TOWNSEND ENTERPRISE PARK LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TOWNSEND ENTERPRISE PARK LIMITED Opinion We have audited the financial statèmènts of Townsend Enterprise Park Limited (thè 'charity'l for the year ended 31 March 2024 which Mmprise the statement of financial aclivilies, the balance sheet, the statement of cash flows and notes lo the financial slalements. including Sl9nificant accounting policies. The financial reporting framework that has been applied in their preparallon Is applicable law and Unlled Kingdom Accounting Stsndards, Includlng Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK 8nd Republic of Ireland (United Kingdom Generalty Accepted Accountin9 Practlce). In our opinion, the financial slal&m8nts: glve a Irue and fair view ol the Slate of the charilable company's affairs as al 31 March 2024 and of Ils incoming resouiGes and application of resources, indudlng ils In¢ome and expenditure. for the year then ended; have been property prepared In accordance with United Klngdom Gonerally Accepted A(uunllng Practlc8,' and have been prepared In accordance wh the requlrements of the Companles Act 2008. Basls for oplnlon We conducted our audll In accordance wllh Inlemallonal Standards on Audlllng (UK) IISAS (UK)) and appllcable law. Our responslbSlllles under those standards are fvrther described In th8 Audito¢s responsibilities for the audit of th8 accounts section of our report. We are Independent of the charty In acurdance wlth the elhlcal r8qulr8m8nts that are relevant to our audit of th8 accounts In the UK, including Ihe FRC'S Elhlcal Standard, and we have fulfilled our other ethlcal responslbllilies in accordance wilh these requirements. We belleve that the audlt evldence we have oblainèd Is sufficlenl and appropriate lo provide a b8518 for our oplnlon. ConclusSons relatSng to golng concem In auditlng Ihe financial statements, we have concluded that th8 Iruslee$' use of the golng eoncam basis of accounting in the prepafallon of the financlal slalements is approprfat8. Based on the work we have performed. we have not Identified any maledal uncertalnlles relallng to 8V8nls or conditions that, individually or lleCtIVelY, may casl signlficanl doubl on the charity's ability lo continue as a going concom for a poriod of at lea51 tsvelve months from when the financial slalements are authorlsed for Issue. Our responslbSlllles and the responsibilltles of the Iruslees wllh respect lo golng conc8m ara descdbed In the relevant secllon5 of this report. other Informatlon The other Infonnalion ¢omprise$ the Infomiatlon Included In the annual report other than the financlal slalemenls and our auditorfs report thereon. The Iruslees are responsible for the other Information contained within the annual report. Our opinion on the financial statemen15 does not cover the other infomation and, except lo the extent olherwlse explicilty stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibilty is lo read the other information and, in doing so, Consider whether the olher infomiation is malerialty inconsistent with the financial slatements or Ouf knowledge obtalned In th8 course of the audll, or otherwis8 appoars to be malerialty misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required to detem)ine whether this gives rise to a material misstatement in the financial slalements themselves. If, based on the work we have performed. we conclude that there is a malerial mlsslalement of Ihls other information, we are required lo raport that fact. We have nothing to report In Ihls regard. Opinions on other matters prescribed by the Companios Act 2006 In our opinion, based on the work undertaken in the course of our audit: Ihe infomalion given in the Iruslees, report for the financial year for whlch the financlal slalemenls are prepared, which includes the directors, report prepared for the purposes of company law, is consislenl with the financial statements- and the directors. report included wlthin the trustees, report has been ppared 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 are requirod to roport by ox¢gptlon In the light of the knowledge and understanding of the chanty and ils environment obtained In the course of the audit, we have nol Identified material misstatements In the dlreGtors' report included wlthln the trustees. report. We have nothing lo report in respect of the followlng matters in relalion to whlch the Companies Act 2006 requires us to report to you If, In our opinion.. adequate accounting records hav8 not been kept. or retums adequate for our audit have not been rec8lv8d from branches not visiled by us.. or the financial slalemenls are not in agreement with the accountlng records and retums: or certain dlsclosures of Irustees, remuneration speclfied by law a not made,. or we have not received all the infomalion and explanations we requi for our audlt.. or the trustees were nol ontitled lo prepare the financlal statements in accordance wlth the small companiès regime and take advantage of the small companies, exemptions In preparfng ihe trustees, pOrt and Irorn the requir8m8nt to prepare a slraleglc report. Responslblllties of trustèè8 As explained moro fulty in the slalemenl of Iruslees, responslb51111os, th8 trustees, who are also th8 diredors of the charity for the purpose of company law, ar8 responslble for the preparatlon of the financlal statements and for belng 5aUsfled that they glve a true and falr vlew, and for such Inlemal control as the tru51ees delennine is necessary lo enable the preparation of financial statements that are free from material mlsstalement, whether due lo fraud or error. In preparing the financlal slalemenls, the Irusteas are responsible for assesslng the chanty's ability lo continue as a going concern, dlsclosing, as appllcable, matters related to golng concem and using the golng concern ba$is of arxounling unless the 1rusl8es eilh8r Intend to Ilquldal6 tho charitable company or to cease operations. or have no re8llsllc allemative but lo do so. Audltorfs respon$lbllitlos for the aud5t ol th8 Ilnanclal 8tatom•nts Our objective5 are lo obtain reasonabla assurance about whether the financSal statements as a whole are fr80 from material mSsslalemenl, whether due lo fraud or error, and lo Issue an audllorfs report Ihal Includes our opinlon. Reasonable assurance is a high level of assurance but Is not a guarantee that an audll conducled in accordance with ISAS (UK) wlll avayS delècl a material mlsslalemenl when 11 exlsls. Misslalemenls can arf5e from fraud or error and are consldered material if. indlvldually or In the aggregate, they could rèasonabty be expected lo Inlluencè the economlc declslons of users taken on the basls of these financlal Jtatemenls. The exlent to whlch our procedures are capable of delecllng Irregularities, Indudlng fraud, Is detalled below. Explanatlon as to what extent the audit was conslderéd capable of detectlng Irregularltles, Sncluding fraud The objectives of our audrt in respect of fraud. are., lo identify and assess the risks of material misslatemenl of the financial slalemenls due lo fraud., lo oblaln sufficient appropriate audit evidenoe regarding the assessed risks of material misstatement due lo fraud. through designing and implementin9 appropriate responses lo those assessed risk5,' and lo respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responslbilty for the prevention and detectlon of fraud rests with both rnanagemenl and those charged wlth govemance of the charitablè company. Our approach was as follows: We obtained an undetslandlng of the legal and regulatory requiremen15 appliGable lo the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2008, the Charity SORP. and UK financial reportin9 slandaids as issued by the Finanrial Reporting Council We obtained an understsnding of how the charitable company complies wtlh these requirements by disGus5ions with management and those charged with governance. We assessed the risk of material misstatement of the financlal statements, including the risk of material misstatement due lo fraud and how it mlghl occur, by holding discussions with management and those charged with 9ovemance.
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 wtth ISAS (UK) we exercise professional judgement and maintain professional scepiicism throughout the audit. We also.. Identify and assess Ihe risks of material misstalemenl of the finan¢lal slalements. whether due to fraud or error. design and perfomi audit procedure5 responslve to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our oplnion. The risk of not detecting a material misslalemenl resultlng from fraud is higher than for one resulting from error, as fraud may invOe collusion. forgery. inlenlional omlsslons, misrepresentation5. or the override of intemal control. Obtain an understanding of internal control relevant to the audit in order lo deslgn audlt procedures that are appropriate in the circumstances, but not for the purposes of expressing an oplnlon on thè effectiveness of the charitable Company's intemal control. Evaluate the approprtateness of accountlng policles used and the reasonableness of accoUnn9 68limal6s and related disclosures made by the Iruslees. Conclude on the appropriateness of the tnislees, use of the golng concern basls of accounting and. based on thè audit evidence obtained, whether a matérial uncertalnty exists related to events or condillons that may cast slgntficanl doubl on the charllable ¢ompany'$ abllity lo continue as a 90in9 concern. If we conclude that a material uncertainty exlsls, we are required to draw attention in our audllor's report lo the related dlsclosures in the financlal slalements or, if such dlsclosures are Inadequate, to modlfy our opinion. Our concluslons are based on the audit 8vidence obtained up to the dale of our auditor's report. However, future events or conditions may cause the charitable company to cease lo contlnu8 as a going concern. Evaluate the overall presenlallon, SINUre and content of the financlal statements, Includlng the dlsclosures, and whether the financlal statements represent the undertylng transactlons and events In a manner Ihat achieves tdir presentation. We communicate wtth those charged with govemanc8 r8gafding. among other matters, the planned scope and limSng of the audll and si9nlfic4nl audit findings, Includlng any slgnlficant dgficignci95 in Internal control that we Identify during our audrt. A further descrlption of our responsibilities Is avallable on the Flnan¢lal Reporting Councll's web8tte at: http8'.11 www.frc.org.uklaudllorsresponslbllllles. This descripllon forns part of our audlloffs r8POrt. Use ol our report This report is made solety lo the company's members. as a body, in accordance wllh section 391 of the Companie5 Act 2014. Our audit work has been undertaken so Ihal we mlghl slate lo the company's members those matters we are required lo slate to them in an auditors report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume respon5ibllrty to anyone other Ih8n the company and the company's mombeTs as body. for our audit work, for this report, or for the oplnlons we have fomied. , g.fkn4JW Dr R I Peters Gallagher 08e FCA Isenlorstatutory Audltor) for and on behalf of Moore (N.l.I LLP 21 November 2024 hartered Accountants Statutory Auditor 4th Floor Donegall House 7 Donegall Square North Belfast BT15GB