ru no association McAleer Jackson Limited Chartered Accountants Church House 24 Dublin Road OMAGII Co "lyrone Date: 27 June 2023 BT78 1 HE Dcar Sirs RURAL HOUSING ASSOCIATION-2023 AUDIT The t"Ollo'1ng representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as i¥'"e consider necessary in connection ith your audit of the Rural Housing Association ("RHA") financial statements for the Jear ended 31 March 2023. These enquiries hae included inspection of supporting documentation where appropriate. and ar¢ sufrTicient to satisfy oUrseleS that we can make each of the following repr¢.sentations. All representalions are made to the besl of our knowledge and belief. General l. We have fulfilled our resEK)nsibilities as members of the Board. as set oul in the terns of your engagement letter dated 14 March ?0?3. under the Co-operatiie and Communiti. Benefit Societies Aci (Northern Ireland) 1969 and for preparing financial statements in accordance NNith applicable law. and United Kingdom Accounting Standards (Linited Kingdom Generall), Accepied Accounling Praciice). for being saiisfied (hai they give a true and fair view and for making accurate representations to j'ou. 2. All the transactions undertaken by the RHA have b¢en properly rcflccted and recorded in the accounting records. 3. All lh¢ accounting COrdS hav¢ been made available to you for the purpose of your audit. We have provided N'ou w'ith unrestricted access to all appropriate persons wiihin the R14A, and w'ith all other records and related infonnation requLsted, inc ludinLJ ijiinutes of all Board, g?L'neral and managemeni meetings. and correspondenLe 'Ith ihe II14A's reoulatory body. 4. The financial statements are free of material misstatemenis, including omissions. 5. The effects of uncorrected misstatements (as set out in the appendix to the audit completion summary) are immaterial boih individually and in total. Internal control and fraud 6. We acknoivledge our responsibilil!. for the design. implementation and maintenance of internal control to preN'ent and delect fraud and error. and ive beliei,'e that we have appropriatel), fulfil led th¢s¢ responsibil ities. Il'e hai-e disclosed to N'ou the result5 of our risk assessment that the financial statements may be misstated as a result of fraud. Rural Housing Associatior4Toll8ate House. 2 Kiftyclogher Roa¢J. Ovn4¥h. Ca.TyrE¥wTy BT79 OAX. Tel IO*AI A??4 A I 18 Wwwfyra'houri.8co FTrail Lrua]houSin.(Q U
- We have disclosed 10 you all insiances of known or suspecied fraud affeciing ihe RHA ini'olving management. emplos.ees th,ho hae a sionificant role in internal control or others where fraud could have a mal¢rial effect on the financial stalcmcnts.
- We hal'e also d isclosed to you all infonnation in relalion to allegations of fraud or suspected fraud affccting thc Rl.IA"s financial statements communicated by current or fomier emploj'ccs, anal)'sls, regjulators or others. Assets and liabilities
- The RHA has satisfactory titlL' to all assets and there are no liens or encumbrances on the RFIA'S assets, except for ihose that are disclosed in ihe notes lo the financial statements. l O. We are satisifed that the accruals reported in the financial statements of £986.876 and other creditors of £226,272 are accurale and complele. I l. We are satisifed that the net book i'alue of housino land and buildin2s in the accounts of £52,734:290 is fairlv N'alued and no impariment is required in Ihe Jear to i l March ?023.
- All aciual liabilities. continoent liabilities and guarnniees given to third parties have been recorded or disclosed as appropriate.
- We have no plans or intenlions that mav malerially alter the carrs'ing value and. 'here rclcvanl, Ihr fair i'(iIuc mC<lSurctncnts ur Ll¢lS5ifiLation of &155els and liabilities reflecied in the tinancial statements.
- We have not breached any covenants which might affect anv oulstanding loans. Accounting estimates
- Thc methods. data and significanl assumpiions used bv us in makingy accounting cslimatcs, and iheir rclated disclosures. are appropriale to achieve recognition, measurement and disclosure thal is reasonable in ihe contexl of thc applicable finaiicial reporting framework. Loans and arrangen)ents
- The companj. has noi granted any adi'ances or credits lo. or made guarantees on behalf of ' the Board of Management oiher than those disclosed in Ihe financial SL2iemenls. Legal claims
- We have disclosed to you all claims in conneclion wilh litigation that have been. or are expected io be. received and such mallers. as appropriate. have been properlN' accounted for and disclosed in the financial statemenls. LaTrvs and i"egulation5
- We haN'e disclosed io N'ou all known instances of non-compliance or suspected non- compliance wilh law's and regulaiions whosL" crr¢Lis should bc Lunsidcr¢d w'h¢n prcpi*iing lh¢ fiT]ancial statements.
Related partics 19. Related party relationships and transactions havc bcen appropriatcly aLivuiILrd fur <ind disLIused in thc financial staiemenls. Il'c have disclosed to you all relevant information concerning such relationships and iransactions and are nol aware of any othcr matters which rcquire disclosure in order to comply wilh the requirements of companv law or accounting standards. Subsequent events 20. All evenis subsequent io the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. Going concern 21. We believe that the RHA"s financial statements should be prepared on a going concern basis on the grounds that current and futurc sources of funding or support .][1 b¢ mur¢ Ihiin adequate for ihe RHA"s needs. Il'e also confirm our plans for t-ulure actinn(s) reqiiired to enable the R14A to continue as a going concern are feasible. Ille have considcrcd a pcriod of twclv¢ iiiuriiF15 frutn Ih¢ dale of approval of ihe financial statements. We believe that no further disclosiires relatin(y to the RHA'S ability, to continue as a going concern need to be madc in the financial staleinents. We acknowledge our Icgal responsibil itics rcgarding disclosuic of iIifoi"iiiatiuii lu vuu a auditors and confinrj that so far as li'e are ai¥"are, there is no relevant audit information needed by you in connection M'iih preparing N'our audit rcport of which you are unaw'are. The directors have taken all the steps that the ouohi to ha.¢ taken as a directors in order to make thcniselves am'are of<in)' relevant audii infomiation and 10 estsblish ihat you are aware (yf that inf()m12tir)n. Youi-s faitlifully Signed on behalt-of the Board of Management