COIF Charities Deposit Fund - CCLA

Statement of Board and ManagerresponsibilitiesThe Board of the Fund is required by theScheme of the Charity Commission made underthe Charities Act 1993, dated 2 April 2008, toprepare accounts in accordance with any rules,regulations or standards of practice issued bythe Charity Commission affecting the keeping ofaccounts of common deposit funds. The Boardis required to:●select suitable accounting policies that areappropriate for the Fund and apply them on aconsistent basis;The Board has delegated to the Manager theday to day management, accounting andadministration of the Fund as permitted by theScheme.The Manager is required to manage the Fund inaccordance with the Scheme and takereasonable steps for the prevention anddetection of fraud and other irregularities.●keep proper accounting records which enablethem to demonstrate that the accounts, asprepared, comply with the aboverequirements;●make judgments and estimates which arereasonable and prudent; and●prepare the accounts on the basis that theFund will continue in operation unless it isinappropriate to presume this.18