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2024-03-31-annual-return

KnbToEetherFeif&l dep¢ttdknt ￿d￿or￿. nwbvl t& the, membTh• WE &udfited th. ffitmnciajl gtatemMt& Kith Togttlkn tht y¢ar ¢lld￿l 3ll Mar¢h, 2￿114 wlljth ¢rJmpri8e' th¢ strternE￿ of Financial A¢iiwiliu. the Balance, dlt. Ca81kn Flbw StatemEnl andl trj, ffinanoi4118tsiEments4 inclk]d5n¥ $i¥nifi¢anl accounling pollcie8.The financiali reportin¥ ffr&mework tha¢ Ila8 Ib¢eni appliodi in, th¢ir pr&pllrntioni 18 appllcalble l￿W and Lihited Kingthrni Ac¢ounting Standthl8¥ in¢ludlng Financio R¢poMring StoThduud IIOQ, The Financi￿1 Repowthng Standknrdl applicablt in the UK andl Republic ThT¢lknnd Kin%dthi CJener&Uts A￿ep￿d Acoowiling PITa¢ti¢¢)L opinifJnw financiall sl#t¢rneTrl￿- - give &, lTh¢'aRd vi¢w Of tllt gt& the ¢lthitiblb TrAknllI 21D24 and i inooming ano118ppq&r4knni of ye￿ theni - kni¢be￿, pT¢pornd ini ao¢tyrdknnttwith Unitrd 'ng&mi Gentrnlty A¢o4Df¢dl Aooounting IPkna¢th¢4 - hawo be¢n ithi with wpJiuenThEnts Cornpuniu A4t 2NJ6,.. opmwjn We LwiduLtsJ our with, IhternaliTrn￿I Stttndkrdbs Aud&itin￿ IIIKI (IISkn WK)Il and app1s￿IbIl¥ lkni. OIM Mp0￿1￿1]1i￿ und¢v thr)8¢ $14nd&rd& dthrilbed in the Auditorfa mpon8ibi@ili fov th¢ of iht, ffinanciajl 8taternent& se¢tiD)w of Ive ￿ indkptftdthl of the, ch￿lty in, a¢ofythoe with, th¢ othiu,I t¢quirEments uelèvant to: aud51 of th¢ I￿n0￿clo1,, statcmcnts ini the tnclbdkng th¢ FRC's Ethical Standardl &nd': we Ik&ve ￿1￿lled1 our othLr ¢thiLuI: wupon¥ibilitiip¥ ini accordwice with, dl¢8¢ iments, We Ibelivv¢ that the audSti evidenctt we IkRv¢ obthined itj yuffiLi¢nl andl appvupriate to, pN)vide ai b￿18. for ijpinioni Ihiaudilin% the financi&ll ¥lotrm¢nts, we Ilk&l the of the Diing ¢onE¢rn, b4Bi&of £￿￿nting ini ihe preparnlthDn, of th¢ financillll i&apprnpii&. OAI witJk we h&we'p¢rforniedl we'llov4¢ any m&lkni&ll un¢ertainiie8.relhling roi¢vents, ¢zondition&thaL indiNTid￿ll1l ¢fyllè¢iThwelbé. may ¢a8t SI￿1￿£&nt dk)ubt on tlle Lllttriknble ci)mpany'& ability ro, continue as u going cfync¢rni lknw & p¢nuai at lthi Nid,ve nionth& IITM wlk¢ni th¢ ffinllnoi￿1 3taltmeAr&.ar authoriBedl for, i￿U Hbwever. P)rdfiots 8111 ￿t￿￿e eventsw and sub8QqyEnl ¢V¢llts W )wuI ini OUt￿Me￿ thufi in¢iThn8i8teAt. withi ffaBon8blk at the lime they we￿e Madè,. the ab8¢n¢¢ of w¢fertnce ro,a', malerilll. uncertointy ini this aud5rov'8 v¢port IB not a, ¥uurantee thui ihe Compony will: ¢ontinu¢ in, op¢TRtiDni lJb)7 ￿spOnSIbIlItie￿ und the responsibilities of the tswte¢s with, to,goin%con￿,Illle d&sc, ini dl¢ i&wanl this othuT infigmnationi ctDinpri&e> the infi)pmatiDni incl￿ded, ini annuull rwrt4 OtIIuT than, the ai%county andl aud5tOTr ￿PD￿t thertoni Tlle illustees arek rtspon8iblè for the othEr ÈnfonnutiDn,, opinion oni the accouni db¢&not ¢o¥ev the oth¢w inforni&tioni andl we db, not expreyB any forni, of a8surnncE conclusiDni thereDnL th, ¢onne¢tiDn widl audfit the'accounts4 ￿sponsI1b1}lty isi tfj,Thd, the othev inforni&tion in dbin Gonsidèr whetllllT t1le'odl￿ inthnn&tiDni i&maltriullb iniu)n&i&knl with th¢'aG¢Duntyov our. IlnfywlkdK¢' ISroin￿l ini the'audli or orfleTh¥is¢ app&w& to.lbe nwf¢wiFJlI￿ MI￿S￿ted. knywe idèntify su¢hi mateviv411 in¢on&islEnoie8.or appllrtnt mutEri&l,' misstatements, We'a￿ wequired ro.d¢ltrniine whether rfIe￿ is a. moiEiiall isstatem¢nt in, the accounls ov a, moteri&l': mis'sfatement.. of the other inforniation,. I￿, oni the work we, hRNTe perfomned, w¢ conclkndè is, ai n￿￿m￿l, mi8XtalEment ofjthis other infovm&tion, wo are vequirnll ft), Drt Wi2, Il&v¢'nDthing ro, ropDrt ini thi&vtgaTh&' Page 16,

i our opinionk Ih&8edl oni ini the ¢oun¢' audi¢.. infrornJHtsoni ¥iv¢NI W￿0￿￿) the'd6ff¢toTr' ry. rt pr¢pw¢d fw th¢ owjmpony lknw. for finan¢iall yeau whN¢lkn finanriql i& ¢tyn8iwni with thv fiDunc78l stat¢wJw?tsb andi the th"reclDr&' ith¢lldWwithiTh thi kn, pr¢BsaweoV ini lèga,11 reqUIren￿lis. we'affe, npovl by oxeepth• Wt kn¢ inÈ tht fijllbwing ini v¢lthDnP ltr wlki¢lli the ConnpaniuAot 2￿￿6, ib'you IQ ini opinioAC the Intsm￿nI in tht, finanriall &i#t¢rne￿ I￿ inoomBi&I)2nl in,. aThy r¢spTrxU with th¢ IN81￿, sufficttnt UC¢¢)unitrn¥ have noi beeni kepc or th¢ hnonLiuI ytat¢m¢nts are nol ini &gYeement with, tht ¢Eounlthng w¢ not ￿1ved1 all, the inlorni&lioni andl ¢xplan&lion8 w¢ require our auth Afj ￿pI￿Aned1 more ￿11￿¢ ini th¢ Slbtement lJu&lze8 R&8ponsiBilitiw th¢ IITUSte¢&% wllo, are akn thL DirethTr Irthe charity fi)r the purpo8¢ of ¢ompAny law, are mpDn8ibl¢ ftir th¢ PTE￿￿tiOn, ihe &¢counts andi for bting sati&icdl thai they gi¥e'a Iwue andl faiw view, and fw, such iDIEmul Cont￿1! ay ille committee deterniine is, to,enablè the pryarntioni of aE¢ounts are. free ihTDnw m&tsiHI mithttm¢n¢ wll¢thu dkn¢ fo, fThud th)prepArins the thE,lI￿￿￿ar¢.ryon8lb1&, IknT a8Re98in¥ th¢ ¢haritybalbillity tOFconiinue a& w gTring, ciJn£wn¥. dfisclbsing. app15¢aknlè,. mAtten ￿lared1 to, going conr¢rni undl using the going ¢oncem b&&i8 of ftrbjQ¢ti￿￿,￿￿l￿l5lu1nl Thsonul&lè a88ur&Th¢¢ dlE' ffinDnciull 8tsitmentsa8.ai Wllol&'￿e, thT¢e' fix)nii m&tviull rni88tkÉrmenL wllrt1l￿I dkne ib, fraudl ¢mr, andi aniaudltrjrfb uepDrt thao In¢l￿d&%￿ll piniDni R'¢2ason&lJle assu￿nce. ib,Ui Iligll. level Asbuvantt¢.. Ibut i& not a, guarantee thv4l an. &udit coiidbjcfrdl ini u¢Gordano¢ with 15A8 (IUK)Iwilli alkvays d¢t¢¢l a mar¢￿1￿1 mi&8totenient when: it ¢xi8ts, Mil88lUt¢ments ¢an: ariBe )m, hudl erni￿ andl ¢￿nSIde￿d, mat¢vial 1£ ind1vidknull￿ or in the 8¥g￿gate, they ¢ouldl reasonably Ik ¢xpEthdl roi ind11￿enEr.tht'¢QunOMIB dèoi8ion8,of u&er& tai&eA oni the Iba&j8,of these ￿￿anCIall slatements, Paoe 17

Ikwegulbriti¢9, including Ihudl in8tonoos ot non-compliance with, l&ws&nd: ro¥uLotyDTh& We dkni iTrwlknili¢& im¢lbdlng frnodl exltnl foTrwlli¢hJ ¢tw prn¢¢dbJy¢& n¢apbk'fyf d&t¢otin¥iryewAlknwity￿. fraud i& dttsilh2d Ibtlhw:. We lknw$ and Iro￿1￿ b¢¢xpe¢ted im, kn¢ • m4rid IIIB. 1Fn￿¢1￿I 8fatemYnl¥ ri&k&of matimiall dkne toi fraudl.u&imyour undththdlng olth¢ Mtity, ' indknstyy. vegulkntory enviv¢menl and ijther txf¢rnol lkntorn and inv4uiry with, the,Tm￿S1CL additiwn¥ a88¢83meni procedtw¢& in¢lUd￿. inquiring with, th¢ Trustees a8 tsD, the ¢huni¢i¢s polli&ie$ and, pr￿edhart complian¢e with Iktws and rtylkntitDns and LDveven¢ion and &teotiDni t, ionqyiwing wlk¢thu TDUStee& l&&ve' knowl&de of any &cbJal', yusp¢¢trd non￿OMpli￿ntt with IbMv9 Th28uIkntiDn8 IW allkged fraudl dlt'dkniti¢3 and f¢gall and B0￿d miTrufe&. , d&8CU88ed lknws fa¢torn the nttdroifmiffjl akn amo)Trg Thr ¢h4wity i& subjEol to, lows andl Rgu,lkntion&, diR¢ilts tht th¢, ffinonoiol 8tsknent&cknity an& finon¢ioll Iyrtin¥ l¢gitrJlation. W¢ as8Va&ed', the extent of ¢t)mpl&uno¢ with th¢8¢ Ikws andl llegulalion8 a&, part ofjou p￿¢thr¢S the u¢Jknf¢d ffinonciol statement It￿M￿ incllllth'n¥ ass¢s8ing th¢. financiul, statem¢ni disclb8U￿and apTeeing them ts)I supporting dbcumentation wllcn, ts¢o¢wry. The ¢hwpity is ttty, many lknws,andl uegulhiion8 wlltre the con8equenc¢8 of non￿MplI￿n¢t ¢oulb Il&ve & mDteriDiI efft￿ on amounts or diuclthur&8 ini tlle financial, ststements, foTr in8tance through the impo8ition of l&ii¥ationi We idèntifi￿￿ Ilke fi)Ilowin8 auca8 as th08¢ n108t ￿'￿e1￿( b), ]h&¥e sudl, w effert h¢althi ondlsal¢ty. anliwbvibery. emplbymenl I￿￿,.￿wITh)￿mQn￿ll Iknw.. Aud5tin¥ sthndknlB,1Smil rfie niuired. &ud5o pr￿￿ed￿r&S tDI idtntify nonbcompllunce with, these non45recl lknws, andi v¢gulhtion8 to, inquiry oifthe TLrnStees andi inEgp¢Ltioni off r¢wilatory and lyll any. Tlh limittdi pr0cttdl￿ dSdi idkntify acthull or, suypectsd nonp complianc¢'. WE. a￿￿¢56¢dI ¢v¢ntro￿ condEtiDn8. thut inthcate ani inccThtiN¢' pr¢s6Ure'ty￿)Qo￿mI1 prnyidè. ani opportbnity ro ¢tJmmii hudl As Miyired by aud&tiny slandknrd14, w¢ p¢rfomiedl proeedknrtg adlknB. Ille ￿lBk IT Enanug¢menl o¥erridè ¢(tyntrols. 01) this audSt w¢ doi noi Lb¢l&¢ve th¢￿¢ i8.&1 fiHud. risk wdkt¢dl rt¢D￿lthDnL We'didl id¢nitify any adllitiDnAII hudl risk thirwDn8e'ibTrrrith of'fruudl w¢'al&o'pevfi)nlledipw￿￿￿rO intlbJd5ng. idkntifynwJDuwnallentrie&tsJ,k￿ ba&edl I￿, ¢￿it￿l￿1 andl ¢ompaving thE idèlltiff￿l1 entriLg,tbi SUPPOrting dknoumonlUtibJnQ e¥alu&ting the I￿￿1n& PUVP08e signifirant unu&uull thEn8aclionMi a88wing a¢oounlin￿¢SknMal￿tkn￿ lh.￿% anda88¢38in the disclbsum ini the ffiAanciaL' slktemcn Olvin&foithE inll¢Mii l&milUtiDn8.of ani audfit, theR i&ani unaMoidknblk'ri$k w¢ may IlaN¥e dète¢ftdl som¢ motoDillll mis8tat¢mEnlS. ini the ffnoncial sta￿ments, t¥eni thDugll we prop¢vl plknned! and, perfonnedi ou audlt ini ac¢orthnce withi audltonw stand&nJ&, &umple, th¢ fiJrtA¢r r¢mDv¢dl non- ¢ompliance witll l￿wS andl r¢¥ulkntiwns,{'iryeguluvIti￿)' 1$ fv()m,. dle events undi tr￿ng￿L￿tO￿n8. r¢ffle¢ted! in. the fin&nci&l sthtements,. th¢ l¢ss like1￿ tlhe inlhetentlts l&inithdl pvwiedbjrtrsN￿qV1red, by audSting sMId￿rd& wtguldl idtntify IL. Page 1,8

IhiadklRtiDn', a&, withi any audfc thoTe iemain8 a, Iligl&¢r risk 0fn0n￿￿t¢cts￿llI ¢Jfiruwilaritii 4 a& muy invol￿£ int¢ntional', Qmi8L4ion4 misrcpwesentations, the'¢DvenTith of infrn?aJl Control￿ We ￿￿n￿l￿1￿, Ibw preventin¥ nonFcompliuno¢ andl cannot b¢ exp¢ctd' tr) d¢f¢ol Th0n￿- compltance withi aj A d¢8oriptiw ol wponsllbillli￿ of thea¢oount& i& IkJ¢at¢d tht, FinanEiaQl Council:& wthit¢aL-. l&typrilwwwthT¢.sYJr&JthJaudknD r¢syon8ilbilllir& 1knrn￿. path of Tkn p¥ryMe ol audh wovk toi our Wry￿￿￿1￿111tks This r¢port solely tsD, the dnritsble ¢Dmpuny'3 rnenuben. )1& & l￿d￿, in &ccTrrdknc¢ wi'thi Ch&ptev 3; of Pknl 16, olTthe Cornpanit&.A£t 21106. aud%t work ￿fj& Ib¢￿ unden&keni80 that w¢ slate th ¢lkuitsblk' ¢ornphny'b, mEnrylben mRttaB we ryittd, to, slat¢ to, t¢mi in an auditJrrs' report andl nnTr purw. To, tht ffi]llk￿ extenl pernThithdl Iby lknx. wettoi nol att¢pi RsponailbilMty other thoni the dloritalbllr Qompany andl the ¢harIiabl&¢oaTrp8n￿kn mtmlb¢¥&a8.& Ib¢D. audoi iknT IIIi& lkn the opiniDllS, we Ilaiue knm¢dL Rkh•Yd Ilfechy FCA Isentorstatthry Athrj F•r *nd oni behalf ol NtCr¢ery Tuikinzthtt StOCkn￿ LTD l Labyo• (hwj BELFAST. FIXG MTS (Dec 23, 2024 17..18 GMT), Pkge 119