Nl Opera (A Company Limited by Guarantee) Independent Auditors. Report to the Members of Nl Opera Opinion We have audited the financial statements of Nl Opera for the year ended 31 March 2024 which comprise the ststement of Financial Adivities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of signiFicant accounting policies. Th8 finanaal reporting framework that has been applied in their preparation is applicable kaw and Untied Kingdom Accounting Stsndards, including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom General Accepted Accounting Practice). In our opinion the financial slatemenls: give a true and fair view of the state of the charitable companls affairs as at 31 March 2024 and of ils incoming resources and application of resources, including its income and expenditure for the year then ended; have been property prepared n accorda WIUI Uniied Kingdom Generalty Accepted Accounting Practice., and have been prepared in accordance wfth the requirements of the Companies Act 2008. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Audrtors, responsibililies for the audit of the financial statements sedion of our report. We are independent of the charitable company in accordance with the ethical requirements that a relevant to our audit of the financial statements in the United Kingdom, including th8 FinanGial Reporting Council's Elhal Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit ewdence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In audib'ng the financial staternents, have conduded that the Trustees, use of the going concern basis of accounting in the preparatIn of the financial statements is appropriate. Based on the work we have performed, we have not identffied any material UnrtaIntieS relating to events or Conditions th*, individualty or collectively, may cast significant doubt on the charitable companys ability to continue as a going conrn for a period of at least twelv8 months from when the financial statements are authorised for issue. Our responsibilities and the responsiblities of the Trustees wilh respect to gcing concern are described in the relevant sections of this report. SUMER NORTHERN IREL4ND Page 10
Nl Opera IA Company Llmlted by Guarantee) Indendant Auditors. Report to the Membors of Nl Opera (continued) Other information The other infonnation compnses the infomiation included in the Annal Report other than the financial statements and our Auditors, Report thereon. The Trustees are responsible for the other inf0m1atn contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, exp1 to the eyxent Otherlse explicrtly stated in our report. we do not express any fomi of assuran conclusion thereon. Our responsibilty is to read the other infonnation and, in doing so, consider whether the other infonnation is materially inconsistent wtth the financial ststements or our knowledge obtained in the course of the audit, or otherwise appears to be materialty misstated. If we identTfy such material inconsistencies or apparent material misstatements. we are required to determine whether this grves rise to a material misstatement in the financial statements themselve5. If, based on the work we have p8rfonned. we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companles Act 2006 In our opinion. based on the vrfork undertaken in the course of the audit: the infomiation given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and. the Trustees, Report has been prepared in accordan with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identif1 material misstatements in the Trustees. ReporL We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you rf, in our opinion: 18quate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us" or the financial statemerrts are not in agreement with the accounting records and retums" or certain disclosures of Trustees, remuneration specffied by law are not made; or we have not received all the infomiation and explanations we require frjr our audit. or the Trustees were not ented to Fryare the finanaal ststements in accordance wrth th8 small companies regime and take advantage of the small companies. exeffptions in preparing the Trustees, ReF)Ort and from the requirement to prepare a Strategic Report. SUMER NORTHERN IRELAND Page11
Nl Opera (A Company Limited by Guarantee) Independent Auditors. Report to the Members of Nl Operd {contlnued) Responsibilitles of trustsos As explained more fully in the Trustees. Responsbi ilities Statement. the TnEtees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair wiew, and for such intemal control as the Trustees deterniine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the tharrtable company's abilty to conkn'nue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accountj'ng unless the Trustees erther intend to liquidate the charitable company or to cease operations, or have no realist altemative but to do so. Auditors, SPonSibl11t1es for the audit of the financial ststements Our objectives are to obtain reasonable assurance abotrt whether the financial ststements as a whole are free from material misstatement. whether due to fraud or error. and to issue an Auditors, Report that indudes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wrth ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably b8 expected to Infjuen the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws arKI regulations. We design procedures in line with our responsibilities. ouuined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below.. We considered the opportunities and incentNes that may exist wilhin the organisation foT fraud and identified the greatest potential for fraud in the following areas.. timing of recognition of income; and posting of unusual joumals along with complex transactions. We dis¢uped Ihese risks wrth client management, designed audit prolUreS to test the timing of income, tested a sample of joumals to Gonfimi they were appropriate and reviewed areas of judgement ft)r indicators management bias to address these risks. A further description of our responsibilities for the dit of the financial slatements 15 locatéd on the Financial Reporting Council's website at.. www.frc.o .uklauditorsres nsibilities. This description forms part of our Auditors, Report. Use of our report This report is made solely to the charitable companvs members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our aLKIrt work has been undertaken so that we might state to the charitable companrfs members those matters VR are required to state to them in an Auditors, Report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charitable Company and its members. as a body. for our audit Work. for this r8POrt. or for th8 opinions we have fomied. SUMER NORTHERN IRELAND Page 12
Nl Opera (A Company Limited by Guarantee) Independant Auditors. Roport to the Members of Nl Opera (continued) Amanda Mcmaw (Senior Statutory Audltor) for and on behalf of Sumer Auditco Nl Ltd statutory Audrtors 4th Floor Glendinning House 6 Murray Street Belfast BT16DN 2 December 2024 Sumer Auditco Nl Ltd are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. SUMER NCRTHERN IRELAND Page 13