FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED Oplnlon We have audited Ihe financial ststements of Farset Yth and Community Development Limited {the 'tharlty') for the year ended 31 March 2023 which comprise the ststement of financial activrties. the balance sheeL the statement of cash flows and notes to the financial ststements. including signfficant accounting policies. The financial reporting fraMevrk that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Unlted Klngdom Generalty Accepted Accountlng Pracilce). In our oplnlon. the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of Its incoming resources and application of resources. for the year then ended. have been properly prepared in accordance wtth United Kingdom Generally Accepted Accounting Practi,. and have been prepad in accordance with the requlrements of the Companies kt 2006. Basis for oplnlon We conducted our audit in accordance with Intemational Stsndards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Audiloffs responsibilities lor the audit ol the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audlt of the financial ststements in the UK, including the FRC'S Ethical Standard. and y have fulfilled our other ethical responsibilibes in a¢¢ordance with these quIrements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu¥loM relatlng to golng ¢on¢em In auditing the financial slatements. we have concluded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identffied any material uncertainties relating to events or conditions that, individualty or collectively. may cast signrficant doubt on the charity's abilty to Continue as a golng concern for a period of at least bNelve months from vthen the financial statements are authorised for issue. Our responsibilities and the responsibilltles of the trustees Vth respect to going ¢oncem are described in the relevant sections of this report. Other Infomiallon The other infomation comprises the infomiatlon Included In the annual report other than the finarKial slatemenls and our auditorfs report thereon. The trustees are responsible for the other infomiation contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibilty is to read the other information and. in doing so, consider vthether the other information is materially inconsistent wrth the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misststed. If identify such materlal Inconslstencles or apparent material misstatements, we are required to detennine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied. we condude that there is materfal misstatement of this other infomiation, we are required to report that fact. We have nothlng to report in thls regard. Mattor• on whlGh we are reqUIre to POrt by gxG?Pllon We have nothing to report in respect of the following matters In relation to vthich the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf, in our opinion.. the information given in the financial statements is inconsistent in any material respect *rfth the trustees. report- or sufficient aeeounting records have not been kept: or the financial ststements are not in agreement with the accounting records; or we have not received all the Infomiatlon and explanations require for our audit.
FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED Responsibilities of trustses As explained more fully in the statement ol trustees. responsibilities. the trustees. vtho are also the dlrectors of the charity for the purpose of company law. afe responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees detemiine Is necessary to enable the preparatlon of financial statements that are free from material misstatsment. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's abilty to continue as a going c¢)ncem, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees erther intend to liquidate the tharitable company or to cease operations, or have no realislic aeMatiVe but to do so. Audltor's responsibillties for the audlt of the financial statamonts We have been appointed as auditor under section 144 of the Charitles Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about *thether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an audf(orfs report 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 aVaYS detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expected to Influence the economic decisions of users taken on the basls of these finanual statements. The extent to which our procedures are capabk of detecting irregularities, induding fraud, is detailed below. A further descriptlon of our rèsponsibilities is available on the Financial Reporting Council's website at. https.'Il whw.fr¢.org.uklauditorsresponsibilities. This desrJiption fomis part of our auditorfs report. Use of our report This report is made solely to the company's members. as a body. in accordance Imth sectton 391 of the Companies Act 2014. Our audrt work has been undertaken so that we might state to the company's members those matters we are required to state to them in an audito¢$ report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibilty to anyone other than the company and the company's members as a body, for our audit work, for this reporL or ts the ownions we have fom)ed. Patrl¢k Mlscarnpbell (Senior Statutory AudEtor) for and on bèhalf of Migcampbo11 & Co 6 November 2023 Chartored Accountants Statutory Audltor 6 Annadale Avenue Belfast BT7 3JH Miscampbell & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under sectton 1212 of the Compan$ Act 2006.