THE STRAIGHT FORWARD TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE STRAIGHT FORWARD TRUST Oplnion We have audited the flnanaal 8tat8m6nls of The Straight FOard Twst far Ihe ygar ended 5 Aprll 2023 whS¢h compilse Ihe slalemenl of flnanclal actlvilies. the balance sheet, the statemenl of cash flows and notes lo the fin8nd81 slalements, Includlng signlficanl accounting pOIleS. The financial r6portSng framework that has been applied In Ihelr preparallon Is appllcablè law and Unlled Klngdom Accountlng Slandards. Includlng Flnancial Reportlng Standard 102 Th6 Financial R6POrting Slandard 8ppllcabl& In the UK 8nd Republlc of Ir81and {Uniled Klngdom Generally Accepted Accounting Practlce). In our opir)lon, the fin8nGSal slalem&nts: glve 8 true 8nd f8lr vlew of the slal6 of the tharity's affalrs as al 5 Aprll 2023 and of Ils Incomlng re8our¢8s and 8pplloallon of rèsources, for the year Ihen 8nded; hav8 been property prepared In a¢cordance wllh Unlted Klngdom Generally Accepted Accounting PraGt¢Ge; and have been pyepared In accordance wllh the Charitles Aot {North8rn Ireland) 2008 and the Chorflles Act Northem Ir81and} 2013. Ba818 for oplnlon We conducted our audil In accordance wllh Inlomallonal Siandards on Aurfiling (UK) {ISAs (UK)) 8nd appllcable law. Our responslbllllles under those siandards are furth8r das¢rlb8d In the Audllorfs responslbllllles for th& audlt of tho financlal st8lemBnts secllon of our rèport. We are indepondenl of the tiust Sn accordance wllh tho olhlcal requirements th81 are relevanl to our audll of the financial st8temenl8 In the UK. Includlng Ihe FRC'G Elhlcal Standard, 8nd we have fulflll8d our other 8lhlcal responsibllilles In accordance wllh these requirements, W8 ballevo th81 Ihe audlt evldence w8 have oblalned Is 8ufflclent Bnd approprlal8 to provlde a basls for our oplnlon, Concluslons relatlng to golng concém In audlllng the linandal statements, we have concludad Ihat Ihe TTust888' use of the gotno concern basis of accounllng sn th8 preparallon of the flnan¢lal slalemenls Is approprlate. Based on Iha work w8 hove performed, we hav8 not entIfIed any matarlal uncertalnlles relallng lo events or Gondlllons that, Indlvlduglly or collectlvely, m8y Gast slgnlficanl doubl on Ihe trust's ablllly lo conllnue as a golng conGern for a perlod ol al least twelve months frorn when Ihe fln8ncial stalement8 8re aulhorlsed for Issu8, Our rosponslbllllles and th8 respons5bilittes of the Truslè8s wllh respect to golng concem are desuib8d In th8 r818vanl seetlons of this report. othèr Informatlon The olhar Infomiatlon comprises the Informatlon Included In the annual report olher Ihan tho finanGial slal8m8nts and our audlloff s report Ihereon. Th8 Trustees are responslble for the other Informalion conlalnod wllhln th8 8nnual repori. Our opink)n on Ihe flnanclal slatemenls doe8 nol covor Ihe other Informatlon and we do not express any form of assurance concluslon Ihereon. Our responsibilily Is lo road the olhar Infomation and, In dolng so, conslder whether the other Informallon Is malerially Inconslslenl wilh Ihe finanGliil s181emenls or our knowledge obtained In Ihe course of th8 audit, or otheIS6 appears lo be materially misslalod. If we idenllfy such mal8rSal Snconsislencles or apparent malerlal mlsslalem8nls, wa are requlred to delermlne whelher Ihls glves rtse lo a material misslalement In the financlal stalem8nls Ihemselves. If. baged on Ihe work we h8v8 parformed, wa Gonclude that thero b a m81orlal mlsslalemenl of this other Information, we are requlred lo report that fact. We hgve nolhlng to wport In Ihls regard. Matters on whlGh we ar8 roqulred to rèport by exception We have nolhlng lo report in respect of Iho following matt8rs In relalion to whlch the Charilles (Ac)unt8 and R6poris) Regulalions 2008 require us to report to you if. In our opinion: th8 informallon given In the financlal statements 18 Inconslslenl in any material respeGi wllh th6 Trustees. raport; or sufficlent accounting records have not been képt: or the finan¢lal slalemenls are not In agreement wllh the accounting records: or wo hav8 nol received all Ihe Informatlon and explanations we requlre for our audil.
THE STRAIGHT FORWARD TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE STRAIGHT FORWARD TRUST Respon8lbllltl&s of Ttustèès As explalned more fully In Ihe slalemenl of Trusteès. r8sponsibllltles, Ihe Trusl8es are responsible for th8 prepar81ion of the financial $18tements and lor belng satisfled Ihat they glve a true and fair vlew. and for suoh internal conlrol as the Trustees del8rmlne Is necessary to enabla tho preparallon of financial statements Ihal ar6 Iree from maleTial mlsslalem8nl. whèthor due lo fraud or error. In preparing the Ilnanual statem6nts. the TTLIStees are responsible for assesslng the Itusl's ablllly to continu6 as a golng concern, dlscloslng. as appllcable, rnatters ralat8d lo golng Goncern and using the golng concem basis of accounllnu unless the Trustees either Inlond to ce888 op&ratlons, or have no reallslic alternallvo to do 80. Audltor's responslbllltles for thè audlt of the flnancial statemènts Our oble¢tivos are to obtain reasonable assurance 8bout whalher the financlal statements 89 a wholo are free from malerlal mlsslatBm8nl. wh8th8r du8 to fraud or error. and to Issuo an auditofs report that Includas our oplnion. Reasonable assuranc8 Is a high level of assuranc8 bul18 not a guarantoo that an audll conducted In accorddnce wllh ISA8 (UK) wlll always dotect a malertal mlsslalemenl when 118xl8ts. Misstat8m&nls can aris8 from fraud or error and arè consld8red malerlal If, Indlvldually or In the aggrega16, they could reasonably be exp8cled lo Influence the economlc decfslons of users taken on 11)6 basis of Ihese financlal statements. Th8 extent to whlch our procedures are capable of dalectlng Irregularili95. Includlng fraud,18 dela116d below. Extént to whlch the audlt was consldor6d capabh of datectlng Irregularltlès, Includlng fr8ud The obl60tlves of our audll In Spect of fraud, arè: lo Idenlify and assess th8 rlsks of matarlal m188t8tament of the Ilnanclal sla16ment8 du8 to fr8ud; to obtaln sufflc18nt approprlata audit evldence r8gardlng Ihe assessed rlsks of mateTlal mlsstalem8nt due lo fraud. through designlng and Implemenllng 8pproprl816 raspon88S to those assessed rlsks. and lo respond appropatelY lo In6t8n¢es of fraud or suspected fraud Identiflod duTing the audll, However, th6 prlmary r6sponslblllly for Ihe prev8nllon and detection of fraud rest8 th both management and th08e charg8d wllh governance of the charlty. Based on our understandlng of the charfty and Its op8rallng envlroDmenl, wa delermlned that th6 most slgnlftcanl Irameworks which have a dlrecl impact on the preparelion of the finanGl81 sl8temonts are thoso related lo the reporting framework, {FRS 102, th8 CharSlles Ac( {Northom Ireland) 2008, The Chariligs {Accounls and R8POrts) Flegul8lions (Northern Iraland) 2013, the Charity SORP and UK financlal reporting slgndards as Issues by the Flnanclal Rèpolllng Counclll. Addlllonally, we conduded that there are slgnlflcanl laws and regulallons In relallon lo th8 enllly's charltable slalus and acllvllles of whlch non-complSanc8 rnay have a matérlal off6cl on tho ftnanclal statenienls. We a68es8éd the suscepllblllly of the charlty's flnanelèl $18lem8nts lo mat8rial mlssl818ment, Indudlng how fraud mlghl occur. Including evaluallng manag8menl's Incèntlv8s and opportunilles to manage oamlngs or Inffuence the reporled results. From the resulls of our assessment, we detormlned Ihal Ihe princlpal rfsks of fraud r818te to posllng Inoppropriale journ81 enlrles and use of charily funds for purposes oulslde of reslrfcllons Imp08ed by the donor, In common wllh all audlls under ISAS (UK). wo are requlred lo perform sp8clffic procedures to reypond lo the risk of management ov8rrlde.
THE STRAIGHT FORWARD TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE STRAIGHT FORWARD TRUST Audlt responsa to riskg Idèntlfled As part of an audit in accordanca wlth ISAS (UK) w8 exercise professlonal judgement and malnlaln professlonal sceptlclsm throughout the audlt. Audit procedures performed by th6 engagement team included,. We oblalnad an undarstanding of the charlly internal control systems in OTder lo design audlt procodures Ih81 are appropriat6 In Iha drcumslanc8s. bul not for tho purposes of 8xpresslng an oplnlon on the effectlven&ss of tho charlly's internal conliol. Wa oblolned an und8rslandlng of how the charity Mpl10S wlth r818vanl laws and regulalloiis, Includlng thos& as a result of Ils reglslrallon with the Charity Commlsslon for Northern Ireland by maklng enqulrl6s of management and Ih(k8e charoed wilh govèmance. Enquiry of management, those charged 1h governanc8 arwnd actual and potontlnl15llgolion and dalms. Enquiry of enllly slaff lo Idenllfy any Ins18nces of rton-compllance th laws 8nd regulallons. Perfonnlng analytical procedur8s lo idenllfy any unusual or unexpectacl relBtlonshlps Ihal may Indleale rlsks of malerlal mlsstatement due to fraud Revlewlng minutes of meetings of Ihose tharged wtlh governance Ravlewlng flnanclal slatgment dlsclosures and testlng to supportlng documontstlon to assess compll8nG6 wlth appllc8ble laws and reoulation8. Audltlng the rlsk of managem6nl ov8rrlde of ¢ontrols, Indudlng tOugh tasilng journal ent8$ and other adlusim6nls for approprlateness, and evaluating the buslness ratlonale of glonlficanl Iransa¢llon$ that are unusual or oulslde th8 norm81 cours8 of buslness. We communlcaled relevant laws and rogulallons and polenlial fraud rlsks to all engagement t98m m8mbars and ramaln8d alert to any indlcfytlons of fraud or non-compliance wllh laws and regulallons throughout tho audll, Thera are Inherent Ilmltallons Sn th& audll procedures descrfbed above and the lurther removed non-compllance wllh laws and r8gulallons Is from th8 evants and Ir8nsactlons rellected In lh8 flnanclal slalament6, tho18ss Ilk6ly we would becom6 aw8r8 of IL A180, th8 rlsk of not d6ta¢llng a mslerial mlsslatemenl due lo fraud Is high8r than the rlsk of not delecllng one resultlng from orror. 88 fraud may Involve dellb&rate concaalmenl through collusion, forg8ry, Inlenllonal omlsslons, mlsrepr&sentailons or Ihe override of Inlornal control. A lurther dascripllon of our responslbllllles Is avallable on the Fln8ndal Reporting Councll's webslte 8t,. hllPS,,11 www.frc.org.uklaudllorsre8ponsibilities. Thls doscriptlon fom)s P8rt of our audltor's report. Use of our roport This rèport Is made solgly to Ihe charlly's membors, 8s a body. Our audll work has boen und&rtaken so Ihat we mlghl slate lo the ch8rity's rn8mbers th088 m811ors we are requlred to sla16 to them in an audilor&' report ond for no olh6r purpose. To tho futlesl exlenl pem)Itled by law, we do nol actept or assume responsiblllly lo anyone olher than Iha ch8rlly and118 member¥ a8 a body, for ¢JJr audit work, for Ihis report. or for the opinlons wa have formed. Mooro {N.I.) LLP Chartered Accountants StatutoryAuditor 4th Floor Donegall House 7 Donegall Square North Belfast BT15GB