BELFAST BIBLE COLLEGE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE DIRECTORS OF BELFAST BIBLE COLLEGE LIMITED Opinion We have audited the financial statements of Belfast Blble College Limited (the 'Company') for the year ended 31 August 2022 which ¢omprtse the statement of financial acliwlies, the statement of ffinancial position. the statement of cash flows and notes lo the financkql statements, induding significant accounling policie5. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accountin9 Practice). In our opinion, th8 financial stslements: give a true and fair view of the state of Ihe Charitable companvs affairs as at 31 Augusl 2022 and of its incoming resources and application of resources, for the year then ended: hav6 been properly prepared in accordance wÈth United Kingdom Generally Accepted Accountlng Practice," and have been prepared in accordance wilh the requlrements of Ihe Companies Act 2006. Basls for oplnlon Vve canducled our audit in accordance with IntematFonal Standards on Auditing (UIQ (ISAS (UIQ) and applicab18 law. Our responsibilities under those standards are further described in Ihe Audilorfs responsibilities for Ihe audit of the financial starenntS section of our report. We are independent of the Company in accordance wkth the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'5 Ethical Stsndard. and we have fulfllled our olher ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have oblained is Sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern In auditing fhe financial ststements, we have concluded that th6 Directors, use of the going con¢em basls ol ac(x)unting in the preparation of the financial statements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to everts or conditions that, individually or collectively, may cast significant doubt on the Company's ability lo rnntinue as a going concem for a period of at least twelve months from when the finan(ial staternents are authorised for issue. Our responsibilities and the responsibilities of the Directors with raspeci to going concem are described in lh8 relevant sections of this feporL Other infomiatlon The other information comprises the infomation induded in the annual report other than the financial statements and our audito$ report thereon. The Dire0[$ are responsible for the other infomiation conlained within the annual report. Our opinion on the financial statements does nol cover the other information and we (Jo not expres5 any form of assurance conclusion thereon. Our responsibility is to read the olher informalion and, in doing so, consider whelher the other infomialion is materialty incA)nsistent with the financial statements or our knowledge obtained in the Coufse of the audit. or otheise appears to bè materially misstated. If we identify such material incortrsistencies or apparent material misstatements, we are required to determine whelher this gives rise to a material misstalemenl In the financial statements themselves. If. based on the work we hav6 performed, we conclude that there is a material misstat8ment of this olher infomiation, we are required to report that fact. We have nothing to report in this regard. Matters on which we are requlrnd to report by exception We have nothing to report in re5pe¢t of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: the information given in the financial statements is Inconsistent in any material respect with the Dlredors, report- or SLrfficient aOUntIng records have not been kept; or the financlal statements are not in agreement with the accounting record$- or we have not received all the information and explanations we require for our audit. 11
BELFAST BIBLE COLLEGE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE DIRECTORS OF BELFAST BIBLE COLLEGE LIMITED Responsibilities of Dlrectors As explained more fully in the stalement of Directors, responsibilities. the Dlrectors are responsible for the preparation of the financial statemenls and for being satisfied that they give a true and fair view, and for such intemal control as the Directors determine is necessary to enable the preparation of financlal statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Directors are responsible for assessing the Company's ability lo ¢onttnue as a going ¢onceTn. disclosing. as applicable, matters related to going concern and using th& going conGern basis of accounting unless the Directors either intend to Ilquidats the charitable company or to cease operations, or have no realistic altemative but to do so. Auditorfs responsibilities for the audit of the flnancial statements We have been appointed as audilor under section 144 of the Chaiitres Aci 2011 and report In accordance wtth the Act and relevant regulatlons made or having eff8cl theunder. Our objectives are to obtain reasonable a5suran¢e about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstalement when it exists. Misstatemenls can arise from fraud or error and are considered material rf. indNidually or in the a99regale, they could raasonably be expeded to inltuenGe the economlc de$lOnS of users taken on Ihe basis ofthese financial statements. Irregularities. induding fraud, are instanc85 of non-compliance with laws and regulations. We d851gn procedures In line with our responsibilities. outlinod above, to detect material misslalements in respect of irregularities, induding fraud. The 8xtent to which our procedures are capable of detecting irregularities, inrjudlng fraud, is detsiled below 12-
BELFAST BIBLE COLLEGE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF BELFAST BIBLE COLLEGE LIMITED Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, Including fraud and nonwmpliance wEth laws and regutations, was as follows: the engagement partner ensured that the engagemertrt tearn collectively had the appropriale competence, capabilities and ski115 to identify or recognise non-compliance th applicable laws and regulations,. we identffied the laws and regulations applicable to the company through disuJssK)ns with directors andlor senior management, and from our comrnercial knowledge and experience of the sector, We focused on specific laws and regulallons which we o)nsidered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, tsxation legislation, data protectitjn, anti-bribery. employment, enwronmenlal and health and safetylggislation we assessed the exlent of compliance with the laws and gUlationS id&ntified above through making enquiries of management and inspecting legal correspondence,. and identified laws and regulations were communicated within Ihe audit team regularty and the team remained alert to instsnces of nonvcompliance throughout the audit. We assessed the susceptibilty of the companls financial statements to material misstatement, including obtaining an understandlng 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 intetnal controls in place to miligate risks of fraud and non-compliance wlth laws and regulth'ons; To address the risk of fraud through management bias and ovenide of controls. we.. perfomied analylical procedures to identify any unusual or unexpected relationships., tested journal entries lo identify unusual Iransactions- assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 2 were indicative of potential bias- and Investigated the rationale behind significant or unusual transactions- In response to the risk of irregularleS and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial stalement disclosures to underlying supportlng documentation: reading the minute$ of meetings of those charged with governance; enquiiing of management as to actual and potential litigalion and daims-. and reviewirvj correspondence with HMRC and the company's legal advisors,. A further descriptlon of our responsibilities 1$ available on the Financial Reporting Councifs website at.. https:11 w.fre.org.ukjauditorsresponsibilitÈes. This descriptton forms part of our auditovs report. 33-
BELFAST BIBLE COLLEGE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF BELFAST BIBLE COLLEGE LIMITED This report is made solety to the company's members. 8$ a body, in accordance with section 391 of the Companies Act 2014. Our audit wotk has been undertaken so that we might ate to the company's members those matters we are required lo state to them in an auditovs report and for no other purpose. To the fullest extent permttt8d by law. we do not accept or assume responsibility to anyone other than the rnmpany and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. Angela C an (Senlor statOry Auditor} for and on bohalf of Harblnson Mulholland 13123 Chartered Accountants Statutory Auditor Centrepoint 24 Omieau Avenue Belfast Co. Antrim Northern Ireland BT2 8HS Harbinson Mulholland is eligible for appointment as auditor of the Company by virtue of its eligibility for appointmenl as audltor of a company under sethon 1212 of the Companies Act 2006. 14-