Eastside Property Belfast
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Property Belfast
Year ended 31 March 2024
Opinion
We have audited the financial ststements of Eastside Property Belfast {the 'charity') for the year
ended 31 March 2024 which comprise the statement of financial activities (including income and
expenditure account), ststement of financial position, statement of cash flows 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 Practice).
In our opinlon 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 resources. including its income and expenditure. for the
year then ended"
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statemenls section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of th8 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
accordan￿ with these requirements. We believe that the audit evidenc8 we have obtained is sufficient
and appropriate to provide a basis for our opinion.
In common with many other organisations of a similar size and nature. the charity uses its auditors to
prepare and submit returns to the tsx authorities and assist with the preparation of their organisation's
financial ststements.
Conclusions relating to going concem
In auditing the financial ststements. we have concluded that the trustees, use of the going concem
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 conditions that, individually or collectively. may cast significant doubt 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 with respect to going concem are described
in the relevant sections of thi5 report.

Eastside Property Belfast
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastslde Property Belfast
(¢ontinuedJ
Year ended 31 March 2024
Olher Information
The other information comprises the informatlon included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other infomiation and, except to the extent
otheMise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit 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 determin8 whether there is a mat8rial misslatement in the financial statements or a
material misstatement of the other information. 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 Companles 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
statements are prepared is consistent with the financial stslements- and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, wo 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
been received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums: or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
th8 trustees were not entitled to pr9pare the financial statements in accordance 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.

Eastside Property Belfast
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Property Belfast
(continuedj
Year ended 31 March 2024
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors fr)r the purposes of company law) are responsible for the preparalion of the financial
statements and for being satisfied that they give a true and fair view, and for such internal conlrol 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.
Our responsibility is to audit and express an opinion on the financial statements in accordance with
applicable law and Intemational Standards on Auditing (UKI. Those standards require us to comply
with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors,. in the circumstances set
out in note 28 to the financial statements.
In preparing the financial Statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable. matters r8lat8d to going concem 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 alternative but to do so.
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Eastside Property Belfast
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Property Belfast
(continued)
Year ended 31 March 2024
Auditor's responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether Ihe 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 accordance with ISAS (UK) will always rJete¢t a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the
aggregate. they could reasonably be expected to influence the economlc 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 respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
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 induding
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
procedures 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 intemal controls established to mitigate risks of fraud or non-compliance with laws
and regulation5.
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 opportunities and incentives that may exist within
the organisation for fraud and identified Ihe greatest potential for fraud. In common with all audits
under ISAS (UK), we are also required to perft)rm 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
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 consider8d in
this context included ongoing compliance with the UK Companie5 Act and tax legislation.
In addition. we considered provisions of other laws and regulations that do not have a dlrect effect on
the financial statements but compliance with which may be fundamental for their ability to operate or to
avoid a material penalty.
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Eastside Property Belfast
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Property Belfast
(continued)
Year ended 31 March 2024
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
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
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 Ihat are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness ofthe intemal 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 attenlion in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequale. 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 concem.
Evaluat8 th8 OV8rall presentstion. structure and content of the financial statements, including the
disclosures. and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
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Eastside Property Belfast
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Property Belfast
(continuedj
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
intemal 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 accordan￿ 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 auditofs report and for no
other purpose. To the fullest extent permitted by law. we do not accept or assume ￿SpOnsIbl11ty to
anyone other than the charity and the charitys members as a body. for our audit work, for this report,
or for the opinions we have formed.
Paul Dolan (Senlor Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
6 December 2024
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