Finance Score: -3

Governance Score: 0

Support Score: 3

Liabilities <10%: +3
Excess reserves: -4
Multiple Deficits and declines: -5
Fundraising costs low: +3

No volunteer policy: -2
12+ Trustees: -1
Good trustee age range: +3

Grant maker support: +3

Overall GiG Score: 0

THE FARADAY INSTITUTE FOR SCIENCE AND RELIGION

The Charity's objects are to advance education in the field of science and religion by carrying out research in all aspects of that subject, publishing the useful results in academic journals and books and improving the public understanding of issues in the field of science and religion by disseminating research results.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

Although this charity works with volunteers it does not have a Volunteer Management policy
One or more trustees receive payments or benefits from the charity for providing services to the charity
There are 15 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £2,912,146 available, equivalent to 43 months of spending and so may not be able to utilise additional funding
Income has been volatile and on several occasions in recent years less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£757	£810	£-53	£0	£3,339	£2,912	43.1	16	40
31/03/22		£752	£846	£-95	£0	£3,459	£2,729	38.7	17	4
31/03/21		£496	£842	£-346	n/a	n/a	n/a	n/a	n/a	0
31/03/20		£1,403	£1,091	£313	£9	£3,619	£2,481	27.3	12	1
31/03/19		£903	£797	£106	£11	£3,391	£2,461	37	14	20
31/03/18		£2,478	£303	£2,175	£10	£2,873	£2,311	91.6	2	0
31/03/17		£337	£58	£279	£0	£0	£0	n/a	0	0
31/03/16		£415	£71	£344	£0	£0	£0	n/a	0	0
31/03/15		£54	£1	£54	£0	£0	£0	n/a	0	0
31/03/14	*	£19	£0	£19	£0	£0	£0	NAN	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.9%
Fundraising Costs/Total Spending: 0.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 2%
Liabilities/Income: 8%
Unrestricted Funds/Total Funds: 87%
Reserves/Spending: 43.1 months
Net Current Assets/Spending: 18 months
Quick Ratio: 15.2

Asset Split ?

Established: 11 years

www.faraday.cam.ac.uk

dra24@cam.ac.uk

01223246696

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Religious Activities

GiG Classification

Scientific research and testing services

How it operates

Provides advocacy/advice/information
Provides services
Sponsors or undertakes research

Where it operates

Cambridgeshire,

Who it helps

The General Public/Mankind

Who works here?

16 employees
40 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Joseph Rank Trust - The Faraday Institute
£60,000	27/01/2022	To part fund the Youth and Schools programme

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (15)

Current Trustees appointed

Gender Split

Age Range of Trustees: 49-78

DR CHRISTINE MARY RUTHERFORD NISBET Appointed: 2021, Occupation: Retired

DR DIANE LORRAINE LISTER Appointed: 2023, Occupation: Research Manager

DR NORMAN MACASKILL FRASER Appointed: 2023, Occupation: It Entrepreneur

REVD DR RODNEY DENNIS HOLDER FRAS, FIMA Appointed: 2013

CHRISTOPHER TOWNSEND Appointed: 2017, Occupation: Solicitor, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY SEPULCHRE CAMBRIDGE,

DR ANDREW PAUL DAVISON Appointed: 2018, Occupation: University Lecturer, Other trusteeship: COLLEGE OF CORPUS CHRISTI AND OF THE BLESSED VIRGIN MARY IN THE UNIVERSITY OF CAMBRIDGE,

DR HARVEY THOMAS MCMAHON Appointed: 2019, Occupation: Research Scientist

GRAHAM STEPHEN BUDD Appointed: 2018, Occupation: Company Director, Other trusteeships: THE AIDAN CHARITABLE TRUST, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, CAMBRIDGE,

POLLY STANTON Appointed: 2018, Occupation: Retired, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LITTLE SHELFORD,

PROF ROBERT STEPHEN WHITE FRS (Chair) Appointed: 2013, Other trusteeship: SHELFORD GOSPEL TRUST,

PROFESSOR RUSSELL PAUL COWBURN Appointed: 2017, Occupation: Professor, Other trusteeship: THE MASTER AND FELLOWS OF DARWIN COLLEGE IN THE UNIVERSITY OF CAMBRIDGE,

DR DENIS RAVEN ALEXANDER Appointed: 2013, Occupation: Scientist, Other trusteeship: CAMBRIDGE PAPERS LIMITED,

DR JIMMY SUEN YAN CHAN Appointed: 2017, Occupation: Investment Analyst, Other trusteeships: HUGHES HALL IN THE UNIVERSITY OF CAMBRIDGE, ALLAN & GILL GRAY PHILANTHROPY,

DR REBECCA CLARE FITZGERALD Appointed: 2021, Occupation: Clinician Scientist, Other trusteeships: THE LISTER INSTITUTE OF PREVENTIVE MEDICINE, HEARTBURN CANCER UK,

PROFESSOR JOHN STANLEY HILL GASTON Appointed: 2013, Occupation: Professor Of Rheumatology, Other trusteeships: CHARITY OF WILLIAM WESTLEY, CAMBRIDGE ARTHRITIS RESEARCH ENDEAVOUR (CARE),

Legal constitution

Charitable company registered in England & Wales on 06/09/2013, number: 1153702
Registered at Companies House on 01/03/2013, number: 08426223

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
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
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

10 returns made; AR14: 263 days late,

Main office

The Faraday Institute
The Woolf Building
Madingley Road
Cambridge
CB3 0UB

Objectives

THE CHARITY’S OBJECTS ARE, FOR THE PUBLIC BENEFIT, TO ADVANCE EDUCATION IN THE FIELD OF SCIENCE AND RELIGION BY CARRYING OUT RESEARCH IN ALL ASPECTS OF THAT SUBJECT, PUBLISHING THE USEFUL RESULTS IN ACADEMIC JOURNALS AND BOOKS AND IMPROVING THE PUBLIC UNDERSTANDING OF ISSUES IN THE FIELD OF SCIENCE AND RELIGION BY DISSEMINATING RESEARCH RESULTS MORE WIDELY BEYOND THE ACADEMIC COMMUNITY AND THROUGH LECTURES, COURSES AND THE PUBLICATION OF OTHER EDUCATIONAL RESOURCES, AND TO ADVANCE SUCH CHARITABLE PURPOSES (ACCORDING TO THE LAW OF ENGLAND AND WALES) AS THE TRUSTEES SEE FIT FROM TIME TO TIME WHICH ARE CONNECTED WITH THE CHARITABLE PURPOSE STATED ABOVE. THE CHARITY HAS A CHRISTIAN ETHOS, AND ACCORDINGLY IN FURTHERING THE ABOVE OBJECTS THE MAIN FOCUS OF ITS RESEARCH WORK IS ON THE RELATIONSHIP BETWEEN SCIENCE AND THE CHRISTIAN FAITH, AND IT SHALL EMPHASISE THE EDUCATION OF THE CHRISTIAN COMMUNITY IN ISSUES OF SCIENCE AND FAITH, BUT SHALL ALSO WELCOME AND SEEK TO ENGAGE WITH A WIDE VARIETY OF OTHER FAITH TRADITIONS, AND WITH THOSE OF ANY FAITH OR NONE.

Data Sources