Derry Well Women Limited (A company limited by guarantee) Independent auditor's report to the directors of Derry Well Women Limited Opinion We have audited the finan¢iaI statements of Derry Well Women Limitsd for the year ended 31st March 2023 which ' comprise the Statement of Financial Activities, the Balance Sheet and the related not¢s. The fmancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acc¢ptcd Accounting Practic¢) including FRS 102 "The Financial Reporting Standd applicable in the UK and .: Republic of Ireland.. This report is made solely to the charitable company's dire¢tOT5. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit WOTk has be¢n undertaken so that we might state to the charitable company's directors those Inatters we are rwuired to state to them in an auditovs report and for no other purpose. To the fullest ext¢tJt perniitted by law, we do not accept or a&8umc responsibility to anyone other than the charitable company and the charitable company's directors as a body* for our audit WOTK for this repoTL or for the opinions we have fornie(t In our opinion the financial staternents: 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 expenditure of resources. including its income and cxpenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Awted AcuntIng Practice. - have b¢en prepar¢d in acwrdance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit Tn accordance with Internationa] Standar<ts on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditovs responsibilities for the audit of the financial statements section of our report. We are indep¢ndent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in th¢ UK including the FRC'S Ethi¢al Standard, and we have fulfilled our other ¢thical responsibilities in accordance with these requirements. We b¢lieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial statcments is appropriate. Based on th¢ work we have perfornied, we have not identified any material uncertainties 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 th¢ financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are describeAI in the relevant sections of this reporL 27
Derry Well Women Limited (A company limxted by guarantse) Other inforniation Th¢ directors are responsible for the other infonnation. The other inforn]ation comprises the infomtIOn included in t directors, annual repor¢ other than the financial stst¢m¢nts and our auditoffs report thereon. Our opinion on the finan statements does not cover other inforniation an4 exCt to the extent othcrwise explicitly stat¢d in our repoit we do express any forni of assurance conclusion thereon. In connection with our audit of th¢ financial statements. our responsibility is to read the other infonnation and, in doing consider whether the other inforniation is rnaterially inconsistent with the financial statements or our knowledge obtaine the audit or otherwise aparS to be materially misstated. If we identify such material inconsistencies or apparent mate misstatements, we are required to detennine whether there is a material misstatement in the financial statements I material misstatement of the other inforn)ation. If, based on the work we have perfornied, we conclude that there material misstatement of this other inforniat1o we are required to report that facL We have nothing to report in this regar Opinion on other matters prescribed by the compani Act 21J06 In our opinion based on the Work undertaken in the course of the audit: - the inforniation given in the directors, annual report for the financial year for which the financial statements ar¢ prepare. consistent with the financial statements. and - the Directors Annual ReTK)rt has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by eieeption In the light of our knowledge and understanding of the charitable cornpany and its environment obtained in the course of audiL we have not identified material misstatements in the Directors Annual Rq)ort. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to yoi" in our opinion.. - adequate accounting records have not been kept" or - the financial staternents are not in agreement with the accounting record8 and returns: or - certain disclosures of diTectors' remuneration specified by law are not madc; or - we have not Teceived all the inforniation and explanations we require for our audit; or - the directors w¢re not entitled to pr¢pare the financial stat¢m¢Dts in accordance with the small companies regime and t. advantage of the small companies exemption from the requirement to prepare a strategic report. 28
Derry Well Women Limited (A company limited by guarantee) Responsibilities of the directors As explained more fully in the Diredots, Responsibilities Statement set out on page 26, the directors (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the finan stat¢m¢nts and for being satisfied that they give a true and fair view, and for such internal control as the directors detenn is necessary to enable the prepatation of financial statements that are free from material misstatemcnL whether duc to fr or error. In preparing the financial statements. the directors are responsible for wessing the charitable company's ability to conti &5 a going concern, disclosin& as applicablc. matters Telated to going concern and using the going concern basis accounting unless th¢ directors either intend to liquidats the charitable company or to ce&s¢ operdtions, or have no realis alternative but to do so. Auditor's responsibilities for the audit of the fwancial statsments Our objectiv¢s are to obtain re&80nable assurance about whether the financial statements as a whole are free from mater misstatcment, whether due to fraud or eOr, and to issu¢ an auditoffs report that Includes our opinion. Reasonabl¢ assuran is a high level of assurance, but is not a guarantee that an audit conducted in aGrdance with ISAS (UK) will always det a material misstatemcnt when it exists. Misstatements can arise from fraud or effor and are Considered material individually or in the aggregate. they could re&sonably expected to influence the economic decisions of users taken the basis of thes¢ financial statements. Explanation as to whal extent the audit was Considered capable of detecting irregularities, including fraud. Irregularities, including frdud. aTe instances of nonmplIance with laws and regulations. We design procedures in line wi our r¢sponsibiliti¢s, outlined above, to detect material mi>atements in respect of iTregularitt¢s, including fraud. Howev the primary responsibility for th¢ prevention and detection of fraud lies with management and the board of directors of t charitable company. Identifying and asSIllE potentiydl risks related to irregulariti In identifying and &ssessing risks of material mi&statement in respect of irregularitics. including fraud and non-complian with laws and regulation4 we consider¢d the following: - th¢ nature of th¢ industy, sector and the specific control environment which it operates in: - the charities own assessment of the risks that itregularities may 0Ur, either as a result of fraud or error. - representations and results from OUT ¢nquiri¢s with management and the board of directors about their own identificati and assessment of the risks of irregularities" enquiries of nianagem¢nt relating to cash handlin& reviewing the policies and procedures relating to cash handling a cash recognition; - any matters we have identified having obtained and reviewed the Charities policies and procedures relating to. * identifying and a&qessing if laws and regulations are compliant and whether they are aware of any instances non-compliance" * detection and response to the risk of frdud and whether they are aware of any actLW], suspected or alleged fraud instances. * the internal controls designed to mitigate risks or fraud or non-compliance with laws and Tegulations. and to minimise ris of Tnanagement overrides of such controls. all matters discLLssed among the audit cngag¢ment t¢am regarding how and Whe fi3ud could occur and the potenti indicators of fraud. As a result of these procedures, we considered th¢ opportunities and incentives that may exist within the charity for fraud The audit includ¢d assessing the procedure5 and evaluating the c&8h handling procedures. In common with all audits und ISAS (UK). we are also r¢quired to perforn) specific procedures to r¢spond to the risk of management override. 29
Derry Well Women Limited (A company limited by guarabtee) We also obtained an understanding of the legal and regulatory frameworks applicable to the charity and considered tha most SI)ifICant are the UK Cornpanies Act 2006, SORP 2019 (FRS 102) and Charities Act (Northern Ireland) 2008. Audit responses to risks ideDtified Our procedures to respond to risks identified included the following: - reviewing th¢ financial statement disclosuKs, testing the relevant documentation to &8sess ¢ompliance with th¢ signifi laws and regulations - those described as having a direct effect on the financial statements; - enquiring with management and obtaining third party confinnation from the Charities Solicitors regarding any actu potential litigation and claims; - perforniing analytical procedurGs to identify any unusual or unexpecteAI relationships that may indicate risks of mat misstatement due to fraud; - reading minutes of board and management meetings. - reviewing Companies House and Charity Commission Northern Ireland correspondence, - review correspondence with HMRC, identifying non-cornpliance of specific inforniation to be disclosed. in addressing the risk of fizud through management overTid¢ of controls, testing the appropriat¢ness of data entrtes adjustments. and evaluating the rationale of any significant transactions that are unusua] or outside the norn]al course o Charities objectives. We also communicated relevant identified laws and regulations and FK)tential fraud risks to all engagement team mem and remained alert to any indications of fraud or noncomplian¢¢ with laws and regulations throughout the audit. As part of an audit in accordance with ISAS (UK), we exercise professional judent and maintain professional sceptic throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design perform audit procedures Tesponsive to those risks, and obtain audit evidenG¢ that is sufficient and appropriate to provi b&sis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resul from error, as fraud may involve collusion. forgery, intentional omission& misrepresentations, or the override of inte control. - Obtain an understanding of internal control Televant to the audit in order to d¢sign audit procedures that are appropriat the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable compangs inte control. Evaluate the appropriateness of accounting policies used and the reasonableness of a¢counting estimates and rel disclosures made by the directors. - Conclude on the appropriateness of the directors, use of the going concern basis of accounting and. based on the a evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we required to draw attention in our auditorfs report to the related disclosures in the financial statements or, if such disclos are inadequate, to m(idify our opinion. Our conclusions are based on the audit evidence obtained up to the date of auditorfs reporL However. future events or conditions may cause the charitable wmpany to ¢ease to continue as a go concern. -Evaluate the overdll presentation. structure and content of the financial statements, including the disclosures, and whet the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those Charged with governance regardin& among other matters, the planned scope and timing of audit and significant audit findings, including any si1r1¢ant deficienci¢s in internal control that we identify during audit.
Derry Well Women Limited (A company limited by guarantee) Patrick McGroarty Senior Statutory Auditor for and on behalf of M¢Groarty McCalTerty & Co Statutory Auditor 2 Carlisle Terrace Derry BT48 Dated: IS June 2023 31