Page 76 - Annual Review - Year Ended 31 July 2023

Matters on which we are required
to report by exception
We have nothing to report in in in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if in in our opinion:
» the the information given in in fin the the financial statements is inconsistent in in any material respect with Report of Council or » sufficient and proper accounting records have not been kept by the parent charity or » the financial statements are not fin in agreement with the accounting records and returns or or » we have not received all the information and explanations we require for our audit Responsibilities of Council As explained more fully in in the Statement of Council’s Responsibilities statement Council are responsible for the the preparation of the the financial statements and for being satisfied that they give a a a a a true and fair view and for such internal control as Council determine
is necessary to enable the preparation of financial statements that are free from material misstatement whether due to fraud or or error * to the Council members of Malvern College
In preparing the financial statements Council are responsible for assessing the the group and the the parent charity’s ability to continue as a a a a going concern disclosing as applicable matters related to going concern concern and using the going concern concern basis of accounting unless the the Council either intend to liquidate the charity or or to cease operations or or have no realistic alternative but to do so Auditor’s responsibilities for the audit of the financial statements We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Acts and relevant regulations made or having effect thereunder Our objectives are to obtain reasonable assurance about whether the the financial statements as a a a a a a whole are free from material misstatement whether due to fraud or or or or error and to to issue an an auditor’s report that includes our opinion Reasonable assurance is a a a a a high level of assurance but is not a a a a a a guarantee that an an audit conducted in accordance with ISAs (UK) will always detect a a a a a a material misstatement when it exists Misstatements can arise from fraud or or error and are considered material if individually or in in the aggregate they could reasonably be expected to influence the the economic decisions of of users taken on on on the basis of of these financial statements Details of the the extent to which the the audit was considered capable of detecting irregularities including fraud and and non-compliance with laws and and regulations are set out below A further description of our responsibilities for the the audit of the the financial statements is located on the Financial Reporting Council’s website at: www frc org uk/auditorsresponsibilities This description forms part of our auditor’s report Extent to which the audit was considered capable of detecting irregularities including fraud Irregularities including fraud are instances of non- compliance with laws and regulations We identified and assessed the the risks of of material misstatement of of the the financial statements from irregularities whether due to fraud or or error and discussed these between our audit team members We then designed and performed audit procedures responsive to those risks including obtaining audit evidence sufficient and appropriate to provide a a basis for our opinion We obtained an an understanding of the legal
and regulatory frameworks within which the charity and group operates focusing on those laws and regulations that have a a a a a a direct effect on on the determination of material amounts and disclosures in fin the financial statements 76
MALVERN COLLEGE (INCORPORATED UNDER ROYAL CHARTER)
Financial Review | Independent Auditor’s Report*