YOUTH WORK ALLIANCE LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH WORK ALLIANCE LTD (COMPANY LIMITED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 Page 9 Opinion We have audited the finartial ateMents of Youih Work. Alliance Lid (the 'clwitsble pry.} for the year ¢nded 31" MaTrh ?023 which comwise ihe Siatement of Financial Afflivities (Incl11 irbp)me and eArwdiiIt aCcni}. Ihe Balance SheeL the Stalancni of Cash Flows and note5 10 the rin0nci stsiemenis. a summ8ry of significani accmIr polieies. Tr finala1 reporting frwnework ihal hs been applied in their Wcpftrniion 15 applicable law Uniied Kinsdon Aca>uniing SiaThJ&rd inel¢Mling fina ial Reportin8 Stathrd l Q 7Tre FInal01 Repcyflng Si(¥ard oppllcable In ihe UK ReibIl¢ of Irel0 (Uniied Kingdom Genernlly Ac¢eFrted AccoLmtiJ Praaice). Iii our opinion tlie financial statements.. give a true and fair view of tlie state of the cliaritabl¢ cOMny,S affairs as at 31 March 20?), and of its incoming resource5 and application of resource& in¢ludin8 its income and expendilure. for the year then ended. have been proFvly pryT in accordan¢e with Unlted Kingdom Gelmlly Accwed Ae¢fMmii Prnaire: and have been prepared in accordance with Ilie requirements of the Coinpanies A¢t 2006. Basis for opinion We conducted our audtt in accord•e with InlemlIiI[ Sthndards Audltin8 (UKXISAs(UK)) aThl applic&ble law. Our respon5ibiliiies der those xandards a furttr described in the Auditor's resp)nsibililies for the audil of the financial 51atements scclion of rert. We aR independeffj of the chÈritable compRry in accordat wid) the eihlcal requirements th are relevant ro ow audii of tl rinancial 5talemens in the UL includin8 Ihe FRC'S Ethical Standard. and provisions availabk f(r small vJrtities, in ilie circumgartts set in noi¢ 23 10 the firnncial 5tatement& aThl we Imve fulfilled our ofher ethiul responsibililies in acecthce with these ryuirements. We believe that audit evide obtsined is sufficiert I1 lo provide a t•sis for our opinio Con¢luslons relatlng to golng concern In auditing the financial statements: we have concluded that the trustees. use of the going concern basis of accounting in of the finana41 SeMents is apprOlate. Based £ the wcrt" hve rftme we havt Mt identifttl any rnaleri uen11n1ies latIng io events or conditions tliat. individually or colleclively, may cast sionificant doubt on the chartty's ability to crrtinue •$ a goin8 concern for a of at le twelve MOTh from wln the fiNnciil slatements are authorised for i&sue. Our resFm44bilities and resFKmsibilitie5 of t Inths wilh respe to goin8 co are dwilxd in the relevant sections of this report.
YOUTH WORK ALLIANCE LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH VVORK ALLIANCE LTD (COMPANY LIMITED BY GUARANTEE) {¢ondnuedJ YEAR ENDED 31 IVIARCH 2023 Page 10 Other information The trustee5 Are responsli >le for the other inf¢xmaiioTh The other Infom1 eonprise5 any infomiaiion orher than finwKi&l stttternenis and our auditor's report th¢reon. OUT opinion cffj I rin&ncial statements does noi cover the other inf(rmation and: except to the ex'tent otherwise e.Witly staled in our repo¢ we do noi e,xpress any forn) of assurdnce conclusion thereon. In COnlon with our audit of the firnncial Slatneni& our responsibility is Io read fv her infonnaiion a1. in doing 50. consider thier Ihe her inforniation is materially inconsien1 with th¢ fingncial eMen15 or our knoi%'led8e obtained in Ihe audit or oiherwise apFrars to t mwerially misstatrd. If ive identify sh material incons1xe•es or apreTrI materiol miwaiemenls. Mt are required to deterniine wIther Ilrre is maierial mi5si•lcmeni in rhe financial Mttements or a ma111 missthterneni of t Informatio If. bas¢d on the work we hve perfomie(L we conclwk thai there is a msierial mi5Stfttemei?l of this other inf(rnwIO we are required to report tht f8ffl. We have nothin8 to report in this regard. Oplnions on other mAtters prescribed by th¢ Companies Act 2006 In our opinion, based on the work undertak.en in Ilie cOue of the audit: Ihe inforniaiion given Sn trlets. rew (lrytin8 the diTEfflors' report) ftir the finwKial year for which the finan¢i•l 51atements prepared is onsisern wilh the financial miementy, the directors, report has been preparEd in accordance with applicable legal requirements. Matters on ii,hich ive are required to report by exceptlon In the ligth of txtr knowledge and uThJerandin8 of Ihe clwirdble company and il5 eftvirotTrni obitined in the eourse of the audiL noi ideniilled maierial MI551aments in the diredors. We hve nothing to repon in respeffl of the followi maiers in relation to which the C*JnrAnies A¢t 2006 requires us to report to YQLI if, in our opinion: adequlte accounting records have nDt been kepL or reurns adeq1¢ for our audit hive been receTved from brnnche5 fK)t visited by us: or the finoncial tstemellts are in a8reement wlth ihe acc¢)urning records ftnd rawn& or certftin di10$UreS of diredtxs. remuneraiion specified by law are not ma(k: or we have nol received all the lnfonn81ion I e.xplanaisons we require for our audil: or the Iru51ees tre Mt enliiled io Were fiTxn¢iat soiemenis in accordarte with the small eompanics gime aNI take adv8ntsge of IIK small mnpanies" exemptions in Prepari ihe directors. report and from the requirement lo Prepa a strdtegic report.
YOUTH WORK ALLIANCE LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOLrrH WORK ALLIANCE LTD (COMPANY LIMITED BY GUARANTEE) { Page 11 Colltintrtdj YEAR ENDED 31 MARCH 2023 Responsibilities of trnstees As e.xplained tnore fully in the stalement of directors. resp)nsibilities sei out on sX8es 7 8. Ihe (who are also dtrethors of cjwitsble company for the wrpose of¢omw law) are responsible for the prepwion oftlk fingncial ststefft ind for bein8 saiisfied ihat Ihty give al In and fair view. aThJ for swh internal control as rnll¢ee5 deffmiinc is necewry lo enable the preparfion of fina1[ statements that are free from materi81 misstatement, whether due lo fraud or error. In preparing finineial $emem t InaCeS afe le4>ts1b1e for assessing the ch&ritsble compw's &billry to Contin as o going concern. disclosin& as applic8ble. matters related to going concern and []ng the going coneem basis of accounting lesS iee$ wiiher intend to liquidate Ilr clwritstle compny or to cease operdtions, or have no realistic altemalive bul lo do so. Auditor's r¢sponsibrllties for the audlt of the flnancial statements Our objectives are to obtain reasonable assurnnce ai)ut whetller tk firnncitl siatements iy[le are free from m4leTial miWatemenL whdher due to or error. and l015sue an audiror's repon Ih41 inclth Ix opinion. Reasonebl¢ assurance 15 a high level ofassurnn¢e. bth is n¢X a 8iMTant¢e that an a11 CO in athan¢t with ISAS (UK) will alM•>T dffleci a materittl misstsliement when li exists. MisNatemeTrts can arise from frnl or error and 8fE C(xisidered material if. individ11Y or in thé a88regale. IlKy could re•sonably LE elFed to influence the economlc decisions of user5 iaKen on Ihe basis of thyse fina11 statemems. Irregularities: including fraud, are instances of non-compliance witli laws and re8ulations. We design procedures in line with our responsibilities. outlined above. to dett material misstsiements in re¥xffl of irfe8ulaTi1ies. including frnud. The specific prttedwes for this engagement arnl the exiem io which 11 capable of deteciinB iJYE8ularities. 1K1ling frawj is detsiled below: Extent to which the audft was cofftslder Clble of detecting Irreeularltles Includlng frnud We identify and 153ess the risks of material misstaiemeni of the finw)cial *iiements. whether due to fraud or error. and then design and perfomi the audii Frocedu5 Wnsive to those risks, including obtaining audit eVIdee Ilmt is 5ufficieffl and apprnprith to provide a b•sis for our opin50 Idtntlfylng #Dd #sses51ng pottntlal risks rtlated io Irregularltles In idenlifving and assessing risks of makrial mI&8ialLenl in respect of irregularities. inc1jIng non-coinpliance with law5 and gUlatiOns. we considered the following: Audit rtspon$e to risks Identifled: the naliire of the industry and sector. control environment aiid charity's financi81 Tesults and position; Citrn1 COVID-19 environment. rc5u115 of our enquiries of managemffd alm¢ their own Idottification and asse5smern of tPt risks of irre8uiariiie any matters we identified liaving obtained and VieWed the Charity-s documentation of their policies and procedures relaiing 10.. identifying. evaluating and eomplying w'itli lams and regulaiions and whether they were aware of any instances of non-compliance- detecting and resnding rhe Tr's or rrnud and whether hve krThledge of any a1. SU5pecled or alleged fraud. and
YOUTH WORK ALLIANCE LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH WORK ALLIANCE LTD {COMPANY LIMITED BY GUARANTEE) (continuedj YEAR ENDED 31 MARCH 2023 Page 12 Audltor's respooslbllltlu for ibe Audlt orth¢ flnafvdl statements (eoffNNved) Audit response to rlsks Identified: Ihe interrnl c¢1$ esmblished io mrtl8ate risks of fra or Th¢1)mplianCe wtih Iqs aTrJ regulations: the mÈtters disced am(ms the audit ¢nga2emeni rEgdrding liow and where fraud might occur in the financial statements and potential indicators of fraud. As a result of tliese procedures. we c<widered Iht the pftrticular areas in the flnancial 51atements thttt were susceplible to misstaiemem were relared io marmsemenl bi&s in Dccouniing Kiimates and jtmlgements; recOll10 ClSIficlOn and complderts of inccme. In common witli all audits under ISAS (UK). are also required io perforni specific prur¢S lo res)rnI to the rlsk of managefftenl overrfde. We also obtained an understanding of the legal and reBulaiory frnmeworks thi the Charity Opern I fU$l8 on provisi¢fts of il)ose laws Rnd Tegulaii(mS t1 had & direct effect on the deieniiinaiion of material amounts aThJ disc1051tres in fininciil statements, Tr key li3 and regulatio H'e eorn%ideTrd in thts conte.%i in¢11¢d Chriiy le8isla¢ion applicable w Nortrn IlIn& Cherity's governin8 d(Kument. employment law. health and safety and tax legislation. We also mIned an understhndin8 of tlr legal and regulaiory frnnwOrK"s ¢lmi the Charity opmies i focuslng on provisions of ihose laws and rc8ulari5 thai Jmd a dire effe¢1 on the tem]natiOn or material amounts and disclosures in the fimncial SMm?enis. Tr kev I&w5 and regulations ¢owidered in this eontexi inc]led ChBrity le8islition appl}ble to Nort1 Ire1w Clwity's Bovomln8 d¢xumenL employment law. healtli and safety and i&Y legislation. In addition. considered &Yovisior6 of(Xher law5 aF¥J reBulations thaf do not have a direct etrect on the rinaneial xalements compllantt wilh tch may be fundamentAI to the Charity'5 ability io owate or lo avoid a Materi pernlty. Oiir predlireS to respond to risks identified include the following: identifying and assessing Ilie design effectiveness of controls management has in place to prevent and detect frdud: reviewing ihe finthcial statemenis di10$ureS and te5TiIE fo SUPWrting dcKUmUttl0n assess complionce with wovisions OrlevtISwS And re8ukntions (kxrilrd as hBvln8 a d1 efftct on the financial atements. eryuiring of mafwgrnt and exrr•l legal advisors Ly)ncerni rrnl and Wernijl liti8ation and eloims: Fxrfornll arnlyrical procedwe5 10 idefflify fftny linwl or un¢Kperted rdaiionships that mav indicaie risl of Mtrial missthiements due to fraud: reading minules of meetin8s ofihose ¢tMrged with governance: obi•inin8 an undersianding of Wisions and holding di5wl4 with MageMe TO dtand the b05is ofrecognitioo and in addSSifA risk" of fi7ud throw mawemeN OVaTide of contro& ksfin8 approvlaien of j(xrnl entries and other adjwments including t1 relaling 10 venue recognitl0lL 8SSts5ing whether the jud8emenis mkde in mak'ing accountiiig esiimares are i1)di1ve of wemial bias: and eva]Lwling the rationale ofanv significanl Iransa¢tions IlkAI are la LmuSU lx outside Trom c(KUse ofthe ¢hRrity's aciivities.
YOUTH WORK ALLIANCE LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH WORK ALLIANCE LTD (COMPANY LIMITED BY GUARANTEE) {contlnu•d) YEAR ENDED 31 MARCH 2023 Page 13 Auditor's responsibilities for the audit of the fipaneigl statements fconiiniied) We also eoinmunicated relevant identified laws and regulations and potential fraud risks lo all engagement teams members and remained alert lo any indications of fraud or non-compliance with laws and regulations tliroughout tlie audit. Beouse of rhe ithrern limilaliTh of an audiL there is a risk. thai we will not delea ill irre8ularlii incIaln8 tSe leading lo a material misStstn¢nt in Ihe fina[al lleMen¢S or non4ompliance wtth re8ulition. This risk 1c8Se$ ihe rnore that compliance wirh a law or regulftiion Is removed fr<xn i events and traffjactions refl&Yed in tl)e fin&neial Statemen as we will be less likely lo Lycome aw of irstantts of rthKOmplbae. Tr rfsk Is also 8reater regardirg irregulari(ies (Kciirrin8 due io fraud rntlxr than err. as fraud involves inientiOTtal concealment, forgery. eollusion. LYnis5iori or miswresthtsiion. We are Th)t responsible for pmenling n(Invcompliance aThl cannot be ¢xpeauJ 10 detect non4ompliance witli all laws and regulations. As part of an audit in accordance with ISAS (UK). we exercise professional judgement end maintain professional scepticism throughout the audit. We also: identify and assess ilie risks of material misstatement of the financial statements. u,heiher due io fra1 or error. design ond nn audit pucedures Sponsive io tlM)se risk& ftnd oblain I11 evidence th81 15 SUITlent and appropriale lo provide a basis fLY our cyiniffi. The risk of nal dMeciin8 a maieriai missratemert resultin8 frDm fraud is higher than for one resultlng from error. as fraud may involve collusion. forgery. inteiitional omis5ion5. mi5representation4 or the override of intemal control. Obtain an understanding of internal conzrol relevani to the audit in order to design audit procedures Éh&( appvopriate in thp CirclS1e5, Ixrt not for Ihe PWF<K of exFfeSSi an opinion the effKtiveness of the Charitable company's internal control. Evaluate the approwi•lew of accowiiing policies ar Ihe sOnablen•sS of •ccourtins estimaies and related disclosures made by the trustees. Conclth Lm approFff1aie of the trumecs. use of ihe goin8 ethKYn tmsis of acc4)umlT and based on the alh evidence oained whedv a Mer111 uncertainly eX1.S relaied to events or condilions tPot may cax significani dout Ihe ch•ritable company's abiliiy to Conlin Is a going concern. If we Conc1le ihai ma11 uiKenainry ex1 we are requrred 10 drnw atteniion in wr audiiof's Irpcri lo Ihe rElaied disclosures in fiMnci81 statem¢nts or if sh disclosures are ina&quate, lo modify our opinion. Our concluSTons are Iyased on rhe audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause the ch2ritable company lo cease to continue as a going concern. Evaluate the overdll presentation. slrueture and Content of the financial Slatemenls, including the disclosures. and whetlier the financial statements represeni t] underlying transactions and events in a Inanner tliat achieves fair presentation. We communicate with those charged wilh governance regarding: among otlier matter& tlie planned scope and timing of the audit and significant audit findings. incliiding significant deficiencies in infrrnal control that we identify durints our audit.
YOUTH WORK ALLIANCE LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH WORK ALLIANCE LTD (COMPANY LIMITED BY GUARANTEE) {eontinued) YEAR ENDED 31 MARCH 2023 Page 14 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 t] Comwanies Acr 2006. Our audit work has been undeftaken so that we might state to the charitable company's member5 those matteTS we are required to slate to them in an auditor's report and for no otlKr purN)se. To ttx fullest iytent pemiitted by law. we do not or assume responsibility to anyone ot]r tFAn th clwilable C(panY the eharitable wmwy's members as a btsjy, for our audit work. for this report. or for Ihe opinions we have formed. BRYAN J FRIAR F (Senior Statutory ALiditor) For and on belialf of JACKSON ANDREWS Chartered Accountants & Statutory Auditor Andras House 60 Grear Victoria Street Belfast BT2 7ET lJ¥vJf