Extra Care for Elderly People Limited Company Llmited by Guarantee Independent Auditor's Report to the Members of Extra Care for Elderly People Limited Year ended 31 March 2024 Opinion We have audf(ed the financial statements of Extra Care for Elderty PeoFde Limited (tPE 'charity'} for the year ended 31 March 2024 which comprise the statement of financial aclivities (including incne and expenditure account), statement of financial posit'on. statement of cash flows and the related notes, including a sumfflary of significant accounting policies. The financial reporting framework Ihat has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclice). In our opinion the financial statements-. give a true and fair view of the state of the chariws affairs as at 31 March 2024 and of its incoming resources and appli(£tion of resources. i1ludIng its income and expenditure, for the year then ended.. have been properly prepared in &ccKdance with Untled Kingdom Generalty ACpted Accounting Practice: have been prepared in accordance thtyth the requirements of the Companies Act 2006. Basis foropinion We conducted our audtt in accordance with Intemational Standards on Auditing {UK} (ISAS (UK)) and applicable law. Our responsibilities under those stsndards are further described in the auditorfs resp)nsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements 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 wtth these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis our opinion. Conclusions relating to going concern In forming our opinion on the financial statements. which is not modffied. we have considered the adequacy of the disclosure made in note 28 to the finanaal statements conceming the charity's abilf(y to continue as a going conM. The charitys bank declined to renew the chartvs loan financing in June 2022 and this condition, along with Ihe other matters explained in note 28 to the financial statements, indicate the existence of a material uncertainty which fflay cast significant doubt about the company's ability to continue as a going concem. The financial slatements do not include the adjustrnents that would result if the company was unable to continue as a going concem. 15
Extra Care for Elderly People Limited Company Llmlted by Guarantee Independent Auditor's Report to the Members of Extra Care for Elderly People Limited (continued) Year ended 31 March 2024 Other infomiation The other information comprises the information induded in the annual rep)rt, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other infomialion. Our opinion on the finanual statements does not cover the olher infcmiation and. except to the extent otherwise explicitly stated in our repor( we do not express any fomi of assurance conclusion thereon. In connection wf(h our audtt of the financial statements, our reswnsibilty is to read the other information and. in doing so. consider whether the other infomiation 15 materially inconsislent Wtth the financial ststements or our knowledge obtained in the audit or otheThYise appears to be materially misstated. If we identify such rnaterial inconsistencies or apparent material misstaternents. we are required to detemiine whether there is a material misststement in the financial slatements or a material rnisstatement of the other information. 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. We have nothing to report in this regard. Oplnlons on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit: the infomation given in the trustees. report for the financia5 year for which the financial statements are prepared k8 consistent with the financial statements; and the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are rèquired to report by oxception In the light of the knowledge and understanding of the charity and its enviro1nt obtained in the ourse of the audit, we have not identified material misstatements in the trustees, [M)rt. We have nothing to report in respect of the followiTVJ matters in rélation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or reknms adequate for our audtt have not been received from branches not visited by us. CY the financial statsments are not in agreement the accounting records and r8turns; or certain disclosures of trustees. remuneration specified by law are not made: or we have not receNed all the infomatw)n and explanations we requi for our audit; or the trustees were not entiled to Fxepare the financial statements in accordance with the small compani8s regime and take advantage of the small companies, exemptions in preparing the directors, repjrt and from the requirement to prepare a strategic report. 16
Extra Care for Elderly People Limited Company Limited by Guarantse Independent Auditor's Report to the Members of Extra Care for Elderly People Limited (wntinuedj Year ended 31 March 2024 Responslbilities of trusteos As explained more fully in the trustees. responsibilities statement. 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 twe and fair view. and for such intemal control as the truslees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. Our responsibility is to audit and express an opinion the financial statements in accordance with applicable law and Intemational Standards on Audiling (UK). Those standards require us to comply wf(h the Financial Reporting Council's {FRC's) Ethical Stsndard for Auditors,, in the circumstances set out in note 34 to the financial statements. In preparing Ihe financial statements, the truslees are respons71 Jle for assessing the charity'5 ability to continue as a going concern. disclosing, as applicable. matters related to going concem and using the going concem basis of a¢unting unless the trustees etther intend to liquidate the charity or to cease operations. or have no realistic altemalive but to do so. 17
Extra Care for Elderly People Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Extra Care for Elderly People Llmited (rnntinuedj Year ended 31 March 2024 Auditovs responsibilitlos for the audit of the financial statements Our objectives are to obtsin reasonable assurance about vthether the financial statements as a whole are free from material misstatement. Ythelher due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of aSSurar8. but is not a guarantee that an audit conducted in accordan with ISAS {UK} will avaYS detect a rnaterial misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial statements. Irregularities. includirrfJ fraud. are instances of non-complian wth kgws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatsments in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting iegUlarities, including fraud is detaikd beloy. In identity'ng and assessing risks of material misstatement in respect of irregularities, including fraud and non-complian¢e with lav and regulatiorts. we considered the following: the nature of the industry and sector, control environment and business performance including the design of the remuneratvjn policies. key drivers for direciors, remuneration, b)nus18vels and perfomiance targets: results of our enquiries of management aboLrt their own identification and assessment of the risks of irregularities; any matters we identified having obtained and reviewed doGumentstion of their pollcies and prOdureS relating to.. identifying, evaluating and complying with laws and regulations and whether rnanagement were aware of any instances of non-complian. detecting and responding to the risks of fraud and whether managernent have knowledge of any actual, suspected or alleged fraud", the internal controls established to mitigate risks of fraud or non•complance wth laws and regulations. the matters discussed among the audit engagement team induding significant component audit teams and relevant internal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statefflents and any potenlial indicators of fraud. As a resu]t of these predureS. we considwed the opportuntties and incentive5 that may exist wthin the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAS {UK). we are also required to perfomi speafic procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operdtion. focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key lavts and regulations we considered in this context included ongoing compliance with the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do nol have a direct effect on the financial statements but compliae with which may be fundamental for their ability to operate or to avoid a material [nalty. 18
Extra Care for Elderly People Limited Company Llmlted by Guarantee Independent Auditor's Report to the Members of Extra Care for Elderly People Limited (¢ontlnu¢rfJ Year ended 31 March 2024 As part of an audlt in accordan ISAS (UK), we exerase professional judgment and mainlain professional soepts'cism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements. thether due to fraud or error, design and perfomi 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 detecling a material misstatement resulting frorn fraud is higher than for one resulting from error. as fraud may involve collusion. forgery. intentional omissions, misrepresentations, or the oveThide of intemal control. Obtain an understanding of internal control relevant to the audit in order lo design audit ocedures that are appropriate in the circumstances. but not for the wrpose of expressing an inion on the effectiveness of the intemal control. Evaluate the appropriateness of accountlng policies used arKI the reasonableness of accounting estirnates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going COnM basis of accounting d. based on the audit eviden obtained, whether a fflalerial uncertainty exists related to events or conditions Ihat may cast significant doubt on the chartvs abilty to continue as a going concem. If we conclude that a rnaterial uncertainty exists. we are required to draw attention in [r auditorfs report to the related discbsures in the financial ststsments or, if such disclosures e inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditoffs report. However. future events or conditions may cause the charty to cease to continue as a going concem. Evaluate the overall presenlation, structure and content of the financial statements. induding the disclosures. and whether the finanaal statements represent the underlying transactions and events in a manner that achieves fair presentstK)n. 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 (continued) Year ended 31 March 2024 We cofflrnunicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findirus. induding any significant deficienoes in internal control that we identify during our audtL Use of our report This report is made solely to the charity's members. as a dy, in accordarte with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might slate to the charity's members those matters we are required to state to them in an auditorfs report and for no olher purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charivs members as a tKxly, for our audit work, for this report, or for the opinions we have fomed. Conor Dolan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountsnts & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 14 January 2025 20