Front Lounge Limited
Latest income
£116k
Latest spending
£139k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit in unrestricted reserves of £14,372 at the year end, reversing a surplus from the previous year. The independent examiner identified a material uncertainty regarding going concern due to this deficit and the non-guaranteed nature of trust funding. Despite these risks, the trustees believe sufficient funding can be secured to continue operations.
What the accounts disclose
Going concern: material uncertainty disclosed
“I have identified a material uncertainty with regards going concern The material uncertainty is due to the current deficit in reserves and the amount of guaranteed funding to date.” — page 9
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Loan from project leader
“The charity received a loan during the year from Bomo Inatimi (project leader) of £11,196 which is to be repaid only when the charity has enough resources to repay.” — page 24
Per FY2025 accounts as filed with OSCR.