INDLI PEINDENT AUDITOR'S REPORT TO THE GEINERAL ASSEMBLY OF THE PRESBYTERIAN CHURCH IN IRELAND Opinion We liave audited the fiiiancial statements of The General Assembly of The Presbyteiian Chui'ch in Iieland for the ye. ended 31, December 2022 which compi'ise the Statement of Financial Activities, tlie Balance Sheet, the Statcment of Cash Flows and the ielated iiotes I to 26, incllidiiig a SULnmary of significant accounting policies. The finaiicial repoiting framewoi'k that lias been applied in theii pieparatioii is applicable law and United Kingdom Accounting standds (United Kiiigdom Geiiei'ally Accepted Accounting Pi'actice) including FRS 102 "The Financial Repoiting Standaid applicable in the UK and Republic of Iieland" In oui opinion the finaiicial statements: give a true and fail view of the state of the charity's affaii's as at 31, December 2022 and of its iiicoining resoui'ces aiid applicatioii of iesoui'ces, foi the year then ended; have been propeily prepai'ed in accoidance with United Kingdom Geneially Accepted Accounting Pi"actice' and have been piepaied in accoi'dance with the i'equiiements of the Charities Act (Noi'thern I1'e1]d) 2022. Basis for opinion We conducted oui aiidit in accoidance with Intei'national Standai'ds on Auditing (UK) (ISAS (UK)) and applicable law, Oui i'esponsibilities under those standai'ds al'e fuithei described iii the Aiiditor's i'esponsibilities foi the audit of the financial statements section of oui. ieport below. We al'e independent of the chai'ity in accoidance with tlie ethical requiiemeiits that ielevant to oui. audit of the finaiicial statements in the UK, including the FRC'S Ethical Staiidard, and we have fulfilled oui. other ethical i'esponsibilities in accoi'dance witli these iequiiements. We believe that the audit evidencc we Iiave obtained is sufficieiit and appropi'iate to provide a basis foi oui. opinion. Conclusions i'elatlng to going concern In auditing the finaiicial statements, we have concllided that the trustees, use of the going concerii basis of accounting kn the prepaiation of the financial statements is appropriate. Based on the work we have perfoinied, we liave not identified any material unceitaiiities i'elating to events oi coiiditions tliat, individually oi collectively, may cast significaiit doubt on the chaiity's ability to COLltinue as a going concem foi. a period of 12 inonths fiom when the fiiiancial statements ale authorised foi issue. Oui J'esponsibilities and tlie I'esponsibilities of tlie trustees with i'espect to going concei'n al-e desci'ibed in the relevant sections of thks i'epoit. Howevei,, because not all futui'e events oi, coiiditions cali be predicted, this statement is not a guarantee as to the ti-ustee's ability to continue as a going coiicei'n. Other information The othei infoimation compi'ises the infoi'mation incliided in the aimual repoi't, othei ihaii the financial statements and oui. auditoi s ieport theieoii. The tiustees ale i'esponsible foi the othei infoi'mation contained in tlie Annual Report. OLii opinioii on the financial statemeiits does not covei tlie othei. inforniation aiid we do not expi'ess any form of assui'ance conclusion theieon. Page 25
INDEI PENDENT AUDITOR'S REPORT TO THf GENERAL ASSEMBLY OF THE PRESBYTEIUAN CHURCH IN IRELAND CHARITY (cont'd) Oui responsibility is to read the otheL' infoiniation and, in doing so, considei. whethei the otlier infoimation is materially Inconsistent with the fIn]cial statemeiits oi. oui kiiowledge obtained in tlie audkt or otherwise appeal's to be materially misstated. If we identify siicli matei'ial inconsisteiicies or apparent inateiial misstatements, we al'e required to deterniine whethei. this gives iise to a mateiial misstatement in the fiiiancial statements tlieniselves. If, based on the woi'k we have peifoi'ined, we concliide that thei'e is a matei'ial Inisstateinent of the othei infoimation, we are i'equii'ed to repoit that fact. We have nothing to repoit in this iegard. Matters on Ivhich we are R"equii'ed to report by exception We have nothing to repoit in i'espect of the following mattels wheie the Chai"ities (Accounts and Reports) Regulations (Nolthern Ireland) 2015 I'equire us to L'epoit to you if, in our opiiiion: the infoi'mation given in the ti'ustees, Annual Repoi"t is incoiisistent iii lY matei'ial iespect with tlie financial statements. oi. sufficient accounting iecords have not been kept. or the financial statenients al'e not in agieement with tlie accounting i'ecoi'ds and i'ctui'ns. or we have not received all tlie ii)foi'mation and explanations we i"equiie for oui. aiidit. Responsibilities of the trustees As explained mole fully in tlie ti'ustees, iesponsibilities statement, set oiit on page 21, the tiustees ale responsible foi. the piepai'ation of the financial statenients aiid foi being satisfied tliat they give a true and fair view, and for sucli iiiteinal contiol as the tiustees deteimine is necessai'y to enable the prepaiation of financial statements tliat al'e fl'ee fi'oin matei'ial misstatenient, whethei. due to fraud oi. eiTOr. In preparing the financial statements, the trustees al-e respoiisible for assessing tlie chai'ity's ability to continue as a going concei'n, disclosing, as applicable, mattel's related to going concern and usiiig the going concei'n basis of accountiiig unless management eithei. inteiids to liquidate the chai'ity or to cease operatioiis, oi- lias iio realistic altei'native but to do so. Auditor's responsibilities for the audit of the financial statements We have been appoiiited as auditor undei. section 65(2) of the Charities Act (Northei"n Iieland) 2022 and report in accoi'dance with the Act arAd i'elevant I'egulatioiis made oi. haviiig effect thei"eunder. Oui. objectives ale to obtain i'easonable assui.ance about wliethei the financial statements as a whole al'e flee fioin niateiial misstalemeiit, whethei. due to fiaud oi ei'ror, aiid to issiie an auditoi's i'epoit that includes oui opiiiion. Reasonable assui-aiice is a liigh level of assui'aiice, but is not a guai'antee that an audit condiicted in accordaiice witli ISAS (UIC) will always detect a matei'ial misstatement when it exists. Misstatenients can ai'ise fiom fraud OL. eiioi. aiid are coiisidei'ed mateiial if, individually OL. in the aggiegate, they could i'easoiiably be expected to influence the economic decisions of usei's taken 011 tlie basis of tliese financial statements. I xplanatioii as to Ivhat extent the audit Ivas considered capable of Iletecting ii'i'egularities, inclu(ling fraud Ii'iegulai'ities, including fi'aud, ai"e instances of non-compliance witli laws and i'egulations. We design pi'ocedures in line with our i-csponsibilities, outlined above, to detect il'A'egulai'ities, iiicliiding fraud. The Page 26
INDEI PENDENT AUDITOR'S REPORT TO THE GEI NERAL ASSEMBLY TRUSTLI ES OF THE PRESBYTERIAN CHURCH IN IREI LAND CHARITY (coiit'd) risk of not detecting a niaterial misstatement due to fi-aiid is higliei. thall tlie i'isk of not detecting one i"esulting fi'om eiioi., as fiaud may iiivolve deliberate coiicealmeiit by, foi cxample, foigeiy or intentioiial misrepreseiitations, oi tFll"ough collusion. The extent to which our procedures are capable of detecting iri'egulai-ities, iiicluding fi'aud is detailed below. Howevei-, the primaiy respolisibility foi. the pi-evention and detection of fi'aud rests with both tliose charged with governance of the entity and management. We obtained an undeistanding of the legal and regulatoi'y fi'anieworks that are applicable to the chaiity and deteimined that the most significant ale the Charities Act (Noi"theiii li'eland) 2022, the Charities (Accounts and Repoits) Regiilations (Noithern Ii'eland) 2015 and The Charities (Annual Retiiin) RegLilations (Noithein Ireland) 2020. In addition, the chai'ity has to comply witli laws and i'egiilations relating to its opei-ations, iiicludiiig the Coronavii'iis Job Retention Scheme iules, health and safety and GDPR. We understood how the ChltY is complying with those fiamewoiks by Inaking enquiiies of the trustees and management of the chaiity to understand how tlie charity maintaiiis aiid communicates its policies ]d procedLlI'es in these ai'eas. We cori'oboiated oui. iiiquiiies through leading minutes of tiustees, meetings and coiiespondence witli relevant authoiitics. We assessed the susceptibility of the chaiity's financial statemeiits to material niisstatement, including how fraud might occui. by considerilig the i'isk of management ovei"i'ide aiid by assuniilig the i"ecognition of ceitain eleinents of voluntai'y income, inconie fi'om chai'itable activities and investmeiit income to be fiaud i'isks. Our testiiig of such income included agreeing specific 'aiisactions to soiiice documeiitatioii and the i'eceipt of payment in bank stateinents, testiiig ceitain manual journals, and leading niiiiutes, legal docunientation and i'ecoids maintained by tlie trustees. Based on tliis undeistanding we designed oui audit piocedures to identify iioncompliance with such laws ld i'egulations. We lead the minutes of tiustees, meetings to identify any non-compliance with laws and regulations. We also rnade enquiries witli the ts"ustees and of niaiiagemcnt of the chai.ity i'egaiding conipliance with laws and regulations. A fui-thei. desci'iption of oui. i-espoiisibilities for the audit of the financial statenients is located oil tlie Financial Repoi'ting Council's website at https;//www.frc.oi'g.uk/auditoi'siespoiisibilities. This descL'iPtion fom]s pait of our aiiditoi s repoit. Use of our i'eport This i'epoi't is niade solely to the Tiustees, as a body, in accordance with Part 4 of the Cliai"ities (Accounts aiid Repoi'ts) Regulations 2015. Our audit woik has been undeitaken so that we inight state to the cliai"ity's tiustees those mattel's we al'e i'equiied to state to them in an auditors, i'epoit and foi. no oth¢i' pui'pose. To the fullest ¢xtent pei'mitted by law, we do not accept oi. assume responsibility to anyone othei. than the chai ity and the chal'ity's tiustees as a body, foi. oui. audit work, foi this iepoi't, oi" foi the opinions we Iiave foimed. ERNST & YOUNG LLP Statutoiy Aiiditoi. B¢lfast Date 31 May 2023 Eriist & Youiig LLP is eligible to act as ali aiiditor iii tei'ins of section 1212 of tlie Coinpanies Act 2006 Page 27