Charity registration number SC032160 (Scotland)
Company registration number SC223108
FRONT LOUNGE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
FRONT LOUNGE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ashley Ross - Chair
Layla Brown - Vice Chair
Camilla Plekker
Emma Simpson-Faichney
Emma Charleson
Chelsie Denise Bruce
Nicole Doig
(Appointed 24 October 2024)
Kerry Livie
(Appointed 24 October 2024)
Alex Mitchell
(Appointed 24 October 2024)
Maria Manuela De Los Rios Oakes
(Appointed 24 October 2024)
Secretary
Thorntons Law LLP
Charity number (Scotland)
SC032160
Company number
SC223108
Registered office
Whitehall House
33 Yeaman Shore
Dundee
DD1 4BJ
Independent examiner
Findlays
Chartered Accountants
11 Dudhope Terrace
Dundee
DD3 6TS
Bankers
HSBC PLC
82-84 High Street
Perth
PH1 5TH
FRONT LOUNGE LIMITED
CONTENTS
Page
Trustees' report
1 - 5
Independent examiner's report
6
Statement of financial activities
7 - 8
Balance sheet
9
Notes to the financial statements
10 - 21
FRONT LOUNGE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

The Trustees present their annual report and financial statements for the year ended 30 September 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

 

The objectives for which Front Lounge is established are:

 

Front Lounge’s mantra, ‘Life is Big. Be all you can be,’ implores all who cross our path to strive to be bigger, better, brighter. The charity continues to:

 

 

Achievements and performance

 

Overview

Front Lounge’s mantra, ‘Life is Big. Be all you can be,’ implores all who cross our path to strive to be bigger, better, brighter. The charity continues to:

 

 

FRONT LOUNGE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -

KEY MILESTONES

October 2023

In person Assessor Training led by Polaris Learning + Georgia McLaren for Amy Deans, Cerrys Duke, Christie Wanless + Courtney Keddie which will increase the capacity of Front Lounge to deliver more Kindred Clothing cohorts of learners.

October – December 2023

Adventures of the Little People afterschool sessions attended by 12 children and supported by Ellie Fraser, Lexie McMillan + Sasha-Kate Burns (volunteers) Ashley Dye (drama specialist), Grant Keelan (Filmmaker), Amy Deans + Chika Inatimi (staff). These sessions ran weekly until 17 December 2023, and climaxed at A Very Magical Christmas event at Coldside Parish Church on 19 December 2023 which also featured a performance by Let’s Create (a group of teenagers engaged via Kindred Clothing), Jamie the Jester plus music by Layla Brown & Edenbank.

December 2023

The very first production order for x10 Isolated Heroes units before Christmas. This order together with orders from Jolene Guthrie (Jo-AMI) and Orkney based Kirsteen Stewart in 2024 have helped test the viability of a garment production facility. A number of Kindred Clothing graduates have been involved in production at different times across the year.

January – February 2024

Kindred Clothing cohort that ran for the first time three evenings a week plus Saturday. This cohort was used a a proving ground for the assessors in training.

February – March 2024

Kindred Clothing cohort featuring learners with an average age of 37, the first of its kind Front Lounge has ever facilitated. This cohort was facilitated by Amy Deans and assessed by Christie Wanless.

March 2024

EVOLUTION Runway – Front Lounge’s first ever runway event – hosted by The Vine featuring the work of Christie Wanless and learners from the Jan - Feb & Feb - Mar cohorts. Pictures by PPG Photography + Everlong Photography.

March – May 2024

Second block of Adventure of the Little People weekly sessions, this time focussed on space themed art workshops, and led by with Uppertunity who also provided food each week. This climaxed in an exhibition event on 26 May 2024, with 100+ guests attending the Adventures of the Little People Travels Through the Universe exhibition at Scrapantics in Wellgate Centre, Dundee.

May – June 2024

Kindred Clothing Cohort featuring Candi Murray, Nico Mcleish, Nicole McGregor, Rhianne Grieve + Sally Johnston. This cohort was facilitated by Chika Inatimi and assessed by Amy Deans.

June 2024

Front Lounge’s second SQA External verification visit was attended by The Kindred Clothing Learning Coordinator, internal verifier Georgia McLaren, 3 of 4 trainee assessors, together with the 2 SQA external verifiers, and a couple of staff from Polaris Learning (our parent Learning Centre). The visit scrutinised the Kindred Clothing learning paper trail from recruitment right through to resulting, and the standardisation process. To properly contextualise the impact of the award the External Verifiers had conversations with a handful of learners. SQA liked what they saw and heard, and highlighted a couple of areas of good practice and expressed ‘high confidence’ in the Kindred Clothing Award and in Front Lounge’s ability to be responsive to the needs of learners. Serendipitously, the visit coincided with the May-Jun cohort presentations, the final component of the Kindred Clothing Award. Both Polaris Learning and SQA staff were delighted to see Kindred Clothing in action, which further consolidated their understanding of the qualification and the real impact it is having in people’s lives.

July 2024

Inaugural Kindred Clothing Summer Camp featuring 5 learners including one based in Orkney who joined the sessions through Zoom. This cohort was facilitated by Christie Wanless and assessed by Courtney Keddie.

August 2024

Adventures of the Little People Summer Camp with Vivienne Low + Amy Deans which climaxed in a wonderful puppet show attended by a small audience off family and friends. Photography by Siobhan Diamond.

 

FRONT LOUNGE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -

September 2024

20 learners graduated the Kindred Clothing course on Graduation Day (7 Sep 2024) which took place at Discovery Point, Dundee. The event showcased a runway that featured Kindred Clothing graduates alongside some established Scottish designers, moving testimonials by Rhianne Grieve and Samantha Hutchison, a commencement speech by Orkney based designer Kirsteen Stewart, plus music from Loadsaweeminsingin’ and Edenbank. The ‘Tailor Trade Award’ presented by Stephen Brand, Deacon of The Taller Trade of The Nine Incorporated Trades of Dundee was awarded to Nymeria Drayak, hailed as the year’s most outstanding Kindred Clothing learner. She received a certificate and £350. Pictures by David Izatt and PPG Photography.

 

Other notable moments include World Mental Health Day (10 Oct 2023) with resilience stories published online and in the local press; iGNiTE REMAKE (18 – 20 Oct 2023) Georgia McLaren and Amy Deans worked with 7 participants making pyjamas from scratch; Scottish Fashion Festival 2023 Gala Opening Night by Scotland Re:Design (17 Nov 2023) which Amy Deans attended with 4 participants in tow; Dundee Changemakers Hub’s Coldside Soup at Dudhope Castle (25 Apr 2024) where Amy Deans pitched and won funding for Adventures of the Little People; Molly’s Evolution (3 May – 7 Jun 2024) to enable our graduands prepare for the Graduation Day runway; iGNiTE DUNDEE with 18 ‘trainee volunteer’ participants (14 – 15 Jun 2024); and TikTok x iGNiTE (11 Jul 2024), a fun summer project with 13 participants. Furthermore, as part of the Ufi VocTech Trust’s Enrichment Programme, David Hinton of Unity Ventures facilitated a number of conversations that involved a cross section of Front Lounge to explore different options for growth. At the forefront of this conversation was if and how we should set up a garment production facility in Dundee, and this conversation will be a priority in the coming year.

Financial review

 

Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

 

Ensuring that Front Lounge continues to be a going concern in 2024-2025 funding from the following will be received in the coming year: Angus Hunter Foundation – £10,000; Community Mental Health and Wellbeing Fund – Dundee City Council – £40,000; Garfield Weston Foundation – £15,000; Hugh Fraser Foundation – £5,000; The Champ Fund administered by Foundation Scotland – £5,000; The George and Grace Thomson Trust (Parent Programme) administered by Foundation Scotland – £10,000; The Roberston Trust – £25,000; UK Shared Prosperity Multiply Youth Work Fund administered by Dundee City Council – £14,500; Young Start (National Lottery Community Fund) – £50,000.

 

Front Lounge currently has free reserves of £1,591, and a fundraising plan to ensure the necessary resources are in place to ensure that we continue to implement the priorities listed above.

Reserves policy
Front Lounge is a charity based in Dundee which works creatively to support and improve the life chances of vulnerable young people and young families. Front Lounge is mainly funded through grants to run particular projects. The board recognises this can lead to challenges covering the ongoing running costs of the charity leading to unrestricted deficits.

 

The charity's current reserves policy is to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately 3 months unrestricted expenditure. The charity has unrestricted funds which meet this reserves policy. This ensures there will be sufficient funds to cover basic operating costs. Unrestricted funds are gained from various direct fundraising activities, from fees for work completed for third party organisations, and from full cost recovery. As the organisation grows so a larger reserve will be necessary to reflect increased turnover and give Front Lounge improved resilience in the face of the unexpected. This will be put into effect in the coming year.

 

The board will review the reserves policy annually. At 30 September 2024 the charity holds unrestricted reserves amounting to £1,591 (2023 - £12,044) and restricted reserves amounting to £7,553 (2023 - £13,185).

FRONT LOUNGE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
Plans for future periods

PRIORITIES

Our priorities for the coming year are as follows:

  1. Education: Becoming an accredited Learning Centre, activity driven by the ongoing rollout of Kindred Clothing plus the addition of other qualifications to broaden our educational offering.

  2. Social Enterprise: Development of income generating possibilities in partnership with others to reduce Front Lounge’s reliance on funding income.

  3. Community Development: focusing on mental health, and providing additional support to our users through one to one and group work, and continued development and implementation of social justice strategies, through highlighting best practice, making use of the current research base, and involving service users in the design and delivery of the programmes and services Front Lounge provides.

 

Structure, governance and management

 

Governing document
Front Lounge Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Ashley Ross - Chair
Layla Brown - Vice Chair
Kristina Dearsley - Acting Treasurer
(Resigned 29 August 2024)
Camilla Plekker
Emma Simpson-Faichney
Emma Charleson
Marc Ferguson
(Resigned 29 August 2024)
Chelsie Denise Bruce
Nicole Doig
(Appointed 24 October 2024)
Kerry Livie
(Appointed 24 October 2024)
Alex Mitchell
(Appointed 24 October 2024)
Maria Manuela De Los Rios Oakes
(Appointed 24 October 2024)

Methods of appointment or election of Trustees

As set out in the Articles of Association, each of the first members of the Management Committee (the founder members) shall be entitled to nominate further Management Committee members. The committee members are elected at each Annual General Meeting and should be eligible for re-election at the following Annual General Meeting.

Day-to-day management of the charity is undertaken by Bomo Inatimi (project leader).

Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

 

FRONT LOUNGE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -

The Trustees' report was approved by the Board of Trustees.

Ashley Ross
Chair
24 June 2025
FRONT LOUNGE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FRONT LOUNGE LIMITED
- 6 -

I report on the financial statements of the Charity for the year ended 30 September 2024, which are set out on pages 7 to 21.

Respective responsibilities of Trustees and examiner

The charity trustees (who are also the directors of Front Lounge Limited for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.The Charity Trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.

It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

In the course of my examination, no matter has come to my attention

 

1. which gives me reasonable cause to believe that in any material respect the requirements:

have not been met, or

 

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Lesley Campbell CA
Independent Examiner
Findlays Audit Limited
Chartered Accountants
11 Dudhope Terrace
Dundee
DD3 6TS
24 June 2025
FRONT LOUNGE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
2
27,298
70,210
97,508
142,648

Investments

3
10
-
10
69
Total income
27,308
70,210
97,518
142,717
Expenditure on:
Charitable activities
4
37,761
75,842
113,603
151,659
Net expenditure for the year/
Net movement in funds
(10,453)
(5,632)
(16,085)
(8,942)
Fund balances at 1 October 2023
12,044
13,185
25,229
34,171
Fund balances at 30 September 2024
1,591
7,553
9,144
25,229

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes set out on pages 10 - 21 form part of these financial statements
FRONT LOUNGE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 8 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
2
38,198
104,450
142,648

Investments

3
69
-
69
Total income
38,267
104,450
142,717
Expenditure on:
Charitable activities
4
48,332
103,327
151,659
Net expenditure for the year/
Net movement in funds
(10,065)
1,123
(8,942)
Fund balances at 1 October 2022
22,109
12,062
34,171
Fund balances at 30 September 2023
12,044
13,185
25,229
FRONT LOUNGE LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
559
1,169
Current assets
Debtors
11
628
23,072
Cash at bank and in hand
27,741
5,200
28,369
28,272
Creditors: amounts falling due within one year
12
(19,784)
(4,212)
Net current assets
8,585
24,060
Total assets less current liabilities
9,144
25,229
Income funds
Restricted funds
17
7,553
13,185
Unrestricted funds
1,591
12,044
9,144
25,229

The notes on pages 10 to 21 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 24 June 2025
Ashley Ross
Chair
Company registration number SC223108
FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 10 -
1
Accounting policies
Charity information

Front Lounge Limited (SC223108) is a private company limited by guarantee incorporated in Scotland. The registered office is Whitehall House, 33 Yeaman Shore, Dundee, DD1 4BJ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

 

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving financial statements, the Trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Although reserves are low, there is sufficient funding in place for the following year. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements,

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 11 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 12 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 13 -
2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
1,158
-
1,158
70
-
70

Grants

26,140
70,210
96,350
38,128
104,450
142,578
27,298
70,210
97,508
38,198
104,450
142,648
Grants receivable for core activities
Kindred Clothing/Garfield Weston
15,000
28,010
43,010
15,000
32,250
47,250
SCVO/Kickstart
-
-
-
-
700
700
UFI Voctech - Challenge Fund
3,000
-
3,000
-
27,500
27,500
Robertson Fund
2,500
25,000
27,500
3,750
25,000
28,750
Dundee City Council
-
-
-
-
4,000
4,000
Perth & Kinross Council
-
-
-
-
5,000
5,000
Hugh Fraser
5,000
-
5,000
10,000
-
10,000
Awards for All
-
-
-
-
10,000
10,000
Other
640
17,200
17,840
9,378
-
9,378
26,140
70,210
96,350
38,128
104,450
142,578
FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 14 -
3
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
10
69
4
Expenditure on charitable activities
Charitable expenses
Charitable expenses
2024
2023
£
£
Direct costs
Staff costs
22,545
19,512
Depreciation and impairment
611
1,640
Short term contracts
61,891
94,273
Rent and rates
924
1,619
Heat and light
3,817
3,402
Repairs and maintenance
925
1,392
Insurance
503
555
Venue hire
1,018
1,378
Travel and subsistence
7,757
11,062
Training
-
1,680
IT costs
700
2,722
Office expenses
1,335
1,433
Bank charges
61
63
Project costs
5,566
4,103
Emergency assistance
1,271
2,589
108,924
147,423
Share of support and governance costs (see note 5)
Governance
4,679
4,236
113,603
151,659
Analysis by fund
Unrestricted funds
37,761
48,332
Restricted funds
75,842
103,327
113,603
151,659
FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 15 -
5
Support & governance costs
Governance costs
2024
Governance costs
2023
£
£
£
£
Accountancy
4,225
4,225
3,803
3,803

Legal fees

454
454
433
433
4,679
4,679
4,236
4,236
Analysed between
Charitable activities
4,679
4,679
4,236
4,236

Governance costs includes payments to the independent examiner of £4,225 (2023 - £3,803) for independent examination of the Charity's financial statements.

6
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
Depreciation of owned tangible fixed assets
611
1,640
7
Trustees

During the year ended 30 September 2024, no Trustee expenses were incurred (2023 - £NIL).

8
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
2
2
Employment costs
2024
2023
£
£
Wages and salaries
22,123
19,258
Other pension costs
422
254
22,545
19,512

 

There were no employees whose annual remuneration was more than £60,000.
FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
8
Employees
(Continued)
- 16 -
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024
2023
£
£
Aggregate compensation
27,475
49,950

The charity's project leader is considered to be key management personnel and was contracted to oversee various projects.

9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 October 2023
24,364
At 30 September 2024
24,364
Depreciation and impairment
At 1 October 2023
23,194
Depreciation charged in the year
611
At 30 September 2024
23,805
Carrying amount
At 30 September 2024
559
At 30 September 2023
1,169
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
628
23,072
FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 17 -
12
Creditors: amounts falling due within one year
2024
2023
£
£
Loans and overdrafts
11,196
-
Other taxation and social security
103
74
Other creditors
3,960
-
Accruals and deferred income
4,525
4,138
19,784
4,212
13
Loans and overdrafts
2024
2023
£
£
Other loans
11,196
-
Payable within one year
11,196
-

The charity has a loan outstanding to a project leader of £11,196. This will be repaid when the charity has more secure cashflow.

14
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
422
254

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

15
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
General funds
12,044
27,308
(37,761)
1,591
FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
15
Unrestricted funds
(Continued)
- 18 -
Previous year:
At 1 October 2022
Incoming resources
Resources expended
At 30 September 2023
£
£
£
£
General funds
22,109
38,267
(48,332)
12,044
16
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 30 September 2024:
Tangible assets
559
-
559
Current assets/(liabilities)
1,032
7,553
8,585
1,591
7,553
9,144
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 30 September 2023:
Tangible assets
1,004
165
1,169
Current assets/(liabilities)
11,040
13,020
24,060
12,044
13,185
25,229
FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 19 -
17
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Movement in funds
Balance at
1 October 2022
Incoming resources
Resources expended
Balance at
1 October 2023
Incoming resources
Resources expended
Balance at
30 September 2024
£
£
£
£
£
£
£
Dundee City Council
-
4,000
(4,000)
-
-
-
-
Perth & Kinross Council
-
5,000
(5,000)
-
-
-
-
Hunter Foundation 2
830
-
(830)
-
-
-
-
Kindred Clothing/Ufi VocTech Challenge Fund
10,902
59,750
(63,006)
7,646
28,010
(35,545)
111
Robertson Trust
-
25,000
(25,000)
-
25,000
(25,000)
-
Awards for All - Adventures of Little People
-
10,000
(4,624)
5,376
-
(5,376)
-
Hope Hub 2
330
-
(167)
163
-
(163)
-
Kickstart
-
700
(700)
-
-
-
-
Scottish Government- Poverty Scrutiny
-
-
-
-
3,000
(3,000)
-
Communities Mental Health and Wellbeing Fund
-
-
-
-
13,000
(5,558)
7,442
AOPL Dundee Bairns
-
-
-
-
1,200
(1,200)
-
12,062
104,450
(103,327)
13,185
70,210
(75,842)
7,553
FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
17
Restricted funds
(Continued)
- 20 -

Purpose of Restricted Funds

 

Hunter Foundation 2: This was awarded for capital purchases in 2020. The balance is being depreciated over the useful lives of the assets.

 

Robertson Trust: This was awarded to contribute towards the contract costs of the project leader/ learning manager.

 

Hope Hub 2: This was awarded from the 'ShiftThePower' fund to fund the cost of a vlogging campaign. The balance is being depreciated over the useful lives of the assets.

 

Kickstart: This was awarded to fund salary costs for multiple short-term work placements.

 

Communities Mental Health and Wellbeing Fund: The project will provide focused activity for households with mental health vulnerabilities and will use the arts to explore concepts of ‘home’. It will share hope in a time of uncertainty, virtually and in-person, with additional participant directed support as required.

Kindred Clothing/UFI Voctech Trust: Developing of the Learning Management System (LMS) desktop and mobile and general running costs of Kindred Clothing project.

 

Dundee City Council : to fund salary costs

 

Perth & Kinross Council: to fund salary costs

 

Awards for All - to cover costs of running the Adventures of Little People project

 

AOPL Dundee Bairns- to cover costs of food expenses.

 

Scottish Government: to fund costs of Child Poverty Scrutiny.

 

FRONT LOUNGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 21 -
18
Related party transactions

The charity received a loan during the year from Bomo Inatimi (project leader) of £11,196 which is to be repaid when the charity has more secure cashflow year (2023 - none).

2024-09-302023-10-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2SC2231082023-10-012024-09-30SC223108bus:Director12023-10-012024-09-30SC223108bus:Director22023-10-012024-09-30SC223108bus:Director42023-10-012024-09-30SC223108bus:Director52023-10-012024-09-30SC223108bus:Director62023-10-012024-09-30SC223108bus:Director82023-10-012024-09-30SC223108bus:Director92023-10-012024-09-30SC223108bus:Director102023-10-012024-09-30SC223108bus:Director112023-10-012024-09-30SC223108bus:Director122023-10-012024-09-30SC223108bus:CompanySecretary12023-10-012024-09-30SC223108bus:Director32023-10-012024-09-30SC223108bus:Director72023-10-012024-09-30SC2231082024-09-30SC2231082023-09-30SC2231082022-10-012023-09-30SC223108bus:FRS1022023-10-012024-09-30SC223108char:IndependentExaminationCharity2023-10-012024-09-30SC223108bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP