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 ￿p￿ry.} for the year ¢nded 31" MaTrh ?023 which comwise ihe Siatement of Financial Afflivities (Incl￿11 irbp)me and eArwdiiI￿t aCc￿ni}. Ihe Balance SheeL the Stalancni of Cash Flows and note5 10 the rin0nci￿ stsiemenis. a summ8ry of significani acc￿mIr￿ polieies. Tr fina￿la1 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 FIna￿l01 Repcyflng Si(¥￿ard oppllcable In ihe UK Re￿ibIl¢ 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¢ cOM￿ny,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 Inlem￿lI￿iI[ 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 re￿rt. We aR independeffj of the chÈritable compRry in accorda￿t 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 I￿1 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 S￿eMents is apprO￿late. Based £￿ the wcrt" hve ￿rft￿me￿ we havt Mt identifttl any rnaleri￿ u￿en11n1ies ￿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 wl*n 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 Infom￿1￿ 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.W*itly staled in our repo¢ we do noi e,xpress any forn) of assurdnce conclusion thereon. In COn￿lon with our audit of the firnncial Slat*neni& our responsibility is Io read fv ￿her infonnaiion a￿1. in doing 50. consider thier Ihe ￿her inforniation is materially inconsi￿en1 with th¢ fingncial ￿￿eMen15 or our knoi%'led8e obtained in Ihe audit or oiherwise apFrars to t* mwerially misstatrd. If ive identify s￿h material incons1xe￿•es or ap￿reTrI materiol miwaiemenls. Mt are required to deterniine wI￿ther Ilrre is maierial mi5si•lcmeni in rhe financial Mttements or a ma￿111 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 cOu￿e of the audit: Ihe inforniaiion given Sn tr￿lets. 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 uThJer*andin8 of Ihe clwirdble company and il5 eftvirotTrni obitined in the eourse of the audiL noi ideniilled maierial MI551a￿ments 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 adeq￿1¢ 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 di￿10$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 We￿re 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 fina￿1￿[ statements that are free from materi81 misstatement, whether due lo fraud or error. In preparing finineial $￿emem￿ t￿ Ina￿CeS afe le4>￿ts1b1e for assessing the ch&ritsble compw's &billry to Contin￿ as o going concern. disclosin& as applic8ble. matters related to going concern and [￿]ng the going coneem basis of accounting ￿lesS i￿￿ee$ 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 a￿11 CO￿ in a￿th￿an¢t with ISAS (UK) will alM•>T dffleci a materittl misstsliement when li exists. MisNatemeTrts can arise from frn￿l or error and 8fE C(xisidered material if. individ￿￿11Y or in thé a88regale. IlKy could re•sonably LE elF￿ed to influence the economlc decisions of user5 iaKen on Ihe basis of thyse fina￿1￿1 statemems. Irregularities: including fraud, are instances of non-compliance witli laws and re8ulations. We design procedures in line with our responsibilities. outlined above. to det￿t 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. 1K1￿ling frawj is detsiled below: Extent to which the audft was cofftslder￿ Cl￿ble 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 Frocedu￿5 Wnsive to those risks, including obtaining audit eVIde￿e 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&8ialL￿enl in respect of irregularities. inc1￿jIng non-coinpliance with law5 and ￿gUlatiOns. we considered the following: Audit rtspon$e to risks Identifled: the naliire of the industry and sector. control environment aiid charity's financi81 Tesults and position; Citr￿n1 COVID-19 environment. rc5u115 of our enquiries of managemffd alm￿¢ their own Idottification and asse5smern of tPt risks of irre8uiariiie any matters we identified liaving obtained and ￿VieWed the Charity-s documentation of their policies and procedures relaiing 10.. identifying. evaluating and eomplying w'itli lams and regulaiions and whether they were aware of any instances of non-compliance- detecting and res￿nding ￿ rhe Tr￿'s or rrnud and whether hve krThledge of any a￿￿1. SU5pecled or alleged fraud. and YOUTH WORK ALLIANCE LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH WORK ALLIANCE LTD {COMPANY LIMITED BY GUARANTEE) (continuedj YEAR ENDED 31 MARCH 2023 Page 12 Audltor's respooslbllltlu for ibe Audlt orth¢ flnafvd*l statements (eoffNNved) Audit response to rlsks Identified: Ihe interrnl c￿¢￿1$ esmblished io mrtl8ate risks of fra￿ or Th￿￿¢1)mplianCe wtih Iq*s aTrJ regulations: the mÈtters disc￿ed 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