Dromore Diocesan Trust
Latest income
£4.3m
Latest spending
—
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity's unrestricted curia reserves are in deficit (£4.9m) due to provisions for legal claims and safeguarding costs. The auditor issued a disclaimer of opinion because they could not obtain sufficient evidence regarding the charity's ability to continue as a going concern. The trustees acknowledge concerns about the ongoing cash position and are actively seeking to realise assets to address the deficit.
What the accounts disclose
Going concern: doubt noted
“We have been unable to obtain sufficient audit evidence that the charity will be able to settle the liabilities within the provision as well as addressing the deficit in the curia unrestricted funds to prepare the financial statements under the going concern basis.”
Per FY2024 accounts as filed with CCNI.
Audit opinion: qualified
“Because of the significance of the matters described in the Basis for Disclaimer of Opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.” — page 21
Per FY2024 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2024 accounts as filed with CCNI.
Reserves policy: 6 months unrestricted expenditure (held: £26.4m)
“The Charity's targeted policy is to maintain 6 months unrestricted expenditure as free reserves”
Per FY2024 accounts as filed with CCNI.
Largest income source: none (75% of income)
“This source of income is 74.6% of the parish total.” — page 16
Per FY2024 accounts as filed with CCNI.
Independent examiner: Hill Vellacott
Per FY2024 accounts as filed with CCNI.