FAROS FOUNDATION
The objects of the charity are, for the public benefit, to advance education, research and training in particular, but not limited to, in relation to the nature and uses of open source data and data management in the fields of security and public policy.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £25,907 for the year ended 28 February 2025, with total unrestricted funds carried forward amounting to £28,410. The trustees confirm that the organization will continue in operational existence for the foreseeable future, supported financially by its member, Ridgeway Information Ltd. No reserves policy target is currently stated by the charity.
What the accounts disclose
“Included within other creditors is £10,136 (2024 - £23,161) owed from the charity to Ridgeway Information Ltd in respect of transactions throughout the year. Included within consultancy expenses is £151,117 (2024 - £149,151) for purchases made by FAROS Foundation from Ridgeway Information Ltd.” — page 19
Trustees
- Prof Jill Manthorpechair
- Peter Richard Lloyd
- Professor Michael Clarke
- Robert Adrian Alexa
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £317k | £291k |
| 29/02/2024 | £249k | £243k |
| 28/02/2023 | £0 | £1k |
| 28/02/2022 | £0 | £1k |
| 28/02/2021 | £0 | £1k |
Common questions
Is FAROS FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £25,907 for the year ended 28 February 2025, with total unrestricted funds carried forward amounting to £28,410. The trustees confirm that the organization will continue in operational existence for the foreseeable future, supported financially by its member, Ridgeway Information Ltd. No reserves policy target is currently stated by the charity. Its FY2025 accounts were independently examined.