House of Lords Security Fund|
Account for the year ended 31 March 2001
In all civil cases where an Appeal lies to the House
of Lords, under the provisions of the Appellate Jurisdiction Act
1876, Appellants must provide security for the costs of such Appeals.
The following categories are exempt from this requirement:
(i) Appellants who have been
granted Legal Aid;
(ii) Appellants in Appeals under the Child Abduction
& Custody Act 1985;
(iii) an Appellant who is a Minister or Government
(iv) where all the Respondents agree to Security
for Costs being waived.
The Account of the House of Lords Security Fund records
the receipt, payment and disposition of the lodgements for each
financial year. The sum lodged by the Appellants is a statutory
amount as authorised from time to time by the House of Lords'
Offices Committee. The most recent revision was in October 2000
when it was increased from £18,000 to £25,000. No other
receipts and payments are entered in this account; no interest
is paid on the lodgements, nor are any fees deducted. Public funds
benefit from the Security Fund in so far as monies in the hands
of the Paymaster General are lent back to the Treasury from day
to day, thus reducing borrowing from the public.
Security Fund monies are payable to the relevant
Party usually on issue of the Final Judgment or Taxation of the
Bill of Costs.
STATEMENT OF THE RESPONSIBILITIES OF THE ACCOUNTING
OFFICER AND THE ACCOUNTANT OF THE HOUSE OF LORDS
The Clerk of the Parliaments as ex-officio Accounting
Officer, through his appointment by Letters Patent issued by Her
Majesty, is responsible for the administration of and preparation
of accounts for the House of Lords, including those for the Security
Fund. The Security Fund Accounts are prepared on a cash basis
and must properly present the receipts and payments for the financial
year and the balances held at year-end.
The Clerk's relevant responsibilities as Accounting
Officer, including his responsibility for the propriety and regularity
of the finances for which he is answerable and for the keeping
of proper records, are set out in the Accounting Officers' Memorandum,
issued by the Treasury, published in Government Accounting and
copied to the Clerk on his appointment.
The Accountant of the House of Lords is delegated
by the Accounting Officer to be responsible for maintaining proper
accounting records, for the preparation of the annual accounts
and for signing the accounts together with the Clerk.
Account for the House of Lords Security Fund Year
ended 31 March 2001
Note: The closing balance of £1,169,000 was
made up of one Deposit of £12,000, 49 deposits of £18,000
and 11 deposits of £25,000.
|C. Preece||J. M. Davies
|Accountant||Clerk of the Parliaments
26 June 2001
THE CERTIFICATE OF THE COMPTROLLER AND AUDITOR
GENERAL TO THE HOUSE OF LORDS OFFICES COMMITTEE
I certify that I have audited the financial statements
on page 91 in accordance with SI 1984/1074 and section 3(1) of
the Exchequer and Audit Departments Act 1921. These financial
statements have been prepared in a form approved by the House
of Lords Offices Committee.
Respective Responsibilities of the Accounting
Officer, Accountant of the House of Lords and Auditor
As described on page 90, the Clerk of the Parliaments,
as Accounting Officer, and the Accountant of the House of Lords
are responsible for the preparation of the financial statements.
The Accounting Officer and the Accountant of the House of Lords
are also responsible for the preparation of the Foreword. The
Accounting Officer is responsible for the preparation of the other
contents of the Annual Report. My responsibilities, as independent
auditor, are established by statute and guided by the Auditing
Practices Board and the auditing profession's ethical guidance.
I report my opinion as to whether the financial statements
properly present the receipts and payments of the House of Lords
Security Fund. I also report if, in my opinion, the Foreword is
not consistent with the financial statements, if the House of
Lords has not kept proper accounting records, or if I have not
received all the information and explanations I require for my
audit. I read the other information contained in the Annual Report
and consider whether it is consistent with the audited financial
statements. I consider the implications for my certificate if
I become aware of any apparent misstatements or material inconsistencies
with the financial statements.
Basis of Opinion
I conducted my audit in accordance with United Kingdom
Auditing Standards issued by the Auditing Practices Board. An
audit includes examination, on a test basis, of evidence relevant
to the amounts, disclosures and regularity of financial transactions
included in the financial statements. It also includes an assessment
of the significant estimates and judgements made by the Accounting
Officer and the Accountant in the preparation of the financial
I planned and performed my audit so as to obtain
all the information and explanations which I considered necessary
in order to provide me with sufficient evidence to give reasonable
assurance that the financial statements are free from material
misstatement, whether caused by error or by fraud or other irregularity.
In forming my opinion I have also evaluated the overall adequacy
of the presentation of information in the financial statements.
In my opinion the account properly presents the receipts
and payments of the House of Lords Security Fund for the year
ended 31 March 2001 and the balance held at that date.
|J. D. Thorpe||National Audit Office
|Director of Audit
||157-197 Buckingham Palace Road
|for the Comptroller
|and Auditor General
||London SW1W 9SP|
6 July 2001