THE FINCHLEY CHARITIES
The Finchley Charities, established in 1488, administer 172 flats for older persons on three estates in the Finchley area. Applicants should be over 55, in housing need, have limited means and have lived in the London Borough of Barnet for at least five years. Financial assistance may be granted to individuals or organisations in relieving persons in the area of benefit in need or hardship.
Objects
1) THE PROVISION OF ACCOMMODATION FOR BENEFICIARIES, AND ALLOTMENTS FOR THE BENEFIT OF PERSONS OF LIMITED MEANS IN THE AREA OF BENEFIT;AND 2)SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEES DECIDE. 3)RELIEF IN NEED FOR PERSONS IN THE AREA OF BENEFIT WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS BY MAKING GRANTS OF MONEY OR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES CALCULATED TO REDUCE THE NEED, HARDSHIP OR DISTRESS OF SUCH PERSONS. 4)PAYMENTS TO PARISH CHURCHES SITUATED IN THE ANCIENT PARISH OF FINCHLEY.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus for the year of £122,131, driven by a significant gain on the disposal of investments. Free reserves were reported at £1,155,355, which the trustees consider adequate to meet their policy target of maintaining three to six months of expenditure. The charity continues to invest heavily in property maintenance, resulting in a housing activity deficit, but maintains high occupancy rates and strong investment performance.
What the accounts disclose
“Income from Housing 2,018,916” — page 13
“The Trustees aim to maintain the free reserves at a level of 3-6 months of expenditure.” — page 7
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Employees paid over £60,000: 2 (£60,001–£70,000: 1; £80,001–£90,000: 1)
Self-declared on the annual return for the financial year ending 31/03/2024
- Employees paid over £60,000: 1 (£90,001–£100,000: 1)
Self-declared on the annual return for the financial year ending 31/03/2023
- Employees paid over £60,000: 1 (£60,001–£70,000: 1)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Richard Merrinchair
- Chinyere Ugwu
- Daniel Jaffe
- David Bowen
- Helen Gordon
- John Welch
- Jules Bickers
- Leila Satar
- Nigel Benjamin
- REV PHILIP DAVISON
- Rabbi DANIEL RICH
- Susanna Morales
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.4m | £2.4m |
| 31/03/2024 | £2.3m | £2.0m |
| 31/03/2023 | £2.1m | £2.1m |
| 31/03/2022 | £2.5m | £2.1m |
| 31/12/2020 | £2.0m | £1.7m |
Common questions
Is THE FINCHLEY CHARITIES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus for the year of £122,131, driven by a significant gain on the disposal of investments. Free reserves were reported at £1,155,355, which the trustees consider adequate to meet their policy target of maintaining three to six months of expenditure. The charity continues to invest heavily in property maintenance, resulting in a housing activity deficit, but maintains high occupancy rates and strong investment performance. Its FY2025 accounts were audited by Brindley Millen Ltd.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/03/2024 | £20k | The Finchley Charities Fuel Land Allotments Accessible Toilet |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SUNNY SKIES FOUNDATION | 1 | £10k |
| THE J A R CHARITABLE TRUST | 1 | £2k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FINCHLEY | 1 | £1k |
Charities like this
- LANGLEY MARISH UNITED CHARITIES
- FINCHLEY FOODBANK
- LANCELOT HASLUCK TRUST
- RICHMOND CHARITIES
- FARLEY HOSPITAL
- HEADLEY PITT TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE FINCHLEY CHARITIES | £2.4m | — | — | within | — | no doubt |
| LANGLEY MARISH UNITED CHARITIES | £179k | — | 0 | above | — | no doubt |
| FINCHLEY FOODBANK | £278k | — | 0 | above | — | no doubt |
| LANCELOT HASLUCK TRUST | £226k | — | 0 | unclear | — | no doubt |
| RICHMOND CHARITIES | £4.9m | £60,001 - £70,000 | 4 | above | — | no doubt |
| FARLEY HOSPITAL | £88k | — | 0 | unclear | — | no doubt |