AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Independent Auditor's Report to the Members of AIDS Care Education and Training (Northern Ireland) Limited Year ended 31 March 2024 Opinion We have audited the financial statements of AIDS Care Education and Training (Northem Ireland) Limited (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account). statement of financial position and the related notes, 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, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practicc). In our opinion the financial statements- give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of reSoUr￿s. including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Abbuuiiliiiy PIdbLI￿,. have been prepared in accordan￿ with the requirements of the Companies Act 2006. Basis for opinion We conduGted our audit in accordan￿ with International Standards on Auditing (UK) (loAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethiGal requiretnents that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that Ihe audit eviuence we have obtained Is sufficient and appropriate to provide a basis for our opinion. In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. Conclusions relating to going concern 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 material uncertainties relating to events or con(Jitions that, individually or collectively, may cast signiftcant (ioul)t on the charity'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 wtth respect to going concern are described in the relevant sections of this report. 16 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Independent Auditor's Report to the Members of AIDS Care Education and Training (Northern Ireland) Limited {continuedJ Year ended 31 March 2024 Other information The other information comprises the infonnation included in the annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information. 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 form of assuran￿ conclusion thereon. In connection with our audtt of the financial statements. our responsibility is to read the other information and. in doing so, consider whether the other information 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 detemiine whether there is a material misstatement in the financial statements or material misstatement of the other infomiation. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 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 information given in the trustees, report for the financial year for which the financial ststements are prepared is consistent with the financial statements- and the trustees, report has been prepared in accordan￿ with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the Gourse of the audit, we have not identified material misstatements in 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 if. in our opinion= adequate accounting records have not been kept. or returns adequate for our audit have not beeri received frurii bidiiGlies iiuL visited by us." or the financial statements are not in agreement with the accounting records 2nd retums; or certain disclosures of trustees, remunerab'on specffied by law are not made" or we have not re￿iVed all the informatlon and expianatlons we require for our audit, or the trustees were not entitled to prepare the financial statements in accordan￿ with the small companies regime and take advantage of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a strategic report. 17 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of AIDS Care Education and Training (Northern Ireland) Limited (contsnued) Year ended 31 March 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In proparing the fin2nci21 statements. the trustees are responsiblp for aqqpsqing thp. r.harity'_q ability fn 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 charity or to cease operations, or have no realistic altemative but to do so. 18 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Independent Auditor's Report to the Members of AIDS Care Education and Training (Northern Ireland) Limited (continued) Year ended 31 March 2024 Auditor's 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 an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordan￿ with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from 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. Irregularities, 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 respoct of irregularities, including fraud. The extent to which our prO￿dureS are capable of detecting irregularities, including fraud is detailed below.. Irregularities, 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 irrcgularitlco, including fraud. Thc cxtcnt to which our procedure- are Gapable of deteGting irregularities, including fraud is detailed below-. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following.. the nature of the industry and sector. control environment and business performance including the design of the remuneration policies, key drivers for directors, remuneration, bonus levels and performance targets., results of our enquiries of management about their own identification and assessment of the risks of irregularities- any matters we identified having obtained and reviewed documentation of their policies and proceclures relating to.. identifying, evaluating and complying with laws and regulations and whether management were aware of any instances of non-compliance" detecting and responding to the risks of fraud and whether management have knowledge of any actual, suspected or alleged fraud- the internal controls established to mib.gate risks of fraud or non-compliance with laws and regulations. the matters discussed among the audit engagement team including significant component audit teams and relevant internal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunitios and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on provi￿10n= of thoTJC laws and rcgulations that had a direct effeGt on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing Complian￿ with the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but Complian￿ with which may be fijndamental for their ability to operate or 19 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Independent Auditor's Report to the Members of AIDS Care Education and Training (Northern Ireland) Limited (continued) Year ended 31 March 2024 to avoid a material penalty. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit eviden￿ that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fr21Jd i_q highp.r th2n fnr nnp rp.qiilting frnm prror, as fraud may involve collusion. forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in oui" au(JiLui'b iepvil lu Ilie reldled dibLlusures in the firidfiGial stdlements or, if such di5Glosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going COn￿M. Evaluate the overall presentation. structure and content of the financial statements, including the disclosures, and whether the financial statements represent the un(Seriying transactions and events in a manner that achieves fair presentation. 20 AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Independent Auditor's Report to the Members of AIDS Care Education and Training {Northern Ireland) Limited (continued) Year ended 31 March 2024 We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members. as 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 charity's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body. ft)r our audit work, for this report, or for the opinions we have formod_ Paul Dolan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 24 June 2024 21