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
I￿land (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 AC￿pted 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 othe￿iSe 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 e￿Or.
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-