THE MATER HOSPITAL Y P FUND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE MATER HOSPITAL Y P FUND Opinlon We have audited the financial statements of The Mater Hospital Y P Fund {the 'Charity') for the year ended 31 December 2022 which comprise the statement of financial activities, the statement of financial position and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounling Standards, including Financial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republic ol Iland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the Charity's affairs as at 31 December 2022 and of its incoming resources and application of resources, for the year then ended. have been properly prepared in accordance with United Kingdom Generally ACpted Accounting practi., and have been prepared in accordance with the requirements of the Charilies Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance wilh International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditoffs responsibilities fr)r the audit ol the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, 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. Conclusions relating to going concern In auditing Ihe financial statements. we have concluded that the trustees, use of the going concem ba515 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other information The other information comprises the infomiation included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otheiSe explicitly ststed in our report, we do not express any form of assurance conclusion thereon. 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 course of the audit or othetwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude thal there is a malerial misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
THE MATER HOSPITAL Y P FUND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE MATER HOSPITAL Y P FUND Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Charities (Arcounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the Trustees, report- or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records,. or certain disclosures of trustees, remuneralion specifted by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the statement of Trustees, Responsibilities, the Trustees 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 Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or eOr. In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern. disclosing, as applicable, malters related to going concern and using the going corcern basis of accounting unless the Trustees either intend to cease operations, or have no realistic altemative but to do so.
THE MATER HOSPITAL Y P FUND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE MATER HOSPITAL Y P FUND Auditorfs responsibilitles for the audlt of the flnanclal statements We have been appointed as Auditor under section 65{2) of the Charities Act (Northern Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder. 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 exFected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance 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 gained an understanding of the legal and regulatory framework applicable to the chartty and the industry in which it operates. We considered the risk of acts by the charity which were contrary to applicable laws and regulations. including fraud. These included but were not limited to compliance with United Kingdom Accounting Standards, including Charities Act (Northern Ireland) 2008 ,Charitie5 (Accounts and Reports) Regulations (Northern Ireland} 2015 and the Charities SORP {FRS 102). We focused on laws and regulations that could give rise to material misstatement in the financial statements. Our test5 included but were not limited to-. Agreement of financial statements disclosures to underlying supporting documentstion., Discussions with management regarding specific laws and regulations that may apply to the charity and the impact of any non-compliance on the audit-, Review of minutes of meetings and correspondence throughout the period and after the year end- Considering the effectiveness of the control environment and monitoring compliance with laws and regulation Because of the inherent limitations of an audit, there is a risk that we will not detect all irreg ularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that Compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring rjue to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial slatements is located on the Financial Reporting Council's website at.. http'.Ilwww.frc.org.uklauditorsresponsibilities. This description fomis part of our auditor's report. Use of our report This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. 18 May 2023 1 Lanyon Quay Belfast Co Antrim Northern Ireland BT13LG Mccreery Turkington Stockman Ltd Chartered Accountants Statutory Audltor 10-