Orangefield Congregation of The Presbyterian Church In Ireland Independent Auditor's Report to the Members of Orangefield Congregation of The Presbyterian Church In Ireland MUIR & ADDY Year ended 31 December 2023 Opinion We have audited the financial statements of Orangefield Congregation of The Presbyterian Church In Ireland (the 'charity'l for the year ended 310ecember 2023 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. 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: glve a true and fair vlew of the state of the charity's affairs as at 31 December 2023 and of its incoming resources and appllcation of resources, Including Its Income and expenditure. for the year then ended,. have been properly prepared in accordance with Unlted Kin8dom Generally Accepted Accountin8 Practice,. have been prepared in accordance wlth the requlrements of the Charities Act (Northern Ireland) 2008. Basis for opinlon We conducted our audlt in accordance with International Standards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financlal statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the flnancial statement5 in the UK, includin8 the FRC'5 Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditlng the financial Statements, we have concluded that the trustee5' use of the going concern basis of accounting In the preparation of the financial statement5 is appropriate. Based on the work we have performed, we have not Identified any material uncertainties relatln8 to events or conditions that, Individually or collectlvely, may cast significant doubt on the charity's ability to contlnue as goin8 concern for a perlod of at least twelve months from when the financial statements are authorlsed for issue. Our responsibilities and the responsibilities of the trustees Wlth respect to 80ing concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report. other than the financial Statements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financi315taternents does not cover the other information and, except to the extent otherwise explicitly Stated in our report, we do not express any form of assurance conclusion thereon. In connection with our au.dit of the financial statements, our responsibility is to read the other information and, in doin8 so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconslstencies or apparent material misstatements, we are required to determine whether there is a material Page 16
Orangefield Congregation of The Presbyterian Church In Ireland Independent Auditor's Report to the Members of Orangefleld Congregation of The Presbyterian Church In Ireland MUIR & ADDY Year ended 31 December 2023 misstatement in the financial Statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there 15 a material misstatement of thi5 Other information, we are required to report that fact. We have nothing to report in thi5 re8ard. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material mis5tatement5 in the trustees, report. We have nothing to report in respect of the following matters in relation to wh ich the Charities Act (Northern Ireland) 2008 requires US to report to you if, in our opinion.. •the information given in the trustees, report is inconsistent In any material respect with the financial statement5,' or •adequate accou nting record5 have not been kept; or •the flnancial statements are not In agreement wlth the accounting records and returns,. or •we have not received all the information and explanations we requlre for our audit. Responslblllties of trustees As explained more fully in the trustees, responsibilities statement, the trustee5 are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from materlal misstaternent. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charlty'5 ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the goin8 concern basis of accounting unles5 the trustee5 either intend to liquidate the charity or to cease operatlons, or have no realistic alternative but to do 50. Auditor's responslbilities for the audlt of the financial Statements Our objective5 are to obtain reasonable assurance 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 ISA5 IUKI will always detect a material misstatement when it exists. Misstatement5 can arlse from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilitiQ5, Outlined above, to detect material misstatement5 in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregu larities, including fraud is detailed below-. We di5CUS5ed laws & regulation5 and fraud risks during our audit plan ning procedures. We consider that fraud, if it were to occu r, would m05t likely involve the misappropriation of income. Audit procedures were planned and performed to assess proce55es for recording the different sources of income. We remain mindful that fraud, Page 17
Orangefield Congregation of The Presbyterian Church In Ireland Independent Auditor's Report to the Members of Orangefield Congregation of The Presbyterian Church In Ireland MUIR & ADDY Year ended 31 December 2023 by its very nature, may be difficult to detect but we have tested controls in place and consider that our audit has a reasonable chance of detecting a material fraud in this area. As part of an audit in accordance with ISAS IUKI, we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detectin8 a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve ollusion, for8ery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit In order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expre5sin8 an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accountlng and. based on the audit evidence obtained, whether a material uncertainty exists related to event5 or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exi5t5, we are required to draw attention in our auditorfs report to the related disclosures in the financial Statements or, if such disclosures are inadequate, to modify ou r opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or condition5 may cause the charity to cease to continue as a goin8 concern. Evaluate the overall presentation, structure and content of the financial statements, including the disc105ures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among Other matters, the planned scope and timing of the audit and signiflcant audit findings, Including any significant deficiencie5 in internal control that we identify durin8 our audit, Use of our report This report is made solely to the charlty's members, as a body, in accordance with Section 65 of the Charitie5 Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity'5 members as a body, for our audit work, for thi5 report. or for the opinions we have formed. 10106124 Muir & Addy Chartered accountants & statutory auditor 427 Holywood Road, Belfast, BT4 2LT Page 18