THE CHURCHES, VOLUNTARY WORK BUREAU Company limlted by guarantee Independent auditors, report to the members of THF, C.HITRCHF,S' VnT,TJNTARY WORK BUREAU Opfinion We have audited the financial statements of THE CHURCHES, VOLUNTARY WORK BUREAU (the charitable company) for the Ye ended 31 March 2024 which Comprise the statem¢nt of financial activities, the statement of financial position, the statement of cash flows and the notes to the financial statemcnts, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The FiDancial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitablc company's affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and cxpenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requir¢ments of the Companies Act 2006. Basis for opinion 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 Auditols responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the fmancial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financlal statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on tlie work we liave performed, we have not identified any matcrial unccrtainlies relating to events or conditions that, 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 statcmcnts are authoriscd for issu¢. Our responsibilities and the responsibilities of the lste¢S with r¢spcct to going concern are described in the relevant sections of this report. Other information The other inforn)ation comprises the information included in the trustees, annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the oth¢r information and, except to the extent otherwise explicitly stated in our reporL we do not express any form of assurance conclusion thereon. Page I
THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Independent 9udfitors' report to the members of THE CHURCHES, VOLUNTARY WORK BUREAU Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowlcdge obtained in the audit or otherwise appears to be materially misstated. If we identify siich material inconsistencies or apparent material misstat¢menLs, we are rcquired to determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work w¢ have perfornied, we conclude that there is a material misstatement of this other information, wc are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies At 2006 In our opinion, based on the work undertaken in the course of the audit: the inforn]ation given in the trustees, report (incorporating the directors, rcport) for the financial year for which thc financial statements arc prepared is consistent with the financial statements. and the dir¢ctors' report included within the trustees, report has b¢en prepared in accordan¢¢ with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting rerdS have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the financial ststements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not r¢cciv¢d all the inlormation and explanations we require for our audit. 01 the trustces were Dot entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemption in preping lh¢ Irustees, report aiid from tlie requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors of the charitable conipany for the purposes of company law) are responsible for the preparation of th¢ financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. Page 2
THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Independent auditors, report to the members of THE CHURCHES, VOLUNTARY WORK BUREAU In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicablc, matters rclated to going concern and using the going concern basis of accounting unless th¢ trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alt¢rnative but to do so. Auditor's rpOnsIbIlitieS for the audRt of the financial statements We have been appointed as auditor under section 65(2) of the Charities Act (Northern Ireland) 2008 and Kport in accordance with regulations made under section 66 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are frcc from matcrial misstatemcnt, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantcc that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arisc from fraud or error and are considered material if, individually or in the agggate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregiilarities, including fraud is detailed below: Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to the regulatory requirement of small charitable companies, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, income tax, payroll tax and sales tax. Audit procedures performed included the following: - Inspecting correspondence with regulators and tax authorities. Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulations and fraud. - Evaluating manag¢menVs controls designed to prevent and detect irregularities. Identifying and testing journals, in particular journal eutries posted with unusual account combinations, postings by unusual users or with unusual descriptions. and - Challenging assumptions and judgements madc by managcment in their critical accounting estimatcs. 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 financial statements, whether due to fraud or error, dcsign and perforni audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Page 3
THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Independent auditors, report to the members of THE CHURCHES, VOLUNTARY WORK BUREAU obtain understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effcctiveness of the charitable company's internal control. evaluate the appropriateness of accounting policies used and th¢ reasonableness of accounting estimates and relaled disclosures made by the trustees. conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidcnce obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's abilily to continue as a goillg concern. If we concludc that a material uncertainty exists, we arc required to draw attention in our auditor's r¢port lo the related disclosures in the financial statement, or, if such disclosures are inadequatc, to modify our opinion. Our Conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying 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 timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charitable company's 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 members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitsble CoMpanS members &s a body, for our audit work, for this report, or for the opinions we have fomied. Mccullougli (Senior Statutory Auditor) (Ir and on behalf of McDaid Mccullough Moore Chartered Accountants 2nd Statutory Auditor 28132 Clarendon Street Derry N. Ireland BT48 7HD 4 September 2024 Page 4