Ballymena Business Centre Ltd Independent Auditor's Report to the Members of Ballymena Business Centre Ltd Opinion We have audited the financial statements of Ballymena BuSin￿S Centr¢ Ltd (the '¢harity') for the year ended 31 December 2022, which comprise the Statement of Financial Activities, Balance Sheet. Statement of Cash Flows. and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting frainework that has been applied in their preparation is United Kingdoin A¢countiiig Standards. comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted AG¢ounting Practice). In oiir opinion the financial statements.. Eive a true and fair view of the state of th¢ charity's affairs as at 31 December 2022 and of its inconiing resources and application of resources. including its income and expenditure. for the year then ended. have been properly prepar¢d in accordance with Uniled Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with tlie requirements of the Companies Act 2006. Basis for opinion We condiicted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under tliose standards are further described in the aiiditor respoiisibilities for the audit of the fiiiancial 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 fiiiancial stateinents in the UK, including the FRC'S Ethical Standard and we have fulfilled our otlier ethical responsibilities in accordance with these requiremeiils. We believe that the audit evidence we liave obtained is sufficient and appropriate to provide a ba515 foi. oui- opinion. Conclusions re12ting to going concern In auditing tlie financial statenients. we have conc5uded that the trustees iise of the going concern basis of accounting in tlie preparation of the financial statemetLts is appropriate. Based on the work we have perfomed. we have not identified any malerial uncertainties relating to events or conditions that, individually or collectively. may cast significani doubt oli the charity's ability to continue as a going concern for a period of at least twelve mont115 from when the origiiial financial statements were auihorised 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 infortnAtion The trustees are responsible for the other infonnation. The other infomialion comprises the information included in tlie annual report. other tlian tlie financial 5tat¢nients and our auditor's report thereon. Our opinion on tlie financial statements does not cover the other infoiination and. except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance concliision ther¢on. In connection with our audit of the financial statements, our responsibility is to read the other infonnation and, irt doing so. consider wliether the other infomiation is materially inconsistent with the financial slalements or our kiiowledge obtained in Ilie audit or otlienvise appears to be materially niisstated. If we identify 5uclI material inconsistencie5 or apparent material niisstatements. we are required to determine whether there 15 a material misstatcment in the finanrial statements or a material misstslemenl of the other information. If, based on the work we have performed. we concllide that there is a material misstatement of this otlier information. we Are required to report that fact. We have nothing to report in Iliis regard. Page 7 Ballymena Business Centre Ltd Independent Auditor's Report to the Members of Ballymena Business Centre Ltd Opinion on other matter prescribed by the CompAnies Act 2006 In oui. opinion, based on the work undertaken in the coiirse of the audit.. the information given in the Tru5tees' Report for the financial year for which the financial stateinents are prepared is consistent with the financial statements. and the Trustees, Report has been pi'epared in accordance with applicable legal requirements. Matters on whieh we Jre required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we liave not identified materia5 misstatements in the Trustees, Report. 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 froin branclies not visited by us. or the financial statements are not in agreement with the accounting records and returns- or certain disclosures of trustees, reniuneration specified by law are not made. or we have not received all the information and explanations we reqiiii'e for our audit. Responsibilities of trustees As explained more fully in the Statement of trustees, responsibilities (set out on page 5 and 6), the trustees are responsible for the preparation of the financial 5tatement5 and for being satisfied that tliey give a true and fair view, and for such internal control as the trustees determine is necessary to cnable the preparation of financial statements that are free from Inaterial misstateinent, whether due to fraud or error. In preparing the financial statements. tlie trustees are responsible for assessing Ilie charity's ability to continue as a going concern. disc105ing. as applicable, Inatters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the Audit ol the financiAI statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstateinent, whether due to fraud or error, and to issue an auditor's report that includes our opinioii. Reasonable assurance is a higli level of assurance, but is not a Euarantee Iliat an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise fioni fraud or error and are consid¢red material if, individually or in Éhe aggregate. tliey could reasonably be expected to influence the economic decision5 of users taken on the basis of these financial statements. Irregularitie5, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities. iiicluding fraud. Tlie extent to which our procedures al'e capable of detecting irregularities. including fraud 15 detailed below.. Page 8 Ballymena Business Centre Ltd Independent Auditor's Report to the Members of Ballymena Business Centre Ltd We obtained an understanding of the legal and regulatory framework applicable to the Company and Ilie sectoi. in whicli they operate. We detennined that the followiiig laws and regulations were most significant.. the Companies Act 2006 and the Charities Act (Northern Ireland) 2008 and we detemiined that the financial reporting framework used was FRS102 and Accounting and Reporting by Charities.'Statement of Recomineiided Practice applicable to cliarities preparing tlieir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019)- We obtained an understanding of how the Company are complying with those legal and regulatory frameworks by making inquiries to the manag¢m¢nt and tlirough the review of the meetings of the Trustees. We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Based on the results of oui. risk assessinent we designed our audit procedures to identify non-compliance with such laws and regulations identified above.Audit procedures performed included= -identifying and assessing the desigii effectiveness of controls management has in place to prevent and detect -Iindeistanding how those charged with govemance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process. -assessing assumptions and judgments made by management in its significant accounting estimates for reasonableness; -performing analytical procedures to identify any unusual or unexpected variations that may indicate risk of material misstatement due to fraud: -identifying and testinE Journals. -assessing tlie exteiil of conipliance with the relevant laws and regulations There are inherent limitations in the audit pro¢¢dure5 described above. We are less likely to become aW￿e of instances of non-compliance witli laws and regulations tliat are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detectiiig a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud Inay involve delibei'ate concealinent by, for exainple. forgery or intentional Inisrepresentations, or through collusion. Use of our report This report is made solely to the charitable company's ttwstees. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so tliat we might state to tl)e charity's trustees those matters we are required to stste to thein in an auditor's report and for no other putTr05e. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work. for this report. or for the opinions we have formed. James Wallace (Senior Statutory ALtditor) For and on belialf of DT Carson & Co.. Siatulory Auditor 51- 53 Thomas Street Ballytnena Co. Antrim BT43 6AZ 14 March 2023 Page 9