Electrical Training (N.1.) Limited Company limlted by guarantee Independent Auditor's Report to the Trustees of Electrical Training IN.1.) Llmlted Year ended 31 August 2024 Opinion We have audited the financial statements of Electrical Training (N.1.) Limited (the 'charitable company,) for the year ended 31 August 2024 which comprise the statement offinancial activities. statements offinancial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: Give a true and fairviewof the state ofthe charity's affairs as at 31 August 2024 and of its total incoming resources and expenditure of sOUrCes. including its income and expenditure, for the year then ended., Have been properly prepared in accordance with United Kingdom Generally ACpted Accounting Practi., Have been prepared in accordance with the reqU1ments of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities underthose stsndards are further described In theAuditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. or the trustees have not disclosed in the financial statements any identified material unrtaintieS that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other infomiation The trustees are responsible for the other infomation. The other information comprises the information included in the trustee's annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial ststements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or othetwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemine whether the is a material misstatement in the financial statements or a material misstatement of the other information. Page 10
Electrical Training (N.1.) Limited Company limited by guarantee Independent Auditorfs Report to the Trustees of Electrlcal Training (N.[.) Limited Year ended 31 August 2024 If, based on the work we have performed, we conclude that there is a material misststement of this other inft)rmation, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities Act (Northern Ireland) 2015 requires us to report to you if, in our opinion: The information given in the financial statements is inconsistent in any material respect with the trustee's report: or The charitable company has not kept adequate accounting cords. or The financial statements are not in agreement with the accounting records and retums. or We have not received all the infomialion and explanats'ons we require for our audit. Re8ponsibllltles of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going conrn and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditor's respon81bllltles forthe audlt of the flnanclal statements We have been appointed as auditor under section 65(2) of the Charities Act (Northem Ireland) 2008 and report in accordance with regulations made under section 66 of that Act. 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 audttor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordan with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient 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, misrepresentations, or the override of internal control. Page 11
Electrical Training (N.1.) Llmlted Company IlmSted by guarantee Independent Auditor's Report to the Trustees of Electrical Training (N.1.) Llmlted Year ended 31 August 2024 Obtain an understanding of internal control relevant to the audit in orderto design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectj'veness of the charitable company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the 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 charitable company's ability to continue as a going concern. If we conclude that a material UnrtaInty exists, we are required to draw atlention in our auditorfs report to the related disclosures in the financial statements or. if such disclosures are inadequate, to modify our opinion. Our condusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. Evaluate the overall presentation. stwcture, and content of the financial statements. including the disclosures, and whether the financial statements repsent the underlying transactions and events in a manner that achieves fair presentstion. We communicate with those charged with governance arrtIng. among other matters. the planned scope and timing of the audit and significant audlt findings. including any significant deficiencies in internal control that we identify during our audit. Use of our report Thls report is made solely to the charitable company's twstees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations {Northem Ireland) 2015. Our audit work has been undertaken so that we might state to the chatitable company's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fUl$t extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have fomied. hn Flnnegan Senlor Statutory Auditor For and on behalf of Potter Finnegan Limited Unit 25 The Courtyard Business Park 190 Galgorm Road Ballymena Co Antrim BT42 1HL 28 April 2025 Page 12