CEIARTERED .4CCOUNTANTS YOUTH INITIATIVES (NORTHERN IRELAND) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH INITIATIVES (NORTHERN IRELAND) Oplnlon We have audited the financial statements of Youth Initiatives {Northem Irèland) (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activib'es, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting polici8s. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standards, including Financial Reportlng Standard 102 The Financial Reporting Slandard applicable in the UK and Republic of lffland (United Kingdom Generally Accepted Accounting Practice) In our opinlon, the financlal statements.. give a true and fair view of the state of the charllable company'$ affairs as at 31 March 2023 and of Its incoming resources and application of resources, including its incorne and expenditure, for Ihe year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi., and have been prepared in accordance wlth the raquirnents of the Companies Act 2008. Basls for oplnlon 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 Audito8 responsibilities for the audit ol tha financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial stalemerits in the UK. including the FRC'S Ethical standard. and we have fulfilled our other ethical responsibS1ilies in accordance with these fequirements. We believe that the audit evidence we have obtained is suffiaent and appropriate to provide a basis for our opinion. Conclusions relatlng to golng concern In auditing the financial slalements. we have concluded that the Trustee5' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identifièd any material uncertainties lating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as 8 90ing concern for a period of at least e1ve months from when the financial statements are authonsed for issue. Our responsibilrties and the responsibilities of the trustees with respect ta going concern are described in the relevant sections of this report. Alfred House 19 Alfredstreet BELFAST BT2 8EQ DX3910 147R Bet 50 Ceiiiury 14oube 40 Crescent BLI.iness Pdi'k LISBLTRNL BT28 2GN 17 lande¥l[le Street POR'fADOW Craig4lVOfL -r62 3Pkl Tel: +44 (0)28 9031 1113 FaL' +44 (0)28 9031 0777 Tel: +44 (0}28 9260 7355 Fax: +44 (0128 9260 1656 'l-L41-. +441012EI 3833 2801 +44 1(1128 3830 O->gJ ehartedAo7lUrytants l ttIaudltO1l l lrtEolAd¥itirj I ForeA¢(ots I corporatefAthl5Vrs GmcGisatt4th4lne0rGmcG GtThJpIirnW RryNo'.NtO59660. tirtofDktht¥mn•bk4ttetset•lth RcWttffIocollduttatWLkbyth1 1p$0£tQrAECoThfaDtslThIretsnd AMp]nknro(TlA-Aw0Ad7dÉA]Il•DCIoflndÉperI*£cwnthoIfrlrtl
YOUTH INITIATIVES (NORTHERN IRELAND) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUTH INITIATIVES (NORTHERN IRELAND) Other Infomiatlon The other infomiation comprises the infomalion included in the annual raport other than the finalar statements and our auditorfs report thereon. The trustees are responsible for the other infomiation contained wthin the annual report. Our opinlon on the financial statements does not cover the other information and, except to the extent otheiSe expllcltly slatsd in our report, we do not express any form of assurance conclusion Ihereon. Our responsiblllty is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially mlsstat8d. If we identify such material inconsistencies or apparent material misstatèments, we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fad. We have nothing to report in this regard. Oplnlons on other matters pr85¢rlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of our audit.. the information given in the Trustees, report for the fi'nancial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, Is conslstent with the financial statements,. and the directors, report included within the Trustees. repart has been prepared in accordance with applicable legal requirement5. Matters on which we are requlred to report by exceptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included withln the Trustees, report. We have nothing to report In respeGt of the following matters in latiOn to which the Companies Act 2006 requires us lo report lo you if. in our opinlon: adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accountsng records and returns. or certain disclosure5 of trustees. remuneration specified by law ar8 not made,. or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparlng ihe Trustees, report and from the requirement to prepare a strategic report. 10-
YOUTH INITIATIVES (NORTHERN IRELAND) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUTH INITIATIVES (NORTHERN IRELAND) Responsibllltles of trustees As explained more fully in the statem8nt of Trustees. rgsponslbllltie5. the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statement$ and for being satisfied that they glv8 a true and fair view. and for such Internal control as the trustees determine is necessary to enable the preparation of financial statements that a free from materlal ml$statem8nt. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charlty's ability to continue as a going concern, disdosing. as appllcablè, mattérs related to going concem and uslng the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audltor's responslbllltles for the audlt of the flnanclal statemonts Our objectives ar8 to obtain reasonable assurance about whether the financial statements as a who18 are free from material misstatement. 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 guarantee that an audlt conducted in accordance with ISAS (UK) will always delect a matenal misstatement when It exisls, Mi5Stalernents can arise frorn fraud or error and are considered material if, Individually or in the aggregate, they could r8asonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of d8tecting irregularitles, inGluding fraud. is detailed below. 11
YOUTH INITIATIVES (NORTHERN IRELAND) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUTH INITIATIVES (NORTHERN IRELAND) Extent to whlch the audlt was congldered capable of detecting Irregularltles, InGluding fraud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks. inGluding obtalnlng audit evidence thal is sufficient and appropriate to provide a bas15 for our opinlon. In identlfying and assessing potential risks of material misstatement in respect of irregularlli8s, including fraud and non-complian5 wlth laws and regulations. we consid8red the following.. The nature cf the industry and sector, control environment and business performance, including the ompany's remuneratlon pollcies for directots, bonus lavels and pèrformance targets. if any., Results of our enquiries of management aboLrt their own identification and assessment of the risks of irregularllles., Any matters we identified having obtalned ancl revlewed the company's documentation of their policies and procedures relating to.. Identifying, evaluating and complying wth laws and regulations and wh8ther they were aware of any instance of non-compliance.. Detecting and responding to the risks of fraud and whether they have knowl8dge of any actual. suspected or alleged fraud.. and The inlemal contro15 éstablished to mitigate risks of fraud or non-compliance with laws and regulations.. The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potenli81 indicators of fraud. As e result of these procedures. we considered the opportunlties and Incentlves that may exist within the company for fraud and iden15fied the greatest potential for fraud In revenue recognition. In common with all audits under ISAS {UKI. we are also required lo pèrform specific procedures to respond to the risk of managèment override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in. focusing on provisions of those laws and regulations that had a direct effect on the deterninatlon of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included Ihe Companies Act 2006, and local lax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but wmpliarice with which may be fundamental lo the company's ability to operate or to avoid a material penalty. 12-
YOUTH INITIATIVES {NORTHERN IRELAND) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEM8ERS OF YOUTH INITIATIVES (NORTHERN IRELAND) Audit response to rlsks Identiflad Our procedures to réspond to the risks identffied induded the following: Reviewing th8 financial statement disclosures and testing to supporting documentstion to assess compliance with provisions of relevant laws and regul8tlon$ described as having a direct effed on th8 financial statements., Enquiring of management concerning actual and potential litigatlon and dalms., Perfomiing analytical procedures to Idenllfy any unusual or unexpected relalianshlps that may indlcate rlsks of material misslalement due to fraud-, Reading minutes of meelings of those charged wlth 9oveTnance and reviewing correspondence wlth tax authorities-, and In addresslng the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting esllmates are indicative of a potential bias., and evaluating th8 business rationale of any significwt transactions that are unusual or outside the normal course of business. We also communicated relevant identlfied laws and regulalion5 and potential fraud risks lo all 8ngagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Owng to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some rnater6al mlsstatements in the financial statements, even though we have properly planned and performèd our audit in accordance with auditing standards. In addition, as wittt any audit, there remain$ a higher rlsk of non-delection of irregularities, as they may Involve collusion, forgery, intentional omissions, misrepr8senitations, or the override of internal controls. We are not responsible for preventing norrtompliance and cannot be expected to delect non- compliance with all laws and regulations. 13
YOUTH INITIATIVES (NORTHERN IRELAND) INDEPENDENT AUOITOR'S REPORT ICONTINUED) TO THE MEMBERS OF YOUTH INITIATIVES (NORTHERN IRELAND Use of our report This rèport is made solely to the company's members, as a body. in accordance with section 391 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state lo them in an auditols report and for no other purpose. To the fijllest extent pemitted by law, we do not acc8pI or assume responslbllity to anyone other than the company and the company's rnembers as body, for our audit work, for this report, or for the opinions we have formed. Mr Nlgol e FCA (S8nior Statutory Audltor) lor and on behalf of GMCG BELFAST Chartered Accountants statutory Audltor Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ 14-