INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SCOUTING IRELAND (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING ANY SHARE CAPITAL AND EXEMPT FROM USING THE WORD "LIMITED")
We have audited the financial statements on pages 7 to 17 which have been prepared under the historical cost convention and the accounting policies set out on page 10.
This report is made directly to the company's members, as a body, in accordance with Section 193, Companies Act, 1990. Our audit work has been undertaken so that we might state to the company's members 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 company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed
RESPECTIVE RESPONSIBILITIES OF DIRECTORS MEMBERS AND AUDITORS
The Directors are responsible for preparing the annual report. As described on page 4, this includes responsibility for preparing the financial statements in accordance with applicable law and accounting standards generally accepted in Ireland. Our responsibility, is to audit the financial statements in accordance with relevant legal and regulatoryrequirements 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 in accordance with Generally Accepted Accounting Practice in Ireland and are properly prepared in accordance the Companies Acts, 1963 to 2009. We also report to you our opinion as to: whether proper books of account have been kept by the company; and whether the information given in the Council's report is consistent with the financial statements. In addition, we state whether we have obtained all the information and explanations we consider necessary for the purposes of our audit and whether the financial statements are in agreement with the books of account.
We report to you if, in our opinion, any information specified by law regarding director's remuneration and director's transactions is not given and, where practicable, include such information in our report.
We read the other information contained in the annual report and consider whether it is consistent with the audited financial statements. We consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements.
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 directors in the preparation of the financial statements, and whether the accounting policies are appropriate to the company's circumstances, consistentlyapplied and adequatelydisclosed.
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 byfraud or other irregularityor error.
In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.
OPINION
In our opinion the financial statements give a true and fair view, in accordance with Generally Accepted Accounting Practice in Ireland, of the state of the company's affairs as at the 30 September 2010 and of its surplus for the year then ended and have been properly prepared in accordance with the Companies Acts 1963 to 2009.
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CASH FLOW STATEMENT for the year ended 30 September 2010
On behalf of the Board of Directors:
Francis Minogue Director
Michael Devins Director
Date: 19 February2011
IRELAND (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING ANY SHARE CAPITAL AND EXEMPT FROM USING THE WORD "LIMITED")
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2010
6. FAS COMMUNITY EMPLOYMENT SCHEMES
This represents the net income from the FAS community employment shcemes operated at Larch Hill Campsite and Mount MellerayCampsite.
8. TAXATION ON SURPLUS ON ORDINARY ACTIVITIES
Scouting Ireland is a registered charityand is exempt from tax.