ort of the Inde endent Auditors to the Trnstees and Members of Wolnen's Resource and Develo ment A en Com an Limited Opinion We have audited the fInancial ststements of Women's Resource and Development Agency Company Limited (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Positioffj the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial retKYrting framewoTk that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelalld,. In our opinion the financial statements: give a true and fair view of the state of the charitable company's affaS as at 31 March 2025 and of its incoming resources and application of resourc&8. including its income and expenditure, for the year then have been Properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Stsndard 102 'The Financial Reporting Statldard applicable in the UK and Republic of Ireland and have been prq)ared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Stsnd2rds on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditors, respoiisibilities for the audit of the fllwicial statcrn¢nts section of our reporL We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard, and the provisions available for small entities, in the CiTcumstances set out in note 18 to the fInancial statements, and we have fulfilled our other ethical responsibilities in accoidance with these requtrements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions re]ating to going concern In auditing the financial statements, we have concluded that the Intees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfornieiL we have not identified any material uncertainties relating to events or conditions thaL individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the tn]stees with respect to going concern are described iTh the relevant sections of this reporL io
ort of the Inde endent Auditors to the Trnstees and Members of Womenls Resource and Develo ment A en Com an Limited Other information The trnstees are responsible for the other inforn]ation. The other infornjation comprises the infonnation included ID th¢ Annual ReporL other than the fanCIal statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inforn]ation an(L except to the extent otherwise explicitly stated in our rq)orn we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inforniation and, in doing so, consider whether the other inf0mtion is materially inconsistent with the fmancial statements OT our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detennine whether this gives rise to a material misstatement in the financial statements themselves. Jf, based on the work we have perf0rnie we conclude that there is a material misstatement of this other inforniation, we are required to report that fact. We have nothing to report in this regar(L Opinions on other matters preseribed by the Companies Act 2006 In OUT opinion, based on the work undertaken in the course of the audit: the information given in the Report of the TnteeS for the fll]ancial year for which the fanCIal statements are prepared is consistent with the financial statements" and the Report of the Tnte¢S has been prepared in accordance with applicable legal requirements. M2tters on whicb we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audiL we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you il, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not n)ade' or we have not received all the infomiation and explanations we require for our audit. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Tntee5. Responsibi]ities of trustees As explaTned more fully in the Statement of TnLStees' Responsibilities, the trustees (who are also the directOTS of the charitsble company for the pUOseS of company law) are responsible for the preparation of the financial statements and for being satisfled that they give a true and fair view, and for such internal control as the trustees deterniine is necessary to enable the preparation of financial statements that are free from material misstatemenl whether due to fraud or eTror. In preparÉng the financial statements, the trustees are responsible for &8sessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unl¢&s the trustees either intend to liquidate the c]witabl¢ company or to cease operations. or have no realistic alternative but to do so.
Re ort of the Inde endent Auditors to the Trustees and Members of Women's Resource and Develo ment A enc Com an Limited Our responsibfilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements &8 a whole are free from material misstatemenL whether due to fraud or error. and to issue a Report of th¢ Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatcment when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Irregularities. including fiau(L are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect matrial misstatements in respect of irregularities, including frau& In particular, we looked at where management made subjective judgements, for example in respect of accounting estimates that involved making umptIonS and considering tUre events thal are inherently uncertain. We also consided potential financial or other pressures, opportunity and motivations for fraud. As part of this disC$S1on, we identified the intemal controls established to mitigate risks related to fraud OT non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and tsting of manual journals and key estimates and judgements made by management for risk of fraud. Based on our understanding of the company and industry, we identified the principal risks of non-compliance with laws and regulations as those that have a direct impact on the detennination of material amounts and disclosures in the financial statements. We evaIuatd management's incentives and opportunities for fraudulent manipulation of the financial stafrments and identified the greatest potential for fraud. We communicated the identifIed laws and regulations throughout the audit team and remained alert to any indications of no0Mpliance throughout the audit. Audit procedures perforn]ed includel but were not limited to: Discussions with management including consideration of known or suspected instan8 of non-compliance with laws and Tegulation and fraud. Reviewing the fmancial statement disclosures and testing to supporting documentation; Review of board meeting minutes of those charged with governance. In addressing the risk of fiaud through managernent override of controls, testing the appropriateness of journal entries and other adjustments. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also".- Identify and assess the risks of material misstatement of the fmancial statements. whether due to fraud or error. design and perforni audit procedures reSnSive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a b&sis for our opinion. The risk of not detecting a material misstatement ttsulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentstions, or the overrid¢ of internal control. Obtain an understandino of internal control relevant to the audit in order to desion audit procedures that are appropriate in th¢ circumstances, but not for the purpose of expressing an opinion on the effeclivencss of the charities internal control. 12
ort of the Inde endent Auditors to the Trustees and Members of omen's Resource and Develo ment A enc Com an Lirnited Evaluate the appropriateness of accounttng policies used and the reasonablencss of accounting estimates and related disclosures made by the trustees. Perfom) analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud or error. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions tbat may cast significant doubt on the charities ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our audIr,S report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditofs rq)ort. However. tllre events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure. and contcnt of the financial statements, including the disclosures and whether the fanCIal statements represent the underlyino transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and tlming of the audit and significant audit findings, including significant deficiencies in internal control that we identify during our audiL A ftther description of our rewnsibilities for the audit of the fanCIaL statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our Report of the Indq)endent Auditors. Use of our report This report is made solely to the charitablc companvs members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's membets those matters wc are required to state to them in an auditors, report and for no other purpose. To the fullest extent peitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable companys members as a body, for our audit wo, for this repoQ or for the opinions we have forni¢d. Alistair J Wells (Senior Statutory Auditor) for and on behalf of Lynn Drake & Co Ltd Statutory Auditors 1st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE I I September 2025 13