INDEPENDENT AUDITOR'S REPORT to the Members of Benedictine Monks Report on thg audit of the flnancial stst•m8nts Oplnlon I have audlted the charity financial statements of Benedlctine Monks I'lhe chariv) for the ffnancial year ended 31 December 2024 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and notes lo the financial slalemenls, including the summary of significant accounting pollcles sel out in note 2. The financial reportlng framework that has been applied in Ih8ir preparatlon Is appllcable law and United Kingdom Accounting Standards, inciuding FRS 102 "The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing thelr accounts in accordan with FRS 102. Irb my opinion, when reporting in accordance wlth a fair presentation framework the financial statements= give a true and fair view of the slate of the charity's affairs as at 31 December 2024 and of its surplus for the financial year then ended., have been propedy prepared In a¢¢ordan¢e with United lfjngdom Generally Acceptad Accounllng Pradl¢e,' and hav& been prepared in ac¢ordance wlth the requirements of the Companles A¢1 2006 and the Chariti85 Aot INorth8rn Ireland) 2008. Basls for oplnlon I conducted my audit in accordance whh Inl8matlonal Standards on Auditing (UK) IISAS IUK}l and applicabl8 law. My responsibilities under those standards are further described in the Auditorfs responsibililles for the audit of the financial slalemenls $8ction of my report. l am independent of the charity in accordance wllh elhlcal requirements that are relevant lo my audit of the financial statam8nls in the UK, including th8 FRC'S Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidenc8 I have oblalned is sufficlenl and appropriate to provlde a b8$is for my oplnlon. Concluslons rèlatlng to golng concgrn In audlllng the financial statements, I have concluded that tho tNstg9s' use of the going concern basls of accounting In the pr8parallon of tho financial slalemenls Is appropriate. 8ased on the work I have performed, I have not Idenllfied any malerlal unoertalntles relallng lo events or condlllons that, Indlvldually or collectivgly, may cast slgniflcanl doubt on the charllls ability to continue as a golng concern for perlod of al least e1ve months from the dale when the finanrAal slalemenls are aulhorlsed for i8sue. My r8sponsibililies and the responsibilllies of thè Iruslees with respect to golng concern are descrlb8d In th8 relevant sections of Ihls report. Oth•r Informatlon The olh&r information comprises the information Sncluded in the annual report other than the financial 51atemenls and my Auditorfs Report Ihereon. The Iru8lees are responsibl8 for the other Information contained wllhln the annual report. My opinlon on the financial slal8m8nls does not cover the other Inforrnalion and. except lo the ext8nl otherwise axplicltly slated in my raport, I do not express any form of assurance conclusion Ihereon. My responsibility is lo read the other information and, lft doing so. considgr whether the olher infomiation is materially Inconsistent with the financial statements or my knOedge oblalned In the course of the audit, or olh&rwise appears lo be malerlally misslaled. If I Identify sueh malerlal Inconslslendes or appar8nl material mlsslalemenls. l am raquired lo determine whether Ihls glves rise to a malarial misslalemenl In the financlal ststemenls themselvès. If. bas8d on the work I have performed, I conclude that there is a material misstatemgnt of this othgr informatson, l am required to report that fact I have nothlng lo rgport in thls regard. Oplnlon on other mattgr proscrlbed by the Companles Act 2006 In my opinion, based on the work undertaken in the course of the audit: the information given in the Twste8s' Annual Report for the financial year for which the financial statements are prepared is conglslent with the financial slalemonts; and the Trustees, Annual Report has been prepared In accordance with applicablelggal requlrements. Matters on which l am required to report by exceptlon In the light of my knoedge and understanding of the charity and its envlronment oblalned In the ¢ourse of the audit, I have not identified material misslalemenls in the Trustees, Annual Report. I have nothing to report in respect of the followlng matters where the Companies Act 2006 requires me to report lo you If, in my oplnion.. adequate accounting records have not been kepL or the financial statements are not in agreement with tha accounting records and retums- or certain disclosures of trustees, remuneration specified by law are not made.. or the trustees were not entitled to prepare the financial slalemen15 in accordance with the small companies regime and take advantage of the small companies, exemption in pParIng the Trustees, Annual Rew)rt.
INDEPENDENT AUDITOR'S REPORT to the Members of Benedictine Monks Responslbllltles of trustees for the financlal statement$ As explained more fully in the Statement of Trustees. Responsibi11118S 581 out on page 8, the trustees are responsible fo¥ the proparalion of the financial statements and for being satisfigd that they give a true and fair view, and for such inlemal control as they determine is necessary to enable the preparation of financial statements that are free from material misslatemenl, whether due lo fraud or error. In preparing the financial statements. th8 trustees are responsible for assessing the charity's ability lo continue as a going cOnrn, disclosing, as applScable, matters related to going concern and using the going concern basis of accounting unless management either Int8nds to Ilquldate the charity or to c8ase operations, or has no realistic alternative but to do so. Audltorf8 responslbllltles for the audlt of tho Ilnanclal $tatomants My objectives are lo oblaln rèasonable a$surance al)out whether the financial slat8menls as a whole are fre8 from material misslalemenl, whether due lo fraud or érror, and to issue an ALJdilor's Report that includes my opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordanc8 With ISAS IUK} will always delect a material misstatement when it exists. Misstatements can arise from fraud or error and are consldered materlal If, Individually OT in the aggrogale, they could reasonably be expected lo Influence the economlc d8clslons of us¢rs tskon on the basis of thes8 financial statements. Irr6gularltles, Includlng fraud, are Instances of non-compliance wlth laws and regulallons. I deslgn procedures In Ilne wllh my responsibilities, outlined above. lo delect material misstatements in respect of irregularities, including fraud. Th8 extent lo which my procedur8s are capable of delecling irregularilias. including fraud 1$ detailed below.. Furthgr Informatlon regardlng the scope of my responslbllltles es audltor As part of an audit in accordance with ISAS IUKI, l exerctse professional judg8m8nt and maintain professional scepticism throughout the audlt. l also.. Idenllfy and assess the risks of malarf81 mlsslalamenl of the financial ststements, whether due lo fraud or error, design and perform audit procedures r8spon8ive to those rlsks, and obtain audit èvidenc8 that is sufficient and appropriate lo provide a basis for my opinion. The risk of not detecting a malertal mlsslatement resulllng from Iroud Is higher than for one resultin9 from error, 88 fraud may involve collusion, forgery, intentional ornissions, misrepr8sentallons, or the override of internal control. Obtain an understandlng of Internal Control relevant to the audit in order lo design audlt procedures tral are approprlale In the drcumslance8, bul not for the purpos8 of èxpresslng an oplnlon on tho gffectlvgng5$ of tho ¢harily'$ internal control. Evaluate the approprlateness of accountlng poll¢l88 used and the r6a$onablone$$ of a¢¢ounllng $$tlmate$ and related disclosures made by trustee8. Conclude on the appropriateness of the trustees, use of the going concem ba81s of accounllng and, based on the audll evldence oblain8d, whether a material uncertainty exists related lo events 01 conditsons that may cast signthcant doubt on the charity's 8bility lo conllnue as a golng concern. If I conclude that a malerfal uncertainty exists. l am required lo draw attention in my Auditorfs Report to the related disclosures in the financial statements or, if such disclosures are Inadequate, to modify my opinion. My conclusions are based on the audlt evldence obtained up to th8 da18 of my Auditorfs Report. However, future events or condlllons may cause the the tharlty lo cease lo continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial Statements reprg$ent the underlying transactions and events in a manner that achieves fair PTesentalion. 10
INDEPENDENT AUDITOR'S REPORT to the Members of Benedictine Monks I communicate with those charged with governance regarding, among other matters, the planned scope and liming of the audlt and significant audit findings, including any s¢gnificant deficiencies in internal control that l identify during my audlt. The purpose of my audlt work and to whom l owo my responsibilities This r8POrt is made solely lo the charity's members, as a body. in aGcordanGe with Chapter 3 of Part 16 of the Companies Act 2006. My audit work has been undertaken so that I mlght state to the charity's members those matters l am required to state to Ihern in an auditorfs report and for no other purpose. To the fullest extent permltted by law. I do not acpt or assume responsibility to anyone other than the charity and the charitys members as a body. for my audit work, ft)r this report, or for the opinions I have formed. Darragh Cott Senior Statutory Audltorl ft)r and on half of DALY PARK & COMPANY LTD Charterod Accountants and Reglster8d Audltors 6 Trevor Hill Newry Co. Down BT34 1DN Northem Ireland 2 Aprll 2025 11