Docusign Envelope ID: 7C50003C-051D-4E0C-907A-F452AD5C4EA2
UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2023
INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEE OF U NITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME
Report on the audit of the financial statements
Opinion
In our opinion, United Technologies Corporation (UK) Pension Scheme’s financial statements:
show a true and fair view of the financial transactions of the scheme during the year ended 31 December 2023, and of the amount and disposition at that date of its assets and liabilities, other than liabilities to pay pensions and benefits after the end of the year; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards comprising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, and app licable law); and contain the information specified in Regulation 3A of the Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996. We have audited the financial statements, included within the Annual Report and Financial Statements, which comprise: the Statement of Net Assets Available For Benefits as at 31 December 2023; the Fund Account for the year then ended; and the notes to the financial statements, which include a description of the significant accounting policies. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and applicable law. Our responsibilities under ISAs (UK) are further described in the Auditors’ responsibiliti es for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We remained independent of the scheme in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, which includes the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibi lities in accordance with these requirements. Conclusions relating to going concern 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 scheme’s ability to continue as a going concern fo r a period of at least twelve months from when the financial statements are authorised for issue.
In auditing the financial statements, we have concluded that the trustee’s use of the going concern basis of accounting in th e preparation of the financial statements is appropriate.
However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the scheme’s ability to continue as a going concern.
Our responsibilities and the responsibilities of the trustee with respect to going concern are described in the relevant sections of this report.
Reporting on other information The other information comprises all of the information in the Annual Report and Financial Statements other than the financial statements, our aud itors’ report thereon and our auditors’ statement about contributions. The trustee is responsible for the other information. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or any form of assurance thereon.
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