THE LOUNGE FOUNDATION
Latest income
£285k
Latest spending
£216k
Registered
2023
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £410,719, with no stated reserves policy target. The charity is heavily dependent on annual funding from Lounge Underwear Limited, which provided £272,603 in donations, and the trustees confirm no material uncertainties exist regarding going concern.
What the accounts disclose
Related-party transaction: Lounge Underwear Limited donated £272,603 to the Foundation. Trustees M Marsden and D Marsden are also directors of Lounge Underwear Limited.
“M Marsden and D Marsden, trustees, are also directors of Lounge Underwear Limited. During the year, Lounge Underwear Limited donated £272,603 (Period ended 30 June 2024: £394,541) to the Foundation.” — page 23
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- Daniel Taylor Marsdenchair
- Melanie Sian Marsden
- Ryan Southall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £285k | £216k |
| 30/06/2024 | £396k | £54k |
Common questions
Is THE LOUNGE FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £410,719, with no stated reserves policy target. The charity is heavily dependent on annual funding from Lounge Underwear Limited, which provided £272,603 in donations, and the trustees confirm no material uncertainties exist regarding going concern. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMATEURS TRUST | 1 | £90k |
| THE PRIORY FOUNDATION | 1 | £28k |