ASPECT LIVING FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity finished the seventh financial year in a strong financial position with a net surplus of £65,434 and free reserves of £413,697. Per the trustees' report, the charity is debt-free and has adequate resources to continue in operation for the foreseeable future. The trustees confirmed that the going concern basis of accounting is appropriate.
What the accounts disclose
“The target level of free reserves is £350,000 (equivalent to approximately 3 months of operational costs)”
Structured financials (annual return, FY ending 30/04/2025)
Trustees
- LEE TAYLORchair
- LYNN KEMP
- SARAH ANN SHARLOTT
- SUSAN RENAUT
- Tess Arisrtodemou
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £1.4m | £1.3m |
| 30/04/2024 | £1.3m | £1.2m |
| 30/04/2023 | £1.2m | £1.1m |
| 30/04/2022 | £1.1m | £931k |
| 30/04/2021 | £1.0m | £871k |
Common questions
Is ASPECT LIVING FOUNDATION financially healthy?
The accounts state that the charity finished the seventh financial year in a strong financial position with a net surplus of £65,434 and free reserves of £413,697. Per the trustees' report, the charity is debt-free and has adequate resources to continue in operation for the foreseeable future. The trustees confirmed that the going concern basis of accounting is appropriate. Its FY2025 accounts were audited by SCB (Accountants) Limited.