The 31st December is to most people a day of celebration and looking forwards, but to the Garden Bridge Trust a day of stress and trepidation. For it was the day when they hadto file their most recent accounts.
They had been due to file them by the end of July, but two days before the deadline they applied for a 5 months, reported in the FT at the time as “Garden Bridge avoids collapse by extending its accounting year“.
Well, that five months is up now and there are no indications that the GBT finances have miraculously shot upwards – it has still not raised around half its private finance, they still haven’t managed to created a workable business plan relating to future financing, and for all we know even more donors have jumped from what appears to be a sinking ship. Last week the Executive Director, Bee Emmott, said that fundraising was very hard and that it was up to the Trustees to decide if they wanted to stop the project.
The GBT may have already filed their accounts, but my money is on a group of very stressed accountants trying to pull some numbers together today before 2017 begins – and when published publicly it will help us understand where all the money has gone!
This post was originally part of The Garden Bridge 12 Days of Christmas.
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