REPORT OF THE INDEPEf4DENT AUDITORS TO THE MEMBERS OF CllILDREN'S HEARTBEAT Opinion We have audited the financial statements of Children's Heartbeat (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance Sheet. Statement of Changes in Funds. Statement of Cash FIDWS and Notes to the Financial Staternents, including & SUTnmary of significant aGcounting policies. The financial reporting framework that has been applied in their prepaTation is applicable law and United Kingdom Accounting Standards, including Fillancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United KinEdorn Genera]ly Accepted Accowjting Practice). In our opitLion tbe financial statements.. give a tn and fair view of the state of the charitPAble company's affairs as at 31 March 2024 and of its surplus for the year then ended. have beeTh PToperly prepared in accordance with United Kingdorn Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companie5 Act 2006. B3sis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fiuther described in the Auditors, respon8ibilities for the audit of the financial 5taternents 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 the UK, includinE the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have nbtained is SUtTicient and appropriate to provide a basis for our opinion. Conclusions relaifing to going concern In auditing the fjnancial statements. we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we bave not identsfied any material uncertainties relating to events or conditions that, individually or collectively, may east significant doubt on the charitable 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 responsibiliti¢s and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Other inforn)¥tioJJ The other inforniation comprises the information included in the Report of the Directors but does not include the financial statements and our Report of the AuditOTS tbeIeon. The directors are responsible foT the other infornjation. Our opinion on the financial statcments does not cover the other infonnation and. except to the extent othenvise explicitly slatcd in ourTeport, we do not express any forn of assurance conclusion thereon. Our responsibility is to read the other informatson and. in doing so, consider whether the other inforniah'on is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othenvise appears to be materiallymisstated. Ifwe identify sucb material jDcollsi5tencies OT apparent material mis5tstements, we are required to detern]ine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perfomied. we conclude tbat there 15 a materia] rnisstatement of this other inforn]ation, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the COUTse of ttLe audit.. the infoThation given in the Report of tbe Directors for the financial year for whicb the fmancial statements are prepared is consistent with ttLe financial statements,. and the Report of the Directors bas been prepared itl accordance with applicable legal requirements. Page 8
R£PORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHILDREN'S HEARTBEAT Matters on Tryhich we are required to report by exception In the light of the knowledge and understanding of the charitable cornpany and its environment obtained in the course of the autht, we have not identified rnaterial misstaternents in the Report of the Directors. We have nothing to Teport in respect of the following matters in relation to which the Cornpanie& Act 2006 requires us to report to you if. in our opinion= adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting Tecords and Teturns. or certain disclosures of directors, remuneration specified by law are not made. OT we have not received all the infonnation and explanations we require for our audit. or the directOTS were not entitled to prepare the fmallcial statements in accordance with the srnall companie5 regime and take advalltage of the small cornpanies, exemptions in preparing the Report of the Directors and from the requirement to prepaTe a strategic Teport. Responsibilities of direetors As explained more fully in the Statement of Directors, Responsibilities Set out on pagc seven, the diTectors are responsible for the preparation of the financial statements and for being satisfjed that they give a true and f&ir view. and for such internal control as the directors detennine is necessary to enable the preparation of fin&neia] staternents that are free from material mi5Statement, whether due to fraud or eOr. In preparing the financial statements, the directors are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, a8 applicable, rnatters related to going concern and using the going concern b&si5 of accounting unless the directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor$' responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance aboutwhetber the fillaneial statements a5 a whole are free from material misstatement, whether due to fraud or eor. and to 18suc a Rcport of the Auditors that includes our opinion. Reasonablc assurance is a high level of as8uraDce, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material Jnisstatement when it exists. Misstatement5 can arise from fraud or eor and are considered material if. individually or in the aggregate, they could reasonably be expected tr) influence the e¢oDOrni¢ decisions of users taken on the basis of these financial statements. Irregularities, including fraud are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irTegularities, including fraud. The extent to which our procedures are ¢apabl¢ of det¢ctiThg irregularities. including fraud is detailed below.. Our approach to identifying and agsesgillg the Tisks of rnaterial rnisstatement in respect of ]egUlaritieS, including fraud and non-compliance with laws and regulations. was as follows.. .tbe engagement partner ensured that the engagement team collectively had the appropriate competence. capabilities and skills to identify or reColse non-¢omplian¢e with applicable laws and regulations. we identified the laws and Tegulations applicable to the charitable company through discussions with drectors and other managemenL and from our commercial knowledge and experience of the charity sector; •we focused on specific laws and regulation5 which we considered may have a direct material effect on the financial Statements or the operations of the company. Buch as the Companies Act 2006,. *we assessed the extent of compliance with tbe laws and Tegulatiolls identified above tbrough making enquiries of management. and identified laws and regulations wer¢ cornmunirated within the &udit team TegulaTly and the team remained alert to instances of non-compliance throughout the audit. Page 9
REPORT OF THE INDEPENDENT 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 understaDding of how fraud might occur, by.. 'makinE enquiries of manaEernent as to where they considered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud. 'considering the internal controls in place to mitiEate risks of fraud and non-cornpliaThce witb laws and regulations. To address the risk of fraud through management bias and OVeide of controls, we.. 'perfOed analytical proceduTes to identify any unusual or unexpected relationships" •tested journal entries to identify unusual transactions. In response tr) the risk of ]egularItieS and non-compliance with laws and regulations. we designed procedures which included, but were not limited to.. •aEreeing financial statement disclosures to underlying supporting documentation,. 'reading the minutes of meetings of those eharged with governance.. enquiring of managernent as to acttial and pi)tenti&l litigation and claims. Because of tbe inherent limitstions of an audit, there 15 a risk that we will not detect all iegular1ties, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliancc a law or regulation is removed from the events and transactions retlected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also Ereater regarding irregularities occurring due to fraud rather than error, as fraud involves intelltional concealment. forgery. collusion, omission OT misrepresentation. A fiuther description of our responsibilities is available on the FRC'S website at www.frc.org.uklauditorsresponsibilities. This description fonns part of our Report of the Auditors. Use of our report Tkns report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit workhas been ulldertaken so that we might state to the charitable cornpany'5 mernbers those matters we are required to state to thern in a Report of the Auditors and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we have fonned. Joanne Small (Senior statory Auditor) For and on bebalf of Baker Tilly Mooney Moore Chartered Certified Accountants Statutory Auditors 17 Clarendon Road Clarendon Dock Belfast BTI 3BG Date.. Page 10