ADDNI LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Opinion We have audited the financial statem¢nts of ADDNI Limited (the 'charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet. the Statement of C&sh Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial rewrting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Siandards, including Financial Reporting Standard 102 Thefinancial Reporting Standard applicable in ihe UK and Republic oflreland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at J l 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 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). hav¢ b¢¢n 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 (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditovs responsibilities lor 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provid¢ a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the trustees, use of the going concern basis of accounting in the prepardtion olthe financial statements is not appropriate. or 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 tnonths from the date when the financial statements are authoris¢d for issue. Other information The other infonnation comprises the inforniation included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other infonnation. Our opinion on the financial statements does not cover the other information and we do not express any fornj of assurance conclusion thereon. In connection with our audit of the financial statem¢nts, our restM)nsibility is to read the other information and, in doing so, consider whether the other infonnation is materially inconsistent with the financial stateTnents or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deterniine whether there is a material misstatement in the financial statements or a material misstatement of the other inforniation. If. based on the work we have perf0rnie we conclude that there is a material misstatement of this other infonnation. we ar¢ required to report that facL We have nothing to report in this regard. Page 9
ADDNI LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters on which we are required to report by exeeption In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, ReporL 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 our opinion: sufficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records" or certain disclosures of tru5tees' remuneration specified by law are not made. or we have not received all the infonnation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities. the trustees. who are also the director5 of the charity for the purpose of company law, are responsible for the Prepardtion of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the directors detetrnine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the flnancial statements Our objectives are to obtain reasonable assurdnce about whether the financial statetnents as a whole are free frotn material misstatement. whether due to fraud or error. and to issue an audito¢s report that includes 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 eor and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the fmancial statements is located on the Financial Reporting Council's website at.. httP:/lwww.frc.org.uklauditorsresponsibilities. This description fornis part of our auditor's report. This report is made solely to the charitable companls members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this reporL or for the opinions we have fornied. LAWRENCE SHEARER F.C.A.. Senior Ststutory Auditor FOR AND ON BEHALF OF O'HARA SHEARER, Slatutory Auditor O'HARA SHEARER CHARTERED ACCOULYfANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI 19AB Dated: 26th March 2025 Page 10