Holywood Family Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Holywood Family Trust
Year ended 31 August 2023
Opinion
We have audited the financial statements of Holywood Family Trust (the 'charity'l for the year ended
31 August 2023 which comprise the statement of financial activities (including income and expenditure
account), statement of financial position. statement of cash flows and the related notes, including a
summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements=
give a true and fair view ofthe state of the charity's affairs as at 31 August 2023 and of its incoming
reSoUr￿S and application of resources, including its income and expenditure. for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing (UK} {ISAs (UKI) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statements section of our reporL We are independent of
the charity in accordance 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 accordan￿ with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied. we have not identified any material Un￿rtaIntieS relating to
events or conditions that, individually or collectively. may cast significant doubt on the charity's ability
to continue as a going con￿rn for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilits'es of the trustees with respect to going concem are described
in the relevant sections of this report.

Holywood Family Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Holywood Family Trust
(continued)
Year ended 31 August 2023
Other infomiation
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our reporL we do not express any form of assuran￿ conclusion thereon.
In connection with our audit of thefinanaal statements, ourresponsibility is to read the other infomation
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or othetwise appears to be materially misstated. If
we identify such material inconsistencies or apparent material misstatements, we are required to
determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, 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 p￿Scribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees. report for the financial year forwhich the financial statements
are prepared is consistent with the financial statements; and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the lightof the knowledge and understanding of the charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustees, reporL
We have nothing to report in respect of the following matters in relation to which 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 financial statements are not in agreement with the accounting records and returns", or
rtain disclosures of twstees, remuneration specified by law are not made" or
we have not received all the infomiation and explanats'ons we require for our audit" or
the trustees were not entitled to take advantage of the small companies, exemptions in preparing
the directors, report and from the requirement to prepare a strategic report.

Holywood Family Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Holywood Family Trust
(continued)
Year ended 31 August 2023
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors forthe purposes ofcompany law) are responsibleforthe preparation ofthefinancial statements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going con￿rn. disclosing. as applicable. matters related to going concem and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations. or have no realistic altemative but to do so.
Auditorfs 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 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 ISAS (UK) will alwaysdetect a materialmisstatementwhen it exists.
Misstatements Ggn arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud. are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detsiled below=
As part of the audit process we obtained an understanding of the legal and regulatory framework
applicable to the entity. being FR102, Companies Act 2006 the UK taxation regime and compliance with
other regulations. In addition, we assessed the risks of material fraud through enquires with
management and those charged with corporate govemance and analytical procedures were used to
assess any unusual or unexpected relationships. As with all organisation of this size, there remains an
inherent difficulty in the detection of irregularities.
A further description of our responsibilities for the audit of financial statements is located on the FRC'S
website at mvw.frc.org.uklauditorsresponsibilities
As part of an audit in accordan￿ with ISAS (UK). we exercise professional judgment and maintain
professional sceptiasm throughout the audiL We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit prO￿dureS responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intents-onal omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of intemal 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
effectNeness of the intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of a￿oUntIng
estimates and related disclosures made by the trustees.

Holywood Family Trust
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Holywood Family Trust
(continued)
Year ended 31 August 2023
Conclude on the appropriateness of the trustees. use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the charity's ability to continue as a going concern.
If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequate,
to modify our opinion. Our condusions are based on the audit evidence obtained up to the date of
our auditor's report. However. future events or conditions may cause the charity 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 statements represent the underlying transactions and events
in a manner that achieves fair presentation.
We communicate with those charged with govemance regarding, among other matters, the planned
scope and ts'ming of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely to the charity'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 charity's
members those matters we are required to state to them in an auditor's 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 charity and the charity's members as a body. for our audit work, for this report, or for the opinions
we have formed.
Ms E Mulholland (Senior Statutory Auditor)
For and on behalf of
Johnston Graham Limited
Chartered accountants & statutory auditor
216 - 218 Holywood Road
Belfast
BT41PD