TOWNSEND ENTERPRISE PARK LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TOWNSEND ENTERPRISE PARK LIMITED Oplnlon We have audlled the flnancial slatemenls of Townsend Enterprise Park Limlted Ith8 'charity'l for the year ended 31 March 2023 which comprise lh8 slalemenl of financial acllvilies. the balance sheet, the statement of cash flows and notes to the financial slalemeDls, Including slgnific8nl accounting policies. The financial reporting framework that has been applied In Iheir preparation is applicable law and Uniled Klngdom Accounling Standards, including Financial Reportlng Standard 102 Th8 Flnancial R8porting Standard applicable in the UK and Republic of Ir818nd {United Klngdom Generally Accepted Accounting Practice). In our opinion, the financlal statements: give a true and fair vlew of the slate of the charitsble compan5Vs affairs as al 31 March 2023 and of Its incoming resources and appllcallon of resources. including its income and expenditu, for the year then ended.. have been properly prep8red In accordance wlth Unlted Klngdom Generally Accepted Accountlng Pra¢llce', and have been prepared In accordance with the requlrements of the Companies Act 2006. Basls for oplnlon We conducted our audit In accordance with International Standarts on Audlting {UK) IISAS (UK)) and appllcable law. Our responsibllltles under those standards are lurlher descrlbed In the Audltorfs responsiblliti8s for Ihg audlt of the accounts section of our report. We are independent of the charity in accordance with Ihe ethi¢al requirements that are relevant lo our audll of the accounts in the UK, In¢ludlng thè FRC'S Ethical Standard, and we have fulfllled our other elhlcal responsibilitl&s in accordance with thesè requirements. We believe thal the audlt evidence we have oblalned Is sufflclent and appropriate to provide a basis for our opinion. Con¢luslons relating to golng concern In audiling the financial stalemenls, we have concluded thal the Iruslees, use of the going conr8rn basts of 8ccounting in the preparation of the flnancial stslemenls is appropriate. Based on the work we have performed, we have not Identified any material uncertaintles relating to events or condilions that, indlvldually or collectlvely. may casl significanl doubt on the charity's abllity to continue as a going concern for a period of al least Ie1ve months from when the financial slaternents are aulhorfsed forlssue. Our responsibilities and the respor¢sibilities of the Irustees with respect lo golng concern are described In the relevant sections of this report. Other information The other information comprlses the Information included In th8 annual report other than the financlal statements and our audiloi's report th&reon. The trustees are responsible ft)r the other Information contalned wilhln Ihe annual report. Our oplnlon on Ihe financ4al statements does not cover the other Information and, except to the extent olherwlse explicluy stated In our report, we do not express any form of assurance concluslon Ihereon. Our responsibility Is to read the other Informalion and. In doing so, consldef whether the other Informatlon Ss mal8rlally inconsistent with the financial statements or our knowledge obtalned in the course of the 8udil, or otheNise appears to be materlally mlsstated. If we identlfy such material inconsistencie5 or apparent materlal mlsslatemenls. we are required to determine whether Ihis glves rise to a material misstatement In the financial slalements themselv8s. If, based on Ihe Wofk we have performed, we conCle that there is a malerial misstatement of this other Informatlon, Wg are required to report thal fact. We have nothing lo report In Ihis regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of oui audit-. the information given in the Iruslees, report for Ihe financial year for which the ffnancial statements are prepared, which includes the directors, report prepar8d for Ihe purposes of company law, is consistent with the financial statements., and the directors, report included withln the trustees. report has been prepared in accordance with applicable legal requirements.
TOWNSEND ENTERPRISE PARK LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED> TO THE TRUSTEES OF TOWNSEND ENTERPRISE PARK LIMITED Matters on whlch we arè required to report by ex¢Èptlon In the light of the knowledg8 and understanding of the chariiy and its environment obtained in the course of the audit, we have not identified material misstataments in Ihe directors, report included wilhin the trustees, ieport, We have nothing to r8POrt In respect of the following mait8rs in relation lo which the Companles Act 2006 requires us to report lo you If, In our opinion: adequate accounting records have not been kept, or retums adequate lor our audit have nol been received from branches not visited by us; or the financial statements are not In agreemenl with the accounting records and returns., or certaln dlsclosufes of truslees, remuneration specified by law are not made: or we have not rèceived all the inforrnalion and explanations we requlrè for our audit; or the Irustees were not entitled lo prepar8 th8 financial slalements In accordance wllh the small companles regime and take advantage of Ihe small cornpanies. 8xemptions in prepafing the trustees. report and from the requirement lo prepare a strategic report. Responsibiliti8$ of trustees As explained more fully in Ihe slalemenl of trustees, responslbilities. the trustees, who are also the directors of the charlly for the purpose of company law. are responsible for tho preparatlon of Ihe flnancial statements and for being satisfled that they give a true and falr view, and for such inlernal eonlrol as the Iruslees determine is necessary lo enable the prepafalion of financial statements that are free from materlal misstatement. whether due lo fraud or error. In preparing Ihe financlal statements, the truslees are responsible for assessing the charity's abilily to continue as a going concern, disclosing. as applicable, matters related to going concern and uslng the golng concern basis ol accounting unless the truslees either intend to liquidale the charitable company or lo cease operations, or have no reallstic alternative bul lo do so. Auditor's responslbllltles for the audlt of the flnanclal statements Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misstatèment, whelher due lo fraud or error. and to Issue an audilorfs report that In¢ludes our opinlon, Reasonable assurance Is a high level of assufance but Ss not a guarantee that an audit conducted in accordance wlth ISAS (UK) will always detect a materfal misstatement when il exists. Misstatefflenls can arlse from fraud or error and 8re considered m8tertal If, Indlvidually or In ihè aggregale, they could reasonsbly be 8xpecled lo inllu8nce the economic decisions of users taken on the basis of these financial statements. The ext8nl to whlch our Procedures 8re capable of det8ding IrU[anI0es. Including fraud, Is detailed below. Explanatlon as to what txtent the audit was consldered capable of detectlng Irregularities, Including fraud The oblecllves of our audit in respect of fraud. are: lo identify and assess the fisks of material misstalemenl of the financial statements due to fraud,. to obtain sufflcient approprtate audit ewdence r8garding the assessed iisks of materS8l mlsslatemenl due to fraud, through designlng and implementing appropdate responses lo those assessed rlsks,. and to respond appropriately io Inst8nc8s of fraud or suspected fraud identified durlng Ihe audit. However, the primary responsiblllty for the prevenlion a1 detectkjn of fraud rests wilh both management and Ihose charged with governanc6 of the charitable cornpany. Our approach was as follows: We obtained an understanding of Ihe 18gal and regulatory requlrements applicable to the charitable company and considered that Ihe most significanl are the Companies Act 2006, the Charities Act 2008, the Charlty SORP, and UK financial reporting st8ndards as issued by the Financial Reporting Council We obtalned an underslandlng of how the charitable rompany complies with these requirem8nts by dlscusslons with fflanagemenl and those charged with governance. We assessed the rlsk of material misstatemonl of the fnancial stalemenls. including the risk of matèrial mlsstatement due lo fraud and how il might ocGur, by holding discussions with management and Ihose charged with governance.
TOWNSEND ENTERPRISE PARK LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TOWNSEND ENTERPRISE PARK LIMITED As part of an audit in accordance with ISAS (UK) we exarclse professional Judgement and malntaln professlonal scepticism throughout lh8 audit. We also- Identify and asse5S thg rlsks of matèrlal misslatefflenl of the financlal slat8menis, whether due to fraud or error, design and perfomi audit procedures responsive lo those risks, and obtain audit 8vidence that is sufficlenl and approprlatè to provide a basls for our opinion. The risk of not deleGting 8 materlal misslatemenl resulting from fraud is hlgher than for one resulting from erior, as fraud may Involve collusion. forgery, Intentional omlsslons, misrepresenlallons, or the override of ipternal control. Oblaln an understanding of internal ¢onlrol relevant to the audil in order to design audit procedures that are approprlate in Ihe circumstances, but not for the purposes of expressing an Dpinlon on the effectiveness of the charllable company's Internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of aOuntIng estimates and relaled dlsclosufes made by the trustees. Conclude on the approprfaleness of the Irustees. use of the golng concern basls of accounting and, based on the audit evidènce obtained. whether a malerial uncertainty exi51s related tcj events or conditions that may cast slgnlficant doubt on the ch8ritable company's ability lo continue as a golng concem. If we conclude that g material uncertainty exists. we are rÈqulred lo draw altentlon in our auditor's report lo Ihe related dlsclosures In the financlal slalemenls or, if such disclosures are inadequate, lo modtfy our opinlon. Our concluslons are based on the 8udil evidence oblained up lo the date of our audllor's report. However, future events or condS1ions may cause the charitable company to cease to continue as a going concern. Evaluate the overall presentation. slrutture and Content of the financlal stalements. Includlng the disclosur8S. and whether the flnanclal statements represent the underiying transactions and events In a manner thal achleves falr presentation. W6 communlcate w5th those charged wllh governance reg8rdlng, among other mallèrs, the planned scope and tlmlng of the audlt and slgnlflcanl audlt flndlngs, includlng any slgnlficanl d8flciencies In Internal control that we Identlfy durlng our audll. A further descrlplion of our responsibllllies Is avallable on lh8 Fin8ndal Reporting Councll's webslle al: hltps',11 www.frc.org.uklaudllorsresponsibilitses. This descripllon forms part of our audilorfs report. Use of our report Thls report Is made solely to the company's members, as a body, In accordance wlth secllon 391 of the Companles Act 2014. Our audlt work has bèen undertaken so that we mlght stale to Iha company's members those matters we are requlfed to siato to them In 8n auditor's report and fof no other purpose. To the fullest Èxt8nt permltted by18W, we do not accepl or assume responslbilily to anyonè other than the company and the company's fflembers as a body, for our audit work, for this report. or for th8 opinions we have formed. Dr R I Peters Gallagher OBE FCA (Senlor Slatutory Audltorl for and on behalf of Moore IN.1.) LLP 17 Oclober 2023 Chartered Accountants Statutory Audltor 4th Floor Donegall House 7 Oonegall squa North Belfast BT15G8