PLAYBOARD NORTHERN IRELAND Company Llmited by Guarantee Financial Statements Year Ended 31 March 2024 Company No.. N1030225 Charity No.- NIC104724
PLAYBOARD NORTHERN IRELAND Company Limited by Guarantee Table of Contents Year Ended 31 March 2024 Page Company Information Report of Ihe Trustees Independent Auditors Report lo the members 17 statement of Financial Activities 20 Balance Sheet 21 Cash flow stalemenl 22 Notes to the Financial Statements 23-29
PLAYBOARD NORTHERN IRELAND Company Limited by Guarantee INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PLAYBOARD NORTHERN IRELAND Year Ended 31 March 2024 Opinion We have audited the financial statements of Playboard Northern Ireland Ilhe 'charilable company) for the year ended 31 March 2024 which comprises the Statement of Financial Aclivilies. the Balance Sheet, the statement of cashflow and the notes lo the accounts, 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 Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Praclicel. In our opinion the accounts.. give a true and fair view of the state of the charitable companvs affairs as at year ended 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended: have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International 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 accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit 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 audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclu$ions relating to going concern In auditing the financial slalernenls, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable companls ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with sPeCt to going 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 accounts and our auditor's report Ihereon. The Trustees are responsible for the other information. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any fom of assurance conclusion thereon. In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounls or our knowledge obtained in the audit or olhetwise appear5 to be rnaterially misslaled. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether 17
PLAYBOARD NORTHERN IRELAND Company Limited by Guarantee INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PLAYBOARD NORTHERN IRELAND Year Ended 31 March 2024 there is a material misstaternent in the accounts or a rnaterial misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Oplnions on other matters pScrIbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Trustees Report for the financial year for which the accounts are prepared is consistent with the accounts- and - th8 Trustees Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to port by exception In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees Report. We have nothing lo report in SpeCt of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kepl, or returns adequate for our audit have not been received from branches not visited by us., or the accounts are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilities of TTUStees As explained more fully in the Statement of Trustees Responsibilities. the Trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view. and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement. whether due to fraud or error. In preparing the accounts, the Trustees are responsible for assessing the charity's ability lo continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the company or to cease operations, or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the accounts 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 ISAS IUKI will always detect a material misslalemenl when il exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected ta influence the economic decisions of users taken on the basis of these accounts. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below. 18
PLAYBOARD NORTHERN IRELAND Company Limited by Guarantee INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PLAYBOARD NORTHERN IRELAND Year Ended 31 March 2024 We obtained an understanding of the legal and regulatory framework applicable to the company through enquiry of management, industry research and the application of cumulative audit knowledge. We identified the following principal laws and regulations relevant to the company- Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}. We developed an understanding of the key fraud risks to the entity (including how fraud might occur),the controls in place to help mitigate those risks, and the accounts, balances and disclosures within the financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financial statements for significant accounting estimates, analysis of journal entries, walkthrough of the key controls cycles in place and enquiry of management. Our procedures to respond to those risks identified included, but were not limited to.. Enquiry of management, those charged with governance and the entity's solicitors around actual and potential litigation and claims. Enquiry of management to identify any instances of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governance. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at: http.'Ilwww.frc.org.uklauditorsresponsibilities. 'This description forms part of our auditor's report. This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, 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 charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed. Ccx Teresa Campbell (Senior Statutory Auditor) for and on behalf of FPM ACCOUNTANTS LTD Chartered Accountants & Statutory Auditor 1-3 Arthur Street Belfast Co Antrim BT14GA 2LILIL Date 19