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25.—(1) Where individual accounts have been prepared by the charity trustees of a charity which is a company under Chapter 1 of Part 7 of the 1985 Act, the auditor carrying out the audit of those accounts under section 43 of the 1993 Act must make a report on those accounts to the charity trustees which—
(a)states the name and address of the auditor and the name of the charity concerned;
(b)is signed by him or, where the office of auditor is held by a body corporate or partnership, in its name by a person authorised to sign on its behalf;
(c)states that the auditor is a person falling within paragraph (a) or, as the case may be, paragraph (b) of section 43(2) of the 1993 Act;
(d)is dated and specifies the financial year in respect of which the accounts to which it relates have been prepared;
(e)confirms that the accounts were not required to be audited in accordance with Part 7 of the 1985 Act;
(f)specifies that it is a report in respect of an audit carried out under section 43 of the 1993 Act and in accordance with regulations made under section 44 of that Act;
(g)states whether in the auditor’s opinion—
(i)the company’s individual accounts comply with the requirements of section 226A of the 1985 Act, and in particular whether—
(aa)the income and expenditure account gives a true and fair view of the income and expenditure of the charity for the relevant financial year; and
(bb)the balance sheet gives a true and fair view of the state of affairs of the charity as at the end of that year;
(ii)in any case where the charity has prepared a statement of financial activities in addition to complying with the requirements of the 1985 Act, that statement gives a true and fair view of the charity’s incoming resources and application of resources in the relevant financial year;
(iii)in any case where the accounts state that they have been prepared in accordance with the methods and principles in the SORP, those methods and principles have been followed;
(h)where the auditor has formed the opinion that—
(i)accounting records have not been kept in respect of the charity in accordance with section 221 of the 1985 Act;
(ii)the charity’s individual accounts do not accord with those records;
(iii)any information contained in those accounts is inconsistent in any material respect with—
(aa)any report of the charity trustees prepared under section 45 of the 1993 Act in respect of relevant financial year; or
(bb)the report prepared in respect of the relevant financial year under section 234 of the 1985 Act; or
(iv)that any information or explanation to which he is entitled under regulation 33 has not been afforded to him,
contains a statement of that opinion and of the grounds for forming it.
(2) The auditor must in preparing his report carry out such investigations as will enable him to form an opinion as to the matters specified in sub-paragraphs (g) and (h) of paragraph (1).
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