GMB’S ANNUAL STATEMENT AND AUDIT
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The following is reprinted from the Annual Return (AR21):
Report of the Auditors to the Members of the GMB
Statement of Central Executive Council’s responsibilities
The legislation relating to trade unions requires the CEC to submit a return for
each calendar year to the Certification Office for Trade Unions and Employers’
Associations. This return contains financial statements which must give a true and
fair view of the state of affairs of the Union at the year end and of its transactions
for the year then ended. The financial statements set out on the preceding pages
have been prepared on the same basis and are used to complete the return to the
Certification Office for Trade Unions and Employers’ Associations.
In relation to the Union these requirements are the responsibility of the CEC. It is
responsible for preparing the financial statements of the Union and in so doing is
• Select suitable accounting policies and then apply them consistently
• Make judgements and estimates that are reasonable and prudent
• State whether applicable accounting standards have been followed
• Prepare the accounts on the going concern basis unless it is inappropriate to do so.
The CEC is responsible for keeping proper accounting records and establishing and
maintaining a satisfactory system of control over its records and transactions in order
to comply with the Trade Union and Labour Relations (Consolidation) Act 1992. It is
responsible for safeguarding the assets of the Union and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities. The CEC is
also responsible for the maintenance and integrity of the corporate and financial
information included on the Union’s website. Legislation in the United Kingdom
governing the preparation and dissemination of accounts may differ from legislation
in other jurisdictions.
Report of the General Member Auditors
We have examined the financial statements in accordance with Rule.
General Member Auditors
Independent Auditors’ Report to the Members of the GMB
We have audited the financial statements of the GMB for the year ended 31 December
2015 which comprise the Statement of Comprehensive Income, Statement of
Financial Position, Cash Flow Statement and the related notes. 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 Union’s members, as a body, in accordance
with the Trade Union and Labour Relations (Consolidation) Act 1992. Our audit work
has been undertaken so that we might state to the Union’s members those matters
we are required to state to them in an auditor’s 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 Union and the Union’s members as a body, for our audit work,
for this report, or for the opinions we have formed.
Respective Responsibilities of the GMB’s Central Executive Council and Auditor
As explained more fully in the Statement of Central Executive Council’s (CEC)
Responsibilities, the CEC is responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view. Our responsibility is to audit
and express an opinion on the financial statements 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 Financial Statements
An audit involves obtaining evidence about the amounts and disclosures in the
financial statements sufficient to give reasonable assurance that the financial
statements are free from material misstatement, whether caused by fraud or error.
This includes an assessment of: whether the accounting policies are appropriate
to the Union’s circumstances and have been consistently applied and adequately
disclosed; the reasonableness of significant accounting estimates made by the
CEC; and the overall presentation of the financial statements. In addition, we read all
the financial and non-financial information in the General Secretary’s Introduction
to identify material inconsistencies with the audited financial statements and to
identify any information that is apparently materially incorrect based on, or materially
inconsistent with, the knowledge acquired by us in the course of performing our
audit. If we become aware of any apparent material misstatements or inconsistencies
we consider the implications for our report.
Opinion on Financial Statements
In our opinion the financial statements:
• Give a true and fair view of the state of the Union’s affairs as at 31 December 2015
and of its surplus 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 Trade Union and
Labour Relations (Consolidation) Act 1992.
Matters on Which we are Requ