eHARTeRED ACCQUVTANT8 CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Oplnlo IN8 have 8udlted the financial statements of C8rricklergu$ Enterprlse (the 'chanty') for the year ended 31 December 2022 whlch eornprise th8 statemenl of finanoal activities, the balance sheet and notes to the finandal statements. Induding signlficant accountlng policias The financial repo￿n9 framework that has been applied in their preparation Is appllcable law and United Kingdom Accounllng Standards, Includlng Financial Reportlng Standard 102 Th8 Fln8ncial Reporting Standard 8pplicable In the UK and Republic of 1rn18nd (United Klngdom Generally Accepted Accounting Ptsctice). In our oplnlon, ihe financial sta18ments- give a true arKI faif vl8w of the stats of thè charftable companls affa*s as at 310ecember 2022 and of Its Incoming resources and appli¢atlon of resources, for the year then ended: have been proporfy prepared In accordance wtth Uniled Klngdom Generally Acceptad Accountlng Practlce., and have been prepared In accordance wlth the requirements of the Companies Act 2006. Ba$ls for oplnlon conducted our audit In Hccordance Intemathonal Standards on Audiung (UK) {ISAs (UK)) and applicable law Our responslbillties under those stsnd8rd5 are further described in the Auditors responsibmilies lor Ihe audil ol the financ(al statemenls sectlon of our report. We are Independent of the tharity in accordance Y￿th the ethical requirements Ihat are relevant to our audit of the finanaal 5tstemenls in the UK, Including the FRC'S Ethical Standard. WÈ have fulfilled our other ethical tsspork8ibililies In accordance these requlrements. We believa that the audit evidence we have obtained Is sufficlent and approprHte to ptOVKle a basis for our oplnlon. Concluslons relatlng to golng concem In audiilng the finanaal statements, we have conduded that the TnBteeg' use of the going concem basls of accounting in the preparatlon of Ihe financial statements is appropriate. Based on the work we have perforned. we have not identified any matenai mrtalnties r8tating lo events or condition5 that. indiwdually or collectively. may cast signifi¢ant doubt on the Charity's ability to continue as a golng concem for a perood of at *ast Iweive monlhs IFOM when the finanuai statements are aulhorised for iSGUe. Our responsibil￿leS and ihe responsibilities of Ihe Intstees wilh respect to going concem are descrlbed In the relevant sections of this teport. 11 Alfred House I9Alfred Street BELFAST BT2 8EQ DX3910 NR Belfa8t 50 CcTJtury Flouse 40 Crescejit Biisiness Pai'k LISHURN B'L28 2GI Ianilevillo StTeet I)ORTADOIIIN Lraig41i'0ll .1.62 31>11 Tel: +44 (0)28 9031 1133 Fax: +44 {0)28 903107T7 Tel: ,4410128 926n T3S5 FI￿. +44 (0)28 9260 1656 Tel.. .44 (0)28 3833 2802 44410128 3835 0293 GJkG5Sltr•￿Y￿40MÉGclQ￿l￿￿itsaRqNwN&Ds9￿ AYPrnbEroITtAG'.AN'￿rtd*7deN￿￿￿rjr￿￿QrfAomO￿￿FInFl CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Other Inforniatlon The othei infomiatyon comprises the infom)atlon Included in the annual report Dther than the finarrial statements and our audrtovs report thereon. The tNstee$ ere rgsF)onsible for ihe other infomation contained within the annual report. Our opinion on the financial statements does not cover the other Information and, excepl to the extenl otheThvlse explicitly $laled in our report, wè do not express any fomi of assurance conclusion thereon. Our responslbllty Is to read ihe other Information and. In dolng so, conslder whether the other Information Is materially inconslstenl y￿th the finanaal statements or our knowledge obt81ned In the course ol the audit. or otherwise appears to be materially misslaled. If we identify Such material inconslstencie8 or apparent material rnisslatements, we we r8qulred to determlne whether Ihls gives rise to a material mlsstalemenl In the financial statements themselves. If. based on the work we have perfomied. we condude Ihat ther6 Is a materlal misstatement of this other Infom)atlon, we PA¢ requlred to report that faci. We have nothing to r8POrt in this regard. Oplnlons on other matters proscrlbed by the Companles Act 2006 In our oplnlon, based on the work urxlertaken in the course of our audlt: the information given in Trustees, report for the financ￿1 year for whith the fin￿Cial statements are pr8pared. which includes th8 dlrectors. report prepared for ihe pu￿OseS of company law, is consislent with the finBn¢ial slatements,. and the directors, ￿POrt Included within ihe Tfuslees, report has been prepared In accordwce applicable legal requlrements. Matters on whlch we are requlred to report by excepllon In the light of the knowledge and understandlng of Ihe chartty and its environment obtained in the course of the audit, we have not identbfied material misstal&ments in Ihe dlrectors. report Included within the TNstees' report. We have nothirYJ to report in respect of the following matters Sn relatlon to vthich the Companies Aci 2006 requires us to report lo you if, in our opinion.. adequate attountlng re￿r($S have not been kept, or return8 adequete foT our auctit have not been received from branches not visited by us: or the financial statements are not in agreement with the acGountsng records and relums: or certain disclosures of trustees. femuneratlon specified by law are not made: or we have not received all the infomation and explanations we require ts our awlit or the trustees were not entitled to p￿pare the finandal statements in accordance with tha small companles regime and lake advantsge of the small compani85' exemptions in preparing the Trustees, report and from the requlrement to prepare a strategiG report. 12- CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE R•8ponslbllltle8 of trust••• A8 explalned more fully in the statement of Trustees, resr)onsibillties. the truslees. who are also Ihe dlrectors of the charity for Ihe purpose of Company law, are responsible for the preparalion of the financlal statem&nis and for being 88tisfied that they glve a true and fair view, and for such intemal control as the trustees detemiine is necessary to enable the preparatlon of financlal $tatement$ that are free from materlal mlsstatement. whether due to fraud or error. In preparing the financial staternents, the twstaes ar8 responslble for asse$slng the charity's abillty to contlnue as a golng concem, di$doslng. as appllc8ble, malters relaled to golng concem and using thè golng Concern basis of accountlng unless the tfuslees eilher Intend lo I￿Uld9t8 the charitable company or to Cease operations. or have no reallstlc altematbve but to do so. Audlto¢8 respon8lbllltle3 for the audlt of the flnanclal statemonts Our obl8Ctive5 are to obtain reasonable 8ssuranGe about whèther the financlal statements a5 a whokn are free from material misstatement, vthelher due to fraud or ermr, and to issue an audrtorfs report that includes our opinlon. Reasonable a$surancè Is a hlgh level of assurance but Is not a guarantee ihat an audit conducted in accordance with ISAS (UK) will always detect a material misstatement v4hen it axists. Misslatements can arise from fraud or error and are Considered materlal If, Indlvldually or In the aggregate. they could reasonably b8 expected to influence the economic decisions of users tsken on the basis of these financlal slatements. The extent to %*hich our procedures are capable of detecllng Irregulanties. Includlng fraud, l¥ detalled below. 13- CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Extent to whlch tho audlt was con81d•rnd capablo of dgtecllng Irregularltles, Includlng ftaud We identfy and assess the rlsks of materlal migstatement of the financial statements. wheiher due to fraud or error, 8nd then design and perfom audit procedure$ responsive to those risks, Includw obtaining audlt evid8nce that is sufficienl and appropriate to provide a basi5 for our opinion. In Ideniifyiny and assessin9 Potentlal rtsks ol matèrial misstatement in respect of irre9ularitle4 Induding fraud and non-compliances with laws and regulations, we considered the folloffing.. The naturo of the industry and sector. control environmenl and bu81n888 perforniance, including the company's remunerallon policies lor dlreclors. bonus levels and performarKe targets, If any,. Results of our enqulrles of management about Iheir own Identification and assessment of the rlsks of I￿egUlarl11es. Any matters we identified having obtained and reviewed the company's documentatton of thelr pollcles and procedures ￿lating to: Identifylng, evaluating and Compl￿ng wlth laws and regulatlons and thelher Ihey were aware of any instance of nonThcompli8nce; Oetectlng and responding to the risks of fraud and whether they have knovledge of any actual. suspected or alleged fraud: and The intem81 eonlrols established to mitigate rfsks of fraud or non-compliance with laws and regulations., The matters discussed among the audit engagement team regarding how and where fraud mlght occur in Ihe financial statements and potenllal Indicators of fraud. As 8 result of Ihese procedures. we Gonsidered the opportuni￿aS and incentives that may exlst wiihin the company for fraud and idenllfied the greatest potential for fraud in revenue recognition and propety valuation. In common wilh all audiis under ISA9 (UKI. we are also reqUI￿d to perform specific procedures to respond lo the risk of management override. We also obtalned an understandlng of the legal and regulatory frameworks that the company operates In. focusing on provisions of those laws and regulailons that had a direct affect on the deternination of material amounts and discjosures in the financial statements. The key laws and regulations we consldered in Ihis context included the CompaniesAct 2006, and local tax legislation. In addition, vft consldered provl$lons of other law5 and regulations that do nol have a direct effect on the financial Statements but compliance vlth whith may be lundamental lo the companls ablllty to operate or to aNDld a material penalty. 14- CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Audlt re8pon80 to rl8k• Id•ntlnod Our procedures to respond to the risks Identlfied included the lollowing.. Rewewing the financial Statement dlsclosures and testlng to supporting documentation to assess cornpiiance wlth provlsions of relevant laws arKI régulations de$crlbed 88 having a dlrect effect on lh8 financial statemenls-, Enqulrlng of management CDnc6rnwi9 actual and potential lrtlgatlon and daims; Perfomlng analytlrAI proc8dures to Idenilfy any unusu81 or unexpected relationshlps that may Indicate rfsks of materlal misstatemenl due to fraud.. Readlng mlnules of meeungs of ihose charged With govemance and revlewlng correspondence wlth tax aulhoniles; and In addresslng the rlsk of fraud throuth management override of controls. testing the approprlateness of ioumal entr￿S and other adjustments, assessing whether the iudgemenls made in maklng accountlng estimates are indicative of a potentlal bkgs: and evaluating the bU￿neSS rationale of any signIfic￿l transactions that are unusual or outside the nomRI course of business. We also communicated relevant identified laws arKI regulatlons and potential fraud rl¥ks to al engagement team members and remaned alèrt lo any indications of fraud or non-COrnPliance wllh laws and regulations throughoirt the audlt. oW￿g to the Inherent limitatlons of an audit, ihere is an unavoidab* risk that we may not have detected 50rn8 malerlal mlsstatements in the finandal statements. even though we have properly planned and perfomied our audit fft accordance with audrtwig standards, In addit￿n. as wth any audit. there remains a higher risk of non-detection ol irregularitles, as they may Involve colluslon. forgery. lilent￿1nal omissions, misrepresentations, or the override of Internal controLs. We are not responsble for preventlng noTrcompiance and cannot be expected to detect no compllance with all kws and regulations. 15- CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Use of our roport Thls report is made solety lo the charitable ￿MpanY'S members. as a body, In accordance wlth Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so that we might state to the ¢haritatle company's membors those matters we are requlred to stale to them in an auditovs report and lor no other purpose. To the lulle5t extent permltted by law, we do not accept or assume responslblllty to anyone other than the ¢haril8ble company and lh8 charitsble company's members as a body. for our audit worf(, for this report, or for the opinions we have fomied. Mr Nlgel FCA (Sonlor Statutory Audftorl for and on behalf ol GMCG BELFAST Chartered Accountants statutory Audltor Chartered Accountants & Statulory Auditor Alfred Hou80 19 A1fr8d Street Belfast BT2 8EQ 16-