SALTO GYMNASTIC CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED Oplnlon We have audited the financial statemenls of Salto Gymnastic Centre Limited (the 'company') for the year ended 28 February 2023 which comprise the statement of financlal activities. the slatemenl of financial po&tson, the statement of cash flows and notes lo the financial statements. including srgnifjcanl accounting policies. The finarKial reporting framework that has been applied in their preparaaon Is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland {United Kingdom Generally ACpted Accounting Practice). In our opinion. the financial slatemenls.. give a true and fair view of the state of the tharilable companYs affairs as at 28 February 2023 and of its incoming resources and apF4ication of resources. induding its income and expenditure. for the year then ended: have been properly prepared in accordan with United lfjngdom Generally Accepted AccolIng Practi,. and have been prepared in accordan witti the requirements of the Companies Ad 2006. Basls for oplnlon We conducted our audit in accordance wth International Stsndards on Auditing (UK) (ISAS (UK)) and arplicable law. Our responsibilities under those slandards are further described in the Auditorfs spOnsIbl1111eS for the audil ol the financial slalements section of our report. We are independent of the company in accordance wth the ethical requirements that are relevant to our audit of the financial statements in the UK, includlng the FRC'S Ethical Slandard. and we have fulffled our other ethical responsibilities in accordan with these requirements. We believe that the audit evjdence we have obtained Is suffiaent and appropriale to provide a ba515 for our oplnion, Concluslons relatlng to golng concern In auditing the finanoal statements, we have concluded that Ihe trustees use of the going concem basls of accounting in Ihe preparation of the financial statemenls is appropriate. Based on the work we have perfomied, we have nol identlfied any material uncertainties relating to events or conditions that, individually or collecb'vely, may cast significant doubt on the company's ability to contlnue as a going concem for a period of at least efve mmths from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustee5 with respect to gim'ng concem are described in the relevant sections of this report.
SALTO GYMNASTIC CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED Other Informatlon The other information comprises the infonnakn'on included in the annual report other than the finarcial statement5 and our auditor's report thereon. The tru5lees are responsible for the other information contained wrthin the annual report. Our opinion on the financial slatements doe5 not cover Ihe other infomiation and, except to the extent otherwise explicitly stated in our report, we do not express any fwn of assurance conclusion Ihereon. Our responsibility is to read the other infomiation and. in doing so, consider ether the olher information is materially inconsistent with the financial stalements or our knowledge obtained in the course of the audit. or olherwise appears to be materially mi5Stated. If we identify such material incon5islencies or apparent material misstatements. we are required lo determine whether thi5 gives Mse to a material misslatement in the financial stalemen15 themselves. If, based on the work we have perfonned. we condude Ihat there 15 a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the trustees report for the financial year for which the financial statements are prepared, which includes the directors. report prepared for the purposes of company law, is con5islenl with the financial stalements,. and the direclors, report included wbthin Ihe trustees report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the company and its environment obtained in the course of Ihe audit, we have not idenlified material misstatement5 in the directors. report included wthin Ihe trustees report. We have nothing lo report in respect of the following matters in relation to which Ihe Companies Aci 2006 requires us to report to you if. in our opinion.. adequale accounting records have not been kep( or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement viilh the accounting records and retums,. or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the infonnation and explanalions we require for our audit-, Of the tru51ee5 were not entitled to prepare the financial Statements in accordance with the small companies regime and take advantage of the Small companies. exemptions in prepanng the tfUslee5 report and from the requirement to prepare a strategic report.
SALTO GYMNASTIC CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SALTO GYMNASTIC CENTRE UMITED Respon51bllltles of trustees As explained more fully in the stateTnent of tru51ees responsajilities, the trustees, who are a150 the directors of the company for the purpose of company law, are responsible for the weparab'on of the financial slaternents and for beirKJ satisfied that they give a true and far view. and for such intemal control as the trustees determine is necessary to enable the preparation of financral statements that are free fwom material misstalemenl. whether due to fra or errDr. In preparing the fnancial statements. Ihe trustees are responsible for assessing the company's ability to conlNue as a going concern. disdosing, as app&cable. matters related to going concem and using the going GOnM basis of accounting urless the trustees either ntend to liquidale the Gharilable company to cease operats'ons. or have no realist alternatNe but to Ilo so. Audltorfs responslbllttles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance aboLrt whether the financial stalements as a whole are free from material mi5Statement, whether due lo fraud or error. and to ISS an aUdrt$ report that includes our opinion. ReasOnae assurance is a high level of assurance but is rM)t a guarantee that an audit conducted in accordance with ISAS (UK) wll abNays detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered malerial if, individually or in the aggregate, they cOd reasonably be expected to influen the ecorKJmiG declsions of Ltsets tsken on the basi5 of Ihese financial slatements. IrregallI1eS, fraud, are Instance5 of non-compllance wrth laws and regulations. We design procedures in line with our responsbilities, outlined above. to detect material misstatemenls in respect of irregularities, including frawl. The extent to which our ProdureS are capable of delectirrfj irregullI1e5, induding fraud. is detailed below.
SALTO GYMNASTIC CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED Extent to whlch the aud5t was consldered capable of detectlng Irregularltles, Includlng fraud We identify and assess the risks of material misstatement of the financial stalemenls, whether due to fraud or error, and then design and perform audrt procedures responsive lo those risks. induding obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifylng and assessing potential risks of material misslatement in respecl of irregularib'es, including fraud and non-compliances With law5 and regulations, we considered the following= The nature of the industry and sector. conlrol environmenl and business performance, including the company's remuneration policies for directors, bonus levels and performance targets, if any., Results of our enquiries of management about Iheir own Identification and assessment of the risks of irregularities- Any matters we identified having obtained and reviewed the companys documentation of their policie5 and procedures relating to: Identifying. evaluating and complying with laws and regulation5 and whether they were aware of any instance of non-compliance: Detecting and responding to Ihe risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and The intefflal controls established to mitigate risks of fraud or n0nwcompl1an wth laws and regulations-, The matters discussed among the audtt engagement team regardlng how and Whe fraud might occur in Ihe financial slatements and Potential Indlcalors of fraud. As a result of Ihese procedures, we constdered the opportunities and incentlves that may exist within the company for fraud and identified the greatest potenual lor fraud in income recognition. 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 framekS Ihal Ihe company operates in, focusing on provisions of Ih05e 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 Companies Act 2006, and local tax legi51atton. In addilion, we considered provisions of other laws and regulatlons that do not have a direct effect on the financial stalements bul compliance vélth which may be furKlamental to the company's ability to operate or to a)Id a material penalty.
SALTO GYMNASTIC CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED AudSt response to rlsks Identllled Our procedures lo respond to the risks identh'fied induded the followlng". Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance wrth provisions of relevant laws and regulalions described a5 having a direct effect on the financial statements: Enquiring ol management conceming actual and potential litKJation and daims.. Performing analytical procedures to identity any unusual or unexpected relationships thal may indicate risks of materral misstatement due to fraud: Reading minutes of meetings of those charged with govemance and reviewing correspondence with tax authorities.. and In addressing the risk of fraud through management override of conlrols, testing the appropriateness of joumal entries and other adjustments: a55essing wheifEr the judgements made in making accounting estimates are indicative of a potential bias. and evalualing the business rationale of any significail transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indicah.ons of fraud or non-compliance with laws and tegulalions throughout the audit. Owing to the inherent limitations of an audit. there is an unavoidable risk that we may nol have detected some malerial misstatements in the financial statements, even though we have prq)edy planned and performed our audit In accordance with auditing standards. In addition. as with any audit, there remains a higher risk of non-delection ol irregularities. as they may involve collusion. lorgery, intentional omissions, misrepresentations. or the override of Internal controls. We are not responsible for preventing non-complian and cannot be expected lo detect non- compliance with all law5 and regulations. A further description of our SpOnsibl11t1eS is available on the Financial Reporting Council's websile at.. https'.11 www.frc.org.uklauditorsrespon5ibililies. This description fomis part of our auditorfs report.
SALTO GYMNASTIC CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED Use of our report This report is made solely to the charilable company's members. as a body, in acccffdance with Chapter 3 of Part 16 of the Companies Aci 2006. Our audit WOTk has been undertaken so that we might state to the charitatde company's members those matter5 we are required to state to them in an audilorfs 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 charilable company and the charitable cofflpany's members as a body, for our audit work, for this report, or for the opinions we have formed. Mr Stephen Houston FCA Isenlor Statutory Audltor) for and on behalf of GMCG LISBURN Chartered Accountants statutory Audltor Century House 40 Crescent Business Park Lisbum BT28 2GN io-