Greysteel Communlty Enterprises Company Ilmlted by guarante• Independent Auditor's Report to the Members of Greysteel Communlty Enterpris•s Oplnlon We have audlted the financial statements of GreyBteel Community Enterprises) (the 'Nmpany'l for the year ended 30 September 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial slalements, including a summary of signrficanl accounting pjlicies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Uniled Kingdom Generally Accepled Accouriling Practice). In our opinion the financial statements: give a true and fair view of the state of the compan$ affairs as at 30 September 2023, and of its net income for the year then ended., have been properly prepared in accordance vAlh United Kingdom Generally Accepted Accounting Practi.. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinlon We o)nducted our audit in accordance with Intemational Standards on Auditing {UK} {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financlal stslements section of our report, We are independenl of the company in accordance wtth the ethlcal requirements thal are relevant to our audit of the financial statements in the UK. Including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responslbililies in a¢cordanc8 Wlth these requiremenls. We believe that the audit evidence we have obtained is SLrffici6nt and appropriate to provide a basis for our opinlon. Con¢lu$lons relating to going concern We have nothing to reF)Ort in respgct cf the following matters in relation to which the ISAS (UK) require us to port to you where: the directors, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate., or the dirÈetors have not disclosed in th8 financial statements any Identified material uncertainties that may ¢ast significant doubt about Ihe Company's ability to continue to adopt the going nrn basis of accounting for a period of at least twelve months from the date en the financial statements are authorised for issue. Other infomialion The directors are responsible for the other infomiation. The other information comprises the information included in the annual report other than the financial slatements and our auditor's report thereon. Our opinion on the financial Statements does not COV8r the other lnfomian and, except to the exient otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connectK)n with our audit of the financial stslements, our responsibility is to read the other information and. in doing so. consider whether lh8 Other information is rnaterially incorLsistent vmh the financial statements or our knowledge obtained in the audit or otheMise appears to be materially misstated. If we identtfy such materi81 inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infomiation. If, based on the worf( we have performed, we conCle that there is a material missiatemenl Of Ihis other infonnation. we are required to rep)rt that fact. We have nothing to report In Ihis regard. Oplnlons on othor matters prescrlbed by thè Companles Act 2006 In our opinion, based on the work undertaken in the course of Ihe audll: the information given in the trustees pOrt for the financial year for Nthich the financial $talements are prepared is consSslent with the financial statement5,' and the trustees, report linduding the strategic report) has been prepared in a¢¢ordance wth applicable legal requirements.
Greysteel Community Enterprises Company limited by guarantee Independent Audltotrs Report to tho Members of Greysteel Community Enterprises Matters on whlch we are requlred to report by ex¢eptlon In the Iigm of our knowledge and understanding of Ihe Company and its environment obtained in the course of the audit. V have not identified malerial misstatements in the strategic report and the dirèctors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you W, in our opinion.. adequate accounling records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the financial Statements are not in agreement with the accounting records and retum$', or certain disclosures of direOr9, remuneration specified by law are not made.. or we have not received all the Information and explanat¢ons we require for our audit.. or the directors were r1 entitled to prepare the financial ststements in accordan with the small companie$ regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to ppa a $trategic report Rèsponsibilitios of dlroctor8 As explained more lully in the directors, respK)nsibilities statement set out on page 4, the direclors are r8swnsible for the preparalK)n of the financial slatements and for belng sa11sfi that they give a true and falr view, and for sud) intemal control as the directors detemiine is necessary to enable the preparat•Jn of finandal ststements thal are free from material misstatement, vthelher due to fra or error. In preparing the financial statements, the directors are reswnslble for assessing the company's ability to continue as going concern. disclosing, as applicable, matters related lo going concem and using the going nCern basis of accounling unless the directors either intend to liquidate the company or to ¢ease op8ralrons. or have no realistic altemative but to do $0. Audilor's ro$pon$lbllltle8 for the audit of the Ilnan¢lal •tstements Our oblectives are to obtsin reasonable assurance about whether th6 financial stslements as a whole are free from material misstatemenl, whether due to fraud or error, and to issue an audilorf$ port that includes our opinion. Reasonable assurance b a high18vel of assurance, but is not a guarantee that an audll conducted in accordanc8 with ISAS {UK) will always detect a material misstatement when it exists. Misstat6m6nts can arise from fraud or error and are considered material rf, individually or in the aggregate. they wuld reasonably be expected to influènce the economic decisions of users taken on the basis of thése financial ststements. A$ part of an audit in accordance with ISAS IUK), we exercise professional judgment and mainlaln professional scepticism throughout th8 audit. We also.. Identify and ass8SS the risks of material misstatemenl of the financial ststemenls, whether due to fraud or error. design and perfom audlt procedures reswnsive to those risks, and obtsin audit evidence that is sufficSenl and appropriate to provide a basis for our opinN)n. Thè risk of not detecting material misstatement resulting from fraud is higher than for one resulting from error, as fraud may invofvè lJUS1on, forgery, intentional omissions. misrepresentations, or the override of internal control. Obtain an understanding of Internal Control relevant to the audit in order to design audit procedures that are appropriate In the circumstances, but nol for the purpose of expressing an opinion on the effectiveness of the ¢ompany's intemal control. Evaluate the appropriateness of accounting wlicies used and the reasonableness of accounting estimates and relaled disclosures made by the directors. Condude on the appropriateness of Ihe directors. use of the going ¢on¢em basis of accounting and, based on the 8j11 evidence obtained, vthelher a material uncertainty exists related to events or Conditions that may cast significant doubt on the company's ability to ¢onlinue as a going Gon¢ern. If we conclude that a material uncertainly exists, we are required to draw attention in our auditorfs report to the related dls¢losures in the financlal statements or, rf such disclosures are Inadequate, to modrfy our opinion. Our conclusions are based on ihe audit 6vid8nce obtained up to the date of our auditorfs report However. future events or conditions may cause the company to cease to continue as a going concem. Evaluate the overall presentation, structure and content of the financial stalements, Including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Greysteel Community Enterprises Company Ilmited by guarantee Independent Auditos Report to the Members of Greysteel Communlty Enterprises We communicate with those charged with govemance regarding. among other matters, the planned scope and limirKJ of the audit and signrfinI audit findings, including any significant defiGiencies in internal control that we identify during our audit. Use of our report This report is rnade solely to the compans 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 stale to the company's rnembers those matters we are required lo 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 company and the company's members as a body, for our audii work, for this raport, or for the opinions we have fomied. Mr Stephen Kennedy for and on bohalf of SJK Chartered Accountants Chartorod Accountants & Regl$tered Auditors 8 Bridge Road Cralgavon Northom Iroland BT67 OPF 19 June 2024