tktusign Enveh)pe ID". C400E33>DFOE4774-B9BF402A7FF3D4C3 St Patrick's Archdiocesan Trust Limited IN'DEPENDEYT AUDITOR'S REPORT TO THE NIEIIBERS OF ST PATRICK'S ARCHDIOCESAY TRLIST LThIJTED FOR THE YEAR EIYDED 31 .IIARCH 2023 Opinion We have audited the financial stateinents of Si Pairick's Archdiocesan Trust Liniilcd I'the cliarilablc company,) for the year ended 31 MaTclI 2023 w,hich comprisc the Sialcmcnt of Fittancial Activities. (he Balance Slieei. the St8lement of Cash Flow.s and ihe related noles to tlie financial slatenients, includinu a 8uinniary of significani accouniing policies. The financial reportinu frameivork tl)at has beeii applicd in Ilieir preparation is applicable law and Llniied Kinodom Accounlino Siandard5. ill¥luding FRS I O? 'The Financial Reporting Siandard applicable in the UK and Repllblie of liElaMd" Iunited Kiiigdoni Generally Accepled Accounlino Praciice}. In our oprnion the financial stalenienls- give a Intc and fair vieiv of lh¢ 51ale of ihe ¢harilablt company's dffair5 as dt 31 March ?02.3 anil of ils lolal inconiino rOurCeS aiid c.xpendilurc of Icsouiccs, including 518 ITicoiiie and expciidi¢ure, for the year ihen ended; have beeii properlv PTeparcd in accordanee wilh United Kingdom Generally Accq)ied Accounting Praciice- and hai.e bLcn prcparcd in accoTdancc iviih Ihc rcquircmcnis of ihe Companics Act 2006. Ba515 for opinion We conducted our audit In <iccordancc 'Ith Intcmalional Standards on Auditii]o (UK) IISAS (UK)) aiid applicable law. Our responsibilities under ihose %landards are fvnher described in Ihe AuditoV5 responsibilities for ihe audit of the financial £taiernenl% section of our report. We are independent of ihe coi)Ipany in accord]ce with cthical rcquircincnls ihat arc relcvaiil to our audit of thc financial 5tatClT]eiit5 in the UK, including the FRC'S Etliical SEandard. and li'e hai'e fulfilled our oil)er eihical responsibilities in aLcordance Kviih these requirements. We beliei.e Ihai Ihe audil ei"idence M'e l)ai'e obtained is suifiLieni and appropriate io proi'ide a basis for our opinion. Conclusions relatinu to ooillg concern Wc havc nothing lo rcport in iespecl of the following maiicrs in relalion lo whicl) JSAS (UK) require us to repon lo you ivere.. the Trustees. use of the going concern basis of accounting in (hc preparnlion of ihe financial siaiemenls is nol appropriatc= or the Trus¢e¢s hai"e noi disclosed in the fiiiancial statcniinls any idcntifiud material uiicertainlies that may cast significani doubt aboul Ihe charilable company's abilily to contiiiuc lo adopt the going coiicern basis of accounting for a period of ai le&st e1ve Inontlis froin thc datc when the fiiiaiicial statements are auihorised for issue.
DoGuSigll Envebpelo.. C40oEDFOE477d¥B9BF-Eo2A7FF3D4C3 St Patrick's Archdiocesan Trust Limited INDEPEN'DEP4'T .4UDITOR'S REPORT TO THE {ElBERs OF ST PATRICK'S .4RCHDIOCESAN TRUST LIJIITED FOR THE YEAR ENDED 31 .IIARCH 2023 Continued Othcr Information The Trustees are responsible for the other infumiation. The oiher inforniation coinprises ihe iiifornialion iiicliidcd in the DirLCtors' Report and the Siraic(Jic Rcport. oiher Ihan ihe financial siaifftneiils and our Auditor's Rcport thereon. Our opinion on Ihe financial s13tements does nol Coer the oilier inforii)alion nd, except to the extenl otherwise explicitly stated in our report. we do not exp55 anj form of a55urdnLe cuiiclu5ion Ihereon. Ii) comieelion with our audit of the fsnancial slatemcnls, OUT r¢sponsibiliry is lo lead the o(Iier informalioii and, in doinu so. consider whcther ihe other infornia(iun is materially inconsisleni with the financial stalements. or our know,ledoe obtained in the audit: or otherwise appcars to be n)alerially Inisstated. If we idcntifv iuch Inalerial inconsistencies or appatcnt malerial misslalenienis, WL. are required lo delerniine .hetlier there is a nialerial misstalement in the financial statenienis or a nialerial mi55taten)enl of the other iiiforniation. It, based on the i¥ork Mie have p¢rfotmtd, Ive conclude tlia( Iheie 15 a niaterial niissialeiiienl of this other infomialion, we are required lo repott Iliat fact. We have noihin¥ lo rLPOrt in this regard. Opinions on other matters prescribed bv the Companies Act 2006 In our opinion. bas¢d on Ihe work undertaken in ihe course of the audit- tlic infoimatioii giveii iii thc Directors. Report and the Siratcgic Report for the financial year for iyhich the finanLldl slatemenls are prepare(f is consisieni iviih the linan¢ial slaienients.. and the Direeiors, Reporl and the Strategic Report has been prepared in accordancL Wtth applicablc legal requirements. ,Ilattcrs on ivhich li'e are required to report by exception In ihe light of our knowledge and undersianding of ihe charilablc company and its environment obtained in tlie course of Ihe audii. we have not idenlified maiertal mi851dlcTnents in the Directors. Rep(irt or Strategic Report. We have nothing lo report in respecl of ihc following matlers in relation to which the Companies Act ?006 requiies us lo report to you if. in our opiTJion= dcquaie aLcounting records have not been kept. or return5 adequate for our audit have noi bcen receivcd from brancl)es not lS11ed b), us- or Ihc linancial slalemenis are not in agreenieni u'iih ihe accounling records and returns- or ccrlain disclosuics of Dircciots, rcmunetaiion specifjcd by law arc not madc,. or we have not rcceived all the inforniation and explanations ive require for our audit,. Responsibilities of Trustee As explained more fully in the Trustee's Re5POnsibilities Statement. the Trustee is responsible for the prepiiration of the financial siaicmcnts and for being satisfied ihat Ihey give a true and fair i'iew. and for such internal conlrol as the Tn]siee deiemiti)e is necessary io enable ihe PTeparnlion of financial statenieiits that are fvee Irom material missialement, Ivhether due lo fraud or error. In prcparin%Y (he finanLial slaiemcnis: Ihe Trusiee is responsible for assessino ihe coiiipany's abilily (O continue a5 a uoing concem. disclosing.. as applicable. niatters related 10 goino coiicern and usinsT Ihe goin{F concern basis of accouniing uiil¢s% the Trusiee either in(eiids io liquidaie (he cliarilablc compans. or to ceas¢ operations: or has no realistic alternative bul to do so.
0sign Envelope ID. C41>0E333-DFOE4774-BgBF-E02A7FF304C3 St Patrick's Archdiocesan Trust Limited INDEPEf4DENT AUDITOR'S KEPORT TO THE MEMBERS OF ST PATRICK'S ARCHDIOCESAN TRUST LINIITED FOR THE YEAR ENDED 31 NIARCH 2023 Continued Auditor's re5pon5ibilities for the audit of the financial st2ten?ents Our objectives are to obtain reasonable assurance about whetheT thc financial statetncnts a5 a h0]e are free from inaterial misstatement. whether due to fraud or error. and to issue an Auditor's Rcport ihat includes our opinion. Reasonable assurdnce is a high lei'el of assurance bui is noi a gTuaranlee tlial an audit coiiducted in accordance witli ISAS (UK) will alii'ays deiecl a material nii&staiemenl wheii it exists. Misstaieiiivl)ts can art5e froin fraud or ern)r and are considered nialerial if. Indii'idually or Iii aggrCaIe. they could reasonably be expected lo influence Ihe economic decisions of users laken on the basis of (hese financial slatemenls. Eiplanation as to i*hat extent the audit iTras eonsidered eapable of detecting irregularities, including rraud rregularities. includinu Itaud. are ins(anccs of non-cornpliance iN'ith I3.S and rcgulalions. The obje¢(ives of our aLidil in respccl of fraud are to ag5css Ihe risk of Inaierial missialeiiitiii due 10 fraud. desi(rn and iinplenient appropi-iate responses to those assessed risks and to respond appropriaiely to inslances of Iraud or suspected fraud idenlified during the course of OUT audit. Hoivei'er. Ihe priniary rc5ponsibility for ilie prevention and detection of Iraud rcsis with managcmenl and Ihose char¥ed wilh oovernance of Ihe Lharilable company. In Tdenlifying and assessin4 risks of material nii5slatcment in rcspecl of irrcgularitics: includin(y fraud and non-compliance with laws and regulations. our proccdurcs included the folloing.. We obtained undersiandinu of ihe legal and regulatory requirements applicable 10 the cliariiable coiiipaiiy'5 financial stalcincnt5 and considered Ihe Inosl sigi)ificant are ihe Coinpanies Aci ?006. Financtal Reponiiig Standards (FRS1021 and the Ststement of Recomniended Practice applicable to charities. WL. hai'e assessed the risk of inalerial misstaiemenl ol the financial statements. includiiio iisk of material misstatement due io fraud and how il mighi occur by holding diseussions with manaeemenl and ihose charged Kvith goi'ernance.. W¢ enquircd of tnanagcment and Iliose cliarged w'ith governanee as io any knowi) inslances of non-compliancc or suspected non-compliance Th'ith laws and regiilations. Understanding the internal controls &stablished lo mitigaie risks related to frAud or non- compliance with and regulatiuns" and Discussions atnongsl the audit eno JueiiiLnt leain regarding how fraud ii)ight occur iii Ihe financial sl<ltemcnts and any potential indicators of fraud. As part of this di.q¢us%ion we ideniified ihe following potential area5 Ivhcre fraud Inay occur". timing of rei'enue recognilion, and management overrtde. Th¢ audil iesponse lo risks identified included.. Revieiying the fTnancial statements disclD.surcs and tc%ting lo supportino documeniaiion io asscss compliance H'iih the relei'atil laws and regulations above- Performing anal)qical procedures io identifv any unusual or ullexpeclcd relationships that iiiay iiidicaie risk of Inaterial Iiiis5tatctncnl due lo frJud' In addressing the rigk of fraud throuoh manauement oi'erride of coiitrols. ie%ling the appropriateness of joun)al entric5 and other adju5tnicnts: asscssinb¥ urhether thc judgciiicnL$ 11)ade iii iiiakii]v aceounling estirnates ale reasonable and evaluaiing tlie business rationale of any significant Iiansaclions ihal are unusual or outside the nom)al COUTse of bu5incss.
DocuSHJn Envelrye ID.. C400E333-DFOE4774-B98F-E02A7FF3tMC3 St Patrick's Archdiocesan Trust Limited INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST PATRICK'S ARCHDIOCESAN, TRUST LII¥IITED FOR THE IAR EYDED 31 IIARCH 2023 Continued A further description of our respon5ibililie5 for the audii of ihe financial s(atemenis is located on the Financial Reporting CouTJcil's wcbsiic ai www.frc.org.uklaudiiorsresponsibililics. This dcscriplion fonn5 part of our auditor s report. Usc of our Report This report is made solely lo the charitable company s Tnetnbers. a5 a body. in accordance w'ith Chapter 3 of Part 16 of the Companies Act ?006. Our audii work h&s been undenaken so thal "e rnighi slate to ihe chariiable conipany's iiieiiibers those Inatters we are required 10 51ate lo il)eii) in an auditor'5 report and for no other purpose. To the fiillest extent permiiied by ltsw. lye do not accepl or assume responsibility to anyone other ihan the charitable company and the charilable company's meinbers &s a body. foi. our audit vork. for this rq)ort. or for the opinioiis ive have formed. FllLs 5EC2E8226dYW2 l.lr R}an Falls FCA (Senior Statutorv Auditor) For and on behalf of CAVANAGHKELLY CharteFLd Accouniants & Starulory Auditors 36- 38 Nortliland Row Dun¥4innon Co. Tyrone BT716AP Date: 2$ March 2024 29