Northern Ireland Kidney Research Fund Limited
Company limited by guarantee
Independent auditor's report to the members of
Northern Ireland Kidney Research Fund Limited {Gontlnued)
Year ended 5 April 2023
Independent Audltor's Report to the Members of Northern Ireland Kidney Research Fund Limited
Oplnlon
We have audrted the financial statements of Northern Ireland Kidney Research Fund Limited {the 'charitable
company,) for the year ended 5 April 2023 which comprise the statement of financial activities and statement of
financial position and notes to the financial statements, including significant accounting policies. The financial
reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Generally AC￿pted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 5 April 2023, and of its
incoming resour￿$ and application of resources, including its income and expenditure, for the year
then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are re18vant 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 the financial statements, we have concluded that the trustees. use of the going concem basis of
accounting in the preparation of the financial statement5 is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
conditions that, individua51y or collectively, may cast significant doubt on the charitable companys ability to
corstinue 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 infomiation comprises the information included in the trustees, annual report, otherthan the financial
statements and our auditor's report thereon. The trustees are responsible forthe other information. Our opinion
on the financial statements d￿S not cover the other information and, except to the extent otherwise explicitly
stated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read
the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the
financial ststements or our knowledge obtained in the course of the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatemenls, we are required to
determine whether this gives rise to a material misstatement in the financial statements themselves. If, based
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Northern Ireland Kidney Research Fund Limited
Company limited by guarantee
Independent auditor's report to the members of
Northern Ireland Kidney Research Fund Limlted (continued)
Year ended 5 April 2023
on the work 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audrt:
the information given in the trustees, report, which includes the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial ststements,. and
the directors, report included within the trustees, report has been prepared in accordan￿ with applicable
legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment Dbtained 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 Companies Act 2006
requires us to report to you ff, 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 financial statements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit- or
Responsibilities of trustees
As explained more fully in the tfUStees' responsibilities Statement Iset out on pagel, the trustees (who are also
the directors of the charitable company for the purposes of company law) 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 trustee5 detemiine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, a5 applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain feasonable 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 reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
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Northern Ireland Kidney Research Fund Limited
Company Ilmited by guarantee
Independent auditor's report to the members of
Northern Ireland Kidney Research Fund Limited (continued)
Year ended 5 April 2023
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below=
.Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misststement in the financial statements or non-compliance wilh 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 due to fraud rather than error, as fraud involves
ntentional concealment, forgery, collusion, omission or misrepresentation.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintsin professional
scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that
is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions. misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstsnces, but not for the purpose of expressing an opinion on the
effectiveness of the charitable company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Condude on the appropriateness of the trustees, use of the going concern basis of accounting and.
based on the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the charitable company's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our
auditorfs report to the related disclosures in the financial statements or, rf such disclosLtres are
inadequate, to modrfy our opinion. Our conclusions are based on the audit evidence obtained up to the
date of our auditorfs report. However, future events or conditions may cause the charitable company to
cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in
a manner that achieves fair presentation (ie. gives a true and fair view).
We communicate with those charged with governance regarding, among other matter5, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in intemal control that we
identrfy during our audit.
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Northern Ireland Kidney Research Fund Limited
Company limited by guarantee
Independent auditor's report to the members of
Northern Ireland Kidney Research Fund Limited (contlnued)
Year ended 5 April 2023
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so thatwe might state to the charitable
companls members those matters we are required to state to them in an auditorfs report and for no other
purpose. To the fullest exlent permitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and the Charitable company's members as a body, for our audit work, for this report, or
for the opinions we have formed.
Chris Fleming FCA
Allen Fleming
Chartered Accountants
Old Bank House
161-163 Upper Lisbum Road
Belfast
BT10 OLJ
Date: 20 September 2023
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