THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDrroRS' REPORTTO THE TRUSTEES OF THE COMMUNrrY FOUNDATION FOR NORTHERN IRELAND Opinlon We have audtted the accounts of The Community Foundaiion for Northem Ireland forthe year ended 31 March 2023 which comprise the Stalement of Financial Activities. Ihe Balance Sheet, the Statement of Cash Flows and the notes lo the accounts. including a summary of significant accounting policies. The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom Accounling Standards. includlng Financial Reporling Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United KÉngdom Generalty Accepted Accounting Practi). Oplnlon on Flnanclal Staternents In our opinion: the financial statemenls give a true and fair on the state of the charity's affairs as at 31 Marth 2023 and of its Incoming resources and applicalion of resources including its income and experllure for the year then ended., Ihe financial statements have been propety prepared in accordance with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP {FRS 102)). the Financial RepIng Slandard applicable in the UK and Republic of Ireland (FRS 102): proper accoUnng records have been kept by the tharfty throughout the period. Basis for opinion We conducted our audit in accordance wlth Internai)nal Standards on Auditrng (UK) (ISAS (UK)) and applicable law. Our responsibilities under those starK5ards a fvrther descnl)ed in Ihe Auditorfs responslbllllles for the audit of the accounts S8clion of our reporl We are independent of the charity in accordance wilh the ethical requirements that are relevant to our audit of the accounts in the UK. Inctuding the FRC'S Ethical standard. and we have fulfilled our other ethi¢xl responsibilities in accordan with these requirements. We b81ieve thal Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis forour opinion. Conclusions relating to going concern In auditing the financial statements. we have conduded that the Trustees. use of the going LyJncem basis of accounting In the preparation of the finandai statements is appropriate. Based on th8 Work we have perforrn8d. have not lden1rfd any material uncertainties relating to events or conditions thaL individualty or colleclivety. may cast sIgn7Th1 doubl on the charity's ability to continue as a going c(Incem for a period of at least twelve rnonths from when the financial statements are authorised for ISSU8. Our Tesponsibilitie5 and the reswnsibililies of the Twstees with respect to going concem are described in the relevant sections of this reporL Other information The Trustees are responsible for the other Inf0Mtion. The other Information comprlses the information included in Ihe annual report, other than the accounts arKJ our auditorfs report thereon. The Trustees are responsible for the other infomation. Our opinion on the a(y))unts does not cover the other infomation and. except to the extent otherwise explic1Y stated in our reput. we do not express any fomi of assurance conclusion theTeon. In connection with our audlt of the accounts, our responsibllty is to read the other infomation and. in doing so, considerwhether the other infomiation is materialty inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materialiy misstated. If w8 idenlty such material inconsislenoes or apparent material misstatements. we are requlred to deiemine whelher there is a material misslatement in the accounts or a material misststement of the other infom)ation. If. ba5e(l on the work we have perfornied, we conclude that there is a material misslatement Df this other information. w8 are required to report thal fact. We have nothing to report in this regard. Pa8e16
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITORS, REPORTTO THE TRUSTEES OF THE COMMUNrrY FOUNDATION FOR NORTHERN IRELAND Matters on whlch V are requlred to report by exceptlon We have nothing to report in respect of the folloving matters where legislation requires us to report to you if, in our opinion: the infomiation 9tV8n in the Truste8s' Annual Report is inconsistent in any malerial respeca with th8 rsnanaal statements: or SLJfficienl accounting records have rb)t been kepL" 01 the financk31 statements are nol in agreement wtth the accounting records and retums., or we have not received all the information and explanations we require for our audit. Responsibilities of Trustee5 As explained more fulty in the Slaternent of Truslees, RespDnsibiliti8S. the Trustees, are responsible for the preparation of the acConts and for being satisfied Ihat they give a true and fair vtew, and for such inlemal control as the Truslees detemiine is ne¢essary to enable the preparalion of accounts that are free from material mi5Statem8nt, whether due to fraud or errw. In preparing the accounts. the Trustees are responsible for assessing the tharivs abilty to continue as a going conc8m. disclosing. as appfjcable. matters related Io going concem and using the going concem basis of aGcountlng unless the Twstees elther Iniend to wind up the charty or to ase okraOnS, or have no realisti¢ altemative but to do so. Audltor's responslbllltles for the audlt of the ftnanclal statements Our objectives are to obtain reasonable assurance about whether the acwunts 85 a whole are free from material misstatement, whether due to fraud or error. and Io issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assuran but is nol a guarnntee that an audit conducted in accordance with ISAS (UIQ will always detect a material misstatement when it exists. Misstatements can arise from fraud or emr and are considered material if, individually or in the aggregate, they could reasonably be expected to Influence the economlc deLaSlons of users taken on the basis of these accounts. Irr8gularities, including fraud. are instafflces of non-Q)mpliance wilh laws and regulations. Wè have desbgned procedures In Ilne with OUF iesponsibilitles. outlined aix)ve, lo detect matertal misslatemenls in SpeCt of irregularities. induding fraud. The extent to which oui procedures are capable of detecting irregularities. including fraud. is detailed below. Explanallon as to what extent the audit was considered Capable of detecting irregularities. including fraud The objectlves of our audit in respect of fraud. are to identify and assess the risks of rnalerial mlsstatement of the financial statements due to frdud". to oblain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud. through designing and implementing appropriate responses to those assessed risks: and to respond appropriate to inslances of Itaud or suspected fraud identified during the audit. However. the primary responsibiltty for the prevention arKI detection of fraud rests with both management and those charged with govemance of the charity- Our approath was as folk)ws: We oblalned an understanding of the legal and regulatory requirements applicable to the Charity and considered that the most signtfi¢3nt are Ihe Financial Reporbng Standard applicablg in the UK and Republi¢ of ITeland (FRS 102) {effective 1 January 2015) - (Charities SORP (FRS 102). Enquiry of managemenL those thaTged with govemance and the enlity's solicitors around actual and potential Ittigation and claims. Enqulry of entity Staff in Gompliance functlons to identfy any instanGes of any nonwcompllance with ws and regulations. Reviewing finanGial statement disclosures and lesling to supporbng documentation to assess compliance with applicable laws ar)d regulalions. Auditing the risk of management override of controls. including through testing joumal entries and other adjustments for appropriateness. and evaluaung the business rattonale of sIgnifan1 tranSaCtnS outside Ihe nom)al course of business. Page 17
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITORS, REPORTTO THE TRUSTEES OF THE COMMUNrrY FOUNDATION FOR NORTHERN IRELAND As part of an audit in accordance wilh ISAS {UK) we exercise professlonal judgement arml malntaln professional scepticism throughout the audiL We also: Identify and assess the ri5k5 of material misstatement of the financial statements, whetherdue to fraud or error. design and perform audit procedures resnsrwe to thosg risks. and obtain audit evidence that Is sufficient arKI appropriate to provide a basls for our oplnion. The risk of not detecting a material misstatement resulting fvom fraud higher IhaTr ft)r one resulting from erroT. as fraud may itwolve collusKJn, forgery. intentional omissions, misrepresentations. or the Oveide of intemal control. Obtaln an understsnding of Intemal control relan1 k) the audit in order to deslgn audit prowlures that a appropriate in the circumstances. but not for the purposes of expressing an opinion on Ihe effectiveness of Ihe charity's inlemal control. Evaluate the approprlateness of accounting p)lides used and the reasonableness of accounting estimates and related disclosures made by the Trustees. Conclude on the appropriateness of Ihe Tru5tees' use of the going concem ba51¥ of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the chartty's ability to continue as a going concem. Ir we ¢on¢lude that a material uncertainty exlsts. we are required to draw atteniTon in the auditor's report to the related disclosures in the finanoal slatements or. rf such disGIosufes are lfiadequate, to modify our opinion. Our condusions are based on the audit evidence obtsined up to the date of our auditorfs reporL However, future events or conditions may cause Ihe charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statemènts. including the disck)sures, and whether the financial statements present the undertying transa¢tions and events in a manner that achieves fair presenlation. A lurther descrlplon of our responsbi ifrties for the audlt of the accounts is Gated on the Flnancial RertIng Counal's website aL" htWJlwww.frc.org.uklauditorsresponsibilities. This descriplon forms part of our auditols reporL We communicate those tharged with g0Veman regarding. among other matters. the planned scope and tirning of the audit and significant findings, induding any signfficant deficiencies in intemal control that we idenllfy during our audit. U50 of our roport Our audlt work has been undertaken so Ihat we might stale to the charity's Membe those malters we are required to state to them in an auditors. report and for other purpose. To the lullest extent pemiitted by law. we do not accept or assume responsibilty to anyone other than the Charity arKI its m8mbers as a tdy, for our audit work. for this report. or for the oplnlons we have foTmed. Dated: £8 SEP•i IfLL Moore (N.I.} LLP Chartered Accountants & Registered Auditors Donegall House 7 Donegall Square North Belfast BTI 5GB Poge 18