Paralympics Ireland

20 | Paralympics Ireland Annual Report | 2019 20 | Paralympics Ireland Financial Statements | 2019 Independent auditor's report to the members of Paralympics Independent auditor's report to the members of Paralympics Ireland CLG Ireland CLG Opinion Opinion We have audited the financial statements of We have audited the financial statements of Paralympics Ireland CLG which comprise the Statement of Paralympics Ireland CLG which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity for the financial year comprehensive income, the Statement of financial position, the Statement of changes in equity for the financial year ended 31 December 2019, and the related notes to the financial statements, includin ended 31 December 2019, and the related notes to the financial statements, including a summary of significant g a summary of significant accounting policies. accounting policies. The financial reporting framework that has been applied in the preparation of the financial statements is Irish law The financial reporting framework that has been applied in the preparation of the financial statements is Irish law and accounting standards issued by the Financial Reporting Council including FRS 102 'The and accounting standards issued by the Financial Reporting Council including FRS 102 'The Financial Reporting Financial Reporting Standard applicable in the UK and Republic of Ireland' (Generally Accepted Accounting Practice in Ireland). Standard applicable in the UK and Republic of Ireland' (Generally Accepted Accounting Practice in Ireland). In our opinion, Paralympics Ireland CLG's financial statements: In our opinion, Paralympics Ireland CLG's financial statements: • give a true and fair view in accordance with Generally Accep give a true and fair view in accordance with Generally Accepted Accounting Practice in Ireland of the assets, ted Accounting Practice in Ireland of the assets, liabilities and financial position of the company as at 31 December 2019 and of its financial performance for liabilities and financial position of the company as at 31 December 2019 and of its financial performance for the financial year then ended; and the financial year then ended; and • have been properly prepared in accordance with the requirem have been properly prepared in accordance with the requirements of the Companies Act 2014. ents of the Companies Act 2014. Basis for opinion Basis for opinion We conducted our audit in accordance with International Standards on Auditing (Ireland) (ISAs (Ireland)) and We conducted our audit in accordance with International Standards on Auditing (Ireland) (ISAs (Ireland)) and applicable law. Our responsibilities under those standards are further described in the 'responsibilities of the auditor applicable law. Our responsibilities under those standards are further described in the 'responsibilities of the auditor for the audit of the finan for the audit of the financial statements' section of our report. We are independent of the company in accordance cial statements' section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of financial statements in Ireland, namely the Irish with the ethical requirements that are relevant to our audit of financial statements in Ireland, namely the Irish Auditing and Accounting Supervisory Authority (IAASA) Auditing and Accounting Supervisory Authority (IAASA) Ethical Standard concerning the integrity, objectivity and Ethical Standard concerning the integrity, objectivity and independence of the auditor, and the ethical pronouncements established by Chartered Accountants Ireland, independence of the auditor, and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances for the entity. We have fulfil applied as determined to be appropriate in the circumstances for the entity. We have fulfilled our other ethical led our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is 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. sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern Conclusions relating to going concern We have nothing We have nothing to report in respect of the following matters in relation to which the ISAs (Ireland) require us to to report in respect of the following matters in relation to which the ISAs (Ireland) require us to report to you where: report to you where: • the directors' use of the going concern basis of accounting in the preparation of the financial statements is the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or not appropriate; or • th the directors have not disclosed in the financial statements any identified material uncertainties that may cast e directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months f a period of at least twelve months from the date when the financial statements are authorised for issue. rom the date when the financial statements are authorised for issue. a period of at least twelve months f a period of at least twelve months from the date when the financial statements are authorised for issue. a period of at least twelve months f a period of at least twelve months f

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