Moulsdale Foundation
Latest income
£755k
Latest spending
£563k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves stood at £359,821, which the trustees consider maintains the policy target of three to six months' expenditure. The charity reports a net income surplus of £192,829 for the year, with total income of £755,397 against total expenditure of £562,568. The auditor confirmed that the use of the going concern basis is appropriate, noting support from Optical Express.
What the accounts disclose
Going concern: doubt noted
“Optical Express will continue to provide support and the Directors have formally pledged to continue providing support. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Operating lease charges for rent from related parties.
“The operating leases represent leases of rent from related parties. The leases are negotiated over terms of five years and rentals are fixed for five years.” — page 12
Per FY2025 accounts as filed with OSCR.