Foyle Parents & Friends Association (A company limited by guarantee) Independent auditor's report to the directors of Foyle Parents & Friends Association Opinion We have audited the financial statements of Foyle Parents & Friends Association for the year ended 31 March 2023 which comprise the Statement of Fiiiancial Activities, the Balance Sheet, the Cashflow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" Tliis report is made solely to the charitable company's directors, as a body, in accordance with Chapter 3 of Part 16 of tlie Companies Act 2006. Our audit work lias been undertaken so that we might state to the charitable company's directors those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the cliaritable company and the charitable company's directors as a body¥ for our audit work, for this report, or for the opinions we have formed. In our opinioii the financi&l statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023, and of its incomiiig resources and expenditure of resourc¢s, including its income and expenditure. for the year then ended: liave b¢¢ii piop¢rly prepar¢d in a¢cordarAce with Unit¢d Kingdom Generally Accepted Accounting Pra¢ti¢¢; and Iiave been prepar¢d in accordance with the requirem¢nts of th¢ Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under tliose standards are further described in the Auditorfs responsibilities for Ilie audit of the financial statements section of our report. We are independent of the charitable company in accoiylance with the etliical requirements that are relevant to our audit of the financial statements in the UK, including th¢ FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requireinents. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions rclating to golng ¢on¢ern In auditing tlie financial statements, we have concluded that the directors, use of the going concern basis of accounting in the preparation of th¢ financial statements is appropriate. Based on the work we have perforn]ed, we have not identified any material uncertaintie5 relating to events or conditions tliat, individually or collectively, may cast significant doubt on tlie charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are autliorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Page 5
Foyle Parents & Friends Association (A company limited by guarantee) Other information The directors are responsible for the other infonnation. The other infomiation comprises the information included in the directors, annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover other inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion tliereon. In connection with our audit of the financial statements, our responsibility is to read the other infonnation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtaiiied in tlie audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or appant material misstatements, we are required to detemiine whetlier there is a material misstateinent in tlie financial statements or a material misstatement of the other information. If, based on the work we liave performed, we conclude that there is a material misstatement of this other infonnation, we are required to report Ihat fact. We liave nothing lo report in this regard. Opihiort on other matters prescrlbed by the Companies Act 2006 In our opinion bLsed on tlie work undertaken in the course of the audit: the information given in the Directors, Annual Report for the financial year for which the financial statements are prepared is ¢onsistent with tlie finan¢ial statements; and the Directors Annual Report has been prepared in accordance with applicable l¢gal requirements. Matters on which we are required to report by exceptlon In the liglit of our knowledge and understanding of tlie charitable company and its environment obtained in the course of tlie audit, we liave not identified material misstatements in the Directors Annual Report. We have notliing to report in Kspect of the following matters wliere the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or the financial statements are not in agreement with the accounting records and retUrn5' or certain disclosures of directors, remuneration specified by law are not made. or we have not received all the informlltion and explanations we require for our audit. or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies excinption from the requirement to prepare a strategic report. Page 6
Foyle Parents & Friends Association (A company limited by guarantce) Responsibilities of the directors As explaiiied more fully in th¢ Directors, Responsibilities Statement set out on page 7, the dir¢ators (who are also th¢ directors of tlie charitable company for the purposcs of company law) are responsible for the preparation of the financial statements and for being satisfied that they giv¢ a true and fair view, and for such internal control as tli¢ directors detennine is necessary to enable the pr¢paration of financial statements that are free from material misstateinent, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable company or to cease opei'ations, or have no realistic alternative but to do so. Audltor's responsibilities for the audlt of tbe financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material missiatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of &ssurance, but is not a guarantee that an audit conducted in accordance witll 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 re&sonably be expected to influence tlie economic decisions of users taken on the basis of these financial statements. Explanation as to what extent the audfit was considered capable of detectlng irregularities, including Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in lin¢ witli our responsibilities, outlined above, to d¢t¢Gt rnatsrial misstatsments in respect of irregularitie5, including fraud. How¢v¢r. the primary responsibility for the prevention and deteotion of fraud lies with manageinent and tlie board of direotors of the charitable company. Idcntlfying and assessing potontlal rlsk8 related to irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and Iion-compliance witli laws and regulations, we considered the following.. the nature of the industry, sector and the speoific control environment which it operates in; tlie cliarities own assessment of the risks that irgUIaritI¢S may occur, either as a result of fraud or error. representations and results from our enquiries with management and the board of directors regarding their own identification and &ssessment of the risks of irregularities; enquiries of inanageinent relating to accounting estimates measurements, recognition criteria and justification of sucli amounts. any matters w¢ have identified having obtained and reviewed the Charities policies and procedures relating to. * identifying and assessing if laws and regulations are compliant and whether they are aware of any instances of non-compliance. * detection and response to the risk of fraud and whether they are aware of any actual, suspected or alleged fraud instances. * the internal controls designed to mitigate risks or fraud or non-compliance with laws and regulations, and to minimise risk of management overrides of such controls. Page 7
Foyle Parents & Friends Association (A company limited by guarantee) all matters discussed among the audit engagement teain regarding how and where fraud could occur and the polential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the charity for fraud. The audit included assessing the procedures and evaluating the measurement of estimations. In common witli all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of Inanagement override. We also obtained an understanding of the legal and regulatory frameworks applicable to the charity and considered tliat the most significant are the UK Companies Act 2006. SORP 2019 (FRS 102) and Charities Act (Northern I laiid)2008. Audit responses to risks identlflcd Our procedures to respond to risks ideiitified inoluded the following: reviewing the financial statement disclosures. testing the relevant do¢um¢ntation to assess compliance with the significant laws and regulations - those described as having a direct effect on the financial statements. enquiring with management and obtaining third paty confinnation from the Charities Solicitors regarding any actual or potential litigation and claims; perfonniiig analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstateinent due to fraud: reading minules of board and management meetings, examine forecasting material in line with actual perforinance, identifying any potential fraud indicators or instances: reviewing Companies House and Charity Comrnission Northern Ireland correspondence, id¢ntify any lat¢ subinissions or omissions of mandatory inforination; review correspondence with HMRC, id¢ntifying non compliance of specific infonnation to be disclosed. in addressing the risk of fraud through management override of controls, testing th¢ appropriateness of data entri¢s and adjustments. assessing whetl)er the judgements made in making accounting estimates are indicative of a pot'ential bias: and evaluating the rationale of any significant transactions that are unusual or outside the normal cours¢ of the Cliarities objectives. We also cominunicated relevant identified laws and regulations and potential fraud risks to all engagement team members and reinained alert to any indications of fraud or noncompliance with laws and regulations throughout tli¢ audit. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticisin tliroughout the audit, We also: Ideiitify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. Tlie risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or tlie override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control. Page 8
Foyle Parents & Friends Association (A company limited by guarantee) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and r¢lated disGlosur¢s Inad¢ by the directors. Concludc on the appropriateness of the directors, use of the going concern basis of accounting and, based on the audit evidence obtaiiied. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable coinpany's ability to continue as a going concern. If we conclude that a Inaterial uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in tlie financial statements or, if such disclosures are iiiadequate, to modify our opinion. Our conclusions aR based on the audit evidence obtained up to the date of the auditor's report. However. future events or conditions may cause tlie charitable company to cease to continue as a going concern. -Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial stateinents represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those cliarged with governaiice regardingy among other matters, the planned scope and timiiig of tlie audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit, Patrick M¢Groarty Senior Statutory Auditor for and on behalf of M¢GroArty Mccafferty & Conjpany Statutory Audfitor 2 Carllsle Terrace Derry BT48 6JX Dated: 12 Soptembor 2023 Page 9