Happy Days Community Childcare Centre Company Limited by Guarantee Independent Auditorfs Report to the Members of Happy Days Community Childcare Centre Year ended 31 March 2024 Opinion We have audited the financial statements of Happy Days Communty Childcare Centre (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial posrtion. statement of cash flows and the related notes, including a summary of signrficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generalty Accepted Accounting Practi￿). In our opinion the financial statements.. give a true and fair view of the state of the charty's affairs as at 31 March 2024 and of its incoming resources and application of resources. including its income and expendrture. for the year then ended. have been properfy prepared in accordance wrth United Kingdom Generally A¢￿pIed Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Basls for opinion We conducted our audit in accordance wrth Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditols responsibilities for the audit of the financial statements section of our report. We are independent of the charrty in accordance 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 we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attention to Note 3 in the financial statements, the Trustees, response to the financial resutis disclosed in their report which indicates that the company incurred £46.449 of expenditure in excess of income during the year ended 31 March 2024 and. as of that date. the company's current liabilities exceeded its total assets by £13,098. As stated in Note 3, these events or condit￿n$ indicate that a material uncertainty exists that may cast significant doubt on the company's ability lo continue as a going concem. Our opinion is not modffied in respect of this matter. Happy Days Community Childcare Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Happy Days Community Childcare Centre (¢ofttlnuedJ Year ended 31 March 2024 Other Information The other information comprises the information included in the annual report, other than the financial statements and our audrtor's report thereon. The trustees are responsible for the other infomiation. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report. we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other informalion. If, based on the work we have perfomied, we conclude 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. Opinlons on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit-. the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements- and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act (Northern Ireland} 2008 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns 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 returns., 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. Happy Days Community Childcare Centre Company Limited by Guarantee Independent Auditorfs Report to the Members of Happy Days Community Childcare Centre (continu Year ended 31 March 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company law) 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 misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charty's abilty to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so. -10- Happy Days Community Childcare Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Happy Days Community Childcare Centre (conunuedj Year ended 31 March 2024 Auditorfs responslbllitles 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 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 a￿ayS 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 decisions of users taken on the basis of these financial 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 rni5Statements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. The exlent to which the audit was considered capable of detecting irregularities including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. -the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identtfy or recognise non