WORI<FOIICE TRAINING SERVICEI S LIMITED
FINANCIAL sfATEMENTS
FOR THE YEIAR LI NDII D 31ST MARCII 2024
REPORT OF THE INDEPENDENT AUDITOR TO THE METrIBlI R
Opinion
We liave audited Ihe financial 5tatemeii15 of Workforce Ti'aiiiiiig Services Liiiiited (Ilie 'charily') for Ihe year ended 31 March
2024 which coinprise the Staleineiil of FinJiici¢l1 Activities, the Balaiice Sheet, Ili¢ Sialeinent of Casli Flows aiid Ihe iioies lo
the financial slaleiiienls, iiicludiiiui a siiiniiiai'y of significaill aecoiiiilinL policies. The fin8ncii¢ I I'epoi'ring fi'anieiyork Ihal has
been applied in Ilieii. prepai'alion is appliGl1 ble law 1¢ nd Uiiiled Kiiigdoin Accolinliiig Siaiidai'd5. incliiding Finaiicial Repoi-ling
Siaiidard 102 llie Jinancial Repui-ling Sicin(Icii'duppli¢able in ihe IJK cind Repiiblic af li'eliiild (Ui)iled Kingdoin Geiiernlly
Accepted Accounting Practi¢e).
In our opinion. the financial $18lemenls:
give a true aiid fair view of tlie stale of the charitable conipany's affairs as 31 March 2024 and of ils incoiniiig
resources and pplicalion of i'esoui'ces, iiicliidiiig ils income and expenditure for the year Ilien ended;
have been properly prepared iii liccordaiice Ivith ihe Financial Repoi'ting Standard applic¢ible in Il)c UK and
Republic of Ireland (FRS I O?) (etteclive l Jaiiiiai'y 2015) - (Chai'ities SORP (FRS102}), Ihe Financial Rewiliiig
Siandard applicable in the UK aiid Repiiblic of Ii'¢land (FRS 102),
hRve been prepai'ed in accoi'daiice will) the I'eqiiiremenls of the Companie5 Act 2006.
BASIS foi. opinion
We ¢ondu¢ted oiir audit iii accordance with International Standards on Aiidiling (UK) (15As (UK)) Hiid applicable law. Our
rcsponsibilities under those standards arc further described in the Auditor'5 responsibilities for the audit of Ihc accouiils
seGtion ofour rcport. We are independcnl of the charity in accoi'daiice witl) Ihc etl)ical reqiiirenieiits thAI 7¢ I'e relevanl lo oiir
audit of Ihe accoLiii15 iii Ilie UK, iiicludingy Ihc FRC'S Eiliical Siaiidard, and we h1< ve fulfille(l our otliei. eihi¢al respoiisibiliiies
in accordance willi Ihese requireniciils. Wc believc Ilial thc aiidit cvideiicc ive liave ob11ii)ed is siirricieiil and appropriale IQ
provide a basis for our opiiiion.
Coiicluslons relRting to goiTig coiicei'ii
W¢ have nothing to report in respect of the following matters in relation to which (lie ISAS (UK) require 115 io report lo you
where..
the li'uslee5' use of ihe goiiig coiicern basis of accounling in th¢ preparatioi) of Ilie finaiicial slaleinenls is nol
appropriate. OT
the trLlStees hive not discloscd in the fiiiancial slalements any ideillified maierial uncei'lainiie5 that MRY ¢ast
significant doiibi aboul the cliarily's ability to coiilinuc lo adopt Ilie going concerii basis of 11 ccounliiig for a period
of at least twelve monilis from (lie dale when 11)e financial slateinenls are nuthoris¢d foi. issiie.
Othei. infoi'mntion
The otlier inforination comprises the infr>rmation incliided in the annual report, other than Ili¢ fiiiancial 5taleineii15 Ind oiir
auditor's report thereon. The trustees are responsible for the other information. Oiii. opinion on the finai)cial stalenienls cloes
nol cover the other information and. except lo the extent oilierwise explicitly slated in our report. we do not e.xpress any foi'iii
of assurance conclLision Iliereon.
In coniieclion ivith oiii. aiidit of Ilie financial slRlemeiilS. oiir responsibility is lo rea(1 Ihe oil)er ii)form&lioii aiid. in doing so,
consider wliciher Ihe otlier inforination is materially iiicoiisisteiii willi the financial slaleiii¢nls or oui- kiiowlcdge obiaiiied 111
the audit or otl)erwise appears lo be Inalcrially iiiisstaled. If we identify SLicli maierial inconsistencies oi. appareiil mil lerial
misstalemenls, we are rcquired lo determine whether there is a nialei'ial Inissthlemenl in th¢ finaiicial slalellieii15 or a Inaterial
misslaternent of the other ii)forinatioii. If. based on the woi'k we hav¢ pei'foi'ined, we concliide that there is a malei'ial
misstatement of this oihei. inforniation. we al'e reqliired to report that fact.
We have nothing 10 report in this regai'd,
Pagg 8

WORKfoRCETRAINING SERVICES LI
riNANCIAL STATIMCI NTS
HE YIIAR ENDCI D31S
MARCH 2024
ED
FOR
REPOR'r or i-HE INDEPLNDENT AUDITOR'r
'riiE fvIEfvIBERS'
MAtteiT Ort ivhich we Arc rtquiiyd to report by exception
In the lighi of the knoivledge and underslaDdiiig ofihe l i'u51ees and ils environii)Lnl obtained in ihe LOUI'5e of ilie aLidil. IYL,
have nol identified m&(ei'ial Ini5slat¢menls in ihe Trustees, Rcport.
We have noihing lo reporl in respect of Ihe following malteis iii relalion lo wliich Ihe Companies Acl 2006 1'eq(iii'¢S Llb (O
reporl 10 you if, in our opinion:
sufficicnl accounliiig rccoi'ds have noi bLen kepl; or
thc finanLial 5laieii)en15 al'e nol iii agrecniLnl iviih (hL IICCOLinling record8; 01.
ei'lain disi105ures ol. Ii'iislecs, rLIIIUIICI'¢iiion SPLcilicd by lJiv al'c i)ol li1￿1￿L. OI.
we have nol rc¢eivLd illl Ihc iiiloriiialion and cxplanalion% ive rL(iuirL for uui. iiudi(.
Responsibilitles of trustees
A.8 cxplain¢d niorc fLilly in the Silltetnenl ofTruslee5' Rcsponsibililies, the trLislees, who ai'c also Ihe direclors ofihl chiii'ity
foi. Ilie pui'posc of con)pan)' law. are r¢sponsible foi- Ihe pi'epai'aiion of the financial slaiciiients and foi. bcing Saiisfi¥d ili&l
they give a true and fail. vi¢w, And lor such inlernal Lotilrol as Ili¢ direclors delermine is necessary 10 eiiablc Ihe prepai'alion
or rinancilll 51aleinenls Ihal air free fi-om ni<11erial misslalemenl, wh¢iher diie to Ii'aud or eri'or.
In prep41ring Ihc liiianuial slalLm¥nls, IhL Iruslu¢s al'c rc5ponsiblc loi. Isse55ing Ilie charity's abilily lo LoiilinLIC 115 a goin
conccrn, disclosing, as #pplicablL. Inaiiers I'LlalLd Lo goiiig concern using IIiL goiiig LonLern b&sis ol. aLciiiinliiig LinlL%
the IrusieLs Liiher iiilcnd lo liquidalc Ilie company oi. to LLIISL OPLI'411ion%. ijr Ii&vL IIU I'LdlisliL alici'iialivL but 10 do
Auditor's responsibllltles for tlie ou(Ilt of tlie fJnan¢lftl stntemeiits
Our objeclives al'e lo obtain re8sonable assurance about wheihoi. the fiiiancial statements a5 8 whole arc frce Irom iiiJiei'ial
mi5slal¢nicnl, wheil)ei' diie lo fraud oi. ei'roi., and (o issiie audilOI S I'CPQrt Ihal incliid¢s our opinion. Rc¢isonable asSLiriinL¢
is u higli level of455uranc¢, bul 15 nol ¥ guaranlcc ihal an audit ¢onducl¥d in uc¢ordan¢e wilh ISAS (UK) i¥i1S ally￿),5 dLtLLI a
Inalci'ial niiss((Ilcmeiii whLii il exisls. fvlis.%laLeincn15 can Ir I'isc li'oiii limiid 01- Lri'ui. and (Il'¥ con5idLI'ed 111alci.ial il-. indii'icliially
or in the uggirgale. Il)ey could reasoiiably be e%pLLILd lo inllucnL¢' IhL cconoiniL deci.4ions ol- Il4Lrs iakcii lh¥ b&%1.4 01.
Ihese financial s(aLcmcnts.
Iri'egulai'ilies. including Ii'aud. al'e iiislan¢¢s ol non-LompliancL iviili Iuivs Mnd ￿'gula[10￿5. We dc5ign proucdui'cs iii linL iviIII
our rLSPOnbibililics, ouiliiied ab()vL, lo dLlcLi malerial InissLÉiicin¢iils iii rL'speLI uf iri'eb)Iilai'ilies, including Iraiid.-l-hL LNILfiI
lo which oui. pr￿edUl.¢5 are capable ofdelecling ii.re8ulurili¢s. inLlvding fi'aud, is Lletaiilcd bLIow.
Explanation RS to iyliat extent the Audil IVAS con5iilci.ed eai)Able of (letecting irwulni'itits. Incliidlllg frnud
The objeclives ofoLlI' audil in I'e5pcci or rraiid, arg lo idenlify and ll5sess the risks of malei-ial mi5slalcinLiiI of Ilic fin41DLial
staiemenls due lo fraud. io obiain surricienl appropi'iaie aiidil cvidence I'cgarding (lie &ssesscd I'isks of Inalerial mi5511I (Linenl
duc (o liniid. Ihroiigh designing Ic nd implemeiiling appiopi'i(ile I'esponsLS lo Ihosc ll%ses5ed I'isK.i.' lind Io I'L.%pond
appi'oprialely lo inslanGe5 of fi'&ud oi. siispecl¢d fi?ud idciililied during Ihc audi(. Ho¥vever. the pi'iinary IL'5poiisibilily foi. IhL
prcvenlion und del¢clion ol. fraud rests with boih maiiageiiienl and 11i05c charged wilh goiieriiiirbce ufihL Charily.
Our appi'oach was as follows:
We obiain¢d an undeisl41nding ol"IhL Icgal and I'cgLII14 toly I'CqLiiremLnls IippIiLablc lo Ilie chai'ily and conbidci'cd
Ihal Ihc m051 significani ai'¢ Ihc Loiiipunie5 Acl 2006 and Ihc financial Repoi'iing Siandai'd applicllblL 111 Ilic UK
and Republic of Srcland (fRS 102) (effeclive l Januaiy 2U15) - (ChariliLS SORP <fRS 102}.
r.nquiry of Man￿geMent. those charged wilh govei'iiilnce and Ihe enlily's solicilurs iii'ound ucluJl and polcnli141
liligalion and claiins.
Enquiry ol'cnlily 51arr in LomplianLe lunclion5 10 idLnlily any instances ol'any non-compliiinLLi iyiih laws ii nd
regulalion5.
Reviewing lin8nciiil still￿￿¢￿[ dis¢losuYcs and Icsling lo supporliiig documcnlcilion lo asse55 LonipliancL iyiih
applicablc law5 and r¥'gulalion5.
l)age 9

ORKFORCEI TRAINING SERVICCtS LIMI'fED
FINANCIAL STATLI IWICI NTS
FOR THE YII AR ENDED 31S'I" MARCH 2024
REPORT OF THE INDEI PENDENT AUDITOR TO THC MEMBEI RS,
Audiliiig the risk of Inanagenicnl override of Goiili'ols, including Iliioiigh testing jolirnal eiilries aiid other
adjuslmeiils foi. appi'oprialeii¢ss, ai)d evalualiiig Ilie business raliontLle of 5isnificaiil IrAnsa¢lioiis OLilside the
normlil course of bLisiiiess.
As part of an audil irt accordance with ISAS (UK) we exeirise profe55iol)al jiidgemenl aiid iiiainlaiii professioiial sceplicisni
throughout the audil. We also..
Identify aiid assess the risks of malerial misstatement of the finaijcial slalemenls. wl)eilier due lo fraiid or errol..
design and perform aiidit procedures responsive to those risks. and obiiiin ftudil evidence t11￿1 is siifficienl aiid
appi'opriale to provide a basis foi. oiir opinion. Tlie risk of not d¢t¢cliiig a Inalerial iiiisstaleinenl I'esiiliin& Fix)In
frAud is IIiBher tliaii for one r¢sLiliing fi'om ei'roi.. as fraud may involve colliisioii, foi'gery, ii)leiilioiial omissions.
misi'epreseiil81ioiis, or the override of internal control.
Oblain an understanding of iiilernal control relevant 10 the audit in order to design audit pi'ocedLires Ih<lt are
appropi'iate in the circiimsLinces, bul not for the puiyoses of expressiiig ali opinioi) on the effc¢liveiic5s of Ihe
company's iniernftl control.
Evaluatc Ihe appi'oprialeness of accountiiig policies used and il)e reasonableiiess ol accoiinling esliinates and
related disc105ures made by the dircfjlors.
Concludc on the approprialeness of Ili¢ direct015' use of tlie going concern basis of accounting aiid, bR5ed on Ihe
aiidil evidence obtained, whether a malerial iincertainly exists rclaled io even15 01. condili011s that Illl¢ y Ctisl
significant doubt on Ihe Gliarily's ability lo conlinlie as a going concern. If we coiicllide IhRI a material iincerlainly
exists, we al'e required to draw altentioi) in our auditor's report to (he I'elalcd disclosiire5 in tlie financial sialemeiils
or, if such disclosures are iiiadequftle. lo Inodify oiir opinion. Our ¢onclLision5 are based 01) tlie aLidil evid¢iice
obtained up 10 oiir auditols report. How¢ver. future evenls or coiiditions i)iay cau5c (lie Ghai'ity lo cease to conliniie
as a going concern.
Eva5Liale the overall presenllltion, slructiire and content of the financial 51atemenls, iiicliidiiig the disclosiires, and
wlieiher the fiii4iiicial staleillents I'epre5ciiI Ilie iindei'lying Ii'ai1Sl1 clioiis ai)d eveii15 in a Inrfitbiiei. Ilial acliieves fair
preseiitalion.
A further descriplion of oiir responsibilities foi. the aiidil of the firsancial statements is located oil the Financial Reporliiig
Council's website at.. littP'.Ilwww.frc.org.Iiklaudilor5respoiisibililies. This descriplioii foi'ins parl of oiir aLidilor's I'eporl.
We conimunicale with those charged wilh governance regarding. amoiig other Inallers, Ilie plaiiiied scope and liining of (lie
audit and sigiiificani findings. including ILny sigiiificaiil defieieiicies in ii)lei'nal conli'oS Ilial we identify dLII'IIIUJ OLII. aiidil.
Use of oui. report
Tlii5 report is made solely to the cl)aritable coillpany's menlbers, lls a body, in AccordRnce with Chapter 3 of Parl 16 of Ihc
Coinpanies Act 2006 aiid regiilalioiis made iii)dei' tha( Act. Oiir alidil work has been iinderlaken so Ihal WC Iiiig)hi slalc lo Ilie
harilable coinpany's mcinbers those matlei's we are required lo slate lo them in ali aiidilors, report and for no oilier pui'pose.
To the fullest extent perinitted by law, we do not accept or assume responsibility to anyone other than the chai'itable ¢oinpaiiy
nd it5
embers as a
dy, for Dui. aiidil work, for this report. oi. for the opiiiions we have formed.
LAWRENCE SHEARCR F.C.A., Seiiioj. StAtutory Auditoy
FOR AND ON BEHALF OF O'HARA SHEARER. Stlltutoi'y Auditor
O'HARA SHCARCR
CHARTEI RED ACCOUNTANTS
AND STATUTORY AUDITORS
547 Falls Road
Belfasl
BTII 9AB
DAted:
29th Noveiiiber 2024
Page 10