INDEPENDENT AUDITOR'S REPORT to the Members of IncredABLE Enterprises {A company limitsd by guarantee. not havlng a Sharp Gapital) Report on the audit of the financial statements Opinion We have audited the charity financial slatemenls of IncredABLE Enterprises Clhe charity,) for the financial year ended 31 March 2023 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account). the Balan Sheet. the Statement of Cash Flows and notes lo the financial statements, including the summary of signtficant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 he Financial Reporting Standard applicable in the UK and Republic of Ireland". applying Section 1A of that Standard and Accounting and Reporting by Chartties". Statement of Recommended Practice applicable to charities prepanng their accounts in accordance with FRS 102. In our opinion. when reporting in accordance with a fair presentation framework the financial statements.. give a true and fair view of the stste of the charity's affairs as at 31 March 2023 and of its deficit for the financial year then ended.. have been propedy prepared in accordance with Unrted Kingdom Generally Accepted Arxounting practi,. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act (Norlhern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Audrting (UK) {ISAs {UK)) and applicable law. Our responsibilities under those slandards are further described in Ihe Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in a(xordance with these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relaling to events or conditions that. individually or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a period of at least e1ve months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are descrtbed in the relevant sections of this report. Other Infomiation The other infomation comprises the information induded in the annual report other than the financial statements and our Auditovs Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in Ihe course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies 01 apparent material misstatements. we are required to delennine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfomed. we condude that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companies Act 21X)6 In our opinion, based on the Vrk undertaken in the course of the audit the information given in the Trustees. Annual Report for the financial year for which the financial statements are prepared is consistent wrth the financial statements.. and the Trustees. Annual Report has been prepared in acCOrdar with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of IncredABLE Enterprises (A company limited by guarantee. not having a share Gapitall Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatemerrts in the Trustees. Annual Report. We have nothing to report in respect of the following matters where the Cornpanies Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept., or the finanaal statements are not in agreement wrth the aUnting records and retums; or certain disclosures of trustees, remuneration spectfied by law are not made.. or we have not rec£wed all the informati¢)n arnl exklanations we require for our audit: or the trustees were nol entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exempts'on in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial ststements As explained more fully in the Statement of Trustees, Responsibilities set out on page 5. the tnjstees are responsible for the preparation of the financial statements and for being satisfied that they grve a true and fair view. and for such internal control as they determine is necessary to enable the preparation of finanaal statements that are free from malprial mi.q%t2tp.mp.nt, whp.thp.r dile to fraiid or prror In preparing the financial statements. the trustees are responsible for assessing the charity's abilty to continue as a going conrn. disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless management either intends to liquidate the chanty or to cease operations. or has no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an Auditorfs Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee 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 lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities. induding fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below.. There is an inherent difficulty in detecting irregularities during audit. However the effectiveness of entity's controls, the nature and extent of audit procedures performed. geS us confldence In ¢etecllng Irregulantles. Further infonnation regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS (UK). we exeruse professional judgement and maintain professional scepticistn throughout Ihe audit. We also: Identify and assess the risks of material misstatement of the finanual statements. whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may invofve collusion. forgery, intentional omissions, misrepresentations. or the override of internal control. Obtain an understanding of intemal control relevanl to the audit in order to design audrt procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control. Evaluate the appropriateness of a¢xounting policies used and the reasonableness of accounting estimates and related disdosures made by trustees. Conclude on the appropriateness of the trustees, use of the going conrn basis of accounting and, based on the audit evidence obtained. whether a material UnrtaInty exists related to events or conditions that may casl significant doubt on the charty's abilty to continue as a going concem. If we condude that a material uncertainty exists, we are required to draw attention in our Auditorfs Report to the related disclosures in the financial statemenls or. if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditorfs Report. However. future events or conditions may cause the chartty to cease to continue as a going concem. Evaluate the overall presentation. structure and ntent of the financial ststements, including the disclosures. and whether Ihe finanal statements represent the underf5llng transactions and events in a manner Ihat achieves fair presentation.
INDEPENDENT AUDITOR'S REPORT to the Members of IncredABLE Enterprises IA company limtted by guarantee. not having a share capttsii We communicate with those charged with govemance regarding. among other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identity during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the charity's members, as a body. in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charity's members those matters we are required to state to them in an aUdit0S report and for no other purpose. To the fullest extent permitted by law, we do not accept 01 assume re5ponsibilty to anyone other than the chartty and the charity's members as a body. for our audit work. for this report. or for the opinions vle have fonned. Ruairi Maginn (S ior Statutory Auditor) for and on behalf of DALY PARK & COMPANY LTD Chartered Accountants and Registered Auditors 4 Camegie Street Lurgan County Amiagh BT66 6AS Northem Ireland 111h December 2023 10