THE GOLSONCOTT FOUNDATION
The Foundation's aim is to promote the arts generally and in particular the fine arts and music - the key criterion is excellence. Projects involving young people should offer a long-lasting connection between them and the art-form and a significant level of participation and achievement at a high standard.
Objects
TO PROMOTE MAINTAIN IMPROVE AND ADVANCE THE EDUCATION OF THE PUBLIC IN THE ARTS GENERALLY AND IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING IN THE FINE ARTS AND MUSIC.
Financial health, per its FY2025 accounts
The accounts state that net assets increased to £3,159,288, driven by a capital gain of £188,701 which offset a net income loss of £14,147. The trustees maintain a policy of holding approximately £50,000 in cash reserves to ensure six months of grant-making continuity. The independent examiner reported no matters requiring attention, confirming compliance with accounting records and regulations.
What the accounts disclose
“Investment income 107,094” — page 5
“An interest-bearing cash balance approximating to a £50,000 is held in the current account. All grants and expenses are paid from this account, which also amounts to a reserve; thus allowing the foundation to continuc its grant-making activitics for six months”
“A grant of £3000 was made to the Dunster Festival during the year; the unpaid artistic directors Rory McCleary and Rachel Wick arc the son-in-law and daughter of the Trustees Stephen Wick and Jo Lively.” — page 11
Policies the charity declares
- 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
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/06/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2023
- Grant-making is its main activity
Funders the charity credits
- Heritage Lottery Foundation
Trustees
- JO LIVELYchair
- Eliza Thompson
- Emilio Salice
- Izzy Wick
- STEVE WICK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £109k | £123k |
| 30/06/2024 | £111k | £108k |
| 30/06/2023 | £103k | £99k |
| 30/06/2022 | £87k | £104k |
| 30/06/2021 | £80k | £75k |
Common questions
Is THE GOLSONCOTT FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that net assets increased to £3,159,288, driven by a capital gain of £188,701 which offset a net income loss of £14,147. The trustees maintain a policy of holding approximately £50,000 in cash reserves to ensure six months of grant-making continuity. The independent examiner reported no matters requiring attention, confirming compliance with accounting records and regulations. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Goldsmiths' Foundation | 2 | £9.9m |
| THE GOLDSMITHS CENTRE | 1 | £78k |
| MANCHESTER CITY GALLERIES TRUST | 1 | £36k |
| THE GROCERS' CHARITY | 1 | £5k |
| LONDON CATALYST | 1 | £5k |
| THE HABERDASHERS' FOUNDATION | 1 | £3k |
Charities like this
- THE FOUNDATION FOUNDATION
- SYDENHAM ARTS LTD
- THE POLONSKY FOUNDATION
- THE FREELANDS FOUNDATION LIMITED
- THE GOLDSMITHS' CRAFT AND DESIGN COUNCIL
- THE POSK FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE GOLSONCOTT FOUNDATION | £109k | — | 0 | unclear | — | no doubt |
| THE FOUNDATION FOUNDATION | £177k | — | 0 | above | — | no doubt |
| SYDENHAM ARTS LTD | £34k | — | 0 | unclear | — | noted |
| THE POLONSKY FOUNDATION | £24.9m | — | 0 | unclear | — | no doubt |
| THE FREELANDS FOUNDATION LIMITED | £114k | £150,000 - £199,999 | 3 | unclear | — | no doubt |
| THE GOLDSMITHS' CRAFT AND DESIGN COUNCIL | £193k | — | 0 | above | — | no doubt |