THE HOLSOME FOUNDATION
Provide relief and support to people affected by mental illness throughout England and Wales. Provide relief and support to serving military personnel, veterans and their families who are in conditions of need by reason of youth, age, ill-health, disability or financial hardship.Any organisation that promotes any charitable purpose for the benefit of the community in the county of Devon.
Financial health, per its FY2025 accounts
The accounts state that the charity holds total funds of £5,064,236, with free reserves of £59,820. The trustees report that these reserves exceed their stated policy target of covering two months of expected grant expenditure. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustee has adopted a policy to maintain free reserves (unrestricted funds represented by cash) at a level sufficient to cover at least two months of expected grant expenditure” — page 6
“The initial donation of £5,050,000 was made from a family trust, the Trustees of which are common directors with the Corporate Trustee.” — page 22
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- Hulme Trustee Ltd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £5.1m | £27k |
Common questions
Is THE HOLSOME FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds total funds of £5,064,236, with free reserves of £59,820. The trustees report that these reserves exceed their stated policy target of covering two months of expected grant expenditure. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by WR Partners.