Report of the Independent Auditors to the Members of Home-start Down District Opinion We have audited the financial statements of Home-start Down District (the 'charitable company,) for the year ended 31 March 2023 which comprise the Statement of Financial ActivitÈes, the Balance Sheet and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice). In our opinion the fu)ancial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally 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 International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the fmancial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to OUT audit of the fmancial statements in the UK, including the FRC'S Ethical Standard, and we have lfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sutTicient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the fmancial statements, 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 perfornied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to Continue as a going concern for a period of at least twelve months from when the fmancial 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 Teport. Other information The trustees are responsible for the other inforn)ation. The other information comprises the inforn]ation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the fmancial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the fmancial statements, our responsibility is to read the other inforn]ation and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstaten]ents, we are required to detern]ine whether this gives rise to a material misstatement in the fmancial statemenls themselves. If, based on the work we have perfonned, we conclude that there 15 a material misstateinent of this other information, 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 the audit: the information given in the Report of the Trustees for the fmancial year for which the fmancial statements are prepared is consistent with the fmancial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Report of the Independent Auditors to the Members or Home-start Down District Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstateinents in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if. in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the fanCIal statements are not in agreement with the accounting records and returns. 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 entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibtlities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied ihat they give a true and fair view, and for such internal control as the trnstees detemiine is necessary to enable the preparation of financial statements that are free from material mi55tatement, whether due to fraud or error. In preparing the ftnancial statements, the trustees are responsible for assessing the charitable company's ability 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 charitable company or to cease operations, or have no realistic alternative but to do so.
Report of the Independent Auditors to the Members of Home-start Doivn Distriet Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the f]nancial statements as a whole are free from material misstatement, whethei. due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an aiidit conducted in accordance with ISAS (UK) will always detect 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 taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: The extent to which ihe audit was considered capable of detecting irregularities including fraud. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follow5- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. owe identified the laws and regulalions applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the computer component manufacrIng and supply sector; we focused on specific laws and regulations which we considered may have a direct material effect on the fanCIal statements or the operations of the company, inclllding the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's fmancial statements to material mi55tatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. and onsidering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To addres5 the risk of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions. assessed whether judgements and assumptions made in deterniining the accounting estimates set out in the notes were indicative of potential bias- and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing fmancial statement disclosures to underlying supporttng documentation. reading the minutes of meetings of those charged with governance. enqull'ing of management as to actual and potential litigation and claims. and reviewing correspondence with HMRC. There are inherent limitations in our audit procedui'es described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compltance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the fmancial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Report of the Independent Auditors to the Menibers of Home-start Down District Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Coinpanies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to State to thein in an auditors, report and for no othei. purpose. To the thllest extent 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 body, for our audit work, for this report, or for the opinions we have fornied. Malachy (Senio for and on IfofM.B.M Chartered Accountants Statutory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS ra tatu ory Auditor) &Co i'a 16 November 2023