## **CTS Ltd Independent Auditor’s report to the members of CTS Ltd for the year ended 31 March 2024** We have audited the financial statements of CTS Ltd for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, and the related notes. These financial statements have been prepared under the accounting policies set out therein. This report is made solely to the 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 state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the members, for our audit work, for this report, or for the opinions we have formed. ## **Respective responsibilities of the trustees and auditors** The trustees' (who are also directors for the purposes of company law) responsibilities for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) are set out in the Statement of Trustees' Responsibilities. Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors. ## **Scope of the audit of the financial statements** We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 2006 and the Charities Act (Northern Ireland) 2008 and whether the information given in the Trustees' Annual Report is not consistent with the financial statements. We also report to you if, in our opinion, the charitable company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding trustees' remuneration and other transactions is not disclosed. We read other information contained in the Annual Report, and consider whether it is consistent with the audited financial statements. This other information comprises only the Trustees' Annual Report. We consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to any other information. ## **Opinion** We have audited the financial statements of CTS Ltd for the year ended 31 March 2024 and, in our opinion, the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources; - have been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102); - the information given in the trustees’ report is consistent with the financial statements. **______________________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors** 9 ## **CTS Ltd** ## **Independent Auditor’s report to the members of CTS Ltd for the year ended 31 March 2024 (Continued)** ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act (Northern Ireland) 2008 require us to report to you if, in our opinion: - proper books of account have not been kept by the association in accordance with the requirements of the legislation; - a satisfactory system of control over transactions has not been maintained with the requirements of the legislation; - the income and expenditure account or other accounts (if any) to which our report relates, and the Statement of Financial Position are not in agreement with the books of account of the association; - we have not obtained all the information and explanations necessary for the purposes of our audit. ## **______________________________ Sean Gerard Cavanagh Senior Statutory Auditor For and on behalf of SCC Chartered Accountants & Statutory Auditors** 17 College Street Armagh Co. Armagh BT61 9BT ## **25 June 2024** **______________________________________________________________________________________________________ SCC - Chartered Accountants and Statutory Auditors** 10