Page 44 - RFU Annual Report 2017

42
Financial Statements

Statement of the Board of state whether applicable UK Provision of Information to
Directors’ Responsibilities Accounting Standards have Auditor
in Respect of the Financial been followed, subject to any
Statements material departures disclosed Each of the persons who are
and explained in the financial Directors at the time when these
The Co-operative and Community statements; and financial statements are approved
Benefit Societies Act 2014 requires has confirmed that:
the Board of Directors to prepare prepare the financial statements
financial statements for each on the going concern basis, unless so far as that Director is aware,
financial year, which give a true and it is inappropriate to presume that there is no relevant audit
fair view of the affairs of the Rugby the Rugby Football Union will information of which the Group’s
Football Union and of its income continue in business. Auditor is unaware; and
and expenditure for that period. In
preparing these financial statements, The Board of Directors is responsible that Director has taken all the
the Board of Directors is required to: for keeping proper books of accounts steps that ought to have been
with respect to the transactions and taken as a Director in order to
select suitable accounting policies assets and liabilities of the Union. be aware of any information
and apply them consistently; Such books must enable a true and needed by the Group’s Auditor in
fair view to be given of its affairs and connection with preparing their
make the necessary judgements explain its transactions. The Board of report and to establish that the
and estimates which are both Directors has a general responsibility Group’s Auditor is aware of
reasonable and prudent; for taking such steps as are that information.
reasonably open to it to safeguard the
assets of the Union and to prevent
fraud and other irregularities.

Annual Report 2017