CIIARTBEIBD ACCOVNTANTS CRAIGOWEN HOU ING ASSOCIATION LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CRAIGOWEN HOU LIMITED FOR THE YEAR ENDED 31 MARCH 2024 G ASSOC ION We have audrted the Ilnancial statements of Craigowan Housing Assfxlatlon Limiled for the year ended 31 March 2024 which comprise of the Slalement of Comprehensive IrKome, the Balance Sheet, Ihe Statement of Cash Flows. the Statement of Changes in Equity and notes to the financial statements, including a summary of significant accounting policies. The financial reportlng framework that has been applied in their preparation Is applicablè law and Unit8d Kingdom Accounting Standards. Including Financial Reporting Slandard 102 The Financial Reportlng Standard applThbl• in the UK and Republlc of Ireland (Unlted Klngdom Genaralty Accepied A¢counllng Pracilce). In our opinlon the financial sial8ment8: gfve a twe and fair view ol tha state of the AssodaiirJn'8 affalrs as at 31 March 2024 and of Its Income and expendltufe for the year then ended., have been properly prepared in accordance with United Klngdom Generally knepled Accounting Practice; and have been prepared in accordance wlth requirements of the Ctroperatlve and Communlty Benefit Societies Act (Northern Ireland) 1969 and the Regstered H￿sIng A880cl8tion8 (Accounting Requirements) Ordef (Northern Ireland) 1993. Ba818 for oplnlon We conducted our audlt in accordance wllh Internaliorbal Siandard8 on Audlting (UK) (ISAS (UKI) and applicable law. Our r88ponslbNlties under those siandard8 are further descrlbad In the Auditor's responsibllltles for Ihe audit of th8 Ilnancial statements secllon of our fèport. We are independenl of the Associatbon In accordance with the ethical requirements that are relevant lo our audrt of the financial 81atem8nts in the UK, Induding the Financial Reporting Cwncll's Ethical Standard, and we have fulfilled our other ethlcal responslblllties in accordance wlth these requirements. We believe that the audlt evidence we havo oblained18 $uffiGient and appropfiate to provide a basis for our O￿nIOn. Conclu8lon• r•latlng to golng conc•rn In audilir¥J the financial statements. we have conduded Ihal t￿ board's use of Ihe golng concern basls of accounting In the preparatlon of the financial statements is approprlate. Based on the work ￿ have performed, we have not Identified any materlal uncertalntles relating lo events or condllions that. individually or collectively, may Gast Signif￿nI doubt on the assoclallon's abilty lo continue as a going conGem for a period of al lea3t twelve rnOnt￿ from when the flnanclal statements are auihorised for issue. Our responsibilities and the responslbllilles of the Board with respecl to ￿lIng concern are desGribed in the relevant se¢tlons of thls report. Alfred Hnufte f,pnt?iry Hniisp. 40 Crescent Biisiness Park LISJJURN BT28 2GN POKTADOWN Crai&ivon B'l'62 3pri BEtSAST BTr 8EQ DX3910 NR Belfa8t 60 T*L. +44 (0)￿ 9031 wa Fax: +44 (0)28 9031 trfTI Tel: +44 (nh8 9260 7355 Fax• 444 [0)28 9260 16.fj6 Tel.. +44 (n)2113833 28ui riJX'. +44 (u}28 J835 0293 CRAIGOWE HOUSING ASSOCIATION LIMITED NDEPENDENT AUD 'S REPORT TO THE MEMBERS OF CRAIG ED FOR THE YEAR ENDED 31 MARCH 2024 WEN HOUSING ASSOCIATION Other Inforrnation The other informatlon comprises the Information included In the annual report, other than the financial statements and our auditor's report Ihereon. The Board Is regponslble for the other information contained within the annual re￿)rt. Our opinion on the financial staternents does nol cover the other infoimation and. except to the extent Olherwlse explicitly staled in our report. we do nol express any lorm of assurance conclusion thereon. Our responsibilily is lo read the other Information and, In doing so, consider whether the other inft)rmaiion is materially Incon55stent with the financial statements or our knowledge obtained in Iha ¢ours8 of the audit, or otherwise appears lo be materially misstated. If we identify such material Inconslst8ncles or apparent materl81 mlsslatements, we are required to determine whether this glves rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we condud8 that there Is a materlal mls8talement of this olh8r information, we are required lo réport thai faci. We hav8 nothlng to réport In thls regard. Mattor8 on whlch wo aro roqulr•d to r•port by •xc•ption In the light of our knowledge and underntandlng of the Assoclatlon and Its envlronrnent obtained In the course of the audit, we have not identified materlal mlsstalernents in the Report of the Board. We have nolhlng lo report In respect of the following matters where the co-op￿alIVe and Communlty Benefit Socleties Act {Northern Ireland) 1969 r8qulre3 us to report lo you. If In our oplnlon.. Ihe Assoclatlon has not kepl proper boc4(s of account,. or a satlsfactory system of control over transactions has not been maintained; or the financial statements are not in agreement wlth the A880ciation'8 books of account. or we have not oblalned all the inlomiation and explanations necessary for the purpose of our audit. Ro8pon81bllltlu of th• Board As explained more fully in the statement of board members. re5ponslbllities sel out on page S, Ihe Board 1$ responsible for the preparation of the financial statements and for being satisfied that they glve a true and fair vlew, and for such internal control as Ihe Board determine is necessary to enable Ihe preparalion of financial statements that are frtt from maiorial misstatement, whether due to Iraud or error. In preparing the financial statements, the Board is responsible for asse3slng the A$soclallon'$ ablllty to Continue as a going concern, discloslng as applicable, matters related to going concern and uglng ihe golng concern basis of accountlng unless the Bowd either interKls to Ilquidate the a8$oclatlon or to cease operations, or to have no ￿aliStIC altemative but to do so. CRAIGOWEN HOUSING ASSOCIATION UMITED INDEPENDENT AUDITOR'S REPORT TO THE MEM8 LIMITED FOR THE YEAR ENDED 31 MARCH 2024 S OF CRAIGOWEN HOUSING ASSOCIATION Audltor¥' responslbllitle• for lh• audlt of the flnanclal 8tateMent8 Our objectives are to obtaln rea8on8ble assuraneA about whether the financlal staternents a5 a whole are fre8 from material rnisstatement, whether due to fraud or effor. and to Issue an auditor's report th81 Includes our opinion, Reasonable assurance Is a hlgh level of assurance. but Is not a guaranlee that an audit conducted in accordance wlth ISAS (UK} will always detect a material mlsstatement when it exisls. Mi8Staternents can arise from fraud or error and are consldered rnaterfal If, IrKlivldually or In the aggregate, they could reasonatAy b8 expected to Influen￿ the economlc decl81￿8 of users taken on the ba818 of the8e financlal statements. Irregularitles, Includlng fraud, are In$lance8 of nOn￿)mpliance wilh laws and regulath)n8. We deslgn procedures In line with our respon8ibS1ili88, Ixltlined abové, lo detect mat8rlal mlsstatements in respect of irregularltles, Includlng fraud. The extenl to whlch our procedur88 are capable of detects'ng Irregularilles, Includlng fraud, Is detailed below. Extant to whlch th• audlt was consldered capabl• of d•tactlng Irragularltl•8, Includlnq fraud We Idenllfy and 888es8 the risk8 of materlal mlsstatemenl of the flnancial statement8, whether due to fraud or error, and then design and porform audlt procedures rèsponslva to Ihose rlsks, Includlng oblalnlng 8udit evldence that Is sufflclent and approprlate to provide a ba818 for our oplnlon. In identfylng and a86988ing polentlal rl8k8 of malerial misstatement In r￿pect of irregularllles, includlng fraud and non-compllanc88 wlth law8 and regulation5, we consldered the following: The nature of the Industry and sector. control environment and business performance. including the Assoclatlon's remuneratlon policies for direct(ffs. bonus levels and performance targets, if any", Results of our enquiries of managernent about thelr own Identfficatlon and assessment of the risks of irregularltles., Any rnatters we identified having obtained and reviewed the Association's documentaiion of thelr polki09 and procedures relating lo: Id•nI￿lng. evaluaiing and complying wllh laws and regulallon¥ and whether they were aware of any Instan￿ of non