74 Introduction and objectives
Statement of Trustees’ responsibilities for the year ended 31 December 2020 The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law, the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the Society at the year end and of its incoming resources and resources expended during that year. In preparing
those financial statements, the Trustees are required: n To select suitable accounting policies and then apply them consistently; n To observe the methods and principles in the Charities SORP; n To make judgements and estimates that are reasonable and prudent; n To state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; n To prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Society will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Society and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Society’s website. Legislation in the
United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Independent auditor’s report to the trustees of Royal Television Society
Disclosure of information to auditor In so far as the Trustees are aware: n There is no relevant audit information of which the Society’s auditors are unaware, and n The Trustees have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the Society’s auditors are aware of that information. This report has been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued October 2019) and in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. The Trustees’ report was approved by the Board of Trustees and signed on its behalf by: J Turton, Trustee
Dated 22 March 2021
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Opinion We have audited the accounts of Royal Television Society (the “parent charitable company”) and its subsidiaries (the “group”) for the year ended 31 December 2020 which comprise the Group Statement of Financial Activities, the Group and Parent Charitable Company Statement of Financial Position, the Group Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK
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