M.B. Mc GRADY &Co CFL4RIERFP.I£C.(XIFTANIS North Down & Ards Women's Aid 18 Bingham Street Bangor BT20 5DW Raihmorc House. 52 St. Paii'iiks Ai'etiuc, Doi4'npaiiick. Couniy Doi%'i), IIT30 ODS T. 028 44616321 21st December 2023 •FIF4ST Suiie 2B, Cadogan House, 322 Lisburn lst1141SI, t3'1'9 6CIH Dear Emalyn T. 028 90316950 We have completed our audit of the financial statements of North Down & Ards Women's Aid for the financial period ended 27 FranLe5 SITcei. Ncivi(ii%'ndrds, County t)oivn. B'l'23 7DW T. 02H YIIII 4557 st 31 March 2023. F. 028 44610778 E. inlo6giiibmLRradi'.Lo.uk IV. wiYw.mhmigrady.co.uk As advised in our engagement letter dated 23, September 2021 our audit is conducted in accordance with International Standards on Auditing {UK}/(Ireland) IISAS) which requires us to perform procedures to obtain audit evidence about the amounts and disclosures in the financial statements. We are also required to consider internal controls relevant to the entity's preparation of the financial statements in orderto design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. However, we did agree to communicate to you in writing concerning any significant deficiencies in internal control relevant to the audit of the financial statements that we have identified during the audit. Please find enclosed our report to those charged with governance. Cliartered Accounianis M.B.T. McGrady, BSL- (Ecojil. FCA C.11. MtGrady, BSSC (Accl. FCA S.A. MiLernon. Blls FCA K.A. P2iney. IJA (Acc) FQ4 Incorp)raiing Dutty & Co 11n(I Daw50n 6T Co, Chariered ALrouni8i11s We have also taken the opportunity to highlight and comment on other areas and therefore we include for your consideration section B of the report containing business and internal control recommendations arising from our work. We hope that you find this report informative and useful. Businc55 Con5ulianis and Re5lrCd AuditOV5 Auihvrtstd iv iArr> on lliiy511ellt Bu5inE5S In ilk Rcpublic of lrn'land aiid le11£d lor a rath8e otlnir5tmcni lS1cS 8ciiiryiie5 In Ihe Uniied Klngdom and rcwstvKd iocarry audil iyotk b>'ihe InAiiuie ol ihanered lttLmd. Please note that the matters raised in this and other reports that flow from the audit are only those which have come to our attention arising from or relevant to our audit that we believe need to be brought to your attention. They are not a Nl B NlcfJf3dy&Co ISTh¢ tNdlh8 IRJihmLire Housc LITniitd. a rc#isiired Nthhem Ir¢]and CompJny. R£gira1[n Number Nl 601538 Rcgistctcd rts$ as [knipa1ck0ffice
comprehensive record of all the matters arising, and in particular we cannot be held responsible for reporting all risks in your business or all internal control weaknesses. This report ha5 been prepared solely for your use and should not be quoted in whole or in part without our prior written consent. No responsibility to any third party is accepted as the report has not been prepared for, and is not intended for, any other purpose. We are grateful to all the management and staff of North Down & Ard5 Women's Aid and Baxterworld for the co-operation we received during our work, which is an important element in achieving our objective of an economical and effective audit. If you have any queries relating to the matters raised in this letter, please do not hesitate to contact us. Yours sincerely For and on behalf of MB McGrady & Co
NORTH DOWN & ARDS WOMEN'S AID Year Ended 31" March 2023 REPORT TO THOSE CHARGED WITH GOVERNANCE
Section A: Detailed below for your consideration are a number of si nificant internal control and other observations and recommendations which require your immediate attention. Ré¢oiniffèffdati 5i8nlflcant Deficiencles In Internal Control- require Immedlate attentlon None noted Other slgnificant matters noted durln8 the audlt- require immedlate attentlon None noted Section B: Detailed below for your consideration are a number of other internal control and observations and recommendations designed to strengthen business control and improve operating eff iciency. Obseriiatlon-.. , Rècommendation",- . Mana8é'thèhVs'réspOnga,-: Status of Prlor Perlod Recommendatlons None noted Internal Control Weaknesse5 Surestart income- we noted that one month of Surestart income had not been received by the charlty. Whllst the amount15 wholly immaterlal, it is svggestlve of a control weakness in the recording of Income to which NDAWA 15 entitled. We recommend that NDAWA finance team review thelr proce55es for reconciling income receivable to the cash amount5 received in the perlod.
Flnanciol Reporting Issues Our audit pfocedures identifiod a number of assets purchased In the year whlch were expensed, however these assets should have been land were subsequently) capltallsed. We recommend management revièw their procedures for IdentlfylnE whlch asset purchases should be capitalised and ensufe it is In accordance wlth the accountlng policy and detalled In Note l of the financial statements. A legacy bank account with AIB ha5 been Identifled. Although an immateri31 balance Is presented in this account, dormont or unadministered account5 present fraud rlsk We recommend NDAWA close th15 account at first opportunity- Unexpected Issues that affected the Statutory Audlt Process None noted Un¢orre¢ted Misstatements or Errors noted during the audit Funds were ralsed during the year for the Mayor's Charlty. As these funds were always intended for dlsbursement to the Mayorfs Charity, NDAWA acted as the agent In the accivlng and distrlbution of these funds. As such, these amounts should not be recognlsed as Income or expenditure by NDAWA. The total of the mlsstatement in respect of these tran5action5 is £3.417. Where the charlly Is Intendlng to collect donations on behalf of a third party, these amounts should be rlngfenced as cash transactlons and not fecognised on the Statement of Flnancial Actlvities. Regulatory or Legal issues noted during the audit- Independent legal advice may be required to be obtained none noted
Other Matters none noted