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 Finan￿al 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 A￿pted 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 Ident￿￿d 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 Into￿ation
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 d￿5 not cover the other infomation and, except lo the extent
othe￿iSe 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 knOW￿ge 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 a￿1
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 p￿Pared 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 a￿ayS 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 finan￿al 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 Pro￿d￿re$ 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 re￿Want 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
un￿rtainty 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. A￿￿agh
BT66 6AS
Northem IrelarKI
16 l.ILIyt
14