Docusign Envelope ID.. 347DE47E-2A31496D-BD24-7EDC40094CAA REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF LAGAN VALLEY VINEYARD CHURCH Opinion We have audited the financial statements of Lagan Valley Vineyard Church Ilhe 'company'l for the year ended 31 August 2023 which comprise the statement of comprehensive income, the balance sheet, the statement tsf changes in equity. the slalemenl of cash flows and notes to the financial slalemenls, including signif1canl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting practi). In our opinion the financial statements: give a true and fair view of the slate of the company's affairs as al 31 August 2023 and of ils deficit for the year then ended. have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKI) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the finanaal slalemenls section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to Ouf audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtained is sufficient and appropTiale to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stalemenls, we have concluded that the directors, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfamed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability lo continue as a going concern for a period of al least twelve months from when the financial slalemenls are authorised for issue. Our responsibilities and the re$ponsibililies of the directors with respect to going concern are described in the relevant sections of this report. Other information The other infom)alion compiises the information included in the annual report other than the financial statements and our auditor's report Ihereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other inlomalion and, exeept to the extent otherwise explicitly slated in our report. we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other infofmalion and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a material misslalemenl in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial slalemenls are prepared is consislenl with the financial stalemenls., and the Report of the Trustees has been prepared in accordan with applicable legal requirements. Page 7
Do¢uSign Envelope ID.. 347DE47E-2A31496D-8D24-7EDC40094CAA REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF LAGAN VALLEY VINEYARD CHURCH Matters on which we are requirgd to report by exception In the light of the knowledge and understanding of the company and ils environment obtained in the course of the audit, we have not identified material misslalemenls in the strategic report and the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and relums. or certain disclosures of directors, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the directors were not entitled lo prepare the financial statements in accordance with the small companies regime and lake advanlaue of the small comDanies' exemDlion in DreDarina the directors, reDOrt. Responsibilities of dlrectors As explained more fully in the directors, responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary lo enable the preparation of financial statements that are free from material misstalemenl, whether due lo fraud or error. In preparing the financial slalemenls, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable. matters related lo going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or lo cease operations. or have no realistic alternative but lo do so. Page 8
Docusign Envelope ID.. 347DE47E-2A31496D-8D24-7EDC40094CAA REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF LAGAN VALLEY VINEYARD CHURCH Our responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assuran about whether the financial slalements as 8 whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assuran is a high level of assuran bul is not a guarantee that an audit conducted in accordan with ISAS IUKI will always delect a material misslalemenl when it exists. Misslatemenls can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial stalemenls. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. Explanation as to what extent the audlt was considered Capable of detecting irregularltles, including fraud The objectives of our audit in respect of fraud, are., to identify and assess the risks of material misslalement of the financial slalements due lo fraud,. to oblain sufficient appropriate audit eviden regarding the assessed risks ol material misstatement 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 responsibility for the prevention and detection of fraud rests with both management and those charged with governance ofthe company. Our approach was as follows.. We obtained an understanding of the legal and regulatory requirements applicable lo the company and considered that Ihe most significant are the Companies Act 2006, UK financial reporting slandards as issued by the Financial Reporting Council, and UK laxation legislation. We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance. We assessed the risk of material misstatement of the financial statements, including the risk of materi81 misslalement due to fraud apd how il mighl occur, by holding discussions with management and those charged with governance. We inquired of management and those charged with govemance as to any known instances of non-compliance or suspected non-compliance with laws and regulations. Based on this understanding, we designed specific appropriate audit procedures to identify instances ol non-compliance with laws and regulations. This included making enquiries of management and those charged with oovernance and oblainina additional corroborative evidence as reauired. As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial slalement5, whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misslatemenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentalions, or the override of inlernal conlrol. Obtain an understanding of internal control relevant lo the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on Ihe effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting eslimales and related disclosures made by the directors. Conclude on the appropriateness of the directors, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the date of our auditor's report. However, future events or conditions may cause the company lo cease lo continue as a going concern. Evaluate the overall presentation, structure and content of the financial slalements, including the disclosures, and whether the financial slalements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other mallers, the planned scope and liming of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. Page 9
Do¢uSlgn Envelope10.' 347DE47E-2A31-496t>BD24-7EDC40094CAA REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF LAGAN VALLEY VINEYARD CHURCH A further description of our responsibilities for the audit of the financial slatemenls is located on the Financial Reporting Council's website al w.frC.org.UkIaudt0rsreSpOnSlbIjI1les. This description forms part of our Report of the Independent Auditors. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the charitable company's members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's members those matters we are required to slate lo them in an auditors, report and for no other purpose. To the fullest extent pemiilted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, lor our audit work, for this report, or for the opinions we have formed. 9RLP Dr Rosemary Peters Gallagher OBE (Senior Slalulory Audilorl for and on behalf of Moore IN.1.) LLP Doneg811 House 7 Donegall Square North Belfast Northern Ireland BT15GB Dale.. 28th June 2024 Page 10