Issue - meetings

Appointment of External Auditors

Meeting: 06/11/2019 - Cobtree Manor Estate Charity Committee (Item 44)

44 Appointment of External Auditors pdf icon PDF 51 KB


The Senior Finance Manager (Client) introduced his report recommending that UHY Hacker Young be appointed as External Auditors to the Charity for a further two year term covering the financial years 2019/20 and 2020/21.


The Senior Finance Manager (Client) advised the Committee that:


·  Under the current statutory audit thresholds for Charities, there was no requirement for an external audit; an independent examination would suffice.  However, the Committee had previously taken the decision that an external audit should be undertaken.


·  External audit services were currently being provided by UHY Hacker Young who had been appointed for a two year term covering the financial years 2017/18 and 2018/19.


·  The Borough Council’s Contract Procedure Rules, which the Charity follows, specify that for contracts of a value of £10k or less, at least one written quote must be obtained.  UHY Hacker Young had been asked to provide a quote and had submitted a figure of £5,410 plus VAT for 2019/20 and £5,545 plus VAT for 2020/21 which represented inflationary increases of around 2.5%.


·  UHY Hacker Young had developed a good knowledge and understanding of the Charity and its financial arrangements and a good working relationship with Council Officers.


Members indicated that further information was required to enable them to make a decision regarding the appointment of External Auditors for 2019/20 and 2020/21.


RESOLVED:  That consideration of the appointment of External Auditors be deferred until the next meeting of the Committee to enable the Officers to provide the following information:


·  A breakdown of the quote submitted by UHY Hacker Young for providing external audit services for 2019/20 and 2020/21;


·  Clarification from the Procurement Team as to whether three written quotes in advance are required; and


·  The current statutory audit thresholds for Charities and whether an independent examination would be appropriate for the Charity.