ROE VALLEY ENTERPRISES LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ROE VALLEY ENTERPRISES LIMITED Opinion Wè hav& atKJite(J financol SlaleEnents ofRoe Valey Enleiprise5 Liffjit lts'clwiv) k)Fts y.ear enw 31 Mard12023 v1hh eomprtse the slaiementijf [arjgI acknviES, the b3IanTr sheet rte5 to thè h)ancial Statents, incbjding 5igllrfln1 aw)wtirvJ pOIles. wbng ework trfat has been apr41 in Iheir twratw 8pplie law and Uniled Accounting Standards. FarMi81 R8FXWting StsrKlad 102 Th8 Fipa.?oal RepLVting Stand8rd applicabl8 iJ7 Ihe UK andR8public of Ir81arkl{United Klwdom Ger£rdlly AAx¥ed ACtir4 Pt3dxxl. In wroFIn, the financk sta1815.. ve o ttu8 and fair vw of the state of charitae affair5 a5 at 31 2023 arKI of ils IF>Ing sowces app5icatK¥J S0[ce4 including As incLwe and eX&EThtUlP. roy Ihe year eThled,' have been pryty prepa in arnYdarKx ith Kirglom Genet31ty Wed Act9 Practre. Basis for OFinion We conducted our wdt in accord wilh IntematKmal StsThta on AtyMin9 IUKI IISAS {UK)l and appkcable law. Our responsibilibes mdÈr those sonrtards ftJrth¥ descri in Ihe Audrfos fth? 8urlit of the fIn8181 st8t&m8nls section of w repo We a ind4)peI oFthe cha¥ity irn ac¢(thtKe wilh Ihe requrements that are relevanl to our audl oflhe fManrAal ststents in Ihe UK, indUd9 FRC'S Ethal Standard, and we have fvlI1¢1j our olh8r 81hical 185pon5Xh'lS in acwrdance wlh ¢hest reguir8m8nLs. W b81ie¥& Ihat th8 audil ev88 we have obtairwj is fficient arnj apprwie to a basts ffx ¢Jur opr)n. Conclusions relating to going concem In audthng th8 finanu815tatarnents, we hav8 c(KTrCdod Ihat th8ln%te8S' Use of the Xn9 )rtem basls Ofcnrj In pr8pa¥ation of the fina[85 siatem8nts approwak8. Based on I1 work we have perf(xd, have not hfjentifd 8ny m8feria u18lIeS fBlathng to 8vw)ts w condttions that. indiiitdually or ttAlectively. may casi siwifvni dixjbt th2 ctsrity"s atmljty to ¢"nue a%a o)ncem for a peri ol ai leasl fftlve mthths fT(m when IhÈ fironryJ ststements auth(xised forityLÈ. Our respOn%bilitS the T8¥xY&bIt ofthe trnsteEs wlith r8srd to cAern desuiw in the rear ections of this rep(KL Other information The other Inforftiaticn Crmryjri the infrxrnat[ Indled in Ihe an1 wort otr¢ Ihan the fiaTr statements 8nd o ditorfs repcrt Iherecfj. The tnjstees are responstAe for the other InfrKrnan.I2ined with¢n Ihe annual rep)rt. Our OPIDn Ihe nal] siat8rnents d(S rK)t IX>V8r the ther informalv)n 8rrfl. eKcert to Ihe exienlctherwis& 8xFAicilly stated QUF report, bye th nol eMpres5 any forni OF assurance cOndus IFreon. Ovr re¥&1Y is io Tead Ihe olher infornalion aml. in doing $0. ¢onsiderwhetrer the Other infomLgion is rwaily In¢$ten¢ ith ffinan£i statemwts or our krned90 obtsined In Ihe wJrse ol the audit. or otherwtse appearsto te mat01Y ryysslale(l. Ifwe entfy such malerial consislenaÈs or apparent tnatena misstatemEnts. we tD detertnine whether thrs gwes rise to a maieri misstslement In the finar¢ia stalements thwsdves. If, based on the we Iwe (wrorr. we c0ftde lh thwe is a material misstatemeni of Ihis Olher w)fr)rmatity). aTe to report that fL We h8ve ncthing to report regard. Ownlons oth•r matt•rs pm¢rib¥d by the Companios Act 2006 In ovrapinK)n. ba5Ed on the ork un(1grlakn in cwrse of our 11. the information g¥ven in Ih& trustees. report for Ihe ancial year for Ihe Iala1 atamÉnts ar8 prq)ared, %thlch indud85 the dirlS report preFw8d forthe purp OfcomY law. is corwstsni the fnanix81 sial8Thnts'. ad the dxectors. rerort •KJded within the tnJsiees' has been ppared in acccrtance ith al14Q kgal requiVr.ets.
ROE VALLEY ENTERPRISES LIMITED INDEPENDENT AUDITOFfs REPORT ICONTINUED) TO THE MEMBERS OF ROE VALLVI EKfERPRISES LIMITED Matters on which we are requinl to rekwxt by exceplion In the light of tt)e kIy)w92 and UnderSdIng of rtsity a)d its envirofment Obtan I) the lse ofthe au(Sl. we We have nothlng io repon respect ofthe mafters in to C(rfnpaThes to r8POrt to you rf. in ovr otxnK)n'. adeqvate accot¥fllrrfJ record5 have ThAbeen k•pt. or lerr adequate have not boetTr frorn branches noi vsited by us" the rorKal Statne are nol in agrf¢Tr with tho ayJxJntiThJ rerxjrds arml (6.. or C8rtain di8clossJr8s of tnJstee< rernun8ratm spechled by not Thd8'. L we h8ve not recEwed all inftYrnw arKI we requre forow alIt". I the trustees were not entilèl io prewe the ffftarri81 siaiemenLs in ar£crfdar with the srn811 COleS regThe lakp. %rtvAniAgp. nl Irk). SMMII p.x?NVKifL8 thp. fftLqtQ_8' rpwt anrf fmm thp r¥rPr1 tn a Sirateg le[rt. Responsibilities of trustees As explained more fully in the statement of trusi88s' r8¥xMsiblilies. tw51S, a41$0 Ihe ofthe charityfor the purpose of company L7w. are rES51e for Ihe preparatM of the fwjanaa terneI5 aT¥J lor bpinq satisfied Ihat t rive a true and fair vvw, and for such inlem8I contrd asthe Inte¢S detwnyne is necessary to enatle Ihe wePara)n ( financi81 stslements that are Iree m8lerial rr1sslaterr1. htJ81her due tD (lad error. In Preparing the firal statements, the Iw51ee5 are reSrble for aSseng the rity'S aDilty to crntinue as a going co¥Kem, di5ckisng, as applicable, Tnattets rdated lo g)ing COFKeffl gnd u5g goirMJ LYMtm b8515 of acc(wnl9 uThless the tyustees erther uitwd lo liquidats th8 charitsue comFxny to ceas8 OP8fdbons. or ha realistK aMemalw8 but to do gj. AuditOF'5 rEsponbIlItIES IDr the oudil of the financia stthmerfs Our objectives are to (A)labn reaSonae assurance atxjut ¥%thetherthe ffinanal statemt$ as a free from matetia FnisSt8temellt, wthether to fraud or error, 8fKI to Bsue art au(torfs repcxt that uur opirwon. Reasonable assuran a levd Ofa5sCe bJt is not a gutee Ihat an audil rdUcted n arUr(lae ISAS IUKI wdl ahvays detect a material misstatement il exists. Misstatemttits artse from fra or error aid are Éx7rtsidered material if, individually or in t agyeg8t8, IhÈy coukl reascmatrAy ex[ded rm9ncÉ th8 d8rX$rts of users 18k8n (>n th8 ba5 Df these financi st3tern8nls. The exienl to %thch pror£dures are capable of detectir8 IryarS. cdira fraud. dled We gained 3n UrKIeTStarr ofthe kgal and iewlaw fra[ne applble to the corwany and 1he r&¥ in WCh it operates. and conSeO the nsk )facfS by the company thatwere contrary. to aFW"tat4e laws atKI regulations. fraud. We designed FwEedure5 to re5FMxNJ to the r, reCOwrj tkat risk a Maleri misstaiemeAI ue to fraud s higher than the risk rb)t detectiry re5uth.ng frrxn error, a5fraJd TrHy ¥Ofve Lliberate ¢41ent bj,, for example, forgery ot Intentxal rn45rw85latIonS, (x throu41 co11L10. We f¥Se on laws and iegulations wlich could give to a material rni55tatemenl in ttre fiFWTrCWt 5talemenis, irKludiNJ, bu1 not limitod to. Compans Act 20C6 and UK tax CJriests irtlL¥Jed thè financial siat4)ieni ¢Jisdosure5 to u[NJertYg slPPOrtirwJ dovJmentslwJn. enquiries wlh manager[t ar¥J enqueS of counsel. TherE a Thent Iimtrahons In the au(11 wLreiYure5 deY1)e a>Ve Ihp ftjrther rerrthieij non<otrviQ with w$ a rulatiDns s frcm the ¢t$ and lortsactions rellected in thè fjnawal stslements. Ihe likety we'wwld bwma awar8 of il. We did not Njentify any key aLwJI matters retatiry lo irwuiilTres, iThJuding frajd. A5 in am our audit5, we a150 addressed the risk of rn8iyrnet4 ovemde d intem81 conltols. e1111j tesl•¥J jwm8b ev4u8tvig vhththere w4s evidence of t85 by the dir¢GXors Ih&t re•$d a risk d nHlia mtssta1wlll dua to frajj. A fvjrther descripb.on ofour respOrEibil"eS is a¥alab the Final Re[Ig Cou1.5 Wete 8t.. httpS'.IAvwwfrc.(9.kjaUlJrtLysreSFKb"l8& ffts despkn forn pt ofoL* audiknrfs I8rt.
ROE VALLEY ENTERPRISES LIMrrED INDEPENDENT AUDITOtrs REPORT ICOHTINUED) TO THE MEMBERS OF ROE VALLEY ENTERPRISES LIMrrED U59 of our r8port This repjl is mJJe sclety to the cThny's rneMLs. as a by. in &cordanL¥ 391 oftr Comparies Ad 2014. Our audit woth has been dertakn so thatwe might state trj the CAxnpanys those matters we 3re required to state lo tIEm ITr an audtor's reptsrtd for rm) purt)se. To the exknt F*)nilted by Law. we th> not acwl or 88sunie Iwlsibilily lo anyone tkth?r than tpg cowny 8j ¢p.$ rTWJTa)8t5 as a body, audit k. kn this r8port, or ts the opinxys we have formed. Jarnes Danlel Brolty (Senlor Siatutory Audtow) ftsr and on behalf of PFS & Partner5 Limited Chartered Certified Accountant$ St8tLrtory Audttor 16 Street 8T49 CEU