L'ARCHE BELFAST CONTENTS OF THE FtNANCIAL STATEMENTS FOR THE YEAR EfmED 31 MARCH 2024 Pige Legal and Administrathre Information Report of the Dtrectors 2 to 5 Independent Audltors, Report 6 to 8 St*tsmeLt of Flnanelal Activities Balinc¢ Sheet 10 Ststement of c1105 li Notes to thè FSn2ncial Statements 12 to 25 The follow%ng pages do not form part Df the stalutory finan¢i2J statements 26 to 27 Det&lled Income and expend3tuTe account
INDEPETrIDENT At]DITORS' REPORT TO THE TrfEMBERS OF L'ARCHE BELFAST Opinton We have audited the fiDattciLI st&tements of L'Ayche Belfast (the 'charitsble compaIL) for the year ended 31 m¢ 2024 whi¢h compIisetbe Statement ofFinaDcial Activities. Balance Shee¢ Ststementof Coshfiows and note3 to the fmancial statements. including significant accounting poli¢ies. The fiuancial Teporting hamewoik that has been applied in theirpreparation is applicable law andUnit¢d KingdOmA0tillg Stsndards. incluthgFinallcial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Jreland, (United Kingdorn Generally AcceptedAccountillg Practice). Irk our opinion the financial statements-. giv¢ a true and fair view of tbe state of the ch&itsble company's affairs a5 at 31 MArGh 2024 8NI of its iticoming r¢sources and app]ication of resource5. including its Tncome Bnd expendititre. for tbe year then ended. Etave been propeTIypTepared in acci)rdatt¢e with United Killgdom GeDerallyAc¢epted Accounting Prn¢tice' and have been prepared in accoIdance witb tbe r4uirements of the Compatiies A¢t 2006. Basts for opi]Jion We conducted auditin aordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our Iesponsibilities w]der those $taDdards e fiuther described An the auditor responsibilities for the alldit of the financial ststsmeThts section of our report We are independent ofthe charitsble companyin cordanCe withthe etbical Iequiremellts that are relevLt Éo OUT audit of the fincial statements in the UK, incluithng the FRC'S Ethical Standar<L andwe have flllfed our Oth ethical responsibiliti¢5 in accordance with these requitements. We bolieve that th¢ audit evidence we h&ve obtained is sufficient and 4)propriate to provide a b&%is for our opinion. Conclu$Aons relating to going concer In allditiug tbe fancial statertLents. we have coucluded tbat the directors, use oeth¢ goxng concern basis of accouThting in the preparation of tbe financial statements is appropIiate. Based Dn the woik we have perfozme4 we have not identifi2d atLy material uncertainties latillg to events or conditions thal iDdividllolly or collethively, may cast sigDiEcant doubt on the charitable compangs ability to continue as a going con¢em for a period of at least ttvelve montbs from when the fJrLancial statenketsts #Te authorised for issue. OUT resporLsibilities aJd the responsibilities of the directors with respect to going concern 8Te described in the relevant sections of this report. Other infornxition The otknr infonnation comprises the infoTm¥ioD included in the ryort of tbe directors, other than the rcIal statements and our auditOTS' Ieport thereon. The directOT5 ate wonsi?le for tbe otTrLer illforntiOll contsiDed witbin the report of the director5. Our opinion on the financial ststemellts does not cover the other infornthtion anl except to the extent otherwise explicitly ststed in OUT report w¢ do not express any form of assurdnce ¢onclusion thereoll. Oux responsil)ility is to read the otherinfonnhtion an4 in doitig so, consider whether the other7nfornutionis materially inconsistent with tbe financial statsments OT our Icnowledge obtsined in tbe course of the audit or othetwise appears to be matcfi8j1ymite1l If we identifysuchmateriaiinconsistencics or apparentmaterirnjgst8tements. we aTe requir¢d to deterniine whether this gives Tise to a Dterial misstatenJerLt in the fillancia] statements themselves. If, based on the work we have perfornie(L we conclude that tbere is a material Tnisstatement of thig other InforntiO we ore required to Tep¢)rt that facL We have nothing to rwort iu this regard. Opin¥on on other matters prestribed by the Compallie$ Act 2006 Ill our Opinio bas¢d on the work undertaken in the course of ttLe allditr. the information given in the Teport of the directors for tbe fiDancial year foi which the finAlleial statements are Prepared is Gonsistent with tELe fJnan¢ial slatements; and the ieport of the directOT& has been pr¢paTed in accordance with applicable legal requiTrm¢ats. Page 6
IEPENDENT AUDITORS, REPORT TO TIIE MEMBERS OF LIARCHE BELFAST Matters on Ivhich Ive are required to report by cePtiOn In the light of the knowledge and uuderstanding of the chltable company and its enviroDrnent obtained in the COUTse of tbe audit. we have not identified nterial n]isstat¢ments in tbe report of the directors. We have notljing to report in respect of tbe following rnatters in relatioll to which tbe Companies Act 2006 wuires us to report to you if, in our opinion: adequate accounting rtCOTds have not beell kept, or returns adequate for our audit have not been received from brancbes not visited by us. or the financial statements are not Én aeement with the ac¢ounring Tecords and returns" or Gertain disclosures of diredorfs remuneration SPlfied by law are not made. or w? have not received all tbe iDformation and explanations we require foT OUT auditr. or the directors were not entitled to prepare the financial statements in accordance with the small companies, regime and tske advantage of the small comparries, exemption from tbe rcquirettLerLt to prepare a strategi¢ T¢porL Respon$ibilitles of directors As explained more fu]ly in the statement of directors Tesponsibilities set out on page four, the dire¢t015 are responsible for the prepaTation of the finaacial statements and for being satisfied that th¢y give a tn and fair view, and for su¢b inten)al control as the directors d¢ternine necessaryto enable tbe preparation of financial statements that are free from material misstatement. whether due to fraud or e[. In preparing tbe finartcial statements, the diTectOTS Are responsible for assessing the cbatitabLe cozllpauS ability to continue as a going Conce disclosill& as applicable, matters related to gcpillg cO¢M alld Dsing the going concern basis of accounting ullless the dir¢ctors either inteJd to liquidate the cEwitable compally or to cease operations, or have no realistic alternative but to do so. Audltor TesponsibiIltIes for the audit of the fjnaneial statements Our objectives are to obtaiti Teasonable assurance about whether the Cial 5tstements as a whole are free from aterial misstatement, whetELer due to fraud or eLTor. and to issue an auditOTS' report that includes our opinio Reasonable assurance is a high level of assuTance, but is Dot a guarantee tbat an audit ¢onduoted in accordance with ISAS (UK) will always (kt¢¢t a nterial misslateroerlt when it exists, Mi5Statements can arise from fraud or eryor and areconsidered tDat¢rial 1£ individually or in the aggregate. they couldreasonablybc expected to i])fiuellce tkn ¢conoJ)Jic decisions of us¢rs taken on the basis of these fjllanci statements. Iryegularitic4 including frau¢ inst&nces of non-compliance with laws and regulatiow. We deslgn pIocedures inline with our responsibiliti¢5, OUt]ined abov4 to detect material n)isstatemeThts in respect of irreg(J1tIe4 including fraud. The extent to wbith ourprocedures are capable of d¢tect?ng inegulaTitie8, including fraud is d¢tsiled below. We coJ)sidcred the opportunities and incentives tbat nuy exist witbin the organisation for fraud and identified tbe greatest potential for fraud in TeLatioll to revenue recogtiitioD. In COTDmon with all P4udits wider ISAS (UK). we are also required to p¢rfollTh specific procedures to Tespolld to the risk of manageDJent override. We also obtained an undetstsnding of the legal and regulatory frameworks that the clwitable mpaThy operate5 i focusillg on provisions of those law5 and regulations that bad 2 direct effect on the d¢terminthon of material arnounts end disclosuTes in the financial statements. The key Iaws and Tegulations we considered iti fhis ¢ontexÈinclud¢d th¢ UK Comparjies Act. In additio we considered provisions of other laws regulatioDS that do not hav¢ a direct effect on the flnancial ststements but CQLDpliaa¢¢ with wbich rrlay b¢ fimdamental to the ¢haEitable ¢ompany's ability to operate or to avoid a materi81 penalty. Page 7
INDEPENDENT AUDrroRS' R£PORT TO THE MEf(IBERS OF LIARCRE BELFAST Our proccdllres to Tespoud to risks identified included the folloThing: - reviewing the financial stateme)]t disclosure5 and testing to supporting dooumeutation to assess GompJia))ce with provisiolls of releVt laws andregJlations described as having a direct effect on the financial Ststents. - enquiring of MageMent and external legal cOLe1 concerning actual and potential litigation and claims. - perfoming an)Cal procedures to identify any unusua] or unexpected relationships that may indieate risks of &teria] misstatement du¢ to aknd. - ITh addre88illg theTisk Offraudthrougbmanagemelltovrlde of COlltrDls, testing the appToNiat¢ll¢SS ofjournal eDttie8 and other adjustments" assessing whether the judgements lljade izx making accounting estiToates aTe indicative of a potBntia] bias" and eva]u&tiJ)g the business Tation21e of any significant transactxons that are unusual w outside the nornial co)rge of busiDess. W¢ also comrnunicatsdrelevant identified Itws andregulations andpotential fraudrisks to all engagement team nwnbeTS and remained alert to ally indications of fraud or noncompliÈn¢e with laws and regulatioDS throughout the audit Because of the iDb¢rent IiD)itstions of an audit, tber¢ is a risk that we will not detect alL iregularitie4 including tbose leading tLTr a material misststement in the fiLancial ststernents or non-compliance with regulatioJL This zisk in¢rcases the more that compliance with & law or regu]atTon is removed from the eveTJt$ and transactions reflected in the financia] statements, &s we will bc l¢ss likely kn become awarc of instances of nonompli4CF. The iisk is a180 greatsr regarding ieBlaritieS occurring due to fraud rntheT than error. as fraud involves intsntioDal concea]men¢ forgery, coll10 missiott or misrepresentatits A furtber d81Ption of our responsibilities is available on the Financial lieportitig Council's websile at www.frc.org.uklauditOTsrespoDsibilities. This description fotms part of our auditors. TeporL Use ol our report This Teport is madc solely to the charitable compan345 nwttbeTg. as a body. in ac00rdte witb Chaptsr 3 of Part 16 of Ihe Cornpanies Act2006. Ourauditwork ba5 been undertaken so thatwe rnight state to th¢ cFJaritable companys member5 those matters we are required to state to them in an auditors. report and for no otheT Pljtpose. To the thllest extent permitted by law, we do llot accept or &8sume respollsibility to anyone other t11 the charitsble company aDd the cbaritable wo]panl& members as a body. for our audit worL for this Jepor¢ ctrr for the opinions we bave formeLt Joawie Small (Senior Statutory Auditor) For and on b¢ha]f of Baker Tilly Moon¢y Moore Chartered Cefied Accountallts statOry Auditors 17 Clarendoll Road Clarendon Dock Belfast BTI 3BG 3ofrLOcto 202 Page 8