CHARTRRED ACCOUNTANT8 ROSARIO YOUTH CENTRE INDEPENDENT AUDITOR'S REPORT TO THE MANAGEMENT cOMMI￿EE OF ROSARIO YOUTH CENTRE Opinion We have audited the financial statements of Rosario Youth cent￿ (the 'charTty') for the year ended 31 March 2023 which comprise the statement of financial activtties. the statement of financial posrtion and the notes to the financial statemenls, induding 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 Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, Ihe finan￿81 statemenls= give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming reSoUr￿S and application of resources, for the year then ended- have been property prepared in accordan￿ with United Kingdom Generalty Accepted Accounting Practice., and have been prepared in accordance wth the requirements of the Charities Act (Northem Ireland) 2008 and regulation 8 of the Chariiies (Accounts and Reports} Regulations (Northem Ireland) 2015. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing {UK) (ISAS (UKI} and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the fin8nci81 statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audil of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audil evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going Concern In auditing the financial statements. we have concluded that the management committee use of Ihe going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not idenlified any material uncertainties relating to events or condilions Ihal, individually or collectively, may cast signrficant doubt on the charrty's ability to continue as a going concern for a period of at least twelve rnonths from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the management committee with respect to going concem are described in the relevant sections of this report. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 ROSARIO YOUTH CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT cOMMI￿EE OF ROSARIO YOUTH CENTRE Other information The other information comprises the infomialion included in the annual ￿port other than the financial stalements and our auditor's report thereon. The management committee are responsible for the other information contained wilhin the annual report. Our opinion on Ihe financial statements does not cover the olher information and we do nol expres5 any form of assurance conclusion thereon. Our responsibiltty 15 to read the other information and, in doing so, consider whether the other information is materialty inconsistent with the financial statements or our knowledge obtained in the course of Ihe audit, or otherwise appears to be materially misstaled. If we identify such malerial inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misslatement in Ihe financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing io report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charitie5 (Accounts and Reports) Regulations (Northem Ireland) 2015 require us to report to you rf, in our opinion= the information given in the financial statements is inconsistent in any material respect with the management committee report., or sufficient accounting records have not been kept.. or the financial statements are not in agreement with the accounting records., or we have not received all the infomation and explanations we require for our audit. Responsibilities of management Committee As explained more fully in the statement of management committee responsibilities, the management committee are responsible for Ihe preparation of the financial statements and for being satisfied that Ihey give a Irue and fair view, and for such intemal control as the management committee determine is necessary to enable the preparation of financial stalemenls that are free from material misststement, whether due to fraud or error. In preparing the financial slatemenls, the management commtllee are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related to going con￿rn and using the going concern basis of accounting unless the management committee either intend to ￿ase operations, or have no realistic altemalive bul to do so. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 ROSARIO YOUTH CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT cOMMI￿EE OF ROSARIO YOUTH CENTRE Auditor's responsibilities for the audit of the financial statements We have been appointed as audilor under seclion 6512) of the Chartlies Acl (Northem Ireland) 2008 and report in accordan￿ with regulations made under section 66 of that Act. Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee Ihal an audil conducled in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonabty be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularilies, including fraud, are instances of non-compliance wtlh laws and regulalions. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The exlent lo which our procedures are capable of detecting irregulartties. including fraud, is detailed below. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 ROSARIO YOUTH CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT cOMMI￿EE OF ROSARIO YOUTH CENTRE Extent to which the audit was considered capable of detecting irregularities, including fraud We idenlify and assess the risks of material misstatement of the financial slatements. whether due to fraud or error, and then design and perform audit procedures responsive to those risks. induding obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In idenlifying and assessing potential risks of material misslatement in respect of irregularilies, including fraud and non-compllan￿S with laws and regulations. considered the following= The nature of the industry and sector, control environment and business performan￿, induding the charity's remuneration policies for management committee, bonus levels and performance tsrgets, if any,. Results of our enquiries of management about their own identification and assessment of the risks of irregularities- Any matters we identified having obtained and reviewed the chartty's documentation of their policies and prO￿dureS relating to.. Idenlifying, evaluating and comptying with laws and regulations and whether they were aware of any instance of non-compliance: Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud., and The internal controls estsblished to mitigate risks of fraud or non-compliance with laws and regulations., The matters discussed among the audit engagement team regarding how and where fraud mighl occur in the financial statements and potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the charity for fraud and idenlified the greatesl potential for fraud in income recognition. In common with all audils under ISAS IUKI, we are also required to perfonn specrfic prO￿dureS 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 regulalions that had a direct effecl on the deleminalion of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Charities Acl (Northern Ireland) 2008. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial Statements but compliance with which may be fijndamental to the charity's ability to operate or to avoid a material penalty. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 ROSARIO YOUTH CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT cOMMI￿EE OF ROSARIO YOUTH CENTRE Audit response to risks identified Our procedures lo respond lo Ihe risks identified included the following= Reviewing the financial slalement disclosures and lesting io supporling documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial slatements- Enquiring of management concerning actual and potential litigation and daims., Performing analytical procedures to identify any unusual or unexpected relalionships that may indicate risks of material misstatement due to fraud.. Reading minutes of meetings of those charged with govemance and reviewing correspondence with tax aulhorilies., and In addressing the risk of fraud Ihrough management override of controls. testing the approprialeness of joumal entries and other adjustments., assessing whelher the judgements made in making accounting estimates are indicative of a potential bias., and evaluating the business rationale of any significant Iransaclions that are unusual or outside the nonnal course of business. We also communicated relevant identified lav￿ 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. Owing to the inherent limitalions of an audtt, there is an unavoidable risk that we may nol have delecled some material misstatements in the financial statements, even though we have propedy planned and performed our audit in accordance with auditing standards. In addition, as wilh any audit, Ihere remains a higher risk of non-detection of irregularities, as they may involve collusion. forgery, intentional omissions. misrepresentations, or the override of inlernal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non- compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website at.. htlps.'Il www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditorfs report. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 ROSARIO YOUTH CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT cOMMI￿EE OF ROSARIO YOUTH CENTRE Use of our report This report is made solely to the charity's management committee. as a body. in accordance wilh Part 4 of the Charities (Accounts and Reports) Regulations {Northem Ireland) 2015. Our audrt work has been undertaken so that we might slate lo the charity's Iruslees those matters we are required to stale to them in an audito¢s report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work. for this report. or for the opinions we have fomied. GMCG LISBURN 21 November 2023 Chartered Accountsnts Statutory Auditor Century House 40 Crescent Business Park Lisbum BT28 2GN 10- Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293