Clanmil Housing Association Limited Independent auditors, report to the members of Clanmil Ilousing Association Limited 14 Report on the audit of the financial statements Opinion We have audited the financial statements, included ii'ithin the Annual Statement ol Accounts ('1he Annual Report").. Ivhich comprise.. the consolidated and association statements of financial position as at J l March 2023. the consolidated and association statements of comprehensive income, the consolidated and association statements of changes in reserves, and the consolidated cash flow statement for the year then ended: and the note5 to the financial ststements. which include a description of the significant accounting policies. In our opinion, Clanmil Housing Association Limited'5 group financial statements and association financial statements ("the financial statements")- give a true and fair vieiv of the state ofthe gn)up's and of the association's affairs as at 31 March 2023 and of the group's and association's surplus, and of thc group's cash flows, for the year then endcd; have been properly prepared in accordancc M'iih LTnited Kingdom Generall), Accepted Accounting Practice (United Kingdom Accounting Standards: comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and applicable law)"" have been properlv prepared in accord&e¢ 1th the Co-operative and Community Benefit SocieÈtes Act (Northern Ireland) 1969 and the Registered Housing Associations (Accounting Requirements) Order (Northern Ireland) 1993. Basis for opinion We conducicd our audit in accordance with Intcrnational standards on Auditing (LK) ("'ISAs (LKI'-') and applicable law. Our rcsponsibilities under ISA5 {UKI arc further described in thc Auditors. rcsponsibilities for the audit of the fJn2ncial statcmcnts scction of our report. We believe that the audit evidence we hal'e obLiincd 15 5urrIcienl and appropriate to provide a basis for our opinion. Independence We remained independent of the group and association in accordance with the ethical requirements that are relcvant to our audit of the financial statements in the UK, which includes the FRC'S Ethical Standard and 14'e hai'e fulfilled our other ethical responsibilities in accordance iyith these requirements. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to iirhich ISAS (UK) requirc us to report to you when.. the board's use of the going concern ba515 of accounting in the preparalion of the financial statcmcnts is not appropriate- or the board has not disc105ed in the financial siatements anv idenlified material uncertainties that may cast significant doubt about the group's and associaiion's ability lo continue io adopi the going concem basis of accounting for a period of at least twelve months from the date M,hen the financial staletnents are authorised for issue. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the group's &nd association's ability to continue as a going concern. Reporting on other information The other information comprises all of the information in the Annual Report other than thc financial statements and our auditors, report thereon. The b02rd is responsible tor the other infomialion. Our opinion on the financial statements does not cover the other information and, aecordingly, we do not express an audit opinion 01 anv form of &ssurance thereon. In connection with our audit of thc financial statements, our responsibilitv is to read the other infomiaiion and, in doing so, consider wheth¢r th¢ othcr information is matL"rially inconsistent with the fInLia1 statcmcnls or our knoi4ledge obtained in the auJil, or otherwise app to bc materially misstatcd. If w'c idcntify an apparent malerial incon5i5lcncy or matcrial misstatcmcnt, Ive are required to pcrform procedures to concludc whcther there is a malcrial misstatcmcnt of the financial statements or a tnairrial mis51atcmcnt of the other information. If, b&sed on the Ni'urk 1C have perfonned: "t concludc Ihal thcrc is a matcrial misstatement of this oihcr information, we are required lo report that fact_ We havc nothing to report based on theqe responsibililics. Responsibilities for the financial statemenls and the audit Responsibilities of the board for the fin9n¢ial statements As explained more fully in the Statement of the responsibilities of the member5 of the Board of Management set out on pages 12 and 13, the Board is responsible for the preparaiiun of thc financial staiements in accordance with the applicable framework and for being satisfied that they gii'L a truc and fair view. -Ihc Board is also responsible for such inlerndl Lvnlrol as it dL"ILrmincs is necessary to ¢nablc ihc prcparation of finanLial statcmcnts that are free froTn matcrial rnisstatcmcn¢ whether due to fraud or error.
Clanmil Housing Association Limited Independent auditors, report to the members of Clanmil Housing Association Limiled (continued) 15 In preparing the financial statemenls. the board is responsible for assessing the group's and 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 either intends to liquidate the group and association or to cease operalions. or has no realistic alternaiive bur to do so. Auditors, responsibilities for Ihe audit of the financi41 statements Our objectives are to obtain reasonable assurance about whether the financial stalements as a whole are free from material misslatemenl, whether due to fraud or error, and to issue an auditors. report that includes our opinion. Reasonable assurance i.s a high level of assurance, but is not a guaranlee that an audit conducted in accordancc with ISAS (UK) w'ill always detect a material rnisstatement when ii exists. Misstatements can arise from fraud or eor and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of thcsc financial statements. Irrcgularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respecl of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularitics. including fraud is dethiled below: We coiisidcred the opportunitie5 and inG¢ntivcs ihat may exist wiihin the company for fraud and identified the greatest potential for fraud in the following areas: liming of recogniiion of income and posting of unusual joumals. To address those risks we discussed the riski with client management and designed audit procedures to test Ihe timing of revenue recognition and tested a sample of journals to confinn ihey were appropriaie. A furthcr descriplion of our rcsponsibilitics fur Ihc audil of the financial statements is located on thc l-.inancial Rcponing Council's web51te al.. www.Irc.org.uk/auditorsresponsibililie5. This dcscriplion forms part of our auditors. report. Use of this report This report, including the opinions. has been prepared for and only for the private registered proN'ider's members as a body in acLordance with section 43 of the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 and article 19 of The Housing (Northem Ireland) Order 1992 and for no other purpose. We do not, in giving these opinions, accept or assuinc regponsibility for any other pUoSe or to any othcr peison lo whom this report is sbown or into whose hands it may come save where expressly agreed by our prior consent in wtiting. Othcr required reporting Co-operative and C.nmmunity Benefit Societies Act (Northern Ireland) 1969 eNception reportlDg Lnder the Co-operative and Community Benefit Societies Act (Nonhern Ireland) 1969 li'e are required to report ro you if, in our opinion.. a satisfactory system of control over tTansactions has not been maintained- or wc have not received all the tnformalion and cxplanations we require for our audit- or proper accounting records have not been kept by the association" or thc association financial slatements are not in agrccmcnt with the accounting records. We have no exceptior15 to rcwrt arising from tliis responsibility. Brian Clerkin (Senior Statutory Auditor) for and on behalf of ASM (B) Ltd Siatulory Auditor Glcndinning House 6 Murray Street Belfa.%l BTI 6DN 6 July 2023