Thomiu l)oran Porkanaur TrK%t Ac¢ountsfor theye47r ended 31 March 2023 Page 8 Report of the independent auditors to the members of Thomas Doran Parkanaur Trust Opinioll We havc auditcd the accounts of Thomas Dorall Parkanaur Trust for the year end&1 31 March 2023 which comprise th¢ statement of fillancial activiti&8, the balanc¢ sh¢¢t and the rclatcd notes. These fmancial 8tat¢m¢nts hav¢ pr¢parcd under the accounting policies set out the1]L The financial reporting framewo that has been appli in their prqmration is applicable law and Unit¢d Kingdom Accounting Standards including Financial Reporting Standard 102 'Tr Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland" (Unitcd Kingdom Generally Accepted Accoullting Practice). tn our opinion the accounts: givc a true and fair vi¢w of th¢ state of thc charity's affairs as at 31 March 2023 and of its incoming resources and application of r¢6ources. including its income atd pendItUre. for the year then bave been properly preparnl in accorda¢ with Unit1 Kingdom Generally Acccptcd Accounting have been prared in accoTdance with the requirernent8 of th¢ ChaTiti¢s Act (NortlLern Jreland) 2008. BRsis of opillion W¢ Conduct our audit in accordance with tnternational Standanls on Auditing (UK) (ISAS (UK)) and applioable law. Our r&sponsibilitics und¢r those stalldards are fLher de8cnl)ed in the Auditors, responsibilities for the audit of the accounts section of our report. We are Indepdellt of the charity in acconlance with the ethical requirements that ar¢ relevant to our audit of the acLounts in the UK, including the FRC'S Ethical Standard and w¢ hav¢ fulfilled our ethical responsibiliti&8 ill accorda with these requirements. We believe that the audit ¢vidence we have obtsined is sufficient and approprlate to provide a basis for our opinion. ConcIu$ions relating to going con¢ern W¢ hav¢ nothing to r¢port in rcspcct of the following matters in rdation lo wbich the ISAS (UK) wuire us to report to you where: the truste. 8e of the going concun basis of accounting in the preparation of the accounts is not appropriate. or the trustees have not disclosed in the accounts any identified material unc¢rtainti¢s that rnay east significant doubt about the charities ability to continuc to adopt the going concern basis of accounting for a p10d of at least twelve months from the date when the ac£ouots arc authorisd for 18sue, ASM
ThornasDorun Trusi Aeeountsfor iheyear ended 31 March 2023 Page 9 Report of the independent auditors to the members of Thomas Dorall Parkanaur Trust (cont'd) Other Informatlon Th¢ other inforniation ¢ompriw th¢ iDformation included in the tntees, report and accounts, other than the acci)unts and our auditors, r¢port thero)n. The iThte&s are responsible for the other infonnation. Our opinion on the account% do&s not cover tbe other inforn]ation and, except to the extent otherwise explicidy Stated in our report, we do not ¢xpr¢ss any form of assurance conclusion thereon. In connection with our audit of the accounts, our r&sponsibility is to T¢ad th¢ other infonnation and, in doing so. Consid whether the otber inforntIon is materially inconsistent with the accounts or our knowledge obtaineAI in the audit or otherwise appears to be materially misstat¢d. If wc identty such mal¢rial inconsist¢nci¢s or appar¢nt matcrial misstatements, we are requiral to deterniine whether th¢r¢ is a material misstatement in the accounts or a material misstatement of the other ioatIO If, bas¢d on the work we have perfornied, we wwlude that there is a material n]i&8tatement of this other infornmtion wc are r¢quiT¢d to rwort that facL We have nothing to report in this regard. Opinion on other matters prescribed by the Companles Aet 2006 In our Opinio bas¢d on th¢ work Und¢en in the course of our audit, the infornydtion given in th¢ i]stees' rq)ort for the fll]ancial year for which the accoullts are prepared is consist¢nt with thc accounts and has b¢¢n prepared in accordanc¢ with the applicabl¢ Icgal requircmcnts. In the light of the knowlojge and understanding of the company and its environment obtained in the course of tlLe audit we have not identified any material rnisstat¢Ln¢nts in the trustc¢s' report. Matters on whieh we are required to report by exceptlon We have nothing to report in rtspect of the following matter8 where the Companies Act 2006 rewires US to report to you if, in our opinion: adequate aOuntIng records have not been kept; or r¢turns adcquatc for our audit havc not bccn rcccivcd from brallcbes not visitcd by us; or the accouuts are not in agreement with the accounting rccords and rdums. or certain disclosures of truste¢s' rUlleratiOn specifial by law are not made. or we have not rccciv¢d all the infonnation and explanations we rquire for our audit. ASM
Thomas J)ornn Parkanaur Trust Accountsfortheyear ended 31 Mareh 2023 Page 10 Report of the independent auditors to the members of Thomas Doran Parkanaur Trust {cont'd) Respective responsibilities of trustees As explained more llY in the tDJste, restx)n8ibiliti¢s statejnent set out on page 5, th¢ trte are r¢sponsibl¢ for the preparntion of the accounts and for b¢ing satisfid that they give a trne and fair view, and for such intemal control as the trust8 deterne is necessary to ¢nable the preparation of accounts that are free from material misstatement. whether due lo frdud or ¢rn)r. In preparing th¢ acwuuts, th¢ tt8 ar¢ r¢spon8ible for asse&8ing the clmrity's ability to continu¢ as a going concery disclosi as applicable, matters related to going concern and using th¢ going concem basis of accounting unless the truste¢s cith¢r intead to liquidatc tbc company or to cease operations, or havc no realistic alternative but to do so. AudAton' responsibi]ities for the audit of the finaneial statements Our objectiv&8 are to obtain reasonable assurance about whdlw th¢ accounts as a whole are free from nwtthial misstatancnt, wh¢th¢r duc to fraud or error. and to issue an auditors. report that includes our opinioL Reasonable a&surance is a high level of assuranc4 but is not a guarantee that an au(lit conducted in ac£ordallce with ISAS (UK) will always detect a nterIal misstatem¢nt when it exists. Misstatements can ar&se from fraud or ¢rror and ar¢ considered material if, individually or in the aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these fmancial statements. Irregularities, including fraud, ar¢ instances of non-compliance with laws &nd regulations. W¢ de8ign procedures in lille with our responsibilities, outlined alx)ve, to detect terIal n]isstat¢mcnts in respect of IgUlarIticS, iludIng fraud. Th¢ cxt¢nt to wbicb our procllr &re capable of detwting irregularities, including fraud is detailed below: W¢ gained an understanding of the legal and regulatory frarnewo& applicable to the Company and the itllSty in which they operate and CODsidrnl the risk of acts by th¢ Company that were contrary to appliable law and r¢gulati0Th8, including fraud. We considered the oprtUnItieS and incentives that may exist within the Company for fi7ud and identified the greatest potential for fraud in tbc following areas: mismanagem¢nt of paym¢nts, Stillg of unusual journals together with complex transactions, rcvcnuc rccognition atLd subjectivity of valuations used for land and buil(Ill8. We designed audit procedures to r¢8pond to th¢se risks, recognising that the risk of not detecting a material misstatement due to fraud is bigher than the risk of not detecting one resulting from error, as fraud tnay involve deliberate concealment by. for exampl4 forgery or intcntional Kllisrq)r&qentations, or through collusion. audit procedures included: enquires of management alx)ut their own identification and assessment of risks of irregularitics. Specific tests of detail over paymcnts, sample testing of journals sted during the Yr, VlfyIng the underlying a&%Lllnptions adopted for the property Faluations, specifjc lests of detail over revenue recognition and a review of areas of judgcmcnt for indicators of management bias to addr&8s th¢ risks. ASM
Thomas Doran Purkanaur TnLSt Aeeollntsfor theyear ended 31 Mareh 2023 Page 11 Report of the independent auditors to the members of Thomas Doran Parkanaur Trust (cont'd) Auditors. rponsIbIlitieS for the aDdit of the fmancial statements (cont?d) Because of the illberent limitations of an audit. there is a risk that w¢ will not d¢tcct all irregulariti, illcluding th08¢ leading to a material misstatemcnt in the financial statements or non-compliance with regulation. This risk increases th¢ more that comp]iance with a law or regulation is remov from the eVts and transactions reflected in th¢ financial statcmcnts, as we will be 1&8s likely to bOrne aware of instanccs of lloll-COtnplianc¢. The risk is also gr¢at¢r regarding irregularities occuffing due to fraud rather than error, as fraud involves intentional concthenl foTgery. collusioffj ornission or misrepresentation. A furtber description of our sponsIbl11tieS for audit of the financial statemfflts is located on th Financial Rq)orting Council's wcbsitc at: www.frc.or .uklauditOTsre n8ibiliti¢s. This description fonns part of our Auditors, rctM)rt. This rcport is mad¢ sol¢ly to th¢ CoMpanS m¢Dth¢rs. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work h&g been Undertak so that we migbt State to thc company's members those tnatters we are requircd to stat¢ to than in an auditors, r4)ort and for no other purpose. To the full&qt extcnt pern)itted by law, w¢ do not or assum¢ responsibility to anyone other than the company and the company's membtts as a ix)dy, for our audit work, for thi8 report, or for the OPiDiolls we bave fornie 35.( )) Itj ASM (D) Ltd Ckartered Accountants Re Auditors Dun£anno 3 October 2023