THE MYRTLEFIELD TRUST ids. chartered accountants INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE MYRTLEFIELD TRUST Opinion We have audited the financial statements of The Myrtlefield Trust Ilhe 'Trust'l for the year ended 31 December 2022 which comprise the slalemenl of financial aclivilies, the balance Sheet and notes to the financial statements. including significant accounting policies. The financial reporting framework that has been applied in their preparalion is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Uniled 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 December 2022 and of its incoming resources and application of resources, for the year then ended., have been properfy prepared in accordance with United Kingdom Generally AC￿pIed Accounting PraCti￿- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing {UKI (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for Ihe audit ol the linancial staten7ents section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevanl 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 lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatemenls, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial stalements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast signifi'cant doubt on the Trust's ability to continue as a going concern for a period of al least twelve months from when th& financial statements are 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 informatlon The other information comprises Ihe information included in the annual report other than th8 financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do nol express any form of assurance conclusion thereon. Our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial slatements or our knowledge obtained in the course of the audit, or othewise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise lo a material misslalement in the financial statement5 themselves. If. based on the work we have perfarmed, we conclude that there is a material misstatement of this other information, we are required to report that fact_ We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the Trustees, report. or sufficient accounting records have not been kept, or the financial statements are not in agreement with the accounting records., or we have not r8ceived all the information and explanations we require for our audit. THE MYRTLEFIELD TRUST ids. chartered accountants INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF THE MYRTLEFIELD TRUST Responsibilities of Trustees As explained more fully in the statement of Trustees. responsibilities, the Trustees, who are also the directors of the Trust for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstalemenl, whether due to fraud or error. In preparing the financial slatemenls, the Trustees are responsible for assessing the Trust's ability to continue as a going concern, disclosing, as applicable, matters related to going concem 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. Audltoffs responsibilitles for the audit of the financlal statements We have been appointed as auditor under section 65{3}b of the Charities Act (Northern Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo 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 an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISA5 (UK) will always detecl 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 influenc8 the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, 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.. we identified the laws and regulations applicab5e lo the company through discussions wtth direclots and other management, and from our commercial knowledge and experience of the sector., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal Gorrespondence. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as lo where they considered there was susceptibility lo fraud, their knowledge of actual, suspected and alleged ffaud., considering the internal controls in place lo mitigate risks of fraud and non-compliance with laws and regulations; and performed analytical procedures to identify any unusual or unexpected relationships.. tested journal entries to identify unusual transactions: assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias., investigated the rationale behind any significant or unusual transactions. In response to the risk of irregularities and nonwcompliance with laws and regulations, we designed procedures which included, bul were not limited to,, agreeing financial statements disclosures to underfying supporting documentation- • reading the minutes of meetings of those charged with govemance., enquiring of management as to actual and potential litigation and claims., reviewing Corresponden￿ with HMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial Iransaclions, the less likely il is that we would become aware of non-complian￿. Auditing standards also limit the audit procedures required lo 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. Material misstatements Ihal arise due lo fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. THE MYRTLEFIELD TRUST ids. chortered accountants INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE MYRTLEFIELD TRUST A further description of our responsibilities is available on the Financial Reporting Council's website al.. https'.l/ www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the Charity's trustees, as a body, in accordance with part 4 of the Charities {Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the charity's trustee5 those matters 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 lo anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have fomied. las {Senior Statutory Auditor) for and on behalf of IDS Chartered Accountants LLP Statutory Auditor 23125 Queen Street COLERAINE Co Londonderry Bf52 1BG 14 September 2023 IDS Chartered Accountants LLP is eligible for appointment as auditor of the Trust by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.