Cahoots Nl Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members
of Cahoots Nl Limited
MUIR & ADDY
CIAITEIII ICC•IITAITI
Year ended 31 March 2023
Opinion
We have audited the financial statements of Cahoots Nl Limited (the 'charity'} for the year ¢nded
31 March 2023 which comprise the stalernent of financial activities (including income and expenditure
account), statement of financial position, statement of cash flows and the related notes, including a summary
of significant accounting policies. The financial reporting framcwork that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Th¢ Financial
Reporting Standard applicable in thc UK and Republic of Ireland (United Kingdom Generally Accqjted
Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended.
have been properly pr￿ared in accordance with United Kingdom G¢n¢rally Accepied Accounting
Practice.
have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008.
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 audilor's
responsibilities for the audit of the financial statemenls section of our ryrt. We are indqjendent of the
charity in accordance with the dhical requirements that are relevant to our audit of th¢ financial stat¢m¢nts
in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the
circumstances set out below. and we have fijlfilled our other ethical responsibilities in accordance with these
requiretnenls. We believe that the audit evid¢nce we have obtained is sufficient and appropriate to provide a
basis for our opinion.
In auditing these financial statements w¢ have applied the"Ethical Standard- Provisions Available for Small
Entities" issued by the Financial Reporting Council, in the circurnstances set out in not¢ 25 to the financial
stal¢ments.
Conclusions relating to going concern
In auditing the financtal staternents, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have pafonned. we have not identif2ed any material uncertainties relating to events
or conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised
for issue.
Our responsibilities and the responsibilities of the tNstees with Tespect to going concern are described in the
relevant sections of this report.

Cahoots Nl Limited
Company Limited by Guarantee
Independent Auditorfs Report to the Members
of Cahoots Nl Limited (Continued)
MUIR & ADDY
¢IAITEIII ACCDIIIAITI
Year ended 31 March 2023
Other information
The other inforniation comprises the infonnation included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the oÈh¢r information. Our
opinion on the fjnancial statements does not cover the other inforn]ation and, excq)t to the extenl othen¥ise
explicitly stated in our report, we do not express any fonn of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and. in doing so, consider whether the other inforniation is materially inconsistent with the financial
stal¢ments or our knowlcdge obtained in the audit or othenvise appears to be materially misstated. If we
identify such material inconsistencies or apparent matcrial misstatements, we are required to detennine
whether there is a material misstatement in the financial statements or a material misstat¢rnent of the other
infonnation. If, basd on the work we have perfonned. we conclude thal there is a material misslatemenl of
this other inforniation, we are Tequired to report that facl.
We have nothing to report in this regard.
Matters on whieh we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of
the audit, we have not identifi¢d material rnisstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities Aci (Northern
Ireland) 2008 requires us lo report to you if, in our opinion:
the infonnation given in the trustees, report is inconsistent in any material respect with the financial
statements- or
adequate accounting records have noi been kept. or
the financial statements are not in agreement with the accounting records and returns" or
we have not received all the inforniation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view. and for such
internal control as the trustees deierniine is necessary to enable the preparation of financial statements that
are free from material misstatanent, whether due to fraud or error.
In preparing Ihe financial slatements, 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 charity or to cease operations, or have no
realistic alternative but to do so.
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Cahoots Nl Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members
of Cahoots Nl Limited (contlnu8d)
MUIR & ADDY
Year ended 31 March 2023
Auditor's responsibilities for the audit of the finaneial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. R¢asonable assurance is a high level of assurance, but is not a guaranlee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can
arise from fraud or e￿or and are considered matertal if, individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of users taken on the basis of these fmancial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is dciailcd b¢low'.
We discussed laws and regulations and fraud risks during our audit planning procedures. The company musl
comply with relevant legislation and prepare financial statements which give a true and fair view. Fraud is
most likely to tnvolve the misappropriation of charity assets, for example fraudulent payments which might
include the creation of fictitious suppliers or anployees or the changing of bank details.
Our engagement team collectively had appropriate experience of applicable laws and regulations and
comp¢lence to recognise non-compliance. We used checklists in evaluating the presentation, strncture and
contcnt of the financial stalements. We consider that our audit has a reasonable chance of detecting material
non-compliance with laws and regulations. We remain mindful that fraud, by its very natur¢, may be difficult
lo detect, and that misapproprialion may occur b¢fore transactions enter the accounting records of the charity.
Audil procedures were planned and perfonned lo test controls in place for authorisation and pa)ment of
supplier invoices and salaries. We also undertook analytical procedures io identify trends Ihat might indicate
fraudulent payments and we reviewed general ledger payments process¢d differently lo regular supplier
payments. We consider that our audit has a reasonable chance of detecting a material fraud in this area.
As part of an audit in accordance with ISAS (UK), we exercise professional judgmenl and maintain
professional sc¢pticism throughout th¢ audit. We also:
Edenlify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error. design and perforn] audit Procedures responsive to those risks, and obtain audit evidencc that
is suff1cient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve
collusion, forgery, intentional omissions, misrqiresentations, or the override of internal control.
Obtain an undcrslanding of internal control relevanl to the audit in order to design audit procedures ihat
are appropriate in th¢ circumstanc¢s, but not for the purpose of expressing an opinion on the
effectiveness of the internal control.
Evaluate th¢ appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
11

Cahoots Nl Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members
of Cahoots Nl Limited (contlnued)
MUIR & ADDY
¢IAITEIII A¢¢•IIIAII1
Year ended 31 March 2023
Conclude on the appropriateness of the trustees, use of thc going concern basis of accounting and, based
on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that
may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw attention in our auditor's report to the related
disclosures in the financial statements or, if such disclosur￿ are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up io the date of our auditor's report. However,
future events or conditions may cause the charity to cease lo continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair prcsentalion.
We communicate with those charged with gov¢rnance ￿gardIng, among other matters, the planned scop¢
and timing of the audit and significant audit findings. including any significant deficiencies in internal control
that we identify during our audit.
Use of our report
This report is made solely to the charity'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 state to the charity's members
those matters we are required lo state to them in an auditor's report and for no other purpos¢. To the fullest
extent pernittted by law, we do not accept or assume responsibility lo anyone other than the charity and th¢
charity's members as a body, for our audit work, for this report, or for the opinions we have fonned.
Paul Leathem FCA (Senior Statutory Auditor)
For and on behalf of
Muir & Addy
Chartered accountants & statutory auditor
427 Holywood Road
Belfast
BT4 2LT
6 September 2023
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