CIIAitTF.]LEfJ ACCOUNTAN'TS
Open House Festival Limited
(A Company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF OPEN HOUSE FESTIVAL
LIMITED (a compAny limited by guarantee)
YEAR ENDED 31 MARCH 2023
Opinion
We have audited the fiftancial statements of Open House Festival Limited (the 'parent charitable company,)
and its subsidiaries (the '8roup) for thc year ended 31 March 2023 which comprise the Consolidated
Statement of Financial Activities (including income and expenditure accounl). the Consolidated Balance
Sheet, the Parent Charitable Company Balance Sheet, the Consolidated Statemenl of Cash Flows and notes
to the financial statements. including significant ac¢ounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standard5, including
Financial Reporting Standard 102 The Financial Reporling Siundard applicable in ihe UK and Republic of
Jreland {United Kingdom Generally A¢¢ept¢d Accounting Practice).
In our opinion th¢ financial slatements:
give a true and fair view of the state of the group's and of the parent charitable company's affairs as at
31 March 2023, and of the group's incoming r¢sourc¢s and application of resource& including its income
and expenditu￿. for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted A￿oUntIng
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK)(ISAslUK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the group
and parenl charitable company in accordance with th¢ ethical requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Eihical Standard, and the provisions available for
small entities, in the ¢ir¢umslances set out in note 31 to the financial statements, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit eviden¢e we
have obtained is sufficient and appropriate to provide a basis for our opinion.
10
A]f￿d Howe
19Alfrrd Stro
liUIAsr 8KQ
DX 3910 NR BEI.FAST.50
Centvry House
40 Crt*ceDt Bufjln￿ PArk
K.tsHuB
Ff28 2GN
l7 Mandevillestrttt
FORTADOWN
CEaigavoD
BT62 3PB
Tel.. +44(ok8 9031 1113
Fax.. +4410)28 9031 OTn
Ttl.. +44(0)28 9260 7355
Tlax.. +44(oW 9260 i6,56
Tcl: +44(0)￿8 3333 2801
Fax: +44(0)483835 0293
(*4rtLYcdArwnlants I11*1#Th4AThlitors l awlcrwJTaxAd¥lwrs I I C0rNY4reVlnu￿Advkn
GM¢friJW IT•thgD•meofGblLGlkthw I￿￿11(d. Ile&lkn 141059660. liBlofDiredor¥mfaithal reBtsleTed oifK¢
Rryittwedt• rtsmdudayth ￿￿￿t￿lI*ll1￿1lluledC￿art￿￿A￿uThElnrS{Th Irel

Open House Festiival Limited
(A company limited by guarantee)
INDEPENDEIYT AUDITORS, REPORT TO THE MEMBERS OF OPEN HOUSE FESTIVAL
LIMITED (a company limlted by guarantee) (conlinued)
YEAR ENDED 31 MARCH 2023
Conclusions relaling to going ¢oncern
In auditing the financial statements, we have con¢luded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertaintie5 relating to events
or conditions that individually or collectively, may cast significant doubt on the group's and parent
charitable company's ability to conlinue as a going concern for a period of at least twelve months from
when the financial stat¢m¢nts are authorbsed for issue.
Our responsibilities and the responsibilities of the trustees wilh respect to going concern are d¢￿ribed in
the relevant sections of this report,
Other informalion
The other infomiation comprises the infonnalion included in the trustees, annual report other than the
financial statements and our auditor's report th¢r¢in. The trustees are responsible for the other inforniation
contained within the annual report. Our opinion on the financial statements does not cover the other
inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any forni
of assurance conclusion thereon.
Our responsibility is to read the other infonnation and, in doing so, consider whether th¢ other inforniation
is materially inconsistent with thc financial statements or our knowledge obtained in the course of the audi(
or otherwise appears to be materially misstated. If we idenlify such material inconsistencies or apparent
material misslatements. we are required to deterniine whether this gives rise to a material misstatement in
the financial statements themselves. If based on the work we have perfornicd, we conclude that there is a
material misstatement of this other inforniation, we are required to report that fact.
We have nothing to report in this regard.
Oplnlons on other matters prescribed by Ihe Companies Act 2006
In our opinion, based on the work undertaken in the course of ihe audit:
the infornialion given in the trustees, report which includes th¢ directors, report prepar￿ for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements. and
the directots, report included within the trustees, report has been prepared in acwrdance with
applicable le8al requirements.

Open House Festival Limited
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF OPEN HOUSE FESTIVAL
LIMITED (a company limited by guarantee) (colllinued)
YEAR ENDED 31 MARCH 2023
Matters on which we are required lo report by exception
In the light of our knowledge and understanding of the group and parent charitable company and its
environment obtained in the course of the audit, we have not identified material misstatements in the
directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept by the parent charitabl¢ company, or returns adequate
for our audit have not been received from branches not visited by us. or
the parent company's financial statements are not in agreement with the accounting r￿ordS and
relurns; or
ccrtain disclosures of directors, remuneration specified by law are not made; or
we have not received all the inforniation and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies. regim¢ and take advantage of th¢ small companies, exemplion5 in preparing the directors.
report and from the requirement to prepare a strategic report.
Responsibilities of Irllstees
As explained more fully in th¢ statement of directors, responsibilities set out on pages 8 and 9. the trustees
(who are also the directors of the parent charilable company for thc purpose of company law) are responsible
for the preparation of the financial statemenls and for bcing satisfied that they give and true and fair view.
and for such internal control as the trustees detennine is necessary to enable the preparation of financial
statements that are fr¢e from material misstatement, whether due to fraud or error.
In preparing the financial slatem¢nts, Ihe trustees are responsible for assessing the group and parent Charitable
company's ability to conlinue as a going concern, disclosing, as applicable, matters related to going concern
and using the going concern basis of accounting unless the trustees either intend to liquidate the group or
parent charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilitie8 for the audit of the financial statements
Our objectives are to obtsin reasonable assurance about whether ihe financial statements as a whole are free
from material misslatemenL whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarant¢¢ that an audit conducted in
accordance with ISAS (UK) will always d¢t¢ct a material misstatement when il cxisls. Misstatements can
arise fmm fraud or error and are considered material if. individually or in the aggregate, they could rcasonably
be expected to influence the economic decisions of users taken on the basis of th¢s¢ financial statements.
Irregularities. including fraud. are instances of non-compliance with laws and re8ulalions. We design
procedures in line with our responsibililies, outlined alx)ve, to detect material misstatements in respect of
irregulariti¢s, including fraud. The specific procedures for this engagement and the extent to which these are
capable of detecting irregularities, including fraud is detailed below:
12

Open House Festival Limited
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF OPEN HOUSE FESTIVAL
LIMITED (a company limited by guarantee) (conllnuedj
YEAR ENDED 31 MARCH 2023
Extent to which the audit was considered capable of detecling irregularities, ineludlng frAud
We identify and assess the risks of material misstatement of the financial statements, wheiher due to fraud or
error, and then design and perforn) the audit procedures re5ponsiv¢ to those risks, including obtaintng audit
evidence that is sufficient and appropriate to provid¢ a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and regulations, we considered the following:
The nature of the industry and sector, control environment and charity's financial results and
position.
Results of our enquiries of management about their own identificalion and assessment of the risks of
irregularities.
Any matters we identified having obtained and reviewed the group and parent charitabl¢ company's
documentation of their policies and procedures relating to:
Identifying, evaluating and complying with laws and regulations and whether they were aware
of any instances of non-compliance;
Dctecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud; and
The internal controls eslablished to mitigate risks of fraud or non-compliance with laws and
re8ulations:
The matters discussed among the audit engagement t¢am regarding how and where fraud might occur
in the financial statements and potential indicators of fraud.
As a result of these procedures, w¢ considered the opportunities and incentives that may exist within th¢
group and parent charitable company for fraud and identified the greatest potential for fraud in revenue
recognition. In common with all audits under ISAS (UK), we are also required to perforni specific procedures
to respond to the risk of management override.
We also obtained an understanding of the Icgal and regulatory frameworks that th¢ group and parent
charitable company operates in, focusing on provisions of thosc laws and regulations thai had a direct effect
on the d¢tem)ination of material amounls and disclosures in the financial statcments. The key laws and
regulations we considered in this context included Charity l¢gislation applicable to Northern Ireland,
Charity's governing document and local tax legislation.
We also obtained an understanding of th¢ le8al and regulatory frameworks that the Charity operates in,
focusing on provisions of those laws and regulations that had a direct effect on the deterniination of material
amounts and disclosures in the financial statements. The key laws and regulations we considered in ihis
context included Charity legislation applicable to Northern Ircland. Charity's governing do¢ument and local
tax le8islation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental to the group and parent charitable
company's ability to operate or to avoid a material penalty.
13

Open House Festival Limited
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF OPEN HOUSE FESTIVAL
LIMITED (a ¢ompany limiled by guarantee) (conllnued)
YEAR ENDED 31 MARCH 2023
Audlt response to risks Identified
Our procedures to respond to risks identified include the following:
R¢viewing the financial statement disclosures and testing to supporting documentation to
assess compliance with provisions of relevant laws and regulations describcd as having A direct
effect on ihc financial statements.
Enquiring of management concerning actual and potenlial litigation and claims.
Perfomi ing analytical procedures to identify any unusual or uncxpected relationships that may
indicate risks of malerial misstatement due lo fraud;
Reading minutes of meetings of those charged with governance and reviewing coffespondence
with tax authoriti¢s' and
In addr¢ssing the risk of fraud throu8h management override of controls, testing the
appropriateness of joumal entries and other adjustments; asscssin8 whether the judgements
made in making accounting estimates are indicative of a polential bias; and evalualing th¢
business rationale of any significant transactions that are unusual or outside the nornial course
of business.
We also communicaled relevant identified laws and regulations and potential fraud risks to all engagement
teams members and remained alert to any indications of fraud or non-compliance with laws and regulations
throughout th¢ audit.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected
some material misstatements in the financial stst¢ments even though w¢ have properly planned and
perfornied our audit in accordance with auditing Standards. In addition, as with any audit, there remains a
higher risk of non-detection of irregularilies, as they may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal controls. We are not responsible for preventin8 non-
compliance and cannoi be expected to delect non-compliance with all laws and regulations.
A further description of our responsibilities is available on th¢ Financial Reporting Council's website at
res
onsibilities. This des¢ription fonns part of our auditor's report.
14

Open House Festival Limited
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF OPEN HOUSE FESTIVAL
LIMITED (a company limited by guarantee) fconlinued)
YEAR EIYDED 31 MARCH 2023
Use of our report
This ￿Port is made solely to the charitable company's truslees, as a body, in a¢¢ordance with in accordance
with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken go that we might
state to the charitable company's trustees those matters we are required to state to them in an auditor's report
and for no other purpose. To the fullest extent pern)itted by law, we do not accept or assume responsibility
to anyone other than the charitable company and ihe charitable company's members as a body, for our audit
work. for this report, or for the opinions we have forni¢d.
Nigel Moo
A (Senior Statutory Auditor)
for and on behalf ofGMeG BELFAST
Chartered Aeeountant$
Slotutory Auditor
Chartered Accountants & Statutory
Auditor
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Is