South Antrim CoDMnunity Transport Independent AudRtor's Report to the Members of South Antrim Communlty Transport OplDlon We have audited the financial statements of South Antrim Communty Transport (the 'charityJ for the year ended 31 March 2023, wbith comprise the Statement of Financial Activities. Balance Sheel Statement of Cash Flows. and Notes to the Financi Ststements. including a Surnrn of significant accounting policies. The financi reporring framework that has been applied in their preparntion is United Kingdom Accounting Slandard& comprising Charities SORP . FRS 102 Tr Financial Repw standard applithle in the UK and Republi¢ of treland, and applicable law (United Kingdom Generalty Accq)ted Accounting Practice). In our opinion the fmancial stateMts. give a true and fair VAew of the stats of the charity's affairs 8$ at 31 Marth 2023 and of its regth for the year then en(kd. . have been property prepared in accord with Untted Kingdom Generalty Acceoed Accounttng Practice: have been prepared in accord with the requirements of the csnies Act 2006. Basb for opinion We conducted our audit in ac¢ordan¢e with IntertIol Slandards on Auditing (UK) OSAS (UK)) a1 applicable law. Our responsibilities under those standards are further described in the auditor respolbI]itieS for the audit of the fmanciaI statements section of our repotL We are indq>endent of the charity in accordance with the ethieal requirements that are rekvant to our audit of financid statements in the UK including th¢ FRC'S Ethical Standart and the provisions available for small entities in th¢ ¢iTrum set out in note to the financial ststements. and we have fillfill our othw ethical responsibilities in accordanLY with these requirements. We believe that audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. CoDcluslon$ r¢lating to going eODcern In auditing the financial statements we have coluded that th trustees use of the going ¢oncern basis of accounting in the preparation of the financial statements is appropri*. Bed on th¢ work we have perforniel we have not identified any materia] ncelieS rehting to events or conditions thaL individually or collectively. may SI[ficant doubt on the charity's ability to continue &8 a going con¢¢rn for a period of at least thvelve months from when the original fmanciaj statanents were authorised for issue. Ow responsibilities and the responsiTr•iliti¢s of the trustees with respect to going concern are des¢nW in the relevant sections of this repoTL Other iDforniation The trustees are responsible for the other infornmtion. The other information rAxrAprises the information included in the a[Ual Yer other than the financial statements and our auditor's report thereon. Our opinion on the financial sthtements does not cover the othtr inforniation an4 except to the extent Othe explicitly stated in our repo¢ we do not express any forni of assur rA>nclusion ther In com)ection with our audit of the financial statem our responsJl)ilty is to read the other infonnthon 8n4l in doing so. consider whether the other infoniiation is rnaterially in¢onsistent with the fmancia] ststements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material Misstatemen we are required to detennine wbether there is a material misstatement in the financial statements or a materid misststhent of the otkn infonnation. IC b&8¢d on the work we have perfOrnI we conclude that there is a rnrI misststhfflt of this other jnfornmtio w¢ are required to report that facL We have nothing to report in this regar
South Antrim Community Transport Independent Auditor's Report to the Memberj of South Antrim Community TraDSPOrt Oplnion on other matter prucrlbed by the Companles Aet 2006 In our opinioty based on the work undertaken in the course of the audiL" the inforniation given in the Tntees, Report for the financial year for which the fjnancial ststements are prepared is nsIStent with th¢ financial statements; and the Trustees, Report has been prepared in accordance with app1]ble legal requirements. Matters OD whleh we are requlred to report by ex¢eptlo In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audi( we have not identified material misstatements in the Trustee$, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kep¢ or returns adequate for our audit have not bn r¢¢¢ived from branches not visited by us; or the fmancial ststements are not in weement with the accounting records and returns: or Certain disclosures of trustees remuneration specified by law are not made; or we have not r¢¢eived all the infommtion and explanations we require for our audit. Responslbllltleg of tru$teeJ As explained more fully in the Statement of Thte¢s, Responsibilities (set out on page 6), the trustees are responsible for the preparation of the fman¢ial statements and for being satisfied that they give a true and fair view. and for such internal Mntrol as the trustees d¢tern]ine is necessary to enable the preparation of financia] statements that are free from material misstatemenL wheth¢r due to fraud or error. In preparing the financial statements. the tswstees are responsible for assessing the ¢harity'S ability to ¢ontinue a going concern, disclosing, as applicable. matters related to going Concern and using the going concern basis of aOUnting unless the trnstees either intend to liquidate the ¢harity or to ¢ease operntion4 or have no realistic aliemative but to do so. Audllor responslbllltles for the audlt of the Ilnanclal $tatemeDts Our obje¢tives are to obtain reasonable &8suran¢e about whether the lknan¢ial statements as a whole are free from material misststemenL whether due to fraud or cr. 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 dete¢t a material mi&8latement when it exists. Mi88tatements Can arise from fraud or error and are Considered material if, individually or in the aggregate, they could re&8onably be expected to influence the e¢onomic de¢isions of users tsken on the basis of these financial statements. The extent to whi¢h our procedures are capable of detecting irregularities. including fraud is detsiled below: Page 8
South Antrim Community Transport Independent Auditor's Report to the Members of South Antrim Communlty Transport We considered the opportunities and incentives that may exist within th¢ Charity for fraud ond identified th¢ greatest potential for fraud in relation to revenue reCOlt]0n and payment of amounts from the Charity. common with all audits under ISAS (UK), we are also wuired to perforni specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the Charity operates in. focusing on provisions of those laws and regulations that had a direct effect on the determination of ntsterial amounts and disclosures in the fman¢ial statements. The key laws and regulations we eonsidered in this context included Companies Act 2006. Charities Act (Nl) 2008 and guidance provided by the Charity Commission for North¢rn Ireland. In addition. we considered provisions of relevant laws and regulations that do not have a direct effect on the fmancial statements but compliance with which may be fundamental to the Charity's ability to operate or to avoid a material penalty. Our procedure5 to respond to risks identified included the following: - reviewing the financial ststement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulation5 described as having a direct effect on the financial statsmen - enquiring of management regarding actual and pot¢ntial litigation and Clairns; - perforniing analytica] procedures to identify any unusual or unexpethd relationships that may indicate risks of material misstatement due to fraud; - reading minutes of m¢etings of those charged with governance and reviewing regulatory ¢OTrespondence with the Charity Commission for Northern Ireland; - in addressing the risk of fraud through management override of ¢ontrol$ we, tested th¢ appropriateness of journal entries and other adjustments; assessed whether the judgements made ID making accounting estimates are indicative of a potential bias. evaluated the business rationale of any significant transactions: and where possible obtained direct confiMtion of balances independentty from the relevant party. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Because of the inherent limiiations of an audiL there is a risk that we will not d¢te¢t all irr¢gularitie4 including those leading to a material rnisstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and tran5a¢tiODS reflected in the financial ststements. as we will be less lik¢]y to become aware of instan¢¢s of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than em)r. &8 fraud involves Intentlonal conceaJmenL forgery. Collusio omission or misrepresentation. Page 9
South Antrim Community Trnnsport Independent Audtt08 Report to the Members of South Antrim Community TraDSPOrt Use of our report Thi$ report is made solely to the ¢haTitable ¢ompany¥ trustees, as a body, in ac¢ordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the ¢harity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pern]itted by law, we do not accept or assume responsibility to anyone other than the Charitable company and its trustees as a body. for our audit worK for this repo¢ or for the opinions we have fornd. Barry Millar (Senior Statutory Auditor) For and on behalf of TB Millar & Co. Statutory Auditor 6 Doagh Road Ballyclare Co Antrim BT39 9BG 25 May 2023 Page 10