CHARTERED ACCOVNTANTS CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Oplnlon We have audited the financial statements of Carrickfergu3 Enterpri3e {the 'charity') for the year ended 31 De￿rnber 2023 vthich comprise the statement of financial activities, the balance sheet and not88 to th8 financAal statem8nts. including signlficant accountlng policles. The financlal reportlng framework that has been applled in their preparation Is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reportlng Standard appllcable In the UK and Republic ol Ireland {Vnited Kingdom Generally Accepted Accountlng Practlc8). In our oplnion. the financlal statements: give a true and fair view of the State of Ihe charitable company's affairs as at 31 December 2023 and of its Incomlng resources and appllcatlon of re90urces, for the year then ended,. hav8 been properly prepared in accordance with United Kingdom Generally Accepted Accounting pract1￿,. and have been prepared In accordance with the requlrements of the Companles Act 2006, Ba81s for opinlon Vle conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audlt ol the financial slatements section of our report. We are independent of the charity in accordance with the ethlcal requlrements that are relevant to our audlt of tha flnanclal statements In the UK, Includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requlrements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Con¢lu8lon8 relatlng to golng conc•m In auditing the fin8ndal statements. we have concluded that the Tfustees, u8e of the going concem basls of accounkn'ng in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainlies relating to evenls or conditions that, Indlvidually or collectlvely, may cast slgniflcant doubt on tha charlty's abillty to contlnue as a going concern for a period of ai least twelve m¢nths from when the financial statements are authori$ed for Issue. Our responsibilities and the responsibilities of the trustees with respecl lo going concern are described in tha relevant sectlons of this report. Alfred Hov8e 19 Alfred Street BELFKST BTr 8EQ DX3910 NR Belfast 50 Ceiitury Hoiise 40 c￿Seent Dusiness Park LISBVRN BT28 2CN 17 Mandeville Street PORTADOWN Crdigavon BT62 3PB 10. Tel: +44 (0)28 9031 1113 F￿. +44 (0)28 9031 07TI Tel: +44 (0)28 9260 7355 Fax: +44 (0)28 9260 1656 Tel: 144 (0)28 3833 2801 44 (0)28.38&5 0293 RegkneJ•l￿￿Qth*1wdil￿bYthelnS￿btsOECh4nef*lA¢ethhf1￿I&1n lttknd MthiberofT]AG .AWoAd4YldeAlio￿OlInd4￿#d¢nt￿t￿w11WFi￿n CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Other Information The other informalion comprises the information included In the annual report other than the fInar￿la1 8tatement8 and our auditorfs rept)rt th8r80n. The trustees are responsible for the olher information contained within Ihe annual report. Our oplnSon on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and, In doing so, consider wh?ther the other information is materially inconsistent with the financial stat8ments or our knowledge obtained in the course of the audit, or oth8NIIs8 appears to b& mat&rialty mi$stai?d. If we identify such material inconsistencies or apparent material mlsstatement$, we are required to determine whether this give8 rise to a mat8rial misstatement In the financlal statements themselves. If, based on the work we have performed, we conclude that there Is a material misstatement of this other information. we are requlred to report that fact. We have nothing to report in this regard. Oplnlons on other matters pre8crlbed by the Companles Act 2006 In our ownion, based on the work undertaken in Ihe course of our audlt,. the informatlon glven In the Trustees, report for Ihe financial year for whlch tha ffinancial gtatement$ are prepared, which includes the directors, report prepared for the purposes of company law, Is consistent with the financial statements,. and tha dlreclors, report Included within the Trustees, report has been prepared in accordance with appllcable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understandlng of th¢ charity and its environment obtained in the course of the audit, we have not Identlfied matorial missiatements in the director$, Teport induded within the Trustees, report. We have nothlng lo report In respect of the ft)Ilowing matters in felation to whlch the Companles Act 2008 require8 US to report to you if, in our opinion: adequate accountlng records have not been kept, Of returns adequate for our audlt hav8 not bean recelved from branches not visited by us., or the financlal stalements are not In agreement ￿th the accountlng records and returns; or certain disclosures of trustee8' remuneration spedfied by law are nol made; or we have not recelved all the infom)81ion and explanations we require for our audit: or the trustees were not entilled to prepare the financlal statements In accordance with the small companles regime and take advantage of th8 small comp8nles' exemptions in preparing the TrusteeB' report and from Ihe requlrement to prepare a Strategic report, 11 CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE R•sponslbllltlo8 of truste08 As explained more fully in the statement of Trustees, r6sponslbllitles, the trustees, who are also the dir¢dors of the charity for the purpose of company law, are responsible for the Fmeparation of the financial statements arKI for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financlal statements. th8 trust88s are responsible for assessing the charity's abilty to contlnue as a going concern, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operatlons. or have no realistic aliernative but to do so. Auditor's r•8pon8lbllltl8s for th• audlt of thè flnanclal statèmont$ Our objectives are to obtain reasonable assurance about ￿ether the financial statements a8 a Who￿ are free from material misstatement, whether due to fraud or error. and to issue an audltorfs r8POrt that Includes our opinion. Reasonabla assurance Is a hSgh level of assurance but Is not a guaraniee that an audit conducted in accordance with ISAS (UK) will always detect a material misstalement when It exists. Misstatements can arise from fraud or emr and are considered material if, individually or in the aggregata, they could ieasonably be expected to inlluence the economic decislons of users taken on the basls of these financlal statements. The extent to thlch our procedures are capable of detecting irregularities, including fraud, is deiailed below. 12- CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Extenl lo whlch th• audlt wa8 con8ld•red capable of dotoctlng Irr•gularltlo8. Includlng fraud We identify and assess the rlsks of material misstatement of the financial statements. whether due io fraud or error, and then design and perform audit procedures responsive to those rlsks. Includlng obtaining audit evid8nc8 that is sufficlent and appropriate to provide a basis for our opinion. In identifying and asses51ng potentlal rlsks of material mlsstatement in respect of irregularities, including fraud and non-compliances with laws and regulations. we considefed the followlng: The nature of th8 industry and sector, control ènvironment and business performance, including the company's remuneration pollcies for dlrectors, bonus levels and performance targets, if any., Results of our enquiries ol management about their own Identlficatlon and assassment of the risks of Irregularities., Any matters we identified having obtaSned and reviewed the company's documentalion of their policies and procedures relating to: Identifying, evaluating and complying with laws and regulations and whether they were aware of any instance of non•compllance'. Detecting and responding to the rlsks of fraud and whether they have knowledge of any actual, suspected or alleged fraud,. and Tho Intemal controls established to mitigate risks of fraud or non-compliance with laws and regulations., The matters discussed among the audit engagement team regarding how and vther? fraud might occur in the financlal stalamants and potential indicators of fraud. As a result of these procedure8. we considered the opportunitles and Incentives that may 8xlst wlthln the ￿rnPany for fraud and Identified the greatesl potential for fraud in revenue recognition and property valuation. In ￿MmOn with all audits under ISAS {UK). we are also required to perform Specific procedures to respond to the risk of management override. Vle also obtained an understanding of the legal and regulatory frameworks that the Company operates In, f¢xusing on provislons of Ihose laws and regulations that had a direct effect on the detemiination of materi81 amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included Ihe Companies Act 2006. and local tsx legislation. In addltlon, ￿ considered provisions of other laws and regulation8 that do not have a direct eff￿t on the financial statements but compllance with whlch may be fundamental to the company'8 ability to operale or to avoid a material penalty. 13- CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Audlt response to r18ks Identlfled Our procedures to respond to the risks identified included the following.. Revlewlng the financial statement dlsclosures and testing to supporting documentation to assess compliance with provlsions of relevant laws and regulations described as having a dlrect effect on the financial stalements., Enquirlng of managemant Concernlng actual and potantlal Iltlgation and clalms; Performing analytical prtxedures io identify any unusual or unexpected relationshlps that may Indicate risks of material misstalement due to fraud., Readlng mlnutes of meellngs of those charged wlth governance and revlewing correspondence wlth lax authorits'es., and In addrasslng tha rlsk of fraud through managament ovarride of controls, testlng the appropriateness of journal entrles and other adlustments. assesslng whether tha Judgements made In maklng accountlng estimates are indicative of a potential bias,. and evaluating the buslness rationale of any signific￿1 transactions that are unusual or outside the normal courBe of busines8. We also communicated relevant Identified laws and re9ulatlons and potential fraud rlsks to all engagement t&am members and remained alert to any indications of fraud or non-complian￿ with laws and regulations throughout the audit. Owlng to the inherent limitations of an audit, there 18 an unavoidable risk that we may nol have detected some matgrial mlsstatements in the financlal statements, even though we have properly planned and perfonned our audlt In accordance with auditing standards. In addition. as Wlth any audit, there remains a higher risk of noTrdetection of Irregularities, as they may involve collusion. forgery. intenlional omissions, misrepresentations. or the override of internal control8. W8 are not responsible for prev8nling non-complianc8 and cannot be 8xpected to delect non compliance with all laws and reguletlon$. 14- CARRICKFERGUS ENTERPRISE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARRICKFERGUS ENTERPRISE Us• of our report This report 18 mad8 solely to the charitable companys members. as a body. in accordance with Chapter 3 of Part 16 of thè Companies Aci 2006. Our audit work has been undertaken so that we might state to the Charital￿e company's members those matters we are required to state to them in an auditor's report and for no other purpose, To the fullest extent permitted by law, w8 do nol accept or assume responsibtlity to anyone other than the charitable company and the charltable company s members as a body, for our audit work. for this report, or for the opinions we have formed. Mr Nlgo e FCA IS•nlor Statutory Audltorl for and on behalf of GMCG BELFAST E•.p.z Chartered Accountant8 Slatutory Audltor Chartered Accountants & Statutory Auditor Alfred Housa 19 Alfred Street Bellast BT2 8EQ 15-