Draft Financial Ststsments at 27 March 2023 at 15:56:26 LAKELAND COMMUNITY CARE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LAKELAND COMMUNITY CARE LIMITED Opinion We have audited the financial Statements of Lakeland Community Care Limited (the 'charily') for the year ended 30 November 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial slalements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Reporting Standard 102 The Financial R8POrting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial slatements= give a true and fair view of the state of the charitable company's affairs as at 30 November 2022 and of its .incoming resources and application of resources, induding its income and expenditure, for the year then ended; have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in ac¢ordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit 'rn accordance with Intemational Slandards on Auditing (UK) {ISAs (UK)) and applicable law. Our. responsibilities under those slandards are further described,in.the Auditoffs responsibilities for the audit of the 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 staternenls 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 eviden¢8 we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion5 relatlng to going ¢oncern In auditing Ihe financial statements, we have concluded that the trustees, use of the going ¢oncern basis of accounting in the preparation of the financial statements is appropriate. .Based on the.work we have performed, we have not identified.4ny material uncertainties relating to events or. conditions that, individually or colle¢tively, may &3st slgnifiOant'd(iubt on the Charity's ability to Continue as a going con¢em for a period of at least bNelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trusteès with respect to going ¢oncern are de5¢ribed in the relevant sections of this report. Other infomiatlon The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to Ihe extent othewise explicitly stated in our report, we do not express any form of a55urance conclusion thereon. Our responsibility is to read the olher 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 misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to 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 lo report that fact. We have nothing to report in this regard. Opinion$ on other matters prèscribed 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 financial year for which the financial statements are prepared, which includes the directors, report prepared for Ihe purposes of company law, is consistent with the finanGial statements. and the directors. report included within the trustees. report has been prepared in accordance with applicable legal requirements.
Draft Flnanclal Statements at 27 March 2023 at 15:66:26 LAKELAND COMMUNITY CARE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LAKELAND COMMUNITY CARE LIMITED Matters on whlch we are requirnd to report by exception In the light of the knt)wledge and understanding of the chariiy and its environment obtained in the course of the audit, we have not identrfied 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 rf, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visiied by us: or the financial statements 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 receiveJ all the information and explanations we require for our audit: or the trustees were not entitled to piepaie the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees. report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees. rèsponsibilities, the trustees, who are also the directors of the chatily for the purpose of company law, are resp.onsible for the preparation of the financial statements and for being ' sali4fied that they gNe a true and fair view, and for such inlema! ¢ontrol as the trustees'determine" is necessary to enable the preparation of finan¢ial statements that are free from malerial misstatément, whether due to fraud or error. In preparing the financial statements, the Iwstees are responsible for assessing the chariiy's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realisti¢ altemative but to do so. Audltorfs responsibilities for the audlt of the finan¢ial Statements Our objectives are lo obtain reasonable assuran about whether the finan¢ial statements as a whole are free from material misstatemènt, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. -*#rYdble assur3nce.is a high level ol assurance but is not a{gu?rantee.thal an atsdit.conducted in.accfjrdance w,'Ih ISAS jUK> will always detecl a material n1isstatethefit Whèn It èxists..IssIatÉMenls Can arise frcim fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are Gapable of detecting irregularities, including fraud, is detailed below. Extent to which the audit was considered Capable of detecting irregularities, including fraud The objeclives of our audit in respect of fraud, are,. to identify and assess the risks of material misststement of the financial statemenis due to fraud,. to obtain sufficient appropriate audit evidénce regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks. and to respond appropriately to instances of fraud or suspected fraud identrfied during the audit. However, the primary responsibilty for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company. Based on our understanding of the chatitable company and its operating environment. we determined that the most significant frameworks which have a direct impact on the preparation of the financial ststements are those related to the reporting framework, (FRS 102, Ihe Charities Act (Northem Ireland) 2008, The Charities {Accounts and Reports) Regulations (Northern Ireland) 2015, the Charity SORP and the Companies Act 2006). Additionally, we concluded that there are significant laws and regulations in relation to the companys charitable status and activities of which non4ompliance may have a material effect on the financial statements, W8 assessed the SU5Q1bilIlY of the charitable company's financial statements to material misstatement, induding how fraud might o¢cur. including evaluating management's incentives and opportunities to manage eamings or influence the reported results. From the results of our assessmenl, we determined that the principal risks of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed by the donor. In common with all audits under ISAS {UK), we are required to perform specific procedures to respond to the risk of management override. 10-
Draft Flnancial Ststements at 27 March 2023 at 15:56:26 LAKELAND COMMUNITY CARE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LAKELAND COMMUNITY CARE LIMITED Audit response to risks identlfled As part of an audit in accordance with ISAS {UK} we exercise professional judgement and maintain professional sGepticism throughout the audit. Audit procedures performed by the engagement team included: We obtained an understanding of the c4aritable companys internal control systems in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the charitable company's inlernal control. We obtained an understanding of how the charitable company complies with relevant laws and regulations, including those as a result of its registration with the Charity Commisston for Northern Ireland and charilable status with HM Revenue & Customs , by making enquiries of management and those charged with governance. Enquiry of management, those charged with goveman¢e and the entitys solicitors around actual and potential liligalion and claims. Enquiry of entty staff to identify any instsn¢es of non-compliance with laws and regulations. Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstat8ment due to fraud Reviewing minutes of meetings of those charged with govemance Reviewing financial statement disclosures and testing to supporting documentstion lo assess compliance with applicable laws and regulations. We tesl the c)mpleteness of income to address the risk of friaud in relation to revenue recognition. ALidiiir!g ihe ii¢k of management override of controls, induding ti)rouqh tesliD.g jo"rnai. entrie.s arid oitte.r adjustm". ts for appropriateness, and evalLiating the business rationale of signif,'cant tranSa.lorFS that are unusual or outside the normal course of business. Auditing the risk of use of charily funds outside of restrtctions imposed by the donor by review of funding letters of offer to identify restrictions. and review of funding claims prepared by management to ¢he¢k compliance with restrictions. We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indi¢ations of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit proc.edures described above and the furthe.r MoV.d non-compliance witblgws and regulations is from the events and transactions reflected in the finan¢ial statements, the less likely we would tsi drlecliilg d iiiai21 ial miSStaLeriiei li u..- 14¢(etriing one iESLiliiig frorn error, as fraud Inay involve delibefrate L&llal[lin( intentiona! omissions, misrepresentations or the override of internal control. A further derIPtIon of our responsibilities is available on the Financial Reporting Council's website at: https.'Il www.frc.org.uklauditorsresponsibililies. This des¢ription fomis part of our auditorfs report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Ch2Pter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the chantable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fvllest extent pemiitted by law, we do not accept or assume responsibi5ity to anyone other than the charilable company and the charitable company's members as a body. for our audit work. for this report, or for the opinions we have formed. John Love (Senlor Statutory Auditor for and on behalf of Moore {Nl) LLP Chartered Accountants ststutory Auditor 21-23 Clarendon Street Derry-Londonderry BT48 7EP 11