Ufton Court Annual Report SPREADS - Page 31



THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE
UFTON COURT EDUCATIONAL TRUST
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE
UFTON COURT EDUCATIONAL TRUST (continued)
Opinion
We have audited the financial statements of The Ufton Court Educational Trust for the year ended
31 August 2019 which comprise the Consolidated Statement of Financial Activities, the Consolidated
and Company Balance Sheets and notes to the financial statements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with
the financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that
there is a material misstatement of this other information, we are required to report that fact.
In our opinion the financial statements:
•give a true and fair view of the state of the group’s and the charitable company’s affairs as at
31 August 2019 and of the group’s incoming resources and application of resources, including its
income and expenditure for the year then ended;
•have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
•have been prepared in accordance with the requirements of the Companies Act 2006 and the
Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK))
and applicable law. Our responsibilities under those standards are further described in the Auditor’s
responsibilities for the audit of the financial statements section of our report. We are independent of
the group in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require
us to report to you where:
•the trustees’ use of the going concern basis of accounting in the preparation of the financial
statements is not appropriate; or
•the trustees have not disclosed in the financial statements any identified material uncertainties
that may cast significant doubt about the group’s or the charitable company’s ability to continue to
adopt the going concern basis of accounting for a period of at least twelve months from the date
when the financial statements are authorised for issue.
Other information
The trustees are responsible for the other information. The other information comprises the information
included in the annual report, other than the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
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We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit:
•The information given in the trustees’ report, which includes the directors’ report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements; and
•The directors’ report included within the trustees’ report have been prepared in accordance with
applicable legal requirements.
Matters on which we are required to report by exception
In light of the knowledge and understanding of the group and the charitable company and their
environment obtained in the course of the audit, we have not identified material misstatements in the
directors’ report included within the trustees’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion:

the parent company has not kept adequate accounting records; or
•the parent company financial statements are not in agreement with the accounting records and
returns; or

certain disclosures of trustees’ remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or
•the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies exemption in preparing the trustees’
report.
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement set out on page 29, the trustees (who
are also the directors of the charitable company for the purposes of company law) are responsible for
the preparation of the financial statements and for being satisfied that they give a true and fair view, and
for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group’s or the
charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related
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