Auditor's Report
Report of the
Independent Auditors to the Members of the British Sub-Aqua Club
We have
audited the financial statements of the British Sub-Aqua Club for the year
ended 31 December 2007 on pages nine to twenty. These financial statements have
been prepared in accordance with the accounting policies set out therein and
the requirements of the Financial Reporting Standard for Smaller Entities
(effective January 2007).
This report
is made solely to the company’s members, as a body, in accordance with section
235 of the Companies Act 1985. Our audit work has been undertaken so that we
might state to the company’s members those matters we are required to state to
them in an auditors’ report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility 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 formed.
Respective
Responsibilities of Elected Council Members and Auditors
The directors
responsibilities for preparing the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice) are set on page 7.
Our
responsibility is to audit the financial statements in accordance with relevant
legal and regulatory requirements and International Standards on Auditing (UK
and Ireland).
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. We also report to you, if, in our opinion,
the Report of Council is not consistent with the financial statements, if the
company and the group has not kept proper accounting records, if we have not
received all of the information and explanations we require for our audit, or
if information specified by law regarding director's remuneration and other
transactions is not disclosed.
We read the
Report of Council and consider the implications for our report if we become
aware of any apparent misstatements within it.
Basis of Opinion
We
conducted our audit in accordance with International Standards on Auditing (UK
and Ireland) 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 elected council members in the
preparation of the financial statements, and of whether the accounting policies
are appropriate to the company’s and group’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 fraud or other irregularity or
error. In forming our opinion, we also
evaluated the overall adequacy of the presentation of the information in the
financial statements.
Opinion
In our
opinion the financial statements:
-
give a
true and fair view, in accordance with United Kingdom Generally Accepted
Accounting Practice applicable to Smaller Entities, of the state of the
company’s and the group’s affairs as at 31 December 2007 and of its surplus for
the year then ended; and
-
the
financial statements have been properly prepared in accordance with the
Companies Act 1985; and
-
the
information given in the Report of the Directors is consistent with the
financial statements.
Gardner
Salisbury Limited
Chartered
Accountants
Brynford
House
Brynford
Street
Holywell
Flintshire
CH8 7RD
15
March 2008
Page last modified: 19th Apr 2008 - 22:53:52
