that the delay wasn't in producing the accounts per se. More likely it was the Auditor seeking assurances (and evidence) that funding was available to keep the business as a going concern. Without that evidence he'd be unwilling to sign the accounts (and in fact didn't until 2nd July 2012).
What I don't understand, and perhaps it was all part of a negotiation strategy, was why the Trust Directors resigned earler this year citing conerns about the accounts not being signed off - when they were presumably in a position to know what the situation was.
totally agree and why it took so long to produce the accounts I will never understand. A 1.25m loss making the total debt £7m in 2011.....plus what ever the 2012 loss will be. What I would like to... more
I would imagine Beancounter The Second,Tue Jul 10 12:40
--back then, Mr B, were that they didn't want to be associated formerly, and possibly legally (?), with an organisation that couldn't even fulfil this most basic of corporate obligations. Quite right ... more