Report of Council
Report of Council
The members
of council present their annual report, together with the financial statements
of the company and the group for the year ended 31 December 2007 on pages nine
to twenty.
Principal
Activity
The
principal activities of the group in the year under review continued to be that
of promoting underwater sport, exploration and science and related studies, to
promote safety in those activities, to maintain the highest standards therein,
to co-operate with related organisations, and to sustain recognition as the
governing body for all such amateur activities.
Council
Council are
the directors of the BSAC, and details of the individuals and positions held
since 1 January 2007 are included on page six of the report and accounts.
Audit Committee
A full list
of the members of the committee is included on page six.
Statement of
Directors’ Responsibilities
The
directors are responsible for preparing the financial statements in accordance
with applicable law and regulations.
Company law
requires the directors to prepare financial statements for each financial year.
Under that law the directors have elected to prepare the financial statements
in accordance with United Kingdom General Accepted Accounting Practice (United
Kingdom Accounting Standards and applicable law). The financial statements are
required by law to give a true and fair view of the state of affairs of the
company and the group and of the surplus or deficit of the company, and the
group for that period. In preparing these financial statements, the directors
are required to
The
directors are responsible for keeping proper accounting records, which disclose
with reasonable accuracy at any time the financial position of the company and
the group and to enable them to ensure that the financial statements comply
with the Companies Act 1985. They are also responsible for safeguarding the
assets of the company and the group and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Statement as to
disclosure of information to auditors
So far as
the directors are aware, there is no relevant audit information (as defined by
Section 234ZA of the Companies Act 1985) of which the company’s auditors are
unaware, and each director has taken all steps that he ought to have taken as a
director in order to make himself aware of any relevant audit information and
to establish that the company’s auditors are aware of that information.
Charitable
Donations
There were
no charitable donations made during the year.
Subsidiary
Undertakings
The company
has one wholly owned subsidiary, BSAC International Limited. The principal activities of this subsidiary
are the promotion of BSAC’s systems and techniques of training in the UK and
overseas markets.
Auditors
The
auditors, Gardner Salisbury Ltd will be proposed for re-appointment, in
accordance with section 385 of the Companies Act 1985.
Special
Provisions Relating To Small Companies
This report has been prepared in accordance with the
special provisions of Part VII of the Companies Act 1985 relating to small
companies and groups.
By
order of the Board 15 March 2008.
A Hall M
F G Allen
Treasurer Chairman
Page last modified: 19th Apr 2008 - 22:51:51
