Report of the Independent Auditors to the Members of St Patrick Visitor Centre Limited Opinion We have audited the fmancial statements of St Patrick Visitor Centre Limited (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow Statement and notes to the fanCIal statements, including a summary of SIlficant accounting policies. The fanCIal reporttng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with ihe requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordanc¢ with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty relating to going concern In auditing the fmancial statements. we have Concluded that the trustees, use of the going concern basis of accounting in the PrepatIon of the fmancial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the fmancial statements ale authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other infonnation. The other inforniation comprises the information included in the Annual Report, other than the fmancial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inforn)ation and, except to the extent otherwise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. In connection with our audit of the fancial statements, our responsibility IS to read the other inforniation and, in doing so, consider whether the other infonnation is materially inconsistent with the f]nancial statements or our knowledge obtained ITh the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detennine whether this gives rise to a material misstatem¢nt in the fll)an¢ial statements themselves. If. based on the work we have perfornied, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Aet 2006 In ow opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the fmancial year for which the financial statements are prepared is consistent with the financial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Report of the Independent Auditors to the Members of St Patrick Visitor Centre Limited Matters on which we are required to report by exception In the light of the knowledge and understanding of the charltable company and its environment obtained in the course of the audit, we have not identified material misstatement5 in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the fmancial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law aTe not made; or we have not received all the inforniation and explanations we require for our audit. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Tnjstees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the fmancial statements and for being satisfied that they give a true and fair view, and for such internal control as the trnstees deterniine is necessary to enable the preparation of fmancial statements that are free from material misstatement, whether due to fraud or eOr. In preparing the ftnancial statements, the trustees ale responsible for assessing the charitable company's ability io continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Report of the Independent Auditors to the Members of St Patrick Visitor Centre Limited Our 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 a Report of the Independent Auditors 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 to influence the ¢conomic decisions of users taken on the basis of these fmancial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Irregularities, including fraud, ale instances of non-compliance with laws and regulations. We design procedures in lille with our responsibilities, outlined above, to detect material misstatements in respect of iLTegularities, including fraud. The extent to which our procedures are capable of detecting iTregularities, including fraud is detailed below. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement pariner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our knowledge and experience of the sector the company operates within- we focused on specific laws and regulations which we considered may have a direct material effect on the fmancial statements or the opeiations of the company; we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's fu)ancial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. and considering the intemal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of contro15, we: perfonned analytical procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions. assessed whether judgements and assumptions made in detennining the accounting estimates set out in the notes were indicative of potential bias. and investigated the rationale behind significant or unusual transactions. In response to the risk of iegUlar1t1es and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing fmanctal statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance; enquiring of management as to actual and potential litigation and claims. and reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations aTe from fll]ancial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Report of the Independent Auditors to the Members of St Patrick Visitor Centre Livnited MaterÈal misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the fmancial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description fornis part of our Report of the Independent Auditors. Use ofour report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those mattels we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have fomed. Mr Malach for and on eha Chartered Ac untants Statutory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS Grady CA(S fof M.B.Mc G ior atutory Auditor) I l November 2024