BEAT CARNIVAL INDEPENDENT AUDITOR'S REPORT TO THE TRU8TEE8 OF BEAT CARNIVAL Oplnlon We have audited the financial statements of Beat CamNal Ilhe 'charity') lor IhE ye8r Mdgd 31 March 2024 vthlch ompri$e th¢ Statement of fin3ncial activiti¢8, the b81ance sheet, the statement of cash llows and notes lo the financlal slalemenl8, Indudlng slgnlflcanl accounllng polldes. Thè financlal reporting framework Ihat has been applled In Ihelr prep8rallon Is èppllcable 18w and United Kingdom Accounting Standards, induding Fln8n¥lal Reportlng Standard 102 Th8 Financial Reporting Standard appllcable In the UK and Republic ol Irel8nd Iunlted Klngdom Gen8rally A¢cepted Accounling PracUc81. In our oplnion, the finandal slatemenl8'. glve o true and fair vlew of the state of the tharily's affairi a¥ at 31 M8rGh 2024 and of Its incoming regource$ and application of resource8, for the year Ihen ended.. have been properly prepared in a¢¢ord8nce vAlh Unlted Klngdom Gener8lly A¢cepted A¢¢ountlng Practic•', and have been prepafed In atrdance wlth the requlrements of th8 CharillJ$ Act INI) 2008. Basls for oplnion We conducted our audll In 8ccord8nce wllh Inlernalional Slandard6 on Auditing (UK) {ISAs (UK)) and gpplic8ble law, Our responsibilities under IhoGe stondard5 are further ¢Je8crib8d In thg Audltorfs responslbililie3 for the 8udlt ol the fin8ncial st8t8monls sedion of our r¢porL We are Independent of the ch3rlly In 8ccord8nce wlth the eihical requlremenls thal are relevAnl to our 8udlt of the flnanc181 61atemenl8 in the UK. including the FRC'S Eihical Standard, and we have fijifilled our other elhlcal re5ponslbS1ilies in accordance wllh th85& requirements. We belleve thal the audit ovidenee we hov¢ obtained is suific54ynt and approprtate to provldg a basls lor our oplnlon, Conclu¥lon8 relaung to golng concern We have nothing lo report in respect of th• followng matters in rel81ion to which the ISA¥ (UK) require us to report lo you were: Ihe directors, u68 of the going concern b8818 of occounllng In the preparallon of the fln8ncl81 Btatements Is not appropriate,, or the directors h8ve not dlgclo8ed In the financlal statement5 any idintlfled materlol uncortaintles Ihal may C881 slgnlflcanl doubt about Ihe group'$ or Ihe paTent company's ability to ¢untlnu8 to adopl th8 golng Goncern basis of accounting for a perlod of at least e1ve months fiom thè datè whèn the financial $talements are auihorlsed for l$$ue. Other Informatlon The other information compri808 the information Included In the annual report cther Ihan the financlal slalem8nls and our auditQf'S report thereon. The trustees are re3ponslble for the other information coniained within tha annual report. Our oplnlon on the flnancl81 statement8 doe5 not cover the olhor inlornallon and we do not 0Xp$S any fami of assurance conclusion theieon, Our respon5iblllty Is to read the other Informailon and, In dolng Bo, conslder whether the other Information 14 materlally Inconslstènt wlth the financial 8tatement8 or our knowledge obtained in the COUTSe of the 8udlt. or olheThvlse appears to be materially mis8lat8d. If we Identify Such mater181 Inconslslencles or apparent material misstatam8nts. we are requlf8d to detennlne whether thls glves rlse to a material mi651alernent in the financial statements themselves. If, based on the work we h8ve perfoirn?d, we condudo Ihat thBre io 4 material mlsslatement of Ihls other Infomiali(m, we are required lo roport Ihal f8d. We have nothlng to report in th15 ragard.
BEAT CARNIVAL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BEAT CARNIVAL Oplnlons on other matters prescrlb•d by tho Compinla8 Act 2006 In our opinion. based on the work undertaken In the ¢our8e of our audit.. the Informatlon glven In Ihe Iru8tee8' report for the financlal year for whlch Ihe financial $talements are prepared, which includeg Ihe dlrectors, report prepared for Ihe purpos¢¥ of company law. l¥ ¢ong131ent wlth the financial 8tatemenl6', and the directors, report inGluded wilhln Ihe Iwste¢s' report has bean prepared in accordan¢e wlth appllc4ble legal r8quiroment$, Matter9 on whlGh we #rè requlrèd to raport by •x¢•ptlon In the light of Ihe knowledge and und8rstandlng of the chadiy and 11$ environm8nt oblalned In the course DI the audit, we have not Identlffled matedal mlsBlatement8 In the dlreclor8' report included wilhln the Iru81oe6' report. We have nothing to report in respect of tho followlng matters In relation lo which Ihe Charliles (Ac¢ounls and Reporlsl R8gulalion5 2008 quITe us to report lo youll, In our oplnlon.. the inlormation glven In the tlnandal statements Is incon5islenl In any material r•$pect with the truslee8' report,. or suffiaent a¢eaunting reeords have not been kept,. or the financial statements are not In agreement wllh the accounllng records,. Dr we have not recelved 811 the Informatlon and explanalions we requiie for our 8udiL Re8pon8ibilili08 of tru8te•¥J A8 exp18ined more fully In the slalement of tmgtèÉG' responsibllltlas, the Iruslaes are responslble for the preparation of the fin8ncl81518ternent$ and fDr belng $alisfied that they give a true and falr vlew, and for such Internal control 88 the trustees detem)ine Is necessary to enable Iho preparatlon of flnancl81 statements that 8rÈ free from material mi$slalement, whether due to fraud or erfor. In preparlng the flnanclal stalemenls, the truste85 are respon8ible lor 883888ing the charity's ablllty to contlnue 85 a golng concem, disclosing. as applicable. Matters related to golng concern end usln9 the going concern basis Df accounting un18S8 the trustees either Intend to cease operatlons, or hgve no regli$tlc Alternative but lo do so. Audltorfg responslbllltles for the audlt of th• flnancial ¥tstsment8 Our oblectlves ar8 ta oblaln reasonable assurance about whalher the financial 8talementS 88 a whole are Iree from material MIsGlatement, whèlher due to fraud or error. and to iS8ue an audllols report that indudes our oplnion. Reasonable assurance is a high level of assurance but Is not a guar8ntee that an audlt conducted In aGrdance with ISA8 (UK) will alway$ detect a malerl81 mlsstatemenl when il exl$15. Misstotemenls can arise from fraud or eOr and are consldered materlal il, Individualty or in the aggre9alg, they could rga50nably be expected to Influencé the economic decisions of u58r$ taken on the basls of Ihese flnanclal slalements. A further des¢rlptlon of our responslbllllies Is avallable on the Financial Reporting Council'8 web8ile 8t.. htlps.'Il v.frc.org.uklaudltor8responslbililies. Thi8 descrsptson forms part of otsr audllo¢s ieport. 13-
BEAT CARNIVAL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BEAT CARNIVAL Our approach to Idenlfying and as$es$lng the risks of m¥tarial misst8temenl In respect of irregularlties, Including fraud and non-cornpllance wlih laws and regulallons, was 88 follows: the engagement Partner ensured that the engagoment leom collecttvely hod the Bpproprlate eompetence, c8p8bililie6 and 3kills to identify or rocognise non-compllance wllh Appllcable laws and fegulalions., W8 idenlified the18w$ and regulations appllcable to thè company Ihr¢)ugh discussions wlth director# andlor lenlor managemenl, and from our commercial knowledge and tsxperiencts of the sector,. We locused on specific laws and ragulatlon$ which w8 consldered may have a direct material effect on the financial slalements or tha op8ralion8 of the company. IncludlnG Companles Act 2008, laxalion legiBlation, data prcte¢tion, anll-brib?ry. employment, envlronmenlAI and health and safety legislation we assessed the extent of compllance with Ihe laws and regUlaOn6 Idenllfled above through maklng enquirie5 of management and In3peclSllg legal correspondence,. and id&ntifjed laws 8nd regulations were communic8led within the audit team regularly and the team M81ned alert io In6lance6 of non-complianc8 throughout the audit. We assessed the 5Usc8pliblllty of Ihe comp8ny'g Ilnancl81 slBlements to material mlsslalament, Includlng obtalnlng an understanding of how frAud might OGGur, by,, m8king enquiries of management as to where lttey con$ider•d th¢r* was susceptlbS1ity to Iraud, thelr knowledge of 8CtU81, suspected and alleged fraud; and con8iderlng the Internal controls In place to millgale rtsks of fraud and non.compllance with laws and regu18tlons', To addre$s tho rtsk of fraud through management bias and ov•rrid8 of ¢ontrol8, we.. performed analytical procedures to Idenllfy any unu&ual or unexpected Telationship$', tested journal enlfie8 to identify unusuol tran6aGtions- assessed wh•ther judgem8nls and assumptions mÈde In determlnlng ihe accountlng e5mat¥S Sèt out In Note 2 were indicativ8 of polenli81 bias- and investigated the rBts'on81e behlnd $19nifiGqnt or unusual tran6actlons', In response lo the risk of irregularities and non-ttompllance wlth 18ws and regulatlons, we de8igned ProdUreS whlch Included, but were not Ilmiltrd to= agreelng financlil slatemonl disc105ures to underlylng Jupportlng documentation., reeding the minutes of meeilngs of those charged with oovernance., enquiTing of rn¥nagement as lo actual and pol8nllal liligalion and claims,. and revlewlng corregpondencè with HMRC and Ihe company's Ipgal advisors., There are inherent lirnilalions In our audll procedures de8Cbed above, Th¢ more removed that Igws And regulation6 are from financlal Ir8ns8ciions, the le55 Ilkely it is that we would become aware Df non-complianc&. Audiling 8t8ndèrds also Ilmit the audit procedures required to idontify non-compliance with laws and regulation3 to enqulry of the dlreclors and other managem8nt and the Inspactlon of regulatory 8nd legal correspondence, If any. Malerfal misststements that 8rig8 due to fraud can be harder to delect than Iho$È that Arisa from error as th8y may involve dellberate concealmenl or collusion, 14
BEAT CARNIVAL INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF BEAT CARNIVAL Uyo of our r•port Thls r¢port is made ¥ololy lo the company'$ mgmbers, as a body. In occordanGe with Chapter 3 of Part 16 of the Comp8nles Acl 2006. Our audll work h8s been und8rtaken so Ihal w& mlghl stste to th8 ¢omp8ny'5 rnembers Iho8e matters wè are raqulred lo stata lo Iham In an audllor's reporl Ènd for no other purpose. To Ihe fullest extenl permitted by law, we do not ac¢epl or assume responslblllty to anyone other than the company and the company's mombers as a body. for our audil work, for Ihls r8POrt, or for tha oplnlons we have formed. An9ela Cralgan (Senlor Statutory Audlior) for and on behalf ot Harblnson Mulholland Charterod Ac¢ountants ststutory Audltor Centropolnl 24 OrmeauAvenue Belf8St Co, Antrlm Northem Ir81and BT2 8HS 0711012024 Hafblnson Mulholland Is ellglble for appolnlmenl as 8ud6tor of the chadly by vlrtue of Its ellglbllfty for appolntrnent 85 audltor of a company under sectlon 1212 of the Companlg5 Acl 2006. 15-