Farraday House Limited
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
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
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
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
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 | more than £60,000 | 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 |