These summarised fi nancial statements are not the full annual report and fi nancial statements but a summary of information derived from both the group’s Statement of Financial Activities and the charity’s and group’s Balance Sheet.
The full annual report and fi nancial statements, from which these summarised fi nancial statements are derived, were approved by the trustees on 9 December 2010 and copies have been fi led with the Charity Commission and the Offi ce of the Scottish Charity Regulator. The independent auditors’ report on the full fi nancial statements was unqualifi ed. For further information the full annual Financial Statements, and the auditors’ report on those Financial Statements should be consulted; copies of these can be obtained from: The Secretary, 1 Giltspur Street, London, EC1A 9DD.
Independent auditors’ statement to the trustees of The City and Guilds of London Institute We have examined the summarised fi nancial statements which comprise the Summary Group Statement of Financial Activities, Summary Consolidated Balance Sheet and the Summary Trustees’ Report.
Respective responsibilities of trustees and auditors The trustees are responsible for preparing the summarised annual report in accordance with the Statement of
With special thanks to all our models and case studies:
Luke Griffi ths Cimitree, Petersfi eld, England Eabha Hennessy Pulse College, Dublin, Ireland Gail McGarva Lyme Regis, England Shikah Mohamed Al Ali Desert Islands Education Centre, UAE Fojan Nourouzi Heathfi eld School, Pinner, England Vanessa Rooney Warwickshire College, England Luke Thomas
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Recommended Practice: Accounting and Reporting for Charities (revised 2005). Our responsibility is to report to you our opinion on the consistency of the summarised fi nancial statements within the summarised annual report with the full annual fi nancial statements and the Trustees’ Annual Report, and their compliance with the relevant requirements of the Statement of Recommended Practice: Accounting and Reporting for Charities (revised 2005). We also read the other information contained in the summarised annual report and consider the implications for our statement if we become aware of any apparent misstatements or material inconsistencies with the summarised fi nancial statements. The other information comprises only the Trustees Annual Report and the other items listed on the contents page. This statement, including the opinion, has been prepared for and only for the charity’s members as a body in accordance with the Statement of Recommended Practice: Accounting and Reporting for Charities (revised 2005) and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this statement is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. We conducted our work in
accordance with Bulletin 2008/3 issued by the Auditing Practices Board. Our report on the charity’s full annual
Editor Helen Matovu-Reed Consultant Editor Luke Turton Statistics Gary Borrajeiro, Gurdip Sundal Principal photography Steve Schofi eld Other photography Shaun Bloodworth, Michael Clement, Phil Fisk, Paul Mitchell, Mark Harrison, Katarina Premfors, Rob Whitrow, Getty Images, Istockphoto Design Designed and published by August Media Art Director Michael Branthwaite
fi nancial statements describes the basis of our audit opinion on those fi nancial statements.
Opinion
In our opinion the summarised fi nancial statements are consistent with the full annual fi nancial statements and the Trustees’ Annual Report of The City and Guilds of London Institute for the year ended 30 September 2010 and comply with the applicable requirements of the Statement of Recommended Practice: Accounting and Reporting for Charities (revised 2005). We have not considered the effects of
any events between the date on which we signed our report on the full annual fi nancial statements 9 December 2010 and the date of this statement.
PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditors London 9 December 2010
Notes:
(a) The maintenance and integrity of the The City and Guilds of London Institute website is the responsibility of the trustees; the work carried out by the auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the full annual fi nancial statements or the summarised fi nancial statements since they were initially presented on the website. (b) Legislation in the United Kingdom governing the preparation and dissemination of fi nancial statements may differ from legislation in other jurisdictions.
Every effort has been made to ensure that the information contained in this publication is true and correct at time of going to press. However, City & Guilds’ products and services are subject to continuous development and improvement and the right is reserved to change products and services from time to time. City & Guilds cannot accept responsibility for any loss or damage arising from the use of information in this publication.
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