Ashton Centre Development Limited Independent Auditorfs Report to th8 Members of Ashton Centre Devalopment Limited Year ended 30 November 2021 Oplnlon We havo audited tho finanaal statements ofAslkn Centre Development Urnited (the'charity) for the year ended 30 Novèmber 2021 which compise Ihe ststement of firmncial activiligs. stslemenl of finanaal positton. ststemenl of tssh tknvs ar the related notes. inctudin9 a summary of significant accounting polieies. The finanal rewting framework that has been applled in their prep8ration is applble law and United lfjngdom A¢¢t)untin9 Slandards. induding FRS 102 Tho Finandal Reportin9 Slonda¢d applicable In the UK and Reput4ic of Ireland (United Kirtg Genorally Awted Accounting Procttc81. In our opinion Ihe financral slatemenls: glvo a In arKI lair vi8w of state of Ihe chafivs affalrs 88 at 30 Novembgr 2021 and of Its incoming resources and application of resourc. includir¥J its Èncome and &xpenditur8. for th year then ended: hav8 beèn properfy prepared in acewdanca wilh United lfjrydom Gera1 Ac¢ept8d Ac¢ounting PtiCe. havè l)een prepared in ae¢ord8nce ryth thè requlrements of the Cwrabve and Commun Benefit Soaetios Act (Northem Ireland) 1969 arml The Chaiits (Account and Reports) Regufations {Norlhem Ireland) 2015. 8asls for oplnlon We conducted our audit in accordance with Inlemational Standards on Audn9 {UK) IISAS (UKI) and applicable law. Our r8sponsibilities under those stsrrt1ards are furlher des¢ribed in Ihe audttols r05ponsibilities for the audit of the finanual ststements se¢tlon of our rep) We are independ8nl of Ihg ¢h8rity in accorisancè with th& ethic8J requirements that are relevant to audit of thè financi81 slaleménls in the UK. induding the FRC'S Ethical Stsndard. and w8 hava frJlfill8d our Qthgr ethical responsibiliti05 in accordance with these requirements. We believe that the aurfrt evtdence we have obtained is sufficient and appropriale to provide a basis for our opinion. Concluslons relatlng to golng ¢oncgrn In auditing the financtal statsments. we have con¢hJdèJ that the truste8s' of the golng o)ncem basis of accounting in the pParat ofthe fan081 stalements is appropriate. 8ase(l on the wort¢ wè have perfomied, we have not identifted any material unc8rtainlies relating to events or condithons thaL indlvidually cy)Ilethety. may cast siqnificant doubt on the charivs abllty lo continue as a goirvJ concem for a peritsj of at teast e1ve months from when tho financol slatements arg autlKwised k*r i%su8. Our responsIblti8S and the ra$ponslfth$ of tha trustaas wlth fesp8Ct to n9 ts)ncem are das¢ribed In tha relevant sections of this report.
Ashton Centre Development Limited Independent Auditoffs Report to the Members of Ashton Centre Development Limited (¢onUou•dJ Year ended 30 November 2021 Oth•r Inforn)allon The oth8r infomiatu?n comprises the inf0mtIOn included in the annual report other than the ffinancial slatements and our auditorfs roFort Ihere¢Jn. The trustees are responsible for the other inforniation. Our opinion on the financial statements does not cover th8 other information and. except lo the extent otharwise expl¢otiy staled in our report. w• do not express any fom of assur4n¢e ojnclusson th8r80n. In nectIon with our audil of the financial statsffonts, our responsibility 15 k) read the othor infofmation and. in dolng so. conshler whelher the olher inf0mtion is materially in¢onsi8lenl with the financkal stataments or our knovAedge obtained in th6 audit or otheThvlse appears to be materially misstated. If w8 identify such mat¢ftaJ innSiStenC1eS or appafent Material misslatements. we are required to detgmiing whether there is a material misstslemenl in the finan¢i81 Statements or matorial misstalemenl ol the other Infom110ft. If. based on the work we have perf¢)mwi, w8 condude that thère is a material rnisstalement of this othw informalion. wo are requifed to report that fact. We have nothiNd lo rowt in this re9ard. Mattors on whlch wè arn r•qulr•d to rnport by axeaptlon Under the CLwperative and Community 8en8fit S1tiO$ Act {Northm IrgEand) 1969 wo are required to pOrt lo you rf. in our opinion: - A satisfactory system of control over transactiry has not been maiilained: proper books of account have not been kept.. +X the finanual statement are r1 Èn 8greemenl wlh the axountirKd records: or we havè not receNed all the information and expl8nati¢)ns we requiro for cur audlL We have nothiry k) reptht in this regard. Under the Charitses (A¢¢ounls and Reports) Regulat5 {Northem Ireland) 2015 arè required to report to y¢JJ rf. in our opinion: the infomation given in the Oirect¢Jts' Report is irbconsistent in any materi81 respect sulfi¢ienl accounting records have not been kept.. the financial Ststsments are not in agt•èm¢nl with the ac4xiurttirKJ reetyd$: or we hava not received all the infwnation 8ThJ expknations we require forour aud We have nothing to report in Ihis regud. Responslbllltlos of trust¢os As expjained more fully In the Intstees. responsibilities statement. the trustees are responsible for the prgparalion of th8 finanoal slalements and for beirwJ satisfie(i that they gwe a tnje and fail view, and for such intemal control as the trustees delemine is necessary to enable the weparation of financial gtstamonts that ar8 free from matwial misststemen( whether due h) fraud orerror. In preparing the financial statements. tho trustees are responsible for assgssing thè tharis abS1ty to continu? as a going cone¢m. disclosi. as applicable. matters related to going nCeM and using the ing ¢oncem basis of aco)urttirtg unless the trustees eiiher intend 10 liwdatg the chartty or to cè operatior. or have no reJisti¢ teMatIve but lo do so.
Ashton Centre Development Limited Indepondent Auditorfs Roport to the Members of Ashton Centre Development Limited (WfidndJ Year ended 30 November 2021 Audltofs responslbl1lt1 fortho audlt ofth• finan¢lal stat•mgnts Our objectives aro lo obtsin reasonable 8ssurar¢ce 8bout whether the financial stslements as a whole aro free from material mIsstateml, wh6ther due k fraud cf error, and lo issua an auditorfs report that indudes our opinlon. Reasonabl8 assurance is a hp3h levet of assurance. bul is not 8 guarantge that an audit conductad in accordance with ISAS (UK) will always d8tect a moteri misstatement whon it exi8ts. Misstaiements can arise from fraud or errw and are c¢nsidered material rf. indNidually or in the aggregats, they c¢)ukl reasonably be expethd to ¥ifluwK the economi¢ dectslons of users tsken on the basls of these financlal stslements. Irfegularits. includww fraud. are kn8tanees of norKampli8nce wlh and wulations. We deslgn procedures in line with our responsibilibes, lIned above. lo detect matgrial misstatements in respect of Irregularitigs, bnduithn9 fraud. Tho ext8nt to whith our procedures are cap8ble of deledng rrrewlariues. indudin9 fraud is detailed below." We oblained an understsThfing of the 18gal and regulatory framework applicalX8 10 the Company through enquiry of managemenl industry research and the application of cumulative audit knowledge. We Identified the fotlNin9 principal laws and regulalions relevant lo the Company - Companies Act 2006 and the FinarKial Reporting Standard appIal8 in the UK al Republk of Iretand IFRS 1021. We developed an Undelanding of the key fraud risks to the entity OnCEj[w fraud Mh1 acr). the controls in place lo h8lp mitsgale those risks. and the accounts. balances and disclosures vthin th8 financial statements which may b8 S[ptible to management bias. Our Undending was obtslned through review of the fina11 statsments fot slgnificant accounting estimates. anatysis of journal entries. walkthrough of the key control cydes in place and enquiry of management. A5 part of an audft In acc¥)rdance wth ISAS (UK). we exercise professionJ Judgment and mainlaln professional scgpliasm throughout thg audit We also: Identity and 8s58ss the rtsks of mat6rial misstatement of the fingnclal 8tstoments. %thether dua to fraijd or error, design and pèrform audil procedures resp)nsive to those risks. and obtain audit awdence that is sufficiènt and approprrdte lo prov•d8 a basis for our oplnion. Th? risk of not deteeting a materi¥ rnLsstatgment resultin9 from fraud is higher than for one resulting from error, as fraud may invofve cc41usw)n. forgery. intenlional onNssitins. misr¢presentation5, or tho overrid8 ol inlemal controj. Obtain an under51anding of wJt•mal c&¥thi relevant to the audlt In order to deslgn audll procedures Ihal are appropriate in the ciwmslaniw. bLrt not for the purpose of expressing an ¢pinion on the effectiveness of the internal control. Evaluate the approprra¢gness of acuntIng le1&S used and the fea50nablenes8 of a¢untIng estimal8s and related di%dosures madè ty the Injstees. C¢ncluda on the approprtatsness of trusleas. L8 of the 90ing ojncém basls of accountlng and. based on the audit edertee obtsined. whether a material uncertainty exists related lo events or 0)nd0 that may signnlcant doubt on thg charitys ability to continue 8$ 8 goirig con¢em. If we conclude that a Materi uncertainty exists. we are required to drdw att¢nUon in our auditorfs rewi to the relaied disdosures in the financial statements or, rf svch disclosures are Inadequate. lo modtfy our opinion. Our eonclusions are based on th8 audft evidence obtained up 10 the date of our aurfrtorfs report. Howevw. fuiure events or conditions may $8 the charfty to ceaso lo continue as a gotng cowm.
Ashton Centre Development Limited Independent Auditorfs Report to the Members of Ashton Centra Development Limitsd leon Year ended 30 November 2021 Evaluate the overall presentation. structur• and content of Iho flnan¢ial statsm8nts, Incluthng tho discJ05LTrres. wlther the finartcial ststements repres¥nt the undodyin9 transactions and evènts in a manner that achiaves fair presentation. Wa communlots with Ihose charged with govemance regaTthng. among other mattots. the planned scope and tirnirrfJ of the audit and significanl audit finrfings, includir¥J any significant defic48ncies in int9mal control that we id¢nbfy duriNJ aud Uso of our rèport Thts report is mad8 soldy to the Charitys members, as a bcty. In accordance th section 43 of the coperatIve and Community 8enefit Societies Act {Ntylhem ITeland} 1969. Our audit work has been und$rtaken so that we might stale to the charivs members thosg matt3 wa arg requlred to ststg to th8m in an audrtorfs report and for no ¢)ther purpose. To the fullest extent MItted by law. we do not accept or assLtme responsibilty to anyone olh&r than the tharity and the chaiity's rnernb8 as a body. fw our alit work. forthis report orfor the othtons we have lom. Michad Flannigan (Sen StstutoryALKlitor) For an on behawof FEB Chartered Accountants Chartored accountsnts a stabJtory aurtOr nenhall Exchange Firt Flo)r 26 Linenhall Street Belfast Untted Klr¥Jdom BT2 8BG 10