CinemagiG Limited Company Limited by Guaranttè Independent Auditor's Report to the Members of Cinemagic Llmlted Year ended 31 MarGh 2023 Opinion We have audlled the fmancial slatemenls of Cinemagic Llmiled (Ihe 'charill> for the year ended 31 March 2023 which comprise the slatemenl of nanCIal aclivlties (induding income and expendllure account). slalem8nl of Ilnanrial poslllon and the relaled noles, including a summary of spgnillcanl accounling policies. The tinancial reporting fraFrÈwork Ihal has been applied in their pceparalion is appllcable law and United Kin9dom Accounting Slandards, inGluding FRS 102 The Financial Reporting Slandaid appllcable in the UK and Republc of Ireland {Uniled Klngdom Generally AcGepled Accounllng Pf8clice>. Ir) Ouf opinion thè financial stalÈmÈnts". give a INe and falr view of the slate of the charitys affairs as at 31 March 2023 and of its incorning resource5 and application of resource5. ClUdIng its InconE and expenditure. for the year then ended., have been properly prepared In cOrdanCe wilh United Kingdom Generally Accepled Accounling Praclice: have been prepared in accortlance ith thè requirernont5 of the Companies Acl 2006. Basis for oplnion WÈ conducied our audit in acrdanCe with Ini8malM)nal Standards on Audiliny (UK) (ISAS IUK)) and applicable law. Our responsibilities under Ihos& standards are further deSCred in Ihe audilofs responsibililies for the audit ol the financial slalemenls Secti( pl our report, We are indepeDdenl ot the charity in accordance wilh the ethical requiremenls Ihal are relevant lo our audit of the financial slalemenls in Ihe UK, including Ihe FRC'S Elhic81 Slandard, and we have fulfilled otjr other elhlc81 responsibililies in accordantt wilh Ihese fequirements. We believe Ihal Ihe audit evidence we have obtained Is stsfllent and appropriale lo provlde a basis lor our opinlon. Conclu5ioni relating to 9olng concern ln audiling the financial statements. we have cnCILKIed thal the trustees. use of th8 goiry conc8m basis of accounting in Ihe preparation of the financial Statements 15 appropriate. Based on the work we have perfomied. we have noi identifbed arry malerial uncertainties relating lo events or condilion5 that. Individually or colleclivdy. may ¢asl significant doubl on the charity's ability to mnlinue a5 8 going concem for a peri(xl of al least tN4efve montts from when the financial staleffents are auttrvised for issue. Our responsib41itiès and the rèsponsibilikn ol Ihe trustees wilh rospe(A lo going ¢Mcgrn are described in thé rÉlovanl séctions of ihis *8POrt, 10
Cinemagic Limited Company Limited by Guarailtetr Independenl Auditor's Report to the Members of Cinemagic Limlted rcontlnugdj Year ended 31 MarGh 2023 Other inforrnation The other inlormation comprlses the Informatic llicluded irt the annual report, other Ihan the financial Statements and our auditor's report Ihereon. The t(U8lees are responsible for Ihe oiher lrnformallon. Our oplnlon on Lhe financial slatemenis doe8 not cover the other irformation and, excepl lo the exlent therwise explicltiy stated in our report. we do not exp$6 49ny form of assurance conclusion Ihereon. In conneGilon vAth our audit of the finGra1 5tstements. Ouf responsibility is to read Ihe other informalion and, in doing so, consider whelher tha olher infofmation is materially inconsistent with Iho rinanclal statettEÈnts or our knowledge oblained in the audil Dr Otherwise appoars lo be maiÉrially rhiSStalÈd. If we identify such material intonsislarKies or apparèhl matèrial mi8818tèmènl5, w& are requiièd lo determine whelhèw thare Is a material mlsstalement in thÈ flnancial slalemenls oi a malerial mlsstatement of Ihe other informatim. If, basod on the work we hav8 performed, wc coriGludg Ihal IherÈ is a malerial misstalèmÈnt of Ihts olher information, we are required to report Ihal facl, We have nothing to report In Ihls regard. Oplnion$ on oth•r matters prnscrlbod by Iho ¢ompanl•s Act 2006 In our opinion, based tsn the th urKJertaken in the course ol the aLNJil: the information gsven in the trustees, report for the financial year for which the financial statements ale prepared is consislent with the financEI slatements. and Ihe iruslees. report has been prepared in accordance wllh applicable legal requSrernents. Matters on whl¢h we are requlred to report by exception In the light of the krWledge and understanding ol the charity and its environment obtsined In the course of the audil. w& have not identlfied material mi55tatements in Lhe tTustee5' report. We have nolhing lo report in respect of the folowmg matters in relaiknn lo which Ihe companies Act 2006 requires us Io repcL lo you tf. in our opinioh: adequate accounting records have rK)t been k8pt, or retum5 adequate for our audlt have not bgen recelved from brarKes rbot visited by L., or the linancial statements are not in agreement with Ihe aCCounng records and retums; or certaln disclosufes of Irust8es' remUrl811 spec¥fied by law are rKA made,. or we have not received all the intsmatlon and explanalion5 we require for our audil" or Ihe Irustees were noi entitled tQ Frfepare Ihe finandal stalemenls bn accordance with the small mp8nes regime and take advanlage ol the small MpanIeS, exemptions in preparing the directors, report and from the req(tirement to Pfepare a stralegK reporL 11
Cinemagic Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cinemagic Llmited l¢oiitlnvD Year ended 31 March 2023 Responslbilities of trustees As explalned more fvjlly in the trustees. respon11[111es statement, Ihe truslees (who are also Ihe dlrectors lor the purposes of company law) are responsible lof the preparalion of ihe financial statements and for belng satIsf thal Ihey give a true and faK View. and for such internal conlrol as Ihe Iruslees delerrnine is rbec8ssary lo enable the preparati of linancial $18lemenls Ihal are free from materlal misslalemerit, whelher due to f[al or error. In prèparing thè financlal slatèment5, the Irusleos are responsiblè for assessing Ihè charily's ability lo continuè a a going concern, disdosing, as app&cable, matter5 ÉlatÈd lo going concÉM and vsing the going concèrn basis of accounting unless Ihè Iruslees either intend to Ilquidate the charily or Io c68sé opgrations, or have no realislic altèmative bul lo do so. Auditor's responslblllties for the audil of the financial statements Our obleclive8 are lo oblaln reasonable assurance about whether Ihe financial slalemenls as a whole are free from material missialemenl. whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable asSUrae is a high level of assurarte, but is not a guarantee thal an audit conducted in accordance wilh ISAS (UK) will always detect a material misslalemenl when il exlsls. Mls8131ements can arise frorn Iraud or error and are considered material if, individually or in the aggregate, they could reasonably be expeded to inlluence the economic decisions of users taken on the basis ol these financial slatements, Irrèwlarities, including Iraud, are insiarwth of non-compliance with law8 and regula1b. We d6s191) procedures in line wilh our responsibililies, oullin8(l above, lo delect material misslalomenls in respecL of irregularltiès, including fraud. The exlent to whlch our prctedures are capable of d01ecllng rregularities, including fraud is detailed below: We obtalned an understanding of the legal ar regulat(xy framework applicable lo the Company Ihfough en4ulry of management, industry Tesearch and the application of cumulalive audit knowledge. Wé idenlified the following txirtcipal laws and regulations relevant to the Company - Companies Act 2006 and the Financial Rots.g Slandard applicable in the UK and RepublK of Ireland (FRS 102), We developed an understanding of key fraL*J risks to thè entity (induding how fraud might occur}. the contro15 in place to help milate those risks, and the aCCoLU5. balances and disclosures within the fiTrancial slaternents whh may be susceptible to management bias. Our understanding was obtained through review ol the financial statements for signifi.cant accounllng estimates, analysis of Journal entsies. walkthrough Df the key Contiol cycles in pce and enquiry of management. As part of an audit in accordance with ISAS (UK), we exercise professional judgfflent and mainleln professK)nal sceplicism 1hrOLOUl Ihe audit. We also: Identify and assess the rtsks of material misstalement of Ihe financaa5 51atemenls, whether due lo Iraud or error, deslgn afid perform audil procedures rèsponsiv6 lo Ihose (isks. and obtaifs aj¢1 bvidence Lhal is Sutficient and apFYopriatts lo provide a ba518 for wr Opinion. The risk of nol delÈcllng a maièrial mlsstalèmenl rosulling Irom fraud is hioher Ihan For ono rÈs(Jlling Ifom èrr, as ftaud may involvé cd14JSion, fcwgtrry, inténtial omissions. misfepreséhlatitsns. or lh8 ovèrrid of intÈmal conirol. Obtain an urxler5tanding of inlemal control relevant to the audil in order to design auolt procedures that are appwopriate in the cbrcumstances. bul not for Ihe purpose of expressing an opinion on the effeGtiveness of Ihe inlemal control. 12
Cinemagic Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Clnemaglc Llmited (¢ontlnu• Year ended 31 March 2023 Evaluate the approprialeness of accounling pollcles used and the feasonablenass of SeclntIng estimates arKI related disdosures made by ihe trlle8s. ConGlude on the approwiatelless of Ihe InJslee5' use of Ihe going concem ba515 of accounting and. based on the audit evidence oblained. whether a malerial uncertainty exists related to event5 or condilions that may cast sfv3nifat doubt Dn the charity's ability to continue a5 a going concern. If we conclude thal a matefial uncertainly exi5l5. we are required lo draw altenlDn in our auditor'5 report to the relaled dlscbsures in the financlal 5tatemenis or, Sf such disclosurBS are inadequale, to mo(iify our opinion. Our conchjsions are based on Ihe aLKJtl ovidence obLained up lo the date of our audilorfs report. However, future evenis or conditions may cause the charity lo cease lo conllnue as a going con¢em. Evaluate Ihe overall presentation, stNGture arwj content of the fanCIal statements, irKludlng the dlsclosures. and whelher the financlal slalements represonl the undèrlying transactions and events In a manner that achieves fair presenlalion. We communicate wllh those charged with governance regardlrva, amon9 other Irtter$, the planned scope and timing of Ihe audil and significant audit findlngs. incjuding any significant deficiencles in interr1 control thal we identify durin9 (r audit. Usè of our report This report is made solely to the charity's members. as a body, in xcordance with Chapter 3 of Part 16 of the Companies Act 2006. Our aLMJit VKirk has been undertaken so thal we rnight slate to the charivs mernbe Èhose matters we a required lo slate to them bn an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume respon5ibillty to anyone olher than the charity and the charity's members as a body. for our audit work. for this report, or for the oplnions we have frned. Mr M Flannv3an (Senior Slaiutory AudStor) For and on b8half ol FEB Char18red AccoJntants Chartered 8ceounLants & statutory auditor Linenhall Exchange 1 sl Floor. 26 Llnenn811 Street Bellasl Norlhern Irelar¥J BT2 88G 14 Decembef 2023 13