Statement of Directors’ responsibilities
The Directors are responsible for preparing the Annual Report and
the Consolidated financial statements in accordance with applicable
law and regulations.
The Companies Act 2006, being the applicable law in the UK,
requires the Directors to prepare financial statements for each
financial year. The Directors have prepared the Group and the
Company financial statements in accordance with International
Financial Reporting Standards (IFRS) as adopted by the European
Union (EU). The financial statements are required by law to give a true
and fair view of the state of affairs of the Company and the Group
and of the profit or loss of the Group for that period.
In preparing those financial statements the Directors are required to:
–– Select suitable accounting policies and then apply them consistently
–– Make judgements and estimates that are reasonable and prudent
–– State that the financial statements comply with IFRS as adopted by
the EU, subject to any material departure disclosed and explained
in the financial statements
–– Prepare the financial statements on a going concern basis, unless
it is inappropriate to presume that the Group will continue in
business, in which case there should be supporting assumptions
or qualifications as necessary
The Directors are also required by the Disclosure and Transparency
Rules of the FCA to include a management report containing a fair
review of the business and a description of the principal risks and
uncertainties facing the Company and the Group.
The Directors are responsible for keeping proper books of accounting
records that are sufficient to show and explain the Company’s
transactions and disclose with reasonable accuracy at any time the
financial position of the Company and the Group and to enable them
to ensure that the financial statements and the Remuneration report
comply with the Companies Act 2006 and, as regards the Group
financial statements, Article 4 of the International Accounting
Standards Regulation. They are also responsible for safeguarding
the assets of the Company and the Group and hence for taking
reasonable steps for the prevention and detection of fraud and
other irregularities.
Governance
Directors’ statement
Each of the Directors, whose name and functions are listed in
the Board of Directors section of this Annual Report and Accounts,
confirms that, to the best of each person’s knowledge and belief:
–– The consolidated financial statements, prepared in accordance with
IFRS as adopted by the EU and in accordance with the Companies
Act 2006, give a true and fair view of the assets, liabilities, financial
position and profit of the Company and the Group
–– The Directors’ report contained in this Annual Report and
Accounts which comprises the sections described on page 65,
includes a fair review of the development and performance of the
business and the position of the Company and the Group and a
description of the principal risks and uncertainties that they face
–– So far as the Director is aware, there is no relevant audit information
of which the Company’s auditors are unaware
–– The Director has taken all the steps that ought to have been
taken as a Director in order to make himself or herself aware
of any relevant audit information and to establish that the
Company’s auditors are aware of that information
In addition, each of the Directors considers that this Annual Report
and Accounts, taken as a whole, is fair, balanced and understandable
and provides the information necessary for shareholders to assess
the Company’s performance, business model and strategy.
The Directors are responsible for the maintenance and integrity of the
audited financial information on the website at www.schroders.com.
Legislation in the UK governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Forward-looking statements
This Annual Report and Accounts and the Schroders website may
contain forward-looking statements with respect to the financial
condition, performance and position, strategy, results of operations
and businesses of the Company and the Group. Such statements
and forecasts involve risk and uncertainty because they are based
on current expectations and assumptions but relate to events and
depend upon circumstances in the future and you should not place
reliance on them. Without limitation, any statements preceded or
followed by or that include the words ‘targets’, ‘plans’, ‘believes’,
‘expects’, ‘confident’, ‘aims’, ‘will have’, ‘will be’, ‘will ensure’,
‘estimates’ or ‘anticipates’ or the negative of these terms or other
similar terms are intended to identify such forward-looking
statements. There are a number of factors that could cause actual
results or developments to differ materially from those expressed
or implied by forward-looking statements and forecasts. Forwardlooking statements and forecasts are based on the Directors’
current view and information known to them at the date of this
Annual Report and Accounts. The Directors do not make any
undertaking to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Nothing in this Annual Report and Accounts should be construed
as a forecast, estimate or projection of future financial performance.
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