CHARITY NUNABER.. 1202682
(England and Wales)
THE
LOUNGE
FOUNDATION
UNAUDITED ANNUAL REPORT
FOR THE PERIOD ENDED 30 JUNE 2024

THE LOUNGE FOUNDATION
CONTENTS
Contents
Page
Reference and Administrative Details of the Charity
Trustees, Report
Independent Examiner's Report
Statement ol Financial Activities
Balance Sheet
Statement ol Cash Flows
Notes to the Financial Statements

THE LOUNGE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY
forthe Perlod Ended 30 June 2024
Trustees
D Marsden
M Marsclen
R Southall
Chartty number
1203682
Registered office
l Blythe Gate
Blythe Valley Paik
Shirley
B90 8AD
Bankers
HSBC Bank PIC
120 New Sl
Birmingham
82 4JU
Independent Examlner
Glen Bolt FCA
5 Pond Spinney
Northampion
NN6 OGJ

THE LOUNGE FOUNDATION
TRUSTEES, REPORT
for the Period Ended 30 June 2024
The Trustees present their report together with the financial statements of The Lounge Four)dation Ithe"Foundation"I for the peri
to 30 June 2024. The Trustees confirm that the report and financial statements of the Foundation comply with the Charities Act 2011,
the requirements ol the Foundation's governing document5 and the provi5ion5 of the Statement of Recommended Practice I'SORP'I
"Accounting and Reporting by Chaiities" applicable to charities pieparing their accounts In accordance with the Financial Retoiting
Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Lounge Foundation is a charitable incorporated organisation I'CIO'I, governed by its constitlrtion. The Foundation was registered
as a CIO at the Charity Commission on 22 June 2023.
TRUSTEES
The trustees who served the Foundation during the period were as follows".
D Marsden (appointed 22 June 20231
M Marsden (appointed 22 June 20231
R Southall lappointed 22 June 20231
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
In setting the aims and objectives, together with plannir)g the future activities, the Trustees have given careful consideration to the
Charity Commission's general guidance on public benefit.
ststement of ubllc benefSt
Under the Charities Act 2011, charities are required to demonstrate that their aims are for the public benefit. The two key piinciples
which musl be mel in this conteKt are, first, Ihal ihere musl be an identifiable benefit or benefils,. and, secondly, that the benefii must
be lo the public, or a section ol the public. Charity trustees must ensure that they carry out their charity's aims for the public benèfit,
must have regard to the Charity Commission's guidance, and must report on public benefit in their Annual Report.
The Lounge Foundation's B02rd of Trustees regularly monitors 2nd reviews the success ol the organisation in meeting its key
objective of educating young people about the importar)ce of checking their breasts. The trustees confirm, in the light of the
guidance, that these aims fully meet the public benefit test and that all the activities of the Foundation, described in the Trustees,
annual report, are undertaken in pursuit of these aims.
Pollcles and ob
ects
The objects ol the Foundation, according to the Constitution, is to advance such charitable purposes (according to the law of
England and Wales) as the Trustees see lil from time io lime.
More specifically, the aim of the Founclalion Is lo make a genuine impact on the lives and health of women and children.
Giant funding is one way that the Trustees believe that they will be able to make a real difference to their communities. The aim is
therefore to provide grants to".
support women's health,.
support children's he21th-, 2nd
support women and children on iheir cancer journeys.
The Trustees will cccasionally award grants that fall outside the priorities stated in this policy, if they are satisfiecj that the grant is an
appropriate use of the Charity's funds.
In setting the grant making wlicy, the Trustees have given due consideration to general guidance published by the Charity
Commission relating to public benefit.

THE LOUNGE FOUNDATION
TRUSTEES, REPORT Icontlnuedl
for the Period Ended 30 June 2024
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT Icontlnuedl
Grant making Policies
When providing grants to other charities and Charitable causes, the Foundation has prioritised those charities where there is".
a connection with the wider communities thai the Foundation serves,.
a community in the vicinity of the West NAidlands, where the foundation is thsed," and
multi-year projects where the Foundation could engage with a charity for three 01 more years, thus allowing the recipient
charities to make substantial and lasting impact.
8 collaborate with indiviLluals, communitles, and olh8rorg8nisabons to18adprol8Cts andgrants that driveFneanlngfvl change..
ACHIEVEMENTS AND PERFORMANCE
RevSew of actlvf(les
This annual report represents the first period of account lor the Foundation and therefore activities in the peiiod to 30 June 2024
have been more Iwused on estsblishing the charity and forward planning
During the period the Foundation received income of £294,541 from Lounge Underwear Limited through ils fundraising activities on
behalf ol The Lounge Foundation. These funds were mainly raised as part of Lounge's"Feel Your Breast" Campaign, a campaign that
has grown in popularity in recent years, with 2024 teing the first year that this was done in aid of The Lounge Foundation.
From a grant making perspective the period to 30 June 2024 was focused on developing relationships and also putting in place
projects to support the Four)dation's charitaNe aims and objective5.
Chan
emakers
During the period, the Foundation made a grant of £50,000 to Biimingham Children's Hospital. As a Midlands based charity, working
with the Birmingham Children's Hospital as a pioneer Changemaker is something that excites us lo our core. Changemakers is a
network of visionaries, united by a passion to transform the lives of sick children at Birmingham Children's Hospital. We are working
closely with the charily lo continue on iheir mission lo (Jeliver stale-of-the-arl, lilesaving wuipmenl and provi(Je Inspiring chil(J
friendly spaces at the hospital.
The Le
ac
Pro
ect
We're so proud of The Legacy Project and its mission to grant applications to women affected by cancer. With the support of our
incredible aMk￿S58dors, who are themselves cancer survivors and 'Legends' ol Lounge'5 iconic Feel Your Breast campaign, we will
be giving grants lo many incredible women lo help support Ihem on their journey, from wishes off rheir'living Iisls,, io supporting rheir
mental health in relation to cancer. This piogramme is lile-changing foi so many women In the UK. The Trustees designated £60,000
of funds to be used for these grants going forward. Applicaiions were rweived for grants during ihe wriod to 30 June 2024 however
all grant making activities fell into the following financi21 year.
Investment
and rformance
The Trust Deed permits the Trustees, in their absolute discretion, or any appointed investment advisors, to invest in any investment,
securities or property, as it thinks lit. At 30 June 2024, no money had been invested by the Foundation.
The Foundation has not currently invested any funds. Before any investments take place, an Investment policy would be developed
and approved by the Trustees.
Financial review
During the period end&J 30 June 2024, the Foundation received unrestricted donation income totalling £394,541 and paid charitable
grants totalling £50,000.
At 30 June 2024, the Foundation had total ur)restricted fur)ds carried fonvard of £341,695.

THE LOUNGE FOUNDATION
TRUSTEES, REPORT Icontlnuedl
forthe Period Ended 30 June 2024
ACHIEVEMENTS AND PERFORMANCE Icontlnued)
Reserves
The Foundation does not currently have a reserves policy. As Lounge Underwear Limited provides the Foundation with annual
funding, and the Trustees r￿ularlY review the balance available to them, Including any anticipated future donations to be Considered
and other costs, a rese￿eS policy is not considered necessary.
PLANS FOR THE FUTURE
Future develo
ments
It is intended that addition21 funds will be made available by Lounge Underwear Limited to the Foundation annually to enable it to
consider and approve further donations to the charities already supwrted by the Foundation and other charitable organisations as
the Trustees *e fit.
TRUSTEES, RESPONSIBILITIES
Trustees are responsible for preparing a Trusiees, Annual Rewrt ancl financial statements in accordance with applicable law and
United Kingdom Accounting St2nd8rds (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires charity trustees to prepare financial statements for each year which
give a true 2nd lair view of the state ol allairs of the charity and of the incoming resources and application of resources, of the charity
for that period. In preparing the financial statements, the trustees are required to".
select suitable accounting wlicies and then apply them consistently,.
observe the methods and principles in the applicable Charities SORP,.
make judgements and estimate5 that are reasonable and piudent.,
state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed
and explained in the financial statements,. and
prepare the financial statements on the going concern basis unlèss It is inappropriatè to presume that the charity will continue
in business.
Trustees are responsible lor keeping proper accounting records that disclose with reasonable accuracy at any lime the financial
position of the Foundation and to enable ihem io ensure that the financial siatemenis comply with the Charities Act 2011, the
applicable Charities (Accounts and Reptsrtsl Regulations and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Foundation and taking reasonable steps for the prevention and detection ol fraud 2nd other
1[r￿lI1ar1ties.
This report was reviewed ar)d approved by the Trustees on 22 April 2025 and signed on their behalf by..
M Marsden
Chalr of the Trustees

THE LOUNGE FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LOUNGE FOUNDATION
for the Period Ended 30 June 2024
I report to the charity trustees on my examination of the accounts ol the charity for the period ended 30 Jur)e 2024 which are set out
on pages 6 to12.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees you are reswnsible lor the preparation ol the accoLJnts in accordance with the requirements of the Charities
Aet 2011 Ithe"Act l.
I report in respect of my examination of the charity's accounts carried Olrt under section 145 of the Act and in carryiw out my
examination I have followed all the applicable Directions given by the Charity Commission undei section 14515llbl ol the Act.
INDEPENDENT EXAMINER'S STATEMENT
The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the
Institute of Chartered Accountants in England and Wales IICAEWI.
I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination
which gives me cause to believe that in any material respect..
the accounting records were not kept in accordance with section 130 of the Act,. or
the accounts did noi accord with the accouniing records,. or
the accounts did not comply with the applicable requirements Con￿rning the form and Content of accounts set out in the
Charities (Accounis and Reports) Regulations 2008 other than any requirement that the accounts give a'lrue and lair view,
which is not a matter considered as part of an independent examination.
I have no concems and have corne across no other matters in connection with the examination to which attention should be drawn in
this report in order to enable a proper understanding ol the accounts to be reached.
GLEN BOTT FCA
5 Pond Spinney
Northampton
NN6 OGJ
Date.. 22 April 2025

THE LOUNGE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
for the Period Ended 30 June 2024
Note
2024
Income from..
Donations
394,541
1,240
Investment activities
Total Income
395,781
Expenditure on..
Chaiitable activities- Grants
Other expenditure
150,0001
14,0861
Total Expenditure
154,0861
Net movement in funds
341,695
Totsl Unrestrlcted Funds as at 30 June 2024
341,695
The notes on pages 9 to 12 form wrt of these finar)cial statemer)ts.

THE LOUNGE FOUNDATION
BALANCE SHEET
As at 30 June 2024
N(rte
2024
2024
Current assets
Cash at bank and in hand
345,755
345,755
Current Ilabllltles
Creditors. amounts falling due within one year
14 0601
Net current assets
341,695
Net assets
341,695
Charity funds
Unrestricted funds
341,695
Total funds
341,695
These financial statements were approved by the Trustees and authorised for issue on 22 April 2025, and signed on tehall of the
board by..
M Marsden
Chalr of the Trustees
Charity number.. 1203682
The notes on pages 9 to 12 form part of these financial statemer)ts.

THE LOUNGE FOUNDATION
STATEMENT OF CASH FLOWS
for the Period Ended 30 June 2024
2024
Cash flows from 0￿ratIng aetivibes
Nel movement In funds
Adjustments for".
Interest receivable
341,695
11,2401
4,060
344,515
Increase In creditors
Net cash provided by operating activities
Cash flows from investing activities
Interest income
1,240
1,240
New cash Snflow from Investlng a¢tlv6tles
Change In cash and cash equbvalents In the pertcKI
Cash and cash equivalents at the beginning ol the period
Cash and cash equivalerrts atthe end of the period
345,755
345 755
Cash and cash ￿u[valents at the end of the perlod comprlse-
Cash at bank and In hand
345,755
The notes on pages 9 to 12 form part of these financial statements.

THE LOUNGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
for the Period Ended 30 June 2024
ACCOUNTING POLICIES
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the periods presented, unless othetwqse stated.
al Basis of preparation
The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI
"Accounting and Reporting by Charities,, applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the United Kingdom and Republic ol Ireland IFRS 1021, the Charities Act 2011 and
applicable regulations.
The accounts have been prepared under the histori￿1 cost convention with items recognised as cost or transaction value
unless otherwise stated in the relevant r)otelsl to the accounts.
The Foundation meets the definition ol a public benefit entity as defined by FRS 102.
bl Golng concem
The financial statements have been prepared on a going concern tssis as the irustees believe that no material uncertainties
exist. The trustees have Considered the level of funds held and the expected level of income and expenditure lor 12 months
from authorising these financial statements.
el Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the
general objectives of the Foundation and which have not been designated for other purposes.
Restricted funds are 10 be ustyy for specific purposes as laid down by the (Jonor Expendiiure which meets ihese criteria is
charged to the fund.
Designated funds are unrestricted funds earmarked by the tiustees for particulai purposes.
dl Incoming resources
All incorning resources are included ir) the Statement of Financial Activities when the Foundation has entitlement to the
funds, after any performance conditions have been met, the amount can be measured ieliably, and it Is probab￿ the Income
will be receivecl.
el Interest recwvable
Interest on funds held on deposit is included when receivable and thè amount can be measured reliably by the Foundation.,
this Is normally upon notification of the Interest paid or payable by the bank.
f) Resour￿$ expended
Expenditure is accounted for on an accruals basis and has been inclucled under expense caiegories that aggregaie all costs
for allocation to activities. Where costs Cannot directly attributed to particular activities, they have been 211ccated on 2
basis consislenl Wllh the use ol ihe resources.
Grants ￿Yable to third paities are within the charitable objectives. Grants wyable are chaiged in the period when the offer
is made except in those cases where the offer15 conditional on a fLrture event. Grants offered subject to conditions which
have not been met al the period-end are noted as commitments bul noi accrued as eKpendilure.
Irrecoverable VAT Is chaiged as a cost against the activity lor which the expenditure was Incuiied.

THE LOUNGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
for the Period Ended 30 June 2024
ACCOUNTING POLICIES Icontinuedl
gl Cash at bank and In hand
Cash at bank and cash in hand Includes cash and short term highly liquid Investments with a short maturity of three months
or less from the date of acquisition or opening of the deposit or similar account.
h) Cr￿ltorS and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligatior) can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing lor any trade
discounts due.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial
instruments are initi211y recognised at transaction value 2nd subsequently measured at their settlement Value.
INCOME FROM DONATIONS
2024
Donations
394,541
All Income from donations Is unrestricted in the current period.
INCOME FROM INVESTING ACTIVITIES
2024
Bank interest receivable
1.240
All income from investing activities is unrestricted in the current period.
4. CHARITABLE ACTIVITIES- GRANTS
The following grants were macle lo inslilulions cluring the peri￿.
Unrestrlcted
funds
2024
Recipient
Birmingham Children's Hospital
Project name
Changemakers
50,000
No grants were made to ir)dividuals during the peiiod.
10

THE LOUNGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
for the Period Ended 30 June 2024
OTHER EXPENDITURE
Unrestrlcted
funds
2024
Ex￿ndIture cfft Charftable actlvltles
Legal and profession21 fees
Promotional activities
550
1.296
1,750
Independent eKaminer fees
Website and IT costs
4,086
6. TRANSACTIONS WITH TRUSTEES
During the peiiocl no Trustees received any remuneration, benefits in kind or reimbursement of expenses.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
Amounts owed lo related party undenakings
Accruals and deferred income
2,310
4,810
8. GRANT COMMITMENTS
In accoidance with the grant making policies, the Foundation can commit to multi-year grants which are subject to annual
confirmation from the Trustees prior 10 the granis being made.
As at the 20 June 2024, future commitments, that are subject to annual confirmation, are £100,000 Including £50,000 that
would become payable in the year ended 30 June 2025 and £50,000 that would become payable in the year ended 30 June
2026. These future commitments will be recognised as grants in the year they are confirmed and ￿ld. These amounts have
been designated as a separate fund under the Changemakers project as part of the Foundation's ongoing partnership with
Birmingham Children's Hospital.

THE LOUNGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl
for the Period Ended 30 June 2024
STATEMENT OF CHARITY FUNDS
Brought
forward
Incomlng
resources
Resources
expended
Transfers
CarNed
forward
Unrestrlcted funds
General funds
395,781
14,0861
1210,0001
181,695
Desi
nated funds
Changemakers
The Legacy Project
150,0001
150,000
60,000
100,000
60,000
341,695
395,781
154,8361
Designated funds
Chan
emakers
During ihe ￿rIO(l, the Foundation ma(Je a grant of £50,000 lo Birmingham Children's Hospital. As a Midlancls bas￿ charity,
working with the Birmingham Children's Hospital as a pioneer Changemaker is something that excites us to our core.
Changemakers is a network of visionaries, united by a passion to transform the lives ol sick children at Birmingham Children's
Hospital. We are working closely with the charity to continue on their mission to deliver state-of-the-art, lifesaving equipment
2nd provide inspiring child friendly spaces at the hospit21.
The Le
ac
Pro
ect
We're so proud of The Legacy Project and Its mission to grant applications to women affected by cancer. With the support of
our incredible ambassadois, who ale themselves cancer survivors arbd 'Legends' of the Feel Your Breast campaign, we have
given grants lo many Incredible women to help support them on theirjourney, from wishes off their'living lists,, to supporting
their mental health In relation to cancer. This programme Is life-ch2nging for so many women In the UK The Trustees
designaied £60,000 of funds io be used lor these grants going forward. Applications were received for granis during the perK)d
to 30 June 2024 however all grant making activities fell into the following lin2neial year.
10. RELATED PARTY TRANSACTIONS
M Marsden and D Marsden, trustees, are also directors ol Lounge Underwear Limited. During the period, Lounge Underwear
Limited donated £394,541 to the Foundation. As at 30 June 2024, the Foundation owed £2,310 to Lounge Underwear Limited
as a result ol transactions whieh were settled on behalf of the Foundation during the period.
12