Independent Auditor's Report Independent Auditor's Report to the Members of Inspire Wellbeing Opinion We have audited the financial statements of Inspire Wellbeing (the 'Parent charitable company'l and it5 subsidiaries I'the Group") for the year ended 31 March 2024 which comprise the Consolidated and charitable company statement of financial posltion, the Consolidated statement of financial activitie5 (incorporating the income and expenditure account), the Con501idated cash flow statement and the notes to the financial statements, including a summa ry of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fa ir view of the stale of ihe Group's & Parenl charitable company s affairs as al 31 Ma rch 2024 and ofthe Group's & Parent's incoming resources and application of resources, including the Group's & Parent's income and expenditure. for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the a udit of the financial statements seclion of our report. We are independent of the Group in accorda nce with the ethical requirements thal are relevant lo our audit of the financial statements in the UK, including the FRC'S Eth ical Standard, a nd we have fulfilled our other elhical responsibilities in accordance with these requirements. We believe Ihat Ihe audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditi ng the fina ncial statements. we have concluded thal the trustees. use of the going concern basis of accounting in the prepa ration of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group or Parent charita ble company 5 ability to continue as a going concern for a period of at least twelve months from when the financial statements a re authorised for iSSLie. OLJr responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report. other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information. Our opinion on the fina ncial slatements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In con nection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated_ If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact_ We have nothing to report in this regard. 36 Inspire Wellbeing Annual Report Year Ended 31 March 2024 Independent Auditor's Report Independent Auditor's Report to the Members of Inspire Wellbeing Continued Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit-. The information given in the Trustees, Report for the financial year for which the financial statements a re prepared is consistent wilh the financial slatements.. and The Directors, Report included within the Trustees. Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit, we have not identified material misstatements in the Tiustees. Report. We have nothing to report in respect ofthe following matters in relation to which the Companies 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 Parent charita ble company s financial statements are not in agreement with the accounting records and returns- or cerla in disclosures of Trustees. remuneralion specified by law are not made- or we have not received all the information and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees, Report and from the req uirement to prepare a strategic report. Responsibilities of Trustees As explai ned more fully in the Statement of Trustees. Responsibilities. the Trustees., who are also directors of Ihe Charily for purpose of company law. are responsible for Ihe preparation of Ihe financial slalemenls and for being satisfied Ih81 Ihey give a Irue and fair view. and for such inlernal conlrol as Ihe direclors delermine is necessary lo enable the preparalion of financial slalemenls Ihal are free from malerial misslatemenl. whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing ihe Group's and the Parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or Parent charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions ol 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 irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below. Inspire Wellbeing Annual Report Year Ended 31 Maich 2024 37 Independent Auditor's Report Independent Auditor's Report to the Members of Inspire Wellbeing Continued Extent to which the audit was considered capable of detecting irregularities. including fraud The objectives of our audit in respect of fraud. are" to identify and assess the risks of material misstatement of the financial statements dLJe to fraud," to obtain su￿1Clent appropiiate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks", and to respond appropiiately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the Group & Parent charitable company. The objectives of our audit in respect of fraud. are. to identify and assess the risks of material misstatement of the financial stalemenls due lo fraud,. to obtain sufficienl appropriate audit evidence regarding the assessed risks of material misstatement due to fraud. through designing and implementing appropriate responses to Ihose assessed risks., and to respond approprialely to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company. Based on our understanding of the Group & Parent charitable company and their operating environment, we determined ihat ihe mosl significant frameworks which have a direct impact on ihe preparation of the financial statements are those related to the reporting framework. IFRS 102, the Charities Act (Northern Ireland) 2008, The Charities IAccounts and Reports) Regulations {Northern Ireland) 2015. the Charity SORP and the Companies Act 20061 Additionally. we concluded that there are significani laws and regulations in relalion to the Group & Parent charitable company s charitable stalus and activities of which non-compliance may have a material effect on the fina ncial slatements. We a£sessed the susceptibility of the Parent charitable companrfs financial statements lo material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or influonce the reported results. From the resulis of our assessment, we determined that the principal risks of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed by the donor_ In common with all audits under ISAS IUKI. we are required to perform specific procedures to respond to the risk of management override. Audit response to risks identified As part of an audit in accordance with ISAS IUKI we exercise professional judgement and maintain professional scepticism throughout the audit. Audit procedures performed by the engagement team included.. We obtained an understanding of the Group's & Parent charitable company's internal control systems in order to design audit procedures that are appropriate in the circumstances. but not for the purposes of expressing an opinion on the effectiveness of the Group's & Parent charitable company s internal control. We obtained an understanding of how the Group & Parent charitable company complies with relevant laws and regulations, including those as a result of its registration with the Charity Commission for Northern Ireland and charitable status with HM Revenue & Customs, by making enquiries of management and those charged with governance_ Enquiry of management, those charged with governance and the entity's solicitors around actual and potential litigation and claims_ Enquiry of entity staff to identify any instances of non-compliance with laws and regulations. Perform ing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. Reviewing minutes of meetings of those charged with governance. Reviewing financial stalemenl disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Aud iting the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business. 38 Inspire Wellbeing Annual Report Year Ended 31 March 2024 Independent Auditor's Report Independent Auditor's Report to the Members of Inspire Wellbeing Continued Audit response to risks identified (continued) We communicated relevant laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non- compliance with laws and regulations is from the events and transactions reflected in the fina nci815tatements, the less likely we would become aware of it. Also. the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment through collusion. forgery. intentional omissions. misrepresentations or the override of internal control. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'./l www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the Parent charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regLJlations made under that Act. Our audit work has been undertaken so that we might state to the Parent charitable company s members those rnatters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Parent charitable company and it5 members as a body, for our audit work, for this report. or for the opinions we have formed. Dr R I Peters Gallagher OBE FCA (Senior Statutory Auditor) For and on behalf of Moore (N.I.I LLP Chartered Accountants Statutory Auditors 28 October 2024 7 Donegall SqLJare North 4th Floor Donegall House Belfast BT15GB Inspire Wellbeing Annual Report Year Ended 31 Maich 2024 39