2023-12-31-annual-return - The Royal Ulster Constabulary GC - Police Service of Northern Ireland Benevolent Fund

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE ROYAL ULSTER CONSTABULARY GC POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND

Opinion

We have audited the financial statements of The Royal Ulster Constabulary GC Police Service of Northern Ireland Benevolent Fund 31[st] December 2023 which comprise the Statement of Financial Position, the Statement of Financial Activities (incorporating Income & Expenditure Account), the Statement of Cash Flows 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 Accounting Standards, including FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

affairs as at 31st December 2023 and of its

incoming resources 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; have been prepared in accordance with the requirements of the Companies Act 2006; and
have been properly prepared in accordance with the Charities Act (Northern Ireland) 2008, 2013 & 2022 and the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements 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

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 entity'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 information included in the annual report other than the financial statements and our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly 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 with 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 determine whether this gives rise to a material misstatement in the financial statements themselves. If, based 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.

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE ROYAL ULSTER CONSTABULARY GC POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND (CONTINUED)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

is consistent with the financial statements; and

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 obtained in the course of

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 if, in our opinion:

adequate accounting records have not been kept, or returns 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
we have not received all the information and explanations we require for our audit; or
report and from the requirement to prepare a strategic report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 requires us to report to you if, in our opinion:

accounting records have not been kept in respect of the charity in accordance with the Charities Act (Northern Ireland) 2008;
the financial statements do not accord with these records; or
any information or explanation to which the auditor is entitled under Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 has not been afforded to the auditor.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities set out on page 7, 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 trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

as a going concern, disclosing, as 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.

responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material 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.

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:

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE ROYAL ULSTER CONSTABULARY GC POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND (CONTINUED)

-compliance with laws and

regulations relate to grant making and complying with Charity regulations in general. We considered the extent to which non-compliance might have a material effect on the financial statements that results in the situation that no further grants can be provided.

management bias in accounting estimates.

Audit procedures performed by the engagement team included:

Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;

Identifying and testing transactions and balances, in particular those with unusual account combinations or with unusual descriptions; and

Challenging assumptions and judgements made by management in their critical accounting estimates.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting https://www.frc.org.uk/auditorsresponsibilities

Use of our report

by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable

Michael Davis (Senior Statutory Auditor)

For and on behalf of: George Hay & Company, Chartered Accountants and Statutory Auditors, 83 Cambridge Street, Pimlico, London, SW1V 4PS.

DATE: 24[th] June 2024

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