Inner City Buildings Preservation Trust Company Llmltod by Guarantso Indepond•nt Audltorfs Report to th• Mamrn of Innor Clty Bullding8 Pro8ervatlon Tru8t Y•ar •ndod 31 March 2024 Oplnlon We have audited the fanCIal ststements ol Inner Clty Bulldings Preswvatk)n Tnjst (the'chanty'i for tho year ended 31 March 2024 which comprise the statement of financial activities (including incxjne and expenditure account). balance 8heet and the related not8s. inthdlng a summary of slgntfieant account'ng FO1les. The finandal reportlng frarrvwork that has been appll8d in their preparation is appllcable law and Unf<8d Klngdom Accountlr¥J Standards, including FRS 102 Th• Flnanclal Reportbng Stsndard applwble in the UK and Republic of Irgland (United Kingdcffl Generalty Accwed AL%ountlng Practice) In our oplnion the fina181 ststerrnnts. glvo a true and fair view ofthe 8tate of tho chanty'6 affalrs as at 31 March 2024 and ol 118 incoming resources and applicatlon of re80urces, Includlng ts in(x)me and expendlture, for tho year then ended., hAV8 been propety woparod in aCrdanC8 with United Kinodom Gonernlly Acceptad Accountsng Practsce, hav81)•6n prepared In ac¢ordance with the requirnrrnnts of the Companies Act 2006. Ba•1• for oplnlon W• conducled our audit in accordance with Internat181 Standard¥ on Audlting (UK) IISAS {UK)) and applicable law. Our rnsponsibllltles under those standafds are lurthor descrfbed in the audllols responsibilitles for the audit of tho financial statements secb'on of our report. Wo a independenl of the charty In accordance wtth the ethlcal requlrements that are relovant to our audll ol tha ftnanclal statements in the UK. includiry the FRC'S Ethul Standard, and we have fulfilled our other ethical responsibilitles in acoydance with these requirnments. We believe ihat tho audit evidence wo have obtained 18 6uffio.enl and appropriate to provKle a ba818 for our opinion Con¢lu•lon• T•ln9 to golng conc•rn In 8udrting the flnancial st8lements, we have Concluded that the trustees. usa of the going concern basig of accounting in tho preParatn of the financial statoments is apwopriate. Based on the Wofk we have perfonned. we have not Identified any material uncertaintles relatlng to events or conditions that, indwhlually or colledivety, may cast significant doubt on the charlty'$ abillty to continue as a going concem for a period of al least twelve months Imm when the financial 8tatem8nts are auth0ri30d lor issu•. Our re8pon8ibllities and the reSponSlI11]eS of the irustees with to going concem •r• described in the relevant $e¢lion$ of this report
Inner Clty Buildlngs Preservation Trust Company Llmltod by Guarantse Ind•p•nd•nt Auditorf8 R•port to th• 1knrn of Innor Clty Buildings Prn8ervatlon Trust(¢th•dj Year •ndod 31 March 2024 Other Inforniallon The oth•r Information comprises the inlormatr)n included in the annual repor( other than tho financial $tat8ments and our audi5 roport thereon. Th8 tru8tee8 8re re8pon$ible fr)r the other Information. Our opinton ¢Jn the financio18tatements does not cover the other information and, except to the extent otherwise expllclty ststed in our rerrf we do not express any fomi of assuranc4 ¢ondusion th8r80n. In connqdion wth ¢)ur audrt of th? financial 8tateffnt8, our re8kx)nslbMty 18 to rnad the other inft)rmation and, In dolng 80. consider whether the other Information is materialty inconslstent wlth the financjal stataments or our kn¢ywlgdge obtalned in th• audlt or Other1$6 appeats to be matarialty mi$5tstod. If we identify 8u¢h material incon8i8len¢ies or apparent material mi5Staterrnts, are rnquir•d to deternine whether there 58 a material rni88tatement in the financial 8tstemen18 or a m8terial misststemont of the othor infomation. If. bas&J on Ihe work we have performed, we c4)ndudo that there 18 a matorlal misstaternent of th1$ Othor Inf0MtIOn, w6 afa rnqulrod to r8PDrt that fad We have nothing to report in regard. Oplnlon• on oth•r m•tt•r• prmcrlbod by th• Comp•nl•• Act 2006 In our oplnlon, based on tho Work undertaken in the courn• of the audlL' the Informalon gfven in the trustees, report for the financial year for which the financial $tatsment8 are prepared Is consistent vAth the ilnancial $taterMnts,' and th• iru$te•$' rewt has been prepared in accordance wilh applicable legal requiretrnnls. tt•rn on whlch w• •r• r•qulv•d to Mport by •XptIon In the Ilght of the knowkndge and under8tsndin9 of the charity and lis envlronment obtained in the cour8• of the audft, we have Tr)t Identlilod m•terial mlsstatemonts in the trustees, r•port We have nothing to report in mpect ol the lollw'ng matters In rehuon to which the Companieg Act 2006 requires us to rw>rt to you rf. In our opinion.. adwuate accountlng records havo not boon kept, or returns adwuate for our audit havè not en r8eéN•d from branches not Vi8iied by w or th• financial staterMnt8 are nol In agreemont with th• accounllng records and retums: or certain di8closure8 of tfU8ta•s' remunerntion specfvd by law arn not made, or we have not reIved all th• infomkltK)n arKI oxpl•n•tion• w• rnquiro for our audlt; or th8 Iru3tees were not entitled to Ppare the financial 5tstements in accordance With the small companies regime and take advanlage of the small companies, exemptions in preparing the directors, report and from the requiremént to prepare a strategic reFort.
Inner Clty Buildings Preservation Trust Company Llmit•d by Guarantse Independent Audltorf8 Roport to th• Memb•r8 of Innw Clty 8uilding8 Prn80rvatlon Tru•t Y•ar •nd•d 31 March 2024 R•8pon•lbllltlM ol tru•t••• Ag explalned m<ye hjlty in the trustees. responsibillttes stalomenL the trustoes (who arè also the directors for the purposes ofcompany law} ar• reSnSIble lorthe preparation of tho financial statements and for being satl8tkd that thoy gr¥e e true and lair vlow. and for such int•mal control as the trustee¥ determina Is nec*ssary to onable the prepardllon ol financial $tatements that are free from materlal misstatsmont. whothw due to fraud or error. In preparing the financial slatsments. the trusteas are responslbkn tr assessing the charity's abllity to contlnu• as a golng concem, disdosiw, as applicabl•, maitors related to golng concern and u$lng tho going concem basis of ac£ounn9 unless the trustees elther Intend b liquidat• lh• char5ty Of io Lxasg operatlons, or have no realistic attornative bul to do ao. Audltoe• r••pon•lbllltl•• for th• audlt ol th• IInancl •t&t•m•nts Our objodves are to obtain reatnabl0 assurance abtyjt whether tho financial statements as a whol• are free from materKqI m1831at8rnent. whether due to fraud or error. and to i8$ue an audrlovs report that Indud•J our oplnlon. R888onable assuranca 18 a hwJh level ol assur88, but 1$ not a guarant•e that an audrt conducted in accordance with ISAS (UK) wlll aPway8 detect a materiol misstatoment when It exl$ts. M185tatem•nts can artse from fraud or and are consldered materfal If, Indlvidually or In the aggregale, ihey could re8$0nabty be •xpect•J to iniluenco tho oconornlc decislons of users taken on the bash of th•s• finan¢ial stat•monts. lffegularities, induding fraud, are instsnces of non4ortwlianc8 with laws and regulations. We deslgn procédures in Ilne with Our responsibllfths, outlinod alyove, to deteci materlal mi8Statemont8 In resped of irrogulanties, including fraud. Th8 extent to whth our proc¢dures 8re capable of detectlng Irr•gularftlo$, Includlng fraud Is 0•&11od bolow. Identrfying and aJ6eMing Wtontkgl rf8k8 felaled to irregularitl•8 In klentlfyln9 and 88808slng rlsks of malwi81 ml8slatemont In respect of Irrogularttio$, Indudlng fraud and nonrycompliance laws and re9ulations we consKlered the folkIng.. ' the nature of the Industry and sKtor and control environm6nt" the le9al and regulatory framework appliuble" Ihe Sults of our enquine8 of mana9em8nt and other key pern$ about Ihetr own identlfication and a36essrnent of the risks and irregularrtl•s ' Ihe Charlty own pOIleS and proe4dures on compliance with law8 and regulations Including any Instan$ of nonryc0mpllan. Audit response to risk entIfied As a result of performlng Ihe above wo idenllfied and p•rformed ttte follv•Ang pr+xedures" enqulry of management, those charge(I with govemance arourKI actual and potential litigation and claims. ' enquiry of entity staff in compliance fvnctions to ¥J8ntify any instances of non<x)rnplianc8 With laws arml regul8tions. Revthving financial statement dtsclosures and testin9 to supporting documentation to assess compliance wlth 8PPlicable and reguLgtlons. . Performitva analytlcal prc¢edureg to bdentify any unusual or unexpectsd relatlonships that may indlcate risks of material misststemenl due to fraud. Auditin9 the risk of manaoernnt override of controls, including through testing joumal entrie8 and other adjustments for appropriaieness. and evaluab'ng the business rntionale of Jwnfficant transactions outskle th• nomwl courne of business
Inner City Buildings Preservation Trust Company Llmlted by Guarant00 Indop•ndent AuditoV• Report to tho Membern of Inn•r City Buildings Pro8orvatlon Tru•t (¢(wth4•0 Yoar onded 31 March 2024 As part of an audit in anCe wrth ISA8 (UK), we exercise professional jIgment and maintsin profésslonal scepticism throughout the audit. also: Identfy ar 88W8 the rlsks of material misststement of the financlal $tatoments, whether du• to fraud or error, de8vJn and perform audit pracedures responsNe to those risks, and obtaln audit evidence that 18 sufficlent and approprknts to provlde 8 basis for our opinlon. The rfjk of not dotectlng a materlal mls8tatemant resulting from fraud Is hlghor than for one r08utting from error, a8 fraud may Involve collusk)n, forgery. Intenlonal oml8sh)ns, misrepr•8•nlatiDng, or th• ¢>v•rrfd• of Intemal control Obtaln an undeislandlng of Snlernal contlDI relevant to the audit In order to design audit proceduffjs that arn approprtate in the ciroJmst8nces, but nol for the PLtrp)8e of expresslng an opinion on the •ffe¢ilvene88 of the intemal control. Evaluate th• approprfaton•ss of accounting polic1•8 uwl and the roa8onablen•86 of accountlng estimatss and rn18ted di8clo8ure8 mado by the tyuste88. Conclude on the 8pprowlatene88 of the trustees. u88 of th• golng COnM ba818 of accounling and, based on th• audll eVonCe obtalnad, whether a materiol uncertalnty oxists related to events or ndItiOnS that may cast swniilcant doubl on the charty's abilty to continue as 8 90ing concem. If w• conclude that a material uncertainty exi8ts. wo are rnquir&J to draw attention in our auditor's report to the related di8¢108ures In Ihe financial statements Of, rf such disclosures are inadequato. to modlty our oplnion. Our conclusions are b88ed ¢)n the audll evidence obtalned up to the date ol our auditorfs report. However. future events or conditlons may cause the Charity to cease to continue as a golng concern Evaluate the overall pre8entation, structure arKI nIent of the financlal stateThnts, Includln9 th• disclosures, and wheiher the financial st8tem8nts repr88ent the underlying tran8actlons and events in o monnef that xhieves fair presentatlon. 10
Inner City Buildings Presorvation Trust Company Llmlt•d by Guarantse Ind•p•ndont Auditorfs Report to the Membern of Inn•r City Buildings Pre8ervatlon Trust (¢MllnwdJ Year ond•d 31 March 2024 We Communicate with those ¢harged with governarte re9ar(iing among other matters. the planned SCOF* and liming of the audrt and significant audit findings. InClud1g any sgnIfan1 defiuencies in Internal control that we Idenlity during our audit. U•• ol our i•port This report is made solety 10 the charity's members, as a bcjdy. in accordance with Chapter 3 of Part 16 of the C¢)rnpanies Act 2006 Our audrt work has been undertaken so Ihat we might stsle to the charrty's members those mattets we are required to state to them In an auditors report and for no other purpose. To the fulle$l extent permitted by law we do not accept or assume iesponsibility to anyone other than the charty and the chafity's members 8s a body. for our audit work fy this pOrt or for the opinions we have formed Conor MG4teer Isenu Staltstory Audilorl CIIAnTEnr. For and on behalf ol Fefgus MG41eer & Co Chartea 8¢countants & stalulory audrtor 31133 Clarendon Slreei Derry BT48 7ER NTS 27 June 2024 11