INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH WEST CULTURAL PARTNERSHIP {A Company Ilmlt8d by guarant••. not havlng a Share Capi1) FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS OPINION We have audited the charity financial statements of North West Cultural Partnership I'the charity? for the financial year ended 31 March 2024 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet. the Statement of Cash Flows and notes to the financial statements. including the summary of significant accounting policies set out in note 2. 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" and Accounting and Reporting by Charities.. Statement of ReGommended Practice appliGable to charities preparing their accounts in accordance with FRS 102. In our opinion. when reporting in accordance with a fair presentation framework the financial statements.. • give a true and fair view ofthe state of the chariiy's affairs as at 31 March 2024 and of its surplus for the financial year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢ti¢e,' and • have been prepared in accordance with the requirements of the Companies Act 2006 BASIS FOR OPINION We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those stsndards are further described in the Audltor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in a¢¢ordance with ethical requirements that are relevant to our audit of the financial statements in Ihe UK, including the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accordanc8 With these requirements. We believe that the audit evidence we hav8 obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial slatements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least e1ve months from the date when the financial statements a 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. OTHER INFORMATION The other information comprises the information included in the annual report other than the financial Statements and our Auditor's Report thereon. The trustees are responsible for the other infomiation contained within the annual report. 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 theon. Our responsibility is to read the other infomation and. in doing so, consider whether the other information is materially inconsistent wth the financial statement5 or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we a required to determine whether this gives rise to a material misststement in the financial statements themselves. If, based on the work we have perfomed, we conclude Ihal there is a materlal misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH WEST CULTURAL PARTNERSHIP {A ¢omp•ny fimited by guarantso. not havlng a share capStall FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 OPINION ON OTHER MATTER PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the Course ofthe audit= the information given in the Trustees, Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements- and the Trustees, Annual Report has been prepared in accordance wth applicable legal requirements. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our 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, Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you ff. in our opinion.. adequate accounting records have not been kept., or the financial ststements 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 informab'on and explanations we require for our audit. the trustees ware not entitled to prepare the financial statements in accordance with the small companies regime and tske advantsge of the small companies, ex8mption in preparing the Trustees, Annual Report. RESPONSIBILITIES OF TRUSTEES FOR THE FINANCIAL STATEMENTS As explained more fully in the Statement of Trustees. Responsibilities set out on page 7, the trustees 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 they detemine is necessary to enable the preparation of financial statements that are free from material mlsstatement, lether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going conern basis of accounting unless management either intends to liquidate the charity or to Cease operations, or has no realistic alternative but to do so. AUDITOR'S 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 rnaterial misstatement, whether due to fraud or error, and to issue an Auditor's Reportthat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are ry)nsidered material if, individually or in the aggregate, they Gould reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, inGluding fraud, are InStanS of non-compliance with lav and regulations. We design procedures in line with our responsibilities, outiined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, inclj1ng fraud is detsiled below. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with govemance of the charitable company. We assessed the susceptibility of the charltable company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or inftuence the reported results. In common with all audits under ISAS (UK), we are required to perform specific procedures to respond to the risk of management override.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH WEST CULTURAL PARTNERSHIP {A company limlted by guaranteo, not havlng a *har• pItalI FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 FURTHER INFORMATION REGARDING THE SCOPE OF OUR RESPONSIBILITIES AS AUDITOR As part of an audit in accordance with ISAS {UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also= Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence 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 understanding of internal 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 ofthe charity's internal Control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by 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 significant doubt on the charity's ability to continue as a going con¢em. 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, if such disclosures are inadequate. to modfy our opinion. Our conclusions are based on the audit eviden obtained up to the date of our Auditor'5 Report. However. future events or conditions may cause the charity to cease to Continue as a going concern. Evaluate the overall presenlation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and event5 in a manner that achieves fair presentation. Enquire of management, those charged with govemance and the Charity's solicitor around actual and potentlal litigation and claims. Perfomi analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material mlsstatement due to fraud. Review minutes of meetings of those charged with governance.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH WEST CULTURAL PARTNERSHIP (A company limited by guarantee, not having a share capital) FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
We communicate with those charged with governance 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.
The purpose of our audit work and to whom we owe our responsibilities
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 work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's 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 formed.
G G Heaney (Seni�tatutory Auditor) for and on behalf of CLAREMOUNT FM LIMITED Chartered Accountants and Statutory Auditors 43 Clarendon Street Derry BT48 7ER
3[rd ] October 2025