ACCOUNTING (CHARITY AUDIT) UNINCORPORATED
The purpose of this schedule to our engagement letter is to set out the basis on which we are to compile the statutory financial statements and perform other accounting services.
1. RESPONSIBILITIES OF THE TRUSTEES
1.1 Your responsibilities as trustees of the charity are set out in Schedule of Professional Services - Audit: Charity Accruals.
1.2 You have agreed that your staff will be responsible for:
• keeping the record of receipts and payments;
• reconciling the balances monthly with the bank statements;
• keeping posted and balanced the accounting ledgers;
• preparing a detailed list of ledger balances;
• other items as agreed.
1.3 You have undertaken to make available to us, as and when required, all the charity’s accounting records and related financial information, including minutes of management and Board meetings, necessary for the compilation of the accounts. You will make full disclosure to us of all relevant information.
2. ROLE OF THE ACCOUNTANTS
2.1 You have asked us to help you compile the statutory financial statements in accordance with the requirements of the Charities Act 2011 and regulations made under it and with the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' 2015 (FRS102). We will compile the annual financial statements for your approval based on the accounting records maintained by you and the information and explanations given to us by you. In carrying out our engagement we will make enquiries of management and undertake any procedures that we judge appropriate.
2.2 We have a professional duty to compile financial statements that conform with generally accepted accounting principles from the accounting records and information and explanations given to us. Where we identify that the financial statements do not conform with the requirements of legislation or with the guidance issued by the Charity Commission, or if the accounting policies adopted are not immediately apparent, this will need to be disclosed in the financial statements.
2.3 Our responsibilities as auditors/independent examiners are set out in Schedule of Professional Services - Audit: Charity Accruals.
3. OTHER ACCOUNTING SERVICES
3.1 We will also carry out the following services as your agents on the basis that you will make full disclosure to us of all relevant information:
• providing assistance in preparing and lodging returns with the Charity Commission; and
• investigating irregularities and fraud upon receiving specific instructions.