Loughgiel Community Association Ltd
Latest income
£491k
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure of £70,638 for the year ended 31 March 2025, resulting in a decrease in total funds from £1,824,243 to £1,753,605. The trustees acknowledge material uncertainties regarding the charity's ability to continue as a going concern, specifically citing the need to stabilize the senior management team and the presence of contingent liabilities. Despite these challenges, the trustees remain optimistic and confident in achieving financial stability through diversifying income sources and efficient financial management.
What the accounts disclose
Going concern: material uncertainty disclosed
“The Board are aware of certain material uncertainties which may cause doubt upon the Association’s ability to continue as a going concern which includes stabilising its senior management team and oversight provided by the newly appointed Board of Trustees.” — page 4
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Largest income source: Charitable activities (60% of income)
“TOTAL INCOME 290,963 195,939 4,000 490,902 517,993” — page 1
Per FY2025 accounts as filed with CCNI.
Governance note: The Board are aware of certain material uncertainties which may cause doubt upon the Association’s ability to continue as a going concern which includes stabilising its senior management team and oversight provided by the newly appointed Board of Trustees.
“The Board are aware of certain material uncertainties which may cause doubt upon the Association’s ability to continue as a going concern which includes stabilising its senior management team and oversight provided by the newly appointed Board of Trustees.” — page 4
Per FY2025 accounts as filed with CCNI.
Governance note: The newly appointed trustees/directors have considered the existence of any potential contingent liabilities, and this review is currently ongoing and cannot be estimated with reasonable certainty at this time.
“The Board are aware of certain material uncertainties which may cause doubt upon the Association’s ability to continue as a going concern which includes stabilising its senior management team and oversight provided by the newly appointed Board of Trustees.” — page 4
Per FY2025 accounts as filed with CCNI.