Newington Housing Association (1975) Limited
15
Independent Auditors, Report to the members of Newington Housing Association (1975)
Limited
Opinion
We have audited the financial statements of Newington Housino Assoctation (1975) Limit¢d ("th¢ Association") for the year ended 31
March 2024 which comprises the statement of comprehensive income, the statement of changes in reserves, the statement of fmancial
position and the related notes to the fmancial statements, including a summary of significant accounting policies. The fmancial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial
Reporting Standard 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice) and the Housints SORP: Statement of Recommended Practi¢¢ for Social Housing Providers.
In our opinion the financial statem¢nts'.
give a true and fair view of the state of the Association's affairs as at 31 March 2024 and of its sury)lus for th¢ year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and
have been properly prepared in accordance wilh the requirements of the Co-operative and Community Benefit Societies Act
(Northern Ir¢land) 1969 (fornierly th¢ tndustrial and Provident Societies Act (Northem Ireland) 1969), with the requirements of
Article 19 of the Housing (Northern Ireland) Order 1992, R¢gist¢r¢d Housing Associations (Ac¢ounting Requirements} Order
(Northern treland) 1993, the Charities Act (North¢rn Ir¢land) 2008 and R¢gulation 9 of ihe Charities (Accounts and Reports)
Regulations (Northern treland) 2015.
Basis of opinion
We conducted our audil 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 th¢ audit of the fmancial stat¢m¢nts
section of our report.
We are independent of the Association in accordance with the ethical requirements that are relevant to our audit of the fmancial
statements in the UK, including the FRC'S Ethi¢al Standard, and we have fulfilled our other ethical responsibilities in accordance with
those requirements. We believe that the audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the fmancial statements, we have concluded that the directors, use of the going concern basis of accounting in thepr¢paration
of the fmancial statements is appropriat¢.
Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that,
individually or collectively, may cast significant doubt on the Association's ability to continue as a going concem for a period of at
least twelve months from when the f￿anCIal statements ate authorised for issue.
Our responsibilities and the responsibilities of the Board of Management with respect to going concern are describ¢d in the relevant
sections of this r¢port.
Other inforniation
The other inforniation comprises the inforniation included in the Report of the Board of Management other than th¢ fmancial statements
and our auditors, report ther¢on. The Board of M8nagement is responsible for the other inforniation. Our opinion on the fmancial
slatements does not cover the other inforn)ation and. except to the extent otherwise explicitly stated in our report, we do not express
any form of assurance conclusion th¢reon.
Our responsibility is to read the other infornlation and, in so doing, consider whether the other infonnation is mat¢rially inconsistent
with the fmancial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify
such material inconsistencies or apparent material misstatements, we are required to deterniine whether there is a material misstatement
in the f]nancial statements or a material misstatement of the other inforniation. If, based on the work we have perf0rnie￿ we Conclude
that there is a material misstatement of this other infonnation, we are required to report that fact.
We have nothing to report in this regard.

Newington Housing Association (1975) Limited
16
Independent Auditors, Report to the members of Newington Housing Association (1975)
Limited (cont'd)
Matters on which we are required to report by exception
In light of our knowledge and understanding of the Association obtained in the course of the audit, we have not identified material
misstatements in the Report of the Board of Management and the Strategic Report.
We have nothing to report in respect of the following matters where the Charities (Northern Ireland) Act 2008 and Regulation 9 of the
Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion:
the inforniation given in the Report of the Board of Management and the Strategic Report is inconsistent in any material
respect.
sufficient accounting records have not been kept.
the financial statements arc not in agreement with the accounting ￿ords. or
we have not received all the inforniation and explanations required to Complete our audit.
We have nothing to report in this regard.
Under the Co-operativ¢ and Community Benefit Societies Act (Northern Ireland) 2016 (forn]erly the Industrial and Provident Societies
Act (Northern Ireland) 1969) are required to report to you if, in our opinion..
a satisfactory system of control over transaclions has not been maintained. or
we have not received all the infonnation and explanations we require for our audit; 01
prop¢r accounting records hav¢ not been kept by the Association. or
the Association's fLnancial statements are rjot in agreement with the accounting record5.
We have nothing to report in this regaTd.
Responsibilities of the Board of Management
As explained more fully in the Board of Management's Statement of Responsibilities, the BoaTd of Management is responsible for the
preparation of the fmancial statements and for being satisfied that they give a true and fair view. The Board of Management is also
responsible for such internal control as it deterniines is necessary to enable the preparation of fmancial statements that are free from
material misstatemenL whether due to fraud or error.
In preparing the financial statements, the Board of Management is responsible for assessing the Association's ability to continue as a
going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting, unless the
Board of Management either intend to cease operations, or have no realistic alternative but to do so.
Auditors, responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about wheiher the financial statements as a whole are free from material misstatement,
wh¢ther due to fraud OT error, and to issue an auditors. report that includes our opinion. Reasonable assurance is a high level of assurance
but is not a guarantee that an audit conducted In accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could Teasonably be
expected to influence the economic decisions of users taken on the basis of these fmancial statements.
Irr¢gularities, including fraud, are instances of non-complÈan¢e with laws and regulations. We design procedures in line with our
responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our
procedures are capable of detecting irregularities, including fraud is detailed below:
We considered the opportunities and incentives that may exist within the Association for fraud and identified the greatest potential for
fraud in the following areas: management override of controls relating to posting of journals. To address those risks we discuss￿ th¢
risks with client management and designed audit procedures to test a sample of journals to confjrni they were appropriate.

Newington Housing Association (1975) Limited
17
Independent Auditors, Report to the members of Newington Housing Association (1975)
Limited (cont'd)
A further description of our responsibilities for the audit of the fmancial statements is located on the Financial Reporting Council's
websifr at ii'ww.frc.or .uklaudiiorsre4
)on£ibilities. This description fornis part of our auditors, report.
Use of our report
This report is made solely to the Board of Management in accordance with section 43 of the Co-operative and Community Benefit
Societies Act (Northern Ireland) 2016 (forn]erly the Industrial and Provident Societies Act (Northem Ireland) 1969) and article 19 of
The Housing (Northern Ireland) Order 1992. Our audit work has been undertaken so that we might state to the Board of Management
those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest exfrnt perniitted by law,
we do not accept or assume responsibility to anyone other than th¢ Association and th¢ Board of Management, for our audit work, for
this report, or for the opinions we have fonned.
Brian Clerkin FCA
Scnior Statutory Auditor
for and on behalf of Sumer Auditco Nl Limited
Registered Auditors
Glendinning House
6 Murray Street
Belfa$t
BTI 6DN
17 Sept¢mber 2024