Cahoots Nl Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cahoots Nl Limited MUIR & ADDY Year ended 31 March 2024 Opinion We have audited ihe financial stsiemellts of Cah(Kyis Nl Limited (the 'chartty') for ihe year ended 31 March 20•4 which comprise ihe statement of financial activities (including income and e.xpenditure accoun1}. siatemenl of financial position, sthtement of cash flO'S and ihe related notes, including a summary of 5ignificani accounting policies. The financial reporting framcwork ihat h&5 been applied in their preparation is applicable la and Uniled Kingdom Accounting Standards. including F RS I O? The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (Linited Kingdom Generally Accepted Accounting Practice). In our opinion ihe financial statements: give a true and fair view of the state of the charitN's affairs as ai 31 March 2024 and of its incoming resources and application of resources. including its income and expendiiure. for the y.ear then ended- have been properly prepared in accordance '1th United Kingdom Generall). Accepted Accouniing Practice. have been prepared in accordance with the requirements of the Chariiies Act (Northern Ireland) 2008. Basis for opinion We conducted our audil in aCL0rdCe with International Siandards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those slandards are fvrther described in Ihe audito5 responsibililies for the audii of the financial statements section of our repon. Wc are independcnl of the charit). in accordance with the eihical requiremen that are relevant to our audii of ihe financial ststements in the UK. including the FRC'S Eihical Siandard. and the provisions available for small entities, in the eircumstsnces sel oui below, and we have fulfilled our other eihical responsibilities in accordance with these requiremenis. We believe that the audit evidence we have obtained is su1clet and appropriate to provide a b&sis for our opinion. In auditing these financial siatements e have applied ihe""Eihical Standard- Provisions A vailable for Small Entities" issued by the Financial Reporting Council. in the circumstances set out in note 25 10 the financial slatements. Conclusions relating to going concern In atsdiling the financial slatements, we have concluded that the trustees, use of the gotng concern basis of accounling in the preparalion of ihe financial STalemenis is appropriaie. Based on the w'ork we haN'e pcrfomed. M'e have not ideniified ani" material uncertainties relating to events or COT)ditions IhaL individuall). or colleclively. may casl signiticant doubi on the charitj s abilit). io continue as a going conceTn for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilitie5 of ihe truslees with respect lo going concern are described in the relevant Sections of this report.
Cahoots Nl Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cahoots Nl Limited Icontinued) MUIR & ADDY Year ended 31 March 2024 Other information The other informalion comprises the inforniaiion included in ihe annual report. oiher than the financial statements and our auditor s report thereon. The iTUSiees are responsible for the other inforniation. Our opinion on the financial statements does noi cover the other infomiation and. except to the extenl Other ise explicitly stated in our report. we do nol express an) fonn of assurance conclusion theOn. In connection wilh OUT audit of the financial ststements. our responsibility is to read the other information and, in doing so. consider wheiher the oth¢r inforniaiion is maierially inconsisient wilh ihe financial statements or our knowledge obtsined in the audii or oihenvise aparS to be maierially misstated. If 'e idenlif! such material inconsistencies or apparent malerial misstalements. we are required io deterniine wheiher there is a Tnalerial misstaternent in ihe financial slatemenls or a material misstalemeni of the other information. If, b&%ed on the work we have performed, we conclude that there is a material tnisstatemenl of this oih¢r infonnation. we are required io report thai facl. We have nothing to report in this gard. Matters on which we are required lo report by exeeption In the lighi ofthe knowledge and understanding of the charity and its environment obtained in the course of Ihe audit. we have not identified material tnisstaiements in the trusie¢s' report. We have nothing io report in reSct of the following matters in relation to 'hICh the Charities Act (Northern Ireland) 2008 requires LLS lo report to you if, in our opinion: the infonnalion given in the tnlees, report is Inconsistent in any material respect wilh the financial slalernents" or adequate accounting records have noi been kept" or Ihe financial smiements are not in agreemenl with the accounting records and returns: or we have nol received all the inforniation and explanations require for our audit. Responsibilities of trusttts As explained more fully in ihe truslees, responsibilities stsiement. the Irusiees are responsible for the preparalion of the financial staiements and for being saiisfied that the). give a irue and fair view. and for such internal control as the trustees delern)ine is necessar). to enable ihe preparation of financial staiements ihai are free from malerial misstalemenl. whether du¢ io fraud or error. In p paring the financial slatements. Ihe trustees are responsible for assessing ihe chariry's abiltty lo continue as a going concem, disclosing. a5 applicable, matters relaled io going concern and using ihe going ¢oncem basis of accounting unless ihe trustees either intend to liquidaie the charity. or lo cease operations. or have no realistic alternative but io do so. 10
Cahoots Nl Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cahoots Nl Limited (continu MUIR & ADDY Year ended 31 March 2024 Auditor's responsibilities for the audit of ibe financial stalcments Our objectives are to obtain reasonable &ssurance atrx)ut "hether the financial siatemenis as a whole are free from material mi55tatement, he[her due to fraud or eOr. and io issue an auditor s report that includes our opinion. Reasonable assurance is a high level of a55urance. bul is noi a guarantee ihat an audil conducted in accordance with ISAS (UK) will alM'aN's delect a material misstatement when li exists. Misstalements can arise from fraud or error and are considered maierial if. individuall or in the aggregate. they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial slalcments. Irregularilies, including frau(L are instsnces of non-compliance with laws and regulations. We design procedures in line wilh our responsibilities. ouilined above. io delecl maierial missthiements in respect or irregularilies, including frnud. The extcnl to which our procedures are capable of detecting irregularities. includin8 fraud is delailed below= We discussed la s and regulalions and fraud risks during our audii planning procedures. -l-he company mu81 compl). wilh releNani legislaiion and prepare financial SlementS iTr¥hich give a true and fair view. Fraud is most likel). to involve the misappropriation of chariry assets. for example frdudulenl pay"menis which might include the creation of fictitious suppliers or emploi'ees or ihe changing of bank details. Our engagernenl leam colleciively had appropriate experience of applicable laws and regulalions and competence to recognise non-compliance. We used checklists in evaluaiing the presenlalion. structure and contenE of the financial statements. We consider thal our audil has a reasonable chance of detecting material non-compliance '1th laws and regulations. We remain mindful ihat fraud. bi its i'ery nature. may difficuli io d¢iccl. and thai misappropriation mai occur before transaciions enter ihe accounting records of the charity. Audit procedures M."ere planned and perfonned to iesl controls in place for auihorisatioii and pa) ment of supplier invoices and salaries. We also undertook analvtical procedures to identify. trends Ihai mighi indicate fraudulent payments and we reviemed general ledger pavmenis processed differenil). io regular Supplier payments. We consider that our audii h&s a reasonable chance of detecling a malerial fraud in this area. As part of an audit in accordance with ISAS (UK). w'e exercise professional judgmenl and maintain professional scepiicism ihroughoul the audii. We also: Identif). and &8sess ihe risks of material misslatemenl of the financi31 statements. ,he1her due lo fraud or eOr. d¢sign and perfonn audit pri)cedurcs responsiN'e io ihose risks. and obtain audii evidence that is sufficient and appropriate to provide a basis for our opinion. -l-he risk of noi detecting a material misslalernent resuliing from fraud is higher than for one resulting from error. as fraud ma>. involve collusion, forgery. inteniional omissions, misrepresentations, or the override of internal control. Obtain an understhnding of internal control relevanl lo ihe audil in order lo design audit procedures ihat are appropriaie in ihe circumsiances. but noi for ihe purpose of expressing an opinion on the effeciienes5 of the internal control. Evaluate ihe appropriaieness of accounting w)licies used and the re&wnableness of accounting estimates and related disclosures made by the Iruslees. 11
Cahoots Nl Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cahoots Nl Limited (continued) MUIR & ADDY Year ended 31 March 2024 Conclude on th¢ appropriaieness of the trustees, use of the goiT]g concern basis of accounting and. based on the audit evidence obthined. wheiher a material uncertaintj exisls rclaied to cvents or conditions that may. cast significant doubi on the chants s ability" lo continue as a going concern. If we conclude thal a material uncertainly cxists, H"c are required io draN4" attention in our auditor s report to the related disclosures in the financial slatemenis or. if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audii evidence obtained up 10 the dale of our auditor's report. However. future events or conditions ma). cause lh¢ charii) lo ce&se io continue as a going ¢oncem. Evaluate the overall presenlation. structure and content of the financial statements. including ihe disclosures. and whether the tinancial slatements represent ihe underli'ing transactions and events in a manner thal achieves fair presenlation. We communicate with those charged wilh govemance regarding. ainong other matters, Ihe planned scope and liming of the audit and significani audii findings. including anj significant deficiencies in inlemal control Ihat we ideniifj. durin¥ our audit. L'se of our report This report is made solely to the charity's members: as a bodj. in accordance N*ith Chapter J of Part 16 of the CoTnpanies Act ?006. Our audil Ork has been undertaken so that "e might stale to the charity's members those matters we are required to stale lo ihem in an audilor's report and for no other purpose. -1-0 ihe fullest exient permitied by la, we do not accept or assume responsibilit). lo ani one other than the charity. and the charity's members as a Ix)d>'. for our audit work. for this repoTL or for the opinions we have fomed. Paul Leathem FCA (Senior SlOry Auditor) For and on behalf of Muir & Addy Chartered accountanls & siatutory auditor 427 Holywood Road Belfast BT4 2LT 17 Ociober 2024 12