CHARTRRED ACCOUNTANT8 LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LCC COMMUNITY TRUST Opinion We have audiled the financial stalements of LCC Communtty Trust (the 'charity'l for the year ended 31 March 2023 which comprise the statement of financial activities. the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The finanaal reporting framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepled Accounting Practice). In our opinion, Ihe finan￿81 statemenls= give a true and fair view of the state of the charitable companys affairs as at 31 March 2023 and of its incoming resources and application of resources, induding f(s income and expenditure, for the year then ended., have been properfy prepared in accordance with United Kingdom Generalty 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 Intemational 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 fin8nci81 statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audil 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 audil evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going Concern In auditing the financial statements. we have concluded that Ihe tru5tees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not idenlified any material uncertainties relating to events or condilions Ihal, individually or collectively, may cast signrficant doubt on the charrty's ability to continue as a going concern for a period of at least twelve rnonths from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITY TRUST Other information The other infomiation comprises the infomiation included in the trustees annual report other than the financial statements and our auditorfs 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 information and, except to the extent othetwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge oblained in the course of the audil, or otherwise appears to be materialty misstated. If we identify such material inconsislencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstalemenl in the financial statemenls Ihemselves. If, based on the work we have performed, we condude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matter5 prescribed 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 financial statements are prepared, which includes the directors. report prepared for the purposes of company law, is consistent with the financial statements., and the directors. report included within the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the kno￿edge and understanding of the chartty and its environment obtained in the course of the audit, we have not identified material misstatements in the directors. report included within the trustees, report. We have nothing to report in respect 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 kept. or retums adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and retums- 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-, or the trustees were nol enliued to prepare the financial statemenls in accordance with Ihe small companies regime and take advantage of the small companies, exernptions in preparing the trustees, report and from the requirement to prepare a slrategic report. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITY TRUST Responsibilities of trustees As explained more fully in the statemenl of trustees. responsibiltties. Ihe Irustees, who are also the directors of the charity for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied that they give a true and tsir view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mi5Staternent, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disdosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic allemative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether 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 Ihal an audil conducled in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstalements 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 stalements. Irregularilies, including fraud, are instances of non-complian￿ wtlh laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The exlenl to which our procedures are capable of detecling irregularities, including fraud, is delailed below. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITY TRUST Extent to which the audit was considered capable of detecting irregularities, including fraud We idenlify and assess the risks of material misstatement of the financial slatements. whether due to fraud or error, and then design and perform audit procedures responsive to those risks. induding obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In idenlifying and assessing potential risks of material misslatement in respect of irregularilies, including fraud and non-compllan￿S with laws and regulations. considered the following= The nature of the industry and sector, control environment and business performan￿, including the charitable company's remuneration policies for directors, bonus levels and performance targets, if any,. Results of our enquiries of management about their own identification and assessmenl of the risks of irregularities- Any matters we identified having obtained and reviewed the charitable company's documentation of their policies and procedures relating to.. Idenlifying, evaluating and comptying with laws and regulations and whether they were aware of any instance of non-compliance: Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud., and The internal controls estsblished to mitigate risks of fraud or non-compliance with laws and regulations., The matters discussed among the audit engagement team regarding how and where fraud mighl occur in the financial statements and potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the charitable company for fraud and idenlified Ihe greatesl potential for fraud in income recognition. In common with all audits under ISAS (UK). we are also required to perforn specific procedures to respond to the risk of management override. We also obtained an understanding of Ihe legal and regulatory frameworks that the company operales in, focusing on provisions of those laws and regulations that had a direct effect on the detemiination of material amounts and disclosures in the financial statemenls. The key laws and regulations we considered in this context included the Companies Act 2006, and local tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITY TRUST Audit response to risks identified Our procedures lo respond lo Ihe risks identified included the following= Reviewing the financial slalement disclosures and lesting io supporling documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial slatements- Enquiring of management concerning actual and potential litigation and daims., Performing analytical procedures to identify any unusual or unexpected relalionships that may indicate risks of material misstatement due to fraud.. Reading minutes of meetings of those charged with govemance and reviewing correspondence with tax aulhorilies., and In addressing the risk of fraud Ihrough management override of controls. testing the approprialeness of joumal entries and other adjustments., assessing whelher the judgements made in making accounting estimates are indicative of a potential bias., and evaluating the business rationale of any significant Iransaclions that are unusual or outside the nonnal course of business. We also communicated relevant identified lav￿ and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Owing to the inherent limitalions of an audtt, there is an unavoidable risk that we may nol have delecled some material misstatements in the financial statements, even though we have propedy planned and performed our audit in accordance with auditing standards. In addition, as wilh any audit, Ihere remains a higher risk of non-detection of irregularities, as they may involve collusion. forgery, intentional omissions. misrepresentations, or the override of inlernal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non- compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website at.. htlps.'Il www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditorfs report. Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293 CHARTRRED ACCOUNTANT8 LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITY TRUST Use of our 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 CompaniesAct 2006. Our audit work has been undertaken so that we might stale to the charitable company's members those matters we are required to state to them in an audiloffs report and for no olher purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed. Mr Stephen Houston FCA (Senior Statutory Auditor) for and on behalf of GMCG Lisburn 20 October 2023 Chartered Accountsnts Slatutory Auditor Century House 40 CreS￿nt Business Park Lisbum BT28 2GN 10- Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cen￿ry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293