Farraday House Limited
We provide a friendly home environment, for the elderly, for sheltered and independent living.
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.
What the accounts disclose
“The majority of income is derived from rents received from residents of the 33 units of supported housing available.” — page 2
“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
“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
Structured financials (annual return, FY ending 30/09/2025)
Trustees
- Bob Bibby
- Catherine McAleese
- Christopher Fogg
- Elaine Shirt
- Ian Schofield
- Lesley Howorth
- Robert Caserta
- Yvonne Creswell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
- THE FARRER TRUST
- FAIRFIELD RESIDENTIAL HOME
- THE FARRER FAMILY TRUST
- FARRER AND CO CHARITABLE TRUST
- PEACEHAVEN HOUSE
- FOORD ALMSHOUSES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Farraday House Limited | £539k | — | 0 | above | — | no doubt |
| THE FARRER TRUST | £238k | — | 0 | unclear | — | no doubt |
| FAIRFIELD RESIDENTIAL HOME | £2.8m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| THE FARRER FAMILY TRUST | £282k | — | 0 | above | — | no doubt |
| FARRER AND CO CHARITABLE TRUST | £102k | — | 0 | below | — | no doubt |
| PEACEHAVEN HOUSE | £2.4m | — | 1 | unclear | — | no doubt |