ENTERPRISE CAUSEWAY LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENTERPRISE CAUSEWAY LTD Oplnlon We have audll@d the financial statements of Enterprise Causeway Ltd (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities. the balance sheet, the slalement of cash llows and the notes to the financial statements, includlng a summary of significant accounting pollcies. The financial reporting framework that has been applied in thelr preparation is applicable law and United Kingdom Accounting Standards. Including Financial Reporting Standard 102 The Flnancial Reporting Standard applicable in th8 UK and Republic of Ireland (Unlted Klngdom Generally Accopted Accounllng Practice). In our opinlon, the financial statements.. givo a true and fair view of the slate of the charltable company's affalrs as al 31 March 2023 and of Its Incoming resources and application of resources, Including ils income and expendlture, for the year then ended., have been properly prePad In accordance with United Klngdom Generally Accepted Accounting PraclirA', and have been prepared in 8ccordance wrth the requirements of the Companies Act 2006. Bag19 for opinion We conducted our audit in accordance wllh International Standards on Audlling (UK) (ISAS (UK)) and appllcable law. Our re$ponslbllllles under thos8 standards are further des¢rlb8d in the Auditorfs responslbllitles for the audit of the financlal statements seclion of our report. We are Indep&ndent of the charity In accordance with the ethical requlrements that are relevant to our audit of the financial statements In the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other elhlcal responsibilities In accordance with these requiremenls. We believe that the audit evldence we have oblaSned Is sufficient and appropriate lo provid& a basis for our opinlon. Conclusions relatlng to golng ¢oncern In auditlng the financial stat8menls, we hav8 concluded that the Trustees, use of th8 going concern basis of accounting in the preparallon of the financial statements Is appropriate. Based on the work we have p&rformed, w8 have not idenllfled any m8lerlal uncertalnli8s relating to events or conditions that, Indlvldually or collectively. may casl slgnlficant doubt on the Charity's ability to contlnue as a g0Sng concem for a p8ri0d of at least tsvelve months from when the financial slatem8nts ar8 aulhorised for Issue. Our responsibilities and thè responsibllitles of the Trustaes with respect to going concern are d83cribed In the relevant sections of this report. Other Infomiation The other informatlon comprlses the Informallon included In the annual report, other than the financlal statements and our auditor's report Ihereon. The Trustees are responsible for the other information contained within Ihe annual port. Our opinion on the financial statements does not cover the other information and, except to the extent otherwlse explicitly slated In our report, we do not eXp$S any form of assurance concluslon thereon. Our responsibllity Is to read the other information and, In dolng so, consider whether the other infofmation is materially Inconsistent with the financial statements or our knowledge obtaingd in the audit or otherwise appears to be materially misslaled. If we idenlify such material inconsistencies or apparent material mlsstalements, we ara required to determine whether the is a material misstatement in the financial statem&nts or a material mis51alemenl of the other Information. If. based on Ihe work we have performed, we ¢on¢lude that Ih8ra is material misstatement of Ihis other infomiation, we are requlred to report that fact. We have nothing to report in Ihls regard.
ENTERPRISE CAUSEWAY LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ENTERPRISE CAUSEWAY LTD Oplnions on other matters prescrlbed by the Companies Act 2006 In our oplnion, based on the work undertaken in the course of our audit.. the information given in the Trustee5' report, which includes the dlrectors. report prepared for the purposes of company law, for the financial year for which the financlal statements are prepared is consistent with th8 financial statements., and the directors, report included withln Ihe Trustees. report has been prepared in accordance wllh applicable legal requirements. Matters on which we are requlrad to report by exceptlon In the Ilght of the knowledge and understanding of th@ charity and Its environment obtained in Ihe course of the audlt, we have not identifiéd materlal mlsslatements in the dlreclors, report included wllhin the Trustees, report. We have nothing lo report in r8spect of the followlng matt8rs in relallon to which the Companies Act 2006 requires us to report lo you If, in our opinion: adequate accounting records hav8 not been kept. or returns adequate for our audll have not been received from branches not visited by us; or the financial statèments are not in agreement with the accounting records and returns., or certain disclosurès of truslee5' remuneration specified by law are not made; or we have not received all the information and explanations we requlre for cur audit., or th8 Tiustees were not entitled to prepare the finan¢lal statements in accordance with the small companies regime and take advantage of the Small companles, exemptions in preparlng the Trustees, report and from Ihe requlrement to prepare a strategic report. Responslbllltles of Trustees As explalned more fully in the statement of Trustees, responsibilities, the Trustees, who are also the dlrectors of the charlty for the purpose of company law, are responsible for the preparallon of the financial slalemenls and for being 8alisf18d that they give a true and fair view, and for such internal control as the Trusl88s determlne Is necessary to enable the preparation of financial statements Ihal are free from matarial misstatement, whether due to fraud or error. In preparing the financlal statements, the Trusle8s are responsible for assesslng the charity's ability to continue as a going concern, disclosing, as applicable, matters related to golng concern and uslng the going concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or Io c8ase OP8ration$, or have no reallsll¢ alternatlve but to do so. Auditorf8 respon8lbllltle$ for the audlt of the flnanclal statem•nt8 Our objectives are to obtain reasonable assurance aboul whether the financial statements as a whole are free from material mlsstalemenl, whether due to fraud or error, and to issue an auditorfs report that Includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted In a¢¢ordance with ISA5 (UK) will always detect a mat8rial misstatement when il exists. Misstatements can ari59 from fraud or error and 8re considered malerial if, Individually or in the aggregate, they could reasonably be expected to Influence the 8conomlc declslons of users taken on Ihe basls of these financial statements, Irregularities, inGluding fraud, are instances of non-compliance with laws and regulations. W8 design procedures in Ilne wlth our respon5ibililies. outlined above, to detect material misstatements in respect of irr8gularilies, Includlng fraud. The extent to which our procedures are capable of delecling irregularltles, Including fraud is detailed below.
ENTERPRISE CAUSEWAY LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ENTERPRISE CAUSEWAY LTD Explanation as to what extent the audit was considered capable of detectlng Irregularlties, includlng fraud The objectives of our audit in respect of fraud, are., lo identify and assess the risks of material misstatement of the financial slalements due to fraud- lo obtain sufficient appropriate audit evidence regarding the assessed risks of material misslalement due to fraud, through designing and implementing appropriate responses to those assessed risks- and lo respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibillty for the prevention and detection of fraud rests with both management and those charged with governance ofthg company. Our approach was as follows.. We oblalned an undBrstanding of the legal and regulatory requirements applicabl8 to the company and considered that the most signiflcant are the Companies Act 2006, Charities Act (Northern Ireland) 2008, th8 Charity SORP. and UK financial reporting Standards as issued by the Financial Reporting Council. We obtained an understanding of how the company compli8S Wlth these requlrements by discussions with management and those charged wllh governance. We assessed the rlsk of materlal misslalement of the financial statements, including the risk of material misstatement due to fraud and how It might occur, by holdlng discussions with management and those charged with governance. We Inquired of management and those charged wllh governance as to any known Inslances of non- compllance or suspected non-compliance wilhlgws and regulations. Based on this understanding, we designed specific appropriate audit pracedures to Identify instances of non-compliance with laws and regulations. Thls included making enquiries of management and those charged wllh gcvernance and obtalnlng additional corroborative evldence as required. As part of an audit in accordance wlth ISAS (UK) we exerGise professional judgement and malntain professional scepticlsm throughout the audll. We also: Identify and assess the risks of material misstatement of the flnanclal slatement8, whether due to fraud or error, deslgn and perform audit procedures responslve to those risks, and oblain audit evldence that 55 sufflclent and approprlale to provlde a basls for our opinion. The risk of not detecting a material misstalement resulting from fraud is hlgher than for one resulting from arror, 89 fraud may Involve collusion, forgery, intentional omissiong, misrepresentations, or the override of internal control. Oblaln an understandlng of Internal control relevant to the audll In order to deslgn audil proc8dures that are appropriate In the ¢lrcumstan¢es, but not for the purposes of expressing an opinion on the effecliveness of the company's internal control. Evaluate the appropriateness of accounting policias used and the reasonabl8ness of accounling eslimales and related dlsclosures made by thè Trusleeg. Conclud8 on the appropriateness of the Trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whelher a material uncertainly exists related to events or conditions that may cast Significant doubt on the charity's ability to continue as a going ¢onGgrn. If we conclude that a malerlal uncertainty exists, we are required to draw attention in our auditor's report lo the related dlsclosures In the financial statements or, if such disclosures are inadaquat8, to modify our opinion. Our conclusions are based on the audit 8videnc8 obtained up to the dale of our auditor's report. However, future events or ¢ondilion5 may Cause the charity to Cease to continue as a going Concern. Evaluate the overall presentallon, structure and contenl of the financlal statements, Including the disclosures. and whether Ihe financial statements represent Iho underlylng transactlon5 and events in manner that achieves fair presentation. A further descriptlon of our responsibilities Is avallable on the Financial Reportlng Councll's website al., httPS',11 .frc.org.ukJauditorsresponsibililies. Thi5 de5crlption forms part of our auditorfs report. We communlcale with Ihose Charged with gDvemance regarding, among other matters, the planned scope and timing of the audit and significant audit findingg, including any significant deficiencies in internal control thal we identify during our audit.
ENTERPRISE CAUSEWAY LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ENTERPRISE CAUSEWAY LTD Use of our report This report is made solely lo the charlty's members, as a body, In accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charity's members those matters we are required to slate to them in an auditors. report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbility to anyone other than the charlty and the charitys members as a body, for our audit work, for thls report. or for Ihe oplnlons we have formed. Dr R I Peters Gallagher OBE FCA {Senlor Statutory Audltor) for and on behalf of Moore (N.I.I LLP 18 December 2023 Chartered Accountsnts ststutoryAudltor 30-32 Lodge Road Coleralne BT52 1 NB