Award

CollegesWales External Audit Tender

COLLEGESWALES LTD

This public procurement record has 2 releases in its history.

Summary of the contracting process

The public procurement contracting process involves CollegesWales Ltd as the buying organisation based in Cardiff. The procurement concerns external audit services within the auditing industry category. The tender, titled "CollegesWales External Audit Tender", has advanced to the award stage, with the contract being signed on 17th November 2022.

This tender for external audit services by CollegesWales Ltd provides an opportunity for audit firms experienced in auditing charity accounts. The procurement method for this tender is open, aiming to engage a qualified audit company for auditing charity and group accounts. The completion of a corporation tax return for Fforwm Services Ltd is a key requirement, emphasising the specialised nature of this opportunity in the auditing services sector.

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Notice Title

CollegesWales External Audit Tender

Notice Description

ColegauCymru is a national educational charity that represents all of Wales' further education (FE) colleges and designated FE institutions (FEIs). The company was originally incorporated in 1993 as Fforwm Limited and on 1 June 2009 changed its name to Colleges Wales / ColegauCymru Limited and was branded as 'ColegauCymru / CollegesWales'. Fforwm Services Limited was established in 1995 and is a wholly owned trading subsidiary of Colleges Wales / ColegauCymru Limited.ColegauCymru/CollegesWales prepare consolidated financial statements each year. Fforwm Services Ltd, the charity's subsidiary company, undertakes an annual dividend/Deed of Covenant payment to the charity and prepares separate financial statements which are then consolidated into the charity financial statements. The external auditors will be required to complete a corporation tax return for Fforwm Services Ltd. The main areas of income for the charity are subscriptions from members and grant/project funds.The financial systems used by charity and the subsidiary company are Sage 50 Accounts Professional and Sage 50 Payroll Professional.The appointed firm shall be required to undertake:All such work as is deemed necessary to enable the auditors to complete their annual audits and report thereon:(a) To the Board of ColegauCymru/CollegesWales and Fforwm Services Ltd.(b) To the Audit Committee of the charity via management letterOther specialised audit work as required from time to time which will include the Corporation Tax return for Fforwm Services Ltd.The following financial statements, all with the year ended 31st July are to be included:Financial statements for both ColegauCymru/CollegesWales and the subsidiary company Fforwm Services Ltd. These will include consolidated financial statements for the group.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-125036
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=125036
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
6 Dec 20223 years ago
Submission Deadline
10 Oct 2022Expired
Future Notice Date
Not specified
Award Date
17 Nov 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
COLLEGESWALES LTD
Contact Name
Carolyn Thomas
Contact Email
carolyn.thomas@collegeswales.ac.uk
Contact Phone
+44 7534859430

Buyer Location

Locality
CARDIFF
Postcode
CF15 7AB
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified

Local Authority
Cardiff
Electoral Ward
Whitchurch and Tongwynlais
Westminster Constituency
Cardiff North

Supplier Information

Number of Suppliers
1
Supplier Name

BEVAN BUCKLAND

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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