B.C.W. TRAINING LIMITED Irwin Donaghey ' Stockman INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF B.C.W. TRAINING LIMITED Oplnlon We have 8udited the financial slalements of B.C.W. Training Llrnited (tho 'society'l for the year ended 31 March 2022 which comprise the Slalemenl of Comprehensive Income, the 88lance Sheet and notes lo the financial statements, including a summary of significant accounting policies. The financial reporbng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard &ppllc8ble in Ihe UK snd Republ￿ of ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements- give a true and fair view of the stale of the society's affairs as at 31 Marth 2022 and of ((s Inojme and expenditure for the year then ended.. have been properly p￿pared in accordance with United lQngdom Generally A(LepledAccounting PraCt￿e., arKI have been prepared in accordance with the requirements of the Co-operative and Community Benefit Societies Act (Northorn Ireland) 2014. Basis for oplnion We ¢onducted our audit in accordance wlh Inlemalional Standards on Auditing IUKI (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Au(Silor's responsibilities for the audit of the financial stalernenls section of our report. We are in(Jependenl of the society in accordan￿ with the ethical roquirements that are relevant lo our audll of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fijlfflled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinlon. Conclusions relattng to golng concern In auditing the finanaal statements. we have concluded that the dlrecloTs' use ol the going concern basis of accounting in the prepar￿on of the financial 8tatoments Is appropriate. BasÈd on the work we have performed, we have not identifie(l ary material uncertainties relating to events or conditions that. individually or collectively, may cast signSficanl doubl on the company's ability to continue as a going concern fci a period of al least ￿e1ve months from when the financial slalemenls are authorised for i$sue. Our responsibilities and the responsibilknes of the directors with respect to going conce(n are described in the relevant sections of this report. othor Infom)atlon Management are responsible for the other Information. The o>ther information comprises the informalKJn included in the annual report. other than the financial statements ancl our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explic1￿Y slated in our report, we do not express any form of assuran￿ conclusion Ihereon. In connection wf(h our audit of the financial statements, our responsibilty is lo read the olheT information and. In doing so, consider whether the other information is matorially inconsistent wlh the financial slalemenls or our knowledge obtained in the audit or otherwise appears to be malgrially misstated. If we identify such material inconsistencies or apparent material misslalemenls. we are required lo determine whether there is a m8terial misslalement in the financial slalements or a material misstatement of the other inforrnalion. If, based on the work we have performed, we condude that there is a material mi$5tatemenl of this other Information, we are required lo report that fact. We havo nothing to report In Ihls regard. B.C.W. TRAINING LIMITED ' Donaghey . Stockman INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF B.C.W. TRAINING LIMITED Mattgrs on whlch w8 are requlred to report by oxceptlon In the light of the knowledge and understanding of the Society and its environm8nl obtained in the coursg of the audit, we have not idantified material misslalements in the Cornmittee of Managem&nl's Report. Vve have nothing to report in respect of the following matters where the CC￿opera￿¥e and Community Benefit Societies Act (Northfrm Ireland) 1969 reqUI￿S us lo report lo you if. in our opinion.. the society has not kept proper books of account. and not maintsined a satisfadory system of control over its transactions, in accordance with the requirements of the legislation-. or the revenue account, any other accounts lo which our report relates, and the balance sheet ar8 not in agTrement with the society's book¢, of at￿Unt.. or we have not obtsin&d all the infomiation and explanations nerEs8ary for the purposes of our audit. Rèsponslbllltles ot management As explained more fully in the Committeg of Management's Report, management are responsible for the preparation of the financial statements and for boing satisfied that they give a true anrj fair view, and for such inlemal ¢onlrol as management determine is necessary to enable the preparation of financial slaternents that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management are responsible for assessing the socielws ability lo continue as going ￿nCem, disclosing. as applicable, matters related to going concem and using the going concern basis of 8c¢ounling unless management either Intend to liquidate the society or lo Trase operations, or have no realistic allemalive bul lo do so. Audltorf$ responslbllltl•s for thè audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial stslemenls as a whole are free from material misslalemenl, whether due lo fraud or error. and lo issue an audilo¢s report that includes our opinion. Re850nable assuran￿ is a high level of assurance but is not a guarantee that 8n audit conducted in accordance with ISAS (UK) hwll always detect a materi81 misstalemenl when il exists. Misslalements can arise from fraud or error and are considered material if. Individually or in the aggregate, they could reasonably be expe￿ed to influence the economic decisions of users taken on the basis ofthese financial slalernents. Tho ertenl to which our procedures a￿ ca￿ble of detecting irregularities. including fraud. is detailed bglow. Our approach lo identifying and assessing the risks of material misslat8ment in respect ol irregularities including fraud and nOn￿MplianCe with laws and regulations, was as follows.. we idèntified the laws and rE'.gulations applicable lo the company through discussions with diredors and other management. and from our commercial knowledge and experience of the industry.. we assessed the extent of (A?mpliance with the laws and regulations identified above through making enquiries of managgment and inspecting legal correspon¢Sence. We assessed the susceptibility of the Company's financial statements to material misstatement, induding obtaining an understanding of how fraud might occur. by.. making enquiries of management as to where they consldered th8￿ was susceptibility lo fraud, their knowedge of actual, suspected and alleged fraud.. considering the intemal controls in place lo rniligale risks of fraucj and non-compliance wth laws and regulations., and perfom)ing analybcal procedures lo identify any unusual or unexpected rglalionships., testing journal entries lo identifv unusual transactions., assessing whether judgemenLj:and assumptions made in dotemining the accounting estim8t8s were indicalivo of potential bias.. invesb'galing the rationale behind slgnificant or unusual transactions. B.C.W. TRAINING LIMITED Irwin - Donaghey Stockman INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF B.C.W. TRAINING LIMITED In respDn$e to the risk of irregularities and nOn￿MplIan￿ with laws and regulattons. we dgsigned procedures which included, but were not limited to.. a9reein9 financial statements disdosures ID underfying supporting doojrnentation.. rearjing the minutes of meetings of those charged with govemance.. enquiring of management as lo actual and potential liligalion and daims,. reviewing correspondence with HMRC. relevant regulators and the company's legal advisor5. There are inherent limitations In our audst procedures described 8bove. The more removed laws and regulations are ',r¢m financial transactions, the less like￿ il is that we would become aware of non-compliance. Auditing standards also limit the 8udil procedures required lo identify non-complian￿ with laws and regulations lo enquiry of the directors and other management and the inspection of regulatory and legal Correspondence. if any. Material mis$talemenls that arise due lo fraud can be h8rdor to deleGt than those that arise from error as they may Involve deliberate concealment or collusfvjn. A fijrther descriplron of our responsibilities is available on the Financial Reporting Council's website at.. https.'Il vAw.frc.org.tskJouditorsresponsbi ilities. This descripb'on forms part of our auditorfs report. Th9 purpose of our audit work and to whom we owa our responslbllltles This report is made solely lo the society's members, as a body, in accordance wlh Section 43 of the Co-operative and Community Benefit Societies Act (Northern I￿land} 2014. Our audit work has been undertaken so that we might stale lo the society's members those matters we are required lo stsle lo them in an audilols rep(>rt and for no ther purpose. To the fullest extent permitted by law, we do not accept or assume osponsibility to anyone other than the society and the society's members as a body. for our audit work, for this report, or fof the opinions we have fomed. Mr lan H Donaghey Is?nlor Statutory Auditor For and on behalf of Irkvln Donaghey Stockman LLP Siatutory Audltor 23125 Queen Street COLERANE Co Londondgriy BT52 1BG 24 OLtober 2022