STAKEHOLDER DEMOCRACY NETWORK

• ⚠

  Annual accounts overdue

  Due 2026-04-30.

• ⚠

  Material uncertainty over going concern

  We draw attentions to note 1 of the financial statements, which explains that the trustees intend to liquidate/ cease the charity's UK operations from February 2025 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

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

Margins divide P&L lines by turnover. 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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

SCB (Accountants) Ltd

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attentions to note 1 of the financial statements, which explains that the trustees intend to liquidate/ cease the charity's UK operations from February 2025 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. STAKEHOLDER DEMOCRACY NETWORK · parent
   1. Niger Delta Stakeholders Initiative for Community Development and Empowerments · Nigeria

Significant events

• “This fiscal year had some significant economic challenges that had the potential to affect our work due to high inflation rates which affected the project budgets and made it mandatory to revise our workplans and even project strategies.”
• “the political battles in Rivers state, specifically between the former Governor and now FCT Minister, Barrister Nyesom Wike and his successor, Governor Siminalayi Fubara affected the security situation and consequently governance as Commissioners loyal to Wike kept resigning while there were deliberate efforts by others within the government to undermine the authority of the Governor.”
• “With a new administration sworn-in on May 29th, 2023, efforts were made by SDN to engage with the 10th National Assembly since one of our key projects required that we seek amendments to the Petroleum Industry Act and include new provisions on the divestment of assets by international oil companies and also the Host Community Development Trust process.”

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

0

last 12 months

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

• Turnover

  -18.9%

  £1,079,872 → £875,305

• Cash

  -90.8%

  £853,028 → £78,078

• Net assets

  -77.5%

  £241,339 → £54,381

• Employees

  -7.1%

  28 → 26

• Profit before tax

  -638.8%

  £34,696 → -£186,958

• Wages

  -6.1%

  £315,202 → £295,832

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