Independent Auditor’s Report

To the Members of Northwind Co-operative

Opinion

We have audited the financial statements of Northwind Co-operative (the “Co-operative”), which comprise the statement of financial position as at December 31, 2025, and the statements of operations, changes in net assets, and cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Co-operative as at December 31, 2025, and its financial performance and its cash flows for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations.

Basis for opinion

We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities section of our report. We are independent of the Co-operative and have fulfilled our other ethical responsibilities in accordance with the relevant ethical requirements applicable to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.