An Droichead Limited
Latest income
£1.1m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit of £45,359 for the year, reducing unrestricted reserves to £96,125. Per the trustees' report, this level is below the charity's reserves policy target, and the organisation faces significant financial pressures including rising costs and dependence on restricted funding. The auditors have issued a disclaimer of opinion and identified a material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The total reserves at 31 March 2025 are £96,125, which is below the reserve policy target.” — page 20
Per FY2025 accounts as filed with CCNI.
Going concern: material uncertainty disclosed
“Based on the work we have performed, we have identified material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.” — page 12
Per FY2025 accounts as filed with CCNI.
Audit opinion: qualified
“Because of the significance of the possible impact of the uncertainties, described in the Basis for disclaimer of opinion on financial statements paragraph, to the financial statements, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Accordingly we do not express an opinion on the financial statements.” — page 11
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Governance note: Trustees recognise that governance, financial management systems and reporting arrangements during the period were not sufficiently robust for an organisation of the scale and complexity of An Droichead’s operations.
“Trustees recognise that governance, financial management systems and reporting arrangements during the period were not sufficiently robust for an organisation of the scale and complexity of An Droichead’s operations.” — page 6
Per FY2025 accounts as filed with CCNI.
Independent examiner: Finegan Gibson Ltd
Per FY2025 accounts as filed with CCNI.