Page 30 - Cinnamon Network Annual Report 2019/20

INDEPENDENT AUDITOR’S REPORT TO TO THE THE TRUSTEES OF THE THE CINNAMON NETWORK
Opinion
We have audited the financial statements of The Cinnamon Network (the ‘charity’) for the the year ended 31 March 2020 which comprise the Statement of Financial Activities the Balance Sheet the the Cash Flow Statement and notes to the the financial statements including a a a a a summary of significant accounting The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard Standard 102 The Financial Reporting Standard applicable in in the UK and and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) In our opinion the financial statements:
n n give a a a a true and fair view of of the the state of of the the charity’s affairs as at 31 March 2020 and of its incoming resources resources and application of resources resources for the the year then ended n n n n have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and n n n n have been prepared in accordance with the requirements of the Charities Act 2011 Basis for opinion We conducted our audit in accordance with International Standards on
on
Auditing (UK) (ISAs (UK)) and applicable law Our responsibilities under those standards are further described in the the Auditor’s responsibilities for the the audit of the financial statements section of our report We are independent of the charity in in accordance with the ethical requirements that are relevant to our audit of the the financial statements in in the the UK including the FRC’s Ethical Standard and and we have fulfilled our other ethical responsibilities in accordance with these requirements We believe that the audit evidence we have obtained is is sufficient and appropriate to provide a a a a a basis for our opinion Cinnamon Network charity no 1156985 Annual Report 1 1 1 April 2019 – 31 March 2020 Conclusions relating to going concern
Whilst the deficit on
unrestricted reserves is cause for concern
and raises uncertainty over the the going concern
of the the charity having reviewed the continuing work (pages 24-25) that is being performed by the the board to improve the the reserves in in this and over the coming years we can see evidence that the reserves have and should further improve over the the next three years Other information
The trustees are responsible for the the other information
information
The other information
information
comprises the the information
included in in in the the trustees’ annual report other than the the financial statements and our auditor’s report thereon Our opinion on
on
on
the the financial statements does not cover the the other information
and except to the the extent otherwise explicitly stated in our report we do not express anyformofassuranceconclusionthereon In connection with our audit of the financial statements our responsibility is to read the the other information
and in in in doing so consider whether the the other information
is is materially inconsistent with the financial statements or our knowledge obtained in in the the audit or otherwise appears to be materially misstated If we identify such material material inconsistencies or apparent material material misstatements we are required to determine whether there is is a a a a material misstatement in the the the financial statements or a a a a a a a material misstatement of the the the other information
If based on
on
the the the work we we have performed we we conclude that there is a a a material misstatement of this other information
we are required to report that fact We have nothing to report in in this regard 30 INDEPENDENT AUDITOR’S REPORT TO TO THE THE TRUSTEES OF THE THE CINNAMON NETWORK