Report of the Independent Auditors to the Members of Belfast Activity Centre Opinion We have audited the financial statements of Belfast Activity Centre (the 'charitable company,) for the year ended 31 March 2023 which comprise the Statemcnt of Financial Activities, the Balance Sheet, the C&sh Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements: 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, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion 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 Auditors, responsibilities for the audit of the financial statements section of our reporL We are independent of the charitable company in accordance with the ethicat requirements that are relevant to our audit of the financial statements 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 evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going coneern In auditing the financial statements, we have concluded that the trustees, 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 identified any materiaI uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable cornpany's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other infonTtation. The other infonnation comprises the information included in the Annual Repor¢ other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, conslder whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to d¢tennine whether this gives ris¢ to a material misstatement in the financial statements themselves. If, based on thc work we have perfomied. we conclude that th¢rc is a material misstaternent of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Page 5
Report of the Independent Auditors to the Members of Belfast Activity Centre Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infonnation given in the Report of the Trustees for the financiaI year for which the financial statements are prepared is consistent with the financial statements- and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtsined in the course of the audiL we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and rethrns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the infomiation and explanations we require for our audit. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees detem]ine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for &8sessing the charitable company'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 realistic alternative but to do so. Page 6
Report of the Independent Auditors to the Members of Belfast Activity Centre Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether th¢ financiaI statements as a whole are free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of &8surance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individuaIly or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these fmancial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Having considered the nature of the Charity and the sector in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to breaches of health and safety laws, employment law and environmental regulations. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that do not have a direct impact on the preparation of the financial statements but compliance with which may be fundamental to the Charity's ability to operate such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and detem]ined that the principal risks were related to misstatement of restricted and unrestricted fund balances. Audit procedures perfomied included.. Enquiry of those charged with governance including any known or suspecled instances of non-compliance with laws and regulations, potential litigation and fraud. Identifying and testing journal entries for appropriateness, evaluating the rationale for significant transactions outside what is normal for the company and assessing whether the judgments made in making accounting estimates are indicative of potential bias, in order to assess the risk of fraud through management override of controls- Analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. - Challenging assumptions and judgments made by management in significant accounting estimates" Reviewing the disclosures in the financial statements against the specific legal requirements. Substantive testing of Balance Sheet items, together with a high level of individual account analysis. Detailed analysis of all restricted funds. agreeing postings and cut off. We communlcated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures outlined above. We are less likely to become aware of instances with laws and regulations that are not closely related to events and transactions reflected in the financial Statements. Also, the risk of not detecting a material misstatement due to frdud is higher than the risk of not detecting one resulting from error. &s fraud may involve deliberate concealrnent. A further description of our r¢sponsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.fr¢.org.uklauditorsresponsibilities. This description fornis part of our Report of the Independent Auditors. Page 7
Report of the Independent Auditors to the Members of Belfast Activity Centre Use of our report This report is made solely to the charitable company's members, &8 a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members &s a body, for our audit worK for this report, or for the opinions we have fonned. John Mccleary (Senior Statutory Auditor) for and on behalf of Mccleary & Company Ltd Chartered Accountsnts and Registered Auditors Quaker Buildings High Street Lurgan Craigavon Co. Annagh BT66 8BB 20 November 2023 Page 8