MOURNE HERITAGE TRUST-THE (A company limited by guarantee) INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE MOURNE HERITAGE TRUST Opinion We have audited the financial statemenls of The Mourne Heritage TAJSt (the 'charitable company'} for the year ended 31 March 2024, which comprise the Slalemenl of financial activities, Ihe balance sheet, the statement of cash flows and the related notes, inclLtding a summary of significant accounting policies. The financial reporling 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 Accepted Accounting Practice) and The Charities Statement of Recommended Practice (Charities SORP IFRS1021 second edition January 20191. In our opinion the financial statements.. give a true and fair view of the state of Ihe charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice,, 8nd have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing {UKI IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilitl8s for the audit of the flnancial Statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Cauncil'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. Concluslons relating to going concern In auditing the financial slalements, we have concluded that the Directors, use of the going concern basis of accounting in the preparation of the financial stalements is appropriale. Based on the work we have performed, we have not identified any rn8teri81 uncertainties re181ing to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continua as a going concern for a period of at 18ast twelve monlhs from when the finanGlal stalements are authorised for issue. Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevanl sections of this report. Olher Information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The Directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover tho other informalion and, except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or olhemise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise lo a material misstatement in the financial slatements themselves. If, based on Ihe work we have performed, we conclude that there is a material misstalement of this olher information, we are required to report that fact. We have nothing to report in this regard. 10
MOURNE HERITAGE TRUST- THE (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MOURNE HERITAGE TRUST (CONTINUED) Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Directors Report for the financial year for which the financial statements are prepared is consistent with the financial statements.. and The Director's Report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of our knowledge and understanding of the charilable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors, report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequat8 accounting records have not been kept, or returns ad@quat8 for our audil have not b88n received from branches not visileé 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 all the information and explanations we require for our audit. the Directors w8r8 not 8ntit18d to take advantage of the small companies, exemption from the requirement to pr8par8 a Strategic Report. Responslbllltles of Trustees As explained more fully in the E)irectors' responsibilities statement, the Trustees (who are also the Directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements Ihat are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters relaled to going concern and using the going concern basis of accounting unless th& Directors eilher intend lo liquidate the charitable company or lo cease operations, or have no realistic alternative bul to do so. Auditors. responslbllltles for the audit of the financial statements Our objectlV8s are to obtain reasonable assurance about whethgr tha financial staternents as a whole are free from material misstatement, whether due to fraud or error, and to issuè an auditors, rèport 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 {UK} will always delect a material misstatement when it 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 users taken on the basis of these financia statements. Irregularities, inclLtding 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 extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows..
MOURNE HERITAGE TRUST- THE {A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE MOURNE HERITAGE TRUST (CONTINUED) Auditor's responsibilities for the audit of the financial statements (continued) The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities, and skills to identify or recognise non-compliance with applicable laws and regulations. As pari of the audit in accordance with ISAS (UK) we exercised professional judgement and maintained professional sceplicism throughout the audit. We identified the laws and regulations applicable to the company through discussions with Directors and other managemgnt, and from our commercial knowledge and experience of the S8Gtor and we focused on Specific laws and regulations which we considèred may have a dir6Ct material effect on the financial statements or the operations of the company, including the Companies Act 2006, the Charities Act (Northern Ireland) 2022, Wildlife and Natural Environment Act (Northern Ir2landl 2011, taxation legislation and Data Protection Act 2018, anti-bribery, employment. environmental and health and safety legislation. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud rnighl occur. by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected, and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with 18ws and regulations. We obtained an understanding of internal controls relevant to the audit in order lo design audit procedures that were appropriate in the Circumstances but not for the purpose of expressing an opinion of the effectiveness of the Company's internal controls. To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identlfy any unusual or unexp8Cted relationships., tested journal entries to identify unusual transactions,. evaluated the appropriateness of accounting policies used, includlng managements, use of the going concern basis of accounting, and the reasonableness of accounting estimates and related disclosures made by management. and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included but were not limited to agreeing financial staternenl disclosures to underlying supporting documentation,. reading the minutes of meetings of those charged with governance,. and enquiring of management as to actual and potential liligalion and claims. Because of the inherent limltatlons of an audit, there is a risk that w@ will not detect all irregularities, Including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regLtlation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities O¢Gurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion. omission, or misrepresentation. A further description of our responsibilities for Ihe audit of the financial statements is located on Ihe Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditors, repori. 12
MOURNE HERITAGE TRUST- THE (A company Ilmited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE MOURNE HERITAGE TRUST (CONTINUED) Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Parl 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charitable company's members those matters we are required to state lo them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do nol accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinion we have formed. Scolt Mccullough FCA (Senior Slalulory Auditor) For and on behalf of UHY Hacker Young Fitch Limited Chartered Accountants and Statutory Auditors Suite 2.06 Custom House Custom House Square Belfast BT13ET Date.. UHY Hacker Young Fitch Limited are eligible to act as auditors in terms of section 1212 of Companies Act 2006. 13