Page URL: https://www.progress.org.uk/auditorsreport2011
This document is part of the Progress Educational Trust (PET)'s reports and accounts for the year ended 31 March 2011, as submitted to the Charity Commission.
The charity's 2014, 2013, 2012, 2010, 2009, 2008 and 2007 reports and accounts are also available on this website.

Report of the Independent Auditors to the Trustees of the Progress Educational Trust

We have audited the accounts of the Progress Educational Trust for the year ended 31 March 2011. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the charity's Trustees, as a body, in accordance with Section 43 of the Charities Act 1993 and report in accordance with regulations made under Section 44 of that Act. Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of Trustees and auditors
As explained more fully in the Statement of Trustees' Responsibilities, the Trustees are responsible for the preparation of accounts which give a true and fair view.
We have been appointed as auditors under Section 43 of the Charities Act 1993 and report in accordance with regulations made under Section 44 of that Act. Our responsibility is to audit and express an opinion on the accounts in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the accounts
An audit involves obtaining evidence about the amounts and disclosures in the accounts sufficient to give reasonable assurance that the accounts are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charity's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the Trustees; and the overall presentation of the accounts. In addition, we read all the financial and non-financial information in the Trustees' Annual Report to identify material inconsistencies with the audited accounts. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Opinion on accounts
In our opinion the accounts:
give a true and fair view of the state of the charity's affairs as at 31 March 2011 and of its incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 1993.

Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Act 1993 requires us to report to you if, in our opinion:
the information given in the Trustees' Report is inconsistent in any material respect with the accounts; or
sufficient accounting records have not been kept; or
the accounts are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Gerald Edelman, Chartered Accountants/Statutory Auditor (25 Harley Street, London W1G 9BR, UK), 19 December 2011