YoMo Young Movers (SCIO)
Latest income
£588k
Latest spending
£594k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit of £6,116 for the year ended 31 March 2025, resulting in total funds carried forward of £238,957. The trustees note that the financial position reflects difficulty in maintaining their reserves policy target, and a significant number of activities are dependent on the continuation of current funding. However, the auditors confirmed that the use of the going concern basis is appropriate and identified no material uncertainties.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The financial position at the year end reflects the difficulty of complying with this objective and the steps in the current financial year (and beyond) aim to increase the charity's available reserves.” — page 5
Per FY2025 accounts as filed with OSCR.
Going concern: doubt noted
“After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. A significant number of the activities currently being carried out by the charity are dependent on the continuation of funding currently being received or being able to secure alternative funding.” — page 5
Per FY2025 accounts as filed with OSCR.