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 v1h￿h eomprtse the slaiementijf [￿ar￿jgI acknviE*S, the b3IanTr sheet r￿te5 to thè h)ancial Stat￿ents, incbjding 5igllrfl￿n1 aw)wtirvJ pOI￿les. wbng ￿￿ework trfat has been apr4￿1 in Iheir twratw 8ppli￿e law and Uniled Accounting Standards. F￿arMi81 R8FXWting StsrKlad 102 Th8 Fipa.?oal RepLVting Stand8rd applicabl8 iJ7 Ihe UK andR8public of Ir81arkl{United Klwdom Ger£rdlly AAx¥ed AC￿￿tir4 Pt3dxxl. In wroFIn￿, the financk* sta18￿￿15.. ve o ttu8 and fair vw of the state of ￿ charita￿e affair5 a5 at 31 2023 arKI of ils IF￿￿>￿Ing sowces app5icatK¥J ￿ ￿S0￿[ce4 including As incLwe and eX&ETh￿tUlP. roy Ihe year eThled,' have been pryty prepa￿ in arnYdarKx *ith Kirglom Genet31ty Wed Act￿￿￿9 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 Audrfo￿s f￿th? 8urlit of the fIn8￿181 st8t&m8nls section of w repo￿ We a￿ ind4)p￿e￿I oFthe cha¥ity irn ac¢(thtKe wilh Ihe requrements that are relevanl to our audl oflhe fManrAal ststen￿ts in Ihe UK, indUd￿9 FRC'S Eth￿al Standard, and we have fv￿lI1¢1j our olh8r 81hical 185pon5*Xh'l￿S in acwrdance wlh ¢hest reguir8m8nLs. W* b81ie¥& Ihat th8 audil ev￿8￿8 we have obtairwj is fficient arnj apprw*ie to a basts ffx ¢Jur op￿r)n. Conclusions relating to going concem In audthng th8 finanu815tatarnents, we hav8 c(KTrC￿dod Ihat th8ln%te8S' Use of the ￿Xn9 ￿)rtem basls Of*c￿n￿r￿j In pr8pa¥ation of the fina[￿85 siatem8nts approwak8. Based on I1￿ work we have perf(x￿d, have not hfjentif￿d 8ny m8feria u￿18￿lIeS 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%bilit￿S the T8¥xY&b￿It￿ ofthe trnsteEs wlith r8sr*d to cA￿￿ern desuiw in the re￿ar ections of this rep(KL Other information The other Inforftiaticn Crmryjri￿ the infrxrnat[￿ Ind￿led in Ihe an1￿￿ wort otr*¢ Ihan the fi￿￿aTr statements 8nd o ditorfs repcrt Iherecfj. The tnjstees are responstAe for the other InfrKrna￿n.￿￿I2ined with¢n Ihe annual rep)rt. Our OP￿IDn Ihe ￿na￿l￿] 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￿￿ IF*reon. Ovr re¥￿&￿1￿Y is io Tead Ihe olher infornalion aml. in doing $0. ¢onsiderwhetrer the Other infomLgion is rwai*ly In¢￿￿$ten¢ *ith ￿ ffinan£i￿ statemwts or our krn￿ed90 obtsined In Ihe wJrse ol the audit. or otherwtse appearsto te mat￿01Y 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 c0ft￿de lh* thwe is a material misstatemeni of Ihis Olher w)fr)rmatity). aTe to report that f￿L 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 I￿a￿la1 *atamÉnts ar8 prq)ared, %thlch indud85 the dir￿l￿S report preFw8d forthe purp￿ Ofcom￿Y law. is corwstsni the fnanix81 sial8Thnts'. a￿d the dxectors. rerort •K*Jded within the tnJsiees' has been p￿pared in acccrtance *ith a￿l￿14Q kgal requi￿Vr.e￿ts. 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)w￿￿92 and UnderS￿dIng 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 le￿rr* adequate have not boetTr frorn branches noi vsited by us" the r￿orK￿al Stat￿ne￿￿ 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 ￿ inftYrn*w arKI we requre forow a￿lIt". I the trustees were not entilèl io prewe the ffftarri81 siaiemenLs in ar£crfdar￿ with the srn811 CO￿leS regThe lakp. %rtvAniAgp. nl Irk). SMMII p.x?NVKifL8 thp. fftLqtQ*_8' rpwt anrf fmm thp r￿¥rPr￿1 tn a Sirateg￿ le[￿rt. Responsibilities of trustees As explained more fully in the statement of trusi88s' r8¥xMsiblilies. tw51￿S, a￿41$0 Ihe ofthe charityfor the purpose of company L7w. are rES￿￿51￿e for Ihe preparatM￿ of the fwjanaa ￿terne￿I5 aT¥J lor bpinq satisfied Ihat t rive a true and fair vvw, and for such inlem8I contrd asthe In￿te¢S detwnyne is necessary to enatle Ihe wePara￿)n ( financi81 stslements that are Iree m8lerial rr1sslaterr￿1. *htJ81her due tD (la￿d ￿ error. In Preparing the fir￿￿al statements, the Iw51ee5 are reS￿r￿ble for aSse￿ng the ￿rity'S aDilty to crntinue as a going co¥Kem, di5ckisng, as applicable, Tnattets rdated lo g)ing COFKeffl gnd u5￿g ￿ goirMJ LYMt*m b8515 of acc(wnl￿9 uThless the tyustees erther uitwd lo liquidats th8 charitsue comFxny to ceas8 OP8fdbons. or ha* realistK aMemalw8 but to do gj. AuditOF'5 rEspon￿bIlItIES IDr the oudil of the financia stthmerfs Our objectives are to (A)labn reaSona￿e assurance atxjut ¥%thetherthe ffinan￿al statem￿t$ 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 Ofa5s￿￿Ce bJt is not a gu￿tee Ihat an audil r￿dUcted n arUr(la￿e 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 ￿r￿m9ncÉ th8 d8rX$￿rts of users 18k8n (>n th8 ba￿5 Df these financi￿ st3tern8nls. The exienl to %thch pror£dures are capable of detectir8 Iry￿ar￿￿S. ￿c￿dir￿a fraud. ￿ d*led We gained 3n UrKIeTStar￿r￿ ofthe kgal and iewlaw fra[ne￿ appl￿ble to the corwany and 1he r￿￿&￿¥ in W￿Ch it operates. and conS￿e￿O the nsk )facfS by the company thatwere contrary. to aFW"tat4e laws atKI regulations. fraud. We designed FwEedure5 to re5FMxNJ to the r￿￿, reCOw￿r￿j tkat risk a Maleri￿ misstaiemeAI ue to fraud s higher than the risk rb)t detectiry re5uth.ng frrxn error, a5fraJd TrHy ￿¥Ofve L*liberate ¢￿￿41￿ent bj,, for example, forgery ot Intentx￿al rn45rw85￿latIonS, (x throu41 co11L￿10￿. We f￿¥Se￿ on laws and iegulations wlich could give to a material rni55tatemenl in ttre fiFWTrCWt 5talemenis, irKludiNJ, bu1 not limitod to. Compan*s Act 20C6 and UK tax C*Jriests irtlL¥Jed thè financial siat4)ieni ¢Jisdosure5 to u[NJertY￿g slPPOrtirwJ dovJmentslwJn. enquiries wlh manager[￿*t ar¥J enqu￿eS of counsel. TherE a The￿nt Iimtrahons In the au(11 wLreiYure5 deY￿1)e￿ a￿>Ve Ihp ftjrther rerrthieij non not acwl or 88sunie Iwlsibilily lo anyone tkth?r than tpg cowny 8￿j ¢￿￿p￿.$ 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