Report of the Independent Auditorsto tlie Members of Monkstown Community Forum Opinion We have audited the financial statements of Monkstown Community Foruni (the 'cliaritable company,) for the year ended 30 September 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policie5. The fiiiancial reporting framework tliat lias been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the finaiicial statemeiits.. give a true and fair view of the state of the charitable compaiiy's affairs as at 30 September 2023 and of its incoming resources 2nd application of resources, including its income 2nd expenditure, for the year then ended,. have been properly prepared in accordance witli United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements ofthe 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 stsndards are rther described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in tlie UK, including the FRC'S Ethical Standard, and we have fulfilled our otlier ethical responsibilities in accordance with these requirements. We believe that tlie audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinioii. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the Eoiiig concern basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have performed, we have not identified any material uiicertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the cliaritable company'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 concern are described in the relevant sections of this reporL Other information The trustees are responsible foi. the other inforniation. The other information comprises the information included in the Annual Report, other tlian the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise 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 determine whetlier tliis gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstaternent of this other information, we are required to report that facL We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in tlie Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Report of tlie Tiustees has been prepared in accordance with applicable legal requirements.
Report of tlie Independent Auditors to the Members of Monkstown Community Forum Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misststements in the Report ofthe Ti'ustees. We have nothing to repoit in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records liave not been kept or returns adequate for our audit have not been received from bl-anches not visited by us,. or the financial statemeiits are not in agreement with the accounting record5 and returns; or certain disclosui'es of trustees, remuneratioii specified by law are not made,. or we have not received 311 the information and explaiiations we require for our audit; or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Sti'ategic Report or in preparing the Repoi't of the Trustees. Responsibilities of trustees As explained mol'e fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being sattsfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material niisstatement, whether due to fraud or error. In prepariiig the financial statements, the trustees are respoiisible for assessing the charitable company's ability to continue as a going concern, disclosin& as applicable, matters related to going concei-ii and using the going concerii basis of accounting unless the trustees eithei- intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Report of the Independent Auditors to the Members of Monkstown Community Forun) Our responsibilities for the audit of the financial statements Our objectives are to obtain reasoiiable assurance about whether tlie financial statements as a wl)ole are free from material misstatement, whether due to fraud or error, and to issue a Report of the IndependentAuditors that includes our opinion. Reasonable assurance is a liigh level of assui-ance, but is not a 8u2r2ntee that an audit conducted in accordance with ISAS (UKJ will always detect a material misst2tement wlien it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on tlie basis of these financial statements. The extent to which our pi'ocedures al'e capable of detectiiig irregulai-ities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-coinpliance with laws and regulations, was as follows.. the engagement partner ensured that the engagemeiit team collectively had the appi'opriate competence, capabilities aiid skills to identify or recognise non-compliance with applicable laws and regulations,. we identified the laws and regulations applicable to the charity through discussions with trustees and other manageinenL and from oui- commercial knowledge and experience of tlie computer component manufacturing and supplysector. we focused on specific laws and regulations which we considered may liave a direct material effect on the financial statements orthe operations of the charity, including the Charities Act (Northern Ireland) 2008, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; we assessed the exteiit of compliance with the laws and i'egulations identified above througli making enquiries oFmanageinent and inspecting legal correspondence,. and identified laws and regu12tions were communicated witliin the audit team regularly and the team remained aleit to instances of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud miglitoccur, by: making enquiries oFmanagement as to where they considered there was susceptibility to fi'aud, their knowledge of actual, suspected and alleged fraud- and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and ovei'ride of controls, we.. performed analytical procedllres to identify any unusual or unexpected relationships,. tested journal entries to identify unusual transactions,. assessed whether judgements and assumptions made in determining the accounting estimates set out in the notes were indicative of potential bias; and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance witli law5 and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance- and enquiring of management as to actual and potential litigation 2nd claims. There are inherent limitations in our audit procedures described above. The more removed that laws and i'egulations are from financial transactions, the less likely il is that we would become aware of non-compliance, Auditing standards also limit the audit procedures required to identify non-compliance witli laws and regulations to enquiry of the directors and other nianagement and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that ai'ise frorn error as they may involve deliberate concealment or collusion.
Report of the Independent Auditors to the Members of Monkstown Community Forum A further description OF our i'esponsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description foi'ms part of our Report of the Independent Auditors. Use of our report This reporl is made solely to the charitable company's niember5, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are i'equired to state to them in an auditors, 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 charitable company and the chai'itable company's members as a body, For our audit work, for this report, or for the opinions we have formed. Malachy Mc y{Se or Sta for and on be f of M.B.McGra Chartered Accountsnts Statutory Auditors Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH to y Auditor) Date.. ....