBS in 2023-24: no grants were awarded in the previous year.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Fair Ways Community Benefit Society
“The Charity has Trustees in common with, provides grants to, and owns premises operated by Fair Ways Community Benefit Society, which provides high quality social care and education services including school and foster placements, residential children’s homes, a post 16 service and a family assessment centre.” — page 8
“A £250k grant was awarded to FWCBS in 2023-24: no grants were awarded in the previous year.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Management fee paid to Fair Ways Community Benefit Society
“The Charity has Trustees in common with, provides grants to, and owns premises operated by Fair Ways Community Benefit Society, which provides high quality social care and education services including school and foster placements, residential children’s homes, a post 16 service and a family assessment centre.” — page 8
“A £250k grant was awarded to FWCBS in 2023-24: no grants were awarded in the previous year.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rent paid to third party landlords passed on to Fair Ways CBS
“The Charity has Trustees in common with, provides grants to, and owns premises operated by Fair Ways Community Benefit Society, which provides high quality social care and education services including school and foster placements, residential children’s homes, a post 16 service and a family assessment centre.” — page 8
“A £250k grant was awarded to FWCBS in 2023-24: no grants were awarded in the previous year.”
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Azets Audit Services. Discloses 5 of 6 completeness components.
Property (HM Land Registry)
4 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/10/2024)
Reported reserves equal ~2.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).
Per its annual return, largest income source: Investments (100% 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: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).
- Anne Segallchair
- Adrian Fry
- Diana Cree
Trustee list from the Charity Commission register (current, not historical).
Operates in: Powys · Throughout England
Income and spending
Common questions
Is FAIR WAYS FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity is preparing its financial statements on a basis other than going concern, reflecting the decision to cease activities and transfer assets and liabilities to Fair Ways Community Benefit Society. The charity reported a net deficit of £394,522 for the year ended 31 October 2024, resulting in total funds of £1,895,585. Free reserves of £166,000 were below the stated policy target range of £234,000 to £468,000, though trustees do not consider this a cause for concern given the planned transfer. Its FY2024 accounts were audited by Azets Audit Services.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
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Side by side with its peers
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