Skip to content | Skip to footer
 

Independent auditors' report

Citizens Advice annual report and accounts 2004/05 contents    Previous   Next   

Respective responsibilities of directors and auditors

Basis of audit opinion

Opinion

We have audited the financial statements which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the related notes which have been prepared under the historical cost convention and the accounting policies set out in the statement of accounting policies.

Respective responsibilities of directors and auditors

The trustees are also directors of Citizens Advice for the purpose of Company Law. Their responsibilities for preparing the annual report and the financial statements in accordance with applicable United Kingdom law and accounting standards are set out in the statement of directors' responsibilities. As described in the directors’ report section 4.4, the Chief Executive of Citizens Advice, as Accounting Officer, is also responsible for the preparation of financial statements and for ensuring the regularity of financial transactions funded by Parliamentary grant (Grant in Aid).

Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Auditing Standards issued by the Auditing Practices Board. This report, including the opinion, has been prepared for and only for the company's members as a body in accordance with Section 235 of the Companies Act 1985 and for no other purpose. We do not,in giving this opinion, accept or assume any responsibility for any other purpose or to anyother person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.

We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 1985 and whether in all material respects the expenditure, income and resources funded by Grant in Aid have been applied to the purposes intended by Parliament and the financial transactions conform to the authorities which govern them. We also report to you if, in our opinion, the directors’ report is not consistent with the financial statements, if the charitable company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding directors' remuneration and transactions is not disclosed.

We read the other information contained in the annual report and consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements. The other information comprises only the Directors’ Report.

We review whether the statement on the system of internal control reflects CitizensAdvice compliance with Treasury’s guidance on the statement on the system of internal control. We report if it does not meet therequirements specified by reasury, or if the statement is misleading or inconsistent with other information we are aware of from our audit of the financial statements. We are not required to consider, nor have we considered, whether the Chief Executive’s statement on the system of internal control covers all risks and controls. We are also not required to form anopinion on the effectiveness of Citizens Advice corporate governance procedures or its risk and control procedures.

Back to top

Basis of audit opinion

We conducted our audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and of whether theaccounting policies are appropriate to the charitable company's circumstances,consistently applied and adequately disclosed.

We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by error or by fraud or other irregularity and that in all material respects, the expenditure, income and resources funded by Grant in Aid have been applied to the purposes intended by Parliament and the financial transactions conform to the authorities which govern them.In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

Back to top

Opinion

In our opinion:
the financial statements give a true and fair view of the state of the charitable company's affairs as at 31 March 2005 and of its net outgoing resources, including its income and expenditure, and cash flows for the year then ended and have been properly prepared in accordance with the Companies Act 1985; and
in all material respects the expenditure, income and resources funded by Grant inAid have been applied to the purposes intended by Parliament and the financialtransactions conform to the authorities which govern them.

PricewaterhouseCoopers LLP

Chartered Accountants and Registered Auditors
Southwark Towers
32 London Bridge Street
London SE1 9SY

11 August 2005

 

Citizens Advice annual report and accounts 2004/05 contents    Previous   Next