The Halifax Foundation for Northern Ireland Independent auditor's report to the members of The Halifax Foundation for Northern Ireland Report on the audit of Ihc financial statements Opinlon In our opinion the financial 5tatement5 of The Halifax Foundation for Northern Irelatml {the 'charitable company,).. give a true and fair view of the State of the charithble Company's affairs as at 31 December 2022 and of its incoming reSoUrS and application of resources. including its income and expenditure. for ihe year then ended- have been properly prepared in accordance with Ilnited Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'Thc Financial Reporting Standard applicable in the UK and Rcpublic of Ireland,; and have been prepared in accordance with Ihe r¢quirements of the Companies Act 2006. We hav¢ audited the financial siaiements. which comprise.. the 5tat¢men¢ of financial a¢livilies the balance sheet the statement of cash fluws; and the related notes 110 19. The financial reporting ITameivoTk that has been applied IN their pparatIon is applicable law and Llnited Kingdom Accounting Siandards, incliiding Finaii¢i?( l Reporting Standard 10? '1'he l-. i11ala1 Keporting? Staiiliard applilable in ihe Uji and Republic of Ireland. IlJnil¢d King>dom Generally Accepted AccouiilingT Practice). Basis for opinlon le conducted OUT audit in accordance with Intemaii()i)al Standards on Auditing (Uk) I ISAS IUKII and appliLable law. Our responsibiliiies under those staiidards are further describL.d in the auditor's respoi)sibiliti¢s for lh¢ gudii ()rthe fiiiancial statements ction of our report. We are independent of th¢ charitable ¢ompanJ' in a¢¢ordance with the ethical requirements that are relevant lo our audil of the rinai)Lial stat¢meiils in ¢h¢ ljk. in¢ludinb> the Finaii¢ial Rewrtinuy CouiiLil's Iihe 'FRC's' I f.(liical sndur, and w¢ h<ive fulfilled OUT Othcr cthical r¢5pon8ibilities in accordance with Ihest requirements. We believe ihal the E4udit eviden¢e we have obtained is siifticienl And appropriate lo provide a b1( sis for OUT opini(M. Conclusions relating lo going Concern In auditing the financial statemenis, we have ¢on¢luded that the Tmstees, use of the going concern basis of accounting in the pr¢para¢iLin of lh¢ financial slatements is appropriate. Based on the work w'e have perfornied we have n()i id¢niified any rnaierial uncertainties Te11£ ting to events or condition5 that, individually or collectively, illay cast si¥nificant doubt on th¢ charitable ¢ompany's ability lo continue as a going conceni for a p¢riod of a¢ l¢as¢ 12 nionihs fron) when ihe financial statements aJe authoTiscd for issue. Our responsibilitie5 and the responsibilities of the Trustees wilh reqpeci to going concem are descritrtd in the relevani sections of this report. Other information The other inlormalioii compriscs thc infonnation included iii (he annual report, oiher than the financial slatement5 and our auditor s report thereon. The Trustees are resExinsible for the other information contained within the annual report. Our opinion on the financial ststeTnents does noi cover the oiher intomiaiion and. except to the extent otherwise explicitly stated in our report, wc do nol ¢XPTe55 any fomi of assuran¢¢ ¢onclusion ihereon. Our responsibility is lo read the other infotination and, in doing so, consider wheihei the oih¢r infomiation is materially inconsistent wilh the financial statements. or our knoiiledge obtained in the Course of the audit. or Otherlse appears to be material ly misstated. If we identify such material inconsisten¢i¢s or apparent material miss(alements, we are required to
The Halifax Foundation for Northern Ireland Independent auditor's report to the members of The Halifax Foundation for Northern Ireland (Continued) Otber illform4tlon {¢ontlnued) d¢l¢miine wheiher this gives rise to a maierial missiatement in the financial statements themselves. If. based on the work we have perfonned, we conclude ihat there is a malerial misstst¢m¢ni of this other information, we are required to report that fact. We have nothing to rew)rt in this regard. Re5POJ15ibilitie5 of Trustees As explained more fully in the slaiemenl of trusiees, responsibilities,, the Trustee5 (who are also the Directors of the charitable company for ihe purpose of ¢on)pan)' lawl are rcspon5iblc foT thc prcparation of the financial statements and for beiiig satisfied th£lt the> give a true and fair view, and for such internal control ag the Trusi¢es determine is necessary to enable the preparation of financial statements that are free from maleTial misstai¢)n¢nt. wherher due lo ftayd or error. In pr¢pgring ¢he finaiicial statcii)en¢5, the Trustees arc responsible for assessing the chariL1ble conip?£ n) s ability to ¢oniinu¢ as a going ¢on¢¢rn, dis¢l04ing. as applicable, matlers related to going concern and Lising the going CLMcern basis of accounting iinless the Trttstees ¢iiher ini¢nd lo liquidale ihe chariiable company OT io cease or<It10ns. or have iio realistic alternative but io do so. Auditor's responsibilities for the Audit of Ihe fin8n¢lnl $talemeNts Our objcctive5 arc to obtain reasonable assuraiice about h¢ther the financial stal¢n)¢nis a5 a whulc are ITec fruin iiialerial misStat¢n)ent, whcther duc to fraud orerror, and to issuc an auditor's report thai ii)cludes oiir opinioii. R¢a5011ablc assuraiice is a higTh level of assi1r£ ce bul is not gvuaraniee thai an audii conducicd in accordancc ivith ISAS (UK} will alw'.i)'s delecl a material niisstatenienl wheii il exi514. Misslaleinents can aris¢ fri)m Iraud or error and are ¢()nsidcred material it-. individiially or in the Abuire&?alL, thcj. could rLasoiiably [ LXc1Ld ¢0 influ¢n¢e lh¢ ¢Ltsnon)ii deLision5 of users tak'ei) oli tlie basi5 of these finaiicial statements. A further description of our r¢sponsibilili¢s for the audit of the finanLial statements is localed on ihe FR("s website al.. www.frc.or y uklaudilorsres onsibilities. This description fonns part of OUT auditor s report. Extent to whleh the 8udll w8s ¢on$ldered capable of dettttlng Irregularltle5, including fraud Irreglilarities, incliiding fraud. are instances of non-¢ompliance w'ith laws and regulations. We desigFn procediires in line with our respon5ibililies. QLiilined above. to detect material misstatements in r¢spe¢t ot 1C¥U1alie5. incliiding fri?Lid. 'I'he extent to hich OUT prucedure5 are capable of detecting irregularities, in¢ludin¥ fraud is detailed below. We c(nsidered the natuJT of the charitable Company's industy and ils control environment, and reviewed the charitable company's documeiilation of their policies and procedures relaiin&J tu fraud and c()mpliance with laws and Tegulalions. We also enqllircd of manabT¢ii)¢nt and Trust¢¢s abvul th¢ir uwn id¢iitificatioi) and asse5511)eiit of the risks of irregularities, including those that are specific to the charitable company's business se¢tor. We obiained an undeTsianding of the legal and regulatory framework thal th¢ ¢harithbl¢ Company operates in, and identified the key Inws and regulations that.. had a direcl effect on ihe deterniinaiion of material amounts and dis¢losur¢s in the financial statements. These included Charities Act {Northern Ireland) and UK Coinpdnies Act; and did Iiot have <1 direct effec¢ on tl)e fancial statements but compliance wi¢h which may be fundamental to the charitable coi)Ipany's abi lity to orerate or to avoid a material penalty. We disciissed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and wh¢re fraud might occur in the financial statemellts.
The Halifax Foundation for Northern Ireland Independent auditor's report to the members of The Halifax Foundation for Northern Ireland (continued) Extent to which the gudit was considered cApable of detecting irregularities, including fr&ud (contirtued) As a r¢sult of perfomiing the aVe, we identified the greatest potential for fraud or non-compliance with law5 and rcgulations in the fdlowing area. and our specific procethires performed to addres% it are described klow- w¢ identified a risk related io application of grant expenditure in line with charitable objectives, and the COeCt recognition of liabilities in respect of grant expenditure. We have addressed thi5 Tisk by selecting a sample of grants r¢¢ognised in the year and reviewing the grani agreements. Board minutes, cash payments and related infonMation lo understand the purpose of ihe granl. any conditions present in order to ascertain the correct level of eXndItUre and related liability to recognise. In common with all audits Linder ISAS IIJKI, we aTe also required to peTfomi specific PTo¢edures lo respond to the risk of mana&?ement overTide. In addressing? Ihe risk of fraud ihrouuih manakiement override ofconirols. we lesled the appropriateness of juurnal ¢i)lri¢s and oiher adjus¢ii)ci)ts,' assLss¢d wh¥thLr (hL judbJLniLnts IiiadL in niakingi accountingi esiin)ales are iiidicalivc of a poienlial bias. and ¢valuated the business rationale of any significant transactions that are unusual or outside the nornial course of business. In addition ta tlie aFM)ve. oiir procedures to Tespond lo the risks identified iluded ilie following.. r¢viei¥in&) liiiancial staleiiient disclosiires b). lesting to suppurting ducumeniaiion lu assess compliance wilh provisioi)s of relevant laws and reLTulaiii)ns described a% havin¥ a direLt elyeci on the financial siaiemenls; perforniing analytical procedlires lo identify any unusual or unexpe¢ted relationships thal ma}, indicate risks of material mlsslatement diie to fraud; enqLiiring c)f maniigernent concerning actual and potential litigation and claim& and instances of non-compl lance with laws and Tegulations; aiid redding minutes of meetings of those charged with govemance and reviewing any COTrespondeiC with tlie Charity Commission of Northern Ir¢land. Report on oiher legal regulAtory requlrements Opinlons on other rnatters prescribed by the CompAnies Act 21106 In our opinion, based on the work undertaken in ihe course of the audit.. lh¢ infomaiion given in the Triisiees, repori, which in¢ludes the Directors, report prepared for the prSeS of company law lor the linancial Jear fi)T which the financial siatenienls are prepared is consi%tent with the financial sL1tements.' and the Directc>rs' report incllided within the Truslees, report has been prepared in accordance w'ith applicable legal reqiiirements. In the light of the knowledge and understanding of the charitable company and its environment oained in the course of the aLidit, we have noi identified any material misstatemenls in the Directors, repori included wqthin the Trustees, rewrt. Matter5 on whicb we are required to rewrl by exception Under th¢ Companies Act 2DOfi we are required to report in respect of the folloiving matters if. in our opinion.. adequate accounting records have not been kept, or Teturns adequate for OUT audit have not been Teceived from brJn¢hes not visited by us- or Ihc financial 51ktements are not in agreement with th¢ aCeQLintin&J records and rdurns; or certain disclosures of Trustees, remuneration specified by law are not made,. or ¢ have not received all the infom)ation and explai)ations e reqLiire for our audit. or the TNstees were not ciititl¢d to tak¢ advantage of ihc small companies excn)ption from the Tcquircm¢n¢ to picpare a siralegic repo We have nothing to report in respect of these matters.
The HalifAx Foundatlon for Northern Ireland Independent auditor's report to the members of The Halifax Foundation for Northern Ireland (continued) Use of our report This r¢port is mad¢ solely io the charitable company's men)bers, as a by, in attordan¢¢ with Chapter 3 of Part 16 of the Conipanies Act 2006. Our audit Work has bcen undertaken so that we might state to the charitable company'5 members those matters we are required to state io ihem in an audiior's report and for no other purpose. 'fo the fulle exteni pemiilled by law, we do noi aLcept or assume responsibiliiy io anyone oiher than the charitable company and the charithble company's members as a body. for our audit work, for this report. or for opinion5 we hav¢ formed. CrAig Wisdom FC'A (Senior stAtutory 8uditor) F()r Ind on behalf of Deloiite LLP Si¥lulory Audltor St AlbAns, United Kingdom 12 June 2023