Board of The Cathedral of St. Anne Belfast Company Limitsd by Guarantee Independent Auditor's Report to the Memb8rs of Board of The Cathedral of St. Anne Belfast MUIR & ADDY Year ended 31 December 2023 Opinion We have audited the financial statements of Board of The Cathedral of St. Anne Belfast (the 'parent company,) and its subsidiaries (the 'group') for the year ended 31 Dernber 2023 which comprise the consolidated statement of financial activities (including income and expenditure account). consolidated statement of financial position, company statement of financial position, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been appSied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdorn Generally Accepted Accounting Practs"Ge). In our opinion the financial statements: glve a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2023 and of its incoming resources and application of sOurces, including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally ACpted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006. Ba81s for oplnlon We conducted our audit in accordance with Intemational Stsndards on Audits'ng (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the financial statements sects'on of our report. Vle are independent of the group and the parent company in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the circumstances set out below, 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. In common with many other entities of this size and nature we have been requested as auditors to assist with the preparation of the financial statements. Concluslons relatlng to golng concern In audits'ng the financial statements, we have concluded that the directors, use of the going concem 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 uncertaints'es relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least e1ve months trom when the financial statements a authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concem are described in the relevant sections of this reporL
Board of The Cathedral of St. Anne Belfast Company Limited by Guarantee IndependentAuditorfs Report to the Members of Board of The Cathedral of St. Anne B8lfast (contlnu•d) MUIR & ADDY GHARTERED A¢¢n•llTAIITS Year ended 31 December 2023 Other Inforniation The other infomation comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assuran conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or othenrrfise appears to be materially misstated. If we identify such material inconsistencies or apparent material misststements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. Vle have nothing to report in this regard. Oplnlons on other matters prescrfbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the directors, report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we ar8 r•qulred to report by exception In the light of the knowledge and understanding of the group and the parent 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, or returns adequate for our audit have not been reiVed from branches not visited by us; or the parent company financial ststements are not In agreement with the accounting records and returns. or certain disclosures of directors, remuneration specified by law are not made. or we have not received all the infomation and explanations we qUIre for our audit,. or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report.
Board of The Cathedral of St. Anne Belfast Company Limited by Guarantee Independent Auditor's Report to the Members of Board of The Cathedral of SL Anne Belfast (continued) MUIR & ADDY CHAHTEAEI AC¢•UIIT ANV5 Year ended 31 December 2023 Responsibilities of directors As explained more fully in the directors, responsibilities statement, the directors (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's abilty to continue as a going conrn, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realists'c altemative but to do so. Audltor's regponslbllltl•s for the audlt of tho flnancial 8tatem8nts 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 to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UK) 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 reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. Irwularities, including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We discussed laws and regulations and fraud risks during our audit planning procedures. The group and the pant company must comply with the Companies Act 2006 and prepare financial statements which give a true and fair view in accordance with the Act and supplementary regulations. They must meet the requirements of charity regulation and apply funds in accordance with any conditions and restrictions attached. The directors consider that fraud, if it were to occur, is most likely to involve the misapproprfation of income. Our engagement team collectively had appropriate experience of applicable laws and regulations and Competen to recognise non-compliance. We used checklists in evaluating the presentation, structure and content of the financial statements. We consider that our audit has a reasonable chance of detecting material non-compliance with laws and regulations. We remain mindful that fraud, by its very nature, may be difficult to detect. Audit procedures were planned and perfonned to test controls in place for recording and banking income from different sources. Vve also undertook analyb'cal procedures to identify trends that might indicate misappropriation of income. We consider that our audit has a reasonable chance of detecting a material fraud in this area.
Board of The Cathedral of St. Anne Belfast Company Limited by Guarantee IndependentAuditor's Report to the Members of Board of The Cathedral of St. Anne Belfast (conllnued) MUIR & ADDY tHAIIEAtD ACC•UTITATITS Year ended 31 December 2023 As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a rnaterial misstatement resulting from fraud is higher than ft)r one SUlting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentakn'ons, or the override of internal control. Obtsin an understsnding of internal control relevant to the audit In order to design audlt procedures that are appropriate in the circumstances, but not for the purpose of expressing an oplnlon on the effectiveness of the intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosUS made by the directors. Conclude on the appropriateness of the directors, use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evldence regarding the financial information of the entities or business ath'vities within the group to express an opinion on the group financial ststements. We are responsible for the direction, superiision and performance of the group audit. We remain solely responsible for our audit opinion. io
Board of The Cathedral of SL Anne Belfast Company Limited by Guarantee Independent Auditor's Report to the Members of Board of The Cathedral of St. Anne Belfast (continued) MUIR & ADDY Year anded 31 Decembar 2023 We communicate with those charged with governan garding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we ale required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assurne responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. JL@.-Fch Mr John Beacom FCA (Senlor Statutory Auditor) For and on behalf of Muir & Addy Chartered Accountants & statutory auditor Muir Building 427 Holywood Road Belfast BT4 2LT 14 March 2024 li