BALANCE SHEET as at 31 December 2009 - Joseph Rowntree ...

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INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF JOSEPH ROWNTREE HOUSING TRUST Joseph Rowntree Housing Trust Registered Charity We have audited the Financial Statements of Joseph Rowntree Housing Trust for the year ended 31 December 2009 which comprise the Income and Expenditure Account, the Balance Sheet and the Cash Flow Statement and the related notes. These Financial Statements have been prepared under the accounting policies set out therein. This report is made solely to the Trustees, as a body, in accordance with Schedule 1 paragraph 16 to the Housing Act 1996, 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 auditor's 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 Trust and the Trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Respective responsibilities of the Trustees and auditors The responsibilities of the Trustees for the preparation of the Trustees' Annual Report, and the preparation of Financial Statements in accordance with applicable United Kingdom law and UK accounting standards (UK Generally Accepted Accounting Practice) are set out in the Statement of Trustees' Responsibilities on page 25. 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, the Housing Act 1996 and the Accounting Requirements for Registered Social Landlords General Determination 2006. We also report to you if, in our opinion, the Trustees' Annual Report is not consistent with the Financial Statements, if a satisfactory system of control over transactions has not been maintained, if the Trust 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 Trustees' Annual Report and consider the implications for our report if we become aware of any apparent misstatements within it. We read the other information accompanying the Financial Statements and consider whether it is consistent with those statements. We consider the implications for our report if we become aware of any apparent misstatements within it. Our responsibilities do not extend to any other information. Basis of audit 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 Trust'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. 26
Joseph Rowntree Housing Trust Registered Charity INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF JOSEPH ROWNTREE HOUSING TRUST (continued) Opinion In our opinion the Financial Statements: - - give a true and fair view, in accordance with UK Generally Accepted Accounting Practice, of the state of affairs of the Trust as at 31 December 2009 and of its surplus for the year then ended; and have been properly prepared in accordance with the Charities Act 1993, the Housing Act 1996 and the Accounting Requirements for Registered Social Landlords General Determination 2006. Chris Wilson for and on behalf of KPMG LLP, Statutory Auditor Chartered Accountants Leeds 27
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BALANCE SHEET as at 31 December 2009 - Joseph Rowntree ...

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