INSPIRE BUSINESS CENTRE LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF INSPIRE BUSINESS CENTRE LTD
Oplnion
We have audited the financial statements of Inspire Business Cenlre Ltd (the 'charitable company,) for the year
ended 31 March 2024 which comprise the statement of financial activities, the statement of financial posrtion, the
statement of cash flows and notes to the financial statements, including significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Aocounting
Standards, including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and
Republic of I￿land (United Kingdom Generally Accepted Accountsng Pracbce>.
In our opinion, the financial statements..
give a true and fair view of the state of the tharitable company's affair5 as at 31 March 2024 and of ils
incoming resources and applicatson of resources, induding its income and expenditure, for the year then
ended.,
have been properly prepared in accordance wrth United Kingdom Generally Accepted Accounting Practi￿,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UKI (ISAS (UKI) and applicable
law. Our responsibilities under those standards are fvrther described in the Auditors responsibilrties for the audit ol
the financial statements section of our report. We are independent of the charitable company in accordance with the
ethical requirements that are relevant to aur audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical 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.
Conclusions relating to going concern
In auditing the financial statements, we have concluded Ihat the trustees. use of the going concem basis ol
accounting in the preparation of the financial stalemenls is appropriate.
Based on the work we have perfomied, we have not identffied any material Un￿rtaIntieS relating to events or
conditions that, individually or collectively, may cast signffjcant doubt on the charttable company's ability to continue
a3 a going concern for a period of at least twelve months from when the finanrial statements are authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.

INSPIRE BUSINESS CENTRE LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF INSPIRE BUSINESS CENTRE LTD
Other infomiation
The other information comprises the infomiation induded in the annual report other than the fina￿la1 statements
and our auditor's report thereon. The trustees are responsible for the other infomation contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the èxtent
othemse explicitly stated in our report, we do not express any forn of assurance conclusion thereon. Our
responsibility is to read the other infomiab'on and, in doing so. consider whether the other information is materially
inconsistent with the financial statements or our kn￿edge obtained in tt)e course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistenaes or apparent material misstatements, we are
required to determine whether this gives rise to a material misslatement in the financial statements themselves. If.
based on the Work we have performed, we conclude that there is a material misststement of this other infomiation.
we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the CompanFes Act 2006
In our opinion. based on the work undertaken in the wurse of our audit"
the information givèn in the trustees, report for the financial year for which the financial statements are
prepared, which includes the directors, report prepared for the purposes of company law. is consistent wsth the
finan￿al statements,. and
the directors, report included wtthin the trustees, report has been prepared in accordance wtth applicable legal
requirements.
Matters on vthich we are required to report by exception
In the light of the knowtedge and understsnding of the charitable company and its enmronment obtained in the
cotsrse of the audit, we have not identtfied material misststements in the directors, report induded within the
trustees, report.
We have nothing to report in respect of the followng matters in relation to which the Companies Act 2006 requires
us to report to you rf. in ouropinion=
adequate accounling records have not tseen kept, or retums adequate for our audit have not been received
from branches not visited by us-, or
the financial statements are not in agreement with the accounting records and retums. or
rtain disclosures of trustees, remuneration specified by law are not made.. or
we have not received all the infomiation and explanations we require for our audit- or
the trustees were not entrtled to prepare Ihe financial stalements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the
requirement to prepare a strategic report.
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INSPIRE BUSINESS CENTRE LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF INSPIRE BUSINESS CENTRE LTD
ResponsSbillties of trustees
As explained more fully in the statement of truslees. responsibilities, the trustees. who are also the directors of the
charitable company for the PUTpose of company law, are responsible for the preparation of the financial statements
and for being satisfied thal they give a true and fair view, an(J for such intemal control as Ihe trustees detemine is
necessary to enable the preparation of financial statements thal are free from material misstatement, whether due
to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable
company's ability to continue as a going Con￿M, disclosing, as applicable, matters related to going concern and
using the going con￿rn basis of accounts'ng unless the trustee5 either intend to liquidate the charrtable company or
to cease operations, or have no realistic altematsve but to do so.
Auditor's responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error. and lo issue an auditols report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audrt conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if. individually or in the aggregate. they could ￿aSOnablY be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, induding fraud, are instances of non-compliance with laws and regulats"ons. We design procedures in
line with our responsibilities, outlined above. to detect material misstatements in respect of itregular¢ties, including
fraud. The extenl to which our procedures are capable of detecting irregularities, including fraLKI, is detailed below.
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INSPIRE BUSINESS CENTRE LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF INSPIRE BUSINESS CENTRE LTD
Extent to which the audit was considered capable of detecting irregularities. including fraud
We idèntify and assess the risks of material misstatement of the financial stalements. whether due to fraud or error,
and then design and perfomi audit prO￿dureS responsive to those risks. including obtaining audit evidence that is i
sufficient and appropriate to provide a basis for our opinion.
In identfying and assessing potential risks of material misststemenl in respect of i￿egUlar1ties. induding fraud and i
non-compliances with laws and regulations, we considered the followng=
The nature of the industy and sector, control environment and business perfomance. including the
charitable company's remunerats'on policies for directors. bonus levels and perfomiance tsrgets, if any"
Results of our enquiries of management about their own identification and assessment of Ihe risks of
i￿egUlar[treS-,
Any matters we identified having obtsined and reviewed the charitsble company's documentation of Iheir i
policies and procedures relaling to:
Identifying, evaluating and complwng wÉth laws and regulations and whether they were aware of
any inslance of non-complian￿.,
Delecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud,. and
The inlemal controls established to mitigate risks of fraud or non-compliance with laws and
regulations..
The matters discussed among the audit engagement team regarding how and where fraud might oc¢ur in
the financial statemenls and potential indicators of fraud.
As a result of these protsdures. V￿ considered the opportunities and in￿ntiveS that may exist wthin the charitable
company for fraud and identified the greatest potential for fraud in income recognition. In common wth all audits
under ISAS (UK), we are also required to perform spectfic procedures to respond to the risk of management
override.
We also obtained an understanding of the legal and regulatory framewo￿$ that the charitable company operates in
focusing on provisions of Ih05e laws and regulations that had a direct effect on the determination cl material
amounts and disclosures in the financial statements. The key laws and regulations we considered in this context
included the Companies Act 2006, and local tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct eff￿t on the financial
statements but compliance wtth which may be fundamental to the company's ability to operate or to a￿ld a material
penaty.
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INSPIRE BUSINESS CENTRE LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF INSPIRE BUSINESS CENTRE LTD
Audlt response to risks identified
Our procedures to respond to the risks identified included the following:
Reviewng the financial staternent disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direcl effect on the
financial statements..
Enquiring of management concerning actual and potential lib"gation and claims..
Performing analytical prO￿dureS to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud-,
Reading minutes of meetings of those charged with govemance and reviewing correspondence with tax
authorities.. and
In addressing the risk of fraud through management override of controls, testing the approprialerless of
journal entries and other adjustments-. assessing whether the judgements made in making accounling
estimates are indicative of a potential bias-, and evaluatlng the business rats"onale of any signifiC￿t
transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks lo all engagement team
members and remained alert to any indications of fraud or non-compliance wf(h laws and regulations throughout the
audit.
Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some
material misstatemenls in the financial statements, even though we have properly planned and performed our audit
in accordance with auditsng standards. In addikn"on, as with any audit. there remains a higher risk of non-delection of
irregularities, as they may involve collusion, forgery, intentional omissions. misrepresenlations, CK the override of
internal controls. We are not responsible for preventing notFcompliance and cannot be expected to detect non-
compliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporknng Council's website at.. httPS:11
.frc.org.ukJauditorsresponsibililies. This description foms part of our audito¢s report.
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INSPIRE BUSINESS CENTRE LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF INSPIRE BUSINESS CENTRE LTD
Use of our report
This report is made solely to the charttable company's members, as a body. in accordan￿ with Chapter 3 of Part 16
of the Companies Act 2006. Our audtt work has been undertaken so that we might state to the charitatje company's i
members those matters we are required to stste to them in an auditoffs report and for no other purpose. To the
fullest extent permitted by law, we do not 8Q￿pt or assume responsibility to anyone other than the charitable
company and the charitable companls members as a body, for our audit work, for this report, or for the opinions we I
have forrned.
Mr Stephen Houston FCA {Senior Statutory Auditor
for and on behalf of GMCG LISBURN
Chartered Accountants
Statutory Auditor
Century House
40 Gres￿nt Business Park
Lisbum
BT28 2GN
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