Independent Review of a Company Limited by Guarantee

Independent Review of a Company Limited by...

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I have been appointed as an Independent Reviewer of the accounts of a small sports club. Its gross turnover is around £100,000. It is a Company Limited by Guarantee - but it is not a registered charity with the Charity Commission. I can find plenty of guidance on how an independent examiner should present their report for a charitable Company Limited by Guarantee but none for a small Non-Charitable Company Limited by Guarantee. Does such guidance exist please?  

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By WhichTyler
01st Jul 2015 13:21

Hmm...
Before accepting the appointment, did you ask the club why they want/need an independent review? That should give you a clue about the standards required...

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Replying to Dib:
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By Spode
01st Jul 2015 13:32

Independent review

It has had an independent review every year since it was set up as a company limited by guarantee. In fact it had one previously when it was an unincorporated club. I have last years review statement but ideally I'd like to check that the wording for the report is still up to date against any guidance that exists (which I can't find for a non-charitable unincorporated company limited by guarantee).

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By The Innkeeper
01st Jul 2015 14:08

ICAEW used

to publish a book about clubs and associations and had some splendid help on accounts prep etc. If you are a member try speaking to the library to see if they still have a copy

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Replying to Matrix:
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By Spode
01st Jul 2015 14:26

Independent review

Thanks - I'm not a member but will try anyway

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By WhichTyler
01st Jul 2015 14:51

If...

.. this is a purely voluntary review (like an internal audit, i.e it's not required by law or the Articles of Association) then you wouldn't expect to find guidance. Your report is only going to go to the club, so use your professional skill & judgment...

 

So it's up to you to agree terms of reference with the club beforehand (perhaps saying 'based on the Charity Commission's  directions to independent examiners where appropriate')

 

 

 

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RLI
By lionofludesch
01st Jul 2015 16:31

Rules

Yes - if it's not demanded by some law or other, the company makes up its own rules.

 

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