E-sign ID= 8b9264ba.8554.4cfg-b1cb-22593b35b6ba The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2023 Opinion We have audited the financial Statements of The Friends of Assis1 Animal Sanctuary for the year ended 31 December 2023 which comprise of the Slalement of Financial Activities (including Income and Expenditure Account), the Balance Sheet, the Cashflow Slalement and notes to the financial statements, including significant accounting policies The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally ACpIed Accounting Practice). In our opinion the financial statements". give a true and fair view of the state of the charitable company'5 affairs as al 31 December 2023, and of its incoming resources and applicab'on of resources, including its income and expendilijre, for the year then ended, have been properly prepared in accordanc8 Wlth United Kingdom Generally Accepted Accounting Practice, and have been prepad in accordance with the requirements of the Companies Act 2006. Ba$1$ for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that a relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statement5, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfotmed. we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of thi5 report. Other informatlon The other information comprises the information included in the Iruslees annual report. other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility Is to read the other information and, in doing 50, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such rnalerial inconsistencies or apparent material misstatements, we are required to determine whether this gives rise lo a rnaterial misslalemenl In the financial statements themselves. If, based on the work we have performed: we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 13
E-sign ID.. 8b9264ba-8554.4cfe.b1cb-22593b35b6ba The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2023 As part of an audit in accordance with ISAS {UKI. we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error. design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misslalement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations. or the override of internal control. Obtain an understanding of Intemal control relevant to the audit in order to design audit prOdureS that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting 8nd. based on the audit evidence obtained, whether a material uncertainly exists related to events or conditions that may cast significant doubl on the charitable company's ability to continue a5 a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report lo the related disclosvres in the financial statements or, if such disdosures are inadequate, to modify our opiriion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's raport. However. future events or conditions may cause the charitable company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial Statements, including the disclosures. and whether the financial statements represent the undedying transactions and events in manner that achieves fair presentation li.e. gives a true and fair v1ewl. We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might slate to the charitable company's members those matters we are required to stale to them in an auditor's report and lor no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees a5 a body, for our audit work, for this report, or for the opinions we have fomied. K Smyth 2910512024 14..55.'58 KYRAN SMYTH (Senior Statutory Auditor) For and on behalf of KPS Chartered Accountsnts Chartered Accountant5 & Statutory Auditor 35 Irish Street Downpalrick Co Down BT30 6BW Date.. 29 May 2024 15
E.Sign ID.. 8b9264ba-8s54-4cla.b1eb-2259sbb6ba The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2023 Opinions on other matters prescribed by tho Companies Act 2006 In our opinion, based on the work undertaken in the eourse of the audit.. the information given in the trustees, report lincorporaling the direclor5' report) for the financial year for which the financial statements a prepared is consislenl with the financial slatemenls., and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation lo which the Companies Act 2008 require5 us to report lo you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us", or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of directors, remuneration specified by law are not made., or we have not received 211 the information and explanations we require for our audit Responslblllties of trustges As explained more fully in the trustees, responsibilities Statement set out on page S, the trustees (who are also the directors of the charitable company for the purposes of company law} are responsible for the preparation of the rinancial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continue as a going ¢oncem, disclosing, as applicable, matters related lo going concem and using the going Concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease operab'ons. or have no realistic alternative but to do so. Auditor's responsibilitles lor the audlt of the finan¢lal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will alway5 detect a material rnisslalemenl when il exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of user5 taken on the basis of these financial statements. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The exlenl lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. Discussions with management. including consideration of known or Suspected instances of non- compliance with laws and regulations and fraud., Identifying and reviewing significant manual journal entries., Evaluating, and where appropriate. challenging assumptions and judgements made by management in making significant accounting estimates. Because of the inherent limitation5 of an audit, there is a risk that we will not detect all irregularities. including those leading to a material misstatement in the financial slalements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is rernoved from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than orror, as fraud involves intentional Goncealment, forgery. collusion. omission or misrepresentation. 14