Page 75 - 86395_CCB - 2024 Annual Report (web)

75

● We reviewed management’s stress test scenarios and considered whether the Company would
continue to operate above required regulatory capital and liquidity minima during times of stress.
● We considered as to whether our audit work had identified events or conditions which may give rise
to uncertainty of the Company’s future ability to trade; and
● We reviewed legal and regulatory correspondence to ensure that any compliance issues which may
impact the going concern of the Company had not been identified.

Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability
to continue as a going concern for a period of at least twelve months from when the financial statements
are authorised for issue.

In auditing the financial statements, we have concluded that the directors’ use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.

However, because not all future events or conditions can be predicted, this conclusion is not a guarantee
as to the Company's ability to continue as a going concern.

Our responsibilities and the responsibilities of the directors with respect to going concern are described
in the relevant sections of this report.

Reporting on other information

The other information comprises all of the information in the Annual Report other than the financial
statements and our auditors’ report thereon. The directors are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, accordingly, we do not
express an audit opinion or, except to the extent otherwise explicitly stated in this report, any form of
assurance thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If
we identify an apparent material inconsistency or material misstatement, we are required to perform
procedures to conclude whether there is a material misstatement of the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact. We have nothing
to report based on these responsibilities.

With respect to the Strategic report and Directors' Report, we also considered whether the disclosures
required by the UK Companies Act 2006 have been included.

Based on our work undertaken in the course of the audit, the Companies Act 2006 requires us also to
report certain opinions and matters as described below.

Strategic report and Directors' Report
In our opinion, based on the work undertaken in the course of the audit, the information given in the
Strategic report and Directors' Report for the year ended 31 December 2024 is consistent with the
financial statements and has been prepared in accordance with applicable legal requirements.

In light of the knowledge and understanding of the Company and its environment obtained in the course
of the audit, we did not identify any material misstatements in the Strategic report and Directors' Report.