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
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