CHAR TERED ACCOUNTANTS NORTHERN BAPTIST CORPORATION LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTHERN BAPTIST CORPORATION LIMITED Opinion We have audiled the financial statements of Northem Bapb'st COrporatn Limited (the 'charity') for the year ended 31 December 2023 which Comprise the statement of financial activities. the balance sheet and the noles to the financial statements. including a summary of significant accounting poliues. The finanaal reporting framework that has been applied in Iheir preparation is appIable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepied Accounting Practice). In our opinion, the financial slatements.. give a true and fail view of the stale of the Chantable companys affairs as at 31 December 2023 and of its incoming resources and application of resources, for the year Ihen ended" have been properly prepared In accordance wilh Unrted Kingdom Generalty Accepted Accounting Practice", 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 standards are further described in the Auditorfs responsibilities for the audit ol the financial slalemenls section of our report. Vve ale independent of the charity in accordance with the elhical requiremenls that are relevant lo our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidenrx we have obtained 1$ 8Lrfficient and appropriate to provide a basis for our opinion. Conclusions relaling to going concern In audiling the financial slatemenls, we have concluded that Ihe Trustees, use of the going concem basis of accounling in the preparation of the financial slatements is appropriate_ Based on the work we have performed. we have not identified any malerial uncertainties relating to events or conditions that, individualty or collectively. may cast signthcant doubt on the charity's ability to continue as a going ncem for a period of at least tsvelve months from when the financial statements are authorised for issue. r responsibilities and the responsibilrties of the Trustees with respect to going nceffl are described in the relevant sections of this report. Alfred House A9 Alfred Streel BILFAST BT2 8EQ DX39Ao NR Belfast 50 Cenry Flf)use 40 Cirsecnt B1)nC5S Park LI.SHURN' B'I'28 2GkN' 17 IlandeKqlle Streel PORTADOIVN crAig)On BT62 3PB Tel.. +44 (0)289031 1113 Fax: +44 (0)28 9031 4yrr7 Tel: +44 (n)211926n 7355 F&Y: +441())28 9260 1656 Tel= +44 (ijl28 3833 28ui l.aK.' +44 {0)28 3885 0293 ."4TI Rryi%ternl tondult luditMr&]rythe Inlt¢1)Ll1ud AmPmr0fTlAG . AWOrbJaA1lwWfjDth•*thxiry trirTr5 www.gmc8ea.eom
NORTHERN BAPTIST CORPORATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NORTHERN BAPTIST CORPORATION LIMITED Olher information The Trustees are responsible for the olher infomiation_ The other Information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the olher information and, except to the extent otherwise expliGitly stat1 in our report. we do nol express any form of assurance condusion thereon. In connection wilh our audit of the financial statements, our responsibility 15 to read Ihe olher information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in Ihe audit or otheiSe appears lo be materialty misslated. If we identify such material inconstenc1es or apparent material misstalemenls. we are required to delemiine whelher there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we condude that there is a material misstatement of this other infomiation. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 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 which the financial statements are prepared. which includes the directors. report prepared for the purposes of company law. is consistent with the financial stalements.. and the directors, report included within 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 idenkn'fied malerial misstatements in the directors. report induded within the Trustees, Report. We have nothing lo report in respecl of the following matters in relation to which the Companies Act 2006 require us to report to you if, in our opinion- adequate accounting records have not been kepl, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement wilh the accounting records and returns" or certain disclosures of tru5tees' 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 nol entitled to prepare the financial statements in accordance th the small companies regime and take advantage of the small companies. exemptions in preparing ihe Trustees, Report and from the requirement to prepare a slralegic rewl
NORTHERN BAPTIST CORPORATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NORTHERN BAPTIST CORPORATION LIMITED Responsibilities of Truslees As explained more fully in the statement of Trustees. responsibilrties. the Trustees. 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 that they give a true and fair view, and fof such intemal control as the Trustees delermine is necessary to enable the preparation of financial statemenls that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the Twstees are responsible for assessing ihe charity's ability to continue as a going concern, disclosing, as applirAble, matters relaled lo going concern and using the going ¢oncern basis of accounting unless the Trustees either intend to liquidate the charitsble company or to cease operations. or have 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 %theiher the financial slatements as a whole are free from material misstatement, whether due to fraud or error. and to issue an audtlor'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 with ISAS (UK) will always detecl a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial siatements. The extent to vthich our procedures are capable of detecting irregularities, including fraud. is delailed below.
NORTHERN BAPTIST CORPORATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NORTHERN BAPTIST CORPORATION LIMITED Exlent to which the audit was considgrèd capable of detècting irregularities, includlng fraud We identify and assess the risks of material misstatement of Ihe financial statements, whether due to fraud or error, and then design and perform audii procedures responsive to those risks. induding obtaining audit eviden that is sufficient and appropriale to provide a basis for our opinion. In identifying and assessing potential risks of material misstatement in respecl 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 perfomiance, including the company's remuneration policies for directors. bonus levels and performance targets, if any,. Results of our enquities of management about their own identification and assessment of the risks of irregularities-, Any matters we identif1 having obtained and reviewed the company's documenlation of their policies arKI procedures relating to.. Identifying, evaluating and complying vAth laws and regulations and vthelher they were aware of any instance of non-compliance" Detecting and responding to the risks of fraud and vthether Ihey have knowledge of any actual. suspected or alleged fraud.. and The internal controls established to mitigate rssks of fraud or non-compliance with laws and regulations- The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicalors of fraud. As a result of these procedures. we Considered the opportunities and inntiveS Ihat may exist within Ihe company for fraud and idenlified the greatest potential for fraud in income recognition. In common with all audits under ISAS IUK}, we are also required to perform speafic procedures to respond to the risk of fflanagement override. We also oblained an understanding of the legal and regulatory frameworks that the company operates in. 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 considered in this context included the Companies Acl 2006. and local tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effecl on the financial statements bul compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.
NORTHERN BAPTIST CORPORATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NORTHERN BAPTIST CORPORATION LIMITED Audit response to risks idgnlified Our prOdureS to respond to the risks idents'fied induded the follc)wing: Reviewing the financial slatement disdosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulalions descfibed as having a direct effect on the financial statements. Enquiring of management conceming actual and wtential litigation and daims" Performing analyiical procedures to Klentify any unusual or unexpected relationships Ihat may indicate risks of material misstatement due to fraud- Reading minutes of meetings of those charged wilh governance and reviewing correspondence with tax authorities, and In addressing the risk of fraud through management ovèrride of controls, tesling the appropriateness of journal entries and other adjustments- assessing whether Ihe judgements made in making accounting estimates are indicative of a potential bias- and evaluating the bu&ness rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identffied laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Owing to thc inhcrcnt limitations of an avdit. there 13 an unavoid8ble risk that we fnBy not have doteclgd soma material misstatements in Ihe financial statements. even Ihough we have properly planned and performed our audit in accordan with auditing standards. In addition. as wth any audit. there remains a higher risk of non-deteclion of irregularities. as Ihey may involve collusion, forgery. intentional omissions. misrepresentations. or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to delect non- compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Counal's website al.. https.'Il wvm.frc org.uklaudilorsresponsibilities. This descnption forms part of our audrtor's report.
NORTHERN BAPTIST CORPORATION LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF NORTHERN BAPTIST CORPORATION LIMITED Use of our report This report is made 501ely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Ouw audit work has teen undertaken so that we might slate to the charitaLle company's mernbers those matters we are required to state to Ihem in an auditorfs report and for no other purpose. To the fullest exlent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a ty, for our audit work. for this report, or for the opinions we have formed. Mr Nigel FCA (Senior Statutory Auditor) for and on behalf of GMGG BELFAST Chartered Accountants Statutory AudSlor Alfred House 19 Alfred Street Belfast BT2 8EQ 10-