Leaf¥4ir Commvnity Assoei2tRon Ltd
(A compan). limited by guarantee}
Independen¢ auditor'5 report lo the directors of Ix4fair Community AssociatioD Ltd
Opinion
We have audited th¢ financial statements of Leafair Community Association Ltd for the year ended 31 March
2024 which comprise th¢ Staiement of Financial A¢livitie8 Ihe Balance Sheet, the Cashfloiv Ststement and the
relaled noles. Th¢ financial reporting frdm¢work that has been applied in their preparntion is applicable law
and United Kingdom Accounling Standards (United Kingdoin Genetally Accepted Accounting Praciice)
including FRS 102 "The Financial Reporting &andard applicabl¢ in the UK and R¢public of Iteland".
This report is made sokly to the chariL2ble company's director% a b￿ly. in accordance with Chapter 3 of Part
16 of th¢ Companies Act 2006. Our audit work has been undertaken so that we might state to th¢ Charithble
companys directors those matteT5 we are required to 5ta¢¢ lo them in an auditorfs report and for no other
purpose. To the fullest ¢xlent pern]itted by laiv. we do noi accept or assume responsibility to anyone other than
Ihe charitsble company and the charitsble compan￿$ directors Ls a body. for our audit worl for this report. or
for the opinion5 we have fonncd.
In our opinion the financial slatements:
- give a tru¢ and fair view of the stste of the charitabk ￿pan￿S as at 31 MaKh 2024, and of its
incoming resources and eX￿ndItUre of resources. including its income and expenditur¢, for the year then
- have been properly prepar¢d in accordance with unit￿ Kingdom G¢nerally Acceptcd Ac￿UntIng Prdctic¢'
- have been prepared in accordance w'ith the requiffments of thc Companies Act 2006.
Basls for opinion
We condu¢led our audit in accordance wilh Enlernational Standards on Auditing (UK) (ISAS (UK)) and
applicable laiv. Our responsibilities under those standards are further descril￿ in Ihe Auditoffs responsibilities
for the audit of the financial ststemenls seclion of our report. We are independent of the charitable company in
accordance wilh the cthical r¢quirem¢nts thal are relevant lo our audil of the fInancial statements in the UK.
including the FRC'S Ethical Slandard, and we hav¢ fulfilled our other ethical responsibilities in accordance
Ivith these Icquirements. We believe that the audit evidence we have obtsined is sulTicient and appropriate to
provide a basis for our opinion.
Conclusions relaling to going ¢oneern
In auditing ihe financial Statemen￿ Ive have concluded that the directors, use of the going conccrn basis of
accounling in th¢ preparation of the financial stalements is appropriate.
Based on the work we have performed, we have not idenlified any material uncertaintics relating to events or
condltions thaL indtvidually or colleclively, may cast significant doubi on the charitable company's ability to
contTrnue ￿ a going concern for a period of at least Iwclve Jnonths from when the financial stalcrncnts are
auth0ri5ed for issue.
Our ￿sponSibl11t1eS and the ￿SponSibl11t1eS of the dire¢tots with respect to going concern are described in the
relevant sections of this rcport.
Page 5

rair Community A5sociatioD Lld
(A eompauy limited by guarallts￿)
Otber information
The dirtttors are ￿$￿)nSIble for the other infornialion. The other inforniation comprises the infornation
included in the directOTS' annual repo¢ other than the financial statements and our auditofs report thereon.
Our opinion on the financial stalements does not cover other information and. exccpl to the exlent otherwise
explicitly stat¢d in our reporL we do nol expr￿ any forni of assurance conclusion I￿r¢on.
In connectiOTt with our audit of (he financial ststements, our responsibility is to read the othcr inftjrniation and,
in doing so, consider whether the other infonnation is matrrially inconsisfrnt with the financial ststements or
our knowledge obtained in the audit or otherwise appears lo be malerially misstalcd. If we identify such
material inconsiste￿leS or apparent matcriaj misstatements we arc required ro deterniinc wheiher there is a
material misstatcment in the financial siatements or a material misstatcment of Ihe other inforniation. If. b&s¢d
on the work we have performed, we conclude thai there is a maierial misstal¢ment of (his other infonnation, we
are requiTed to report that fact.
W¢ have nothing to report in this regard
OpiDiou OD other matters prescribed by the CompAnies Act 2006
In our opinion based on the work undertaken in the course of audit:
- the information given in the DirecioT5' Annual Rep)rt for the financial year for which the financial statements
are prepared is consistent with the financial Slaten*n￿ and
- th¢ Diredors Annual Report has becn prepa￿d in accordance with applicable legal requirem¢nts.
Matters ou which we are required to report by exception
In ih¢ light of our knowledge and und¢rstanding of ihe Ch￿l￿ble ￿MpanY and its erlvironment obtained in the
course of thc audi( we have not idcntified material misstatements in the Directots Annual Rcport.
We have nothing to report in respect of the following mattcts where ihe Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting r¢cords have nol been kcpr. or
- the fjnancial statemenls are nol in agreement with the accounting records and returns: or
- certain disclosures of directors. remun¢raiion specified by law are not madc. or
- Ive hav¢ not received all the inforniation and explanation5 we requi￿ for our audi¢ or
the directors were not entitled to prepare the financial statements in accordance with the small companies
regime and Éake advanLige of th¢ small companies exemption from the requirement to prepare a stralegic
report.
Responsibilities of the dlrnttor5
As ¢xplain¢d mor¢ fully in tl)e Directors, Responsibilities Statement set out on pag¢ 4, Ihe directors (who are
also the directors of the charitabk ￿MpanY for the purposes of company law) are responsibl¢ for the
preparntion of the financial sla*ments and for being satisfied that they give a true and fair view, and for such
inlern&l control a5 the directors deterniinc is necessary to enable the preparation of financial ststements that are
free froin material misslatcmenL whether du¢ to fraud or error.
In preparing the financial sL1teMen￿ the dircclors are reskxmsible for assessing the charitsble companVs ability
to continue &s a going concern. disclosin& as applicable, matters related to golng concern and using the going
concern b&sis of accounting unless Ihe directors either intend to liquidat¢ the charitable company or to cease
operation& or havc no reatisti¢ altcrnativc but to do so.
Page 6

Leafair Community Association Ltd
(A company limiled by zuarantee)
Audllor'5 responsibilities for the audlt of the financial s¢at¢meits
Our objectives are to obtain rwonable assurancc about whdhcr the financial statements as a whole arc free
from fftatcrial misslatemenl wheiher duc lo fraud or error. and to i&sue an auditoes report Ihat includes our
opinion. Reasonable assurance is a high level of assurdnce, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a malerial misslaternent when it exists. Misstat¢ments can arise
froin fraud or error and are considcred material if. individually or in die aggregalc, Ihey could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial stat¢ments.
Explanation as to what extcDI the audlt was considered eapable of deleetinE irregulgrities iD¢luding
fraud:
Irregulariti¢s including frnud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above. lo detect material misslatemEnts in Tf5pe¢t of
irregularitic8 including fraud. However. the primary responsibility for the prevention and detection of fraud
lies with manag¢mcnL and tlie board of directo￿ of the charitable coInpany.
Identifying and assessing potential risks related to irregulariti
In identifying and assessing risks of material misstatement in r¢S￿t of irregularitie& including fraud and
non-compliance with laws and regulations. we Considered the followAng:
- the naturc of the industry. sector and the specific control cnvironmenl which il 0￿rateS in:
- the charilies own as5cssment of ih¢ risks that irregula(ities n￿Y ￿CUr. either as a result of fraud or error,
repr¢s¢ntations and results from our enquiries wilh management and the board of directors regarding their
own idenlificalion and assessment of the risks of irregularities:
enquiries of managemcnt relating to accounting estimates meLsuttments. recognilion criieria and justification
of such amounts.
any marters we have identified having obtained and ￿vieW¢d th¢ Charities policies and pror￿ureS relating
* identifying and Isscssing if laws and regulaiions are compliant and whether they are aware of any instanc
of non-compliance.
* deieclion and response to the risk of fraud and whether they are aware of any actual. su5pecfrd or alleged
fraud instanc¢s'
* ih¢ intemal controls designed to mitigate risks or fraud or non-compliance with laws and r¢gu]ations, and io
minimise risk of manageineni overrides of such cont￿15.
- all matters diKussed among the audit engagement leam regarding how and where fraud could occur and the
potential indiulors offraud.
As a result of ihese procedures, we considered the opportunities and incentives that may exi51 within the charity
for fraud. The audit included &ssessing the procedures and evaluating the M￿UreMellt of cstimations. In
common with all audits under ISAS (UK). we are also required to perforn) specific proccdurcs to respond to ihe
risk of manag¢ment ovcrTtd¢.
We also obtained an und¢rstanding of the legal and regulaiory fram¢works applicable to the ch￿lty and
considered that the most Slgtiificant are the Companic5 Act 2006. SORP 2019 (FRS 102) and Cliarities Act
(Northem Irclatid) 2008.
Audit ￿Ponse5 to risks identified
Our PTo¢edures lo res￿ild to risks identified in¢ludcd the foLlowin
PaE¢ 7

Legfair Community Assotiatioll Ltd
(A company limited by guaralltee)
reviewing the financial stslcment disclosurw testing the relevant documentation to assess compliance with
Ilie signif￿an1 laivs and regulaliorLS - those described as having a direct effect on the financial stat¢ments"
- cnquiring Nvith rnanagcment and obtaining third party eonfimiation from th¢ Charilies Solicilors regarding any
actual or potential litigation and Claims:
perforn)ing analyiical procedures to identify any unusual or unexpected telationships thar may indicale risks
of mat¢rial misstatement due to fraud.
reading minutes of board and management meeiing% examine fotec&sling material in line witli actual
perfonnanc¢, idcntifying any poi¢ntAal fraud indicators or instances;
reviewing Companies House and Charity Commission Northern Ireland corrcsponden¢e, identify any late
submissions or omissions of mandatory information:
- review correspondence with HMRC, identifying non compliance of sp￿lfIC inforniation to be dis¢losed.
in 8ddr¢ssing the risk of fraud through manageinent override of contro15. testing the appropriateness of data
¢ntries and adjusiments. &wssing wheth¢r the judgements made in making a¢¢ounting estimat¢s are indicativ¢
of a potential bias: and evaluating the rationale of any significant transactions that are unusual or outside th¢
normal course of the Charities objKtivcs.
We also ¢ommunicaied relevant identificd laws and regulations and pot¢niial fraud Tisks to all engagement
am mcrnbers and remained alert to any indicalions of fraud 01 noncompliance with law5 and regulations
throughout ilie audiL
As part of an audit in accordance witji ISAS (UK). we exercise professional judgment and maintain
profcssional scepticism ihroughoui ihe audit. We also:
Identify and &%scs5 the risks of material misstatement of the f￿anCIal 5tatemenls, whether due to fraud or
error, design and p¢rforn) audit procedures r¢sponsii'e to ihose risks, and obtain audit evidencc thal is sutTicient
and approprial¢ to provide a basis for our opinion. The risk of not det¢cting a material misslatem¢nl ￿5vIling
from fraud is higher than for one rcsulting from error, fraud may involve Collusio￿ forgery. inlentional
omission% misTepr¢sentation4 or th¢ override of intemal control.
Obtain an understanding of intemal control rel¢vant to ihe audit in order to design audit procedures that are
appropriate in Ilie circumstanc4 but not for the purwse of expressing an opinion on the effcctivelless of the
charitablc compan￿3 internal control.
Evaluate th¢ appropriaiencss ofaccounting polici¢5 used and the reasonableness of accounting estimales and
related disclosurcs made by the directors.
- Conclud¢ on lh¢ appropriateness of the directors. use of the going wncern basis of accounling and. b&%ed on
tli¢ audit evidence obtained, Ivh¢ll)¢r a material uncenainty exists related to events or conditions that may c&st
significant doubt on the £liaritsble coinpanys ability lo continue &5 a going concern. If we conclude that a
malerial unc¢rtainty ¢xist4 w¢ are rcquir¢d to draw attention in our auditovs report to the related disclosures in
the financial statements or. if such disclosures ar¢ inadequate. lo modify our opinion. Our Concl￿810nS are
based on ihe audit evid¢nce Obtain￿ up to the dat¢ of ihe auditofs reporL However, fu￿re evcnts or
conditions may cause the charilable rofftpany io cease io coniinue as a going concern.
-Evaluate the overall pr￿ntatiOn. struclur¢ and ¢ont¢nt of th¢ financial ￿ate1￿Cnts. including the disclosures,
and whclher the financlal statements represent the undcTlying transactions and ev¢nts in a Inanner that achieves
fair pres¢ntation.
Page 8

IAfair Community Assoclgtlon IAd
(A ¢ompaDy limited by guarantee)
We communicate with those Gharged with governance regardin& among other matters, the planned scope and
timing of the audit and significant audit findins including any significant defici¢nci¢s in internal control that
we identify during our audit.
Patrick McGroarty
Senior Statutory Auditor
For and on behalf of
McGroarty Mecaffcrty & Compauy
Statutory Auditor
2 Carlisle Terrace
Derry
BT48 6JX
Date: 2 July 2024
P4Ke 9