THE FARADAY INSTITUTION
Research, training and policy advice in the fields of energy capture, conversion and storage.
Latest income
£33.3m
Latest spending
£32.9m
Registered
2018
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported total income of £33.3 million and unrestricted reserves of £562,436. The Trustees confirmed sufficient funds to continue activities until March 2027, with no material uncertainties identified regarding going concern.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy (held: £562k)
“Based on the risk profile of the charity, and its ability to manage and forecast cash flow, the Trustees believe this sum provides sufficient reserves to manage the risk. This reserves target is likely to change year-on-year with the payment profiles and will therefore be reassessed on a regular basis.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
In the news
- Faraday Institution and Japan Science and Technology Agency sign Memorandum of Cooperation on battery research
- The Faraday Institution: An invitation to the scientists who will power our future
- Electric trucks will dominate commercial market as battery costs fall, says Faraday Institution report
- STFC and Faraday Institution collaborate to supercharge battery development with AI
- Faraday Institution Honours Leicester Team for Battery Recycling Innovation
- UCL Chemical Engineering success at the Faraday Institution Awards 2025
- Professor Rachel O’Reilly joins the Faraday Institution’s Board of Trustees
- Agratas and Faraday Institution join forces to boost UK battery sector talent
Leadership, per the charity’s website
- Martin Freer — CEO
- Steven Cowley — Chair of the Board of Trustees
- Catherine Callow — Chief Operating Officer
- Matthew Howard — Chief Strategy Officer
- Sir Peter Bruce — Chief Scientist
- Stephen Gifford — Chief Economist
- Ian Ellerington — Technology Transfer Director
- Nick Smailes — Special Projects Director
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Total income
£33.3m
Total spending
£32.9m
Reserves (reported)
£323k
Employees
26
Trustees
- Dr Esther Taylor
- Dr Fabrice Stassin
- Dr Steven Charles Cowley
- Dr Venkat Srinivasan
- Hanno Kirner
- Isobel Sheldon OBE
- Mark Christopher Newman
- Professor Dame Lynn Gladden
- Professor Neville Stuart Jackson
- Professor Rachel O'Reilly
- Robin Charles Brundle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £33.3m | £32.9m |
| 31/03/2024 | £29.0m | £32.9m |
| 31/03/2023 | £34.5m | £33.3m |
| 31/03/2022 | £30.2m | £28.4m |
| 31/03/2021 | £24.3m | £26.5m |
Common questions
Is THE FARADAY INSTITUTION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported total income of £33.3 million and unrestricted reserves of £562,436. The Trustees confirmed sufficient funds to continue activities until March 2027, with no material uncertainties identified regarding going concern. Its FY2025 accounts were audited by Crowe U.K. LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 21/10/2022 | £22.2m | The Faraday Institution Phase 2 (107522) - F/Y2022-23 F/Y2024-25 |
| UK government | 21/10/2022 | £21.0m | The Faraday Institution Phase 2 (107522) - F/Y2022-23 F/Y2024-25 |
| UK government | 01/04/2022 | £1.8m | SI Faraday Training |
| UK government | 01/04/2022 | £542k | 204867-111 TEA - Battery Challenge via Faraday Institution |
| UK government | 01/04/2022 | £532k | 204867-111 TEA - Battery Challenge via Faraday Institution |
| UK government | 01/04/2022 | £31.4m | The Faraday Institution |
| UK government | 11/05/2018 | £1.5m | SI Faraday Training |
| UK government | 11/05/2018 | £804k | SI Faraday Training |
| UK government | 19/02/2018 | £1.6m | The Faraday Institution |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DINA PERELMAN TRUST LIMITED | 1 | £2.2m |
| KEREN AMHA LIMITED | 1 | £45k |
| MAYFAIR CHARITIES LIMITED | 1 | £21k |
| STRAWBERRY CARE FOUNDATION LIMITED | 1 | £12k |
| E AND E KERNKRAUT CHARITIES LIMITED | 1 | £10k |
| MOSDOS HATORAH PNEI MENACHEM LTD | 1 | £10k |
Charities like this
- MAISON DE L'INSTITUT DE FRANCE A LONDRES (FONDATION EDMOND DE ROTHSCHILD)
- Farraday House Limited
- ENERGY INSTITUTE
- RATANBEN ZAVERCHAND KARA FOUNDATION
- BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS
- STANFORD FOUNDATION (UK) LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE FARADAY INSTITUTION | £33.3m | — | — | below | — | no doubt |
| MAISON DE L'INSTITUT DE FRANCE A LONDRES (FONDATION EDMOND DE ROTHSCHILD) | £223k | — | 0 | above | — | no doubt |
| Farraday House Limited | £539k | — | 0 | above | — | no doubt |
| ENERGY INSTITUTE | £11.0m | — | — | unclear | — | no doubt |
| RATANBEN ZAVERCHAND KARA FOUNDATION | £162k | — | 0 | above | — | no doubt |
| BRITISH FRIENDS OF THE CHAZON ISH INSTITUTIONS | £110k | — | 0 | unclear | — | no doubt |