INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE IA company limited by guarantse, not havlng a $harn capital) Report on the audit of the financial ststernents Opinion We have audited the company finanoal statements of incredABLE Cthe company'l for the financial year ended 31 March 2023 which comprise the Statement of Financial Activrties (incorporating an Income and Expenditure Account), the Balan Sheet, the Statement of Cash Flows and notes to the financial statements. including the summary of significant accounting poliaes set out in note 3. The finanaal reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi appIlble to charities preparing their accounts in accordance with FRS 102. In our opinion. when reporbng in accordance wtth a fair presentation framework the financial statements.. give a true and fair view of the state of the companys affairs as at 31 March 2023 and of its surplus for the financial year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Ad 2006 and the Charities Act (Northem Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that are relevant to our audit of the finanaal statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe Ihat the audit eden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements, we have conduded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material unortainties relating to events or conditions that, individually or collectively. may cast significant doubt on the company's ability to continue as a going concem for a period of at least e1ve months frc*n the date when the financaal statements are aulhorised for issue. Our responsibilities and the responsibilth.es of the trustees with respect to going concern are described in the relevant sections of this report. Other Infonnation The other infomiation comprises the information included in the annual report other than the financial statements and our Auditor's Report Ihereon. The trustees are responsible for the other informalion contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report. V do not express any fomi of assurance conclusion thereon. Our responsibilty is to read the other information and. in doing so. consider whether the other information is materially inconsistent wilh the finanaal statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied. we ndUde that there is a material misstatement of this other informalion, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit= the infomiation given in the Trustees. Annual Report for the financial year for which the financial statements are prepared is consistent wth the financial statements- and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements. 12
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE (A company limited by guarantee, not having a share capital) Matters on which are required to report by exception In the light of our knowledge and understanding of the company and its environrnent obtained in the course of the audit, we have not identffied material misststements in the TnJstees' Annual Report. We have nothing to report in spect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept; or the financial statements are not in agreement with the accounting records and retums.. or certain disclosures of Irustees, remuneration speafied by law are not made; or the trustees were not entitled to prepare the finanaal statements in accordance with the small companies regime and take advantage of the small companies. exemption in preparing the Trustees, Annual Report. Responsiblllties of trustees for the financial statements As explained more fully in the Stalement of Trustees, Responsibilities set out on page 7, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they 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 company's ability to conlinue as a going COnM. disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements 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 Auditorfs 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. Misstatements can arise from fraud or error and are considered material rf, indrvidually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, induding fraud. are instances of non-compliance wtlh laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. induding fraud is detailed below: There is an inherent difficulty in detecting irregularities during audit. However the effectiveness of entity's controls, the nature and extent of audit procedures perfomied. gives us confidence in detecting irregularities. Further infonnation regarding the scope of our responsibilities as auditor 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 , whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit eviden that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecling a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery, intenbonal omissions. misrepresenlations. or the override of internal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriale in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Ihe company's intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimales and related disclosures made by tnjstees. Conclude on the appropriateness of the tTUStees' use of the going conrn basis of accounting and, based on the audit evidence obtained, whether a matertal uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concem. If we conclude that a material uncertainty exists. we are required to draw attention in our Auditorfs Report to the related disclosures in the financial statements or, if such disdosures are inadequate. to modify our opinion. Our conclusion5 are based on the audit evidence obtained up to the date of our Auditorfs Report. However, future evenls or conditions may cause the company to cease to continue as a going concem. Evaluate the overall presentation. structure and content of the financial staternenls, including the disclosures, and whether the financial statements represent the underiying tran&tionS and events in a manner that achieves fair presentation. 13
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE {A company limited by guarantee, not having a share capltal) We communicate with those charged wrth g0veMan regarding. among other matters. the planned scope and timing of the audit and signtficant audit findings, including any significant defiaencies in intemal control that we identify during our audit. Ruairi Maginn enior Ststutory Auditor) for and on behalf of DALY PARK & COMPANY LTD Chartered Accountants and Registered Audttors 4 Carnegie Slieet Lurgan Co. Armagh BT66 6AS Northem Ireland 111h December 2023 14