South East Fermanagh Foundation Independent Auditors, Report to the members of South East Fermanagh Foundation We have audited the financial statements of the South East Fermanagh Foundation as set out on pages 26 - 34 for the year ended 31 March 2023, which comprise of the Slaiemenl of Financial Aclivilies, The sialement of Financial Posrtion, and the related notes. The financial reporting framework that has been applied in their preparation is applicable12w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's members those matters we are required lo slate lo them in an Auditor's Report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility 10 anyone other than the charitable company and its members, as a body, for our audit work, for this report, of for the opinion we have formed. Respective Responsibilities of Directors and Audltors As explained more fully in the Slalemenl of Directors, and Trustees, Responsibilities, the Directors (who are also the Trustees of the charitable company for the purposes of company law) are responsible for preparing the financial siaiemenls and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International standards on Auditing (UK and Ireland), Those standards require us 10 cornply with the Auditing Practices Board's Ethical Standards for Auditors. Scope of the audlt An audit involves obtaining evidence about the amounls and disclosures in the financial statements sufficient lo give ieasonable assurance that the financial sialemenls are free from material misslalemenl, whether caused by fraud or error. This includes an assessment of. whether the accounting policies are appropriate lo the company's circumstances and have been consistently applied and adequately disclosed., the reasonableness of signrficant accounting eslimales and judgements made by the directors,. and the overall preparation of the financial slatemenls. In addition, we read all the financial and non-financial information in the annual report lo idenlrfy material inconsistencies with the audited financial statements and lo identify any information that is apparently materially incorrect based on, or materially inconsisienl with, the knowledge acquired by us in the course of performing the audit. If we become aware of any appafenl material misstalemenls or inconsistencies, we consider the implications for our report. Basis of audit opinlon We conducted our audit in accordance with Auditing Standards issued by the Auditing Praclises Board. An audit includes examination, on a lesl basis, of evidence relevant lo the amounts and disclosures in the accounts.11 also includes an assessment of the significant estimates and judgements made by the South East Fermanagh Foundation members, in the preparation of the accounts, and of whether the accounting policies are appropriate lo the organisalions circumstances, consislenlly applied and adequately disclosed. We planned and performed our audit so as lo obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence lo give reasonable assurance that the financial slalements are free from material misslalement, whether caused by fraud or other irregularity or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the accounts. 24
South East Fermanagh Foundation Independent Auditors, Report to the members of South East Fermanagh Foundation (Continued) Opinion on Financial Statements In our opinion ihe financial siatemenls.. give a true and fair view of the charitable company's affairs as al the 31 March 2023 and of ils incoming resources and application of resources, including ils income and expenditure, for the year ended 31 March 2023, and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Opinion on Other Matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit, the information given in the Directors, Report for the financial year for which the financial statements are prepared is consistent with those financial statements and such reports have been prepared in accordance with applicable legal requirements, Matters on which we are required to report by exception: In light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misslalements in the Trustee's Report. We have nothing lo report in respect of the following mallers where the Companies Act 2006 requires us lo report to you if, in our opinion, adequate accounting records have not been kept, or returns adequate for our audit have not been received., or the company's financial slaiemenis are not in agreement with the accounting records and reiurns,. or we have not received all the information and explanations we require for our audit., or the information given in the Oireclors Report is inconsislenl in any material respect with the financial slalemenls. Noel Conn (Senior statutory auditor} For and on behalf of Noel Conn & Company, Statutory Auditor 7 Seven Houses Date 55 Upper Engllsh Street Armagh BT617LA 25