Independent auditors’ report
To the Trustees of
We have audited the financial statements of The College of Optometrists for the year ended 30 September 2010 which comprise the consolidated statement of financial activities, balance sheets, cash flow statement and related notes. These financial statements have been prepared in accordance with the accounting policies set out therein. This report is made solely to the College’s Trustees as a
body, in accordance with section 43 of the Charities Act 1993 and regulations made under section 44 of that Act. Our audit work has been undertaken so that we might state to the Trustees 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 College and the Trustees as a body, for our audit work, for this report, or for the opinions we have formed. The responsibilities of the Trustees for preparing the
annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), are set out in the statement of responsibilities of the Trustees. We have been appointed as auditors under section 43 of the Charities Act 1993 and report in accordance with regulations made under section 44 of that Act. 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 Charities Act 1993. We also report to you if, in our opinion, the information given in the annual report of the Trustees is not consistent with the financial statements, if the College has not kept proper accounting records, or if we have not received all the information and explanations we require for our audit. We read the annual report and consider the implications
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for our report if we become aware of any apparent misstatements within it.
The College of Optometrists 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 Trustees in the preparation of the financial statements, and of whether the accounting policies are appropriate to the College’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 information in the financial statements.
In our opinion: l
the financial statements give a true and fair view, in accordance with United Kingdom Generally Accepted Accounting Practice of the group and College’s state of affairs as at 30 September 2010 and of the group’s incoming resources and application of resources for the year then ended;
l
the financial statements have been properly prepared in accordance with the Charities Act 1993.
Sayer Vincent Chartered accountants & statutory auditors London
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