THE MATER HOSPITAL Y P FUND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE MATER HOSPITAL Y P FUND Oplnlon We have audited the financial statements of The Mater Hospital Y P Fund (the 'Charlty') for the y&r ended 31 December 2023 which cnmprise Ihe statement of financial activities. the statement of financial position and the notes to the financlal statements. including a summary of significant aceountlng policies. The financial reportlng framework that has been applied in their preparation is appllcable law and Unlted Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finan¢i81 Reportlng Standard applKable in the UK and Republi¢ ol Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinlon, the financlal stalements: give a true and fair view of the state of the Charity's affairs as at 31 December 2023 and of its in¢oming resources and application of resources. for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practi. and have been prepared In accordance with the requirements of the Charities Act (Northem Ireland) 2008. Basls for oplnlon We conducted our audit in accordance wllh Intemational Standards on Auditing (UK) {ISAs (UK)) and appllcable law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the audit ol the financlal 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, induding the FRC'S Ethical Standard, and w8 have fulfilled our other ethical responsibilities in accordan wtth these requirements. We believe that the audit evidence we have obtained is SLfficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concem In auditing the financial statements. we have concluded that the Trustees, use of the golng concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintles relating to events or conditions that, individually or collectively. may cast significant doubt on the Charity's ability to continue a5 a going concern for a period of at least 1ve months from when the financial ststements are authorised for Issue. Our responsibiliues and the responsibilities of the Truslees with respect to going concern are described in the relevanl sectlons of this réport. Other Inforniatlon 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 conlained within the annual report. Our opinion on the financial stalements does not cover the other Information and, expt to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to ad the other information and, in doing so. consider whether the other Infomialion is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or olherwise appears to b8 materlally misstated. If we Identify 5u¢h 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 conolude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in thi5 regard.
THE MATER HOSPITAL Y P FUND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE MATER HOSPITAL Y P FUND Matters on whlch we a requlred to report by exceptlon We have nolhlng to report in respect of the following matters in relatlon to which th8 Charlties (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion.. the infomiation given in the financlal statements is Inconslstent 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 we have not received all the information and explanations we require for our audit. Responsibllltles of Trustees As explained more ftilly in the statement of Trustees, Responsibilities, the Trustees a responsible for the preparation of the financial statements and for being satisfied Ihat they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financlal ststements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assesslng the Charitys abillty to conllnue as a going concern, disdosing. as applicable, matters related to going ¢oncern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so. Audltorfs responsibllltles forthe audlt of the financial 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 obtan 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 auditorfs 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 rea80nably be expected to irffluen¢e the economic decisions of users taken on the basls of these financial statements. Irregularities, including fraud, are InStanS of non-compliance with laws and regulations. We design procedure5 in line with our responsibililies, oullined above, to detect material misstatements in respect of irre9ularilies, 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 charity and the industry in which it operates. We considered the risk of aGts by the charity whlch were contrary to applicable laws and regulations, including fraud. These Included but were not limited to compliance with Unlted Kingdom Accounting Standards, including Charilies Act (Northern Ireland) 2008 ,Charities (Accounts and Reports) Regulations (Northem Ireland) 2015 and the Charilies SORP 2019 IFRS 102). We focused on laws and regulations that could glve rise to material misslatement in the finanoal statements. Our tests included but were not limlted to: Agreement of financial statements disclosures to underfying supporting documentation. Dlscussions Wlth management regarding specific laws and regulations that may apply to the charlty and the impact of any non<ompliance on the audit- Review of minutes of meetings and correspondence throughoul the pertod and after the year end., Considering the effectiveness of the control environment and monitoring compliance with laws and regulalion Because of the inherent limltalions of an audit, there is a risk that we will not detect all Irregjlarities, including those leading to a material misstatement in the financial statements or non-Gompliance with regulation. This risk increases the more that ¢omplian¢e wth a law or regulation Is removed from the events and transactions refiected 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 due to fraud rather than error. as fraud involves intentional concealment, forgery, collusion, om15sion or misrepresentatlon.
THE MATER HOSPITAL Y P FUND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE MATER HOSPITAL Y P FUND A further dèscription of our responsibilities is available on the Financial Reporting Councll's website at.. https'.11 w.fr¢.org.uklauditorsresponslbilities. This description fomis part of our auditorfs report. Use of our report This report is made solely to the Charity's Trustees. as a body, in a¢GOrdan with Part 4 of the Charilies {Ac¢ounts and Reports) Regulations {Northern Ireland) 2015. Our audit work has been undertaken so that we might slate to the Charity's Twstees 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 audlt work, for this repor( or for the opinions we have formed. /• //& Mccreery rklngton Stockman Ltd 28 May 2024 Chartered Accountants StatutoryAudltor 1 Lanyon Quay Belfast Co Antrim Northem Ireland BT13LG 10-