Farraday House Limited

Registered charity 223716 · accounts filings on the Charity Commission register · also known as ABBEYFIELD BURY SOCIETY LTD

We provide a friendly home environment, for the elderly, for sheltered and independent living.

Objects

TO RELIEVE AGED, IMPOTENT AND POOR PEOPLE OF ALL CLASSES, FOR THE ADVANCEMENT OF RELIGION AND EDUCATION AND FOR OTHER CHARITABLE PURPOSES BENEFICIAL TO THE COMMUNITY. FOR DETAILS SEE MEMORANDUM AND ARTICLES OF ASSOCIATION

Area of benefit: BURY AND ELSEWHERE

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Accommodation/housing · Get email alerts

Latest income
£539k
Latest spending
£499k
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The charity reported a surplus for the year and holds unrestricted reserves of £1,942,504, which significantly exceed its stated policy target of £134,769. The trustees confirmed adequate resources for the foreseeable future, noting that high reserve levels are a legacy of past property sales.

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

What the accounts disclose

Largest income source: none
“The majority of income is derived from rents received from residents of the 33 units of supported housing available.” — page 2
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: a minimum of 25% of annual income (held: £1.9m)
“The level of reserves required according to the reserves policy will vary depending upon any new projects, but is considered to be a minimum of 25% of annual income. This would be £134,769 based on annual income for the year to 30 September 2025.” — page 2
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Note 23
“David Wolfenden, who is a trustee of the charity, is a self-employed decorator and during the year the charity paid £690 (2024: £1,405) to him for decorating services.” — page 24
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Homes England. This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Structured financials (annual return, FY ending 30/09/2025)

Total income
£539k
Total spending
£499k
Reserves (reported)
£1.9m
Employees
11

Reported reserves equal ~46.7 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 (98% 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).

Trustees · trustee networks

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

Operates in: Bury

Income and spending

Financial year endIncomeSpending
30/09/2025£539k£499k
30/09/2024£512k£479k
30/09/2023£473k£434k
30/09/2022£456k£403k
30/09/2021£418k£398k

Common questions

Is Farraday House Limited financially healthy?

Per its FY2025 accounts: The charity reported a surplus for the year and holds unrestricted reserves of £1,942,504, which significantly exceed its stated policy target of £134,769. The trustees confirmed adequate resources for the foreseeable future, noting that high reserve levels are a legacy of past property sales. Its FY2025 accounts were independently examined.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE FARRER TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
Farraday House Limited£539k—0above—no doubt
THE FARRER TRUST FY2025£238k—0unclear—no doubt
FAIRFIELD RESIDENTIAL HOME FY2025£2.8mmore than £60,0001unclear—no doubt
THE FARRER FAMILY TRUST FY2025£282k—0above—no doubt
FARRER AND CO CHARITABLE TRUST FY2025£102k—0below—no doubt
PEACEHAVEN HOUSE FY2024£2.4m—1unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.