CHARTFRF.D ICCOU14TAN Page 6 LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY YEAR ENDED 31 DECEMBER 2023 Oplnlon We have audilcd the financial statements of Lord Enniskillen Memorial Orange Society (the 'charitable ompany,) for the year ended 31" December 2023 which comprise ihe Siatemenl of Financial Activities (including income and expenditure account). the Balance Sheel, the Statement of Cash Flows and no(es to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounling Standards, including Financial Reporting Standard 102 The Financial Reporling Siandard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepied Accounting Practice). In our opinion the fjnancial statements: give a true and fair view of the state of the charitable company's affairs as at 31 ¥¢ December 2023, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audil in accordance with International Standards on Auditing (UK)(ISAs(UK)) and applicable law. Our responsibililics under thosc standards are further desLribed in the Auditor's responsibilities for the audit of the financial slatemenls section of our report. We are independent of the charitable company in accordance with th¢ ethical r¢quirem¢nls that are relevant to our audit of the rinancial stalements in the UK, including the FRC'S Ethical Standard, and w¢ have lfIlled our other ethical responsibilities in accordance wilh ihese requirements. We believe that the audit evidenc¢ w¢ have obtained is sufficient and appropriat¢ to provid¢ a basis for our opinion. Alfred House 19 Alfred Str1 BELPASTBT2 8EQ DX 39ioNR BELFA9T so C¢nluryHo 40 CnI Bu8inf*S VaTk LISBURN r38 2GN L7MaDd¢villcStw¢i VORTAtK)WN CM58avo r6a 3PB Tel: +44(0)289031 1113 Fax: +44(0)28 9D3i OTTP Td.. +44(0)289260 T Vax.. +44(0128 9260 1656 Tel: +44(0)28 3833 28(ty1 Pax: +44(0@ 3835 0293 Re8lstoredtO CODducl •udJt knYJrkbytholDA6Me1)l(kn¢redALwl1rl$lO Irthd ArnembxofThG@.AWoTlddeU1llofInThd¢nIAXmthT$ Flrn
Pag8 7 LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY (contlnu8d) YEAR ENDED 31 DECEMBER 2023 Conclusions relating to going concern In auditing thc financial statcmcnts. wc have concluded that the Iruslees, use of the going concem basis of accounting in the preparalion of the financial stalemenls is appropriate. Based on the work we have perfomied, we have not identified any material uncertainlies relating to events or conditions that, individually or collpxtively, may cast significant doubt on the charilable company's ability to contiThu¢ as a going concern for a period of ai least Iwelve months from when ihe financial statements authorised for issue. Our responsibilities and ihe responsibilities of the trustees wilh respect to going concern are described in the relevant sections of this report. Otber lllforn]vatlon The oiher infomialion comprises the inforniation included in the annual report other than the financial statements and our auditor's port therein. The trustees are responsible for ihe other information contained within the annual report. Our opinion on the financial stalements does nol cover th¢ oth inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other infomtIOn is materially inconsislent with ihe financial stat¢m¢nts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such malerial inconsistencies or apparenl material misstatements, we are required to detemine whether this gives rise to a material misstalement in the financial statements themselves. If based on the work we have perfornied, we conclude thai there is a material misstatement of this other infonnation, w¢ are required to report thai fact. We have nothing to report in this regard. Oplnlons on other matters prescribed by the Companies Act 2006 In our opinion, based on th¢ work und¢rtak¢n in the course of the audit: the Infoml10n given in the trustees, report (incon)orating the dir¢ctors' report) for the financial year for which the financial statements are prepared is consistent with th¢ financial statements; and the directors, report has been prepared in accordance with applicable legal requirements.
Page 8 LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY (contlnued) YEAR ENDED 31 DECEMBER 2023 Matters on which we are required to report by exception In the light of our knowledgc and understanding of ihe charitable company and its environment obtained in the course of the audit, we have not identified malerial misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 r¢quir¢s us to report to you if, in our opinion: adcquatc accounting records have noi been kept. or returns aduate 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 returns; or certain disclosures of directors, remuneration specified by law are not made. or we have not received all the inforniation and explanations we require for our audit; or the trustees were not entitled to prepare th¢ financial statements in accordance with ihe small ompanies, regime and take advantage of the small companies, exemptions in preparing the direclors, report and from the requirement lo prepare a strategic report. Respon$ibilitie$ of truste As explained more fully in the statement of directors, responsibilities set out on pages 4 and 5, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the financial statements and for being satisfied thal they give and true and fair view, and for such internal control as the trustees d¢temiine is nessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going oncern and using the going concern basis of accounting unless the trustees wither intend to liquidate the charitable company or to cease operations, or have no realistlc altemative but to do so. Audfitor's responsSb51itles for the audit of the finan¢i#l statement$ Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenl, whether due to fraud or error, and io issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guaranlcc that an audit conducted in accordance with ISAS (UK) will always detect a material 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 influence the economic decisions of users laken on the basis of these financial statements. Irrcgularitics. including fraud, arc instanccs of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatemenls in respect of irregularities, including fraud. The specific procedures for this engagement and th¢ ¢xtent to which these are capable of detecting irregularities, including fraud is detailed below:
Page 9 LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY (contlnued) YEAR ENDED 31 DECEMBER 2023 Extent to which the audit was eonsidered e&pable of detectlng irregularitles, in¢ludlng fraud We identify and assess the risks of material mi5slatemenl of the financial stalements, whether due to fraud or error, and then design and perfomi the audit procedures responsive to those risks. including obtaining audit evidence ihat is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatemenl in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: The nature of the indwtstry and sector. control ¢nviroDment and charity's financial results and position; Results of our enquIri of management about their own idenlification and assessment of the risks of irregularities; Any malters we idenlified having obtained and reviewed the Charity's documentation of their policies and procedures relating io: Identifying, evaluating and complying with laws and regulations and whether they wer¢ aware of any instances of non.compliance. Detecting and responding to the risks of fraud and whether they have knowledge of any aclual, suspected or alleged fraud. and The intemal controls established to mitigate risks of fraud or non-compliance with laws and regulations. The matlcrs discussed among the audit engagement tM regarding how and where fraud might occur in the financial slatemenls and potential indicalors of fraud. As a result of these procedur¢s, we considered the opportunities and incentives that may exist within the charity for fraud and identified the greatest potential for fraud in revenue recognition. In common with all audits under ISAS (UK). we are also required to perfomi specific procedures to respond to the risk of management ov¢rrid¢. We also obtained an understanding of the legal and regulatory frameworks that ihe Charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the deterniination of material amounls and disclosures in the financial stat¢ments. The key laws and regulations we considered in this context included Charity legislation applicable to Northern Ireland, Charity's governing document and local tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direcl effecl on the financial statements but compliance with which may be fundamental to the Charity's ability to operate or to avoid a material penalty.
Page 10 LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY (continued) YEAR ENDED 31 DECEMBER 2023 Audlt response to rlsks Identlfied Our procedures to respond to risks identified include the following: Reviewing the financial statements disclosures and testing to supporting documentation lo assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements. Enquiring of marMgem¢nt concerning actual and potential litigation and claims; Performing analytical procedures to identify any unusual or unexpected relationships that may indicat¢ risk of material misstatements due lo fraud" Reading minutes of mcclings of those charged with governanee and reviewing correspondence with tax authorities. and In addressing the risk of fraud through management override of controls, tesling the appropriat¢n¢ss of journal entries and other adjustments including ihos¢ relating to revenue recognition; assessing wheiher the judgements made in making accounling estimates are indicative of potential bias; and evaluating the rationale of any significant transactions that are large, unusual or outside the notmal Cour of th¢ charity's activities. We also Communicated relevant identified laws and regulations and potential fraud risks to all engagement teams members and remained alert lo any indications of fraud or non-compliance with laws and regulations throughout the audil. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material mi55tat¢ment in the financial statemenls even though we have properly planned and perfornied our audit in accordance with auditing standards. In addition, as with any audit, Ihere remains a higher risk of non-detection of irregularities, as they may involve collusion, forgery, intentional omis5i0ns, misrepresentalions, or ihe override of inlernal controls. We are not responsible for preventing nonvcompliance and cannot be expected to detect non-compliance with all laws and regulations. A rther description of our responsibilities is available on the Financial Reporting Council's website at htt :Ilwww.frc.or .uklauditorsres onsibilities. This description fornis part of our auditor's report.
Pago11 LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY (continued) YEAR ENDED 31 DECEMBER 2023 Use of our report This report is made solely to the charitabl¢ Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Aet 2006. Our audit work has been undertaken so thal we might state to the charitable company's members ihose matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law. we do not accept or assum¢ responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we have fonned. Nlgel Moo A (Senior Statutory Auditor) for and on behalf of GMCG Belfast Chartered Accountants Stitutory Auditor Chartered Accountants & Statutory Audilor Alfred House 19 Alfred Stre Belfast BT2 8EQ Dated: Tr '6- ?é%-