ULSTER-SCOTS COMMUNITY NETWORK

• ⚠

  Material uncertainty over going concern

  Short term grant funding horizons mean that the organisation must apply for core financial assistance on an annual basis and, at the date of our audit report, the charity is not in receipt of a specific letter of offer in relation to this. The financial statements have been prepared on a going concern basis, the validity of which depends on the continued support of the charity's grant funders. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the charity's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -19.8%

  £205,485 → £164,888

• Net assets

  -9%

  £213,792 → £194,546

• Employees

  -12.5%

  8 → 7

• Wages

  -10%

  £268,788 → £241,814

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. ULSTER-SCOTS COMMUNITY NETWORK 2008-11-04 → present
2. ULSTER-SCOTS HERITAGE COUNCIL 2002-07-09 → 2008-11-04

Accounting basis

FRS 102

Auditor

Aubrey Campbell & Company

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Short term grant funding horizons mean that the organisation must apply for core financial assistance on an annual basis and, at the date of our audit report, the charity is not in receipt of a specific letter of offer in relation to this. The financial statements have been prepared on a going concern basis, the validity of which depends on the continued support of the charity's grant funders. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the charity's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.