Page 48 - Beeks Financial Cloud Group Annual Report 2021

46 Beeks Financial Cloud Group PLC For the year ended 30 June 2021

Independent Auditors’ Report to the members of Beeks Financial Cloud Group PLC

Independent

Auditors’ Report

OUR OPINION ON THE GROUP BASIS FOR OPINION financial statements or, if such
FINANCIAL STATEMENTS IS We conducted our audit in disclosures are inadequate, to
UNMODIFIED accordance with International modify the auditor’s opinion. Our
We have audited The Group Standards on Auditing (UK) conclusions are based on the audit
financial statements of Beeks (ISAs (UK)) and applicable law. evidence obtained up to the date
Financial Cloud Group PLC for Our responsibilities under those of our report. However, future events
the year ended 30 June 2021, standards are further described or conditions may cause The Group
which comprise the consolidated in the ‘Auditor’s responsibilities for to cease to continue as a going
statement of comprehensive the audit of The Group financial concern.
income, the consolidated statements’ section of our report.
statement of financial position, Our evaluation of the directors’
GOVERNANCE
the consolidated statement We are independent of The Group assessment of The Group’s ability to
of changes in equity, the in accordance with the ethical continue to adopt the going concern
consolidated cash flow statement requirements that are relevant basis of accounting included:
and notes to the consolidated to our audit of the financial / Obtaining management’s cash
financial statements, including statements in the UK, including the flow forecasts for The Group
a summary of significant FRC’s Ethical Standard as applied to covering the period to December
accounting policies. listed entities, and we have fulfilled 2022. We assessed how these
our other ethical responsibilities forecasts were compiled, and
The financial reporting framework in accordance with these assessed their accuracy by
that has been applied in their requirements. We believe that the validating underlying information
preparation is applicable law and audit evidence we have obtained and verifying mathematical
international accounting standards is sufficient and appropriate to accuracy of the model used;
in conformity with the requirements provide a basis for our opinion. / Challenged management on
of the Companies Act 2006. the key assumptions used with
CONCLUSIONS RELATING TO the forecasts testing the accuracy
In our opinion, The Group GOING CONCERN of the assumptions and inputs
financial statements: We are responsible for concluding by corroborating to underlying
/ give a true and fair view of the on the appropriateness of the information. We also assessed
state of The Group’s affairs as at directors’ use of the going concern the mitigating actions available to
30 June 2021 and of its profit for basis of accounting and, based management and corroborated
the year then ended; on the audit evidence obtained, these available actions to
/ have been properly prepared whether a material uncertainty supporting information;
in accordance with international exists related to events or / Obtained forecast covenant
accounting standards in conditions that may cast significant compliance workings for the going
conformity with the requirements doubt on The Group’s ability to concern period and reperformed
of the Companies Act 2006; and continue as a going concern. the calculations to ensure
/ have been prepared in If we conclude that a material mathematical accuracy;
accordance with the requirements uncertainty exists, we are required
of the Companies Act 2006. to draw attention in our report
to the related disclosures in the