CHARTERED ACCOUNTANY$ EAST BELFAST COMMUNITY DEVELOPMENT AGENCY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY Oplnlon We have audited the financial statements of East Belfast Community Developrnènt Agency (the 'parent charlty.) and Its 8ubsidiary (the 'group') for the year ended 31 March 2022 which comprise the consolidated statement of financial activitles, the consolidated balance sheet. the company balance sheet, the consolidated statement of cash flows and the notes to the financial statements, including 8 summary of significant accounting policies. The financial reporting fraMeW￿rk that has been applied in their prepafation is applicable law and United lQngdom Accounting Stsndards, including Financial Reporting Standard 102 The Fin8nci81 Reporting Standard applicable in tho UK and Republic ollreland (Unlted lQ'ngdom G•n•rally Accepted Accounts'ng Practlce). In our opinion, the financial statements.. give a true and fair view of the state of the group's and parent charitable Company's affair8 as at 31 March 2022 and of the group's incoming resources and application of resource8. for the year t￿n ended: have been propety prepared In accordance wllh Unlted Kingdom Generally Accepted Accountin9 Practice., and have been prépared in accordance with the requirements of the Companie$ Act 2006. Basls for oplnlon We conducted our audlt In accordance wlth Internats'onal Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditoffs responsibililies for the audit of the Iln8ncial statements section of our report. We are independent of the group and parent Charitable company in accordance wlth 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 tt)ese requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our oplnltm. Conclu$lon8 rnlatlng to golng con¢•rn In auditing the financial statements, we have concluded that the Trustee8' use of the golng con¢em basis of accounting in the preparation of th• financial ststements is appropriate. Based on the work we have perfomied, we have not Identffied any material uncertaintles relating to events or conditions that. Indivldually OT collectively, may cast signfficant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from vthen the financial statements are aulhorised lor issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are descrlbed in the relevant sections of this report. Alfred House 19 Alfred Streel BELbAS'I' H'I'2 8EQ DX3910 NR IILlf4¥150 Cen￿ry Hou 40 Cr￿¢￿'nI iluslnebs Park LISBUKN BT28 2GN 17 Mundcrflle Strttt Cr¥i8avon 1.62 3PIJ I'el: +44 {0)28 9031 AIIq . +44 (0)28 9031 0777 I'cl: +44 (0)28 9260 T355 I'￿: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 F￿. +44 {0)28 383.5 0293 •m %lstLfft￿ I(1<￿￿li]ciAlJ￿il I1￿ 11￿11￿￿.￿(.h7ll rtL'nYi.*irounl11 iiih in Ire111 www.gnicgea.com tHARTERED ACCOVTITANT5 EAST BELFAST COMMUNITY DEVELOPMENT AGENCY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY Other Infomiatlon The other infomiation comprises the information induded in the annual report other than the financial statements and our auditovs report thereon. The trustees are responsible for the other information contained within the annual roport. Our opinion on the financtal statements does not cover the other Information and, except to the extent otherwise explicitly stated Sn our report, we do not express any fonn of assurance condusion thereon. Our responsibilty is to read the other infomiation and. in dolng so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identfy such material inconsistencies or apparent material misstatements, we are required to detemine whether this gives rise to a material misstatement in the financial Statements themselves. ff, based on the work we have perfonned, we condude that there is a material misstatement of this other information, we are requlr•d to report that fact. We have nothing to report In this regard. Oplnlon• on other matt•rs pre•crlbed by th• Compan1•¥ Act 2006 In our opinion, based on the work undertaken in the course of our 8udit'. the infomiation given in the Trustees, report lor the financial year for whlch the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, 15 consistent ￿1th the financlal statements,. and the directors, report included within the Trustees, report has been pr6par•d in accordance with applicable legal requirements. Mattern on whlch w• arn rnqulrgd to r•port by exceptlon In the light of the knowledge and understanding of the group and parent charitable company and it8 environment obtained in the course of the audit, we have not identffied material misstatements in the director8. report Induded within the Trustees, report, have nothing to report in respect of the following matters in relatlon to which the Companies Act 2006 requires us to report to you Sf, in our opinion.. adequate accounting records have not been kept by the parent company, or retums adequate for our audit have not been received from branches not visited by us., or the parent company financial statements arè 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 inforniation and explanations we require for our audit,. or the trustee5 were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees, report and from the requlrement to prepare a strategic report. 10- Alfred House 19 Alfred.Street LIELbASA' 117.2 8LQ DX3910 N'K BL.Ifu&l 50 Cen￿ry. HoubL' 40 Crcscent Busin￿ Pthrk SHU￿ B'A'28 2GN 17 M#ndmrylle Sircct PORIADOIVN ]ri'62 3PII Tcl: +44 (0)28 9031 1113 . +44 10)28 9031 07r7 'fcl: +44 (0)28 9260 7305 +44 (0)28 9260 16ap6 Tel: +44 (0)28 3833 28ox Fax: +44 (0)28 38.3.5 0293 'Dyl.4n¥JunLIDts lihl(CY Itsalrad￿% naThx'of(Jkl(li (Jhmjplimllixl. ii4t nf Ni n.li￿L[l¥l￿ffiLT A AI*￿1￿￿￿.r1l(: www.gniegea.eo CHARTEf¢BD ACCOUWTANTS EAST BELFAST COMMUNITY DEVELOPMENT AGENCY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY Responslbllltlos of trust••$ As explained more fully in the statement of Trustees, re8ponsibilrties, the trustees, who are also the directors of the charity for the purpose ol 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 Gtatements that are free from materi81 misstatement, wh•ther due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable company's abilty to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease opefations, or have no realistic aftematlv• but to do so, Audftorf8 rnsponslbllltles for the audft of the flnanclal statsments Our objectives are to obtain reasonable assurance about vthether the financlal statement8 as a whol6 are tree from material misstatement, whether due to fraud or error, and to issue an auditors 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 aNvays detect a malerial misslatement vthen it exists. Misstatements can arise from fraud or error and are considered materi81 if, individually or in the aggregate, they could reasonably be expected to influence the economic decislons of u8ers tak•n on the basis of these financial statement8. The extent to vthich our procedures ar6 capable of detecting Irregularities, including fraud, Is d•tsiled below. 11 Alfred House 19 Alfred Street BELbAS'I' II'I.. DX3910 NK IIL.IC#st so Ccntury Hou￿. 40 CrtheLint Bui>inw Ywrk SBUKTr4 BI'28 2GN 17 m￿nd￿lI]e Street POKI'AL)OIVN Cruiguvon Iri'62.3PB I'cl: +44 (0)28 9031 A113 4: +44 (0)28 903A 0777 'I'cl: +44 (0)28 9260 735S '￿. +44 (0)28 9260 1656 Tel: +44 (0)28.383.3 2801 ax: +44 (0)28 38.35 0293 RLwsIL'nYI loL￿￿tIL# pèudil thi. IrLdi1ii¢i.rf('￿lrt£rn¥l￿*I￿l1ld￿￿l1 [trhi￿( 4 AC- eHAKTERRD ACCOU14TANT$ EAST BELFAST COMMUNITY DEVELOPMENT AGENCY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY Extent to whlch the audlt was consldered capable of detectlng Irregularltles, Includlng fraud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or effor. and then design and perfonn audit procedures responsive to those risks, including obtaining audit evidence that is suffic￿nt and appropriate to provide a basis for our opinion. In identifying and assessing potential risks of materlal mis8t8tement in respect of irregularities. Induding fraud and non-compliances with laws and regulations, we consldered tho following: The nature of the industry and sector, control environment and business perfomian¢e, including the company's remun•rntlon policies for directors, bonus level8 and perfomance tar9ets, if any. Result5 of our enquiries of management about thelr identification and assessment of the rl8k8 of Irregularltles. Any matters we identified having obtained and reviewed the company's documentation of thelr policies and procedures relating to.. Identifying, evaluating and complying wlth laws and regulations and whether they were awar• of any instance of noTrcompliance', Detecting and responding to the risks of fraud and whether they have knowledge of any actual, $U8pected or alleged fraud; and The intemal controls e8tabli8hed to miti9ate risks of fraud or non