ORTH FST PL Y RESOURCE CE TRE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF NORTH WEST PLAY RESOURCE CENTRE Opinion We have auditèd the financial statements of North West Play R?source Centre (the 'charily') for the year ended 31 March 2024 which comprise the statement of financial activitiès, the balancè sheet, the statement of cash fIDWg and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unit?d Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting standa applicable in the UK and Republic of Irg18nd {United Kingdom Generally Acceptèd Attcounting Praclicel. In our opinion, ltte financial stalements.. give a true and fair view of the slate of the ch8rilable Company's affairs as at 31 March 2024 and Of ils incolning resources and application of resources, including its income and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted AcGounting Pr8cIico,' and have been prepared in accordance with the requirements of the Cornpanies Act 2006. Basis for opinlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs respDnsibililies for the audit of the financial statements section of our report. We are independent of the charity in accordance wilh the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and wè havè fulfilled our other ethical responsibilities in accordance with these requirements. We bèlieve that the audit evidence we have Dblained is sufficient and appropriate to provide a basis for our opinion. Pdlaterial un¢ertainty related to going concern We draw your attention to Note 1 which indi¢ates that thé Charity is reliant on continued funding from the Arts Council of Northern Ireland, which has not yet been confirmed beyond 31 March 2025, and its overdraft facility for the continuancè of its core aclivilies. As slated in Note 1, these events and conditlons along with other matters set out in Note 1 indicate that a material uncertainty exists that rnay cast significant doubt ori the Charity's ability to continue as a going concern. Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibilrties 8nd the responsibilities of the Trustees with respect to going conr are described in the relevant sections of this report. Other inforniation The other information comprises the information included in the annual report other than the financial ststemenls and our auditor's report thereon. The Trustees are responslble for the other information contained within the annual report. Our opiniDn on the financial statements does not cover the other information and, except to the extent otherwise explicitly slated in our report, we do not express any forrn of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with thp financial statements or our knowledge obtained in the course of the audit, or otherwise appèars to be materially misstated. If we identify such material inconsistencies Dr apparent material misstatements, we are required to detÈrmine whether this gives rise lo a material misslatemenl in the financial statements themselves. If, basecl on the work we have performed. we conclude that there is 2 m2lerial misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. 10-
NORTH YRES URCE CE TRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NORTH WEST PLAY RESOURCE CENTRE Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the Course of our audit.. the information given in the Trustees, reporl for the financial year for which the financial slalemènls are preparèd, which includes the directors, report prepared for the purposes of company law, is consislenl with the financial statements.. and the directors, report included within the Trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exeeptlon In the light of the knowledge and understanding of the company and l(s environment obtained in the course of the audit, we have not identified material misslal2menls in the Trustees, report. We have nothing to report in respect of the following matters in relation lo which the Companies Act 2006 reoulrès us lo report lo you if. in our opinion,, adèquate accounting records have not been kept, or returns adequate for our audit have not been recèived Irom branches not visited by us., or the financial slalements are not in agreement with the accounting records and returns,, OT certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the Trustees were not enlilled lo prepare the financial slalemenls in accordance with the small Companies regime and lake advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement lo prepare a strategic report. Responsi bllltle$ of Trustèès As explained more fully in the Slalement of Trustees, responsibi1Sties, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the prepar8tion of the financial slalements and for being satisfied that thèy give a true and fair view, and for such internal control ?s the Trustees determin2 is ne¢essary lo enabl& the preparation of financial slalements that 8re free from mslerial misslalemenl, whether due to fraud or error, In preparing the financial statements, the Trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using Ihe going concern basis of accounting unless the Trustees either intend lo Ilquidale the charitable company or lo cease operations, or have no realistic alternative bul to do so. Auditor'5 responsibilities for the audit of the financial statoments Our objectives aré to Dblain reasonable assurance about whether the financial slalemenls as a whole are freè from material misslatèmenl, whether due to fraud Dr error, and lo issue an auditor's report that includes our opinion. Rèasonable assurance is a high level of assuranoe bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstatement when 11 exlsts. Misslatementg tan arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably b& expected lo influence the economic decisions of users taken Dn the basis of these financial slalèmenls. Irregularities, including fr8ucI, are instances of non-compliance with laws and regulation5. We design procedures in line with our responsibilities, outlined above, lo delecl malerlal miss18temenls in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraucl, is detailed below, 11
FST PL Y RESOURCE CE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NORTH WEST PLAY RESOURCE CENTRE Extent to which the audit was considered Capable of detecting irregularities. including fraud The objedives of our audit in respect of fiaud, are., to identrfy and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audEt evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks., and Ic> respond appropriately to instances of fr2LJd or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests wilh both m8nagemont and those chargèd with governance of the company. Based on our understanding of tho company and its operating environment, we determined that the most significanl fram2works which have a direct impact on the preparation of the financial slalemenls are those related lo the reporting framework IFRS 102 and the Companies Act 20061 and the relevant tax Complian regulations. Additionally, the company is a registered society and therefore is regulated by the FinancSal Conduct Authority of which non-compliance with relevant requirements may have a materi81 effect on the financial sl8lemenls. We assessed thè susceptibility of the company's financial statements lo material misst8tement, including how fraud might occur, including evaluating management's incentives and OPPDrtunities to manage earnings or influence the reported rosulls. From the results of our assessment, we dètermined Ihal thè prin¢ipal risk of fraud related lo posting inappropriate journal entries. In common with all audits under ISAS (UK), we are required to perform specific procedLires to respond lo the risk of management override. Audit response to risks identifled As part of an audit in accordance with ISAS (UIQ we exercise professional judgement and maintain professional sceplicism throughout the audit. Audit procedures performed by th& engagement team included.. We obtained an understanding of the company's internal control systems in ordèr to design audit procedures that arè appropriate in the circumstancès, bul not for the purposes of expressing an opinion on the effectiveness of the company's internal control. We obtained an understanding of how the company complies with relevant laws and regulations, including aviation and environmental compliance requirements, by making enquiries of management and those charged with governance. Enquiry of management, those charged with governance and the enlity's solicitors around actual and potential liligalion and claims. Enquiry of entity staff lo identify any instances Df non-complian with laws and regulations. Performing analytical procedures to identify any unusual or unexpected relationships Ihal may indicate risks of material misstatement due lo fraud Reviewing minutes of Steering GrDUP meetings Reviewing financial slalement disclosures and testing to suppcirting documentation to assess compliance with applicablè laws and règulations. Auditing the completeness of income to address the risk of fraud in revènue recognition. Auditing the risk Df management override of conlrDls, including through lesling journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business. We communicated relev2nt laws and regulations and potential fraud risks to all engagement team Members, and remained alert lo any indications of fravd or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and règu5alions is from the events and transactions reflected in the financial slalements, the less likely we would become awaE of it. Alsc), the risk of not detecting a material misslalement due to fraud is higher than the risk of not detecting one resulting from Error, as fraud may involve deliberate concealment through collusion, forgery, intentional omissions, misrepresentations or the override of internal control. A further dÈscriplion of our responsibilities is available on th& Financial Reporting Council's website al.. https'.11 www.frc.org.uklaudilorsresponsibiSities. This description forms part of our auditor's report.
NORTH EST PL YRES CE CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NORTH WEST PLAY RESOURCE CENTRE The purpose of our audlt work and to whom we owe our responsibilities This report is made solely lo the company's members. as a body, in accordance with Ghapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken 50 that we might slate lo the company's members those matters we are requirèd to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not attcepl or assume responsibility lo anyon& other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formod. John Love {Senlor Statutory Audltorl for and on behalf of Moore INI) LLP 24 October 2024 Chartered Arcountsnts Statutory Auditor 21123 Clarendon Street DerrylLondonderry BT48 7EP 13-