RICHHILL PRESBYfERIAN CHURCH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF RICHHILL PRESBYfERIAN CHURCH Opinion We have audited the financial ststements of Richhill Presbyterian Church (the 'charrty') for the year ended 31 December 2023 which comprise the statement of financi21 activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including signfficant accounting policies. The financial reporting framework thal has been applied in their preparation is applicable law and Unrted Ffjngdom Accounting Standards. including Financlal ReportÈng Standard 102 The Financial Repothng Standard applicable in the UK and Republi¢ of Ireland (United Kingdom GeneraltyApted Accounting Practi). In our opinion, the financial statements: give a true and fair view of the state of the chariws affairs as at 31 December 2023 and of its incoming resources and application of resources, for the year then ended" have been property prepared in aC£Ordan with United Kingdom Generally Accepted Accounting practi., and have been prepared in accordance with the requirements of the Charities Act (Northem Ireland) 2008 and regulation 8 of the Charities (Accounts and Reports) Regulations (Northem Ireland) 2015. Basis for opinion We conducted our audit in accordance with Intemational Stsndards on Auditing (UK} (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs respOn'bilitieS for the audit of the financial statements section of our report. We are independent of the charty in accordance with the ethical requirements that are relevant to our audit of kne financial statements in the UK, induding the FRQS Ethical Stsndard. and we have fuffilled our other ethical responsibilibes in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going ¢oncern In auditing the finanaal statements, we have concluded that the trustees. use of the going concem basis of accounts.ng in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have not identif1 any matertal uncertainties relating to evenls or condits.ons that, individually or collectivety. may cast 5igniFicant doubt on the charity's ability to rnntinue as a going concern for a period of at least tsvelve months from when the financial statements are authorised for issue. Our SPonSibl11tieS and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report.
RICHHILL PRESBYTERIAN CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RICHHILL PRESBYfERIAN CHURCH other infomatlon The other information comprises the information included in the annual report other than the finarcial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial ststements does not cover the other infomiation and we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the olher infomation and, in doing so, consider whether the other infomiation is materially inconsistent wth the finanual statements or our knowledge obtained in the cour58 of the audit. or otherwise appeats to be materially misstaled. If we identify such materkal inconsistencies or apparent material misstalemenls. we are required lo determine whether this gives rise lo a materol misslalement in the financial statements themselves. If, based on the work we have pgrformed. we conclude Ihal there is a material misstatement of this other infomiation. we are requi to report that faci. We have nothing to report in Ihis regard. Matters on which we are requlred to report by exception We have nothing to report in respect of the folbwing matters in reLation to which the Charities (Accounts and Reports) Regulations {Northem Ireland) 2015 requi us to report to you rf, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the Irustees. report., or sufficient accounting records have not been kept", or the financial statemènts are not in agreement wth the ac¢ounting records.. or we have not received all the infomation and explanations we require for our audit. Responsibilltles of trustees As explained more fully in Ihe statement of trustees. responsibilities. the trvstees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material rnisstatemenl, whether due to fraud or error. In preparing the financial statements, the Iwstees are responsible for assessing the charity's ability to 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 cease (perations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appoinled as auditor under section 65121 of the Charities Act (Northem Ireland) 2008 and report in accordance with regulations made under section 66 of that Act. Our objectives are to obtain reasonable assuran¢e about whether the financial stalements as a whole are fe from malerial misstatement. whether due to fraud or error. and to issue an auditor's report thal includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstalement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
RICHHILL PRESBYTERIAN CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RICHHILL PRESBYfERIAN CHURCH Irregularities. including fraud. are InStanS of non-complian with laws and regulations. We design procedures in line with our responsibilibes, outlined above. to detect material misststements in respect of irregulartties. induding fraud. The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below. Extent to which the audit was considered capable of detecting irregularilies. including fraud We identify and assess the risks of material misststement of the financial statements. whether due to fraud or error, and then design and perfom audit procedures responsive to those risks, including obtaining audtt evidence that is SLrfficient and appropriate to provide a basis for our opinion. In identifying and assessing potential risks of material misstatement in respect of irregularitie& including fraud and non-compliances with laws and regulations, we considered the folk)wing: The nature of the industry and sector. control environment and business perfomiance, includin9 the charity's remuneration policie5 for management committee, bonus levels and performance targets, 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 charitys d0mentatiOn of their policies and procedures retating to: Identsfying, evaluating and mplng with laws and regulations and whether they were aware of any instance of non-complian.. Detecting and responding to the risks of fraud and vthether they have knowledge of any actual, suspected or alleged fraud". and The intemal controls established to mitigate risks of fraud or non-compliance with laws and regulations; The matters discussed among Ihe audit engagement team regarding how and where fraud might oc¢ur in the financial statements and potential indicators of fraud. As a result of these produre$, we considered the opportunrties and incentives that may exist within the charity for fraud and identified the greatest potential for fraud in income recognibon. In common with all audits under ISAS {UK}, we are also required to perform specific Procedu to resp)nd to the rksk 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 deternination of malerial amounts and disclosures in the financial ststements. The key laws and regulations we considered in this context included Ihe Charities Act (Northem 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 vthich may be fijndamental to the charitys abilty to operate or to avoid a material penalty. 10-
RICHHILL PRESBYTERIAN CHURCH INDEPENDENT AUDITOR'S REPORT {CONTINUED> TO THE TRUSTEES OF RICHHILL PRESBYTERIAN CHURCH Audlt responso to rlsks identitled Our procedures to respond to the risks identtfied included the followng: Reviewing the financial slatement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements- Enquiring of management con¢eming actual and potential litigation and claims: Performing analy1icAI procedures to identfy any unusual or unexpected relationships that may indicate risks of material misstatemenl due to fraud: Reading minutes of meetings of those charged with govemance and reviewing coffespondence with tax authorities- and In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjuslmenls. assessing whether the judgemenls made in making accounting estimates are indicative of a potential bias-. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. 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 noTrcompliance with laws and regulations throughout the audit. Owing to the inherent limitations of an audit. there is an unavoidable risk thal we may not have detected some malerial misstatements in the financial statemenls, even Ihough we have properly planned and perfomied our audit in accordance with auditing standards. In addition. as wilh any audit, there remains a higher risk of non-delection of irregularities, as they may involve collusion. forgery. intentional omissions. misrepresentations. LY the override of intemal controls. We are not responsible for preventin9 norpcompliance and cannot be expected to detect non- compliance with all laws and regulations. A fL¢rther description of our responsibilities is available on the Financial Reporting Coun1,$ website at.. https:11 ww.frc.org.ukl8uditorsresponsibilities. This description foms part of our auditorfs report. 11
RICHHILL PRESBYfERIAN CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RICHHILL PRESBYfERIAN CHURCH Use of our report This report is made solely to the chartvs trustees. as a body. in a¢¢ordance Yth Part 4 of the Charibes (Accounts and Reports) Regulations (Northem Ireland) 2015. Qur audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors rewrt and for no other purF)ose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charitys trustees as a body for our audtt work, for this repo¢ or for the opinions we have fonned. t+kZ Mr Stephen Houston FCA (Senior Statutory Audvtor) for and on behalf of GMCG PORTADOWN Chartered Accountants Statutory Auditor 17 Mandeville Street Portadovm Craigavon Co Amiagh BT62 3PB 12-