ort of the Inde endent Auditors to the Members of outh Belfast Sure Start Opinion We liave audited the financial stateinents of South Belfast Sure Start (tlie 'charitable coinpany,) for the year ended 31 Marcli 2024 which comprise tlie Statement of Financial Activities, the StatemerLt of Financial Position, tlie Stateinent of Cash Flows and notes to the financial statements, including a suininary ol significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acc¢pted Accounting Practice), including Financial Reporting Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true aiid fair view of tlie state of the charitable coinpany's affairs as at 31 March 2024 and of its incoming resources and application of resources, including ils income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Irelaiid aiid have been prepared in accordance with the requirements of the Coinpanies Act 2006. Basis for opinion We conducted our audit in accordaiice with International Standards on Auditing (UK) (ESAS (UK)) and applicable law. Oiir responsibilili¢s under Ihosc standards are rther described in the Auditors, responsibilities for the audit of the financial stateinents sectioii 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 stateinents in the UK, including the FRC'S Ethical Siandai'd, and the provisions available for sinall entities, in the circumstances set out in note 19 to the financial slaleineiils, aiid we have fulfilled oiir other ethical responsibilities in accordance with these requirements. We believe tliat the audit ¢vidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to goiiig concern In auditing the financkal statements, we have concluded that the tNstees' use of the going concern basis of accountiiig in Ilie pi'eparation of tlie finaiicial statemeiits is appropriate. Based on the woi-k we have perfonned, we have not identified any materi81 unceitainties relating to events or coiiditions that, individually or collectively, Inay cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least twelve tnonths from when the financial statements are aulhoris¢d for issue. Our respoiisibilities and the responsibilities of the trustees with respect to going concern are described in tlie relevant sections of this report. 10
ort of the Inde endent Auditors to the Members of South Belfast Sure Start Other information The truste¢s are responsible for the other infonnation. The other infonnation comprises the infomiation included in the Annual Report, other tlian tlie financial stateinents and our Report of the Independent Auditors thereon. Our opinion oil the fll]ancial stateinents does not cover the other information and, except to the extent oiheiTrvise explicitly slated in our repoit, we do not express any fonn of assurance conclusion thereon. In connection with our aiidit of the financial stat¢Tnents, our responsibility is to read the other infom]ation and, in doing so, consider whether the otlier infonnation is inaterially inconsistent with the financial statements or our knowledge obtained in the audit or othenvise appears to b¢ materially misstated. If we identify such Inaterial inconsistencies or apparent inaterial misstateinents, we are required to detemiine whether this gives rise to a material misstatetnent in the financial statements themselves. If, based on the woi-k we hav¢ p¢rfonn¢d, we conclude tliat ther¢ is a material inisstatemeiit of tliis other infomiation, we are required to report that fact. 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 iindertaken in tlie course of Ilie audit.. the inforniatioii given in the Report of the Trustees for tlie financial year for which the financial statemcnls are prepared is consistent with the financial statements,. and the Repoit of Ilie Trustees has been prepared in accordaiice willi applicable legal requireinenls. Matters on Ivhich we are required to report by exception lii the liglit of the ktiowledge aiid uiidei'slandiiig of the charitable coinpaiiy and its enviromnent obtained in the coui'se of the audit, we have not identi fied inaterial misslateinents in the Report of the Trustees. We have noihiiig to report in respect of the following inatlers wliei'e the Coinpanies Act 2006 requires us to report lo you if, in our opinion.. adequat¢ accounting records have not bcen kept or returns adequate for our audit have not been received froin branches not visited by us. or the financial staleinents are not in agreeiment with the accounting records and retums,. or certain disclosures of tNstees' i'emiineration specified by law are not made. or we have not received all the infonnation and explaiiations we require foi our audit. or the trustees were not entitled to take advantage of the srnall companies exemption from the requireirjenl lo prepare a Strategic Report or iii preparing tli¢ Report of the Trustees. Responsibilitie$ of tfU5tees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who ar¢ also the directors of tlie charitable compaiiy for the purposes of company law) are responsible for the preparation of the financial slateineiils and for being satisfied that they give a true and fair view, and for such internal control as the Inistees detennine is necessary to enable the preparation of financial statements that are free from Inaterial inisstateiiient, whether diie to fraud or error. In preparing the financial stateineiits, the trustees are responsible for assessing the cliarilable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using tlie going conceni basis of accounting unless the trustees eillier intend to liquidate tlie charitable company or to cease Opurations, or have no realistic alternative but lo do so.
ort of the Inde South Belfast Sure endent Auditors to the Members of tart Our responsibilities for the audit of the financial statements Our objectives are to obtain Teasonable assurance about whether the flnancial statements as a whole are fre¢ from inaterial misstateinent, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit coiiducted in accoi'dance with ISAS (UK) will always detect a materkal misstatement when it exists. Misslateinents can arise froin fraud or error aiid are consid¢red material if, individually or in the aggregate, they could reasonably be expect¢d to influence the econojnic decisions of users taken on the basis of these financial statements. The extent to whicli our procedures are capable of detecting tegUlar1tie8, including fraud is detailed b¢low'. Irregularities, including fraud, are instances of non-coinpliance witli laws and regulations. We design procedures in line with our responsibilities, outlined abov¢, to detect material misstatements in T¢spect of irTegularitie5, including fraiid. In particular, we looked at where manageinent made subjective judgements, for example in respect of accoiiiitiiig estiLnales that iiivolved making assuinplions and considering tUre events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and Inotivations for fraud. As part of this discussioii, we identified the intemal controls established to mitigate risks related to fraud or non-coinpliance with laws and regulations and how manag¢ment monitor tliese processes. Appropriate procedures incliided the review and testing of inanual joumals and key estimates and judgcrnents made by management for risk of fraud. Based on our iinderstanding of the company and industry, we identified the principal risks of non-cumpliance witli laws and regulations as those that have a dire¢l impact on the detennination of material aimounts and disclosures in the financial statements. We evaluated m&iiageinent's inceiitives aiid opportuiiities for fraudulcnl manipulation of tlie financial statements and identified Ilie greatest potential for fraiid. We colnUnICated th¢ identified laws and regulations Ihi-oughout the audit team and reinained alert to any indications of non-coinpliance throughout the audit. Audit procedures perfoiTned included, but were not limited to.. Discussions with inanageinent including consideration of known or suspected instances of non-compliance with laws and regLilation and fi'aud. eviewing Ilie tinancial statement disclosures and testing to supporting docuinenlatLOn' Review of board meeting minutes of those charged with governance; In addressing th¢ risk of fraud through management override of controls, testing th¢ appropriateness of Joumal eiitries aiid othei. adjustments. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticisin throughout the audit. We also'.- Identify and assess the risks of material misstateinent of the financial slateinenls, whether due to fraud or error, design and perform audit procedures r¢sponsiv¢ lo those risks, and obtain audit evidence that is sufficieiit and appropriate to provide a bas1,8 for our opinion. The risk of not detecting a material misslatemenl resulting from fraud is higher than tor one resulting from error, as fraud tnay involve collusion, forgery, intentional oinissions, misrepresentations, or the oven'ide of internal control. Obtain an undei'standing of internal control relevant to the aLidit in order to design audit procedures that are appropriate iii th¢ circuLnstances, but not for tlie purpose of expressing an opinion on tlie effectiveness of the charities internal conllol. 12
ort of the Inde endent Auditors to the Members of th Belfast Sure Start Evaluate the appropriateness of accounting policies used and the rea50nableness of accounting estimates and related disclosures made by the trustees. Perfonn analytical procedures to identify any unusual or unexpected relationsliips that may indicate risks of material misslatemenl due to fraud or error. Coiiclude on the appropriaten¢ss 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 oil the charities ability to continue as a going concern. If we coiicliide that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial staleinents or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of oiir auditor's report. However, future events or conditions Imay cause the charity to cease to continue as a going concern. Evaluate tlie ov¢rall presentation, structure, and content of tlie financial statements, incliiding the disclosures aiid whether th¢ fLiiancial statements represent the underlying traiisactions and events in a inarLner that achiev¢s fair presentation. We cominunicate with tliose charged with gov¢mance regarding, among otlieT matters, the planned scope and tiining of tlie audit and signiticaiit audit findings, including sigiiificant deficiencies in internal control that we identify diiring our audit. A ftirther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting CoLin¢il's website at www.frc.org,uk/aLidilorsresponsibilities. This description fom]s part of our Report of the Indepeiident Auditors. Use of our report Tliis r¢port is made solely to th¢ cliaritable coinpany's members, as a body, in accordance with Chapter 3 of Part 16 of Ilie Coinpanies Act 2006. Our audit work has been uiidertakeii so tliat w¢ Inight state to the chai'ilable company's members those matters we are required to slate to them in an auditors, report and for no other purpose. To tlie fullest extent pennitted by law, we do not accept or assuine responsibility to anyone other than the chai'itable coinpany and the charitable coinpany's ineinbers as a body, for our audit work, for this report, or 01- the opinions we have foiined. Billy Drak eni r StalLLtory Auditor) for and on beha of Lynn Drake & Co Ltd Slatulory Auditors Isl Floor 34 B-D Main Street Moira Co. ArmagE] BT67 OLE 19 Sept¢inber 2024 13