Company ie818tr8tion number.. Nt026172 ChaTity r¢Btstsation numb¢r. 101211 Antrim Enterprise Agency Limited (A wmpllny Ilmited by AnnuAI Report and Fiwincial Statemunt¥ for the Y¢ar Ended 31 M8r¢h 2024 D. T. CARSON & Co CHARTERED ACCOUNfANrs 51- 53 THOMAS STREET BALLYMENA CO. AwfRIM BT43 6AZ TEL . 028 2565 2389 FAX . 028 2565 1295 Email . info@dtC8rson.com CHARTERED ACCOUNTANTS IRELAND
Antrim Enterprise Agency Limited Independent Auditor's Report to the Members of Antrim Enterprise Agency Limited Opinion We bave audited the finaDcial ststements of kntrim Enterprise Agency Litllitcd (the 'clLarity') for the year ended 31 Marcb 2024, which comprise the Statement of Financial Activitics. Balance Sheet, and Not¢s to the financial Statemellts. including a sumtw of significant accounting policies. The financial reporting fraTllcwork th&t has bccll applied in their prq)aration is applicable law and United Kingdo Accountiug Standards. including FiDancial Reporting Standard 102 The Fitwicial Reporting Standard applicable in thc UK and Republic of trcland, (UDitcd Killgdom Generally Acccpted Accountillg Prdctice). tn our opinion tbe fillancial statemellts: give a tme and fair view of the state of the ckwity's affairs as at 31 March 2024 and of its incoming resources and application of rcsourccs. including its Incon and expenditure. for the year thcll cllded. have been properly prepared in aCcOrdae with United Kingdorll GCDCllY Accepted AccountiDg Prdctice" bave been prepared in accordanc¢ with the r¢quiTem¢nts of the Compallies Act 2006. Basis for opinion We COLU¢led our audit iu a¢cordance with International Staadards on Auditing (UK) {ISAs (trK)) and applicable law. Our respon8ibilities wider those standards are furtber described in the auditor responsibililies for the audit of the fmancial statements section of our report. We are i]¢Pendent of th¢ charity in accordance with the ¢thical r¢quirements tbat are relevant to our audit of thc financial statements in Ih¢ UK. in¢ludillg the FRC'S Ethical Standard, and we have lfilled our other ethical responsibilities in Y¢¢cordance with these requirements. W¢ beli¢ve that the audit evidence we have obtained is sufflciellt alld 44)propriate to provide a basis for our opinion. Concluslons relating to golug concer In auditing tbe thwncial slat¢m¢llts, w¢ hav¢ concluded that tbe trustees use of the going concerD basis of accOulg in the preparation of the financial ststements is appropriate. Bascd on the work we bave perfornie4 we bav¢ not identifia any material uncertainties relating to events OT conditions that. individually or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelv¢ months from when the original financial statements are authoris for issue. OUT responsibilities and the responsibilities of the trustees witb reSpt to going concern are desttibed in the rclevant scctions of this ieport. Other inforatiO Thc other inforKllation COTllPriSCS thc inforniation included in the Trustres. Report. other than the financial statements al our auditor's report thereon. The truste¥ arc rLsponsible lor the other inforniatioll contsined within thc TtU5tc¢s' Rcpott. Our opillivn on the financial statements does not cover tbe other infomiation aniL except to the extent othcThvisc cxplicitly stated in our repor¢ we do not express any forni of assurancc collclusion thcieon. In connection with our audit of the financial statements. our rcspon5ibility is to read tbe other infomiation and, in doing so. considcr whcthcr thc otbci inftbtllmtion is materially inconsistent with the financial statements or our kuowledge obiaiDed in th¢ audit or otherwise appears to be materially misqtaied. If we identify such matcriai inconsistcncies or apparellt terial tni55talements. we are required to deterniille wbether there is a material misstat¢m¢Tht in the financial ststements or a material misstatement of the other inforniation. If. based on tbe work we have performed, we conclude that ther¢ is a material misstatement of this other infortnatioJ4 we are required to report that fact. Page 16
Antrim Enterprise Agency Limited Independent Auditor's Report to the Members of Antrim Enterprise Agency Limited We have nothing to report in this regard. Opinion on other matter prerAd by the Companies Act 2006 Itt our opinioll, based on the work undertaken in the course of the audit.. the infonnation given in the Trustees, Report for the llnciaL year for which the finallcial statcments are prcpared is consistent with the financial statcmcnts. and the Tntstees, Rcport has been prepared in accordance with applicable legul rcquirclltents. Matters on Ivhich we are required to report by exception In the light of our knowledge and und6rstanding of the charity and its environment obtained in the course of the audiL we have not identified nmterial MItatcmCllts ill thc TStees, ReporL We have nothing to report in r¢spect of the following matters in Iclation to which the Cotnpanies Act 2006 requires us to report to you if, in our opillion-. adequate accounting records have not been kep( or ret[ adequate for our audit have not be¢n received from branches not visited by us" OT the fmancial statements are not in agreement with the accounting records and retums. or certain disclosures of tsust¢¢s remuneration specified by law are no¢ Ttwle" or we have not re1Ved all the infOrnll0n and explanations we require for our audit. Responsibilities of trustees As explained more thlly in tbe Starnent of trustr¢s' responsibilities (sel out on page 14), the trustees are respollsible for the preparatioll of th¢ fmallcial stalemellts and for being satisfied that they give a true and fair view. and for such infrrnal Control as the trustees determine is ¢ssary to enable the preparation of financial stalements that are free from Iaterial misststement, whetber due lo fraud or error. In preparing the financial slatertnts. the trustres are responsible for assessittg the cbarlty's ability to continue as a going Conce dÈsclosin& as applicable, nwtters related to going concern and using the goiDg concern basis of accounting unless the ttustees either intend to liquidat¢ th¢ charity or to cease operations, or have no realistic alternative but to do so. Auditor responsibilltieg for the audit of the fth¥dnclal statements Our objectives are to obtain reasoTrable assurancc about whether the financiat statements as a whole are free from material misstatemeDL whether due to fraud or error, and to issuc au auditor's rcport that includes our opinion. ReLsonable assurance is a high Icvcl of assurance. but is not a guarantee that an audit Conducted in accordance with ISAS (UK) will always detect a mateti&l misstatcmcnt whcn it CXi5ts. Misstatements can aTiSC from fraud or error and are consideTcd material 1£ individually or in the aggregate. they could reasonably be expected to infiuence the economic dlSIOnS of ugcts takcll OTh the basis of these fmallcial statements. Irregularities, iticluditE frau¢ arc itLStances of non-compliance with laws and regulatioos. We design predureS in line with our rcsponsibilities. outlined above. to detect materia] misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of det¢¢ting irregularities. including fraud is detailed b¢low. Page 17
Antrim Enterprise Agency Limited Independent Auditor's Report to tbe Members of Antrim Enterprise Agency Limited . We obtained an understanding of the legal and regulatory fram¢work applicable to thffcfrmpatsy and th¢ sector in which they operate. We determined that the following laws and regulations were most significant.. the Companies Act 2006 and Charities Act (NorthcttL Ireland) 2008 and we deterynined that the finaoctal reporting framework used w&8 FRS 102 and Accoulltillg and Reporting by Cljarities: Statement of Recomthended Practicc applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (efttive l January 2019)" . We obtained aD understanding of how thc Cotnpany are complying with those legal. regulatory and financial Teportillg frameworks by mathg inquiries of management and through thc review of the meetings of the Itee8. and . We assessed the sus¢eptibility of the Company'5 financial statcnicnt5 to material D]i&statellLenL including how fraud might occur. Based on the results of our risk &sses5m¢nt we designed our audit procedures to identify non-rornpliance wtth such18w5 and r¢gulations identAfied above. Audit proc¢dur¢5 performed included: - identifying th¢ nature of the industry sector and business p¢rfornunce' - enquirlllg of management about their own identification atld assessment of the risk of itregulariti¢s and whetbeA they have any knowIodge of ally actuaL suspected or alleged fraud. - reviewing Board minutes. - identifying and assessing the desigti effectiveness of controls rnana8ennt ha5 in place to prevent and detect - understanding how thos¢ charged with 8overnance considcrcd and addressed the polential for ov¢rride of controls or other inappropriate infiuence over tbe fmancial reporting proc¢ss" - identifying and assessing tbe extent of compliance witb laws and rcgulations alld enquiring of management if they are aware of ally instance of nollcompliance" - assessing assutnptioDS aud judgements made by manag¢ment in its sigllificant accounting estimates for r¢asonabl¢ness" - performing analytical procedures to identify any unusual or unexpected variations that rL4qy iudicate risk of material mis8tatenTrnt due to fraud; - in addressing the risk of fraud through management override of controls, testing the 8ppfopTiateness of journal elltries and other adjustments. assessing whether the judgerÉLents made in making accounting estimates are indicative of a )tentIal bi. and evaluatlllg thc busitiess ratiollale of 8ny significant transactlODS that ore unusual or outside the nornMI course of busiDc&8' and - enquiring of management concerning actual and potential ii¢igation and Glaims. Therc are Ttthcrcnt 1irnitatio$ in thc audit procedures described above. We are less likely to become awdre of instances of non-compliance with laws and rcguiations that arc not closely related to events and transactiolls Tcflected ill thc Fmancial statcmcnts. Also, th¢ risk ot not detecting a material misstatement due to fraud is higher than the risk of not dctecting onc rcsulting from error, as frnud may involve delÈberate conccalment by. for cxamplc, foigcry 01 inlentional misrepresentations. or thro collusion. A fi]rther description of our responsibilities is available on the Financial RcportiThg Coullcil's website aL" www.fr¢.or&uklauditorsresponsibilitie5. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable compatly's truslees. a8 a body. in accordance with Chapter 3 of Part 16 of the Companies Aci 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state them in an auditor's report and for no other purpose. To the Uest extent pern]itted by law. we do not accept or assume responsibility to anyone other than thc charitabl¢ company and its ttvslees as a body, for our audit work. for this repoo or for the opinions we have forn1. Page 18
Antrim Enterprise Agency Limited Independent Auditor's Report to the Members of AntrAm Enterprise Agency Limited James Wallace (Senior Stakntory Auditor) For and on behalf of DT Carson & Co.. Statutory Auditor 51- 53 Thomas Street Ballytnella Co. Antrijn BT43 6AZ 9 September 2024 Page 19