Report of the Independent Auditor5 to the Members of Home-start Down District Opinion We have audited the financial statements of Home-start Down District (the 'charitable cornpan) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the fmancial statements. including a summary of significant accounting policies. The fllwicial 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 financial statements: gÈve a true and fair view of the state of the charilable companys affairs as at 31 March 2024 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 IUK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements Section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Siandard, and we have fulfilled our other ethical responsibilkties in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient 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 fmancial statements is appropriate. Based on the Work we have perfornied, we have not identified any material uncertainties relating to events or conditions that, indkvidually 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 financial statements ate authorised for issue. Our responsibilities and the responsibilities of the tnteeS with respect to going concern are described in the relevant sections of this report. Other inform2ti¢Jn The trustees are responsible foi the other infonnation. The other infonnation comprises the inforn]ation included in the Annual Report, other than the financial statements and our RetK)rt of the Independent Auditors thereon. Our opinion on the fukclaI statements does not cover the other information 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 responsibllity is to read the other inforn]ation and, in doing so, consider whether the other infomation is materially inconsistent with the fmancial statements or our knowledge obtained in the audit or otherwise appear5 to be materially rnisstated. If we identify such material inconsistencies or apparent Material misstatements, we are required to deterniine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfonned, we conclude that theTe is a material mtsstatement of this other Informatio 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 inforniation given in the Report of the TSteeS for the fmancial year for which the financial 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 of 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 misstateTneThts 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 Teport 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 fmancial 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 inforniation and explanations we require for OUT audit. or the trustee5 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 Tntees. Responsibilities of trustees As explained more 1]Y in the Statement of Trnstees, Responsibilities, 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 that they give a true and fair view, and for such internal control as the trustees detennine is necessary to enable the preparation of fmancial statements that are free from material misstatement, whether due to fraud or error. Ill preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees etther intend to liquidate the charitable company or to cease operations, or have no realistic altematkve but to do so.
Report of the Independent Auditors to the Members of Home-St2rt Down District Our responsibilities for the audit of the rtnancial stalements Our objectives are to obtain reasonable assurance about whether the fmancial statements as a whole are free frorn material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that include5 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 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the awegate, they could reasonably be expected to influence the economic decisions of user5 taken on the basis of these fmancial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: The extent to which the 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 follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skÈlls to identify or recognise non-compliance with appl)ble laws and regulations. owe identified the laws and regulations applÈcable to the company through discussions wrth directors and other management, and from our commeIal knowledge and experience of the computer component manufacturing and supply sector. we focused on specific law5 and regulations which we considered may have a direct material effect on the fmancial statements or the operations of the company. including the Companies Act 2006. taxation legislation and data protection, anti-bribery, employmenL 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 Èdentified 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 companys f]nancial statements to material misstatement, 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 considering the internal controls in place to mitigate risks of fraud and non-cotnpliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: perfornied 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 estimafrs set out in the notes were indicative of potential bias. and investigated the rationale behind significant or unusual transactions. In response to tbe risk of iegUlar1tÈeS and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing fanCIal Statement disclosures to underlying supporting documentation. reading the minutes of meetings of those charged with governance. enquiring of management as to actual and potential litigation and claims" and reviewtng COLTespondence with HMRC. There are inherent limitations in our audit procedures described aErf)ve. 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-compliance 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 frdud can be harder to detect than those that arise from eor as they may involve deliberate concealment or collusion. A rther desciiption of our responsibilities for the audit of the fllmncial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This descriptton forn]s part of our Report of the Independent Auditors.
Report of the Independent Auditors to the Members 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 Companies Act 2006. Our audit work has beert undertaken so that we might state to the charitable CoMpanS metnbers those matters we are required to state to them in an audito, report and for no other purpose. To ihe lIest extent pernLitted 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 repor¢ or for the opinions we have fonned. Malachy B rady enior S for and on be ofM.B.Mc Chartered Accountants Statutory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. DOWTL BT30 6DS atu ady ry Auditor) 15 November 2024