Extra Care for Elderly People Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Extra Care for Elderly People Limited Year ended 31 March 2023 Opinion We have audited the financial statements of Extra Care for Eldedy People Limited (the 'charty') for the year ended 31 March 2023 which comprise the statement of financial activities (including incorne and expendrture account). statement of financial position. statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard apP1Kab in the UK and Republic of IreLand (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the Gharity's affairs as at 31 March 2023 and of its inc(Ing resources and appIation of resources. including its income and expenditure. for the year then ended- have been propedy prepared in accordance wrth United Kingdom Generalty Accepted Accounting Practice- have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audrt in accordance with Intemational Standards on Audtting (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further descrtbed in the audilorfs responsibilrties for the audit of the financial statements section of our report. We are independent of the charity in accordance wrth the ethical requiremenls 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 ethical responsibilities in accordance wilh these requirements. We believe that the audit evidence we have obtained is suffiGient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In foiming our opinion on the financial statements, whh is not modified, we have considered the adequacy of the disclosure made in note 27 to the financial statements conceming the charty's abilty to continue as a going concem. The chanty's bank declined to renew the charity's loan financing in June 2022 and this condition, along wilh the other matters explained in note 27 to the financial statements. indicate the existence of a material uncertainty which may cast signtficant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that T•Uld resuh if the ¢ompany VRS unabte to Continue as a going concem. 16
Extra Care for Elderly People Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Extra Care for Elderly People Limited (c¢)neinu•d) Year ended 31 March 2023 Other inforntIon The other information comprises the infom)ation included in the annual report. other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on Ihe finanaal statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any form of assuran conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the audtt or otherwise appears to be materially misstated. If we identfy such material inconsistencies or apparent material misstatements, we arè required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infonnation. If. based on the work we have performed. we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. Vve have nothing to report in this reJard. Opinions on other matters prescribed by tho Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit" the information given in the trustees. report for the financial year for which the financial statements are prepared is consistent wrth the financial statements: and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charity and ts environment obtained in the ourse of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in reSpt of the following matters in relation to which the Companies Act 2006 requires us to report to you rf. in our opinion.. adequate accounting records have not been kept. or rebjrns adequate for our audit havè not been receNed from branches not visited by us: c the financial statements are not in agreement with the accounting records and retums: or certain disclosures of trustees, remuneration specrfied by law are not made: or we have not received all the infomation and explanations we require for our audit: or the trustees were not entttled to prepare the financial ststements in xCOrdan with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement lo prepare a strategic report. 17
Extra Care for Elderly People Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Extra Care for Elderly People Limited (continu•d) Year ended 31 March 2023 Responsibilities of trustees As explained more fully in the trustees, responsibilities ststement. the trustees (who are also the directors 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 view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or emr. In preparing the financial statements, the twstees are responsible for assessing the charity'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 trustees etther intend to liquidate the charrty or to cease operations. or have no realistic alternative but to do so. 18
Extra Care for Elderly People Limited Company Limlted by Guarantee Independent Auditorfs Report to the Members of Extra Care for Elderly People Limited (continued) Year ended 31 March 2023 Auditorfs rosponsibilities for the audit of the financial staternents Our objectives are to obtain reasonable assuran abolrt whether the financial statements as a who are free from material misstatement. whelher due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordan with ISAS (UK) will ahyays 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 be expected to Influen the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-cc>mpliance with laws and regulations. We design pr¢xedures in line with our responsibilities, outlined above. to detect material rnisstatements in respect of irregularities, including fraud. The extent to whh our prttedures are capable of detecting irregularities, including fraud is detailed below: In identifying and assessing risks of material misstatement in respect of irregularrties, including fraud and non-complian with laws and regulations, we considered the following". the nature of the industry and sector, control environment and business performance including the design of the rernuneration policies. key drivers for directors, remuneration. bonus levels and performance targets., results of our enquiries of management aboui their (win hJentificatKsn and assessment of the risks of irregularities.. any matters we identrfied having obtsined and reviewed documentation of their policies and procedures relating to". Jdentifying. evaluating and com1ng wf(h laws and regulations and whether management were aware of any instances of non-compliance.. detecling and responding to the risks of fraud and whether management have knowledge of any actual, suspected or alleged fraud., the internal controls established to mitigate risks of fraud or non-complian with laws and regulations. the matters discussed among the audrt engagement team including signrficant componenl audit teams and relevant intemal specialists. including tax and valuatKJns specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, considered the opportunities and incentives that may exist within the organisation for fraud and identtfied the greatest FQtential for fraud. In common wtth all audlts under ISAS {UK), we are also required to perfotm specifK procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operation, fccusing on provisions of those laws and regulations that had a dired effect on the determination of material amounls and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance wth the UK CompanEs Act and tax legisLation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their abilty to operate or to avoid a material penalty. 19
Extra Care for Elderly People Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Extra Care for Elderly People Limited (conthL*d) Year ended 31 March 2023 As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audit. We also. Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error. design and perfom audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusM)n, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of intemal control levant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by thè trustees. Conclude t)n the appropriateness of the trustees, use of the going concem basis of accounting and. based on the audit evKlence obtained. whether a material uncertainty exisls related to events or conditions Ihat may cast signrficant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modfy our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However. future events or condrtions may cause the charity to ase to continue as a going COnrn. Evaluate the overall presentation. strudure and contenl of the financral statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 20
Extra Care for Elderly People Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Extra Care for Elderly People Lim ited (continued) Year ended 31 March 2023 We communicate with those charged with govemance regarding. among other matters. the planned scope and timing of the audit and significant audit findings. including any signifant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charity's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the charity and the charty's members as a body. for our audrt work. for this report, or for the opinions we have fomed. Conor Dcdan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 25th January 2024 21