Independent auditor's report to the membeT5 of The Irish Methodist Ministers Housing Society Limited for the year ended 30 September 2022 OPINION We have audited the financial ststements of The Irish methC1St Ministers Housing Society Limited 1.the Society") for the year ended 31Y September 2022 which comprise the Revenue AccounL Balance Sheet and Notes tothe Flnanclal Statements, induding a summary of significant accounting policies. The flnancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, includlng Financial Reporting Standard 102 The FinonciolReporting Stondordapplicable In the UK ond Republlcof Ireland (United Kir8dom Generally Apted Accounting Practlcel. This report Is made solely to the Socletys members, as a body. Our audit work has been undertaken so that we Mht state to the Socievs 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 to anyone other than the Society and the Societws members as a body. for our audit work. for thls reporL or for the opinions we have formed. In our oplnlon the financlal ststements: glve a true and fair vlew of the stste of the So¢leW5 affairs as at 30 September 2022 and of its income and expenditure for the year then ended. have been properly prepared in accordance wlth Unlted Kingdom Generally Accepted Accounting Practlce: have been prepared in accordance with the requlrements of the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 Iprevlously the Industrlal and Provldent Socleties Art (Northern Ireland) 19691. Basb for oplnlon We condurted our audlt In actordance with Internatlonal Standards on Audrtlng (UK) {ISAs IUKII and appllcable law. Our responsibilities under those standards are further described in the Auditorfs responsibilitie5 for the audit of the financlal statements sertlon of our report. We are independent of the soclety in accordance wlth the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCS Ethical Standard and the provisions available for small entities and we have fulfilled our other ethlcal responsibilitles In accordance with these requirements. We believe that the audit evidence we have obtslned Is sufficient and appropriate to provide a basis for our opinion. Concluslans relatlng to golng concern We have nothlng to report in re5pert of the following matters In relatlon to which the ISAS IUKI requlre us to report to you where: the commlttee's use of the going concern basis ofaccounting in the preparation ofthe financial ststements is not appropriate: or the committee has not disclosed in the financial statements any identified material UrtaIntIeS that mav cast significant doubt about the Sociews ability to continue to adopt the going concern basis of accounting for a perfod of at least twelve months from the date when the financial statements are authorised for rssue.
Independent auditor's report to the members of The Irish Methodist Ministers Housing Society Limited for the year ended 30 September 2022 The committee is responsible for the other infomiation. The other inforniation tomprises the information included in the annual report, otherthan the financia! statements and our auditorfs report thereon. Our opinion on the flnancral statements does not coverthe other informatlon and.we do twt express any fomi of assurance condusion theOn. In connection wlth our audit of the financial ststements, our ponsIbIlity is to read the other inforniation and, in doing so. consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained In theaudlt orotherw15e appears to be materially misstated. ff we identifysuch material inconsistencie5 or apparent material misstatements, we are required to detemine whether there is a materlal misstatement In the financlal statements or a material misstatement of the other informatlon. If. based on the work we have performed. we conclude that there is a material misstatement of thls other Information. we are required to report that fart. We have nothlng to report In thls regard. Matters on whkh we are requlred to report by exceptlon We have nothlng to report In respect of the followln8 matters where the Co-operatlve and Community Benefit Socletles Act (Northern Ireland) 1969 (previously the Industrfal and Provident Societies Act (Northern Ireland) 19691 requires us to report to you rf. in our opinion: the Society has not kept proper books of account, and not malntained a satisfactory system of control over Its transactions, in accordance with the requlrements of the legi51ation- or the revenue aOunt. any other accounts to which our report relates, and the balance sheet are not In agreement wtth the Socletys books of account: or we have not obtalned all the Informatlon and explanations necessary for the purposes of our audlt. R•sponslbllltlos of the Commlttee As explalned more fully in the committee's responslblltties statement set out on page 3, the committee of mana8ernent is responsible for the preparation of the flnanclal statements and for being satisfied that they give a true and falr vlew, and for such Internal control as It determines is necessary to enable the preparatlon of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the commlttee of management is responsible for assessing the SocieVs ability to continue as a going concern, dlsclosin8, as applicable, matters related to going concern and using the going concern basis of accountlng unless the committee of management elther intends to liquidate the Society or to cease operations, or has no realistic alternative but to do so. Audltorf5 responslbllltles for the audlt of the Ilnandal slatements Our oblectNes are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal mlsststement, whether due to fraud or error, and to issue an 3uditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance wlth ISAS (UKI wlll always detect a material misstatement when It exists. Misststements can arfse from fraud or error and are considered material rf. individttally or in the aggregate, they could reasonabty be expected to influence the economic decisions of users taken on the basi5 of these financ7al staternents. As part of an audtt in accordan with ISA5 IUKI. we exerctse professional judgment and maintain professional scepticism throughout the audit. We also:
Independent auditor's report to the members of The Irish Methodist Ministers Housing Society Limited for the year ended 30 September 2022 Identify and a55ess the risks of material misstatement of the financial statements, whether due to fraud or errof, design and perform audit procedures responsive to those risks, and obtain audit evideTh that IS sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misststement resultingfrom fraud is higherthan for one resultingfrorn error. as fraud rnay involve collusion. for8ery, intentional omissions, mi5representatlons, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to desl8n audlt procedures that are appropriate in the Circumstan$. but, except to the extent otherwise explicitly stated in our report, not for the purpose of expressing an opinion on the effectiveness of the Socievs internal ct>ntrol. Evaluate the appropriateness of accounting policie5 used and the reasonableness of accounting estlmates and related disclosures made by the committee of management. Conclude on the appropriateness of the committee of mana8ement'S Use of the goln8 Concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or condltlons that may cast significant doubt on the Socievs ability to continue 35 a going concern. If we contlude that a material uncertainty exists, we are required to draw attention in our auditorfs report to the related dksclosures in the finanual statements or, if such dtsclosures are inadequate. to modlfy our opinion. Our conclusions are based on the audit evidente obtained up to the date of our auditorfs report. However. future events or condltlons may cause the Soclety to cease to contlnue as a going concern. Evaluate the overall. presentation, structure and content of the financial Statements. Includlng the dlsc105ures. and whether the financial statements represent the underlylng transactions and events In a manner that achieves frdlr presentation. We communlcate wlth those charged wlth governance re8ardln& among other matters, the planned scope and timing of the audit and signiftcant audit findings, including any significant deficiencies In Internal control that we Identify durln8 our audlt. Imelda Ro8an FCA Senior Statutory Auditor for and on behalf of Rogan Accountancv Chartered Actountant5 Newtownards December 2022