Hanwood Trust Company Limitod
Company Llmlted by Guarants6
Ind8pendent Auditovs Report to the Members of Hanwood Trust Company
Llmited
Page 6
Year ended 31 March 2024
Oplnlon
We have audlted the financlal statements of Hanwood Tru8t Company Llmltad (tha 'charlty') for the
year ended 31 March 2024 whlch compri8e the 8tat•ment of flnanclal actlvltlos {Includlng Income and
exp8ndlture account), statem8nt of financlal position and the related nots8, including a 8ummary of
81gnlfi¢ant accountlng polic188. Tha flnanclal reportlng framew(xk that has been applted In thelr
preparatlon 18 appllcable law and Unlt8d Kingdom A¢counting Standard8, Includlng FRS .102 The
Flnanclal Reportlng Standard appllcabl8 In th8 UK and Rapubllc of Ireland (Uniled Kingdom Generalty
AcGQPted Accounting PraGtlce).
In our oplnlon th• tlnanelal 8tatsmant8:
glve a true and fa5r vlaw of the 8tate of the ch8rltl8 8ffalr8 a8 at 311 Ma￿h 2024 and of It8
InGomlng r880urce8 and appllGatlon of resources, Includlng Its Income kgnd expendlture, for the
year then ended.,
hava been proparfy pr8parnd In accordan¢• with Unfted Klngdom Goneralty Accepted
Accountlng Practfc8;
have be•n prepared In aGcordance wlth the requlroment8 of the Companles Act 2006.
BaslB for oplnlon
Wo Conducted our audlt In 8￿rdance wlth Internatlonal Standard8 on Audlti'hg (UK) (ISA8 (UK)) and
appllcable law. Our raspon81biliti88 under thos8 8tandard8 are further descrlbed In the audltorfa
responslbllltléB for the audlt of tha Ilnanclal 8tatements 8edon of our raport, W6 are Independent of
tho charlty In accordance wlth tha 8thlc81 r8qulrem8nts that are relavant to our audlt of the fin8nclal
8tatements In tho UK, Ineludlng the FRC'8 Ethlcal Standard, and we hava fumlled our other ethlcal
r08pon8lbllltles In accordance wlth the8e requlrements. We btsllevo that the audit evldonco w8 have
obtsined is 8ufficient and approprlate to provlde g b4818 for our oplnlon.
•1 Concluslons rolatlng to golng concom
In auditing the flnanclal statements, we have concluded that the tru8toe8' use of tho golng Goncern
ba818 of accountlng In the proparatlon of the flnanclal BtalernantB1o aPpro￿at•.
8a89d on tho worf( we hwrfe performed. we hav8 not Identlfled any materlal uncertalntleg relatlng to
events or condltlons that, Indlvldually or collectlvely, may cast 8ignifKant doubt on the charity's ability
to contlnue as 8 golng concern for a perlod of at least twelve months from when the flnanclal
8tatament8 arg authorl8gd for Issue.
Our responslbilltles and the responsiblllties of the truste88 wlth respod k+ golng GOn￿M ar• desGrlb•d
in the relevant section$ of this report.

Hanwood Trust Company Limited
Company Llmlted by Guarante8
Independent Auditorfs Report to tha Members of Hanwood Trust Company
Limited (coniinu•d)
Year ended 31 March 2024
other Informatlon
Page 7
The other informatlon comprf888 the Infonnation Included In the 8nnu81 report, other than tha financlal
8tatements and our auditor'8 report thereon, The tru8tee8 are respon31bl8 for the other Informatlon
Our opinlon on tho financial 8tatemont8 does not cover the other Information and, except to the extent
oth8pNlse expllc5tly 8tated In our report, we do not express any fomi of assuranc6 conclu8lon thereon.
In ¢onnectk)n our audtt of the tlnanclal statements, our r88pon81blllty 18 to read th8 Oth6r
Infomiation and, in dolng so, conslder whether tho other Informalon18 materlalty Incon818tent wlth the
flnanclal 8tatements or our knowledga obtalned In the audlt or otheDNiS6 appear8 to be matsrfally
mlsstated. 11 we Identlfy such materlal Incons18t8ncles or apparent motarfal mi88tatement8, wo are
required to determlne whether there Is a materlal ml88tat8mant In tha financlal 8tat8ment8 or a
materlal m138tst*ment of the other Infomiatlon. If, b88ed on the work we have parformed, we conclude
that thero18 a materlal mt89tat8mant of th18 Other Informatlon, we ar8 required to report that fact.
We hov8 nolhlng to rap¢Xt In thl8 regard.
Oplnlons on othar mattorn prmcrfbod by th• Companlm Act 2006
In our opinion, bajed on the woth undertaken In the coursa of tha audtt:
the Inform8tlon glven In the tru8te?s' report for the flnanclal yoar'for whlch Ihg flnanctal
Btatements ar8 wepared18 con818tent wtth the llnandal 8tatements; and
the tru8tse8' report h88 been prepared In AccordAneA wlth oppllcabl818gal raqulrements.
Matt•rn on whlch ￿ are roqulrnd to report by •xc•ptlon
In the Ilght of tho knowledg8 and under8tandlng of the charfty and It8 environmènt obtalned In th
cour$8 of the audll, we have not Identlfied materlal mls8tatsments In the tru8toe8' report.
We have nothlng to report In r88p8ct of tho followlng mattor8 In r•latlon to vh)i¢h the Compan1•8 Act
2006 requlres us to report to you If. In our oplnlon:
adequate accountlng record8 have not b•an kept, or return8 adequat• lor our audit have not
been received from branches not vl8lt8d by us; or
the financlal 8tatement8 8re not In agreement wlth the aceountlng record¢ and return8', or
certaln dl8ckJsur68 of trugtees, remuneratlon 8peclfEed by law are not ma
we h8V8 not recelved all the Infommtlon and 6xplanatlons we require for Pur 8udlt; or
th6 tru8tee8 were not entitlad to prepare th8 flnanclal 8tat8mants In aeordanco with the 8mall
companies ragima and take advantage of the small companies, exenlptions In praparlng the
dirKtors' rewt and from th8 requlr8ment to prepare a stratoglc report.

Hanwood Trust Company Limited
Company Llmited by Guarante8
Independent Auditorfs Report to the Membern of Hanwood! Trust Company
Llmlted (¢ontthua
Pag8 8
Year ended 31 March 2024
Re?pon?Ibllltl•3 of trustees
A8 explained more fully in the trU￿t￿9, r88ponslbllltle3 8tatsment, the trustees (who are slso th•
dlrector8 for the purpo888 of company law) are r88pon81ble for the preparation of the financlal
statements and for belng Satisfied that they give a tw6 and fair view, and lor Such Int8mal Control a8
the tru8tee8 detemilne 18 necessary to enable the preparatlon of financlal 8tat8mants that are free
from material misstatem6nt, whether du• to,fraud or error.
In preparlng tha flnanclal st8t8mants, tho trusta88 ar6 r88pon8ible for a88e88ing the charlty'8 ab511ty to
conttnue as a golng concern. dlscloslng. 98 appllcablè, matters relatèd to golng Concern and u8ing the
going concem ba81s of accountlng unle98 th8 tru$te8s 8lth8r Intond to Ilquidot• tho chqrty or to CO098
opgratlona, or have no rea118tlG altematlve but to do 80.
Audltorf8 ro8pon8lbllltl•• for th• oudlt of th• flnanclal •tat•mont•
Our object￿e8 ara to obt81n r88sonabl8 assur8nco about whather the flnano1818tstements as a whole
are frea from materlal misstatement, wh8th8r due to fraud or error, and to188uè an auditor's report that
Includes our oplnlon. Rea80nabla a$8uranc8 18 8 htgh level of ag8urance, but18 not a guarant86 that
an audlt conductad In accord8nco Wlth ISA8 {UlQ wlll alway8 datect a mat•rlal mi88tatament when It
exlsts. Mlsstatsrnents can arlse from fraud or error and are con8lder8d matarlal if, Indlvldually or In the
aggr¢gate, they could reasonably ba expected to Influence the economlc dacEslon8 of users taken on
th• ba8lJ of the66 Ilnandal 8tatemant8.
Irregularltl88, Indudlng fraud, arn In8t8nc88 of non-compllancè wlth law8 and regulatbns, W8 de8lgn
procedures In Ilna wlth our ra8pon81bllttl88, OUtlln8d above, to datact rnaterfal mi88tatement8 in respect
of Irregularltles, Includlng fraud. The exient to whlch our prooadure3 are capabla of detactlng
Irregularitl88, Includlng fraud l? detalled below:
A8 part ol the audlt proc•88 w8 obtalned an understsndlng of the legal and ragujatory framtr4vork
applicab￿ to the entlty, bolng FR102, Compan108 Act 2006 the UK taxatlon reglmè and compllance
with ragulatlons In relatlon to the Coronavlrus Job8 Retentlon Scheme and the Coronavlrus Bu81ness
Interruption Sch•me. In additlon, we a8Jes8ed the risks of materlal fraud through enqulr88 wlth
manag•m•nt and Iho88 ¢horyed with eorporat8 gt)vemanc• and analytkal procedur•8 w•r• uBed to
ass8ss any unusual or or unoxpected rolatlonBhlps. Ag wlth all organls8tlon of th18 8lzo, th8r8 r•maln$
8n Inherènt dlfflculty In tha det8Ctlon of Irragulgrltla8.
A further descriptlon of our mponsibilltles for tha audit of flnanclal 8tatement818 located on tha FRC'J
w8b8ite at VMW.frc.org.uklaudltorsre8pon8ibilitie8
As part of an audtt In accordance wlth ISA8 (UK), we ex8rclse profe38lonal Judgment and malntaln
professlonal 8cepttcism throughout the audit. Wg also:
Identify and 8ss8S8 the rlsks of materlal ml88tatem8nt of the flnanclal statements, whethar du8 to
fraud or error, design and perfom audlt procedures responsive to those rlsks, and obtain audlt
evidence that is sufficient and app￿prIate to provide a baso for our oplnlon. The ri8k of not
detgcting a materlal mlsstatement resulting from fraud Is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentlonal omissions, ml$repreaentatton8, or tho ov8rrlde
of intern81 control.
Obtain an undèrstandlng of intemal control relevant to the audlt In order to deslgn audit
procedures that are appropriate in the circumstancas, but not for the purpose of expressing an
opinion on Ihe effectiveness of the internal contrd.

Hanwood Trust Company Llmited
Company Limited by Guarantee
Independent Auditovs Report to the Members of Hanwood Trust Company
Llmlted (COnth￿ty
Year ended 31 March 2024
Paga 9
Evaluate the 8ppmprlat8n888 of aeeountlng polIc￿3 U88d and tha r•a8onablone88 of a¢¢ountlng
Bstlmates and ralated dlsdosures mada by the trust888.
Condude on the approprfatenes8 of the trustees, use of the golng contsrn basls of accountlng
and, based on the audit evldgn¢e obtalned. whether a materlal uncortalnty exl8ts related to
8vants or condltion8 Ihat may cast 8ignificant doubt on Iha ¢harlty'a ablllty to contlnuo as a golng
eoncem. If wa coneluda that a matarial uncertalnty 8xlst8, we are requlred to drnw attontlon In
our audttorfs report to thè raEated dl8c108ures In the flnanclal 8t8tements or, W Such dlsclo8ur08
ar8 Inadequate, to modlfy our oplnlon.'Our conclu8lon8 are b888d on the audlt evldence obtalned
up to the data of our audltor'8 r8POrt. Howevar, futur6 events or conditlott8 may cau88 the charlty
to cea88 to ¢ontlnue as a golng concern.
Evaluats the ov8rall pr88éntatlon, 8tructur8 and content of th8 financlal •tat8mants, Includlng th
dlsclosures, and wh8th8r the Ilnanclal 8tat8m6nts r•pr888nt th8 und•rtylng tran8actlon8 and
evonts In a rnannar that aGhleves falr presentatlon.
Wa communlcata wlth *h08& charged wtth governance ragardlng,. among other matt•r•, th• planned
scope and tlmlng of th8 audlt and 8lgnlficant audlt Ilndlng8, Indudlng any ilgnlfic8nt d6fk1oncl￿ In
Int8rnal control that wa Id8nUfy durlng our audlt.
U•• ol our r•port
Th18 r8POrt18 mada 8018ly to tho charltV8 memb•r8, a8 a body, In accordanca wlth Chapter 3 of Part
16 01 the Comp8nle8 Act 2008. Our audll work ha8 han undertaken 80 Ihat we mlght etate to the
charfl￿6 membor8 th088 m&ttar8 vrn are requlr8d to 8tata to them In an audltoV8 report and for no
othar purpo8a. To the fulla8t extent p8miltt8d by law, wa do not accept or as8um8 responsibillty to
anyona other than tho ch8rlty and tha charfty'8 memb8r8 a8 8 body, for our aud￿ work, for th18 raport,
or for tha oplnlon8 we have fornied.
MS E MULHOLLAND (S•nlor Statutory Audltor)
For and on bahall ol
Johnston Graham Llmlted
Chartered accountants & statutory auditor
2161218 Holywood Road
Belfast
BT4 1PD
19 June 2024