Paralympics Ireland

| 19 Paralympics Ireland Annual Report | 2019 | 19 Paralympics Ireland Financial Statements | 2019 Directors' responsibilities statement Directors' responsibilities statement For the financial year ended 31 December 2019 For the financial year ended 31 December 2019 The directors are The directors are responsible for preparing the Directors' report and the financial statements in accordance with responsible for preparing the Directors' report and the financial statements in accordance with Irish law and regulations. Irish law and regulations. Irish company law requires the directors to prepare the financial statements for each financial year. Under the law, Irish company law requires the directors to prepare the financial statements for each financial year. Under the law, the directors h the directors have elected to prepare the financial statements in accordance with the Irish Generally Accepted ave elected to prepare the financial statements in accordance with the Irish Generally Accepted Accounting Practice in Ireland, including Financial Reporting Standard 102 'The Financial Reporting Standard Accounting Practice in Ireland, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and I applicable in the UK and Republic of Ireland' and Irish law. rish law. Under company law, the directors must not approve the financial statements unless they are satisfied that they give Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the assets, liabilities and financial position of the company as at the financial year end date, of a true and fair view of the assets, liabilities and financial position of the company as at the financial year end date, of the p the profit or loss for that financial year and otherwise comply with the Companies Act 2014. rofit or loss for that financial year and otherwise comply with the Companies Act 2014. In preparing these financial statements, the directors are required to: In preparing these financial statements, the directors are required to: • select suitable accounting policies for the company's financial statements and then apply them select suitable accounting policies for the company's financial statements and then apply them consistently; consistently; • make judgments and accounting estimates that are reasonable and prudent; make judgments and accounting estimates that are reasonable and prudent; • state whether the financial statements have been prepared in accordance with applicable accounting state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the re standards, identify those standards, and note the effect and the reasons for any material departure from those asons for any material departure from those standards; and standards; and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. company will continue in business. The directors are responsible for ensuring that the c The directors are responsible for ensuring that the company keeps or causes to be kept adequate accounting ompany keeps or causes to be kept adequate accounting records which correctly explain and record the transactions of the company, enable at any time the assets, liabilities, records which correctly explain and record the transactions of the company, enable at any time the assets, liabilities, financial position and profit or loss of the company to be determined with reasona financial position and profit or loss of the company to be determined with reasonable accuracy, enable them to ble accuracy, enable them to ensure that the financial statements and Directors' report comply with the Companies Act 2014 and enable the ensure that the financial statements and Directors' report comply with the Companies Act 2014 and enable the financial statements to be audited. They are also responsible for safeguarding the assets of the company and hence financial statements to be audited. They are also responsible for safeguarding the assets of the company and hence for for taking reasonable steps for the prevention and detection of fraud and other irregularities. taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board On behalf of the board John Fulham (President) John Fulham (President) Director Director Tony Dignam Tony Dignam Director Director Date: Date: 10/04/2020 10/04/2020

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