REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ., TARA CENTRE Opinion W¢ have audited the fmancial statsmcnts of Tara Centre (the 'charitable company? for the year ended 31 Mar¢h 2024 which comprise the Statement of financial Activities, th¢ Balance Sheet. the Cash Flow Statement and notes to the financial Statemen including a summary of significant accounting policies. The financial tEporting framework that h&s been applied in their pr¢paration is applicabl¢ law and United Kingdom Accounting St8ndards (United Kin8dom GM¢rally Accopted AcGounttng Practice). In OUT opinion the fmancial statements: give a tru¢ and fair vi¢w of the state of the charitable companys affairs at 31 March 2024 and of its incoming resources and application of rOurces, including its incotn¢ and expenditur4 for the year th¢n ended; havc been properly prepared in accordance with United Kingdom Gcn¢rally Acc¢pted ALxounting Prnctice. and have been prep8red in ac¢ordanGe with the requiremonts of thc Companie5 A¢t 2006. Basls for oplnlon We conducted our audit in accordance with Intcrnalional Stsndards on Auditlng (UK) (ISAS OJK)) and applicabl8 law. Our responsibilitivJ under those standards are fvrther descrilxd in the Auditors, rcsponsibilitios for the audit of the financial st&tem¢nts section of our report. We are independent of th¢ charitable company in accordance with the ethical requirements that are relevant to our audit of the fu?¢11 stdtem¢nts in the UK, including the FRC'S Ethic&l Standard, and we have lfIlled our other ethirAI responsibillties in 8ccordan¢e with these requiremmts. We believe that the audit evidonce we have obtained is sufficient and appropriatc to provide a basis for our opinion. Conelu51ons relAtlng to golng conc*rn In auditing the financial statements, w¢ hav¢ concluded that tho trustees, use of the 8oin8 concern b&8ls of a¢¢ounting in th¢ preparation of the fthan¢ial statem¢nts is Appropriate. B85ed on the work we have peTfornied, we have not identifTh4 any materlal uncBrtaintipA relating to evettts or conditions that, individually or colloclively, may cast signifirAnt doubt on the charitable Company's Jbilily t() Gontinue as a going COnrn for a poriod of at leasl twefvo months from when the fmancial statements authorised for issu•. Our responsibilitles ttnd the rosponsibiliti¢s of ihe tnttts with rw to goin8 concern art dcscribed ill the relevant sections of this report. Other Informatlon The trustees are responslble for the other infom]Ation. The other infom?8tion comprises the infornialion included tri th¢ Annual Report, other than the fmaDcial 5tstements our Report of the Independent Auditots thereon. Our opinion on Ihe financial ststements doe8 not covcr the other infonnation 8nd, except to the extent otherwlso xplicitly stated In our report, we do Aot express ony forni of assur4 conclusion theTWI. In conThe¢ti¢)n with our audit of the finaneial staternenty our responsibility is to read the other infonn8tion and, In doing so, ¢onsidcr whher the other infonnation is materially inconsi$tent with the fm8ncial statements or our knowledge obtained in the audit OT otherwise appears to be materially mtsstated. If we id¢nttfy such mat¢rial inconsistencies or apparent material m18Statements, we are required to detennine whether this gives rise to a material misststement in the fin8n¢ial statements thems¢lve$. If, based on the work we have perfornie4 we conclude thal there is a materlal misstatement of this other inforniation, we are required to report that facL We havel ttothing to report in this re8d. Oplnlons on other matters prucrlbed by the CompAnles Att 2006 In ow opinion, based on the work undertaken in the COUTse of th¢ audit: th¢ infomthtion given in the Report of the TnJstees for the fin8nciAI year for which the financial statem¢nts are prepared is consistent with the fmancial statcm¢nts', and the Rcport of the Thistees has been prepared in acwrdancc with applicable legal requirements. Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TARA CENTRE Matters on whfeh we are required to report by exception In the light of the knowledge and understanding of the charitable company and its enviromnent obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustecs. We have nothing to TCPOrt in respect of the following matters where the Companies Act 2006 requires u5 to report to you if, in our opinion: ad4uate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. OT the ftnancial stslements are not in agreement with the accounting re¢ords and retUrn5' or certain disclosures of trustees, remuneration specified by law arn not made; or we have not received all the inforniation and explanations we r¢quire for our audit. Responslbilitles of trusteeg As explained inoT¢ fully in the Statement of Thislecs, Responsibilities. the trust$ (who Bre also the directors of the haritable company for the purposes of company law) are re5pon5ible for the preparation of the financtal statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees deterniine is necessary tt) enable the preparation of fmancial statements that are free from material misstatemeni whether due to fraud or error. In Preparing the fanCIal statements, the trustees are responsible for 8sses5ing the charitable ¢ompanYs abilTty to continue as a going concern, disclosin8, as appli¢Rbl¢, matters rcloted to going concern and using the 80iri8 concem bosis of a¢counting unless the trustees either intend to liquid4te the charitable company or to cease operations, or have no realistic aliern8tive but to do so. Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TARA CENTRE Our responsibllltles for the Audit of the fm2neial statements Our objectlV¢5 are to obtain r¢a50nabl¢ assurance about whether the fmanciel statements as a whole are free from material misstatemenL whether due to fraud or e>T. and to i&we a ReN)rt of the Independent Auditors that includes our opinion. Reasonable assurnnce is a high level of assurdncc, but is not a guaTat]tee that an audit wnducted in accordance with ISAS (UK) will always detect a material mi551atement when it exists. Mis5taternents can arise from fraud or error and are considcred material if, individually or in the oggTrgat¢, they could reasonably be expected to ntiuence the economic decisions of u5¢r3 tsken on the basis of these fllwici81 statements. Tho extcnt to which our procedures are ¢apable of detecting irregularitie5, including fraud is detailed below: We identify and assess the risks of inatcrial mi5Statement of the financial stat¢m¢Thts, whether duc to fraud or eff(Y, and then design and p¢rfomi audil procedurtq responsive to those risk4 including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opini. In identifying and assessing risk5 of material misststement in respect of irregularities, including fraud and non-complianrx with laws and regulatio we considered the following.. the nature of the industy and sector, control environment and busines9 perftimiance including the remunerotion policies, and its intemal and externa[ perfonnance tsrgcts; - results of our cnquiries of management and other key persons about the charity's own identific&tion and assessment of the risks of irregularities, including those that may occur either as a result of fraud or error, and matters we identified from our review of the policies, procedures and internal controls. and - the matters discusscd among the Audit engagement team r¢8ardin8 w¢ntial indicatorn of fraud and where Ét might occur in tho fu¢11 statements. Because of the inherent limitations of an audit, ther¢ is a risk that we will not det¢ct all irregularities, including those leading to a material mi&8talement in the financial statements or non-complian with regulation. This risk increases thc more that Gompliance with i law or r¢gulation is removed from the evcnts and transactions reflected in the fmancial statements, as we will bc less likely to become aware of instances of non-compli8nce. The risk is also greater rc8arding ittegularfftties occurring due to fraud rather than error, as fraud involves intentional concealment, forgcry, collusion, omission or misrcpr050ntation. W¢ also obtained an understsnding of the legal and regulatory framework that thc Charity opernte5 in, fo¢u8lng on provisions of thos¢ laws and regulations that had a direct effect on mat¢rial amounts and disc105ure5 in the fanCial ststements. The key laws and regulations w¢ considered in this context included the UK Companies Act, pensions and tsx legislation, charity legislation together with provisions of oiher laws and regulations that do not have a direct effect on the finAncial statements, but complianc4 with which may be fund8mentsl to the Charity's ability to operate or lo avoid a material pgnalty. This included condition5 of funding from various bodie8. From the above pro¢edure4 ond in Common with 811 audAts under ISAS (UK), we identified the disclosure of adjustin8 Itoms as a key audit matter with respect to potential risk of fraud, particuknrly in area5 where managcmenl is tequited ex¢rcis¢ significant jud8¢m¢nL We tailored our response to those identified risks to include enquiring of management concerning actu&1 and potential litigation and claims. perforniing analytical procedures to identify any unusual or unexpected relationships that may indicats risky of material misstatement due to fraud. and reviewing correskMThdenrx with HMRC and other r¢8ulatory bodi¢s. In addresslng the risk of fraud through management oveIde of contro15, we tested the appropriateness of journal entries and other adjustments. assessed whcther the judgements mad¢ in making accounting estiinates arc indicative of a potential bias: and evaluated the business rationale of any significant transactions that are unusual or s)utside the nornial course of business, of which there were none. Whilst our engagement team were thlly briem on the fraud risks and remained alert to any indications of fraud or non-compliance with laws and r¢gulations throughout the 8udiL we draw attention to inherent limitations in the scope of audit procedures since fraud, by its na[4 may involv¢ delil)¢rnt¢ wnceahn¢nL misrw)reseutstion or collusion. A further description of our responsibiliti¢s for the audit of the fmancial statements is located on the Financial Reporting Council's website at wvM.frc.org.uklaudtt(rynsibilities. This description fonns part of our Report of the Independent Auditors. Pag¢ 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TARA CENTRE Use of our report This report 18 mad¢ solely to the tharitable compan$ member4 as a b(ty, in a¢cordan¢c with Chaptcr 3 of Part 16 of the Companie5 Act 2006. Our audit Work has been undertaken so that we might stats to the charÈtable company's members those matters we are required to state to them in an auditors, roport and for no other purpose. To the 11¢51 extent pemiitted by law, wc do not accept or assume r¢sponsibility to anyone other than the charitsble company and the h8ritable Company's members as a body, for our audit work, for this repoiL or for th¢ opinions we have fonned, AJJ MICHAEL BARNETh (Senior Statutory Auditor) for and on behalf of McAleer Jackson Ltd Chartered Accountsnts & Statyjtory Auditors Church House 24 Dublin Road OMAGH Co. Tyrone BT78 IHE Date: 18 June 2024 Page 6