NEWFORGE COMMUNITY DEVELOPMENT TRUST

• ⚠

  Material uncertainty over going concern

  We draw attention to pages 15 and 16 in the financial statements, which indicates that the Trust is dependent on the funding of an associated company and adequate banking facilities. As stated on pages 15 and 16, these events or conditions, along with other matters as set forth in the going concern note on pages 15 and 16, indicate that a material uncertainty exists that may cast significant doubt on the Trust's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.

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

Standalone (parent only)

Auditor

Ruddell & Company

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to pages 15 and 16 in the financial statements, which indicates that the Trust is dependent on the funding of an associated company and adequate banking facilities. As stated on pages 15 and 16, these events or conditions, along with other matters as set forth in the going concern note on pages 15 and 16, indicate that a material uncertainty exists that may cast significant doubt on the Trust's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Significant events

• “NCDT's "Hub" main building enjoyed a full year of trading for the first time, with the 6 multi-purpose rooms upstairs, downstairs gym and changing rooms and sports hall open for business.”
• “In August 2024, the project at Newforge offered to assist the Muslim community in South Belfast. In the wake of racist public disorder in the region, the Muslim community were too intimidated to hold a planned summer scheme in a pre-booked location. Newforge stepped in to offer our facilities and hosted the 3-day summer school for up to 50 young people and their carers from the Muslim community.”
• “In September 2024 we facilitated a 6-week training block for 30 Muslim females at Newforge.”
• “Newforge host the Muslim festival of Eid al-Fitr, which marks the end of the holy month of Ramadan on Sunday 30th March 2025.”
• “Our hosting of Eid celebration with 2,000 participants from the Muslim community made headlines in the province as an outreach activity. This was followed by the Royal visit to Newforge by HM King Charles in March 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +6.5%

  £213,850 → £227,857

• Cash

  +1,664.6%

  £175 → £3,088

• Net assets

  -61.8%

  -£289,287 → -£468,031

• Employees

  +33.3%

  12 → 16

• Wages

  +1,271.2%

  £6,729 → £92,265

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