REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHILDREN•S HEARTBEAT Opinion We have audited the financial statements of Children's Heartbeat (the 'charitable company? for the ye8r ended 31 March 2023 which comprise the Statement of Financial Activities, Balance Sheet, ststement of Changes in Funds, Statement of Cash Flows and Notes to the FinanGi&l Statements, 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 Standard5, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {UnAted Kingdom Generally Accepted A¢countins Practice). In our opinion the fjnancial ststsm¢nls: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its defi¢ii for ihe year then ended. have been properly prepared in accordance with United Kingdom Generally Afxepted A¢¢ouftting Pral¢c. and have been prepared in accordance wilh ihe requiyements of the Companies Act 2006. Bisis for opinio We conducted our audit in ac¢ordance with International Slandards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, r¢sponsibililies for the audit of tlie financial statements section of our report. We are independent of the ¢haritable company in accordance with the ethical reqiiirements that are relevant to our audit of the financial statements iii th¢ UK, including the FRC.'s F.thi1 Standard, and wc have fulfillcd our other cthical rcspon$ibilitiC5 in acGorduT]ce with ¢h¢se requirements. We believe that the audit ¢vidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Coneluslons rel8tlng to golng concern In audiling the financial $tstements, we have eJ)ncluded that the dIlOr8. use of the going concern basis of accounling in the prcpaTalion of the financial statement5 is appropriate, Based on the work we have perforrned, we have not identified any material uncertainties relatin8 to events or conditions that. individually or ¢olleclively. may cast Si8nificanl doubt on the charitsble company's ability to continue as a going con¢em for a period of al least twelve months fiDni wlien the fJnan¢ial slat¢menls are auihorised for issue. Our rcsponyibilitics and the responsibilities of th¢ directors with respect to going ¢on¢ern are deseribed in the relevant 5ection5 of this report. Other InfomAtlon The other infonnation comprises the information included in the Report of the Dir¢¢lors bui does not include the financial Statcments and our Report of the Auditoi's thLYeon. The directors are responsible for the other infoTrnation. Our opinion on th¢ financial statements does not cover ihe other inforrnation and, except to the extent otherwise explicitly staled in our report, we do not express any forn) of assurance conclusion thereon. Our responsibility is to read tl)e other inforniation and, in doing so, consider whether the other infomation is materially inconsistent wlth the financial statem¢nts or our knowledge Oained in the course of the audit, or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material rnisstatements, we 'C required to determine whether this gives rise to a matcrial rnisslalement in the financial slalements Ihemselves. If, based on the work we have perfonned, we conclude that ihere is a material misstatement of this otber information, we are required to report that fact. We h&ve nothing to report in this regard. Oplnlon on other matters preseribed by the Companies Aet 2006 In our opinion, based on the work undertaken in the course of the audit.. the information giv¢n in the Report of the Dire0 for the financial year for which the financial statements are prepared is consistent with the financial ststements. and the Report of the Directors has been prepared in accordance with applicable legal requirements. Page 8
REPORT OF THE INDEPENDEIYT AUDITORS TO THE MEMBERS OF CHILDREN)S HEARTBEAT Matters on whleh we Are r¢qulred to report by cx¢eptio In the light of the knowledge and understanding of ihe charitable ¢ompany and ils environment obtained in the course of the audit, we hav¢ not id¢nlifi¢d mal¢rial misstatements in the Report of the Direclors. We have nothing to report in respect of the following matter5 in relation to which the Companies A¢t 2006 requires us to report to you if, in our opinion., adequate accounting records have not been kept, or returns ad¢quat¢ for our audit have not been received from branches not visited by us. or the fjnancial statements are not in agreement with th¢ accounting record5 and returns; or ccrtain dTsclosures of diTectors' remunerdtion specified by law are not mAde' or we have not received all the information and explanations we requiT¢ for our audit. or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small ¢ompaiii¢s' exemptioiis in preparing the Report of the Dir¢¢tors and from the requirement to prepare a strat¢gi¢ i'eport, Respons5bllltles of dlrector As explained more fully in the Staternent of Directors, Responsibililies set out on page 5iX, the directors are responsible for the preparation of the financial $tat¢m¢nts and for being satisfied tl)al 11)ey give a true and fair view, And for such internal control as the directors determine is necessary io enable the preparation of financial statements thAt are free from niat¢rial misstat¢m¢nt, wheih¢r du¢ to fraud or error. In preparing the finttncial statements, the directors are responsibl¢ for d¥si'¥sing thc Gharituble company's ability to conlinue as a going concern, disclosin& as applicable. niatters related to going concern and using the going concern basis of accounting unle8S the directors either intend to liquidate ihe ¢harilable coinpany or to cease operations, or liave no realistic alternative but to do so. Auditors, responsibilities for the audit of the flnanclal Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are fre¢ from material misstatement, whether due to fraud or etror, and io issue a Report of the Auditors that ii)¢liides our opinion. Reasonable assurance is a high level of assiirance, but is not a guarantee ihat an audit ¢onduGted in NGcordance with ISAS (UK) will always deleet a malLrial misytalLmcnl wlicn it Lxists. Misstatementq can arise from fraud or error and are Considered material if, individually or in th¢ aggregate, they could reason&bly be expected to influ¢n¢e the economic deci$ion$ of users taken on the basis of these financial statements. Irregularities, including fraud are instances of nonrfompliance with laws and regulations. We design pi'o¢edures in line with our responsibilities, outlined above. to detect material misslatement5 in respect of irre8ularitie5, including fraud. Tlie exleiit to which our procedures ai'¢ capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstaternent in respect of iegUlArlties, including fraud and non-compliance with laws Mnd regulations, was as follows,. •the engagemcnt partner cnsured thal the engagement team collectively had the appropriate competence, capabilities and skill$ to identify or recognise non-eomplianrK with applicable laws and regulations, •we identified the laws and regulations applicable to the chai'itable company through discussions with directors and other management, and frorn our commer¢ial knowledge and experience of the charity sector, •we focused on specific laws and regulations which we considered may have a direct material effect on th¢ financial statements or the operations of the company, such as the Companies Act 2006; •w¢ assessed th¢ extent of compliance with the laws and regulations identified above through making enquiries of management,. and •identified laws and regulations were communi¢at¢d within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. Page 9
REPORT OF THF INDF.PFNDENT AUDITORS TO THE MEMBERS OF CHILDREN'S HEARTBEAT We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by., •making enquiries of management a5 to where they consid¢red th¢r¢ was suscepiibility to fraud, Iheir knowledge of actual, suspected and alleged fraud; onsidering the internal ¢ontrols in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud thtDu£h management bias and override of controls, we: 'perforn)ed analytical pro¢edur¢s to identify any unusual or unexpected relationships; •tested journal entries to identify unusual transactions, In response to the risk of I¢gularItieS and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: •agreeing financia] statement dis¢losurc5 to underlyin8 Suprting documentation: 'Teading the minutes of meetings of those charged with governanc¢: •enquiring of management as lo aclual and potential litigation and claims. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading io a material mis5tstement in the financial statements or non-complian¢e wilh regulation. The risk increases the more that compliance with a luw or regulation is removed from the event5 and transactions reflecled in ihe financial statements, as we will be less lik¢ly lo be¢om¢ aware of instances of non-¢ompliance. The risk is also greater re8ardiiig iIre8ularities occurring due lo fraud rather than error, a8 fraud involves inlentional concealment, forgèry, collusion, omission or misrepresentstion. A further description of our responsibilities is available on the FRC'S website at www.frc.org,uk/auditorsre8ponsibilities. This d¢5¢ription fonns part of our Report of the Auditors. Use of our report This report 1$ made solely to the charitabl¢ company's rnembers, As a body. in accoall¢¢ with Chapter 3 of Part 16 of Ihe Companies Act 2006. Ouraudit work has been undertaken so that we might stste to the charit&ble company's members those matters we are required to state to ¢h¢m in a Report of the Auditors and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the chorilable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Joann¢ Small {Senior Statutory Auditor) For and on behalf of Baker Tilly Mooney Moor¢ Chartered C¢rtified Accountants Statutory Auditors 17 Clarendon Road Clarendon Dock Belfast BTI 3BG Page 10