DERRY DIOCESAN TRUST INDEPENDENT AUDITOR'S REPORT TO THE CORPORATE TRUSTEE OF DERRY DIOCESAN TRUST Oplnlon We have audiled the financial statements of Dery Diocesan Trust (the 'charity') for the year ended 31 Dember 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial slat8ments, including a summary of 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 Stsndard 102 The Financial Reporting Standard applicable in the UK and R8public of Ireland (United Kingdom G8n6rallyAccepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of th8 charity's affairs as at 31 December 2023 and of its incoming resources and application of resources, for the yéar then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practice., and have be8n prepared in accordance with the requirements of th8 The Charities Act (Northern Ir81and) 2008. Basls for oplnlon We conducted our audit in accordance with Intèrnational Standards on Auditing (UK} (ISAS IUKI) and applicabl8 law. Our responsibilit185 under those standards arg further described in th8 Auditorfs responsibilitios for the audit of the finanGial statem9nts section of our r6POrt. We are independent of th8 charity in accordance with tha 8thi¢al requirements that are relevant to our audil of the financial statem8nts in the UK, including the FRC'S Ethical Standard, and w8 have fulfilled our oth8r 8thi¢al responsibilities in accordan¢e with these requirements. W6 b61i&ve that the audit 8vlden¢e we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu81ons rolatlng to golng concorn In auditing thè financial statem8nts, we have concluded that lh8 Corporate Trustee's use of the going conc8m basls of accounting In the preparation of th8 financial Statements is appropriate. Based on the work we have performed, we have not identified any material uncertalnties relating to events or onditions that, individually or collectiV8ly. may casl significant doubt on th8 charity's ability lo continue as a going concern for a period of at least Iwolve months from when the financial slat8m8nls are authorised for issue. Our responsibilities and the responsibilitles of the Corporate Truslee with respect to going concern are described in the relevant sections of this report. Other Informatlon Th8 othgr information comprises tha information included in tho annual report other than the fin8noial statements and our aLtditor's report thereon. Thè Corporate Trustee 8re responsible for th8 Other infomiation contained within the annual report. Our opinion on the financial ststemenls does not cover the other information and we do not express any fonTt of assurance conclusion thereon. Our responsibility Is to read the other information and, in doing so. consider whether th8 Other Infomation is materially inconsist6nt with the financial statements or our knowledg8 obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo d8termine whether this gives rise to a material misstaternent in the financial statements themselves. If, based on the work we have perfomied, we onclude that there is 8 material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Matters on whlch we are required to rnport by exception We have nothing to report in respect of Ihe following mattars in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion: the information given in tha financial statements is inconsistent in any material respact with the Corporale Trustee's report., or sufficient accounting records have not b68n kept. or the financial statements are not in agreement with Ihe accounting records-, or we havè not received all the infomiation and explanations we raquire for our audit. 13-
DERRY DIOCESAN TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE CORPORATE TRUSTEE OF DERRY DIOCESAN TRUST Responsibilities of Corporate Truste8 As explained more fvlly in the statement of Trustees, responsibilities, the Corporate Trustee are responsible for the preparalion of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Corporate Trustee determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial stalem6nts, the Corporate Trustee aré responsible for assessing the charily's ability to continue as a going concern, disclosing, as applicable, matters related to going concarn and using the going concern basis of accounting unless the Corporate Trustee either intends to cease operations, or have no realistic altemative but to do so. Auditorfs r6spon8ibilitles for the audlt of the flnanclal statements We hav8 been appointed as audltor under section 65(21 of the Charities Act {Northem Ireland) 2008 and report om accordance with the Act and relevant regulations made or havlng effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whol8 are free from material misstatement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high18V81 of assurance, but is not a guarant6e that an audit conducted in accordan with ISAS (UK) will always detect a material misstatement when it 8xists. Misstatements can arise from fraud or error and are considered rnalerial if. individually or in the aggregate, they could reasonably be expected to influence the economic d8¢isions of users taken on the basis of these financial stat8m8nts. The extent lo which our procedures are capable of detecling irr8gularities, including fraud, is detailed below. Extant to whlch the audlt was consldered capable of detèctlng Irregularltles, Includlng fraud The objectives of our audll In respect of fraud, ar8; to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks,. and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the provention and detection of fraud rests wilh both management and those charged with governanc8 of the charity. Bas8d on our understanding of the charlty and its operating environment, we determined that the most significant frameworks which have a dir8Ct impact on the preparation of the financial stat8ments are those tated lo the reporting framework, (FRS 102, the Charities Act (Northern Ireland} 2008, The Charities (Accounls and Reports) Regulations (Northern Ireland) 2015, and the Charity SORPI. Compliance with th8S8 laws and regulations was assessed as part of our procedures. Other laws and regulations of which non-compliance may have a material effect on the financial stat8m8nts, e.g. through fines or litigation, were id8ntified as regulations in relation to employment law and regulations in relation to holding charitable status with th8 Charity Commi5si0n for Northern Ireland. Our requir8d procedures in these areas are limited lo inquiry of truslees and other management and inspection of any regulatory or legal correspondence. These limited procedures did not identify any actual or suspected non-compliance. We assessed th8 susceplibilily of the charity's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage or influence the reported resulls. From the results of our assessment, we determin8d thal the principal risks of fraud relale to posling inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed by the donor. In common with all audits under ISAS (UKI, w8 are rèquired to perfomi specific procedures to respond to the risk of management override. 14-
DERRY DIOCESAN TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE CORPORATE TRUSTEE OF DERRY DIOCESAN TRUST Audit rasponsè to risks identlflèd As part of an audit in accordance with ISAS {UK) we exercise professional judgement and maintain professional scepticism throughout the audit. Audit procedures perfomied by the engagement team included.. We obtained an understanding of the charitable company's intemal control systems in order to design audit procedures that are appropriate in the circumslances, but not for the purposes of expressing an opinion on the effectiveness of the charity's internal Gontrol. We obtained an understanding of how the charity complies with rèlevant laws and regulations, including those as a result of ils registration with the Charity Commission for Northern Ireland and charitable status wilh HM Revenue & Customs, by making enquiries of management and those Gharged with governance. Enquiry of management, those chargéd with governance and the entity's solicitors around actual and polential litigation and Gl8ims. Enquiry of entity staff to identify any instancas of non-complianc6 with laws and regulations. Performing analytical procedures to identify any unusual or un8xpected relationships that may indicate risks of material misstatement due to fraud R6viewing minutes of meetings of those charged with govemanc8 R8viewing financial statement disclosures and testlng to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of managem8nl override of controls, including ihrough testing joumal entries and other adjustmants for appropriateness, and evaluating the business rationale of significant transactions that are unusual or outside th8 normal course of business. Auditing the risk of us@ of ¢harity funds outside of r8Strl¢tlons irnposed by the donor by revlew of funding 18tlers of offer to identify restrictions, and r6Vl8w of fvndlng claims prepar8d by management to check compliance with restrictions. We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained a16rt to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions r&fl8Cted in the financial statements, th8 less likely we would become aware of it. Also, the risk of not detecting a material mlsst8tement due to fraud is high8r than the risk of not d&teGling one r8sulting from error, as fraud may involve deliberate conc8almenl through Gollusion, forg8ry, intentional omissions, misrepresentations or th8 override of internal control. A furth8r description of our r8sponsibillties is available on the Financlal Reporting Council's websit8 at: https'.11 www.frc.org.ukJauditorsresponsibllilles. This description forms part of our auditor's report. Use of our r8POrt This report is made solely to the charity's tru51ees, as a body, in accordance with part 4 of the Charities {Accounls and R6ports) Regulations INorthem Ireland) 2015. Our audit work has been undertaken so that we might stale lo the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemiitt8d by law, we do not accept or assume r8sponsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, forthis report, or for the opinlons we have formed. John Bradley (Senior Statulory Audltor) for and on behalf of Moore (Nl) LLP 28 June 2024 Chartered Accountsnts Statutory Audltor 21123 Clarendon Street DerrylLondondery BT48 7EP Moore INI) LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 15-