YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS Opinion We have audited the financial statements of YoLrth For Christ Intemalional Foundation for the Nations (the 'charity') for the year ended 31 Dember 2023 which comprise the statement of financtal activities, the statement of finartial position, the statement of cash flows and notes to the finanoal ststements, induding significant accounting polioes. The financial reFK)rting framework that has been applied in their preparation is applible law and United Kingdom Accounting Stsndards, including Financial Repxjrting Stsndard 102 The Finanual Reporting Standard applicable in the UK and Republic of Ireland (United lfjngdom Generally Accepted Accounting Practice). In our opinion, the finanaal ststements: give a true and fair view of thÈ st2tg nf the thatys affairs as at 31 Docombgr 2023 and of its incomin9 resources and application of resources, for the year then ended.. have been properly prepared in accordance wtth United lQngdom Generally Apted Accouth'ng Pra1. and have been prepared in the requirements of the Charities Acl (Northem Ireland) 2008. Basis for opinion We conducted our audit in accordan viith Intemational Standards on Auditsng (UK) (ISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Auditors responsibil&S for the audit of the financial statenpipts seLliuwi uf oui report. We are Independent of the cttanty 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 fiJifilled our other ethical responsibilities in accordan with these requirements. believe that the audit evidence we have obtained is suffiaent and appropriate to prowde a basis for our opinion. Conclusions relating to going concern In auditj'ng the finanaal statements, we have coruded that the trustees. use of the going concem basis of accounting in the preparation of the finanoal statements is appropriate. Based on the work have perfomed, have not identtfied any material uncertainties relating to events or conditions tha( individually or collectively, may cast significant doubt on the chartvs abilty to continue as a going conrn for a peric(J of at least twelve months from vthen the financial statements are authorised for issue. Our responsibilities and the resp)nsibilities of the trustees with respect to going concem are described in the relevant sections of this report.
YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS Other infomiatlon The other information comprises the informab'on indJed in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other infomiats'on contained within the annual report. Our opinion on the financial statements d$ not cover the other information and we do not express any form of assuran conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other infomiation is materially inconsistent vmh the financial statements or our knoedge obtained in the course of the audit, or otherwse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to delemiine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other infomiation. are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the followng m*ters in relation to wknich the Charities {Accounts and Reports} Regulations (Northem Ireland) 2015 requi us lo rewrt to you if, in our opinion: the information given in the financial ststements is incongstent in any rnaterial respect with the trustees, report., or $uffici•nt attounting records have not been kept" or the finanoal statements are not in agreemenl the accounting records., or we have not reiVed all the information aTrJ explanations we require for our audit. Responsibilities of trustses As explained more fully in tt)e statement of trustees, responsibilth-es. the truslees 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 detemine is necessary to enable the preparation of financial siatements that are free from material misstatement. whether due to fraud or error. In preparing the finanaal Statements, the twstee5 are responsible for assessing the charity's ability to continue as a going concem, disdosing, as applicable, matters related to going cOnM and using the goin9 concem basis of accounting unless the trustees either intend to ase operations, or have no realistic attemative but to do so.
YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS Auditorfs responsibilities for the audit of the financlal statsments We have been appointed as audÉtor under section 65 (2) of the Charities Act (Northem Ireland) 2008 and report in accordance with regulations made under secton 66 of thatAcL Our objectives are to obtain reasonable assurance about whether the financial sLgtements as a whole are free trom Material misstatement, vthether due to fral or emr, and to issue an auditors rewt that includes our opinion. Reasonable assurance is a high level of assuran but is not a guarantee that an audtt conducted in accordance with ISAS {UlQ will afvlays detect a material misstatement vthen it eSts. Misstalements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonabiy be expected to infiuence the economic decisions of users taken on the basis of these finanoal st*ments. Irregularities. including fraud, are InStanS of non<0mplian with laws and regulations. )Ne design procedures in line with our SponsIbl1rttes. ouUined above, to detect material misststements in respect of irregularities, including fraud. The extent to which our procedures are capable of detscbng legUlar[tbes, induding traud. is detailed below.
YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS Extent to which tho audit Wds considered capable of detecting irregularities. Including traud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perfomi audit procedures responsive to those risks. including obtaining audit eviden that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing potential risks of material misstatement in respect of irregularitses. including fraud and non-compliances wrth laws and regulations. we considered the following.. The nature of the industry and sector, control environment and business perfoan, including the tharity's remuneration policies for management committee, bonus levels and perfornian targets, if any,. Results of our enquiries of management aboui their own identr"fiGation and assessment of the risks of irregularikn'es- Any matters we identified having obtained arKI reviewed the charity's documentation of their policies and procedu$ relating to.. Identifying, evaluating and comptying with law and regulations and whether they were aware of any Instan of non-complian. Detecting and respondinq lo the risks of fraud and vthether they have knedge of any actual, suspeded or alleged fraud., and The internal controls estsblished to mitigate risks of fraud or noTrcompliance wth laws and regulations.. The matters discussed among the audrt engagement team regarding how and vthere fraud might occur in the financial statements and potential indicator8 of fraud. As a result of these procedures, we considered the opporbjnities and irtentives that may exist vthin the charity for fraud and identified the greatest potential for fraud in inrne rwnition. In common bwth all audits under ISAS {UKI, we are also required to perform speafic procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the charty operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Charities Act (Northern Ireland) 2008. In addition, we considered provisions of other laws arKI regulations that do not have a direct effect on the financial statements but Complian wth which may be fundamental to the charity's abilty to operate or to avoid a material penalty
YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS Audlt response to risks identified Our procedures to resporKI to the risks identified included the following: Reviewng the finanual statement disclosures and testing to supwrting documentation to assess compliance wth provisons of relevant laws and regulalions descrtbed as having a direct effect on the financial statements" Enquiring of management conceming athal and potenlial litigation and daims,. Perfoming analytiLxI procedures to identify any unusud or unexpected relationships that may indicate risks of matertal misstatement due to fraud" Reading minLrtes of meetings of those charged with govemance and reviewng Corresponden with tsx authorities,. and In addressing the risk of fraud through management override of controls. testing the appropriateness of joumal entries and other adjustments: assessing sthether the judgements made in making accounting estimates are indicative of a potential bias" arKI evaluating the business rationale of any signtfi(2nt transacttons that are unusual or outside the nomial course of business. We also comrnunicated relevant identified laws and regulations and potential fraud risks to all engagement team embers an¢J remalned alert to any indications ot traud or norComplI8nce with laws and regulations throughout the audit. Owing to the inherent limitations of an audiL there is an unavoidable risk that we may not have detected some material misstatements in the finanaal statements. even though we have properly planned and performed our audit in accordaJi¢e with auditing standards. In addibon, as with any audit, there remains a higher risk of non-detection of iegularities, as they may involve collusion, forgery. intentional omission3. misrepresentations, or the override of internal controls. We are not responsible f(Y preventing non-compliance and cannot be expected to detect non- compliance with all laws and regulations. A further description of our responsibiltttes is available on the Financial Reporttng Counal's website at.. https.'Il wMv.frc.org.ukJauditorsresponsibilities. This descxiption fonns part of our auditors reporL
YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS Use of our report This report is made solely to the charity's management commrttee, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations {Northem Ireland) 2015. Our audit work has been undertaken so that we might stste to the charity's trustees those matters we are required to state to them in an audttor's report and for no other purpose. To the fullest extent pennrtted by law, we do not accept or assume responsibility to anyon& other than the charity and the charity's trustees as a body, for our audit work. for this report. or for the opinions ve have formed. GMCG LISBURN Chartered A¢¢ountants Ststutory Auditor Century House 40 Crescent Business Park Lisbum BT28 2GN GMCG LISBURN is eligible ft)r appointment as auditor of the charity by virtue of its eligibility for appgintment as auditor of a company under section 1212 of the Companies Aci 2006.