THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND Oplnlon We have audited the finanaal statements of The Cornmunty Foundation for Northern Ireland {the 'Charity') for the year ended 31 March 2024 which comprise the statement of financial ath'vibes, the statement of financial position. the statement of cash flows and notes to the financial ststement5. including Slgnrfant accounb'ng policbes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Reporting Standard 102 The Financial Reporting Standartl applicable in the UK and Republic of Ireland (United Kingdom Generalty Accepted Accounting Practice). In our opinion. the finanoal st*ements: give a true and fair view of the stste of the charity's affair5 as at 31 March 2024 and of its incomirvJ resources and application of resources. for the year then ended". have been property prepared in accordance with United Kingdom Generally Accepted AGo)unting Practice., and have been prepared in accordance with the requirements of the Charits"es Act (Nl) 2008. Basls for opinion We conducted our audit in a¢¢ordance International Standards on Auditing (UK) (ISAS {UKII and applicab5e law. Our responsibilities under those standards are further described in the Auditorfs spOnsIbl1rt1eS for the audit ol the 17nancial statements section of our report. INe are independent of the Charity in accordan with the ethical requirements that are relevant to 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 V have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng Goncern In auditing the financial statements. Y have conduded that the Trustees. use of the going conrn basis of accounting in the Preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the Charitys abilty to continue as a going concern for a period of at least twelve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the Trustees Vth respert to going concem are described in the relevant sections of this report. Other Inforniation The other infomation comprises the infomiation induded in the annual report other than the financial statements and our auditorfs report thereon. The Trustees are respsIble for the other infoThation contsined within the annual report. Our opinion on the financial statements does not cover the other infomiation and we do not expres5 any fomi of assuran conclusion thereon. Our re5ponsibilty is to read the other infrjmiation and. in doing so. consider whether the other informatr'on is materially inconsistent with the financial statements or our knovledge obtained in the course of the audit. or othemse appears to be materialty misststed. If we identify such material inconsistencies or apparenl material misststements, we are required to detemine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied. we Gondude that there is a material misstatement of this other infomiation. we are required to report that fact. We have nothing to report in this regard.
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND Matters on whlch we are required to report by exception We have nothing lo report in respect of the followng matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf. in our opinion.. the infomiation given in the ffinanoal statements is inconsistent in any material respert with the Trustees, report-, or suffiaent accounting recor(Is have rKrt been kept" or the financial statements are not in agreement with the accounting cOrds,. or we have not received all the information and explanab'ons we require for our audit. Re$ponslbilities of Trustees As explained more fulty in the statement of Trustees. responsibilities, the Trustees are responsible for th8 preparation of the financial statements and for being satisfied that they give a true and tsir view, and for such internal control as the TNstees detemine is neSSary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Trustees are sponsible for assessing the Charity's ability to continue as a going concem, disdosing, as applicable. matters related to going concem and using the going concem basis of accounting unless the Trustees either intend to cease operations, or have no realistic altematpie I1 to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a vkbole are free from material misststement, Thther 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 that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement vthen 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 irffluence the economic deosions of users tsken on the basis of these finanaal statwnents. Our objects'ves a to obtain reasonable assurance about wt)ether the financial statements as a vthole are free from material misstalement, whether due to fraud or error, and to issue an audrtorfs report that includes our opinion. Reasonable assurance is a high level of assurance bLrt is not a guarantee that an audit conducted in accordance wth ISAS (UK) wll 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 reasonably be expected to influence the economic deasions of user5 taken on the basis of these financAal statements. 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 vthich our pr¢xedures are capable of detecting irregularities. induding fraud, is detailed below.
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND Our approach to identifying and assessing the risks of material misstatement in respect of irregularib'es, including fraud and non-compliance with lavrs and regulations, was as follows" the engagement partner ensured that the engagement team collethvely had the appropriate competence. capabilities and skills to identify or re¢ognise non-compliance with applicable laws and regulations. we identified the laws and regulations applicable to Ihe company through discussions with directors andlor senior management. and from our ¢ommeraal knowledge and experients of the sector,. We focused on speafic laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, induding Companies Act 2006. taxation legislation. dats protection. anti-bribery, employment, environmental and health and safety legislation V assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularfy and the team remained alert to instsnces of non-compliance throughout the audrt. We assessed the susrEptibilty of the CoMpanS finanaal statements to material misstatement, including obtaining an understanding of how fraud might OCCAJr. by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual. suspected and alleged fraud: and ¢onsidering the intemal controls in place to mitigate risks of fraud and norpcompliance with laws and regulations., To address the risk of fraud through rnanagement bias and override of controls, . performed analytical PredureS to identify any unusual or unexpected relationships,. tested joumal entries to identity unusual transa¢liorts". assessed whether judgements and assumptions made in detemiining the accounting estimates set out in Note 2 were indicative of potential bias,. and invesb'gated the rationale behind significant or unusual transacti<)ns; In response to the risk of irregularities and nonacompliarice WTth laws and regulations. we designed procedures which included. but were not limited to.. agreeing financial statement disclosures to underfwng supp"ng documentation; reading the minutes of meetings of those charged viith governance" enquiring of management as to actual and potential litigation and claims,. and reviewing Corresponden with HMRC and the company's legal advisors.. There are inherent limitations in our audtt prOdre$ described above. The mcffe removed that lay and regulations are from financial transactions. less likely it is that we would become aware of non-compliance. Audttsng standards also limit the audit PredureS required to bdenttfy non-compliance Vth laws and regulations to enquiry of the directors and other management and the inspecb'on of regulatory and legal corresponden. if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate ¢on¢ealment or collusion. 10-
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND Use of our report This report is made sdely to the CoMpanS members, as a body. in aCCdare with section 65 of the Charities Act (NI) 2008. Our audit has been undertaken so that we might state to the companws members those matters we are reqLJired to state to them in an auditorfs report and for no other purpose. To the fiJllest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the company and the company's members as a boty. for our aLKlit wo, for this report. or for the w'nions we have formed. Angela C an {Senior Statuto Auditor) for and on behalf of Harbinson Mulholland Chartered Accountants Statutory Auditor Centrepoint 24 Omieau Avenue Belfast Co. Antrim Northem Ireland BT2 8HS 11