THE LOUNGE FOUNDATION
The Charity will provide grants to individuals and organisations in pursuance of its objects. Forindividuals, grants will be made subject to the applicant demonstrating a charitable need. Fororganisations, grants will be made to organisations which are registered charities or which qualify ascharities under the law of England and Wales.
Objects
THE OBJECTS OF THE CIO ARE TO ADVANCE SUCH CHARITABLE PURPOSES (ACCORDING TO THE LAW OF ENGLAND AND WALES) AS THE CHARITY TRUSTEES SEE FIT FROM TIME TO TIME.
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
“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
Policies the charity declares
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
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?
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. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMATEURS TRUST | 1 | £115k |
| THE PRIORY FOUNDATION | 1 | £33k |
| THE EDWARD GOSTLING FOUNDATION | 1 | £10k |
Charities like this
- THE LOFTHOUSE FOUNDATION
- BEDFORDSHIRE AND LUTON COMMUNITY FOUNDATION
- S P LOHIA FOUNDATION
- THE GRANT FOUNDATION
- THE LANCASHIRE FOUNDATION
- FOUX FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LOUNGE FOUNDATION | £285k | — | 0 | unclear | — | no doubt |
| THE LOFTHOUSE FOUNDATION | £66.3m | £342,625 | 1 | above | — | no doubt |
| BEDFORDSHIRE AND LUTON COMMUNITY FOUNDATION | £5.3m | Over £60,000 | 1 | unclear | 5.3% | no doubt |
| S P LOHIA FOUNDATION | £1.5m | — | 0 | above | — | no doubt |
| THE GRANT FOUNDATION | £185k | — | 0 | within | — | no doubt |
| THE LANCASHIRE FOUNDATION | £956k | — | 0 | above | — | no doubt |