EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
Opinion
We have audited the financial statements of East Belfast Communty Development Agency {the 'parent charty'l and
115 Subsidiary (the 'group) for the year ended 31 March 2024 which comprise the consolidated statement of financial
aclivities, Ihe consolidated balance sheet, Ihe company balance sheet, the consolidated statement of cash llows
and the notes lo the financial statements, induding a summary of significant accounting policies. The financial
reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting
Standards. including Financial R8POrting Standard 102 Th8 linanoal Reporting Standard applioable in the UK and
Republic of I￿land (United Kingdom Generally Acc8Pted Accounting Practic8).
In our opinion, the financial statements-.
give a true and fair view of the stsle of the group's and parent charitable company's affairs as at 31 March
2024 and of the group's incoming resources and appliration of resou￿8. for the year Ihen ended;
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting practi￿,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in Ihe Auditoffs rgsponsibilib8s for the 8udrf of
the financial statèments section of our report. We are independenl of the group and parent charitable company in
a¢¢ordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. W8 believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclusions relating to gt>ing concern
In auditing the financial statements, we have conduded that the Trustees. use of th8 goin9 concern basis of
accounting in the preparation of the financial slatements is appropriate.
Based on the work we have performed, we have not id8ntified any material uncertainties relating to events or
conditions that, individually or ¢olle¢tively, may cast signifiGanl doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial slatements are authoris8d for issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the
relevant se¢lions of Ihis report.

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
Other Infornmtion
The other information comprises the infomation included in the annual report other than the financial statements
and our auditorfs report Iher80n. The trustees are responsible for the other InfO￿atIOn conlained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
othemise explicilly slated 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 wh8th8r the other information is materially
inconsistenl with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially misstated. If we identify such rnalerial inconsistencies or apparent material misstatements. we are
required to detemiine whether this gives rise lo a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatemenl of Ihis other information,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescrfbed by the Companles Aet 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 whi¢h 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 induded within the Trustees, report has be8n prepared in accordance with applicable legal
requirements.
Matters on whlch we arn requlred to roport by gxception
In the light of the knowledge and understanding of the group and parent charitable company and its environmenl
oblained 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 Acl 2006 requires
us to report to you if, in our opinion:
adequate a¢¢ounling records have not been kept by the parent company. or retLJms adequale for our audit
have nol been received from branches not visited by us,. or
th8 parent cornpany financial statements are nol in agreement with the a¢¢ounting 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- or
the trustees were not entitled to prepare the financial statemenls in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from Ihe
iequirement to prepare a strategic report.
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EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
Responslbllltles of trnstees
As explained more fully in the statement of Trustees. responsibilities, the twslees, 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 th8t they give a true and fair view. and for such intemal Gontrol as Ihe trustees determine is necessary to
enable the preparation of financial statements that are free from malerial misstatement, whether due lo fraud or
error.
In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable
company's ability to continue as a going concern, disclosing, as applicable. matters related to going concem and
using the going concern basis of accounting unless the trustees either inlend lo liquidate the charitable company or
to ¢ease operats'ons, or have no realistic atternative but ID do so.
Auditorfs responsibilities forthe audit of the flnanclal statsments
Our objecttves are to obtain reasonable assurance about whether the financial statements as a whole a￿ free from
material misstatement. whether due to fraud or error, and to issue an audilo¢s report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always delect a material misstatement when it exists. Misststements can arise from fraud or
error and are considered material if, individually or in the aggregale, they could reasonably be expeded to inlluence
the economic decisions of users taken on the basis of these financial statements,
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
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EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
Extent to whlch the audit was considered ¢apable of detecting irregularities, including fraud
We identify and assess the risks of material misslatement of the financial Statements. whether due lo fraud or error,
and then design and perform audit procedures responsive to those risks, including oblaining audit evidence thal is
suffi¢ient and appropriate to provide a basis for OUT opinion.
In identifying and assessing potenlial risks of material misstatsment in respect of irregularities, including fraud and
non-compliances with laws and regulations, we considered Ihe following:
The nature of the industry and sector, control environment and business perforrnan￿, including the
company's remuneration policies for director$, bonus levels and performance targets, if any-
Results of our enquiries of management alKiut Iheir own identification and assessment of the risks of
irregularities.,
Any matters we identified having obtained and reviewed the company's documenlalion of their policies and
procedures relating to-
Identifying. evaluating and complying with laws and regulations and whether they were aware of
any instance of non-compliance.,
Detecting and responding lo the risks of fraud and whether they have kn¢)wledge of any actual,
suspected or alleged fraud.. and
The internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations-
The matters discussed among ihe audit engagement team regarding how and where fraud might 0￿ur in
the financial ststements and potenlial indicators of fraud.
As a result of these proc8dures. we considered the opportunities and incentives that may exist within the company
for fraud and identif￿d the greatest potential for fraud in income recognition. In common with all audits under ISAS
(UK), we are also required to perform specific procedures ID respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks Ihat th& company operates in, focusing
on provisions of those laws and regulations that had a direct effed on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included Ihe
Companies Act 2006 and Charities A¢1 (Northern Ir8land) 2008.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial
statèments but compliance with which may be fundamental lo the company's ability to operate or to avoid a material
penalty.
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EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
Audit response to ri$k$ Identlfled
Our procedures to respond to the risks identrfied induded the following..
Reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and r8gulations described as having a direct effect on the
financial statements-
Enquiring of managem8nt concerning actual and pot8ntial litigation and claims,
Performing analylical procedures lo identify any unusual or unexpected r81alionships Ihat may indicate
risks of material misstatement due lo fraud.,
Reading minutes of meetings of Ihose charged with governance and reviewing correspondence with tax
authorities., and
In addressing th8 risk of fraud through management override of controls. lesting Ihe appropriateness of
joumal entries and other adjustrnents- assessing whether the judgements made in making awounting
estimates are indicative of a potential bias- and evaluating the business rationale of any significant
transactions that are unusual or outside the normal cours8 of business.
We also communicated relevant identified laws and regulations and polential fraud risks to all engagement team
members and remained alert lo any indications of fr8ud or nonwcornpliance with laws and regulations throughout the
audit.
Owing to the inherent limitations of an audit, Ihere is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our audit
in accordance with auditing standards. In addition. as wilh any audit, there remains a higher risk of non-delection of
irregularities, as they may involve collusion, forgery, intentional omissions. misrepresentations, or the override of
internal controls. We are not responsible for preventing non-complian¢e and cannot be expecled to detect non-
complianc8 Wlth all laws and regulations.
A further description of our responsibiliti8s Is available on the Financial Reporting Council's website at: https.'Il
www.frc.org.uklauditorsresponsibilities. This description fonns part of our auditorf5 reFTrOrt.
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EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
Usfr of our report
report Is made solely to the charitsbla (x)mpanY.s members, as a body, In aCc￿danCe with Chapter 3 of Part 16
of the Companies Act 2006. (￿r audit wrAk has been undertaken so thal might slate to the charitatle companffs
members those matterJ we are required to state to Ihem in an 8udilofs report and for no other purp¢se To Ihe
fullest extent perniitted by law, V•e do accept or assume resFKJn5ibilty to anY￿e other than the ch￿table
company and the th8rt8tle companys members as a body, for our audit wvrk. for this report. or for Ihe opinions
I￿ed.
Igol M
CA (S•nlar Slatutory Audiior)
fr•r and on bohalf of GMCG BELFAST
chartff￿ Aceountant8
statutory Auditor
Chartered A¢ewnlanfs & Stalutory
Audilor
Affred House
19 Alfred Street
Belfa81
r2 BEQ
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