YOUNG FARMERS. CLUBS OF ULSTER, THE
INDEPENDENT AUDITOR'S REPORT
TO THE EXECUTIVE COMMITTEE OF YOUNG FARMERS, CLUBS OF ULSTER, THE
Opinion
We have audit￿ the financial slalements of Young Famiers. Cbjbs of Ulster. The Ilhe 'Association'l lor the year
ended 31 August 2024 which comprise the statement cf financial a￿1vIlieS, Ihe balance sheet, the 51atemenl of cash
flows and notes to the financial stalements. induding significan., accounting pc4iaes. The financial reporbng
framework that has been applied in their prepafatior i% applicable law and United KIng￿rn Accountlng Standard5.
including Financial Reporting Sl8ndar(1102 The hndnual Reporting Standard apJlI¢a￿e in the UK and Republic off
Ireland (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion. the Iinancial statements".
give a true and lair view of the stale of I￿.e charrtatAe companrfs affairs as at 31 AJ9JSt 2Q24 and of 115
incoming resources and appli¢Xti￿ of resources. for the year then ended",
have been properly p￿pared in accordance with United ￿.￿g￿Orn Generally Accepted Accounting Practicè.,
and
have been prepared in accordance with the requirernents of the CompaniesAct 2006.
Basis for opinion
We conducted our audil in accordance wlh 1ntemats.onal Stsndaros on Auditing IUKI IISAS (UKII and applicable
law. Our rcsponsibilities under those standar￿S are further described in the Auéitor's responsibilits.es for the audit of
the finanGJal Staleft￿nts sectton of cHJr report. We are independent of the Association in accordance with the ethical
requir8m8nts that are rdevant to our audit of the financial statements In lfve UK. including Ihe FRC'S Ethical
Star￿ard, and we havé fulfilled our other ethicat respcffi5ibililies in accordance with these reqijirèmenls. We believe
that the audit evi(Sence we have obtained is sufficient and approrxiate to provide a basis for opinion.
Conclusions rèlating to going concern
In audityng the financial slalervents, we have conGlud8d Ihal the ExecJJtive Committee use of the going concèrn
basis of accounting in the preparation of the finanual statements is appropriate.
Based on the work we have perfomied, we havp not Kl8nttfied any ￿tella1 LJn(*rtainlies relating to events or
conditions that, individually or collectively, may cast signifi¢ant doubt Dn th9 Assocaation's abilily to contniue as a
going con￿rn for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilibes and the responsibilibes of the Executive Committee wlh respect lo going Loncem are desGribed
in the relevant sections of this report.
Other infonmation
The oth8r information comprises the Inf￿rnatiOft fflduded in the annual ￿port othor than the financ¢al ststements
and our auditorfs report Ihereon. The Extcutive Committee are responsible for Ihe othef infomation contained
￿￿thIN the annual reporL Our opinn)n on Ihe financk41 slalemenls does r￿1 cover the other Info￿all￿ and we do not
express affly form of assurance condusion thereon. Our resFK¢nYb￿•tY is to read the oth8r information and. in doing
so. consider whether the other information is materially inconsisknt with the financial statements or our tho%thedge
obtained In the course of the audit. or otherw5e appears lo be materially misstate(l. If we identify such material
inu>nsistenc¢es or apparent material ￿￿SS￿ternants. we are required lo determine whether this gives rise to a
material fTussia'.ement in the financ4al siatemenls themselves. If. based on Ine work we havè perfLffted, we
conclude that there is a material mi5slalemÈnt of this other information. we are requi￿ d to report Ihat facL
We have nothing to report In this rega￿.

YOUNG FARMERS. CLUBS OF ULSTER. THE
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE EXECUTIVE COMMirrEE OF YOUNG FARMERS. CLUBS OF ULSTER, THE
Matters on whiGh we are requiTed to report by exception
We have nothing to report in respect of the following matters in relation lo which the Charibe5 Accounts and RepKJrts
Regulations INorthern Ireland) 2015 requires us to Teport lo you if. itt our opinion..
Ihe infomialion given iry the financwl ststements 15 inwnsistenl in any fflalerial respecl with the Executive
Cofnrnrtiee rÈpDrt", or
SuffI￿eN., acc¢unling records have not been kepl", or
the financial statements are not in agreement with the accounting recotd5- or
we have not received all the infO￿natIOn and explanations we require for our audit.
Responsibilities of Executive Comrnittee
As explained tnorè fully in the staternenl of Executive Committee respcfftsibililies. the Executive Committee, who are
also the cjirectors of the Association for the purpose of company law, are reSponsi￿e foi the pieparation of the
financial statements and for being salisfied Ihat they give a true and fair view. and for such internal control as ihe
Executive com.mittee determine is necessary to enable the PTeparation of financial statements that are fre2 from
material rni5Statemgnt. whether due lo fraud or error. In preparipg the financial statements, the Executive
Cofflmitlee are responsible for assessing the As50Ciation's ability to continue as a going concern. disclosing. as
applicable. matters related to going concem arKJ using the going cor.cem basi5 of accounting unless the Executive
Committee either Intend to liqu.date the charitable company or to Gease operations. or have no realistic alternative
bul to do so.
Auditorfs responsibilitie5 for Ihe audit of the finanGial staternentS
We have been appointed as auditor uncer secliDn 6512) of the Charities Act (NoTlhern Ireland) 2008 and report i
accordance with the Act and relevant regulalions made or having effecl thereun(ler.
Our objeclivg5 are lo obtain reasonable assuran￿ about whelher the financi31 statemenls as a whole are free fro
m2terial misslatewnenl, whether due to fraud or oiror. ana to Issue an auditorfs report that include5 Qur opinion.
Rea50nablp assurance is a high level of a55ufftnce but is not a guarantee that an audit conducted in aGcordance
with ISAS IUKI will always detect a mateial misslatemert when it exists. Mi5Stalements can arise from fraud or
error and are considered matenal rf, individually or in Ihe aggregate. they could reasonably be expected to influence
the economic dec',sions of users taken on the basis of thes8 financial statements.
Irregularities. inclLtding Iraué, are instances of non-compliance wth laws and regulations. Wc design procedures in
lin2 w'th our iesponsibilities. outlined above. to deièct rraterial misstatements in respect of irregulaiities, including
fraud. The extent to which our Procedures are capable of detcctinq irTegularib"es. including fraud, Is detailed below.
Our approach to identrfying and 355e5sing the risks of material misslatement in fest>ecl of irregularities, induding
fraud and non-compliance with laws and regulations. was as follows..
the engagement partner ensured that the engagjrnent team cdleclivcly had the appropriate competence,
capabitities and ski115 to idenbfy or recognise non-compliance with applIca￿e laws and reguialions,.
we identffied Ihe Idws and regulati￿ts aptAicable lo the company Ihrough diS￿JSSIOnS with directors andlor
senior management. and from our comrnercial k￿C￿edge apd experience of the sector,
we focused on speofic laws and regulations we considered may tt8ve a direct matertal effect on the
finanaal statemenis or the operations of tb.e company. including Companies AGt 2006. taxation legislation,
data protection. anti-bn"bery, employment. environmental and health and safety legislation
we assessed the extenl of Complian￿ ifvilh the laws and regulab.ons ￿entIfied above through making
enqLJiries of managerrieDI ano inspeding legal correswktence.. and
idenltfied laws and regulations were communirated ¥ylthtn the aLJdit tearn regularly and the team remained
alert to instances of norKompliance throughout the audiL

YOUNG FARMERS. CLUBS OF ULSTER. THE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE EXECUTIVE COMMITTEE OF YOUNG FARMERS. CLUBS OF ULSTER, THE
We assessed the SLtsceptibility of the company s financial statements to material misslalement. including obtaining
an understanding of how fraud might occur. by:
making enquiries of Thanagement as lo where Ihey Gonsidered Ihere was susc£ptibility tD fraud. their
knowledgé of actual. suspected an¢J all￿ed fraud". and
Considering the inlemal controls place to milvJale iisks of fmud and non-compliance with laws and
gulations.
To addres5 the risk af fraud through mawTagemenl bias and override of Contr￿5. we.,
performed analyhc31 procedures lo identify any Ljnusual or unaxpeGted rèlatlonships,.
tested joumal entries to identify unusud transacb"ons',
assessed whether Judgements and asSuMpt￿nS rnade in deterrrtining the accounting estimates set tjul in
Note 2 were indicative of potential bias,. and
Investigat8d the rationale behind 5ignifscanl CY unusual transactions.
IrTr response to the risk of irregulartties and ￿￿-￿IMpliance Wit￿ laws and regulations. we designed procedures
whicl) included, but were not limited lo=
agreeing financial statement disclosures lo underfying supporting d0￿Mentabo￿',
re2ding the minules of meetings of Ihose charqed ivith govema?ce'.
enquiring of management as lo actual and potential liligabon and daims.
There are inherent limilations in our audit procedures described at)ove_ The more retnoved that la%vs and
regulations are from financkgl transacbons. the le55 likely it is that we woukj become aware of non-&)M￿larTh.
Audilin9 Standards also limit tho audrt procedures required to identify ntyKxJM￿1ane£ ￿t￿ laws and tsgulations 10
enquiry of thg directors and other management and the inspection ol regulatory and legal Coffe¥￿rKIe￿ce. Sf 8ny.
Material misstatemenls that arise due to fraud can be harder lo detecl ihan those that arise from effor as they may
invdve deliberate Concealment or collusion_
A further description of our iesFK)nsibililies is available on the Finar￿>￿I ReKM)rting Council's website al: https."Il
vnNw.frc.org.ukJauditorSresponsibilrt￿s. This descriptim foffns part of our auditof's report.
Angela Craigan (Senior Ststutory Auditor)
for and on bèhalf of Harbinson Mulholland
Chartered A¢Gountants
Statutory Auditor
6th Floor East Tower
Lanyon Plaza
8 Lanyon Pla
Bdfast
Co. kntrim
BT1 3LP
Harbrnson Mulholland Is eligible for appoInt￿ent a5 auditor of the Association by virtue of its eligibility for
appointmenl as auditor of a company under seth.on 1212 of the Companies 2006.