2002 Annual Report Of The Royal Society of New Zealand

Incorporating the 2002 Academy Council Yearbook

2002 Annual Report Of The Royal Society of New Zealand Contents | Introduction | Council membership | Electoral colleges | Allocation of funding | Medals and awards | Publishing | Education programmes | Promoting science and technology | International activities | Royal Society of New Zealand committees | Policy papers | Report of The Audit Office | Financial Statements 2002
2002 Academy Council Yearbook | Contents| Foreword | President's Foreword | Academy Council | Past Presidents | Fellowship | Honorary Fellows | Obituaries:| Richard Kenneth Dell | Sir Raymond (William) Firth | Council Report | Activities | Committees | Awards

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Auditors' Report

to the members of the Royal Society of New Zealand

We have audited the financial statements on pages 101 to 108. The financial statements provide information about the past financial performance and cash flows of the Society for the eighteen month period ended 30 June 2002 and its financial position as at that date. This information is stated in accordance with the accounting policies set out on pages 103 to 105

Responsibilities of the Council

The Society's Council are responsible for the preparation and presentation of the financial statements which give a true and fair view of the financial position of the Society as at 30 June 2002 and its financial performance and cash flows for the eighteen month period ended on that date.

Auditors' responsibilities

We are responsible for expressing an independent opinion on the financial statements presented by the Council and reporting our opinion to you.

Basis of opinion

An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial statements. It also includes assessing:

(a) the significant estimates and judgements made by the Council in the preparation of the financial statements; and

(b) whether the accounting policies are appropriate to the circumstances of the Society, consistently applied and adequately disclosed.

We conducted our audit in accordance with generally accepted auditing standards in New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

We have no relationship with or interests in the Society other than in our capacity as auditors.

Unqualified opinion

We have obtained all the information and explanations we have required.

In our opinion:

(a) proper accounting records have been kept by the Society as far as appears from our examination of those records; and

(b) the financial statements on pages 101 to 108:

(i) comply with generally accepted accounting practice in New Zealand; and

(ii) give a true and fair view of the financial position of the Society as at 30 June 2002 and its financial performance and cash flows for the eighteen month period ended on that date.

Our audit was completed on 3 October 2002 and our unqualified opinion is expressed as at that date.

Chartered Accountants

Wellington

 

Royal Society of New Zealand Councillors' Responsibility Statement

The Councillors are responsible for ensuring that the financial statements give a true and fair view of the financial position of the Society as at 30 June 2002 and its financial performance and cash flows for the 18 months ended on that date.

The Councillors consider that the financial statements of the Society have been prepared using appropriate accounting policies, consistently applied and supported by reasonable judgements and estimates and that all relevant financial reporting and accounting standards have been followed.

The Councillors believe that proper accounting records have been kept which enable, with reasonable accuracy, the determination of the financial position of the Society and facilitate compliance of the financial statements with the Financial Reporting Act 1993.

The Councillors consider they have taken adequate steps to safeguard the assets of the Society and to prevent and detect fraud and other irregularities.

For and on behalf of the Council.

Sir Gil Simpson KNZM QSM DSc (honoris causa)

President of the Royal Society of New Zealand

3 October 2002

 

Change of Financial Balance date

The Royal Society has changed its financial balance date from 31 December to 30 June to coincide with its largest client's balance date. The current set of audited financial statements therefore cover an 18 month period to 30 June 2002.