Agenda item

Charter Trustees considered a report of the Treasurer that advised of the completion of the audit of the annual return for the financial year ending 31 March 2015, which was carried out by BDO LLP (the external auditor of the Charter Trustees) (for copy see file of minutes).

The Treasurer reported the audit findings and advised on the actions that were required in order to satisfy the external auditor in the future, including earlier reporting of the risk assessment to the Trustees at their January meeting next year.

Resolved:

(i)            That the audited annual return for 2014/15 be approved;

(ii)            That a risk assessment review of internal controls be reported      annually at future meetings before the end of each financial year.