LIGONIEL IMPROVEMENT ASSOCIATION Independent auditors, report to the members of LIGONIEL TMPROVEMENT ASSOCIA TION We have audited the fiiidnLial statements of LIGONIEL IMPROVEMENT ASSOCL4TION for the Ye ended 31 March 9023 which compiise the Statement of Financial Actiirities. the Sunllnary lllcome and Expenditure Account, the Balance Sheet and the relatd notes.The financial reporting framework thai h&s been applied in their preparaiinn is applic.able. law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Untted Kingdom Generally Accepted Accounting Practice). In our optnion, the accounts: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and applicatioTh of resources. for the Year then ended. - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting PractiLe" and havc bcen Prep<ed in accordance with the requirement5 of the companie.s Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable la.. Our responsibilities under those standards are further described in the Auditor'5 responsibilities for the audit of the financial statements section of our report. We independent of the charity in accordance with the ethical requirements that are relevanr to our audit of the financial statements in the UK, includin(T the FRC'S Ethical standd, and we have fulfilled our other ethical responsibiliues in accordance with these requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We remained independent of the Ollp and association in accordance with the ethical requirements that are relevant to our audit of the financial siaiements in the UK, which includes the FRC'S Ethical Standard and we have fijlfilled our other ethical responsibilities in accordance with these requirements. Conclusions relatiDg to going concern The trustees have prepa1 the fllwicial stafrmellts on the going concern basis as they do not intend to liquidate the Company or to ccasc their operations. They have also concluded that theTe Jie no material - UTJcertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year fron] the date of approval of the financial stalements ("the going concern period"). In our evdluation of the trustee's conclusions, we considered the inheient risks to the Company's business model and analysed how those risks might affect the Company. s financial resources or ability to continue operations over the going concern period. In auditing the financial statements, we have concluded that the trustee, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertaiThties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the dale when the financial statements are authorised for issue. However. as we cannot predict all fi]ture events or conditions and a5 subsequent events may result in outcomes that are inionsisienl with judoemenL5 that were reasonable ai ihe time ihev were made, the absence OA. reteTenLe to a maierial uncertainly in this auditor, s report is not a guaTante¢ that the Company wyill continue in operation. Page 8
LIGONIEL IMPROVEMI ENT ASSOCIATION Extent to which the audit was capable of detecting irregularities, including fraud Irregularities, including traud, are instance8 ot non-compli<1nce with laws and regulations. We desicrn procedures in Kine Miith our responsibilities, oudined aboiye, to detect material mtsstatements in respcct of irregularities. including fraud. The extent to which our procedures are capable of deteciing irregularities,. including fraud is detailed below: We gained an understating of the legal and the regulatory frame'0rk applicable tn the company and the industry in which it operates and considered the risk of acts by the company which were contrary to applicable laws and regulations, including fraud. These included but were not limited to compliance with United Kingdom Generally Accepted Accounting Practice (United Kingdotn Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and applicable law)" We focused on laws and regulations that could gtve rige to material misstatement in the financia] statements. Our tests included but were not limited to.. agreeTrt of the financial statement disclosures to underlying supporting documentation" enquiries of management" review of minutes of board meetings thToughout the petiod. and considering the effectiveness of the control environment and monitoring compliance with laws and regulations. We also communicated releirant identified laws and regulations and potential fraud risk to all engagement team members and remained alert to ally indications of fraud or non-compliance with laws and regulations throuohout the audit. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from events and transaction reflected in the financial slatements, the less likely we would become aware of it. As in all of our audits we addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that iepresellted a risk of material misstatement due to fraud. Our audit procedures were designed to respond to Tisks of material misstatement in the financial statements, recognising that the risk of noQ deieciing a material mi.sstatement due to fraud is higher than the risk of nol detecting one resulting from erri)r, as fraud may involve deliberate concealtnent by, for exatnple, forgery. misrepresentations or through collusion. There inherent litnitations in the audit procedures perforn]ed and the thrther removed non-compliance with laws and regulations is from the events and transactions Teflected in the financial statetnellts, the less likely we are lo become aWe of it. A further descrKption of our responsibilities for the audit of the accounts is located on the Financial Reporting CouDciI' s website at". http.'/lwww.frc.org.ukJauditorsresponsibilities. This description fonns part of our auditoVs report. Page 10
LIGONIEL IMPROVEMENT ASSOCIATION *:<r" - This report is made soleLy to the chatitable company's members, as a body, in accordaDce wirh Chapter _3 of Part l fi of Ihe COIIIp1ieS Aci 91106. Our autht work has bee.n iindttrtaken si) that we mi.Eht 4tLlte 10 Ihe chciritable compally's mLmbcts those matte15 ,¢ are required io stalc Ic) IhLill in auditors, rLpori and for no other pPOSe. To the tullest extent perniitted by laiv. WL do not accept or assume responsibility L() (y{)e other than tbe charitable company <ind the charitable company, 5 members as a body, for our audit work, for this report, or for the opinions we have fonned. Richard Mcclay FCA (Senior Statutory Auditor) For and on behalf of MLC.reery Turkington Stockman LTD l Lanyon Quay BELFAST BTI 3LG Chartered Accountants Ilth March 2024 Page 11