THE SALIGHT FOUNDATION LIMITED INDEPENDENT AUDITORS REPORT TO THE MEMBERS OFTHE SALIGHT FOUNDATION LIMITED Opinion We have audited the financial statements of The Salight Foundation Limited for the year ended 31, December 2018, which ¢ompri5e the Statement of Financial Activities, Balance Sheet, Cash Flow and the related notes. The financial reportsllg framework that has been applied in their preparation is applicable law and Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2015)- (Charities SORP IFRS 102)). This report is made solely to the charitable company's directors, as a body. in accordance wilh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's directors those matters we are requir¢d to state to them in an auditor's report and for no other purpose. fo thc lIest ext¢nt permitied by law, we do not accept or assume rest>onsibility to anyone other than the chariiable company and its trustees as a body. for our audit work, for this report, or for the opinions we have formed. In our opinion the financial statements.. give a true and fair view of the State of the charitable company's affairs as at 3 Isi December 2018 and of its incoming resources and their application for the year then ended; have been properly prepar¢d in accordance with United Kingdotn Generally Accepted Accounting Practice- and have b¢¢n prepared in accordance with the requireTnents of the Companies Act 2006. Basis for opinio We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under ihose standards are further des¢ribed in the Auditor'5 responsibilities for the audit of the finaneial Statements section of our report. We are independent of the Company in accordance with the ethical requirements that ar¢ relevant to our audit of the financial Statements 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 to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS {UK) require us to report to you where.. the directors. use of the going ¢oncem basi5 of aCContIng in the preparatign of the financial statements is not appropriate. or the directors have not disclosed in the fInancial statements any identified material uncertaintle5 that rnay casi significant doubt about Company's ability to continue to adopi the going concern basi5 of accounting for a period of at least twelve months from the date when the financial statements are authoiised for issue. Other information The direaors are responsible for rhe other inforniation. The other information comprises the information included in the annual Teport. other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, excepi to the extent oth¢rwise explicitly stated in our report. we do not ¢xpress any fonn of assurance conclusion thereon. In connection with our audit of the financial statement5, our responsibility is to read the other information and, in doing so. consider whether ihe other infomiation is materially inconsistent with the financial ststements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inctsnsistencies or apparent material misstatements, we are required to detem]ine whether there is a Tnaterial misstaiement in the financial statements or a material misstatement of th¢ other inforniation. If, based on the work we have perfonned. we con¢lude that there is a material misstatement of thi5 other infomiation, we are required to report that fact. We have nothing to report in this reLFard.
THE SALIGHT FOUNDATION LIMITED INDEPENDENT AUDITORS REPORT (evnlinued) Opinions on other Matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.- the inforniation given in the director5, report for the financial year for whi¢h the financial statements are prepared is consistent with the financial stat¢ments- and the directors, report has been prepared in accordance with applicable legal requir¢ments. Matters on whieh we are required to report by exception In the light of the knoi¥ledge and understanding of Company and its environment obtained in the course of the audit, we have not identified material misstaiements in the directors, report. We have nothing to report in respect of the followEng matter5 in relation to which the Companies Act 2006 requires Us to report to you if, in our opinion.. adequaie accounting records have not been kept by the Company, or returns adequate forouraudit hav¢ Dot been received froTn branches noi visited by us. or the financial statements ar¢ not in agreeTnent with the accounting records and retums. or certain disclosures of directors, remunerdtion specified by law are not made; or we have not received all the information and explanation5 we require for our audit.. or the director5 w¢r¢ not entitled to prepare the financial statements in cOrdanCe with the small companies regirne and take advantage of the small companies. exemptions in preparing the dir¢¢tors' report and from the requirernent to prepare a strategi¢ report. Responsibilities of directors As explalned more fully in ihe dir¢ctOTS' responsibilities statement set out on pages 3 - 4. the directors (who are klso the trustees of the charitable company) are responsible for the preparation of the financial statements and for bein¥ sat15fied that they give a true and fair view, and for such internal Control as the directors detemiine is necessary tu enable the preparation of financial statements that are free from material misstatement, whether due io fraud or error. In preparing the financial statements. the directors are responsible for assessing Company's ability to continue as a going concern, disclosing, as applicable. matter5 related to going toncem and using the goinbT conccrn basis of accounting unless the directors either int¢nd to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
THE SALIGHT FOUNDATION LIMITED INDEPENDENT AUDITORS REPORT (collilnued) Auditor's re5pon5ibilitTe5 for the audil oftht finaneial statements Our objeciives are to obtain reasonable assurance about whether the financial statements as a whole are free from Tnaterial 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 (UK} will always detect a material Tlli55taternent when it exists. Misstatements can arise from fraud or error and arc considered mat¢rial 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. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain prole55ional scepticism throughout the audit. We also= Identify and asse5S the risks of material mi55tatement of the financial ststements, whether due to fraud or error. design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting frorn error, as fraud may involve collusion, forgery, intentional omissions, misrepresenEation5, or the override of inteTnal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purkX)se of expressing an opinion on the effectiveness of the Company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of aceounting estirnates and related disclosures made by the directors. Conclude on the appropriateness of ihe directors. use of the going concern basis of accounting and. based on the audit evidence obtained, wh¢ther a material uncertainty exists related to events or conditions that may cast Significant doubl on the CoTnpany's ability to continue as a going concern. If we conclude Ihat a material uncertainty exists, we are required to diaw attention in our auditor's report to the related disclosures in the financial sratements or. if such disclosures are inadequate, to tnodify our opinion. Our conclusions are based on the audit evidence obtained up to ihe date of our auditor's report. However, future events or eonditions may cause the Company io cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements. including the disclosures. and whether the financial statements represeni the underlying transactlolls and events in a manner that achieves fair presentation. We communicate with those charged with governanee regarding, among other matters, the planned scope and timing of the dudit and significant audit finding5, including any signific211t deficiencies in internal control that we identify during our audit. Peter Stevenson Senior 8tatutory Auditor For and on behalf of.. Stevenson and Wilson Chartered Accountants 22- 30 Broadway Avenue, Ballymena, BT43 7AA. 26 June2019