ort of the Inde
The Der
endent Auditors to the Members of
Diocesan Trust Fund for
SiLk Priests
Opinion
We have audited the financial statements of The Derry Diocesan Trust Fund for Sick Priests (the
'company') for the year ended 31 December2023 which comprise the Statement of Financial
Activities, Balance Sheet and 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 Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United
Kingdom Generally Accepted Accounting Practice), Charities SORP (FRS 102) and the Companies
Act 2006.
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its
deficit 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 St(￿dardS are further described in the Auditors,
responsibilities for the audit of the financial statements section of our rcport. We are independent of
Ihe company 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 audil evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditiiig the tinancial statements, we have concluded that the directors, use of the going concern
basis of accounting in the prcparation of the finanLial statements is appropriate.
Based on the work we have perforn]ed, we have not identified any material uncertainties relating
to events or conditions that, individually or collectively, may cast significant doubt on the
company's ability to continue a going conLern for a period of at least twelve months from when
the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are
described in the relevant sections of this report.

ort of the Inde
The Der
endent Auditors to the Members of
Diocesan Trust Fund for
Sick Priests
Other information
The directors are responsible for the other inforn]ation. The other infonnation comprises the
information in the Report of the Directors, but does not include the financial statements and our
Report of the Auditors thereon.
Our opinion on the financial statements does not cover the other infomation and, except to the extent
otherwise explicitly stated in our report, we do not express any forn] of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
infomiation and, in doing so, consider whether the other information is materially inconsistent with
the financial statements or our Iinowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to detemiine whether there is a material misstatement in the financial statements or a material
misstatement of the other infonnation. If, based on the work we have perforn]ed, we conclude that
there is a material misstatement of this other inforniation, we are required to report that fact. We have
nothing to report in this regard.
Opinions on other matters prescribed by the Companies Aet 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Directors for the financÉal year for which the financial
statements are prepared is consistent with the financial statements; and
the Report of the Directors has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in re.spect of the following matters where 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
reccived from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of directors, remuneration specified by law are not made; or
we have not received all the inforniation and explanations we require for our audit. or
the directors were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemption from th¢ requirement to
prepare a Strategic Report.

ort of the Inde
The Der
endent Auditors to the Members of
Diocesan Trust Fund for
Sick Priests
Responsibilities of directors
As explained more fully in the Statement of Trustees, Responsibilities set out on page six, the directors
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 directors deterniine 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 directors are responsible for assessing the company's ability
to continue as a going concem, disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the directors either intend to liquidate the company or
to cease operations, or have no realistic alternative but to do so.
Auditors, 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 misstatement, whether due to fraud or error, and to issue a Report of the
Auditors that includes our opinion. Reasonable assurance is a high level of assuranc¢, 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 i￿egUlar1ties, including fraud. The extent to which our procedures are
capable of detecting l￿egUlarLtLes, including fraud is detailed below:
Based on our understanding of the company and the environment in which it operates, we
detemiined that the principal risks were related to the valuation of the charity, s investments and
the recognition of income and expenditure.
Audit procedures perforn]ed by the engagement team included:
Inspection of documentation regarding the valuation of investments
Perfonning audit work regarding the risk of management bias and override of controls,
including testing of journal entries and adjustments, for appropriateness
Enquiry of management and those charged with governance around actual and potential
litigation and claims as well as actual, suspected and alleged fraud
Assessing the extent of compliance with the laws and regulations considered to have a
direct material effect on the financial statements or the operations of the entity
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description
fornis part of our Report of the Auditors.

ort of the Inde
The Der
endent Auditors to the Members of
Diocesan Trust Fund for
Sick Priests
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description
forms part of our Report of the Auditors.
Use of our report
This report is made solely to the 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 that we might state to the
company's membcrs those matters wc are required to state to them in a Report of the Auditors and
for no other purpose. To the fullesl extent pcrn]itted by law, we do not accept or assume rcsponsibilily
to anyone other than the company and the company's members as a body, for our audit work, for this
report, or for the opinions we have forn]ed.
Niall McAteer (Senior Statutory Auditor)
for and on behalf of Shaun McAteer & Co. Ltd
5 Northland Road
Derry
Co. De
BT48 7HX
REOISTÉRED
23 MAY 2024
AUDITORS
ftoAO.DeffO
Date: 23 May 2024
10