INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE IA company Ilmtted by 9uarnnte8, nol havlng a share cawtar) Report on the audit of the financial sLitements Opinion We have audited the company financial statements of in(¥edABLE ('the c(¥npanYI for the financial year ended 31 March 2024 which comprise the Statement of Finanal Activities (incorporating an Income and Expenditure Account}, the Balan Sheet. the Slaternenl of Cash Flows and notes lo the financial slalernents, including the summary of significant accounting policies set out in note 2. 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. and Accounting and Reporting by Chaiities= Statement of Recommended practi applicable to charities preparing their accounts in accordance with FRS 102. In our opinion. when reporbng in accordance with a fair presentation framework the financial statements.. give a true and fair view of the state of the Company's affairs as at 31 March 2024 and of its surplus for the financial yeai then ended-, have been property prepared in accordance with United ngdorn Generally Apted Accounting Practice,. and have been prepared in accordance with the requirements of the CompanEs Act 2006 and the Charities Act (Northem Ireland) 2008. Basis for opinion Wp. rnndijrtpd oiir audit in accordance with International Standards on Auditin9 {UK) IISAS IUK}l and applicable law. Our responsibilities under those $tandards 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 accordan with elhi¢al requirements that are relevant lo our audit of the finanryal statements in the UK. induding the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtsined 15 sufficrenl and appropriate to provide a basis for our opinion. Conclusions relating to going ¢oncem In auditing the financial stalernents. we have concluded that the trustees. use of the going Concern basis of accourtling in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not Identd any material uncertainlie5 relating 19 events or conditions that, individually or collectivety. may cast signfficant doubt on trte eompany's ability to continue as a going concern for a period of at least e1ve months from the dale when the financial statements are aulhorised for issue. Our responsibilities and the responsibilriies of the trustees wilh respe¢t to going concern are described in the relevant sections of thi5 report. Other Intoation The other information comprises the information induded in the annual report other than the financial slalements and Ouf Auditols Report Ihereon. The tnjstees are responsible for the other inforTnation contained within the annual report. Our opinion on the ffnancial ststements d5 not cover the other infomation and, except lo the extent otheiSe explicitly stated in our report. we do not express any fonn of assurance conclusion thereon. Our responsibility is lo read the other information and. in doing 50, consider whether the other information is materially inconsistent with the financial statements or our knOWge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify suth 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 conclude that there is a material misstatement of this other infom)alion. we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matter prescrib by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the a1 the information given in the Trustees, Annual Report for the finanaal year for which the financial slalements are prepared 1$ consislenl with the financial statements- and the Trustees. Annual Report has been pPared in accordan with applicab legal requirements. 12
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE {A company Ilmlted by guartntse. not having a Sha ¢awtsl) Matters on whleh we are required to report by ex¢eption In the light of our knowledge and understanding of the company and its enwronmenl obtained in the course of the audit. we have not identified rnatetial misstatements in the Trustees. Annual Report. We have nothing to report in respect of Ihe followirvJ matters where the Companies Act 2006 requires us to report to you rf, 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 trustees, remuneration specified by law are not made., or the trustees were not entitled lo PJEpare the financial statements in acco[dan with the small companie5 regime and take advantage of the small ¢ompanies' exemption in preparing the Trustees. Annual Report. Responslblllties of trustees forthe financlal sL3tements As explained more fully in the Statement of Trustees, ResponsTri )ilities set out on page 7. the trustees a responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for su¢h inlemal control as they detemiine is netsssary to enable the preparation of finanaal slalements that ale free from material misslatemenl, whether due to fraud or error. In preparing the financial ststements. the truslees are responsible for assessing the company's ability to continue as a going concern, disclosing. as applicable, matters related to going concem 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 lo do so. Auditor's responsibilitigs for the audit of the financial statements Our objectives are to obtain reasonable assuran about whether the ffnancial ststements as a whole are free from material misstatement, whether due to fraud or efror. and to issue an Audilorfs Report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS (UK} will aayS delecl a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonabty be expected lo influence the economic deusions of users taken on the basis of these finanal statements. Irregularities, including fraud. are instsnces of non-complian with 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 lo which our procedures are capab of detecting irregularities. induding fraud is detailed below.. There is an inherent difficulty in detecttng irregularittes during audtt. However the effectiveness of entivs controls. the nature and extent of audit Prodre$ perfomied, gwes us cor¢fider¢ce in detecbng irregularities. Further infonnation regarding the scope of our responsibilitie5 as auditor As part of an audit in accorda[7 With ISAS {UKI. we exercise professional judgement and maintain professional seeplicism Ihroughoul the aud¢l. We also= Id¢ntfy and asses8 the ri3k3 of material mi¥8tatement of the , whether due to fraud or error, design and perfor audit pr¢xedures responsive lo those risks, and obtain audit eviden that is sufficient and appropriate lo 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 invofve collusion, forgery. intentional omissions. misrepresenlalions, or the override of intemal control. Obtain an understanding of intemal control reWant to the audit in order to design audit procedures that are appropriate in the circumstan. but not for the purpose of expressing an opinion on the effectiveness of the companls internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosuies made by trustees. Conclude on the appropriateness of the trustees. use of the going con¢em basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may casl signrficant doubt on the company's ability to continue as a going ¢on¢ern. If we conclude that a material unrtainty exists, we are required to draw attention in our Auditorfs Report lo the related diselosures in the financial statements or, rf such disclosures are inadequate. lo modify our opinion. Our conclusion5 are based on the audit eviden obtained up to the date of our Auditorfs ReporL However. fijtyjre events or conditions may cause the company lo ase to continue as a going coneem. Evaluate the overall presentation. structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underfying transactions and events in a manner Ihat achieves fair presentats"on. 13
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE IA company limited by guarantee, not having a Sha •1) We communicate with those charged with go¥eman garding. amor¥J other matter5, the planned scope and timing of the audit and significant audit findings. including any signrficant deficiencies in intemal control that we identify during our audit. Ruairi Magin {Senior Statutory Auditor) for and on b alf of OALY PARK & COMPANY LTD Chartered Accounlanls and Registered Auditors 4 Carnegie Street Lurgan Co. Aagh BT66 6AS Northem IrelarKI 16 l.ILIyt 14