C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUARANTEEI
FINANCIAL STA TEMENT5
THE.Y.EAR ÉND
H20
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF C03 CHIEF OFFICERS THIRD
SECTOR
Opinion
IAÈ have audiled the fiftan¢ial statements of C03 Chief Officers Third Sector (the 'charty'l and its
subsidiary (the 'group') for the year erKled 31 March 2024 which comprise the group statement of
financial activities, the group tIalan￿ sheet. the group statement of cash flows and the notes to the
financial statements, including significant accounting policies The financial reporting framework that
has been applied in their preparation is applTrcable law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accountsng Pracb'ce).
In our opinion the finana81 staternents..
give a true and fair view of the state of the group's arml the parent charitable company's affairs
as at 31 March 2024 and of its incoming resources arrfl re%yJrces expended in the period then
ended..
have been propety prepared in accordance wrth United Kingdom Generally Acceptèd
Accounting Practice,. and
have been prepared in accordan￿ with Ihe ￿UIrementS of the C(xnpanies Act 2006
Basls for opinion
We conducted our audit in accordance with Intemat￿naI Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under ttK)se standards are further described in the Auditor's
responsibilities for the audit of the xcounts secknon of our reporL We are independent of the company
in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our other ethTrcal responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
Concluslons relating to going concorn
In audits.ng the financial statements, we have conclu¢Yed that the Trustees, use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identsf￿d any material uncertainties relating to
events or conditions that, individually or collectively. may cast significant doubt on the charity's ability
tocontinue as a going ¢oncem for a period of at least tWe￿e months frorn when the financial ststements
are authorised foT issue.
Our ￿sE￿)nsIbIlItieS and the responsibilits'es of the Trustees vrith respect to going concem are described
in the relevant sections of this rep(Nt.
Other Information
The other information comprises the infomiation included in the annual report other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other information
contained within the annual report. Our opinion on the fi'nancial statements does not cover the other
information and we do not express any fom of assurance conclusion thereon. Our responsibility is to
read the other information and, in doing so. ￿nSKIef whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit. or
otherwise appears to be matenally misstated. If we identify such material inconsistencies or apparent
material misstatements. we are required to determine whether this gNes rise to a material misstatement
in the financial statements themselves. If. based on the work we have perfom7ed. we conclude that
there is a material misststement of this other informatKJn. we are required to report that fact.
We have nothing to report in this regard.
13

C03 CHIEF OFFICERS THIRD SECTOR
IA COMPANY LIMITED BY GUAFIANTEE)
FINANCIAL STATEIAENTS
OR THE YEAR ENDE
RC
INDEPENDENT AUDrroRS' REPORT TO THE MEPIIBERS OF C03 CHIEF OFFICERS THIRD
SECTOR ICONTINUEDI
Oplnions on other matters presuibed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of our audit..
the informats'on given in the Difectors. Report. wh￿h includes the Directors, Report and the
strategic Report p￿Pared for the purposes of coryany law. for the financial year for whth the
accounts are prepared is consistent with the accounts,. 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
We have nothing to report in respect of the following matters in relation to vkich the Charities (Accounts and
Reports) Re￿lationS 2008 require us to rewt to you rf. in our opinim.
the infomatK)n given in the financial stateffents is inconsistent in any material respect with the
Trustees, report. or
suffiuent acc>untyng records have not been kep( or
certain disclosures of trustees. remuneration specified by law are nol made: or
we have not received all the informats'on and explanations require for our a￿lit.
Responsibilftles of dlrectors
As explained rnore fully in the staterrent of Di￿10r5, responsibilities, the Directors, who are also the
directors of Ihe charity for the purpose of company law, are reswnsibk for the preparab'on of the
financial statements and for being satisfied that they give a true and fair view, and for such intemal
control as the Directors determine is necessary to enable the preparation of financial statements thal
are free from material misstatement whether due to fraud Of error.
In preparing lh8 financial statements. the Directors are ￿sponsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related trj going concem and using the
going concern basis of accounting unless the Directors either intend to liquidate the charitable company
or to cease operah'ons, or have no realistic attematrve but to do so.
Audbtor's responsibilities for the audit of the finaneial statements
Our objectives are to obtain reasonable assufance about whether the financial statements as a whole
are free from material misststement. whether due to fraud or error. and to issue an auditorfs report that
includes our opinion. Reasonable assuran￿ is a high level of assurance but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will a￿VaYS detect a material misstatement when it exists.
Misstatements can arise from fra￿1 or error and are considered material rf, individually or in the
aggregate, they could reasonably be expetsd to Influen￿ the economic decisions of users taken on
the basis of these financial statements.
Our approach to identifying and assessing the risks of material misstateffÉnt in respect of irregularities,
including fraud and non<ompliance with laKs and regulations. was as follows".
the engagement partner ensured that Ihe engagement team collectively had the appropriate
competence. capabilities and skills to identrfy or recognise nOn-¢￿pl1an￿ with applicable laws
and regulations-
we identified the laws and regulats'ons applicable to the company through discussions with
directors andlor senior management. and from our commercial knowledge and experience of
the sector.
We focused on Speci￿ laws and regulations which we considered may have a direct material effect on
the financial statenknts or the operations of the company. including Companies Act 2006. taxation
legislation. data protection. anti-bribery. employment environmental and health and safety legislation
we assessed Ihe extent of Complian￿ with the laws and regulations identified above through
making enquiries of management and inspecting legal correspondence, and
identified laws and regulations were communicated within the audtt team regularly and the team
remained alert to instances of non<ompliance throughout Ihe audit.
14

C03 CHIEF OFFICERS THIRD SECTOR
(A COIAPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
DÉD3
MARC
2024
INDEPENDENT AUOITORS. REPORT TO THE MEMBERS OF C03 CHIEF OFFICERS THIRD
SECTOR (CONTINUED)
INe assessed the susceptibility of the company's financial statements to material misstatement,
including obtaining an understsnding of how fraud might ttcur, ty:
making enquiries of management as to where they conS￿ered the￿ was suscepkn'bility to fraud,
their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and nonLcompliance with
laws and regulath'ons.
To address the risk of fraud through management ￿'aS and override of controls, we..
performed anatytical Pro￿dureS to identfy any unusual or unexpected relationships;
tested journal entrie5 to identify unusual transactions..
assessed whetherjudgements and assumptions made in deterniining the accounting estimates
set out in Note 2 were indicatr've of potential bias: and
invesb"gated the rationale behind significant or unusual transactions.
In response to Ihe ￿k of irregularities and non-¢¢ynpllan￿ wth laws and regulations. we designed
procedures which included. but were not limited to:
agreeing financial statement disclosures to undeflying supporting documentats'on:
reading the minutes of meetings of Ihose charged with govemance.,
enquiring of management as to actual and potents'al litigation and claims- and
reviewing correspondence wrth HMRC and the company's legal advisors.
There are inherent limitations in our audil yocedures described above. The more remved that laws
and regulations are from financial transactions, the less likety it is that we would become aware of non-
compliance. Auditing standards also limit the audit procedures required to identify non-compliance with
laws and regulations to enquiry of the directors and other management and the inspection of regulatory
and legal correspondence, rf any.
Material misstatements that arise due to fraud can be harder to detect than th¢)se that arise from error
as they may involve deliberate concealment or collusion.
Use of our report
Thrs report is made solety to the charitable company's members, as a body. in aco)rdance with Chapter
3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to
Ihe parent charitable company's members those matters we are required to state to them in an auditorfs
report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume
responsibility io anyone other than the company and the charitable company's rrembers as a b¢)dy, for
our audit work. for this report. or for the opinions we have formed.
Angela
raigan FCA (Senlor Statutory Auditor)
For and on behalf of Harblnson Mulholland.
Chartered Accountants and Statutory Auditors
Centrepoint
24 Omieau Avenue
Belfast
BT2 8HS
Date
23 {.10 l.a(t
Harbinson Mulholland is eligible for appointment as auditor of the charity by virtue of its eligibilty for
appointment as audrtor of a company under of SeCt￿n 1212 of the Companies Act 2006.