Foyle Parents & Friends Association
(A company limited by guarantee}
Independent auditor's report to the directors of Foyle Parents & Friends Association
Opinlon
We have audited the financial statements of Foyle Par¢nts & Friends Associatioii for tlie year ended 31 March
2024 whicli ¢ompris¢ the Statement of Financial Activities, the Balance Sheet, the Cashflow Statem¢nt and the
related notes. Tlie financial reportiiig framework that has been applied iii tlieir preparation is applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including
FRS 102 The Financial Reporting Staiidard applicable in the UK and Republic of Ireland
This report is Inade solely to tlie charitable company's directors, as a body, in accordance witli Cliapter 3 of Part
16 of tlie Companies Act 2006. Our audit work has been iindertaken so tliat we might state to the cliaritable
compaiiy's directors those matters we are required to state to them in an auditorfs report and for no otlier puryose.
To tlie fullest exteiit permitted by law, we do not accept or assume responsibility to anyone otlier than tlie
cliaritable company aiid tlie cliaritable compaiiy's directors as a bodyg for our audit work, for this report, or for tlie
opinioiis we have forined.
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 it5
incoming resources and expcnditiire of resources, incliiding its iiicome and expenditure, for the year then ended.
liave been properly prepared in accordance witli United Kingdom Generally Accepted Accouiitiiig Practice,
and
liave be¢ii prepared in accordance ivitli the requirements of tlie Companies Act 2006.
Basls for oplnlon
We conducted our audit in ac¢ordanc¢ with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our respoiisibilities uiider those staiidards are furtlier described in the Auditor's responsibilities
for the audit of tlie financial statements section of our report. We are independent of tlie cliaritable company in
accordance with the etliical requireinents tliat are relevant to our audit of tl)e finaiicial statemeiits in tlie UK,
including the FRC'S Ethical Standard, and we have fulfilled our other etliical responsibilities iii accordance with
these requirements, W¢ believe that the audit evidence we liave obtaiiied is sufficient and appropriate to provide
a basis for our opinion.
Concluslons relating to going concern
In auditing the financial statements, w¢ liav¢ concluded tl)at the directors, use of tlie going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relllting to events or
conditions that, individually or collectively, may cast signifi¢aiit doubt oil the charitable company's ability to
continue as a going coiiceni for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and tlie responsibilities of the directors with respect to going concerii are described in the
relevant sections of this report.
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Foyle Parents & Friends Association
(A company limited by guarantee)
Other inforn)ation
The directors are respoiisible for the other infomiatioii. Tlie otlier iiifonnation comprises the infom]ation
iiicluded in tlie directors, annlial report, otlier than the financial statements and our auditor's report thereon. The
directors are responsible for other inforniation. Our opinion on the financial statemeiits does iiot cover other
inforinatioii and, except to the extent otherwise explicitly stated in our report, we do iiot express any forn] of
assurance conclusion tliereon.
In connection with our audit of tlie financial statements, our responsibility is to read the otlier inforniation and, in
doing so, consider whetlier the other information is materially incoiisistent witli the financial statements or our
knowledge obtained in tlie audit or otlierwise appears to be materially iiiisstated. If we idcntify such material
inconsistencies or appareiit material Iiiisstatements, we are reqiiired to d¢t¢rmiiie wlieilier tliere is a material
misstateinent iii the fiiian¢ial stateineiits or a material Inisstateinent of the otlier infonnation. If, based oli tlie
work we liave perfomed, we conclude tliat tliere is a material misstatement of this otlier inforination, we are
required to report tliat fact.
We liave Iiothing to report in tliis regard.
Oplnlon on other mattors prescrlbed by the Companles Act 2006
In our opinion based on tlie work iindertakei) in tlie course of the audit:
the inforniation given iii the Directors, Annual Report for the financial year for whicli the financial statements
are prepared is consistent with the fInancial statements; aiid
tlie Directors Aiiiiual Report lias been prepared in accordaiice witli appl icable legal requireineiits.
Mllttcrs on whlch we arc rcqulred to report by exceptlon
In tlie liglit of our kiiowledge aiid understaiiding of the cliaritable company and its environment obtaiiied in the
course of tlie audit, we have not identified material misstatements in tlie Directors Aiinual Report.
We liave notliiiig to report in respect of tlie followiiig Inatters wliere the Companies Act 2006 requires us to
report to you if, iii oiir opiiiion..
adequate accouiiting records have iiot beeii kept; or
the financial statements are not in agreement witli the accouiiting records aiid retiirns. or
certain disclosiires of directors, remuneration specified by law are not made; or
we have not received all tlie information and explaiiations we require for our audit. or
tlie directors were not entitled to prepare the financial statements in accordaiice ivith tlie stnall companies
regime and take advantage of the small coinpanies exemption froin the requiremeiit to prepare a strategic report.
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Foyle Parents & Friends Association
(A company limited by guarantee)
Responsibilities of the directors
As explained more fully in the Directors, R¢sponsibilities Statement set out on page 4, tlie directors (wlio are also
the directors of tlie cliaritable compaiiy for the purposes of company law) are responsible for tlie preparation of
tlie financial statements and for being satisfied that tliey give a true and fair view, and for such internal control as
the directors determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
Iii preparing the financial statements, tlie directors are responsible for assessiiig tlie charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and iising tlie going
concern basis of accouiiting uiiless tlie directors eitlier intend to liquidate the charitable company or to cease
operations, or liave no realistic alternative but to do so.
Audltor's responslbllltles for tlie Audit of tho finAnclal statements
Our objectives are to obtaiii reasonable assurance about wliether the fiiiancial statements as a wllole are free from
material misstatement, wl)ether due to fraud or error, and to issue an auditor's report tliat includes our opinion.
Reasonable assurance is a Iiigh level of assiirance, but is not a guarantee tliat an audit conducted in accordance
Ivitll ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise froij) fraud or
error and are considered Inaterial if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken oil tli¢ basis of these financial stateiiients.
Explanation as to what oxtent the audit Ivas considered copablc of detecting irregularltlcs, Including
Trregularities, iiicluding fraud, are instances of noii-coinpliance with laws and regulations. We design procedures
in line witli our responsibilities, outlined above, to detect material misstateinents in respect of irregularities,
including fraud. However, the primary responsibility for the prevention aiid detection of fraud lies witli
management and tlie board of directors of tlie charitable compaiiy.
Identlfylng and assessing potentinl rlsks relAted to irregularities
In identifyiiig and assessing risks of material misstatement in respect of irregularities, including fraud and
non-compliance witli laws and regulatioiis, we considered the following:
tlie nature of the indLlStry, sector and the specific control environment which it operates in;
the cliarities own assessment of the risks tljat irregularities may occur, either as a result of fraud or error.
representations and resLilts from our enquiries with management and tlie Board of Directors regarding their own
identification and assessment of the risks of irre￿ilarIticS.
enquiries of management relating to accounting estiinates measurements, recognitioii criteria and justification of
sucli amounts.
any niatters we have identified liaving obtained and revieived the Charities policies and procedures relating to.
* identifying and a55e5sing if laws and regulations are compliant and whether tliey are aware of any instances of
non-compliance.
* detection and response to tlie risk of fraud and whether tliey are aware of any actulc I, suspected or alleged fraud
instances.
* the interiial controls designed to mitigate risks or fraud or iion-compliance with laivs and regulations, and to
minimise risk of management overrides of sucli controls.
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Foyle Parents & Friends Association
(A company limited by guarantee)
all matters discussed among the audit engagenient team regarding how and wli¢re fraud could occur and tlie
potential indicators of fraud.
As a result of tliese procedures, we considered tlie opportunities and incentiV¢5 that may ¢xist Nvithin tlie cliarity
for fraud. The audit included assessing the procedures and evaluating tlie measureilleijt of estimations. In
Common with all audits under ISAS (UK), we are also reqiiired to perform specific procedures to respond to the
risk of management override.
We also obtained an understanding of the legal and regulatory frameworks applicable to the charity and
considered that the most significant are the Companies Act 2006, SORP 2019 (FRS 102) and Charities Act
(Northern Ireland) 2008.
Audlt responses to rlsks Identlflcd
Our procedures to respoiid to risks ideiitified incliided tlie following:
reviewing tlie financial stateinent disclosures, testiiig tlie relevant docuinentation to assess coinpliance witli the
significaiit laws and regulatioiis those described as liaving a direct effect on the financial stateinents;
enquiring with management and obtaining tliird party Coiifirihation from tlie Cliarities Solicitors regarding any
actual or poteiitial litigation ai)d claiins.
performing analytical procedures to identify any unusual or uiiexpected relationsliips that may iiidicate risks of
material misstatement diie to fraud;
reading miniites of board and management meetings, examine forecasting material in line with actual
performance, ideiitifying aiiy potential fraud indicators or instances;
reviewing Companies House and Cliarity Cominission Nortliern Ircland correspondence. identify any late
submissions or omissions of inaiidatory informatioii.
revieiv correspondence witli HMRC, identifying noii compliance of specifi¢ information to be disclosed;
in addressiiig tlie risk of fraud tlirougli manageineiit override of controls, testing the appropriateness of data
entries and adjustments; &ssessiiig whether tlie j udgeinents iiiade in inakiiig accouiiting estimates are indicative of
a potential bias; and evaluating tlie rationale of any significant transactions tliat are unusual or outside the normal
course of the charities objectives.
We also communicated relevaiit ideiitified laws aiid regulations aiid poteiitial fralid risks to all engageinent team
members and remained alert to any indicatioiis of fraud or iioncompliance witli laws and regulations throughout
the audit.
As part of an audit in accordance witli ISAS (UK), we exercise professional judgment and maintain professional
scepticism througliout the audit. We also:
Edentify and assess the risks of material misstatement of the financial statements, wliether due to fraud or error,
design llnd perform audit procedures responsive to tliose risk5, and obtain audit ¢vid¢n¢¢ that is suffi¢i¢nt and
appropriate to pmvide a basis for Olir opinion. The risk of not detecting a material Inisstateinent resulting from
fraud is higlier tlian for oiie resulting froiii error, as fraud Inay involve collusion, forgery, intentional omissions,
Inisrepresentations, or the override of internal control.
Obtain an uiiderstandiiig of iiitemal control relevant to the audit iii order to design audit procedures that are
appropriate in tlie circumstaiices, but not for the purpose of expressing ali opinion on the effectiveness of the
charitable company's internal control.
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Foyle Parents & Friends Associatio
(A company limited by guarantee)
Evaluate the appropriateness of accountii)g policies used and tlie reasonableness of accountiiig estimates and
related disclosures inade by tlie directors.
Conclude on tlie appropriateness of th¢ directors, use of tlie going conc¢rn basis of accounting aiid, based on the
audit evidence obtained, wlietlier a Iiiaterial uncertainty exists related to events or conditions tliat may cast
significant doubt on the charitable company's ability to continlie as a going conc¢rii. If we conclude tliat a
Inaterial uncertaiiity exists, we are reqiiired to draw attention iii our auditor's report to the related disclosures in
the financial statements or, if such disclosures are inadequate, to modify our opinion. Olir conclLisions are based
on the audit evidence obtained up to tlie date of the auditor's report. However, future events or conditions may
cause tlie cliaritable company to cease to coiitinLie as a going concern.
-Evaluate tlie overall presentation, structure and content of the financial statements, including tlie disclosures, and
wl)etlier tlie fiiiancial statements represent tlie uiiderlyiiig traiisactions and events in a maiiner tliat acliieves fair
presentation.
We communicate with tliose cliarged with governance regarding, among other matters, the planned scope and
timiiig of tlie alidit and significant aiidit fiiidings, includiiig any significant deficiencics in internal coi)trol that we
identify duriiig our aLtdit.
Patrick McGroarty
Senior Statutory Auditor
for and on behalf of
McGrollrty Mccafferty & Company
Statutory Audltor
2 C8rllsl¢ Terrace
Derry
BT48 6JX
Date: 21 August 2024
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