finegan. sibson Our Ref: 69001CADINF Date: 19 June 2023 a c c o u n t a n t s Private & Confidential The Board of Trustees Oasis - Caring in Action 81-83 Castlereagh Street Belfast BT 4NF Dear Members REPORT TO THOSE CHARGED WITH GOVERNANCE I'he audit of the financial statements of Oasis- Caringy in Action (Oasis) for the year ended 31 December 2022 is complete. In line with Auditing Standards, we arc writing to advise you of audit conclusions, sigynificant Inalters arising diiring ihe course of ihe audil and other matters which are significant to the finanLial reporting process. As auditors, we are responsible for fomiing and expressingi an opinion on the financial statements that have been pi'epared with thc oversigiht of those charged wilh governancc. As such, our tests are designed to assist us in formingi our opinion and should not be relicd upon to disclose all errors, i¢gUlarItieS or control defiLiencies tliat exist. The audit does not relievc managyement or those charg7cd with governance of their responsibil ities. Audit opinion The results ot OLir audit work indicate that the financial statements presented are free of matcrial misstateinents and are I'cpresented fairly in accordance with Generally Accepted Accoiinting Principles (GAAP) applicable to the enlity. Thus we have issued an unqualified audit report on the financial statcm¢nts. Going concern During the course of the audit, we did not id¢ntify or become aware of any events or conditioiis that may cast a significant doubt on the entity's ability to continue as a going concern. A5 a result, we concur with your assessment that the use of tlie going concern assumption is appropriate in the preparation and presentalion of the financial statemenls. Fraud Auditing standards require us lo report any identified frauds, indications of fralid or any other relevant mattcrs related to fi'aud. We have nothing to report in this I'egard. We do however draw your attention to the points raised in Appendix I which in our opinion would strengthen your control environment. Laivs and regulations No matters involving non-compliance with laws and regulations came to our attention during the course of the audit. This repori has been preparedfor ihe 501e use ofihose charged wilh governance of Oasis n71151 nof bff shown lo ihirdparlies wiihoiil oiirpi'ior consenl. No wesporFsibil£ty is assiimecl bv Fineg(In Gibson Lid iOMJards c7nV thirdparty acling or refrainivgfrom aclion as a re5EIIi gfthis repoi't.
Misstatements Attached is a list of all misstatements. Related parties No significant matters arose during the audit in connection with related parties. Subsequent events We perfomied procedures designed to obtain sufficient appropriate audit evidence that all events oCCu1n8 between the date of the financial statements and the date of the audit report that requtre adjustment, or disclosure in, the financial statements have been identified. Audit procedures identified no material subsequent events which required adjustment or disclosure apart from those already accounted for or disclosed. Internal control During the course of the audit we identified a number of recommendations in relation to improving the internal control framework of the organisation. These are set out in detail at Appendix l. In summary, O priority 1, 4 priority 2 and 3 priority 3 observations were noted. These are set out in detail at Appendix 2. We have graded our management report observations as follows: An issue which requires Urgent management decision and action without which there is a substantial risk to the achievement of key business/system objectives, or to the reputation of the organisation. 0rity2 An issue which requires prompt attention, as failure to do so could lead to a more serious risk exposure. Improvem¢nts that will enhanc¢ th¢ existing control framework andlor represent best practice. Acknowledgement We received full cooperation from Oasis Caring in Action personnel during the course of the audit. We would like to take this opportunity to acknowledge the courtesy and assistance extended to us during the audit process. Yours faithfully, Finegan Gibson Ltd CharleredAccounlanls & RegisteredAudilor This repori has been preparedfor the sole use ofihose charged wiik governance ofoasis and musl ng1 be showu lo ihirdparlies wiihotsi 0rPrI0r cortsent. Ivo respot7sibility 15 assNpned by Finegan GEbsoA Lid towards any thirdparty acting or refrainingfro action os a resuli ofihis report.