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￿ appIl￿ble 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 e￿den￿ 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.
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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 COn￿M. 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 con￿rn 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.
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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
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