WOMEN IN BUSINESS NI LTD (A COMPANY UMITED BY GUARANTEE} FINANCIAL STATEMENrs TH_E YEAR ENnFn il UARf:H 2021 FO INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WOMEN IN BUSINESS NI LTD Opinion We have audited the financlal statements of Women in Business Nl Ltd (th8 'charity') and its subsidiary (the 'group') for the year ended 31 March 2023 which comprise the group statement of financlal activltles, the group balance sheet. the group statement of cash flows and the notes to the financlal statements. including slgnificant accounting policles. 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 (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of th8 State of the group's and the parent charitable company's affairs as at 31 March 2023 and of its incoming resources and resources expended in the period then ended; have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice: and hav8 been prepared in accordance with the requlrements of the Compani8s Act 2006 Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and appllcable law. Our responsibilities under th088 Standards are further described In the Auditorfs responsibilities for the audit of the accounts section of our report. We are Independent of the company in accordance with the ethlcal requirements that ar8 relevant to our audit of the accounts in th8 UK, Including th8 FRC'S Ethlcal Standard. and we have fulfilled our other 8thlcal responsiblllties In accordance wlth these requir8ments. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees, use of th8 golng concem basis of accounting in the preparation 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 collactlvely, may cast significant doubt on the charity's abS1ty to continue as a going concern for a period of atleast twelve months from whon the financial statements are authorised for Issue. Our responslbllitles and the responslbillties of the Trustees wlth respect to golng concem are dascrlbed in the relevant sections of this r8POrt. other Infomiatlon The other information comprises the Information induded in the annual report other than the financial statements and our aud¢tor's report thereon. The Trustees are responsible for the other Information contalned within the annual r8POrt. Our opinlon on the financial statements does not COV8r the other infomiation and we do not express any form of assurance concluslon ther80n. Our responsibilty Is to read the other information and, in doing so, consider whether the other information is materially inconslstent with the financlal statements or our knowledge obtalned in the course of the audll. or otherwise appears to be materially misstated. If we identify such materfal inconslstencles or apparent materlal mlsstatements. We are requlred to detemilne whether thls glves rls8 to a material mis5tstement in the financial statements themselve5. If. based on the work we have performed. we conclude Ihat there is a material mi55tatement of this other information. we are required to report that fact. We have nothing to report in thls regard. WOMEN IN BUSINESS NI LTD (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 21 MARCH 2023 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WOMEN IN BUSINESS NI LTD (CONTINUED) Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given In the Directors. Report. which Indudes the Dir8Ctors' Report and the Strategic Report prepared for the purposes of company law, for the financial year for whlch the accounts are prepared is consistent with the accounts: and the directors, r8POrt 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 réport In respect of the following matters In relation to which the Charltles (Accounts and Reports) Regulations 2008 require us to report to you rf, In ouropinion: the information glven in the financial statements is inconsistent in any material respect with the Trustees, report. or sufficient accounting records have not b8en kept. or certain disclosures of trustees, remuneration specified by law are not made; or wa have not re￿IVed all the Infonnatlon and explanations w6 require for our audit. R•sponslbllltlos of dlrectors AS explained mor8 fully in the Statem8nt of DSrectors' responslblllties, the Directors. who are also the dlrectors of the charity for the purpose of company law, are responsible for the preparatlon of Ihe financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the D1￿CtOrS d8temiine Is necessary to enable the preparation of financlal statements that are free from material misststement. whether du8 to fraud or error. In preparing the financial statements, the Directors are re8ponsible for assessing the charity'8 ability to continue as a going concern, disclosing, as applicable. matt8rs related to going concem and using the going ￿ncern basis of accountlng unless th8 Dlrectors 81th8r intend to Ilquldate th8 charttabl8 company or to cease operations, or hav8 no reallstlc alternative but to do so. Audltorfs responslbllltlos for the audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that Indudes our oplnion. Reasonable assur8nGe is a high level of assurance but 18 not a guarantee that an audit conducted In accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered materfal if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on th8 basis of these flnancial statern8rrts. Our approach to identrfying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectlvely had the appropriate compet8nce, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations: we identified the laws and regulations applicable to the company through discussions with directors andlor senior management, and from our commerdal knowledge and experience of th8 sector. We focused on speciflc laws and regulatlons whlch we consider8d may have a dir8Ct material effect on the flnancial statsments or the operations of the company. Including Companles Act 2006. taxation legislatlon, data protectlon. anti-bribery. empk)yment. envlronmental and heamh and safety legislation we a55e5sed th8 extent of compliance With the laws and regulations identified above through making enquiries of management and inspecting legal co￿eSpOndence. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 10 WOMEN IN BUSINESS NI LTD IA COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS THE YEAR ÉD31 CH FO INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF WOMEN IN BUSINESS NI LTD (CONTINUED) We assessed the susceptiblllty of the company's finandal statements to material misstaternent, Including obtalnlng an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptlbility to fraud. their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the rlsk of fraud through management bias and override of controls, we: perfomied analytiGal procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions: assessed whetherludgements and assumptions made In detemilning the accounting estlmates set OLrt in Note 2 were indlcative of potentSal bias: and Investigated the rationale behind signlficant or unusual transactions. In response to the rlsk of Irregularltles and non-compllance wlth laws and regulatlon8, we deslgned procedures which included. but were not limited to: agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governanc8', enquiring of management as to actual and potential litigation and claims: and reviewing correspondence with HMRC and the company's legal advisors. There are inh8rent limitstions In our audit procedures d8SCTlbed above. The more removed that lav and regulations are from financlal transactlons, tha less1Sk8ly it is that we would becom8 aware of non- compllance. Audlting standards also Ilmit the audit procedures requlred to Identify non-compllance with laws and regulations to enquiry of the dlrectors and other management and the inspection of regulatory and legal correspondence, if any. Material mlsststements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. Uso of our rnport Thi8 report is made solely to the charitable company's member8, a8 a body. in accordance with Chapter 3 of Part 16 of th8 Companies Act 2006. Our audit work has been undertaken so that W8 might state to th8 parent charitabl8 company's members thos8 mattars we ar8 r8qulred to state to them in an audltofs report and for no other purpos8. To the fullest extent perm1tt8d by law, w8 do not accept or assume responslbility to anyon8 Other than the cornpany and the charitable GoMpan￿8 m8mbars as 8 body. for our audlt work, for this report, or for the oplnlons we havg formed. Angela raigan FCA (Senior Statutory Auditor) For and on behalf of Harbinson Mulholland. Chartered Accountants and Statutory Auditors Centrepoint 24 Omieau Avenue Belfast BT2 8HS Date ..w..l.ia.l.13 Harbinson Mulholland is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of sectlon 1212 of the Companies Act 2006.