Docusign Envelope ID: 7C07248F-983B-4F8B-904D-FCB9B680B5CE
THE UTC COMMON INVESTMENT FUND
ADMINISTRATOR’S REPORT YEAR ENDED 31 DECEMBER 2023
Statement of t rustee’s responsibilities
The t rustee’s responsibilities in respect of the financial statements The financial statements, which are prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including the Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”), are the responsibility of the trustee. The trustee is responsible for ensuring that the financial statements: give a true and fair view of the financial transactions of the CIF during the year and of the amount and disposition at the end of the year of its assets and liabilities; state whether applicable United Kingdom Accounting Standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements; and comply with the requirements of the Administration Agreement dated 6 April 1983 (as amended). In discharging these responsibilities, the trustee is responsible for selecting suitable accounting policies, to be applied consistently, making any estimates and judgements on a prudent and reasonable basis, and for ensuring that the financial statements are prepared on a going concern basis unless it is inappropriate to presume that the CIF will continue as a going concern. The trustee has a general responsibility for ensuring that accounting records are kept and for taking such steps as are reasonably open to it to safeguard the assets of the CIF and to prevent and detect fraud and other irregularities, including the maintenance of an appropriate system of internal control. The trustee is also responsible for the maintenance and integrity of the Participating Scheme website which can be found at https://online.flippingbook.com/view/667561390/. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approval The report of the Administrator on pages 4 to 6 was approved by the Administrator and signed on behalf of its Board;
Director of the Administrator, UTC Pension Trust Limited............................................................................
7/25/2024
Date..................................
6
Made with FlippingBook Publishing Software