South Antrim Community Transport Independent Auditor's Report to the Members of South Antrim Community Transport Opinion W¢ have audited the fjnanciaR ststements of South Antrim Conmiunity Transport (the 'charity) for the year ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Shee¢ statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied ill their preparation is United Kingdom Accounting Stalldards, ¢omprising Cknities SORP - FRS 102 The Financial Reporting Standard appli¢able in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practtre). In our opinion tbe fjllancial statements". giv¢ a true and fair view of the stats of the charity's affairs as at 31 Mar¢h 2024 and of its r¢sults for the year then ended. have be¢n property prepared in accordance with Unitsd Kingdom G¢nerally Accepted Accouuting Practic¢. have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)} and applicable law. Our responsÈbilities under thos¢ standards are fillther descnbed in the auditor responsibilities for the audit of the financial statem¢nts section of our report. We are independent of the charty in accordance with the ethical requirnents that are relevant to our audit of the fjnancial stat¢ments in tbe UK including the FRC'S Ethical Standar¢ and the provisions available for small entities, in th¢ cir¢wnstances set out in note to the f￿ancIal statements, and we have fillfill¢d our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we bave obtained As sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the fumncial statements, we have Concluded that the trustees use of the going concern basis of accounting in th¢ preparation of the fmancial statements is appropriate. Based on th¢ wo￿[ we have perfonned, we have not identified ally material uncertainties relating to events or conditions tha¢ individually or collectivety, may cast significant doubt on tbe charitys ability to continue as a going concern for a period of at Ieast twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with resp¢ct to going concern are deScri￿ed in the relevant sections of this report. Other information The trustees are responsible for the other infornMtioL The otheT ijrforniation ¢omprises the infornMtion included in the amiual report, other t1￿1 the fjnancial ststements and our auditor's report thereon. Our opinion on the financial statements does not cover the other ￿￿orn)atiOll and, except to th¢ extent otherwise explicitly stated in our report, we do not express any f<)rni of assurance conclusion thereon. In connection with our audit of the financt81 sktemeng our responsibility is to read the other infOrn￿tIon an in doing so, consider whether the other infOrn￿tIon is materially inconsistent WAth the flllancial statsments or our knowledge obtained in the audit or otherwise appears to be rnaterially misstated. If we identify su¢h ma*rial inconsistencies or apparent material misstatements, we are required to detemiine whether there is a lllaterial misstat¢ment in the fuiancial statements or a matsrial misstatement of th¢ other inforniation. If, based on the work we have performed, we conclude that theT¢ is a niaterial misstatem¢nt of this othex Inforn￿tI0n, we are required to report that fact. We have nothing to Teport in this regard. Page 7 South Alltrim Community Transport Independent Auditor's Report to the Members of South Antrim Community Transport Opinion on other matter prescribed by the Compallles Act 2006 In our Opinio￿ b￿ed on the work und¢rtaken in the ¢ourse of the audit: the Éllforniation given in the Thistees, Report for the financial year for which the fllwAcial statements are prepared is consistent with the fmanckal statements. and the Trustees, Report has been prqi8red in accordance with applicable legal requirements, Matters on which w¢ are required to report by exception In the light of our kllowledge and und¢rstanding of the charity its environment obtained in th¢ cours¢ of the audit we have not identified n]ateri￿ misstafrments in th¢ Tntstses, ReporL We have noth￿￿ 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 kept, or retwns adequate for our audit have not been received from branches not visited by us. or the fuiaucial statements are not in agreement with the ac¢oullting records and rekn. or certain dis¢losuTes of trustees remuneration specified by law are not made. or we have not r¢¢eived all the infornation alld explanations we AEquire for our audiL Responsibllities of trustees As explained more fi￿Y in the Statement of Trustses, Responsibilities (set out on page 6), the t￿￿teeS are responsible for the preparation of the financial statements and for being satisfAed that they give a true and fair view, and for such internal control as the lrnst¢¢s detennine is necessary to ¢nable the preparation of fnwicial statements that are free from material misstatemenL whether due to fraud or etror. In preparing the fLnancial statements, the trnstees are responsible for assessing the charity's ability to continue as a going concens disclosin& as applicabl¢, matters related to going concem and using the going ¢oncern basis of accounting unless the trustees either intend to liquidate the charity or to C¢￿ operations, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the f￿ancial ststements Our objectives are to obtain reasonable assurance about whether the fmancial ststements as a whole are free from material misstatem¢nL wh¢ther due to fraud or ettor, and to issue an auditor's report that includes our opinion. Reasonable assurance is a bigh level of &ssurance, but is not a guarantee that an audit Conducted in accordance with ISAS (UK) will always detsct a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material 1£ individually or the aggtegate, they could r¢asonably be expect¢d to induence the economic decisions of users tak¢n on the basis of these fmancial statements. The ex1ent to which 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 Community Transport We considered the opportunities and incentives that may exist wAthin the Chajity for fraud and Identified tbe greatest potential for fraud in r¢lalion to revenue recognition and pa￿ellt of atnowlts from th¢ Ch￿lty. common with all audits und¢r ISAS (UK), we are also required to perform specific procedures to respond to the risk of management OVe￿Ide. We also obtained arA unikr5tanding of the l¢gaE and regulatory framewo￿ that the Charity opeTates in, focusing on provisÉons of those tsws and regulations that bad a direet effect on the detennination of material awounts and disclosures in the financial stafrments. The key laws and regul&ions we considered in this context included Companies Act 2006, Charities Act (NI) 2008 and guidance provided by the Charity Commission for NO￿ern Ireland. Jn addrtion, we Considered provisions of relevant laws and regulations that do not have a direct effect on the flliancial statements but ¢omplian¢e with which may be fiwdamental to the Charity's ability to operats or to avoid a mat¢rial penalty. Our procedures to respond to risks identified included the following.. - Teviewing the financial statetnent disclosures and testing to supporting documentation to assess compltance with provisions of relevant laws and regulations d¢scnl)ed as baving a direct effect on the fmancial thtements" - enquirAng of m&nag¢ment regarding actu￿ and potential litigation and claims. - perfonning analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraucL' - reading minutes of meetings of thos¢ Charged with governance and reviewing regulatory correspondence with the CharAty Commission for Nortbern Ireland; - in ad(tressing the risk of fraud through nwAag¢ment override of controls we, tested the appropriateness of journal entries and other adjustments" ￿eSSed whether the judgements ll￿de in making accoiillting ¢stimates are indicative of a potential bias. evaluated the business rationale of any significant transactions. and where possible obtained direct confinnatAon of balances independently from the relevant party. We also communicated relevant identified laws and regulations and potsntial fraud risks to all engagement team memb¢rs, and renkined alert to arAy indications of fraud or non-compliance with laws and Tegulattons throughout the audit. Becaus¢ of the FDh¢rent limitations of an audi¢ there is a risk that we will not detect all irregularities, including those leading to a ll￿￿rEal misstatement in the fmancial statements or non-conwIi8nc¢ with regulatioL This risk increas¢s the more that compliallc¢ with a law or regulation is removed from th¢ events and transactions flected in the financial statements, a5 we will be less lll