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6. We have nothing to report on the other information Auditor’s responsibilities Contents
in the Annual Report
Our objectives are to obtain reasonable assurance about
Contents
The directors are responsible for the other information whether the financial statements as a whole are free from
presented in the Annual Report together with the financial material misstatement, whether due to fraud or error, and
statements. Our opinion on the financial statements does to issue our opinion in an auditor’s report. Reasonable
not cover the other information and, accordingly, we do not assurance is a high level of assurance, but does not
express an audit opinion or, except as explicitly stated guarantee that an audit conducted in accordance with ISAs
below, any form of assurance conclusion thereon. (UK) will always detect a material misstatement when it
Our responsibility is to read the other information and, in exists. Misstatements can arise from fraud or error and are Strategic Report
doing so, consider whether, based on our financial considered material if, individually or in aggregate, they
statements audit work, the information therein is materially could reasonably be expected to influence the economic
misstated or inconsistent with the financial statements or decisions of users taken on the basis of the financial
our audit knowledge. Based solely on that work we have statements.
not identified material misstatements in the other A fuller description of our responsibilities is provided on the
information. FRC’s website at www.frc.org.uk/auditorsresponsibilities.
Strategic report and directors’ report 9. The purpose of our audit work and to whom we owe
Based solely on our work on the other information: our responsibilities
— we have not identified material misstatements in the
strategic report and the directors’ report; This report is made solely to the Company’s members, as a
— in our opinion the information given in those reports for body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken
the financial year is consistent with the financial so that we might state to the Company’s members those Corporate Governance Statement
statements; and matters we are required to state to them in an auditor’s
— in our opinion those reports have been prepared in report and for no other purpose. To the fullest extent
accordance with the Companies Act 2006. permitted by law, we do not accept or assume
responsibility to anyone other than the Company and the
7. We have nothing to report on the other matters on Company’s members, as a body, for our audit work, for this
which we are required to report by exception report, or for the opinions we have formed.
Under the Companies Act 2006, we are required to report
to you if, in our opinion:
— adequate accounting records have not been kept, or
returns adequate for our audit have not been received
from branches not visited by us; or
— the financial statements are not in agreement with the Matthew Rowell (Senior Statutory Auditor)
accounting records and returns; or for and on behalf of KPMG LLP, Statutory Auditor
— certain disclosures of directors’ remuneration specified Chartered Accountants Independent Auditor’s Report
by law are not made; or One Snowhill
— we have not received all the information and
explanations we require for our audit. Snow Hill Queensway
We have nothing to report in these respects. Birmingham
B4 6GH
8. Respective responsibilities
12 April 2022
Directors’ responsibilities
As explained more fully in their statement set out on page
59, the directors are responsible for: the preparation of the
financial statements including being satisfied that they give
a true and fair view; such internal control as they determine
is necessary to enable the preparation of financial Financial Statements
statements that are free from material misstatement,
whether due to fraud or error; assessing the Company’s
ability to continue as a going concern, disclosing, as
applicable, matters related to going concern; and using the
going concern basis of accounting unless they either intend
to liquidate the Company or to cease operations, or have no
realistic alternative but to do so.

66 Notes to the Financial Statements