Finance Score: 2

Governance Score: -7

Support Score: 3

Excess liquidity: -1
Fundraising costs low: +3

Only 3 Trustees: -2
Narrow trustee age band: -2
All female board: -3

Grant maker support: +3

Overall GiG Score: -2

FARNEY CLOSE SCHOOL LTD

Special education - EBD school

Analysis by Giving is Great

Positives:

There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
There are only 3 trustees
The Board is completely female
The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income

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
31/08/22		£4,311	£3,742	£569	£3	£5,501	£5,473	17.6	77
31/08/21		£3,569	£3,465	£104	£3	£4,932	£4,919	17	73
31/08/20		£3,320	£3,534	£-213	£3	£4,736	£4,710	16	85
31/08/19		£3,342	£3,222	£121	£9	£4,949	£4,910	18.3	78
31/08/18		£3,068	£3,148	£-79	£3	£4,828	£4,783	18.2	60
31/08/17		£3,079	£3,260	£-181	£3	£4,908	£4,868	17.9	69
31/08/16		£3,175	£3,190	£-15	£5	£5,286	£5,252	19.8	76
31/08/15		£3,247	£3,175	£72	£23	£5,312	£5,268	19.9	74
31/08/14		£3,582	£3,195	£387	£22	£5,240	£5,138	19.3	78
31/08/13		£3,167	£2,982	£185	£19	£4,839	£4,728	19	73
31/08/12		£3,156	£2,940	£217	£25	£4,555	£4,543	18.5	71
31/08/11		£3,432	£2,935	£498	£25	£4,338	£4,327	17.7	72
31/08/10		£3,429	£2,878	£551	£24	£3,941	£3,829	16	72
31/08/09		£3,421	£2,896	£526	£32	£3,390	£3,367	14	69
31/08/08		£3,018	£2,742	£276	£30	£2,864	£2,851	12.5	72
31/08/07	*	£3,088	£2,666	£422	£28	£2,588	£2,552	11.5	70
31/08/06		£2,641	£2,589	£52	£0	£0	£0	n/a	0
31/08/05		£2,643	£2,114	£529	£0	£0	£0	n/a	0
31/08/04		£2,338	£2,158	£180	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.1%
Fundraising Costs/Total Spending: 0.1%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 26%
Liabilities/Income: 44%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 17.6 months
Net Current Assets/Spending: 7 months
Quick Ratio: 1.8

Asset Split ?

Established: 57 years
(69 years as a company)

www.farneyclose.co.uk

ACCOUNTS@FARNEYCLOSE.CO.UK

01444881811

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Secondary schools

How it operates

Provides services

Where it operates

West Sussex,

Who it helps

Children/Young People

Who works here?

77 employees

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
Department for Business, Energy and Industrial Strategy - Pro-Safe Completion & Full Exploitation
£50,000	01/06/2020	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=74554
Department for Business, Energy and Industrial Strategy - Development of an advanced body protection system for sports employing air, foam and exocage technologies. Pro-SAFE
£130,817	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=32695

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 64-74

CAROLE JOHNS (Chair) Appointed: 2018, Occupation: Retired

NICOLA BARTHOLOMEW Appointed: 2020, Occupation: Retired

SUE DEANE Appointed: 2015, Occupation: Retired Legal Secretary

Legal constitution

Charity registered in England & Wales on 10/03/1967, number: 307024
Registered at Companies House on 10/01/1955, number: 00543113

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR07: 50 days late,

Main office

FARNEY CLOSE SCHOOL LTD
BOLNEY COURT
CROSSWAYS
BOLNEY
HAYWARDS HEATH
RH17 5RD

Objectives

The objects of the Charity (Objects) are to promote and provide for the advancement of education and in connection therewith, to conduct, carry on, organise and develop in the United Kingdom any boarding or day school or schools for the education of children of either or both sexes but so that each such school shall be carried on as an educational charity.

Defined Area of Benefit:

NOT DEFINED

Data Sources