REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPORT Opinion We have audlted the financial statements of Femianagh Community Transport (the 'charitable company,) for the year ended 31 March 2023 vvhlch comprlse the Statement of Flnancial Attivities, the Statement of Financial Positlon, the Statement of Cash Flows and notes to the financial slatements, including a summary of significant accountlng policies. The financial reporting framework that ha5 been applied in thelr preparation is applicable law and United Kingdom Accounting Standards (Unlted Klngdom Generally Accepted Accountlng Prattice). In our opinion the financial statements.. give a true and f.air view of Lhe slate o( tlie charitable company's affairs as at 31 March 2023 and of its incomlng resources and appllcation of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance wlth Unlted Kingdom Generally Accepted Accounting Pratiice,. and have been prepared In accordance wlth the requlrements of the Companles Act 2006. Basis for opinion We condutted our audit In accordance with International Standard5 on Auditing {UK) (ISAs (UK)) and applicable law. Our responslbllltles under those standards are further described in the Auditors, responsibilities for the audit of the rinancial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have ftslfllled our other ethlcal responslbllltles in accordance wlth these requirements, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attentlon to Note 2 and page 15 In the flnanclal statements. whlch Indlcates that the potential lo55 of key funding in respect of the Rural Transport Fund Scheme by the Department of Infra5tru(ture post year end is likely to have a significant on the ability of the charity to continue as a golng concern. We draw the readers, attention to the fact no forrnal dedsion has yet to be reached as at the date of signing these financial statements. As stated in the note, these events and condltlons, along with the other matters set forth in Note 2, indicate a potential rnaterial uncertainty that may cast doubt on the Company'5 ability to continue as a golng concern. Our opinion is not modified in thi5 regard. In auditing the flnanclal Statements, we have concluded that the dlrettors. use of the golng conrn basis of accounting in the preparation of the financial statements Is appropriate. other informatlon The trustees are responsible for the other information. The other information comprises the inft)rmation included In the Annual Report, other than the financial statements and our Report of the Independent Auditors theOn. Our opinion on the financlal statements does not cover the other information and, exTrpt to the extent otherwise explicitly stated in our report, we do not express any form of assurance concluslon thereon. In connection with our audit of the financial statements, our responsibllity is to read the other information and. in doing so, consider whether the other information Is matedally inconslstent wlth the financlal statements or our knowledge obtalned in the audit or otherwise appear5 to be materially mi55tated. If we identify such material Inconsistencies or apparent material misstatements, we are required to determine whether this give5 rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there Is a materlal mlsstatement of this other information, we are required to report that fatt, We have nothing to report in this re9arfd. Opinlons on other matters prescrlbed by the Companles Act 2006 In our opinlon, based on the work undertaken in the course of the audit: the inforrrbation given in the Report of the Trustees for the financial year for which the finanaal statements are prepared 15 tonsistent with the financial statements. and the Report of the Trustees has been prepad In accordance wlth appllcable le9al quIreMentS. Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identted material misstatements in the Report of the Trustees. We have nothing to report In respect of the following matters where the Companles Act 2006 requlres 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 vlslted by us; or the flnanclal statements are not in agreement with the accounting records and returns,. or certain disc105ures of trustees, remuneration specified by law are not made. or we have not received all the information and expl8natlons we require for our audit.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPORT Responsibilltles of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable cornpany for the purposes of company lawl are re5ponslble for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mi5Staternent, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charftable company'5 ablllty to continue as a going concern, disclosing, as applicable, matter5 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 altemative but to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial 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 assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) wlll always detett a material misstatement when it exists. Mi5Staternents can arise from fraud or error and are considered material If. Indivldually or in the agggate, they could reasonably be expected to Influence the economic deci51ons of users taken on the basis of these flnanclal statements. Irregularities, ip.cluding fraud, are Instances of non-compliance wlth laws and regulations. The objectives of our audit In respect of fraud a to assess the risk of material mi55tatement due to fraud, de51gn and Itnplement 3ppropriate responses to thase assessed risks and to respond appropriately to inStanS of fraud or suspected fraud identified during the course of our audit. However, the primary responsibility for the prevention and detectlon of fraud rests with management and those charged with governance of the charitable cornpany. In identifying and assesslng rlsks of material misstatement in respect of irregularltles, Including fraud and non- compliance with laws and regulation5, our procedures included the following- We obtained understanding of the legal and regulatory requirements appllcable to the chadtable cornpany's financial statements and consldered the most signitlcant are the Companies Act 2006, Financial Reporting Standards (FRS 102), and the Charitiès Act 2011; We have assessed the risk of materlal mlsstatefnent of the financlal statements, including rlsk of material mlsstatement due to fraud and how It might occur by holding discusslons with management and those charged with governance,, We enqulred of management and those charged with governance as to any known Instances of non-compliance or suspected non-compllance wlth laws and regulatlons. Understanding the Internal controls establlshed to mitigate risks related to fraud or non-compliance wlth laws and regulation5' and Discussions amongst the audit engagement team regarding how fraud might occur In the financlal statements and any potential indlcators of fraud, As part of this discussion we identified the following potential areas where fraud may occur: completeness of revenue recognition in respett of grant income and management overrlde. The audit response to risks identified included: Reviewing the financial statements disc105ure5 and testing to supporting documentatlon to assess compliance wlth the relevant laws and regulatlons above. Performlng analytical procedures to identify any unusual or unexpected relatlonships that may indicate risk of materlal misstatement due to fraud; In addressing the rlsk of fraud through management override of controls, testing the appropriateness of joumal entries and other adjustments, assessing whether the jtJdgement5 made in making accountlng estimates are reasonable and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. A further descrlptlon of our responsibilities for the audit of the financial statements is located on the Flnanclal Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Audltors.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPORT Use of our report This report is made solely to the charitable company's members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mlght 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 pemitted by law, we éo not accept or assume responslbillty to anyone other than the charitable company" and the charitable company's members a5 a body, for our audit work, for thls report, or for the opli)lons we have formed. Ryan Falls (Senior Statutory Auditor) for and on behalf of CavanaghKelly Chartered Accountants and Statutory Audltors 36-38 Northland Row Dungannon Co. Tyrone BT71 6AP Date.. 27 June 2023