Londonderry Innor Clty Trust
Compafty Ilmltod by guaranto•
Indap•nd•nl audltor'* report lo th• nwrnb•r• ol
Londondwry Inn•r Clty Trnsl (contlnu*l)
Y••r •nd•d 31 March 2024
Oplnlon
We have audil8d the linancial slalemenls of Londondorry Inner Cty Tfusl lor Ihe year ermded 31 March 2024
thich comprise the Consolidated Slalement ol Financial Actwities, Cornpany Statement ot Flnan¢ial Activities,
Consolidalad Balanco Sheol, ConsolKlaied Stai8menl ol Cash Flows and noles lo the flnanc1￿ slatements,
induding a summary of slgnilicanl accounting The flnanclal reportlng Iramework that has been
•pFlled In t￿11 preparation applicablo law and Uniled Kingdom Ac<x)uffling Standards, Inrludkng FFIS 102
The Flnanclal ReportlTrJ sL￿￿ard awlcablo In the UK arKI Republ￿ ol Iraland {Unfted Klngdom Gon•raUy
Acceptad Accountlw Pracllc8).
In tsjr opnion, the finartial stat•mgnt8:
give a true and lalr ￿eW of the state ot the group's aThJ th• paronl company8 arfaifs as al 31 March 2024
and of tho group profft for the year thon endod.
havo bo•n proporty prepared in accordance wilh Unilod Kingdom Gorwally Ac•od Accounllw Practice;
and
have be•n prepared in accordanco ￿th the rwulromonts ol the Corrpanle$ Act 2006.
B•81• lor Oplnlon
We conducted our a￿11 in accofdance vrith Inlemalional Slarnlards on AudNlng IUKI IISAS IUKII ar*d
applicablè law. I￿1 fesFX)nS￿)1Il1Ieg under those $tandards are furth6r d•xribed in the audllorf$ resF#Jnsibilrtl8S
for Iho aLKIIi of the financial statem8nlS soc￿)ft ol our report. We aro IrKlopendoni ol tho company In
accordanc8 whh the elhlcal roqulremonts Ihat aro ral•vant lo our audil of the linanclal 8tai8monts Sn the UK,
ncluding lh8 FRC'$ Elt4Gal Standard, and we have lumilled our other 9th1￿1 r8sponslbllllies In accordance with
these requlrements. We bellove Ihal Ihe audtt evKI9￿ ￿ have Is sulllclenl and apyoprlalfr lo
provwje a ￿13 lor our Opinion.
Con¢lu•lon• r•l•tlng to golng conc•m
In auditing Ihe linan¢i81 slatements, w8 have (x)nclud8d thal the dir6(aor8 U80 ol the goirKJ concom basi8 01
aC￿UntIng In the proparallon of tho flnanclal staiem•ni$ Is appro￿al8.
Based on Ihe work wg hav8 performed, we have rnl identiliod any material uncertainties relating to èvonis or
condition8 thai, indivKlualty or colloctivolyi may cast S￿n[liCan1 doubt on the Mmpanls abllity to continu& a8 a
golng concorn lor a poriod ol al loast Iwelve months Ifom ￿t￿n the finanrial statements are aulhorised lor
18$ue.
Our roswnsibililies and the re8ponsibifrties of diroctar4 Imth rospocl lo golng corKem are descrlbed in th•
rdevanl socllons of thi$ report.
Othr Inlornmllon
The other inlormaiion comprises tho information includad in the annual report. olher than Ihe linancial
statements our audlior's report Ihereon. The dlieclors are respons*bl8 lor the other Information. Our
opinlon on the Ilnancial slatemenls does not cover iha other infomiation arml, ex￿pt to the oxlenl otherwise
explicitly $laled in our r•port, we do noi express any lomi ol assura￿￿ conclusion Ihoroon.
In connection wlth our audit ol the flnancial 51atements, our responsitslty is to road the Ott￿r infomatton and,
In dolno 80, conslder vknether iho oth•r Inlormaiion la rnaiorlalty Inconslsi8ni wlih the Tlnanclai ststomgnts or
our knowledg8 obia1n￿l In tho audlt or othenvlso appoars to be Mala￿allY misstated. It we idèntify such
materiat inconsistencles or apparent malerial misslalements, we are requlrod lo delerrnlne whethor there 1$ a
fflat8rlal misslaiemeni in the linancial slatements Of a material misstatement ol tho oihor information. If,
based on the work we have performed, we conclwle ihat ihere is a matèrial misslalemonl ol this olher
inlormalion. we are required lo report that fact.
We have ￿thIng to re￿rt In thls regard.
P•g• 7

Londonthny Innor ￿ TNst
Comp•Try Ilmllod by guarnnt••
Indapandènt audltorfs report to th• m•mber• ol
Londondorry Inner Clty Trusl (¢onllnu•d)
Year •ndod 31 March 2024
Matt•r¥ on whleh w• •f• roqulrod lo raport by •x¢•pJon
Wo have nolhlrvj to r•KKJrt In respect of the folo¥AryJ rnattors th• CompAnl•¥ Aci 2006 requlres us io
report to youll. In our opinion..
ad8quale accounting records hav8 not kept, or relums •Jequate fof audlt have nol rocefved
Irom branches not visited by u8., or
the flnancial stalamonts are not In agreomenl the acc￿ records Iho returns; or
cwtsln disclosures ol diroCtor8' remuneratlon sp8¢rfied by law ar¢ not made: or
we have r￿1 received all th8 inlormation and axplanations we requlia lor our audrt; or
the diraclors were not entitled lo prepare the fInar￿1￿ statements In a¢cordarKe ￿th the small companies
reglme and lake advantage ol tho 8mall companlos. exemptlon8 In preparlng tha dlrKlors' r8POrt and Irom
the roquiremonl to prowe a slrategk r8wJrt.
RMponglbllttl•• ol dlr•clor•
As explalned more fuly Sn the dlrectors, r8sponslbllhioS Slalemonl, th• dfectorn aro responslble for the
preparation ol the Ilnartial statements and lor beFng sailsfl8d that Ihey grrfe a true and fair vigw, and lor Such
Internal control as the dirociors delermine is no¢essary lo enable the preparation of financi& Jtalement$ that
aro Iroe trom m*erlal misstatemoni, whoih•r dua 10 IraLkd or 8rror.
In preparlng the Ilnandal siatements, the directors are respon$lble for assessing the companys ablllty lo
contlnue as a going concern, discloslng. as apFl1Cab￿, mattèrs related lo going Concern and using the 901
concern basls ol a¢¢ounling unless th8 diraclors either Inlend to liquidaie Ihe company or to cgas• oparallons,
OT have no realistic aliernatNe bul to do so.
Audltor'• r••pon￿bIlItl0* lor th• audlt of lh• IIMne1￿ •t•t•m•nls
Our objectives ar8 lo obtain reasonable as8uranGe aix)ut whether the lknanclal 8lalements a$ a whole are Ireg
Irom material misstatoment, whether due lo fraud or error, and to 188ue an auditor'8 report that includes our
oplnlon, Reasonable assuran¢e 5$ a h￿h levd of assurance. txjl is not a guarantee that an audll conducted In
accordance wtth ISAS (UK) will alway3 detect a Materi￿ misstatement when It exists. Misstatements can arlse
Irom Iraud or error and are con$ideied material if, indlvmlualty or in tho aggregate. Ih8y could reasonabty b8
expected to inlluence the economlc dgcislon5 crf usef5 laken on the t)asts of these linanclal slaiements.
Irrogularliies. Includlng Iraud, arè instsnce8 of non<ompllaneg wlth laws and regulallons. We dgsign
procedures in Ilne wlth our r6w)rrsitsllties. outlined above, to deteci material misslalemenls in rgspecl ol
!rr8gulariUe$, Including fraud. The oxtont tt) whi¢h our wocedurns are capabkg Ot delectlng Irregularili86,
Includlng fra￿1 Is detailed bek)w'.
Idenlltylng and •ssa*slng pol•ntl•l rfgks rnl•led to lryul•rltle•
In identifying and assessing risks ol material misslalemenl in respe¢l of irregulariti8$, including liaud and
non-compilance Wlth laws aTrJ regulatlons we ¢onsldered folknwlng:
the nalure of the industry and sector and conlrol envlronment
lh• 18oal and rgoulawry Iram•wotk a￿le8t1•. th• r•8ull$ ol our •nquiri•s of managom•nt and oth•r k•y
persons about Ihelr ¢7wn ld8ntll￿a1lOn and assessment of tho rfsks arrtl Irrepularllles
Ihe Charity own policie3 and procedures on Comp1wn￿ vrith laws and regulatlons including any Inslances
ol nonryCoM￿I3nC9

Londond•rry Inn•r Clty Tru8t
Comp•ry Ilmll•d by guarnntoe
Indo￿ndon1 •udttorfs r•port to the mwnborn 01
Londonthry Inn•r Clty Trust {conthu•d)
Yur •nded 31 M•r¢h 2024
Audlt rnspanM to rl** Id•ntlll•d.'
As a r85uII ol p8rfomirvJ Ihe al)ove we klenlsfied and ￿rIorMed the folk)wing procedures
enquiry ol managomenl, Ihose thargad wilh governance around aciLwi and potential lilwalion and claims.
enqulry ol enlty staff in complIa￿a lunctk)ns lo id•nlfy any instances of non<ompliance vlth Lgws and
reoulatlons.
Re￿￿09 flnancial statomant disclosuros and tosllryd to 8upwrtlng dwm8ntalion lo a8se88 CA)M￿lanCe
wth appllcabla laws and roqulalions.
Performlng analyiical procoduras to idantity any unusual or unexpociod rélation8hlps that may Indica18 rlsks
ol mat8rial misstat8ment due to traud.
Auditing the rlsk of management override of controls, Including throLwh iesling journal entries and olher
adjuslrnents for approprlalenoss. ar#8 evaluating the buthass ralionalfr ol Signif￿nI transacllons outsid•
the normal ¢ourso ol business
As part ol an audlt In accordance wilh ISAS IUKI, we exerclso proleslional ludgm•nt and malntaln
prolessional scepllcism thrOL￿hOUl the audit. ￿ also:
Identffy and assess Ihe risks ol maierial mi$8latement of the financial slalemanls, wheihef duè to fraud or
Offoi, desvJn and portorrn audit procedure8 responsive to those risks, and obtain audlt evKlence Ihal IB
$ullicient and appffjpriaio 10 provido a basis lof our opin￿n. The risk ol r4Jl doiectlng a materfal
misstatemenl resultlng from fraud is hKJher Ihan lor one resullino from error. as liaud may invofve collusion,
forgery, Inlenliond omission$, mi$repr?$8ntatK)ns. or the ovefrkla ol Snlernai control.
Obtain an undor8taDding ot intemal control rdevant to the audit In order to design audil procedures t￿1 ar8
approprkqle in the clrcumstances, but not lor tho pUfW￿ ol •xpre85iNJ an oplnv)n on the elfg¢lN•nos5 01
tha inl8ind conlrol.
Evaluate the approwialeness ol accouniiNJ p)liC￿$ used and the reasonableness of accounting o$1imalOS
and felaled disclosures made by the direclors,
Condude on th8 8pwopiial8n8SS Ot the diraclors use of ihe goin9 concern basis of accounlng and, based
on the audll evidence oblainod, whelher a maierial unc•rlainty 8xisl$ rolaiod to Wonts or coThlltbn$ Ihal
may casl slgnrfleAni doubl on tha company s th'lity to conllnue as a going concern. 11 we concluda Ihal
material uncerlainly exists, we are rwuired to draw attanlion in our audilor's report lo Ihe related
dlsclosures In Ihe financlal Sialemonl8 or, il Such d18d￿UreS ar8 inadequate, to modlly our oplnion. Our
condusions are based on the audit ovidonce obtainod up lo the dale ol our audllor's report. However,
lulure events or conditions may ¢au$a Ihe corpany to cease to contnue a$ a going ¢oncern.
We communlcale wilh Ihosa charged governance regardlng, arnono olher matters, the planned scope
and timing ol Ihe audli and s￿nI11¢an1 audll li￿1￿8, in¢ludirKJ any sKJnifKanl dollci6nclos In intamal control
thal we klantity durlng our audit.
Pag• 9

Londondorry Innw Clty Trust
com￿nY Ilmll•d by guarnnl••
Inlkpendenl audliorf8 r•port to Ihe m•mbw8 Ot
London(kny Inner Clty Tru81 (contlnu•d)
Ymr •nd•d 31 March 2024
ol our r•port
This report is mado solety lo the companis mambars, as a body. in accordance wAth Chapter 3 01 Part 16 01
the Our audtt work has been urKgertaken so that we mlghl stale to the companys members Ihoso matters we
are required to stale to thssm in an audttors report and for no other purpose. To tho lull&$t extern pemitted by
law, we do not accem or assume responsiixlity to ansDne other than tho company and the companys
membars a8 a body. for our aLhSil for this report, w for Iho op1nior￿ we havo form&l.
Conor M¢Atoer (Senior Stalulory Audilorl
For arnl on bohall ol
Fergus McAleer & Co., Statutory A(Klitor
Chartared Accountants and Régistered Auditor$
31133 Clarofthn Slrn81
Darry
8T48 7ER
2 7 JUN 2024
27 June 2024
P•g• 10