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 Elh￿al 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 preparat￿In of the financial statements is appropriate.
Based on the work we have performed, we have not identffied any material Un￿rtaIntieS relating to events or
Conditions th*, individualty or collectively, may cast significant doubt on the charitable companys ability to
continue as a going con￿rn 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.
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NORTHERN IREL4ND
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Nl Opera
IA Company Llmlted by Guarantee)
Inde￿ndant Auditors. Report to the Membors of Nl Opera (continued)
Other information
The other infonnation compnses the infomiation included in the Ann￿al Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other inf0m1at￿n contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
ex￿p1 to the eyxent Other￿lse 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 identif￿1 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 ent￿ed 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.
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NORTHERN IRELAND
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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¢up￿ed Ihese risks wrth client management, designed audit pro￿lUreS
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.
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NORTHERN IRELAND
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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.
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NCRTHERN IRELAND
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