Greater Shantallow Area Partnership Limited (A company limited by guarantee) Independent audltor's report to the trustees of Greater Shantallow Area Partnership Limited Report on the audlt of the financial statements Oplnion Wc hove audiied Ihc financial slalcmellis of Grejier shanlI0W Arca Parlnership Lirnilcd for the year endcd 31 March *073 which ¢ompri5e the Sialemcnt of Financial Activitics, Ihc Bnlunce Shcct. Ihc Cash Flow Slalemenl and ihc relaied noics 10 ihe financiul sItcrncni5, including 4 Summary of significant accouniing policies sei out in nolc l. Tr financial reponing framework Ihal has bcen applied in iheir preparnlion is applicablc Northern I land law and FRS 10? "The Finnncial RcportiT]g Siandord llpplicablc in Ihc Uniicd Kingdom and Republic of Ireland" and the Accouniing and Reporting by Charilies.. Siatemeni of R¢¢ornrn¢ndcd Praclicc (Charities SORPI applicoble io charilies preparing ¢h¢ir a¢¢ounts in uccordancc with FRS 102. In our opinion Ihc financial 51alements: givc o Irue and fair vicw ol Ihc asscis, liabiliiiesttnd f1Th1ncial Posilion of ihe chnTithble company's nffnir5 as al 31 March ?013 lind of ils incoming resouwes and applicu¢ion of resources. including 115 Incon llnd cxpcndiluTe. for lh¢ ycar ihen ended: hove bcen propcTly prcpurcd in llccordllnce with FRS 10? "The Finuncial Reporting Slandard applicabl¢ in Ihc UK and R¢public of Ircland" as applied wilh rcgards to ihc Charaiies SORP: arKI hove been propcTly prcpared in occordan¢¢ wilh Ihc requircm¢nts ofihe Compunic5 Aci ?006. Basls of opinion Wc conducied our ttudil in accordunce wilh Inicrnalionul Sillndnrds on Audiiing (UK) (ISAS UK) and applicable luw. Our responsibiliiies under Ihosc slnndards llre furiher dcscribcd in ihe Auditor's rcsponsibililies for Ihc ttudit of ihc rinllnriul slalcmcnls seclion of OUT rcport. We are ind¢pcndeni of Ihc ehurily in accordanc¢ wilh cihicol requiremcnis Ihai orc rclevanl lo our audii or rinnncial 51alcmcnls in Ihc UK und Northern Ircland. including Ihe FRC'5 Eihical Sillndard for Audilors. Dnd we havc fulfilled our (Mher cihical rcsponsibililies in accordunce wilh ihcsc rcquircmcnis, Wc bclicve thal Ihc audil cvidcnce we hJv¢ obiaincd is 5u(ficienl and appropriuic lo provide D bttsis for our opinion. Wc have undertokcn the audil in accoTdancc with th¢ requircmcnis of APB Eihicul Sndards including APB EihicTrl Sthndard - Provisions Availublc for Smull Enlilies. in th¢ circum51ances set oui below: In common wilh mllny oihcr businc55cs of our size and nature we usc our audiiors lo prcpaTe and submil rclurn% lo the lax au(horiiies and assisi wilh Ihc prcparolion of lh¢ financial slalcrnenls, Concluslons relatlng to golng eoncern Wc huve nothins Io T¢porl in rc5pect of Ihe followinsv maiief5 in rclaiion 10 which ISA {UK) require us lo rcport lo you whcrc: Ihc Iru$lccs usc of thc going conccrn basis of llccounlinB in (hc prcparnlion of Ihc financial 51alcmcnis is noi approprial¢: or the Irusie¢5 havc discloscd in Ihc financial Slaicmcnis any idcniified malcrial uncertllinlics Ihul may cast signifi¢ani doub( about (he charily'5 abilily lo coniinuc 10 adopi Ihe going concern bnsis of uccouniing for & riod or ai least Iwclvc monihs from ihe daic when the finllncial Sthlcrncn15 are nuthoris¢d for issue. Other Information The irnstees llrc responsiblc for ihe oiher infomialion. Thc olh¢r informalion Lumprises the infonnaiion incluijed in ihc annual rcporl other thun Ihc financial Siulcmcnis and our Audi10rf5 Report Ihereon. Our opinion on ihc financial Slalcmcnts does nol cov¢r ihc oiher informulion and. exccpi to ihc exlcni otherwisc explieiily slalcd in our rcport, we do not cxprcss any forni of llssurancc conclusion Ihereon. Puge 13
Greater Shantallow Area Partnership Limited (A company limited by guarantee) In conneciioD with our uudii of ihe financial 51alemenis, our rcsponsibilily IS lo rcad Ihc oiher infonnlliion and. in doing so. consider whcihcr the oiher infoTrnsilion 15 maierially ineonsisteni with the fJnanciJl slatcmcnls or our knowlcdge obiuincd in the audil, or oiherwise llppejrs lo be mal¢rially mi551ulcd. 11 we idcniify such material inconsislcncics or apparent malcrial mi5slalcmenis, we are requircd io deierminc whdher Iherc is a maicrial misslaicmeni in the financial staiemenis or ll malcrial MissialenL of Ihc othcr infomlltion. 11. based on Ihe work wc have pcrforn)ed, we conclude ihcrc is a maierial missiaiemeni ofthis oihcr inlonnation. wc arc rcquired to rcpon ihal fllei. We have nthhing lo rcporl in Ihis rcgar<J. Oplnions on other matter prescribed by ihe Companie5 Act 2006 Based solcly on Ihc work undertaken in Ihe coursc of thc audii, we rcport iknt: In our opinion, the informotion given in ihc Trusiees. Report is consi51cnl with Ihe financiDI slalernenls. In our opinion, the Trusiees. Report hus bcen prepiircd in accordance with the requiremcn15 of ihc Companies Acl 2006. Wc have obiaincd all ihe infomiaiion and cxplnnaiions which we consider neces54ry for Ihe putpose of our audil. In our opinion. thc uccounling records ofthc chariiy w¢rc surricienl lo p¢rniil ihc financiol Slalcmenis io bc Tcudily ond properly au(lilcd, and ihc financial siuicrncnis arc in xsrccmcnl wilh Ihc accounting records. Matters on which we are required to report by exception Bascd on Ihe knowledgc and undersittnding 0( Ihe charily and ils environmcni obiaincd in Ihc course of Ihc audit. W¢ havc noi id¢nlificd uny material missiaiemtnt5 in ihe T51cC5, Reporl, We have noihing Io TCPOrt in respcci of Ihc lollowing m&Liers whcrc Ihe Companies Aci 21NJ6 requires us io report lo you if. in our opinion.. adequlllc llccouniin8 record5 hilvc been kepi or rciurns adcquulc (or our uudil have noi been ¢¢iVe from branches noi visilcd by us; or th¢ finuncial Slal¢mcn(s arc nol in agrecmenl wilh Ihe accouniin&Y reL'ord¥ Jnd rciurn5: or c¢nain disclosurcs of irusiee5' rcmuncraliun 5pccificd by law urc noi made: or we htsv¢ nol rcccived ull Ihc Infornlion and cxplanalions we require for our audil; or Ihc tNslccs' wcrc noi eniiilcd io prepllrc Ihc financial slulcmcnts in accorijanec wilh ihc small componic5 rcgimc and lakc advanillge of Ihc smoll companics cxempiion in prcparing ihe T51¢¢5, AnnuDI Rcport. Rcspectlve responslbllltles Respective responsibilit1 of the trustees A5 cxpluincd more fully in Ihc Truslecs, R¢5ponsibililics Siaicmcnt scl 0( in ihc TTU51ces' R¢port. Ihe irusl¢¢s' (who arc also dircclors for Ihc purposL's Df company law) ure rcspon5iblc for the preparniion of ihc financial slaiemcn15 and for being salisficil ihui ihcy givc a ITue und fair vicw, and for .%ueh inlernal control as Ihcy deicmine is ncccssllfy lo cniiblc Ihe prepurulion or rinthneial slaiemenis Ihul arc frcc from maicriiil mlssiotemenis, whcther duc lo fraud or ¢rror. In prcparing ihc financial 51ulem¢nis, Ihc iruslccs are respon5iblc for ass¢55in8 the chariiy's ability io coniinuc as a going conccrn, disclosing. a5 applicuble. mallcr5 rclaled 10 going concern llnd using Ihc going concern busis of accouniing unle55 mJnJg¢mcni ciihcr iniends io liquidate the charily or lo cease opeTaliuns. or has no rcalisiic ali¢rnalivc bui 10 do 50. Audllor5'5 rosponsibilitles for Ihe audll of the fin4nclal Statements Our objectives aTe lo obthin rca50nublc Jssurance lllx)ul whcihcr ihe financial slai¢mcnls lls u whole arc frec Irom maicrial missiaicrncni, whether duc lo frklud or error, and Io issue an Audiior's Report ihat includc5 our opinion, Reasonablc a55UTanc¢ is J high Icvcl ol assurancc. bul is nol a guariinlee Ihut an Judil conducied in accordonce wilh ISAS (UK) will always dciecl u malcrial missiaiemcnt when IL exists. Misslatemenis oan ari5c from fraud or crror and Jrc considcred maieriJl if. individually or in Ihc aggregate, Ihey could rellson#bly be expccicd lo influenc¢ ihe economic decisions of ts5crs laKcn on Ihe basis ol Ihesc finaneial 51alcmenls. As pan of an audil in accorduncc wilh ISAS (UK). we exercisc professional judgcmcnl and maintain professional 5ccplicism Ihroughout ihc audii. Wc also: idcnlify llnd assess thc risk.s of malcrial miss1aletnI ofihe financial siaiemcnis, whcihcr duc lo fruud or eOr.¢,l? and perforvn audil procc(lurc.$ rcsponsivc io ihose risk5. 4ind obiJin audit cvidcncc Ihal is .4ufficieni and appropriolc to provide a basi5 for our opinion. The risk of noi dciecting a mtsierial miSSlÈilcmeni rc5uliing from frdud ss higher than ror onc rcsuliing from error. as fraud may involvc collusion, forgery, inlcniionlll ornis5ions, misrcprc5cnlolion5, or Ihc oveThidc of inlcrnol conirols. Page 14
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Obthin on uudcTslanding of inicmal conirol relevant lo Ihc audii in order to design procedures Ihai are appropriate in the circumsiances. bui noi for the purp05c of cxprc55ing nn opinion on Ihc cffcclivcncss o( thc inicrnal control. Evaluaie ihe appropriaieness ol accounting lIe1c5 Used and reusonllb1en5 of 1counting cslimaies and related di5closurcs mlldc by Ihc Irusie¢s, concludc on ihc appropriatenes5 of Ihc direciors usc of Ihc Eoing concern bllsis of uecounling and. btsscd on Ihc audii cvidence obillined. wheiher th malcrial unccrtainly cxisls relaied lo cven15 or conditions that may cast signifieanl doubt on ihe charity's abilily io coniinue lls a going concern. Ir we conclude thal a nuleriul uncertuinly exisls. we arc required lo druw all¢nlion in our uudilor's report lo thc rclaicd disclosures in Ihc financial SMcn(S or, if such dise105urcs urc inadcquate, to modify our opinion. Our conclusion5 arc bused on ihc audit evidence obiaincd up io Ihc dJte of our auditor's report. Howevcr. fuiure evemLS or eondiiions rnay cau5c the charily lo cea5c lo coniinuc as n Boing concern. Evaluulc ihc ovcrnll prcscntaiion. struciure und Colllenl of ihe finoncilll sllltemen15. including ihc di5¢105ures, and whcihcr Ihe financial 51ulemenls r¢pTcscni Ihc underlying Iranswiions and cvenis in a manner thll( achicvcs fair prcscnlaiioti. We communicaie wilh thos¢ charged wilh governancc rcgarding. llmng oiher maller5. the planned scopc and liming of Ihc audii und significant audii findings, includin8 Dny sisnificsini defiricncics in iniernal conirol ihui we ideniify during our audii. The purposo of our &udit report and to whom we owe our responslbilities This report is mnde solely io Ihc charity's (Nslees. US ll body, in accordancc wilh Chapler 3 0( Pun 16 of Ihc Companies Aci ?006. Our audil work has bccn undcrtaken so Ihai we mighi sllltc lo Ihe chariiy's tn151cc5 Ih05e mollers w¢ ore rcquircd lo slalo lo ihem in nn nudiior's report and for no oiher purposc. To Ihc fullcsi exicnl pcrniiiicd by law, we do not cccpt or ossumc rcsponsibiliiy io llnyone oihcr Ihun Ihc churily ond the charily's Iru51ccs as n body. (or our oudii work. ror thi5 rcpon. or for the opinions wc have formcd. SL, 41,v Shaun McGinty Isenlor StalutoryAuditor) For and on behalf of Shaun McGinty & Co (Statutory Auditor) Chartered Accountants and Registered Audllors 44 Woodbrook Derry BT48 8FF 15 December 2023 Puge 15