Page 71 - 86395_CCB - 2024 Annual Report (web)

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Independent auditors’ report to the

members of Cambridge & Counties Bank

Limited

Report on the audit of the financial statements

Opinion
In our opinion, Cambridge & Counties Bank Limited’s financial statements:

● give a true and fair view of the state of the Company’s affairs as at 31 December 2024 and of its
profit and cash flows for the year then ended;
● have been properly prepared in accordance with UK-adopted international accounting standards; and
● have been prepared in accordance with the requirements of the Companies Act 2006.

We have audited the financial statements, included within the Annual Report and Financial Statements
(the “Annual Report”), which comprise: the Statement of Financial Position as at 31 December 2024; the
Statement of Profit or Loss and Other Comprehensive Income, the Statement of Changes in Equity and
the Statement of Cash Flows for the year then ended; and the notes to the financial statements,
comprising material accounting policy information and other explanatory information.

Our opinion is consistent with our reporting to the audit committee of Cambridge & Counties Bank
Limited.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and
applicable law. Our responsibilities under ISAs (UK) are further described in the Auditors’ responsibilities
for the audit of the financial statements section of our report. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.

Independence
We remained independent of the Company in accordance with the ethical requirements that are relevant
to our audit of the financial statements in the UK, which includes the FRC’s Ethical Standard, as applicable
to public interest entities, and we have fulfilled our other ethical responsibilities in accordance with these
requirements.

To the best of our knowledge and belief, we declare that non-audit services prohibited by the FRC’s Ethical
Standard were not provided.

Other than those disclosed in note 8, we have provided no non-audit services to the Company in the
period under audit.

Our audit approach

Overview
Audit scope

● We performed audit procedures over all material account balances and financial information of the
Company
● We performed the audit using one team based in Birmingham