THE HOLMES FOUNDATION
To provide housing and annual outings for the over 60's of Arundel.
Objects
THE ACCOMMODATION OF AGED AND DESERVING PERSONS PREVIOUSLY LIVING IN THE BOROUGH OF ARUNDEL.
Financial health, per its FY2025 accounts
The accounts state that expenditure exceeded income for the second consecutive year due to reduced rental income and major renovation costs. Despite this deficit, the trustees consider the Foundation’s financial position to be very healthy. The charity holds unrestricted reserves of £105,803 to cover future maintenance and potential portfolio additions.
What the accounts disclose
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- JAMES STEWART DEANchair
- Carole Ann Dean
- GEOFFREY THOMAS ALLEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £27k | £61k |
| 31/03/2024 | £27k | £52k |
| 31/03/2023 | £31k | £21k |
| 31/03/2022 | £31k | £26k |
| 31/03/2021 | £31k | £19k |
Common questions
Is THE HOLMES FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that expenditure exceeded income for the second consecutive year due to reduced rental income and major renovation costs. Despite this deficit, the trustees consider the Foundation’s financial position to be very healthy. The charity holds unrestricted reserves of £105,803 to cover future maintenance and potential portfolio additions. Its FY2025 accounts were independently examined.