Page 40 - RFU Annual Report 2015/2016

Financial Statements
38

Statement of the Board of Directors’

Responsibilities in Respect of the Financial Statements

The Co-operative and Community prepare the financial statements on
Benefit Societies Act 2014 requires the the going concern basis, unless it is
Board of Directors to prepare financial inappropriate to presume that the
statements for each financial year Rugby Football Union will continue
which give a true and fair view of the in business.
affairs of the Rugby Football Union and
of its income and expenditure for that The Board of Directors is responsible
period. In preparing these financial for keeping proper books of accounts
statements, the Board of Directors is with respect to the transactions and
required to: assets and liabilities of the Union.
Such books must enable a true and
select suitable accounting policies fair view to be given of its affairs and
and apply them consistently; explain its transactions. The Board of
Directors has a general responsibility
make the necessary judgements and for taking such steps as are reasonably
estimates which are both reasonable open to it to safeguard the assets of the
and prudent; Union and to prevent fraud and other
irregularities.
state whether applicable UK
Accounting Standards have been
followed, subject to any material
departures disclosed and explained
in the financial statements; and

Provision of Information to Auditor

Each of the persons who are Directors that Director has taken all the steps
at the time when these financial that ought to have been taken as a
statements are approved has confirmed Director in order to be aware of any
that: information needed by the Group’s
auditor in connection with preparing
so far as that Director is aware, there their report and to establish that the
is no relevant audit information of Group’s auditor is aware of
which the Group’s auditor is that information.
unaware; and

Annual Report 2015/16