Social Change Initiative
Company Limited by Guarantee
Independent Auditor's Report to the Members of Social Change Initiative
Year ended 31 March 2023
Opinion
We have audited the financial statements of Social Change Initiattve (the 'charity') for the year ended
31 March 2023 which comprise the statement of financial activities (inclLtding income and expenditure
account), statement of financial position, statement of cash flows and the related notes, including a
summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements=
give a true and fair view of the state of the chariiy's affairs as at 31 March 2023 and of its
incoming resource5 and application of reSoUr￿s, including its income and expenditure, for the
year then ended"
have been properfy prepared in accordance with Unf(ed Kingdom Generally Accepted
Accounting Practice-,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ wrth International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditovs
responsibilities for the audit of the financial statements section of our report. We are independent of
the chartly 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 the provisions available for small
entities, in the circumstances set out below. and we have fu￿lled our other ethical responsibilities in
accordance with these requirements. We believe that the audrt evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
APB Ethical Standard - Provisions available for small entities
In common wsth many other businesses of our size and nature we use our auditors to prepare and
submit returns to the tax authorities and assist with the preparation of the financial statements.
Conclusions relating to going concem
In auditing the financial statements. we have concluded that the trustees, use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identrfied any material uncertainties relating to
events or conditions thal, individually or collectively. may cast significant doubt on the charity's ability
to continue as a going concem for a period of at least twelve months 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.

Social Change Initiative
Company Limited by Guarantee
Independent Auditor's Report to the Members of Social Change Initiative
(continued)
Year ended 31 March 2023
Other inforniation
The other information comprises the infonnation included in the annual report. other than the financial
statements and our auditorfs report thereon. The trustees are responsible for the other infomation.
Our opinion on the financial statements does not cover the other infonnation and, except to the extent
othernise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial stalements, our responsibility 15 to read the other
information and, in doing so. consider whether the other infomiation is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identfy such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstalement of the other infom)ation. If. based on the work we have perfomed. we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothlng to report In thls regard.
Oplnions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audrt..
the information given in the tru8tee8' report for the financial year for which the financial
statements are prepared is consistent wrth 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 exception
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 requires us to report to you rf, in our opinion..
adequate accounting records have not been kept. or retums adequate for our audit have not
been recetved 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 not entttled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.

Social Change Initiative
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Social Change Initiative
(eontinuerfj
Year ended 31 March 2023
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 internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free
from material misststement. whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charity'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 aSternative but to do so.

Social Change Initiative
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Social Change Initiative
(continued)
Year ended 31 March 2023
Auditorfs 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 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 wrth ISAS (UK) will ahNays detect a material misstatement when it
exists. Misstatements can arise from fraud or e￿or and are considered material if, individually or in the
aggregate, they could reasonably be expected to infiuence 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 misstatements in respect
of irregularities. including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below=
In identrfying and assesslng rlsks of materlal mlsststement In respect of Irregularltles, Includlng fraud
and non-compliance with laws and regulations. we considered the following..
the nature of the industry and sector. control environment and business performance including
the design of the remuneration policies, key drivers for directors, remuneration. bonus levels and
perfomiance targets..
results of our enquirie¥ of management about their own identrfiGation and a¥aea¥ment of the risks
of irregularities.
any matters we identified having obtained and reviewed documentation of their policies and
procedures relating to-
identifying, evaluating and comptying with laws and regulations and whether
management were aware of any instances of non-compliance"
detecting and responding to the risks of fraud and whether management have knowledge
of any actual, suspected or alleged fraud:
the internal controls established to mttigate risks of fraud or non-compliance with laws
and regulations.
the matters discussed among the audit engagement team including significant component aLSdit
teams and relevant internal specialists, including tax and valuations specialists regarding how and
where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within
the organisation for fraud and identified the greatest potential for fraud. In common with all audits
under ISAS (UK). we a￿ also required to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on
provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial statements. The key laws and regulations we considered in
this context included ongoing compliance with the UK Companies Act and 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 for their ability to operate or to
avoid a material penalty.
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Social Change Initiative
Company Limited by Guarantee
Independent Auditor's Report to the Members of Social Change Initiative
(conlinuedj
Year ended 31 March 2023
As part of an audit in accordance with ISAS {UlQ, we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misststement of the financial statements, whether due to
fraud or error, design and perfonn audtt procedures responsive to those risks. and obtsin audit
eviden￿ that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion. forgery. intentional omissions, misrepresentations. or the override
of internal control.
Obtain an understsnding of intemal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. but not for the purpose of expressing an
opinion on the effectiveness of the intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast signrficant doubt on the charity's abilty to continue as a going
concem. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, rt such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions may cause the charity
to cease to continue as a going concern.
Evaluate the overall presentation. structure and content of the financial statements, including the
dlsclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentstion.
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Social Change Initiative
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Social Change Initiative
(continuedj
Year ended 31 March 2023
We communicate with those charged wtih govemance regarding, among Other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's members. as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit ￿￿￿k has been undertaken so that we might state to the
charty's members those matters we are required to state to them in an auditorfs report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the charity's members as a body, for our audit work, for this report,
or for the opinions we have fomed.
Paul Dolan FCA (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
hArt8red 2ccount2nts & statLrtory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
16 November 2023
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