31 Columb'8 Park Reconclllallon Trust Company Ilmitod by guarantee Independent audltorfs report to tho memb•r8 of St Columb's Park Reconclllatlon Trust (contlnuedl Year ended 31 March 2024 Oplnlon We have audited the financial slaternents of Sl Columb's Park Reconciliation Trust for the year ended 31 March 2024 which comprise the Consolidated Slalement of Financial Aclivilies, Company Statement of Financial Aclivilies. Consolidated Balance Sheel. Consolidated Statement of Cash Flows and notes to the financlal statements, Including a summary of significant accounting poliGles. The financial reporting framework that has been applied in Ihoir preparation Ss applicable law and Vnited Kingdom Accountlng Slandards, Including FRS 102 The Financial Reporting Stsndard appllcable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounling Praclicel. In our oplnlon, the financial statements: glve a true and lalr vlew of the stale of the group's and of the parent companys affalrs as al 31 March 2024 and of the group loss for the year then ended; have been properly prepared in acGordance with Unitgd Kingdom Generally Accepied Arxounting Practice,. and have been prepared In accordance wlth the requlrements of th8 Companies Acl 2006. Ba818 for oplnlon We conducted our audit In accordance wilh Intemational Slandards on Auditing (UK) (ISA8 {UK)) and applicable law. Our r8sponsibililies under those standards are lurther described in the audilor's rospon$ibililies for the audit of Ihe financl81 slalemenls section of our report. We are independent ol the company In accordance with the ethical requirements Ih8t are relevant lo our 8udil of the financial slalemenls in Ihe UK, Includlng the FRC'S Ethical Standard, and we have luifilled our other elhi¢81 responsibilities in accordance with these requirements. We believe that the audll evldence have oblalned Is sufficlent and approprlate to provlde a basls for our oplnlon. Concluslon8 relallng to golng concern In audiling the financial slatemenls, we hava wnclud8d that the director8 uso of the golng concem bas18 of accountlng In the pr8paratlon ol the financial stalemonts Is appropriate. Based on thè Vrk have performed. we have not Ideniified 8ny materlal uncertaintles relallng to ev6n18 or condltions Ih8t. individually or collectively, may cast signific8nt doubl on the ¢ompanrfs ability lo continue as a golng concern for a perlad of at least iwelve months from when the flnanclal slatemenls are authorlsed for Issue. Our responsibllilies and the responslbllilies of Ihe dlrectors with respect to going concern are described In the relevant sections of this report. Other Informatlon The other Information comprises Ihe information included In the annual report, other than the financlal statements and our auditor's report thereon. The dlrectors are responsible for the olher information. Our oplnlon on the financial slalemenls does not cover the other infonnation and. except lo the exlenl otherwise explicitly stated In our report, we do nol express any form of assurance conclusion Ihereon. In connection wilh our gudit of lh• finAneial *latom•nlA. our rosportBibility IA lo raad Iho oth•r informAtlon and, in doing so, consider whether tho olhor information is malerially inconsi8t8nt with the financial statements or our knowledge oblalngd In Ihe audlt or otherwise appears lo be malerially mlsslaled. If wè Idéntlfy such material Inconsistencies or apparent material misstalements, we are required to determine whether there Is a materlal misstatement In the financial statements or a materlal misslalement of the other Infonnatlon. If, based on th8 work we have performed. we conclude thal there 18 a rnalerlal mlsstatement of Ihls other Informatlon, we are requirèd to report that fact. We have nothing to report In thls regard. Page 6
St Columb's Park Reconclllatlon Trust Company Ilmltod by guarant•0 Indopendenl audltorfs roport to the members of Sl Columb's Park Reconclllallon Trust (contlnued) Year ond•d 31 March 2024 OplnlonB on other matters prescrlbed by the Compan105 Acl 2006 In our opinion, based on th8 work undertaken in the course of the audit.. the infornialion given In the dlr8clors' report for the financial y8ar for whl¢h the financlal slatemenls are prepared is ¢onsist8nl with the financial siatemenls., and the directors. report has been preparod in accordance with applicable legal r8quirements. Maltars on whlch wo •re r•qulr•d lo raport by •xcoPtlon We have nolhlng lo report In respect ol the following mallers vh)ere Ihe Companles Act 2006 requires us lo report to you if. in our opinion.. adequate accounting records have nol been kept. or returns adequat8 for our audit have not been recelved from branches not vlsiled by us; or the financlal statements are not In 8gr8ement wlth th8 accounting records and the relums; or certain disclosures of directors. remuneralion specified by law are not m8de: or we have nol recelved all the Informalion and 8xplanalion8 W8 requlre for our audit: or the directors were not enlilled to prepare Ihe financial slatemenls in accordance with lh8 small companles regime 8nd take advantage of the sm811 companles, exemptions in preparlng th8 directors, report and from the requiremenl to prepare a strategic report. Re8pon8lbllltle4 of dlrectors As explalned more fully In Ihe direclors, responsibilities slalement, the dlreclors are responslble for the preparatlon of the financlal slalemenls and for being sallsfied Ihal they glve a true and falr vlew, and for such Inlernal control as the dlreclors determlne Is necessary lo enable Ihe preparallon of financlal statements that are free from material misslalemenl. whether due to fraud or err. In preparlng the flnanclal slatem8nts, the dlreclors are responslble for 8ssesslng the companys ablllty to continue as a going concern, disclosing, as applicable. mallers felaled lo going concern and using Ihe 9olng concern basls of ac¢ounllng unless the directors elther Intend lo Ilquldale the company or to cease operatlons, or have no realistic ellernative but lo do so. Audltor's re6ponslbllllle8 for the audlt of the flnanclal statemen18 Our objectives are to obtaln reasonab18 assurance about whether the financlal stateménts as a whole are free from material misstatement. wh8lher du6 to fraud or error, and lo Issue an audltor's report Ihat Includes our oplnlon. Reasonable assurance is a hlgh lev81 of assurance, bul 1$ not 8 guarantee Ihal an audit conducted In accordance wlth ISAS {UK) wlll always d81g¢t a mal8rial mlsslatemenl when11 exists. Mlsstatemenls can 8rlse from fraud or error and are considered material If, Indivldually or In the aggregate. they Could Teasonably be expecled lo Influence the economic declslons of users laken on the basls of these flnanclal 51atements. Irregularities, including fraud. are instsnces of non-compliance with laws and regulallons. We deslgn procedures In Ilne with our responsibililies, oullined above, lo detect material misslatements In respect of Irregularillgs, includlrbg fraud. The extent to which our procedures are capabl8 of d8t8Cting Irregularlties, Including fraud is d8talled below.. Idenllfylng and assgs$lng polen¢lal rlsks rolated to Irregularltles In identifying and 8S5essing risks ol material mls8tatement In respect ol irregularities, including fraud and non-compliance with laws and regulations we considered the following: the nalure of the industry and seclor and ¢ontrol environmenl Pago 7
st Columb'¥ Park Reconclllallon Trust Company Ilmllgd by guarantee Indopondent audltorfs roport to tho mamber8 01 St Colurnb's Park Reconclllatlon Trust Icontlnued) Year ended 31 March 2024 the legal and regulatory framework applicable. Ihe results of our 8nquirles of management and olhar key persons aboul their own identification and assessment of the risks and irregularilies the charity own policles and procedures on compllance with laws and regulallons Including any instanc8s of non-compliance. Audlt respons• to rlsk Idontllled As 8 resull ol p8rfomiing the abov8 we idenlified anfJ perfomed the followin9 procedures enquiry of managemenl, those charged with governance around actual and potentlal Illlgatlon and clalms. enqulry of entity staff in compliance lunclions to identify any instances ol non-compllance with laws and regulations. revlawlng flnanclal slaternent dlsclosures and tesllng lo supporting documgntallon to a8s98s compllance Ih applicable laws and regulations. performing analytlcal proc8dures to identify any unusual or unexp6Ctad relatlonships that may Indlcate rlsks ol materkl mi85tatement due to fraud. audltlng Ihe rlsk ol management oveirlda of controls. including through tasting Journal 8nlrles and othar adjuslments for approprlateness, and evaluatlng Ihg business rallonale of significant transactions oulsido the normal cours8 of business. As part of an 8udlt in acwrdance wilh ISAS (UK). we exercise profe88lonel Judgment and malntaln professlonal sceptlclsm throughout the audit. we 81s0'. Identlfy and assess the risks of malerlal mlsstatement ol the financlal statements, vthether due lo fraud or error, deslgn and perform audlt procgdures respon81v8 to those rlsks. and obtaln audlt evldence that Is sufficlenl and approprlale to provlde a basis for our opinion. The dsk of not delecting a materlal misslatemenl resulung from fraud Is higher Ihan for one resulting frorn error. as fraud may involve collusion, forgery. inlenltonal omissk)ns. misrepre3entstK)n8, or the override ol Intemal conlrol. Ob181n an und8rstandlng of Inlem81 control rélevant to Ihe audit in order to design audit procedures Ihat are 8pproprlale In the clrcumslances. but nol lor lh8 purpose of expressing an oplnlon on tho effecllven8$s of the Intern81 control. Evaluate the appropriateness ol accounting policies used and the reasonableness of 8ccounling estimates and related disclosures made by Ihe directors. Conclude on the approprialeness of the direcloTS use of the going concem basls of accounllng and, based on the audlt evidence obtalned, whether a maleri81 uncertalnty exists re181ed lo evenls or conditions Ih?t m8y cast significant doubt on the companvs ability to Conlinue as a golng concern. If we conclude thal 8 material unc8rtalnly exists. we are required lo draw attentlon in our aLMlitor's report to th& related dlsclosures In the flnancial statements or, if such dlsclosures are Inadequale, to modffy our oplnlon. Our concluslons are based on the audit 6videnco obtained up to the date of our audllorfs report. However, future gvents or conditions may cause the company to cease lo continu8 as a going concern. We communicate wilh thosè charged wilh governance regarding, among olher mallers. the planned scope and Ilming of Ihe sudll and significanl audlt findings. including any significant deflclencles In internal conlrol that we identify during our audll. Pago B
St Columb's Park ReconcllSallon Trujt Company Ilmlled by guarant•e Independenl audltorf8 report to the member8 of St Columb'6 Park Reconclllatlon Trust {contlnued) Year ended 31 March 2024 Use of our report Thos report is made solely lo the charltys members. as a body. In accordance wllh Chapier 3 of Part 16 of th8 Companles Act 2006. Our audlt Work has been undertaken so that we mlghl state to Ihe charllvs m8mbers Ih05e rnallers we ar8 required lo slate to them in an auditor's report and for no olher purpose. To lh8 lullesl exlenl permitted by law, we do nol accept or assume responsibility lo anyone olh8r than the charity and the charitys members as 8 body, lor our audil vrk. for this report, or for the oplnions we have formed. Conor McAteer (Senior Stalulory Auditor) For and on behall of Fergus McAteer & Co. Chartered Accountants and Statulory Audltors 31133 Clarendon Street Derry BT48 7ER CHAHTERED 3 0 CEP 2024 Page 9