Spruce Carpets Ltd
Latest income
£738k
Latest spending
£846k
Accounts read
FY2025
Form
Company (the charity is registered with Companies House)
Financial health, per FY2025 accounts
The accounts state that the charity reported a net outgoing of £107,416 for the year ended 31 March 2025, resulting in a decrease in total funds to £460,235. The trustees' report confirms that unrestricted reserves of £433,020 are held to provide stability and cover costs for between 3 and 6 months, a target the board states it is currently compliant with. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Payments to trustees: One trustee, Austin Hardie, received remuneration during the year in the form of salary amounting to £95,000.
“One trustee, Austin Hardie, received remuneration during the year in the form of salary amounting to £95,000. The payment relates to the trustee’s role as Managing Director, a position involving the day-today management of the charity.” — page 21
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with OSCR.
Reserves policy: three to six months of costs (held: £433k)
“The board aims to have reserves to cover costs for between 3 and 6 months and are we currently compliant with that.” — page 7
Per FY2025 accounts as filed with OSCR.
Independent examiner: Morris & Young
Per FY2025 accounts as filed with OSCR.