St Columb's Park Rèconclllallon Trust Company Ilmlted by guarantee Indep8ndonl audltorfs report to the mombers of Sl Columb's Park Reconclllatlon Trust Iconllnued) Year ended 31 March 2023 Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, bas8d on the work und8rtaken in the course of the audit: the Informatlon giv8n In the directors, report for the financial year for whlch the financlal Statements are prepared Is conslstent wSth the financial slatements: and the directors, report has been prepared In accordance wlth applicable legal requirements. Matters on whlch we are requlrod to report by exceptlon We have nothing to report in respect of the following matt8r8 vthere Ihe Companies Act 2006 requlres u8 to report lo you If, Sn our oplnS0n'. ad8quate accounling records have not been kept, or returns adequate for our audlt have not been recelved from branch8s not visited by us; or the financlal stalements are not In 8gr8ement with the accounllng records and the returns; or certaln di8closur85 of 4Jireclors' remuneration specified by law are not rnade; or we have not recelved all the Information and explanations require for our audlt., OT Ihe directors were not enlltled to prepare the financlal statements In accordance wlth the 8mall companles regime and take advantage of the small companles, exempllons In preparlng the dlrectors, report and from the requlrement to prepare a strategic report. Re8pon81bllltle8 of dlractor8 As explained more fully in the directors, responsibililies st81ement. the dlrector8 are respon8lble for the preparallon ol the financlal slat8ni8nls and for being satlsfied thal they grve a true and falr vlew, and for such internal control as the directors determine Is necessary to enabl& the preparatlon of financial statements that are free from malerlal mlsstatemeiil, whether due to lrnud or error. In preparlng the financial stslements, the dlrectors are responsible for assessing the companls abilily lo continue as a golng concem, dlsclosing, as applicable, matters related to going concern and uslng ihe going concern b85is of accounting unless the dirèclors either intend to liquidale the company or to cease operatlons, or have no reallstic allernative bul to do so. Audlto¢8 respon81bllltle8 for the audlt of Iho flnanclal statement8 Our obJectlve8 are to obtaln re8soI)able assulance about whelher the financlal slalem8ntS as a whole are free from malerial mlsslatement, whelher due to fr8ud or error. and to Issue an audltorfs report that Includes our oplnlon, Reasonable assurance 58 a high level of 88sur8nce, bul Is not a guar8nt&e Ihat 8n audit conducled Sn accordance wlth ISAS (UK) wlll always detect a material misstatement when il exists. Misstatements can aris8 from fraud or error and are consldered materfal if. individually or in the aggr8gale, they could reasonably be expecled to Influence the economic decislons of users taken on the basis of these financi81 statements. Irregularltles. Including fraud, are Instsnces of non-compliance with laws and regLtlallons, We deslgn procedures in line with our responsibilities. outlined above, to detect materi81 misstÉlemenls In respecl of Irregularllies, Includlng fraud. The extenl to which our procedures are capable of detectlng irregularltles, Includino fraud Is d81oiled bolow.. Identlfylng and a$sesslng potontlal rlsks related to Irregularltles In 1dentl-ng and assesslng rlsks of Mate81 misslatement in respect of irregularities, inclu(Jing fraud and non-compliance with law8 and regu181ion8 we considered the followlng: lh8 nature of the Industry and sector and control enviTonmenl Page 7
St Columb's Park Reconclllallon Trust Company Ilmlted by guarantee Indepgndent audltorfs report to the members of St Columb's Park Re¢onclllatlon Trust (contlnued) Year ended 31 March 2023 the legal and regulalory framework applicable" the results of our enqulrles of management and other key persons about their own IdenlificalFon and assessment of th8 risks and irregularitles the charity own polici&s and procedures on compliance with18ws and regulations Including any insl8nceg of non-compllanc8. Audlt response to rlsk Identlfled As a result of performing the above we identified and performed the followlng procedures enqulry of management, those charged wlth governance around actual and polenlial lillgation and clalms. enqulry of entlty staff in compllance functlons io Identify any Insl8nce6 of non-compliance wllh laws and regulations. revlewing financl81 stalement disclosures and testing to supportlng documenl8tioD to assess compllance with appllc8ble laws and regulations. performlng analytlcal procedures to identify any unusual or unexpected rel8llonshlps that may indicate risk8 of rnaterlal mlsstat8ment du8 lo fraud. audlllng the risk of management overrlde of controls. includSng through testlng journal entries and other dluslments for approprlateness, and évalu8ting the buslnegs ratlonale of significant transactions outside th8 normal course of buslness, As part of an audil in accordance with ISAS (UK), we exerclse professlonal judgment and malnialn professional scepticlsm throughout the audit. we also: Identify and assess the risks of material mlsstalement of the fin8ncl81 slatements, vA)ether du6 to fraud or error, design and perform audit procedures responsive lo those risks, and obtaln audil 8vld8nce Ihal Is sufflclenl and appropriate lo provlde 8 basls for our oplnion. The rlsk of not delectlng 8 materlal misstatement resulllng Irom fraiid Is highar Ihan for one resulling from error. as fraud may Involve collusion, forgery, Intentional omlsslons, Inlsrepresentatlons, or the overrlde of Internal control. Obtaln an un(Jerstanding of Internal control relevant to the audit in order to design 8udlt procedure8 that are approprlale In the clrcumst8nc8s, bul not for Ihe purpose of expressing an opinlon on the eff8Ctlveness of the internal control. Evaluate the 8ppropri8ieness of accountlng pol1cS used 8nd ihe reasonableness of accounting estlmates and related dlsclosures made by ihe dlreclors. Conclude on the approprlateness of the dlrector5 use of the going concern basis of accountlng and, based on the audit evldence obtained. whether a materlal uncertainty exists related to events or conditions that may cast slgnlfic8nl doubl on the company's ability lo conllnue 8s a golng concern. If we conclude that material uncertalnly 8xlsts, we are requlred to draw attentlon In our auditor's report to the related dlsc105ures In the financlal st8ternents or, rf such disclosures are In8dequ8le, to modlfy our op5nlon. Our concluslons are based on the audit evidence obtalned up io the date of our auditor's report. However, future events or conditions m851 Cause Ihe company to cease lo contlnue as a going concern. We communicate with those charged with governance regarding, among other matters, Ihe planned scope and liming of the audll 8nd significant audit rindings, including any signlficanl deficlencles In Internal control Ihat we identify during our audit. Page 8
st Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Indépendènt audltorfs report to the members of St C()lumb's Park Reconclllatlon Trust (contlnued) Year ended 31 March 2023 Use of our report Thls report Is made solely io the cl)8rilVs 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 stale to the charltls members those matters we are required to .41ale to them in an auditorfs report and for no other purpose. To the fullest exl8nt permllted by law. we do nol accept or assume responslbllily io anyon8 Other than th8 charlly and Ihe charltvs rnember8 as a body, for our audit work, for this report, or for the oplnlons we have fom18d. Conor McAteer (Senlor Statutory Audilor) For and on behalf of Fergus McAteer & Co. Chartered Accountsnls and Statutory Auditors 31133 Clarendon Street Derry BT48 7ER US fvlcA Tse4 CHAATEAED 2 9 NOV 20Z3 ACCOUNTANTS 29 November 2023 Page 9
St Columb's Park Reconclllatlon Trust Company Ilmlted by guaranleè Con8011dated Stalement of Flnanclal Actlvltles (Includlng consolldated Income and expendlture account) for the Year Ended 31 March 2023 Unrestrlcted Restrlcted Funds Fund8 Tolals 2023 Tota18 2022 Notes Income and andowmants Donaiions and legacles 377,052 377,052 553,545 Other trading activities 117.441 117,441 65,309 Investment income 301 301 331 Tolal Income 117.742 377.052 494,794 619,185 Expendlture Charitable actlvitSes 36,162 387.138 423,300 514,700 Ralsing funds Total expendlturo 66,641 102.803 935 388,073 67.576 490,876 49,436 564,138 Nét Incom•l{expendlture) 14.939 (11,021) 3,918 55,049 Transfer between fund3 (15,290) 15.290 Net movement In funds (351) 4.269 3,918 55.049 Reconclllatlon of fund8 Total funds brought forward at 1 April 2022 260,697 981,175 1,241,872 1,186,823 Tot81 funds carried loard at 31 March 2023 260.346 985,444 1,245,790 1,241,872 The statement of fin3nclal activities includes all gains and losses recognised in the year. All Income and expendlture derive from conlinuing acllvities Paga 10