Blythswood Ireland Limited Independent Auditor's Report to the Members of Blythsiyood Irelalld Limited Opinion We have audited the fmancial slatements of Blytbsivood Ireland Limited (the 'charity) for the y¢ar ended 31 D¢cember 2023, whicb comprise the Statement of Financial Activities. Balance SheeL STatement of Cash Flows and Notes to the Financial StatemenL% including a summary of significant accoiJDting poli¢ies. The financial r¢porting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 The FinaDcial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Ptactice). In our opinion tlke financial statements: give a true and fair view of the stat¢ of the clwity's affairs as at 31 December 2023 and of its incoming resources and application of resources, includÈllg its income and expenditur¢, for the year then euded: have been property prepared in accordan¢e with United Kingdom Genern]ly Ac£ept¢d Aounting Prdctire. have been prepared in accordance with the requirements of the Companies A¢t 2006. Basis for oplnlon We conthicted our audit in accordance with International Standards on AudAting (UK) (ISAS (UK)) and applicable law. Our Tesponsibilities under those Stsndards are fiuther described in the auditor responsibilities for the audit of the financial statements section of our reporL We are 7ndependent of the charty In accordance with the ethi¢al requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard, &nd the provisions available for small entities. in the circumstances set out nots to the financial statements, and we have fvlfilled our other ethical spOnSibl11tieS in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate tr) pwvide a basis for our opinÈon. Coneluslons relating to going eoncern In auditTrng the fJnan¢ial statements, we have concluded that the trStee$ use of the going ¢oncern basis of accounting in the preparation of the fmancial sTatemfflJts is appropriate. B&8¢d on the work we have Wfornd, we have not identified any material uncertainties relatiDg to events or Condition5 thal indivldually or collectively. llY wt significant doubt on the ¢harity's ability to continue as a going concern for a period of at least twelv¢ months from when the original financial statements were authorised for issue. Our Tesponsibilities and the respojjsibilities of the lrnstees with respect to going concern are dribed in the relevant sections of this report. Other Information The trustees are responsibl¢ for the other infornmtion. The other infonnation comprises the inforn]ation included in the annual reporl other than the financial statemeDts and our auditor's report thereoAL Our opinion on the financial statements does not cover the other inforniation aDIL except to the extent otherwise expli¢it]y stated in our repor¢ we do not express any foTrn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other inforn)ation is materially inconsistent with the fUncIal statements or our knowledge obtaioed in the audit or otheTwAse appears to be materially misstste(L If we identify such llterial inconsistencies or apparent material misstatements, we are required to deterniine whether there is a inaterial misstatement in the fmaucial statements or a material misstatement of the other inforniation. If, based on th¢ work we have perforniel we cooclude that there is a tuaterial misststement of this other inforntIon, we are required to reEK)rt that fact. Page 8
Blythswood Ireland Limited Independent Auditor's Report to the Members of Btythswood Ireland Limited We have nothing to report in this reg8rd. Opinion on other matter prescribed by the Companies Aet 2006 In our opiniotL based on the woA( undertaken in the course of the audit: the inforniation given in the Trustees, Report for the financial year for w]Jich the financial statements ar¢ prepared is consistent with the fmancial statements. and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the cljarity atid its environment obtained in the course of the audit. we hav¢ not identified material misstatements in the Trustees. ReporL We have nothing to report in respect of th¢ following matteTS where the Cornpanies Act 2W6 requires us to report to you if, in our opinion.. adequate accounting records have not been kepL or relurns adequate for our audit bav¢ not been received from branches not visited by us" or the financial statements are not im agreement with the accounting records and r¢tLwns' or ¢ertain disclosures of trustee's remunerdtion specified by law are not made. or we bave not received all the infornlation and explanations we require for our audiL Respollsibilitles of trttstee5 As explained more fully in the Statement of Tnee5. Responsibilities (set out on page 7), the trtee$ are responsible for the preparation of the fjnancial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees deteTmine is necessary to enable tho preparntion of financial statements that are free from material misstatemeni whether due to fraud or error. In preparing the finaocial statements, the trustees are responsil)le for assessing the charity's ability to continue as a going concern, disclosin& as appli(2ble, matters related to going concern and using the going concern blS of accounting unless the tnistees either intend to li4Tuidate the charity or to cease operations, or have no r¢aEisti¢ altemative but to do so. Audfitor rtsponslbillties for the audit ofthe financial ststements Our objectives are to obtain reasonable assurance about whether the financial thtements as a whole are free from material misstatement, whether due to fraud or error, and to issue au auditor's report that includes our opinion. Reasonable assurance is a higb level of assuraoce, but is not a guardntee that an audit conducted in accord8nce with ISAS (UK) will a]ways detect a material misstatement when it exists. Misstatements c&n arise from fi7ud or error and are considered material 1£ individually or in the aggregate, tlley could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statsmcnts. The extent to which our procedur¢s are Wle of detectffjg irregularities, including fraud is detailed below". Page 9
Blythswood Ireland Limited Independent Auditor's Report to the Members of Btythswo(Ml Ireland Limited We ¢onsidered the OpportltIeS and incentives that ma). exist withiD the Charity for fraud and id¢ntified the greatest potential for fiaud ia relatÈon to revellue cognition and payment of amounts from the Charity. In conunon with all audits under ISAS IUK), we ar¢ also required to perforni specifi¢ pro¢edures to respond to the risk of management override. We also obtained all understanding of tbe legal and regulatory frameworks that the Cbarity operates focusing on provisions of those laws and regulations that had a direct effect on the deterniination of n]atcrial arnounts and dis¢losures in the fmancial statements. The key laws and regulations we considered in this context included Companies Act 2006, Cbarities Act (M) 2008 and guidance provided by the ChaTity Commission for Northern Ireland. In addition, we considered provisions of Televant laws and regulations that do not have a direct effect on the financial statements but Compliance with which may be fuodamental to the Charity's abiIty to operate or to avoid a material p¢nalty. Our procedures to respond to risks identified included the followitig: - reviewing the fmancial statement disclosures and testing to Supporting documeutation to assess complianee with provisions of relevant laws and regulations descnTred &s having a dire¢1 effect on the financial statements. - enquiring of management regarding actual and potential litigation and claims; - performing analytical procedures to id¢ntify any unusual or unexpected relationships that may indicate risks of material misstatement thje to fraud. - reading mknutes of meetings of those ¢harged with governance and reviewing regulatory COndenCe with the Charity Commi&sion for Northern Tr¢land' in ad(tressing the risk of fraud tlTh>ugh llwiagement oveTride of controls we, tested the appropriateness of journal entries and other adjustments. assessed whether the judgements made in makkng accounting estimates are indicative of a potenti bias. evaluated the business rRtionale of any $iAlfie1Dt transactions; and where possible obtained direct confFrniation of balances ind¢pendentJy from the relevaDt party. We also ¢ommunicated relevant identified laws and regulatio]]s and potential frd risks to all engagement team members, and remained alert to any indications of fraud or non<omplianc¢ with laws and regulations throiighout the audit. Because of the inh¢rent l?mitations of an audit. there is a risk that we will not detect all irregularities, includllig those leading to a material misstatement in the financial statements or non-compliance with regulation, This risk in¢reases the more that compliance Mryth a law or regulation is removed from the eveDts and transactlons reflected io the financial ststements, as we will be less likely io become aware of instances of non<ompliance. The risk is also greater regarding irregularities CurrIll0 . thie to fraud rdther than error, as fraud involves intentlonal concealmeuL forgery, colluslon, omission or misrepresentation. Page 10
Btythswood Ireland Limited Independent Auditor's Report to the Members of Btythswood IrelaDd Limited Use of our report This report is made solely to the charitable companys trnstees. &$ a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertakell so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extsDt pernitted by law, we do not accept or assume respollsibiliiy to anyone other than the charitable company and its trustees ag a body, for our audit wort for this repoAL or for the opinions w¢ bave fornied. For (Senior Statutory Auditor) half of TB Millar & Co, Statutory Auditor 6 Doagh Road Bally¢lare Co Antrim BT39 9BG 4 June 2024 Page 11