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 appI￿ation 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, wh￿h 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.
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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 inforn￿tIon
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 reSp￿t 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.
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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.
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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 wh￿h 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 com￿1ng 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.
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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 COn￿rn.
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.
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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 signif￿ant 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
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