INDEPENDENT AUDITOR'S REPORT to the Members of IncredABLE Enterprises {A company lImed by guardntee. not having a share prtar) Report on the audlt of the finan¢ial statements Oplnlon We have audited the charity financial ststements of IncreWLE Enterprises {'the charity'} for the financial year ended 31 March 2024 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Accounll, the Balance Sheet. the Ststemenl of Cash Ftows and notes to the financial slatemenls, including the summary of significant accounting policies sel out in note 2. The financial reporttng framework that has been applied in their preparab.on is applicable law and United Kingdom Accounting Standards. including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard and Accounting and Reporting by Charities= Ststement of Recommended Practice applicable to charities preparing thelr accounts in accordan with FRS 102. In our opinion, when reporling in acrdanCe 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 2024 and of its SUTplus for the financial year then ended., have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies knt 2006 and the Charities Act {Northern Ireland} 2008. Basis for opinion We ¢onducled our audit in accordan with International Standards on Auditing {UIQ IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial ststemenls section of our reporL We are independent of the eharity in ardan wtth elhical requirements that are relevant to our audit of the financial statements in the UK. induding the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilits'es in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to wovide a basis for our opinion. Conclusions relating to golng concem In audity'ng the financial statements. we have conduded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfoned. we have not identified any rnaterral uncertainties relating to events or conditions that. individually or collectively, may cast signtficant doubt on the charity's ability lo Continue as a going concern for a period of at teast iwelve months from the date when the financial ststements are authorised for issue. Our respon5ibililies and the responsibiliknes of the trustees with respect to going concern are described in the relevant sections of this report Other Information The other information comprises the information induded in the annual report other than the finan¢ial stslements and our Auditors Report thereon. The trustees are responsible for the other infomialion contsined within the annual report. Our opinion on the financial ststements does not Cover the other inforniab'on and, except to the extent otherwise explicitly slated in our report, we do not express any fomi of assuran condusion thereon. Our responsibility is to read the other infomiation and, in doing so. consider whether the other infonnalion is materialty ineonsislent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears lo be materially misstated. If we identrfy such material inconsistencies or apparent material misstatements, we are required to detem)ine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfonned. we conelude that there is a material misstatement of this other information. we are required to report that facl. We have nothing to report in this regard. Opinion on other matter prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the aLKlit the infomiation given in the Trustees, Annual Report for the finanual year for whi¢h the ffnanaal slalements are prepared is eonsistent with the financial slalements,. and the Trustees, Annual Report has been prepared in accordan Wbth applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of IncredABLE Enterprises IA Company limit by guarnntee. not havrng a shar• capl¢al) Matters on which we are required to report by exception In the light of our knowledge and understanding of the chanty and its environment obtained in the course of the audit, we have not identified material mi5slaternents in the Trustees, Annual Repo We have nothing to report in resi*cl of the followirwJ matter5 where the Companies Act 2006 requires us to report lo you rf, in our opinion.. adequate accounting records have not been kept.. or the financial ststemenls are not in agreement with the accounting records and retums". c ertain disclosures of trustees, remunefation specffied by law are not made.. or the trustees were not entitted to Prepa the financial statements in accordan with the small companies regime and take advantage of the small eompanies. exemption in preparing the Trustees, Annual Report Responsibilities of trustees for the financlal statements As explained more fvlly in the Statement of Trustees, Responsibililies set out on page 6. the trustee5 are responsible for the preparation of the frnancial ststements and for being satisfied that they give a true and fair view, and for such internal control as they detemiine is neeessary lo enable the preparation of finanaal statements that are free from material misstalemenl. whether due to fraud or error. In preparing the finan¢ial staternents. the trustees a responsible for assessing the charity's abilty lo continue as a going COnrn, disclosing. as applicable. matters related lo going concem and using the going concem basis of accounting unles5 rnanagement either intends to liquidate the tharity or to cease operations, or has no realistic allemalive but to do so. Audltorfs responsibilities for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the ffinancial stalernents as a whole are free from malefial 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 IUKI will aayS delect a material misstatement when rt exists. Misslalements can arise from fraud or error and are considered malertal rf. individually or in the aggregate. they could reasonably be expe¢ted to influence the economic decisions of users taken on the basts of these financial statements. IrTegularilres, induding fraud. a instances of non-complian with laws and regulations. We design procedures in line with our responsibilities. outlined above. to dele¢l material misslalements in respect of irregularits'es. including fraud. The extent to which our procedures are capable of detecting irregularib"es. induding fraud is detailed below. There is an inherent difficulty in delecling irregularities during audit. However the effectiveness of entity's controls. the nature and extent of audit procedures perfomied. gNes us confidence in detecting irregularities. Further Infomiation regarding the scope of our responslbilltles as audTtor As part of an audit in accordance wrth ISAS IUKI, we exercise professional jud9emenl and maintain professional scepticism Ihfoughoul the audit. We also: Identify and assess the ri=ks of matcrial MisstatOnt of thc financtal statements. whether due to fraud or error. design and perfom audit procedures responsNe lo those risks. and obtsin audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a m?lerial misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion. forgery. intentional omissions, MIsrepSenlatiOns. or the override of intemal control. Obtain an understsnding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the Circumstan$. but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting poltcies used and the reasonabteness of accounting estimates and related disclosures made by trustees. Conclude on the appropriatene55 of the trustees. use of the going concem basis of accounting and. based on the audll eVIden obtained, whether a material vncertainty exists related to events or conditions that may cast significant doubt on the eharivs ability lo continue as a going concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our Auditorfs Report to the related disclosures in the financial $talements or. rf such disclosures are inadequate. to mfrjify our opinron. Our eonclu5ions are based on the audit evidence obtained up to the dale of our Audito¢s Report Hchvever. fvture events or condttions may cause the charFty lo cease to continue as a going conrn. Evaluate the overall presentation, structure and ¢onlenl of the financial slatemenls. including the disdosures. and whether the finanaal statements represent the undedying transactions and events in a manner that achieves fair presentation.
INDEPENDENT AUDITOR'S REPORT to the Members of IncredABLE Enterprises IA eompany limited by guaran. not having a Share capilall We Communicate with those charged with g¢)vemance Tegarding. 8moThJ other matters, the planned scope and timing of the audit and significant audit findings. incliFding any significant deficientses in intemal control that we identify during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the charity's members, as a body. in aecordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charity's members those matters we are required lo stale to them in an auditorfs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body. for our audit work, for this repor( or for the opinn$ we have fomied. Ruairi agin Seniorstatutory Auditor) for and on alf of DALY PARK COMPANY LTD Chartered Accountants and Registered Audilors 4 Camegie Street Lurgan LountyArmagh B T66 6AS Northem Ireland 10