Farney Educational Trust
Financial health, per its FY2023 accounts
The accounts state that the charity reported a surplus on unrestricted funds of £256,868, increasing total unrestricted funds to £5,729,212. Free reserves were stated at £1,425,232, while the charity noted it needs to maintain reserves to cope with uncertainties over student numbers and funding. The financial review highlights that the most significant financial risk concerns the cost of providing services not being fully matched by income from fees.
What the accounts disclose
Leadership, per the charity’s website
- Sara Hack — Principal
- Raymond Lau — Vice Principal
- James Mills — Head of Education
- Jason Maynard — Head of Residential
- Becky Clements — Head of Behaviour & Attitudes
- Alexia Yang — Business Manager
Funders the charity credits
- Wooden Spoon
- ACT Foundation
- The Garfield Weston Foundation
- The Big Lottery Fund
- The Wolfson Foundation
- The Peter Harrison Foundation
- The Openwork Foundation
- Get-Well Gamers
- The Hedley Foundation
- Wellesley Charitable Foundation
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Nicola Bartholomewchair
- Alan Smith
- Richard Neil Johnson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £5.8m | £4.9m |
| 31/08/2024 | £5.1m | £4.6m |
| 31/08/2023 | £4.3m | £4.0m |
| 31/08/2022 | £4.3m | £3.7m |
| 31/08/2021 | £3.6m | £3.5m |
Common questions
Is Farney Educational Trust financially healthy?
The accounts state that the charity reported a surplus on unrestricted funds of £256,868, increasing total unrestricted funds to £5,729,212. Free reserves were stated at £1,425,232, while the charity noted it needs to maintain reserves to cope with uncertainties over student numbers and funding. The financial review highlights that the most significant financial risk concerns the cost of providing services not being fully matched by income from fees. Its FY2023 accounts were audited by TC Group.