THE AIRAMBULANCE NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE AIR AMBULANCE NORTHERN IRELAND Opinion We have audited the financial statements of The Air Ambulance Northern Ireland (the 'charity'l for the year ended 31 March 2024 which comprise Ihe statement of fin8naal activities. the balance sheet. the statement of cash flows and the notes to the financial statements, induding a summary of SnIfICant accounting policies. The financial reporting framewort( that has been applied in their preparation is applicable law and United Kingdom Accounts-ng Standards, including Financial Reporting Slandard 102 The Filpancial Reporting Standard applicable in the UK and Republic of Irelarjd (United lfjngdom Generalty Accepted Account"ng Practicel- In our opinion, the financial statements.. give a twe and fair wew of the stste of the charitable company's affairs as at 31 March 2024 and of its incoming resour 8nd application of reSoUrs. including its income and expendtture, for the year then ended., have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practi. and have been prepared in accordan with the requirements of the Companies Act 2006. Basls lor oplnlon We conduded our audit in accordance with Intemational Standards on Auditing {UKI IISAS {UK}l and applicable law. Our r8sponsibilities under those stsndards are further described in the Auditorfs responsibilities for the audit of the financi81 statements section of our report. We are independent of the charity in accordance with the ethic81 requirements that ar8 relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fvlfilled our other ethic81 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 Iru5tees' use of the going concem basis of accounting in the preparation of the financial ststements is appropriate. Based on the Work we have performed. we have not identified any material UnrtaIntieS relating to events or conditsons that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going conrn for a period of at least fv1ve months from when the financial ststements are 2Uthorised for issue. Our responsibilities and the responsibilities of the trustees with Spect to going conrn are described in the relevant sections of this report. Other Infomiatlon The other information comprises the infomiation included in the annual report other than the financial statements and our auditorfs 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 infomiation and, except to the exient otherwise explicidy stated 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 wtth the financial statements 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 misstatements. we are required to deternine whether this gives rise to a Material misstatement in the financial statements themselves. If, based on the WOTk we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. have nothing to report in this regard. Oplnions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of our audit.. the infomation given in the trustees, report for the financial year for which the finanual statements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial statements,. and the directors, report included wthin the trustees, report has been prepared in accordance with applicable legal requirements.
THE AIR AMBULANCE NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE AIR AMBULANCE NORTHERN IRELAND Matters on vthieh we are required to report by exceptlon In the light of the knowledge and understanding of the charity and its 8nvironment obtsined in the course of the audit, we have not identified malerial misststements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relab'on to which the Companies Act 2006 require5 us to report to you if. in our opinion-. adequate accounting records have not been kept, or relurns adequate for our audit have not been reiVed from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns., or certain disclosu$ of trustees. remuneration specified by law a not made,. or we have not received all the information and explanalions we require for our audit., or the trustees were not entitled to prepare the finanaal ststements in accordan with the small companies regime and take advantage of the small companie5, exemptions in preparing the trustees. report and from the requirement to prepare a strategic report. Responslbllltles of trustees As explained more fulty in the ststement of trustees, responsibilities, the trustees. who are also the directors of the charity for the purpose of company law. are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees 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 Irustees a responsible for assessing the charity's ability to continue as a going concem. disclosing. as applicable. matters related to going conrn and using the going COnM basis of a¢¢ounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative bLrt to do so. Auditorfs responsibilities for the audit of the financial slatements Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditols 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 reasonabty be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud. is detailed below. Extent to which the audit was considered capable of delecting irregularitlos, Including fraud The objectives of our audit in Spect of fraud, are- to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of malerial misstatement due to fraud. through designing and implemenling appropriate responses to those assessed risks- and to respond appropriately to instsnces of fraud or suspected fraud identified during the audiL However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with govemance ofthe charitable company. Based on our understanding of the charitable company and its operating environment, we detem)ined that the mosl significant frameworks which have a direct impact on the preparation of the financial statements are those related to the reporting framework, IFRS 102, the Charities Act (Northern Ireland} 2008, The Charities (Accounts and Reports) Regulations {Northem Ireland) 2015, the Charity SORP and the Companies Act 20061. Addits'onally, we concluded that there are significant laws and regulations in relakn'on to the company's charitable status and activities of which non<0mplian may have a material effect on the financial stslements. We assessed Ihe susceptibility of the charitable companYs financial ststements to material misstatement, including how fraud might occur, induding evaluating managemenvs incentives and opportunities to manage eamings or influence the reported results. From the results of our assessment, we determined that the principal risks of fraud relate to posting inappropriate journal entries and use of charty funds for purposes outsid8 of restrictions imposed by the donor. In common with all audits under ISAS (UK), we are required to perform specific procedures to respond to the Tisk of management override. 10-
THE AIRAMBULANCE NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE AIR AMBULANCE NORTHERN IRELAND Audit response to risks identified As part of an audrt in accordance with ISAS {UKI we exercise professional judgement and maintsin professional sceplicism throughout the aud Audit procedures perfomied by the engagement team included." We obtained an understsnding of the charitable company's intemal control systems in order to design audit prOdureS that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the charitable company's internal control_ We obtained an understanding of how the charitable company COTnplies with relevant12ws and regulations, induding those as a result of its registration with the Charity Commission for Northem Ireland and charitable ststus with HM Revenue & Customs , by making enquiTies of management and those charged with govemance. Enquiry of management. those charged with governan and the enttty's solicitors around actual and potential libgation and claims. Enquiry of entity stsff to identify any InStanS of non-complian with laws 2nd regulations. Perfomiing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud Reviewing minLJtes of meetings of Ihose charged with governance Reviewing financial statement disclosures and testing to supporbng documentstion to assess compliance with applicable laws and regulations. We lest the completeness of donations and legaaes income to address the risk of fraud in revenue recognits'on. Auditing the risk of management override of controls, including through testing journal entries and other adjuslments for appropriateness, and evaluating the business rationale of significant Iransactions that are unusual or outside the nomial course of business. Auditing Ihe risk of use of charity funds outside of resln'ctions imposed by the donor by review of fvnding letters of offer to identify restrictions, and VIeW of funding daims prepared by management to check Complian with reslri¢tions. We communicated levant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non-complian with laws and regulations is from the events and transa¢tions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misststement due to fraud is higher than the risk of not detecting one resulting from eOr, as fraud may involve deliberate concealment through collusion. forgery. intentional omissions, misrepresentations or the override of internal control. A further description of our responsibilities is available on Ihe Financial Reporting Council's website at.. https.'Il www.frc.org.uklauditorsresponsibilities. This descripb'on forms part of our audito¢s report. Use of our report This report is made solely to the charitable companKs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charitable companls members those matters we are required to state to them in an auditorf5 report and foi no other putpose. To the fvllest extent petrnstted by law, we do not accept or assume responsibility to anyone other than Ihe charitable company and the charitable company's members as a body, for our audit work, for thi5 report. or for the opinions we have fomied. Dr R I Peters Gallagher OBE FCA (Senior Statutory Auditor) for and on behalf of Moorg (Nl) LLP 28 November 2024 Chartered Accountants Ststory Auditor 21123 Clarendon Street DerrylLondonderry BT48 7EP 11