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Independent auditor’s report to the members of King’s College Hospital Charity
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We focused on specific laws and regulations which
we considered may have a direct material effect on
the accounts or the activities of the Charity. These
included, but were not limited to, the Companies
Act 2006, the Charities Act 2011 and Accounting and
Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting
Standard applicable to the United Kingdom and
Republic of Ireland (FRS 102) (effective 1 January
2019); and
We assessed the extent of compliance with the laws
and regulations identified above through making
enquiries of key management and review of minutes
of the Trustees’ meetings.
We assessed the susceptibility of the Charity’s financial
statements to material misstatement, including
obtaining an understanding of how fraud might
occur, by:
● Making enquiries of key management as to where
they considered there was susceptibility to fraud,
including whether they were aware of actual,
suspected or alleged fraud within the Charity during
the year; and
● Considering the internal controls in place to
mitigate risks of fraud and non-compliance with
laws and regulations.
To address the risk of fraud through management bias
and override of controls, we:
● Performed analytical procedures to identify any
unusual or unexpected relationships;
● Tested and reviewed journal entries to identify
unusual transactions;
● Tested the authorisation of expenditure;
● Assessed whether judgements and assumptions
made in determining the accounting estimates were
indicative of potential bias; and
● Investigated the rationale behind significant or
unusual transactions.
There are inherent limitations in our audit procedures
described above. The more removed that laws and
regulations are from financial transactions, the
less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit
procedures required to identify non-compliance with
laws and regulations to enquiry of the Trustees and
other management and the inspection of regulatory
and legal correspondence, if any.
Material misstatements that arise due to fraud can be
harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A further description of our responsibilities is available
on the Financial Reporting Council’s website at
www.frc.org.uk/auditorsresponsibilities. This
description forms part of our auditor’s report.
Use of our report
This report is made solely to the charitable company’s
members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work
has been undertaken so that we might state to the
charitable company’s members those matters we are
required to state to them in an auditor’s report and
for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to
anyone other than the charitable company and the
charitable company’s members as a body, for our
audit work, for this report, or for the opinions we
have formed.
Shachi Blakemore, Senior Statutory Auditor
For and on behalf of Buzzacott LLP, Statutory Auditor
130 Wood Street
London
EC2V 6DL
Date: 29 July 2022
In response to the risk of irregularities and noncompliance with laws and regulations, we designed
procedures, which included, but were not limited to:
● Agreeing financial statement disclosures to
underlying supporting documentation;
● Reading the minutes of meetings of Trustees; and
● Enquiring of as to actual and potential litigation
and claims.
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