WLST BELFAST PARTNERSHIP BOARD FtN4NCIAL STATEMEN FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDfTOR TO THE MEMBERS. Opinion We have audited the financial stafrments of West Belf&8t Partnership Board {the'cEMrity) for the year et]ded ) l March 202) which comprise the Statemerrt of Financial Aclivities, the Balar ShttL the Ststement of Cash Flows and the note5 to the financial statements, including a summary of significant accounting policies. The financial repx)rting framework that has been applied An their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 Thefinancial Reporling Standard applicable IA the UKandRepublic ofIrelaAd (United Kingdom Generally Ac¢epted Accounting Practice). In our opinion. the financial statements: give a true and fair view of the state of the ¢haTitable C1panYS affairs as at 31 March 202i and of its incoming resour and applicatton of reSoUrs. including its inrne and expenditure for the year then ende¢. have been properly prepared in accordance WAth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janauary 2015) - (Charities SORP (FRS102)), the Financial Reporhng Stsndard applicable in the UK and Republic of Ireland (FRS 102)" have en prepared in accordate with the requirements of the Companies Act 21XI6. Bas for opinio We conducted our audit in accord8n(% with International Stsndards on Aliting (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standard5 are fijrther described in the Auditorfs respon5ibilitie5 for the audit ofthe aKounts section of our report. We are independent of the charity in accordance with the ethica] requirements that are relevant to our audit of the accounts in the UK, including the FRCS Ethical Standrf and we have fijlfilled our other ethical responsibilities in accordance with these requirements. We klieve that the audit evidence we have obtsined is Sufficient and appropriateto provide a b&sis for our opiniotL Conclusions relating to going eoncern We have nothing to report in respect of the folloviin8 matters in relation to which the ISAS (UK) require us to report to you where: the tnjstees, use of the going concern basi5 of accounting itL the preparation of the fmancial statements is not appropriate. or the truste&s have not disclosed in the financial statements any identifd material uncertainties that may cast 5isnificant doubt about the charitys abilty to continue to adopt the going concern basis of accounting for a period af at twelve nK)nths frnm the date when the fmanci81 stalements are authorlsed for issue. Other inforniation The other infornialion comprises the iaforniation included in the annual rep)rL other thall the fjnancial statements and our auditovs report thereon. The trustees are re5F4)nsible for the other inforntion. Our opinion oll the financial st2tements d not Coyer the other infornlation except to the extent other+vise explicitly stated in our repor¢ we do not express any forni of Urance conclusion thereon. In connection wlth our audit of the finaocial 5taternent4 our responsibility is to read the other inforniation and, in doing so. consider whether the other inforniation is materially inconsistent with the financial ststernents or our knowledge obtained in the audit or otherwise appea to be materially misstated If we identify such nMteTial inconsistencies or app&rent material misstatements, we are reqUId to deterniine wbether there i5 a material mi5Stateffjent in the financtal statements or a material misstatement of the other infomiation. If, b&ed on the work we have perfornie we conclude that there is a material misstatement of this other inforn)alion. we are required to rep)rt that facL We have nothing to report in this regar Page 9
WEST BELFAST PARTNERSHIP BOARD FINANCIAL STATEMEP415 FOR THE YEAR ENDED 31ST MARCH 21123 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters oll Ivhich we are req•ired to report by ei¢¢ption In the light of the knowledge and undetstsnding of the Tnthes and its environrnent obtsined in the coutse of the audik we have not identified material rni&Wements in the Tntee5, Report. We have nothing to report in respect of the following matt¢rs ID rciation th which the Companies Act 2006 requires us to report to you if, in our opinion: sufficient accounting records have not been kep¢ or the fmancial statements are not in agreement with the accounting rec[d. or certain disclosures of trtLStee5' remunerdtion specified by law are not made; or we have not received all the infomlation and explanattons we wire for our audiL ResponsAblliti&s of trustees As explained more f(Y tn the Statement of Ttees, Resportsibilities, the trustees, who are also the direorS of the charity for the purpose of cornpany law, are Tesponsilyl¢ for the preparation of the financial statemeDts and for being satisfied tlLat they give a true and fair view, and for such inten1 control &8 the ditectors deternine i8 necessary to enable the prepaTation of fmancial statements that arc free from material rnisststemenL whetir duelo fraud or etror. In preparing the 6nancial staternents, the trustees resnsIble for assessing the charitys &bility to continue as a going concern, disclosing, a5 applicable. matters related to going concern and using the going concern basts of accounting unles5 the trustees either intend to liquidate the company to cease operalion4 or have no realistic alternative but to do so. Auditor'$ re5PODsibAlities for the audit of the fjnancial $tat¢m¢nts Our objectives are to obtatn reagNwble assuraucc about whether the fmanctal statemellts as a whole are free from material misstatemenL whether due to fraud (Y error, and to issue an auditovs rert that includes our opinion. Reasonable assurance is a high level of a5sufdnce. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will ahvays detect a rnaterial misstatement when it exists. Misstatements can arise from fraud or error and are considered matfflial if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on thG basis of these financial statements. Irregularities, including frau arc instsnces olnon-MP1lance wilb laws and regulations. We design prncedures in line wilh our responsibilities, outlined above, to detect materia] misstatements in respect of iegUlar1ti¢5, including frdud. The extent to which our procedures aTr capable of detecting irregulartties. including fraud, 15 detailed below. Explanation as to what extellt th¢ audit was considered eapble of det¢¢ting irregularities, IneludiDg fraud The objeaives of our audÈt Èn resErct of fr&ll are to identify and assess the risks of material misslatement of the financRal statements due to fraud; to obtain 5uITicient appropriate audit evidence regarding the 85sessed risk5 ofmateriai misstatement due to fraud, through designing and implementing appropriate respoj$ to those asse&sed risks. 2nd to respond appropriately to instan¢es of frdud or suspected fraud identified during the audiL However. the priDWy responsibility for the PTev¢nlion and detection of fraud rests with both management and those charged with governance of the Charity. Our approach was as follo W¢ obtained an understanding of the legal and regulatory requirements applicable to thc charity and considered that the most Si8nificant are the Companie5 Act 2006 and the Financial Reporting Standard applicable in the UK and Republi¢ of treland (FRS 102) (effective l Jatwry 2015) - (Cbarities SORP (FRS 102). Enquiry of managemenl those charged with governance and the elltitys solt¢itors around actual and potential litigation and clain. Enquiry of entity Staff in compliance funrtions to identify any iostances of any non-wmpliance with laws and regulations. Reviewing fancial Statement disclosures and testing to Wwting docuEnentatiOll to assess compliance with applicable laws and resulations. Page IQ