Greater Shankill Partnership Company Limited by Guarantee Independent Auditorfs Report to the Members of Greater Shankill Partnership Year ended 31 March 2023 Opinion We have audited the financial statements of Greater Shankill Partnership (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position. statement of cash flo and the related notes, including a summary of signrficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Unrted Kingdom GeneraSly Accepted Accounb"ng Practice). In our opinion the finanGial statemerrts- gNe a true and fair view of the state of the charty's affairs as at 31 March 2023 and of its incoming resourGes and appliGation of resources, including its income and expenditure, for the year then ended., have been properly prepared in aordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wrth International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical 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. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial ststements 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 charity's ability to continue as a going concern for a period of at least twelve months frotn when the finanGial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report.
Greater Shankill Partnership Company Limited by Guarantee Independent Auditor's Report to the Members of Greater Shankill Partnership (contlnued) Year ended 31 March 2023 Other information The other infomiation comprises the infomiation included in the annual report. other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other infomiation. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report. we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibilty 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 otheiSe appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemine whether there is a material misstatement in the financial statements or a malerial misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other infonnation, 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 undertaken in the course of the audit.. the infortnatloll given in Ihe Iiuste¢s' iepoil for Ilie finaiicial year for whiGh the finanGial statements are prepared is consistent with the financial statements: and 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 charty and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf. in our opinion= adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agrrnent with the accounting records and retums., or certain disclosures of trustees, remuneration speCled by law are not made. or we have not received all the information and explanations we require for our audtt.
Greater Shankill Partnership Company Limited by Guarantee Independent Auditorfs Report to the Members of Greater Shankill Partnership (continued) Year ended 31 March 2023 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees {who are also the directors for the purposes of company law) are responsible for the preparation of the financial Statements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the twstees are responsible for assessing the charty's ability to continue as a going concern. disclosing. as applicable. matters related to going concem and Lising the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic aernatIVe but to do so. 10
Greater Shankill Partnership Company Limited by Guarantee Independent Auditor's Report to the Members of Greater Shankill Partnership (continued) Year ended 31 March 2023 Auditor's responsibilities for the audit of the financial statements Our objectives 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 auditorfs 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 (UK) will always detect a material misstatèment 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 of users taken on the besis of thcsc financial statements. Irregularities, including fraud. are instances of nonkncompliance with lav 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 Capab of detecting irregularities, including fraud is detailed below= In identifying and assessing risks of material misstatement in respect of irregularrties. including fraud and non-compliance with laws and regulations. we considered the following: •the nature of the industry and sector, control environment and business performance including the design of the remuneration policies. key drivers for directors, remuneration, bonus levels and performance targets., results of our enquiries of management about their own identification and assessment of the risks of irregularities; any matters we identrfied having obtained and reviewed documentation of their policies and procedures relating to- identifying. evaluating and complying wrth laws and regulations and whether management were aware of any instances of nonwcompliance., detecting and responding to the risks of fraud and whether management have knowledge of any actual. suspecled or alleged fraud- the internal controls established to mitigate risks of fraud or non<ompliance with laws and regulations. the matters discussed among the audit engagement team including significant component audit teams and relevant internal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures. V considered the opportunities and incentives that may exist within the organisation for fraud and identffjied the greatest potential for fraud. In common with all audits under ISAS (UK). we are also required to perform specific prcKedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance with the UK Companies Act and L8x legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance wilh which may be fundamental for their abilty to operate or to avoid a material penalty. 11
Greater Shankill Partnership Company Limited by Guarantee Independent Auditor's Report to the Members of Greater Shankill Partnership (conlinued) Year ended 31 March 2023 As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audtt. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting e3tim8tes and related di3Glosure¥ made by the tru3tee3. Conclude on the appropriateness 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 condrtions that may cast significant doubt on the charity's abilty to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorfs rèport to the relatod disclosures in tho financial statamants or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charity to cease to continue as a going concem. Evaluate the overall presentation. structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transadions and events in a manner that achieves fair presentstion. 12
Greater Shankill Partnership Company Limited by Guarantee Independent Auditorfs Report to the Members of Greater Shankill Partnership (continued) Year ended 31 March 2023 We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in intemal control that we identify during our audit. Use of our report This report is made solely to the charity's members. as a bojy, in accordance wtth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charty's members thoso matters w8 are r8quir8d to statg to thom in an audrf(orfs 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 charty and the charity's members as a body, for our audit work, for Ihis report. or for the opinions we have formed. Conor Dolan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered aGcouritants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 10 October 2023 13