Report of the Indepondent Audltors to the members of Kllbrlde Presbyterlan Church YE 31st December 2023 (a charity registered with the Charty Commission ol Northem Ireland) Oplnlon We have audited the financial statements of Gems Northern Ireland Ltd for the year ended 31 December2023 which comprises the Statement of Financial Acbvities and the Balance Sheet and the notes to the accounts. including a summary of significant accounting policies. The financi reporting framework that has been applied in their preparation is applicable law and United lfjngdom Accounting Standards. induding Financid Reporting Standard 102 and statementof Recommended Practice for Charities. The Financial Reporbng Standard applicable in the UK and Republic of Ireland (United lfjrwJdom Genera]ly Accepted Accounting Practice). In our opinion the financi statements: - give a true and fair view of the state ot the charitablè companys affairs as at year ended 31 December 2023 anLI of its incoming resources and application of resources. includino its income and expenditure. for the year then ended; - have been properly prepared in aOrdanCe with United Kingdom Generally Accepted Accounting Practice. and - have been prepared in accordance Mth the requirements of the Companies Act 2006 and the . Charibes Act for Northern Ireland 2008 Bagly tor oplnlon We conducted our audit in accordance vith International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilsbes under those standards are further described in the Auditorfs responsibilities for the audit of the accounts seciion of our report. We are independent of the charty in accordance wth the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical respjnsibilities 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. Concluslong relallng to golng concem In auditing the financial statements, WÈ have concluded that the trustees. use of the going concèrn basis of accounting in the preparation of the financial statements is appropiate. Based on the work we have rformed. we have not identifièd any material uncertainties rèlating to events or conditions that. individually or collectively. may cast significant doubt on the chaTiVs ability to continue as a going concern for a period of at least twelve months from when the nanoid statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this reporL Page 8
Report of the Independent Audltors io the members of Kllbrlde Presbytsrlan Church YE 31 st December 2023 (a charity regISted with the Chaiity Commission of Northern Ireland) Other Informati¢Jn The other informalion comprises the infonnation included in the annual report, other than th8 accounts and our auditorfs report thereon. The Trustees are respjnsible for the other infomiation. Our opinion on the accounts does not cover the other infomation and, except to the extent OtheSe explictlly stated in our report, we do not express any fom of assurance conclusion thereon. In ¢onnection with our audit of the accounts, our responsibility is to read the other information and. in doing so, consider whetherthe other infomiation is matsridly inconsistent with the accounts or our knowledge obtained in the audit or othernvise appears to be materially missLited. If identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the accounts or a material misstatemerrt of the other information. If, based on the worl( we have performed. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Oplnlong on other matters prescrlbed by the Cornpanles Act 2006 In our opinion. based on the WO undertaken in the course of our audr(". - the information given in the Trustees Reportfor the financial year for which the accounts are prepared is consistent the accounts-, and - the Trustees Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlrod to report by exceptlon In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees Report. We havÈ nothing to report in rÈspect of thÈ 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 retums adequate for our audit have not been received from branches not visited by us- or - the accounts are not in agreement with the accounting records and retums; or - certain disclosures of trustees. remuneration speofied ty law are not made; or - we have not received all the infonnation and explanations we require for our audtL Responsibllltles ol Trustees As explained more fully in the Statement of Trustees Responsibilibes, the Trustees are responsible for the preparation of the accounts and tor being satisfied that they givè a true and fair view. and tor such internal control as the directors detemine is necessary to enable the preparation of accounts that are free from material misstatement, whether due io fraud or error. Page 9
Report ot the Independent Audltors to the members of Kllbrlde Presbyterlan Church YE 31 st Decembor 2023 (a charity registered with the Charity Commission of Northem Ireland) In preparing the accounts, the TrusteoÈ are responsi0 for assessing the chariW8 ability to continue as a going concern, disclosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the company or to cease operdtions, or have no r&3listic allemalive but to do so. Audltor's re8ponslbllRl8s for the audlt of the flnanclal slatsments Our objectives are to obtain aSonable assurance about whether the accounts as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditofs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guararrtee that an audit conduotsd in accordance with ISAS (UK) will always detect a materia] misstatement when it exists. Misstatements can arise from fraud or error and are considered Materi if, individualty or in the aggregate. they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these accounts. Irregularities. including fraud, are instances of non-compliance Vdith laws and regulations. We design procedures in line w5th our responsibililies. ouuined above. to detect material misstatements in respect of irregularities. induding fraud. The extent to which our procedures are capable of detecting irregularities. including fraud. is detwled below. We obtained an understanding of the legal and regulatory framework applicable to the company through enquiry ot mana9emen( industry research and the application of eumulativa audit knowledge. We identified the followng principal laws and regulations relevant to the company- Companies Act 2006 and the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102). We developed an understanding of the key fraud risks to the entity (Including how fraud might occur), the controls in place to help mitigate those risks, and the accounts. batances and disdosures within Ihe financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financiat sLitements for significant accounting estimates. andysis of joumal enlTies, walkthrough of the key controls cycles in place and enquiry of management. Our procedures to respond to those risks identified included. but were not limited to: Enquiry of managemenL those charged with govemance and the entitys solicitors around acbJal and potsntiai litigation and claims. Enquiry of management to identity any instances of non-compliance with laws and regulations. Reviewing minLrtes of meetings of those charged with governan¢e. Reviewing financial statement disclosures and testing ttj supporting documentation to assess compliance with applicable laws and regulation5. Auditing the risk of management override of Controls, including through testing journal entries and other adjustments for approprtateness, and evaluating the business rationale of significant transactions outside the normat course of business. Page 10
Report of thè Independent Audltors to the members of Kllbrlde Presbylerlan Church YE 31 st December 2023 (a charity registered wTrth the Charity Commission of Northem Ireland) A further description of our responsibilibes for the audit of the accounts is located on the Financial Reporting Council's website at: htty)"JlwAw.frc.org.uklauditorsresponsibilities. This descripts'on forms part of our auditorfs reporL This report is made solely to the charitable companls members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable compan$ members those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent perm5tted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body. for our auditworK for this report. or for the opinions we have fonned. Jl CrfaAI 30th March 2024 FPM Accountants Ltd. UN1 Building 10 Central Park Mullusk Co. Antrim BT36 4FS Page 11