SAMUEL LEWIS FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the Group and its subsidiary charities reported adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding going concern. While the parent Group reported a surplus, one subsidiary, Hewitt Homes, recorded a deficit for the year, though net assets remained positive across all entities.
What the accounts disclose
“The policy of the Trustee is therefore to use best value principles in providing services and maintaining the properties at an operational level, in order to provide sufficient reserves to deal with large items of maintenance expenditure when they become due.” — page 36
“Southern Housing is the sole Corporate Trustee of the Charity. The Southern Housing Board is responsible for the strategic management and good governance of Eason Gruaz Homes on behalf of the Trustee, whilst operational management has been delegated to the Chief Executive and staff of Southern Housing by the Trustee. Southern Housing provides support services such as risk management; IT, financial services and facilities management to Eason Gruaz Homes.” — page 17
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- SOUTHERN HOUSING
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.2m | £1.4m |
| 31/03/2024 | £1.8m | £307k |
| 31/03/2023 | £1.9m | £163k |
| 31/03/2022 | £1.7m | £58k |
| 31/03/2021 | £1.8m | £839k |
Common questions
Is SAMUEL LEWIS FOUNDATION financially healthy?
The accounts state that the Group and its subsidiary charities reported adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding going concern. While the parent Group reported a surplus, one subsidiary, Hewitt Homes, recorded a deficit for the year, though net assets remained positive across all entities. Its FY2025 accounts were audited by BDO LLP.