BOLSTER COMMUNITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Opinion We have audited the financial staternents of Bolster Comrnunity (the 'charity') for the year ended J l March 202J which comprise the Statement of Financial ActÈvities. the Balance SheeL the Statement of Cash Flows and the notes to the financial staternents, including a summary of signifjcant accounting policies. The financial reporting fratnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Stsndard 102 Thefinanclal Reporting Standard applicable in the UK and Repz4blic ofIrelap7d (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financiaI statements: give a true and fair view of the state of the charitable company's affatrs as at J l March 202) and of its incoming Tesources and application of resources, including its income and expenditure for the year then ended. have been properly prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janauary 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102). have been prepared in accordance with the requirements of the Cotnpanies Act 2006. Basis for opinion We conducted our audit in accordance with InternatiODal Standords on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's respoDsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK. including the FRC'S Ethical Standard, and we have fitlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained LS sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to Teport in respect of the following matters in relation to which the ISAS (LfK) require us to report to you where: the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. 01 the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The other inforniation comprises the inforniation included in the annual repor¢ other than the financial statements and our auditor's report theTeon. The trustees are responsible for the oth¢r infonnation. Our opillion on the financial statements does not cover the other information an(( except to the extent otherwise explicitly stated in our Tepo¢ we do not express any forni of &ssurance conclusion thereon. In connection with our audit of the financial staternents, our responsibility is to read the otheT infonnation and, in doing so, consider whether the other infonnation 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 mateiial inconsistencies or apparent material misstatements, we are required to detennine whether there is a material misstatement in the financial statements or a material misstatement of the other infomjation. If. based on the work we have perforn]ed, we conclude that there is a material misstatement of this other infonnat10 we are required to report that facL We have nothing to report in this regard. Page 10
BOLSTER COMMUNITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters on which we are required to report by txetption In the light of the knowledge and understandtng of the Trustees and its environment obtaincd in the coutse of the audil we have not identified material misstatements in the Trustees. Rep) We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in OUT opinion.. sufficient ac£ounting recor<ts have ftol becTt kepL or thc financial statements are not in agreement with the a¢counting rec4)rds' or certain disclosures of trustees. remunewion specified by law are not made. or we have not received all the infom)ation and explanations we require for our audiL ResponsibilitTres of trustees As explained more fully in the Statement of Trustees, ResnSi7}I11ties. the tnjstees, who are also the directots of the charity for the puryose of cotnpany law, are restK)nsible for the preparation of the financial sthtelnents and for being satisfied that they give a true and fair view, and for such internat Control as the directors detern)in¢ is necessary to enable the preparation of financial statements that are free from material mis5tstemenL whether due to fraud or error. In prcparing the financial statetnents, the trustees are responsible for assessing the charitys ability to continue as a going ncern, disclosing, as applicable, matters related to going concern and using the going concern basi5 of accounting unless the trustees either intend to liquidate the co]npany or to cease operntions. or have no realistic alternative but to do so. Auditor's responstbilities for the audit of the finanei21 st2temeThts Our objectives are obtain reasonable assurance alx)ut whether the financial ststements as a whole a free from material misstatement, whether duc to frdud or error, and to issue an audito¢s rep)rt that in¢lL¥Jes our opinion. Reasonable assufdnce is a high level of assurance, but is not a guarantee that an audit conducted in accordancc with ISAS (UK) will always dctect a aterial misstatement when it exists. Misstatements can arise from fraud or error and arc considered material if, individually or in the aggregat& they could re&sonably be expe¢led to influcnce the ecorAomic decisions of users taken on the basis of these financial Statements. Irregularities. including fraul arc instances of non-compliance with laws and regulations. We desi procedures in line with our responsibilities, outlined aEK)ve, to detect rnateria] misstatements in respect of irregularities, including fr&ll The extent to which our procedures are capable of detecting irregulariti4 including frau is detailed below. Expl2natlOll #5 to what extent the audit w*s considered capable of dete¢tillg irregulartties, including fraud The objectives of our audit in respecÉ of frau(L are to identify and assess the risks of matcrial mt5Statement of the financia] statements due to fraud- to obtain sufficient appropriate audit evidence regarding the assc5sed risks of material misstatement due to fraud, through designing and implementing appropriatc re5tK)nses lo those assessed risks; and to reswnd appropriately to instances of fraud or suspected fraud identified durtng thc audiL However, the priJnary re5FK)nsibility for the prevention and detection of fraud rests with both management and those charged with governance of the Charity. Our approach was as follows: We obtained an undcrstanding of the legal and ffgulatory requirements applicable to the charity and considered that the most significant are the Companies Act 2006 and the Financial Rerrf)rting StandaTd applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2015)- (Charities SOIiP (FRS 102). Enquiry of managemenL those charged with governance and ihe entitys solicitOT3 around actual and potential litigation and claims. Enquiry of entity staff irk compliance functions to identify any inslances of any non-cotnpliance with laws and regulations. Reviewing financial statement disclosures and testing to supw)rting documentation to assess cornpliance with applicable laws and regulations. Page 11
BOLSTER COMMUNTrY FIN.4NCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDEwf AUDITOR TO THE MEMBERS, Auditing the risk of management ovclde of controls, tncluding through testing jOUTnal entries and other adjustments for appropriateness, and evaluating the business ratiOne of significanl transactions outside the norn]al course of business. As part of an audit in accordance with ISAS (UK) we exercise professionaI judgement and maintain professional scepticism throughout the audiL We also- Identify and assess the risks of matertal tnisslatement of the financiat Ststem¢n whether due to frdud or error, design and perforni audit pro¢edures restM)nsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our Opinio The risk of detecting a tnaterial misstatemenl resulting from frdud is higher than for one resulting from error, &8 frdud may involve Collusio forgery. intentional omissions, misrepresentations, or the override of internal conttY)l. Obtsin an understanding of interna] control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for Éhc PUTFoses of expressing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disc105ures tnade by the directors. Conclude on the appropriateness of the directors, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material unccrtainty exists related to events or conditions that may cast significant doubt on the charity's ability to continuc &s a going concern. If we wnclude that a material uncertainty exists, we are required to drdw attention in our auditols rewrt to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conc]S1onS are based on the audit evidence obtained up to our auditovs rewrt. However, futurc cyents or conditions may Cause the charity tt) ce&se to continue as & going concern. Evaluate the overall presentation, structure and content of the financia] ststements, including the disclosures, and whether the financial statements rcprcsent the underlying transactions 8lld events in a manner that achieves fair presentation. A further description of our re5FK)nsibilities for the audit of the finaT)cial statements is located on the Financial RetM)rting Council's website at: http'.Ilwww.frc.org.uklauditorsresponsibilities. This description fornis part of our auditols rcporL We coJnmunicate with those charged with governance rcgardin& among other matters, the pla[ed scope and timing of the audit and significant findings. including any significant deficiencies in inten)ai ¢ontrol that we identify duTing our audiL Use of our report This report is made solely to the charitable company's members, as a Ix)dy. in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work h&$ been undertaken so that we tnight state to the charitable company's meTnbcrs those matters we are required to stale to them in an auditors, report and for no othcr purtK>Se. To the fullest extent permitted by law, we do not accept or assume reswnsibility to anyone other than the chariiable company and its members as a bod for our audit worL for this rep)rL or for the opinions we have forn)eLi LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEAREIL Stakntory Auditor O'EL4114 SHEARER CHARTERED ACCOUNTATrrrs AND STATUTORY AUDrroRS 547 Falls Road Belfast BTI 19AB Dated: 8th December 2023 Page 12