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Independent Auditor's Report <br />To the Board of Directors and Management <br />Charles House Association <br />Chapel Hill, North Carolina <br />Opinion <br />We have audited the accompanying financial statements of Charles House Association (the <br />"Organization"),which comprise the statement of financial position as of December 31, 2023,and <br />the related statements of activities and changes in net assets,functional expenses, and cash flows for <br />the year then ended, and the related notes to the financial statements. <br />In our opinion, the financial statements referred to above present fairly,in all material respects,the <br />financial position of Charles House Association as of December 31, 2023,and the changes in its net <br />assets,functional expenses and its cash flows for the year then ended in accordance with accounting <br />principles generally accepted in the United States of America. <br />Basis for Opinion <br />We conducted our audit in accordance with auditing standards generally accepted in the United <br />States of America.Our responsibilities under those standards are further described in the Auditor's <br />Responsibilities for the Audit of Financial Statements section of our report.We are required to be <br />independent of Charles House Association and to meet our other ethical responsibilities in <br />accordance with the relevant ethical requirements relating to our audit.We believe the audit <br />evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. <br />Responsibility of Management for the Financial Statements <br />Management is responsible for the preparation and fair presentation of these financial statements in <br />accordance with accounting principles generally accepted in the United States of America;this <br />includes the design,implementation,and maintenance of internal control relevant to the preparation <br />and fair presentation of financial statements that are free from material misstatement,whether due to <br />fraud or error. <br />In preparing the financial statements,management is required to evaluate whether there are <br />conditions or events, considered in the aggregate, that raise substantial doubt about Charles House <br />Association's ability to continue as a going concern within one year after the date the financial <br />statements are available to be issued. <br />Page 1 <br />Docusign Envelope ID: FE6E03E9-3378-4BE8-B2E5-0623619296B7