Gartmore House
Latest income
£632k
Latest spending
£882k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity incurred a deficit of £249,828 for the year ended 31 July 2025, continuing a trend of losses attributed to the lingering effects of the COVID-19 pandemic. Per the trustees' report, unrestricted free reserves are negative at £2,551,415, and current liabilities exceed current assets by £512,852, creating a material uncertainty regarding the charity's ability to continue as a going concern. The charity remains reliant on continued bank support and loan creditor facilities to meet its obligations.
What the accounts disclose
Going concern: material uncertainty disclosed
“These conditions indicates that a material uncertainty exists the may cast significant doubt on the charitable company's ability to continue as a going concern.” — page 7
Per FY2025 accounts as filed with OSCR.
Payments to trustees: Peter Sunderland received £28,579 in remuneration (salary, social security, pension) for services as Chief Executive.
“As permitted by the Memorandum and Articles of Association, the director, Peter Sunderland, was remunerated in his role as Chief Executive as detailed above.” — page 19
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Consultancy fees paid to ACS Consultancy, a business controlled by Andrew Sunderland.
“During the year under review the charitable company paid consultancy fees of £8,400 to ACS Consultancy being a business under the control of Andrew Sunderland.” — page 25
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Director Peter Sunderland received remuneration of £28,579 (salary, SS, pension) for services as Chief Executive.
“During the year under review the charitable company paid consultancy fees of £8,400 to ACS Consultancy being a business under the control of Andrew Sunderland.” — page 25
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Director Peter Taylor advanced £220,000 to the charity; balance due £1,186,833 with no interest.
“During the year under review the charitable company paid consultancy fees of £8,400 to ACS Consultancy being a business under the control of Andrew Sunderland.” — page 25
Per FY2025 accounts as filed with OSCR.