Greysteel Community Enterprises Company limited by guarantee Indeperjdent auditor's report to the members of Greysteel Communlty Enterprises Year ended 30 Sèptember 2018 Oplnlon We have audited the financial statements of Greysteel Communty Enterprises (the 'company'l for the year ended 30 September 2018 which cornpnse the Staternefjl of Financ131 Activities. Balan Sneel and notes to the financial statements. including a simmary of significani accounting policies The financial reportsng framework that has been applied In their preparation Is applicable law and United Kin9dom Accounting Standards. Including FRS 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Praclicel. In our opinion. the financial statements. give a true and fa1r view of Ihe stale of the comparry's affairs as at 30 September 2018 8nd of tts loss for the year then ended. have been Pfoperly prepar in accordance with United Kingdom Generally Accepted Accounting Pf8clice'. ana have been prepared In accordance with the requirements of the Companies Act 2006. Basis foi 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 ol the financi25 slaternenis section of our reporL We are independent of the company in accordance with the ethical requirements that are relevant to our audit ol the financial slalements In the UK. including the FRC'S Elhical Standard. and we have fulfilled our other ethical responsibilities in accordan with these reouiremenls We believe that the audi: evidence we have obtained Is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern We have nothing to report In respect of the followng matters In relation to whth the ISAS (UK) require us lo report to you where.. the dire¢lors' use of the 90in9 concern basis of accottntin9 in the preparab'on of the finanoal slalemenls is not appropr12te. or the directors have not disclosed in the fInancial statements any identified m*erial uncertainties that may cast significant doubl about :he companys abiliry lo continue lo adopt the going concern basis of ccour,ting for a period of at least twelve Months from the date when the financial statements are aulhor15e(t for Issue Other Inforniation The other Information c4Jmprises the information Included in the annual report. other than the financial slalemenls and our auditor's report t[e0n Tne ¢ireciors ale iesponsible for the other information. Our opinion on the financial slalements doès riot cover the other lnlorma.ion and. except to the exlenl otherwise explic1Y slated In our rÈport we do nct express any form ol aSSiJrance conclusion thereon. In connection with our audit of the f5nancial ststemÈ>nts. our responsit¥lity Is to read the other Information and, In doing so consider wheiher the Other inlortnation Is matenally ino)nsislent wiltr. the financial slalemenls or our knowledge obtained In the audit or otherwise appear5 to be materially misstated. If we idenlify such material inconsistencies or apparent mateflal misstatements. we are required lo oetermine whether there is a material misstalemeni in the fifjancial statements or a material misstatement of the other information If. based on the work we h.ave performed we conclude that there Is a rnaterial m155talement ol this other inforniation. we are required lo report Imat fatt.. We have notning to report In inis regar¢. Page S
Greysteel Comrnunlty Enterprises Company limited by guarantee Independent audltor's report to the rnernbeT5 of Groysteel Communlty Enterprises Icontinuedl Year ended 30 September 2018 Oplnlons on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undenaken In the course of the audit the infomalion given in the directors. report lor Ine pinancial year for which the financial statements are prepared is consistent wlh the financial slatemeDls and the directors, report has been prepareo In accordance with applicable legal requirements Matters on which wé are requlred to report by exception In the light of the knowledge and Ljnderstanding of the cDmDany and ils environmeni obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report in respect ol the following matter5 Whe the Companies Act 2008 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kepl. or retums adequate for our audit have not ken received from branches not visited by us or the financial statements are not in agreernent wth the accounting records and the returns.. or certain disclosures of director5, remuneration specified by law are not macle., or we have not recewed all the Intormation and explanations we require for Ouf au(Sil. or the directors were not eniilled lo prepare the financial slalemer,15 In accordance with the sryall companies regime and lake advantage of the small companie5. exefflptlDns In preparing the directors, report and from the requirement lo prepare a strategic report Responslblllties of dlre¢tors As explained more fully in the directors. respon51011ities statement the directors are responsiDle for the prepar31ion of th@ fin3nci31 st31emer.ts and for trjeing salisfreo rhal they give a Irue ana fair view. and lor such internal Gonlfol as the direciors tteiermine 15 necessary io enable the preparation of financial stateTnents th81 are f8 from material misststernenl, whether due to fraud or error In p paring the financial statements, the directors are responsib for assessing the company's ability lo continue as a going eoncern. disclosing. as applicable. matters rel*ed to going concem and using the going conrn basis of accounting unless the directors either Iniend io IiquKSale the company or lo cease operations. or have no realistic alternative but lo do so. Auditorfs rosponslbllltles for the audit of the finanel81 statements Our obieclives are lo obtain reasonable assurance about whether the financial $18tements as a whole are free from material misslatemenl, whether due tc fraud or error. and 10 Issue an auditor'5 report that Includes our opinion. Reasonable assurance Is a high level of assurance. but Is not a guaraniee tnat an audit con¢uclea in accordance with ISAS IUKI will always dete a materia5 misslatemenl when Il exists Misstalements can arise from fraud or error and are con51dered matDrial If IndiV1clually or in the 399regate. they could rèasonably bé expected lo inftuence the economic decisions of users taken on the basis of these financial statemènts As p8rt of an audit in accordance wrth ISAS IUKI. we exercise profess'.onal judgment and maintain professional scepticism throughoul the audit we also Identity and assess the risks ol material misstalemenl of the financial slaieme.nls. whether due lo fraud or error. design and perform audit procedu-es responsive to those risks end obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion The risk of not delecling a material misstatement resulhng from fraud is higher than for one results.ng from error. as fraud may involve collusion. forgery, intentional omissions. misrepresegtations. or the overnde of Internal control. Page 7
Greysteel Communlty Ent8rprises Company limlted by guarantee Independent auditorfs report to the members of Grey$teel Community Enterpri$e$ Icontinuedl Year ended 30 September 2018 Obtsin an understanding of internal control relevant lo the audit in order lo design audit procedures that are appropriat• in the circums13nces. but not for the purFOSe of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriatenèss of accounting policie5 use(J and the reasonableness ol accountyng estimates and related disclosures rnade by the directr)rs Conclude on the appropriateness ol the directors use of the going conrn basis of aGGounting and. based on the audit evidence obtaiTred, whether a nalerial uncertainty exist5 rèlxled to events or conditions that may cast significant doubt on the Company's ability lo continue as a going concern. 11 we conclude that a material uncertainty exists. we are required to draw attention In our audilo¢s report to the reL4ted disclosures in the financial ststemenls oe il such disclosure5 are inadequate. to modfy our opinion. Our ttlnclusions are based on the audit evidence obtained up to the dale of our audiiorfs reporL However, future events or condibons may caLJse the company to cease to continue as a going concern. Evaluate the overall presentation. structure and content of the financial statements, induding the disclosures, and whether the fi'nancial siatements represenl the underlying transactic*ns and events in manner Ihal achieves fair presentation We communicate with those chargea with governance regarding. among other matters. the planned scope and timing of the audit and significant audit findings. including any signific8nl éeficiencies in internal control Ihal we Identify during our audit. U68 ol our report This report is made solely to the company's membets. as a botsy. in accordance with Chapter 3 of Part 16 of the Companies Act 2006 Our audit work has been undertarfer. so thal we might stale lo the company's members those matter5 we are required to state to them In an au¥Jitorfs report and for no other purpose. To the fullesi exlenl permitted by 13w. we do not accept of assume responsibility lo anyone other than the company and the company's members as a lyJ(Jy, for our audit work. lor this report. or foi the opinions we have formed. Conor McAteér (Senior Statutory Auditor) s MCA TE&fy For and on behalf of Fergus McAteer & Co Chartered Accountants and Regisiere(S Auditors 31133 ClarÈndon Street Derry BT48 7ER PTEAED 18 DEC ?918 18 Dember 2018 Page B