I lif the Ind
cndeiit
TS t(b the Trustees
lilii)urhi)o(l .%ure ililai't I'ri)
eLt
Opinion
We have alidited tlie financial stgtements of Colin Neighbourhood Syre Start Projecl (the 'charitable
oinpaiiy,) foi. the year elided 31 Mai'cli 2923 wliich eoinprise tlie Statein¢nt of FinaJ)cial Activities, the
Stfitemenl of Finon¢i&l Positioii, tlie Ststeineiit of Cash Flows aiid notes to d)e financial stateinents, iiicludiiig
1(Inmary of Sitsiiltlcanl ac¢4xintlii8 poliFi¢J. 'lTh¢ flnanoiol reporiln£ frwnework (hai be¢rt *ppli¢d in
their preparalioii i& appli¥4ble law Und Vnilcd Kingdoin A¢¢ountins Stkkndard.s (Unii¢d Kingdum GeiiLrally
Accepted AGcountiNg Practice), in¢luding Finan¢ial Reportiiig Standai'd 102 'The Fiiiancial Reporliiig
Standard applicable in Ilie UK and Republic of IrolaDd'.
Iii oiir opinioii thc financial stat¢ineiits'.
giv¢ 4 true Aiid fair view of the stat¥ of tlie ¢tsllrilable ¢oinpaDy'5 affAirs as al 31 Mar¢h 2023 and of ils
in¢0￿1ng resources and application of L'esources, including its in¢oine and expendilure. for tlie yeai. theii
Iiaw beèTr properly prcp4rcd in a¢¢ordon¢o wilh Unlicd l<inEdorn Generlllly Arxoptcd Accoiinilfi8
Pra¢tice, iiicluding Finaiicial Reportiiig blaiidai'd 102 '1'lio E4iiiaiicial Repoi'tiiis Standard applicablc iii tl?e
UK <ind Republ ic of Ireland aiid
have been pt'epai'ed in accurdance witli the requiremeiits of thc Companies Act 2006.
Bas15 for q)pliiloii
We conduLl¢d our aiidit iii accoi'daiice with Internatioi)al Staiidards oli Auditing (UK) (ISAS (UK)) and
applI￿￿kn l&%v. Our r¢sponsibililiéS und¢r tlios¢ sla11d&rOs ar@,. I￿rIher d¢sFrikn¢d in tlie Aiidit¢tg
responsibililies foi. tho audit of th¢ fii)aiici41 slatemeiiis section of our repvrl. We are iiidepLiidenl ol- tlie
charilable compaiiy iii accordance witli tlie etl)ical rciiuir¢inents that uiE I'elevant to our audit of tlie financial
Jlaleme#L8 In th¢ UK. IiicludlnE Ihe FRC'S T.Ithi&i1 S'landircL xnd w¢ liavè fiiifillcd our othèr ethi¢81
resi)oiisibililic5 in a¢Lordan¢e willi Ihese requiremeii15. We ￿lIeve tki&t ihe audil ¢videiic¢ we have obtuinpd
is sutriLienl anii appi'opi'iatc to provide a basis tor oui. opiiiion.
Conclusiops relmting to goillg concern
In aiiditin8 thc finai)ci(Ll slatemenls, we have ¢oncluded thai ihe tru$lees' use of ili¢ going con¢ei'n ba515 or
accounting ill the pi'eparatioii of the fiiianLial stateinents 18 appropi'iate.
as¢d on tlie work wo lir4Yc pgrfof In¢d, wè hav• noi id¢nlifiod ony IniteriLI Y￿￿rf8111b1fes relalln8 lo ¢venl8 or
coiidilions th&t, individually oi. collectiv¢ly, may Cast sigi)ificant doubl on the charitable conipaiiy'5 abilily to
conliiiue as a going concern foi. a period of at least twelve Inontlis fiY)m wl)en the financial stateineiits are
Autliorised for iSSLIe.
Oiir respoiisibilities aiid tlie responsibilities of the trustees witli i'especl lo going coiicei'ii al'e described in tlie
i'elovant sections of tliis roport.
Other inforDIAtion
Tl)e Iruslees ai'o I'esponsible for tlie other infor]Dation. The other inforn4tion comprises il)e informaiioii
included iii tlie Anniial Report, otliei. tl)an the fiiiancial stateinents and oiir REport of tlie Iiidependent
ALidilors thereon.
Oui. opiiiion 011 tlie finaiicial slateinents does not Covei. tli¢ other iiifoi'ination and, except to the exteiit
otliewise explicitly staled in our I'eport, we do iiot express &ny foi"m of assuraii¢e coiiclusion thei'eoii.
In conn¢¢ilon )vltli our audli of thp fittHnaiil statemenrs, our respoiisibilty i& to read tliQ Otlier Snforn)4tion
and, in doing so, con5id¢r wli¢ther the otlicr inforination is materially inconsistent with the financial
stateiiienls oi. our knowledge obtaiiied in tlie aiidit or otherwise appears to be materially Inisslated. If we
Id¢nlily such mot¢riol IneonsislortLI￿ or apptreni wlerial nils51alemei)Is, wo af¢ r¢qUi￿d to det¢miino
wIKther this givcs ri3¢ 10 a nialerial Inisstntemeiit In ihe finwiclal Staleme￿ts IlienLs¢lves. Ir, bas¢d on (he
work we have pei'foi'med. we coiicludc Il)at tlierc is a material Ini58lAl¢inofit of (his oth¥r informalion. we aré
requii'ed to report that fact. We liave notliing lo report iii this regard.

nd¢
ood
u¢lilors to t
ec
our
Opinions on otber matters prescribed by the Companies Act 2006
In our opinion, based oli tlic work unQertakeii in the oourse of the audit:
tlie information giveii in tlie Repoi't of the Trustees for the financial yegr for which ¢lie finaiicial
statements are prepared is copsistént witli ilie finan¢ial slat¢illents; aiid
the Repoi'l of the Trustees h48 beeli prepared in ac¢ordanco witli applicab18 legal requireJDents.
Matteri (ID whieh we are required to repvrt by exception
In th¢ l ight of the knowledge and undeIstanding of the charitable. company and its ei)yiroiiment obtained in
the ￿ul'se of the audit, w¢ have not identified materiaj misstateinents io the Report ot the Trustees.
We Iiave nothins to report in respect ot tlie following matters wliere the Coinpai)ies Act 2006 reqiiires lis to
report lo you if, in our opinion.,
adequate accoLlPting i'e¢ords havl not been kept or returns adequale for ouj. aiidit have not been received
from branch¢s nvt visited by us. oi.
the fiii&ncial sl'atemeiits al'e not iii agi'eeineiit with the accounting I'ecords and returns. or
certtain disclosui'cs of ti'ustees, reiiiunei'ation specified by law are iiot In8de' or
we have not received all the iiiformatioii and explanation5 we require fur oui. audit,
Re.1￿￿11bIIlfltS of Irustees
As exi)lainLd more fully in the Stateincnl of 'frusi¢es' Re5ponsibilitie5. the Irustees (who 8re also the
direcLors urilva ¢liiritablp company for IIK purpo4c8.of wmp4ny law) oro rcsix)nsibl¢ for tho preparation of
Ihe financial ststements and for being salisfied Ihat they give A true and fair view. Riid foi. such internHI
conli'ol as tlie ts'ustees detei'inine is neleSs￿'Y to enable tlie pi'epai'ation of finuiioi81 slaleineiits Iliat dl'¢ fl'ee
froni Inal#ri81 niisstalein¢nt, whetjici. due to fraud oi. error.
In w¢plliing tlle finaiiLial stal¢inenls, the triistees respK)nsiblg for AssessIll￿ Ilir charitable Company's
Abllity io conlinu¢ AJ a ¥oinE concern, dis¢10SillE. nppll¢oble, mhll¢r5 rel&tcd to &Qing Lijnici'n 8nd usin8
tlic going concerii basis of accoLintiiig uiiless tlie trustees eitliei. intend to liquidat¢ Ihe charitable coinpany or
to ceose operatioiis, or liave iio I'ealisti¢ altei'native but to do so.
io

udtlows lo the
d Members.
Ilbourb￿lI Sutr
Qur respDnsibilitjes for the audit of the financial st8tement5
Qur objectives are to obtain r$asonablc assui'aii¢¢ abolit whotli¢i' tlie fiiiancial Slateineiits as a wl)ole are fl'ee
from Inat¢rial JDiSStateinent, wb¢thei' diio to fraud or error, and to issue a Report of Ilie Iiidttpei)dei)t Audilors
tlwl iRcl￿1¢S ow. opknion, R¢&yoikttblo ￿U￿r¢.4$ 4 higli l¢vel of awiranc4' biit is llot B Euthntcc thut um"
aLidil ¢oii(lu¢ted in accoi'dance with JSAS (VK) wil l always dLtect a IDalei'ial misstLtleiiient when it exists.
M isslat¢tpents can arise froin fi'aud or error and are considered material if, individiially or in the aggregate
they could reasonably be expected to influeiice tlie econorllic decisions of usei's taken oli the ba,sis of theso
riiignciAI statemeiits.
The eiteiit to which our procedures al'e Lapabl¢ of deteotiiig irregu14riti¢s, incliiding fraiid is delailed below:
lffe8wlaritle4 lll¢ludinB fTau(L ar¢ Ins￿Ic￿ vf IKm-¢onipllanc¢ wlth l&ws and YoÈulalions, WO de15gn
oc¢durr5 itt li1* wlth our r¢spoThsihjlttl￿, outlln¢d above, to doieGI Th￿l¢r481 n)i5slal¥iiKn15 In respccl of
in'e¥uliirilic5, iii¢ludin8 fi'aud. Tl)¥ LxieAiI to wliicli our proceduK5 are ¢apAI)le ()f d¢teclinL iiregularili¢5,
includiiig fi'aud is detuiled below,.
Based on our under51andiiiB of the co1￿panY und indu.slry, we idenilfied the pi'incipal risky of
noii-compli8nce wilh18w$ And r¢gul&tion5 Ihose Ilial liave a dir¢Gt imp8ci oli lh¢ dcleriDlnalion of iiiaterial
ainoulits and disclosiii'es in the financial stateinent8.
We 6valuat¥d Inanagemeiil's iiicentives and opportuiiities for fi'audulent Inanipiilation of the finaiicial
Sluleineiils and deteriiiThed tli8t th¢. ptill'olp45 risks tgliiod to revel1￿¢ i'eGognilioii. We coinm(tnI¢aied tlie
identified laws and regiilalions tliroughout Ihe audit tLam aiid remained alei'l to aiiy indicatioi)s of
non-conipliaii¢e througlioiit tl)e uudit. Audit procediires perforined included, but were iiot liinited to:
Discussions witli Inanag¢in¥iit iiicludiiig coiisideratioii of known or 5uspecled instances of
noii-coinplian¢e witli laws aiid regiildlioii and fraud.
Reviewing tlie fii)aiicial stateinent dis¢losui'es and testing to 5UPPOlting docu]￿entation.
Rcvieiy of boai'd meeting Ininutes of tliose Charged with govei'nai)ce'
In addressiiig Ilie iisk of fraud thi'ougli Inaiiagemeiit ovei'jde of controls, testing t11e Appi'opriateiiess of
journ81 entries uT]d otlier adjustments.
A8 w4rt of an avdit in accordanc¢ wilh ISAS (UK), we exer¢ise piofe55ion81 judgment and maintain
profe55ioiial scepticisin tlii'oughout tli8 audil. We also:.
Idontify Jnd gssess t￿ 115ks of m&lerlal 17?1$5talerneiil of the finAnoial Mai¢in¢nty, wlrtlw duo io fraud Of
errol, dcslsn and portom lludil Pfocedurex i#$i)onsive tu Ili(iJe risk& and oblAlii audil evldenGe Ihgt
iufficivnl and appropfl&t¢ to provlde a basls for our oplnlon. 'lTh¢ rhk of iiot dotoctlns a Inlthrlyl
misslatcmenl r¢5ulting from fraiid is higher than for one resultiiig from error, as fraud may involvc ¢ollusion,
forgery, inientional omissions, rniSiPPT¢5cnl2lion4 or the override of internal control.
Obtaiii ali understaiiding of internal conti'ol relevaiit to the audit in order to design audit procedures Ihal are
appropi'iate in tlie Circumstances, but not for tlie piirpose of expressing an opiiiion oil the effe¢tiveiiess of tlie
chai'ities intcrnal control.
Evaluate the appropi'iat¢iiess of accoiii)tiiig policies used aiid the rEason&bleness of accoui)tiiig estimates aiid
related disclosui'e.s Inad¢ by the trustees.
Pcrfortn aiialyiical procedurL&S to ideiitify any UliLisual oi. uiiexpected i'elatioi)ship5 tliat Inay indicate I'isks of
materjal In i55talement due to fi'aud or errol..

IIT'I Ipf Ilie lllde
end ntAllditors to tlie T
iotsd Nui'e Slart Ilrii
Coiiclude on the appropriateness of the trustees, use of the going ooncern basis of accountiDg and based on
tbe aud il evidence obtaiiied. whether a Inaterial uL)certaiiity exists relat¢d to events or ¢oiiditions that may
¢•8t $i8nin¢4nt doubt on chiritics abilily lo conlinue Ds n goinB con¢¢m, If w¢ ¢on¢lud¢ thTht a materlll
unooityinty. exists, IV*3,are r6qulr¢d to drllw lltlenlioh 'ln OYT auditols report. lo thF IEl8led dNtst0511tep i.ll. the
financial statements or, if such dif Qlosui'es are inad¢quate, to modify our opiiiioii, Our con¢lusion5 are ba5e<l
on the audit evidence obtained up to the date of our auditor's i'eporl, However, future eyeiits oi. conditioiis
may caus¢ the Qhai'ity to eease to continue as a going concvrn.
EvaluAte th¢ ov¢rall presentatlQD, structure, and content of the findncial statL>ments, including the disclosures
14 wlieilier the finaiicial statcments I'epreseiit the uiidei'lying tl'4ns4clions aiid eveiils in a IDaiineJ' tlial
acliiLves fair preseiitation.
We wn)illiini¢at¢ witli Iliose Charge with 8ovcI'naiice regllrdin& ainonx olhcr In411eis, Ihe planned scope und
liining of the &tsdit aiid significwit audit findiiigs, including si¥nifiunl defici¢iicies iii iniei'nal Lunlrol tlial
w¢ idcntily durins our aiidit.
A furth¢1 de¥cTSPtioJ) of our i'¢spoiisibililiey for ilic iudil of the fin8ncial slulements is localed on il)e
Fiiianc ial Reporting Council's website at www.frc.org,uklauditoi'sr¢sponsibililies. 'fhis description forms
part of oiir Report of tlie Independ¢iit Auditors,
Tlils r¢p.ort15 rnade solbly lo Ilia Charitabl￿ ooiiiptsny'% Ilklhlb¢rs,.8s a budy, In Keordance willi Chipt¢r 8 nf
Part16 ut. the Ci)nip4nies Acl 2006.. Oiii. Iiiidjl iiiork jills bc¢ii unde￿ik￿￿ so Ilial.w# mlght stAle lo the
¢liwliAble conip42nls iiiembL>r& Uioy# 1118lter5 we r¢quir¢d lo $tJl¢ lo Ihcm Iii gD. audiiofk+' r¢iJOrt uttd for 110
Ollier purpose. 'I'o Ihe tbllest extenl pemlii¢d by laiv, we do iiot accepl or ￿5vIll¢ r￿pOlI$1b1lity to attyone
Olli¢r tha
th• ¢l?irilabl¢ ¢oiiipwiy aml Ilie cl)drilnbhJ oompjny'i nKinlws nff a body, for our audit wts￿ for
thls np
or for lh¢ opinioiis we liiaye fpi iiied.
Bllly
Senior ￿lIlitOrY Aiiditoi.)
foi. and 01)
ialf of Lyiin DrAke & Co Ltd
S￿(￿lorY Auditors
1st Flooi,
34 B.D Main Sli'eet
oir&
Co. Arjmagh
BT67 OLE
4 Septeiiiber 2023
12