Eastside Partnership Company Limlted by Guarantee Independent Auditor's Report to the Members of Eastside Partnership Year ended 31 March 2023 Oplnlon Wa have audited the financial statements of Eastside Partnership (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities (including in¢ome and expenditure account), statement of financial position, statement of cash flows and the ralated 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 Stsndards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: gtve a true and fair view of the state of the charity's affairs as at 31 Mah 2023 and of its incoming resou$ and application of resources, including its income and expenditure. for the year then ended,. have been properly pr8par8d 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 Stsndards 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 statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard, and the provisions available for small 8ntilies, in the circumstances set out below. and we have fUilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. APB Ethical Standard - Provisions available for small entities In Common with many other organisations of a similar size and nature, the Charity uses its auditors to prepare and submit return5 to the tax authorities and assist with th8 preparation of their organisation's financial statements. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going conrn 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 8vents or conditions that. individually or collectively, may cast signfficant doubt on the charity'5 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 report. 12
Eastside Partnership Company Limited by Guarantee Independent Auditor's Report to the Members of Eastside Partnership (contlnu8d) Year ended 31 March 2023 Other inforniatlon The other information comprises the information included In the annual report, other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover thè other information and, except to the extent otherwise explicitly stated in our report. we do not express any fonn of assurance conclusion thereon. In Connection with our audit of the financial statements, our responslbility 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 whether there is a material misstatement in the financial statements or 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 thls regard. Opinlons 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 the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements: and the trust&es' r8POrt has been prepared in accordan with applicable legal requirements. Matters on which 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, we have not identified material misststements 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 rf, in our opinion= adequate accounting records have not been kept, or returns adequate for our audit hav8 not been received from branches not visited by us. or the financial ststemenls ar8 not in agreement with the accounting records and returns: or certain disclosures of trustees. remuneration specified by law are not made: or we have not received all the infomiation and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantsge of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a strategic report. 13
Eastside Partnership Company Limited by Guarantee Independent Auditorfs Report to the Members of Eastside Partnership {contlnu8d) Year ended 31 March 2023 Responslbllltles of Irustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the d1ctOrS for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financlal ststements that are free from material misslatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to conlinue as a going concern, disclosing. as applicable. matters related to going concem and using the going concern basis of a¢counting unless Ihe trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. 14
Eastside Partnership Company Limited by Guarantee Independent Auditor's Report to the Members of Eastside Partnership {contlnued) Year ended 31 March 2023 Auditorfs responsibilities for the audit of the financial ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole ara free from material misstatement, wheth8r due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wilh ISAS {UK) will always detect a material misstatement when 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 influenc8 the economic decisions of users taken on the basis of th&se financial statements. Irregularities, including fraud, are InStanS 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 including 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 documentstion 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-complian with laws and regulations. the matters discussed among the audit engagement team including significant component audit teams and relevant intemal specialists. including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indiGators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. 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 r8gulatory 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 considered in this context included ongoing compliance Wlth the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their ability to operate or to avoid a material penalty. 15
Eastside Partnership Company Limited by Guarantee Independent Auditor's Report to the Members of Eastside Partnership fcontinued) Year ended 31 March 2023 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, vthether 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 invofve collusion. forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expr8ssing an opinion on the effectiveness of the internal 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 charivs ability to continue as a going concem. If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, 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. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures. and whether the financial statements represent the underlying transactions and 8vents in a manner that achi8ves fair presentation. 16
Eastside Partnership Company Limited by Guarantee Independent Auditor's Report to the Members of Eastside Partnership (continued) Year ended 31 March 2023 We communicate with those charged with governance regarding, among other matters. the planned sGope and liming 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 solety to the charivs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies A¢t 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to stste to them in an auditorfs 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 charity and the chariws members as a body, for our audit work. for this report. orfor the opinions we have formed. Paul Dolan (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 1 Dec&mb8r 2023 17