Ulster Rugby Annual Report 2015 - 2016

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE IRISH RUGBY FOOTBALL UNION (ULSTER BRANCH) We have audited the non-statutory financial statements of the Irish Rugby Football Union (Ulster Branch) for the year ended 30 April 2016 which comprise the Income and Expenditure account, Balance Sheet, Cash Flow Statement and the related notes 1 to 14. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. This report is made solely for the exclusive use of the Members and solely for the purpose of allowing them to discharge their responsibilities under the Branch’s constitution. Our report is not to be used for any other purpose, recited or referred to in any document, copied or made available (in whole or in part) to any other person without prior written express consent. We accept no duty, responsibility or liability to any other party in connection with the report or this engagement. Respective responsibilities of the Management Committee and auditor The Management Committee is responsible for preparing the financial statements in accordance with the Branch’s constitution and for being satisfied that they give a true and fair view. The Branch’s constitution requires the Management Committee to prepare financial statements for each financial year. Under the constitution the Management Committee has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. In preparing these financial statements, the Management Committee is required to: — — select suitable accounting policies and then apply them consistently; — — make judgments and accounting estimates that are reasonable and prudent; and — — prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Branch will continue in business. The Management Committee is responsible for keeping adequate accounting records that are sufficient to show and explain the Branch’s transactions and disclose with reasonable accuracy at any time the financial position of the Branch. They are also responsible for safeguarding the assets of the Branch and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Our responsibility is to audit and express an opinion on the financial statements in accordance with International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors Scope of the audit of the financial statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the Branch’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the Management Committee; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the annual report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. Opinion on financial statements In our opinion the financial statements: — — give a true and fair view of the state of the Branch’s affairs as at 30 April 2016 and of its profit for the year then ended; and — — have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice 32

Deloitte (NI) Limited Chartered Accountants Belfast, United Kingdom Date: 1st June 2016

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