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 ac￿rdanCe with Ini8malM)nal Standards on Audiliny (UK) (ISAS IUK)) and
applicable law. Our responsibilities under Ihos& standards are further deSCr￿ed 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 stsfl*lent and appropriale lo provlde a basis lor our opinlon.
Conclu5ioni relating to 9olng concern
ln audiling the financial statements. we have c￿nCILKIed 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,
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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 ir*formation and, excepl lo the exlent
therwise explicltiy stated in our report. we do not exp￿$6 49ny form of assurance conclusion Ihereon.
In conneGilon vAth our audit of the fin￿Gra1 5tstements. Ouf responsibility is to read Ihe other
informalion and, in doing so, consider whelher tha olher infofmation is materially inconsistent with Iho
rinanclal statettEÈnts or our knowledge oblained in the audil Dr Otherwise appoars lo be maiÉrially
rhiSStalÈd. If we identify such material intonsislarKies or apparèhl matèrial mi8818tèmènl5, w& are
requiièd lo determine whelhèw thare Is a material mlsstalement in thÈ flnancial slalemenls oi a
malerial mlsstatement of Ihe other informatim. If, basod on the work we hav8 performed, wc coriGludg
Ihal IherÈ is a malerial misstalèmÈnt of Ihts olher information, we are required to report Ihal facl,
We have nothing to report In Ihls regard.
Oplnion$ 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 kr￿Wledge 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 repc￿L 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 brarK*es rbot visited by L￿., or
the linancial statements are not in agreement with Ihe aCCoun￿ng records and retums; or
certaln disclosufes of Irust8es' remUr￿l811￿ 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
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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. respon￿￿11[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 asSUra￿e 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 Ro￿ts.￿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 mil￿ate those risks, and the aCCoLU￿5. balances and disclosures within
the fiTrancial slaternents wh￿h 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 p￿ce and enquiry of management.
As part of an audit in accordance with ISAS (UK), we exercise professional judgfflent and mainleln
professK)nal sceplicism 1hrOL￿OUl 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 a￿j¢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, inténti￿al 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.
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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 Secl￿ntIng
estimates arKI related disdosures made by ihe trl￿le8s.
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 sfv3nif￿a￿t 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 f￿anCIal 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 Ir￿tter$, the planned
scope and timing of Ihe audil and significant audit findlngs. incjuding any significant deficiencles in
interr￿1 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 f￿rned.
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
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