li Tiny Life (A company limited by guaranlee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TINY LIFE (a compan), limited by guarantee) YEAR ENDED 31 MARCH 2023 Opinion We l)ave audited the financial slalen)ents of finy Life (the "chariiable company,) for the year ended 31° Marcli 20?- ) whicl) coinprise ihe Siatemeni of Fii)aneial Adivilie5 (including income and expenditure accoiint). Ihe BalarKe Set. the Siaiemenl of Cash Flows and noies io Ihe financial statements. including a sunimary of sigiiificani 3ccounling kX)licie5. The financial reporting framework I11 IS been applied in Ilieir preparaiion is applicable law and Uniled Kiiigdom Accolinling Standard& inclLiding financial Reporting Staiidard 102 Tlze Fil17¢1111 Reporliiig SiaiRlard applicable iii 117e UK UIKI Repiiblic of li'elaiid (Uiiiied Kingdoni Generally Accepted Accounting Praciice). lii our opinion the financial slatenients- give a true and fair view of (he stale ofthe chai'iiable coinpaiiy's affairs as al 31 March ?02J, aiid of its incoming resoLiires and applicalion of resource& including its i]Koine and eX[nditure, foi. thc year ilicii endcd; have been prorIY preFored in accordance with United Kingdom Generally Accepted Accoiintiiig Practice" and have beeli prepared in accordance wilh the qli)rementS of the Clmnpanies Act 2. Basis (or opinion We conducted our audit in accordance with Internalional Standards on Audiliiig (UKXISA4UK)) and applicable law. Our re5w)nsibiliiies under those St]dardS are further described in the ALKlitor's responsibililies for Ihe audit of the financial sialenienls section of our report. We are independei)t of tlie cliarilablc company iii accordance with the ethical requiremenis that are relevant io our audit of ilie financial stalemenls in the UK, incIlIng Ihe FRC s Eihical Standard. and the provisions available for small entities. in the ¢ircuJnstances sel oiil in note 31 io the filn¢la] staleniei]Is. and we liave fulfilled our oiher eiliical respoitsibililies in accordance wilh Ihesc reqiiirements. We believe thal the audil evidence we have obiained is SLifficient and appropriate to provide a basis for our opiiiion. Conclusions relating to going concern In audiling the financial statenient& we have concluded that the Iruslees use of tlie 80ing coiicerii Imsis of accouiiting in ihe preparalion of the financial ateme1715 is appropriate. Based oli the work we have perfornied. we have nol idenlified any nialerial uncertaTnlies relating lo events or conditions thal individually (* collectively. may cast signTficaiK doubt on ihe chariiable ¢oi)Ipaiiy's ability to continue as a going concern for a rIOd of ai least Iwelve monihs froni when the financial staiements are auihorised for issue. Oiir IEsponsibililies aiid the respoiisibilities of the trustees WTth respeci lo going concern are dcrIld in tlie relevant seciions of this report.
16 Tiny Life (A Compan limited by guar8ntee) INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF TINY LIFE (a company limited by guarantee) (coiiliniied) YEAR ENDED 31 MARCH 2023 Other information Thc trustccs are responsiblc for ihc oiher inforinaiioii. Tlie other infomaiion comprises any infonnation other ihan the finarKial slalcmenis and our aLiditor s report ihereon. OLir opinion on the financial st2temeii15 does noi covei. tlie otlier iiifoi-lmaiion and: except io tlie exlent otherwise explicitly siaied in our report. we do nol express aiiy form of assurance COlUsion ihereon. In conneclion wilh our audil of Ihe fironcial slatements. 1r responsibilTly is to rvdd the oihcr int-omialion and: in doing so. consider whetIr ihe oiher infornialion is Inaicrially inconsistent witli tIK finaiicial staleineiits or our kiiowledge obiaiird in the aiidii or otherwise appeal's lo be materially Inisslated. If we Identify siicli Inaterial inconsistencies or appl¢ rent malerial missiaiemenis. we a required lo deten))i wlieilier tliei-e is niaterial niisslaiemeiil in Ihe finaiicial slaiejnents or a material iiiissiaieineiii of Il)e oiher infonnation. I r. based 011 the work we have perfornied. we concludc ihai therc is a niaterial misslalenieiii of this oilier infonnaiion" we are required io rew)rt ihat fath. We liave noiliing to retx)rt in this regard. Opinions on other rnatters prcscribed by the Companies Act 2( Iii oiir opiiiion. based on the work uiidertaken in the course ofthe audit: the inforniaiion given ii) il)e trste¢S. report (incorTx>raiing the directo. report) for Ihe fii)aiicial year for which the fiiuncial staiemeiits are preparoj is corsistent willi Ilie finajicial staleinenis. and Ihe direcioTS' reTX)rt has been preTMred in accordance with applicable legal requiremeiils. Matters on wliich we are required to report by exception In the light of oiir knowledge and uiideTs1a11llg of Ilie cliaritable coinpany and its enviroiimeiit obiained in Ilie coiiise of ilie audit: we have nol identified malerial iiiisstsiements in ihe direciors reix)rt. We l]ave nothing to report in respect ofthe following matters in relalioii 10 wliich ilie Coiiipaiiics Act ?006 requires lis io report lo you if. iii our opinion= adeqliaie accouiiiii)g records liave iioi been kekx, or returns adequaie for our alIt have not been received from brai)¢1$ noi visited by us. or the fiiiancial ststemenls are iiot ii) agreemeiii wilh ihe accounling records and turns. or certain disclosures ofdireclors remunerdtioii specified by law are not made. or we have not received all Ihe infomiatTon and eNplaiiaiions we rcquire for our audit= or ille Irlislees were iioi eiiiiiled io prerAre Ihc fi11)¢1al slaienieiils in accordaiice with Ilie simall COIiiP(iiiies reoime aiid lake advaiilage of t1 sinall complLiiies exeniplions in pretmi'ing tl)e direc10 report and froin Ihe requireineiil lo prepare a sirniegic report. Responsibilities of triiste(s A5 eKplaiiied ni0 fully iii ihe statemeni ofdirectors. responsTbTlil7es sel out on Tmoe 13. Ihe irLLsiees (M,Iio are also ihe direciors of Ilie Clnble conipany for ihe purwse of conipaiiy law) are re5poiisible foi- Il preparniion of ihe fin]cial siatemeiits and for being saiisfied t11 ihey give aiid true and fair view. a]id for such inieiiial conirol a5 the trUee$ deierni1l is iiecessan, to enable ilie preFdralioii of fiiiaiicial s1atein1ts tlial aiE free froni Inalerial n)isstaleineiit. wlietller due to fraud or error.
Tiny Life (A cornpanv limited by guarantee) INDF.PF.NDENT AUDITORS, REPORT TO THE MEMBERS OF TINY LIFE (a Company limited by guarantee) (cunliniie41) YEAR ENDED 31 MARCH 2023 Responsibilities of truslees (coiiiliiiied) In preparing the financial staiemenls. die triistees are reswnsible for assessing ihe cliai'ilable c17panY'S ability to coniinue as a going concern, disclosing. as applicable. Matte relaled to going concern aiid using the goiiig coiicerii basis of accouiitiiig unless ilie trusiees witr iniend 10 liqiiidaie the charitsble conipany or to cease operations, or have no real islic aliemalive bul lo do so. Auditor's responsibilities for the audit of ihe financial statements Our objectives are 10 obtain reasorthble assiirance about whetlier the fiiiancial statne1]IS a wliole are free from material misslatenienL wlietlKr diie lo frniid or error. aiid 10 issue ali aLidiior's repoi1 Ihai include5 our opinion. Rvdsonable assiirance is a liigh level of assLirance. but is rt a guarantee thal an audil condi]cted in accordance willi ISAS (UK) will always detecl a Inaterial Inisslalemeiil when it exists. Misslaleinents can arise fi-oin frnlid or eor and are considered rnalerial If. Individi]IY or in tlie a&nregaie. t]Y could reasonably be expected lo InflUee ihe ecTh]oinic decisions of users Ke on the basis of ihese finai)cial staleinents. Irregularilie5, including frdiid. are instances of non<oinpliaiice willi laws and regulations. We desi procediires in line wilh oiir resp)nsibilittes. outlined above, to deieci Inaterial Inissiaiemenis in respect of TiTegiilai'iiies. iiicludiiio fraud. The specific procedures for Ihis engagement and the exlent io iyhich these are capable of detecting irregiilarilie& iDcludin8 fraud is detailed below: Extent to iyhich the audit was considered Capable of delecting irregularities, including fraud We identify and assess ilK risks of maierial niissiaieineni of the financial siaienients, Ivhellier due lo fraud or error, and IlKn design and perfonn the audit prrxedures responsive lo Iliose risks, including obiaiiiing audit evidence that IS 5ufficieni and appropriate 10 provide a basis for our opinion. l(lentifying and assessing potential risks related to irregularities In ideiitifying and assessing risks of Tnaierial misstaiemenl in respeci of irregularities. including fraud and nonoompliance with laws and Tegulations: we considered tlie followiiw: Audit response to risks identified: Ille natiire of Ilie iiidiisiry and sector. coi)Irol envTronment and charity's fiiiaiicial resiilts and positioii. CLIITent COVID-19 environinent resulis of our enquiries of Inanagemeni aEK)ut their own ldernificaiiL and assessmeni of t1 risks of irregularities- any Inatte we identified haviiig obts1id and reviewed the Charity's docunieiilalion of ilieir policies and pr(Kedures relating lo". ideiitifyi17g. evalualing and complying wilh laws aiid regulatioiis aiid wliether iliey ivere aware of any iiislances of noii-conipliance. detectinu and respondi118 10 ilie risks of frnud and wliethej. I1Y l)ave knK)wledoe of ai)y aciual. Suspected or alleged frdud: and Ilie iiiiernal controls establislied to n)iligate risks of fraud or -cOmplie with laws and reoulaiions: the Inalter5 dIscsed among tlr audit eiigagenieni team regarding liow and where fraiid iiiiolil occur in the financial SMentS and potei)lial ii)dicaiors of fraud.
Is Tiny Life (A company limited by guarnntee) INDEPF.NDENT AUDITORS, REPORT TO THE MEMBERS OF TINY LIFE (a Company limited by guarantee) {Lonlliiiied) YEAR F.NDED 31 MARCH 2023 Auditor'5 responsibiliti¢s for the audit of the financial statements (coiiiliiiic*d) A5 a resLili of these procedures. we coi)sidered thai Ilie panicular areas in Ihe fiiiaiicial siateimcnls tliat were susceptible 10 niisstatemerjt were relaied to managemeiii bias in accouT)ling e5tirnates and judgements: recogiiilioii: classification and coinpleieness of iiKoine. In common with all audits under ISAS (UK).. are also required 10 perfonn specific procedures to resp)nd to the risk of managemenl override. We also obiained an understanding of ihe legal and regiilatory frdmewoTks Ihal the Charily opeT7tes in. fiXi1ng on provisions of those laws and regiilalions thai had a di¢1 efTeci oli the deiemiii)atioii of material arnoiiiils and disclosures in financial slaleinents. The key laws aiid regulations we coiisidered in this coiiiexl iiicluded Charity legislation applicable to Nortliern Irelaiid. Cliarity"s governiiig dociinienL eillployineiii law. liealth and safely aiid t&N legislaiioii. We also obtained an undersiaiiding of die leoal and regulatory fnmcworks Iliat ilie Charity ope17tes in. focusing on provisions of those laws and regulations that had a direci effect on the deteniiiiialioii of material ainounts and disclosures iii ihe finaiicial aaiemeiits. The Key laws and reoulatioiis we considered in this contexl included Charily legislalion applicable to Northern Irclaiid, CI1.1ty".s goveriiiiig documenL einploymenl law. liealth safety and legi51alioii. In addilioii, we considered provisions of oilxr laws and regulaiioits that do noi have a direct effect on die fiiiaiicial siaienients biit conjpliae with which may be fundamental lo the Charity s ability 10 operate or to avoid a niaterial penalty. Ckir procedures to respond lo risks identified include ihe lollowing: identifyiiig and assessing ilie design effectiveiiess of coiitrols inanagement lias in place to prevent and delecl frniid: reviewing ihe finaiicial statemeiits disclosures and tesliiig to supporting dociimenlalion 10 assess conipliance wilh provisions of relevani laws and re8ulalions described having a direcl errecl on the fiiiancial 5tatenients- enquiring of management and eitemal le1 advisors concerning actual and poleiiiial liligalion and claims. perfonning analytifdl pcedlITes lo identify aiiy Unusi1 or uneipected relatio1]lipS tliat Inay indicate risk of niaierial iiiisstaleineiils due lo fra= readiiig minutes of nieetings of ihose Clrged with governance: obiainiiig an undersiaiiding of provisions aTKI holding discussions with Inanageinent to understand the basis of recognition" and in addressing the risk of fraud tliroigh managemeni override of coiitrols. iesiing the appropriateness of journal eniries and otlier adjiMentS iiicludiiig those iElatiiig lo Irveiiiie recogiiilioii- assessing WItIler the judgenieiits made in niaking accounting eslimales are iiidicative of potential bias- aiid evaliiating the ratioiiale of aiiy signifitrdnt trdiisaciions ihal are large. unusual or outside Ilr norn)al C1rSe ofthe charity s aciivities. We also comniiinioted relevant identified laws and regulations and VK)ienlial fraud risks to all w)gaoement teanis mefflbers and remaiiied alen to any indiealioiis of frniid or non4onipliaiKe H'ith laws aiid regiilic lion5 througliout ilie aiidil.
19 Tiny Life (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TINY LIFE (a company limited by guarantee) (Loiiliiiiied) YEAR ENDED 31 MARCH 2023 Auditor's responsibilitics for the audit of the finaneial statements fcoiiiliiiierf) Because of thc li11rent ljniilali01 of an audil. IIKre is a risk Ihai we will iiot detect all ii-regiilaritie& iiicliidiiig those leading lo a niaterial misstatemeiit iii the financial Siateinents or non-coiiipliaiice with regulation. Tliis risk increases ihe more tliat coinpliance with a law or rc8ulaiion is ren)ovcd from Ille events and transactions reflected in the financial Slatements, as we will be less likely lo Ome aiyare of iiislaiices of non-conipliance. Tlie risk is also greaier regardino irregularities [CUrrI1]g due io frdud raiher tluii error. as fraud involves tnlenlional coiicealmeni. foroery. collusion. oinission or niisrepresentatioi). We are not responsible for preventing non-compliance and cannot be eNpecied to deieci iioii-coillpliaiice with all laws and JEgulatTons. As part of an aLKlil in accordance with ISAS (UK). we exercise professional judgetnent and maintain professional 5cepticism Iliroughoiit the audit. We also: identify aTrJ se$S the risk's of rnaterial misstaterncnt of the financial statemeiit5. wliethcr due lo fraud or error, design and perfortn audi( procedlires responsive lo tliose risks, aiid obiain aLidit evidence that IS Slifficieiil and appropriate io provide a basis for our opinioii. The risk of not deiectiiig a Inalerial Inisslateinenl resuliing from fraud is hi¥her Ilian for oiie sU[tillg from error. as fraud may involve collusioii. forgery. inienlional oinission& niisrepresentation& or tlie oveIde of iiiteri)al conlrol. Obtain an understanding of internal conlrol relevant to the audil in order to design audil procLxlures tlial are appropriaie tn Ilie circutnstances, but for Ihe wrpose of eXpreing an opinion Ihe effeciiveness of the Charirable company s iniernal control. Evaluate ihe appropriaieness of accouniing policies iised aiid Ihe reasonablejiess of accountiiig estimates and related disclosures inade by t1 Irustees. Coi)clude on the appropriateiiess of the Inislees. use of ihe goiiig concern basis of aCcntIng and. based on the audit evidence obtained. wlieiher a inaterial uiicertainty ext5ts relaled lo events or coiidilioits thai Inay cast sioiiificaiit doubi on ille charilable company's ability lo continue as a going concem. If we conclude that Inaterial unceff ainty exists: we are reqUId to draw attenlioi) in our audilor s report io Ihe relaied disclosures in il]e financial staieineiits or: if sucli disclosures ait inadequate. lo niodify our opiiiion. Our concliisions are based on Ilie audil evideiice obiained up to the date of our auditor s report. However. fiilure eveiits oi. conditio1 inay cause I] cliar1ble company 10 ase to COl)linLTe a5 a going coiicein. Evaliiale tlie overall preseiitalion. struclure yj conreni of the financial statements. including the discloslires, and wheiher the financial staleinenls represenl the underlyino transactions and events tn a tnanner ihat achieves fair preseniaii(A]. We comniunicate with those charged with oovernance reoarding. among otlier matte. tlie planiied sco and liming of the audil and significant audit fiiidings. inclliding sigiiificaiil deficiencies iii iliiLmal conlrol that we ideiilify duriiig our audit.
Tiny Life (A compan), limited by guarnntee) INDFPENDENT AUDITORS, REPORT TO THE MEMBERS OF TINY LIFE (a company limited by guarantee) (coii¢iniiedJ YEAR ENDED 31 MARCH 2023 Use of our report This rep)rt is made solcly to the charitable compai)y s meinlxrs. as a body. in accordance willi ClpIer 3 of Part 16 of Companies Act 2006. Our audil work lias been iindertaken so that we mi8hr state to the charitable compaiiy's mcmbers Ihosc matters we are required io slale 10 ihern in an audiior s ren and for no other purpose. To fullesi eNteni M]Itted by la,. :e do nol accept or assunie resp)nsibility to anyone other ihan the charilable compan} and Ilie chariiable company s members a5 a b(NJy. f(f our audit 'ork. for iliis repoFL or for the opinions w'e Iiave fom]ed. BRYAN J FRIAR FC (Senior Stalulory Audiior) lTror and on behalf of JACKSON ANDREWS Cliartered Accounlanls & Siatutory Auditor Andras House 60 Greal Victoria Streel Belfasi BT2 7F.T Dale: