KCHC Annual Review 2023-24 WEB Singles - Flipbook - Page 40
Governance
Statement of Trustees’ responsibilities
The Trustees (who are also directors of King’s College
Hospital Charity for the purposes of company law)
are responsible for preparing the Trustees’ report and
financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare
financial statements for each financial year that
give a true and fair view of the state of affairs of
the charitable company and of the income and
expenditure of the charitable company for that period.
In preparing these financial statements, the Trustees
are required to:
• Select suitable accounting policies and then apply
them consistently;
• Observe the methods and principles in ‘Accounting
and Reporting by Charities: Statement of
Recommended Practice’ applicable to charities
preparing their financial statements in accordance
with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102);
Each of the Trustees confirms that:
• So far as the Trustee is aware, there is no relevant
audit information of which the charitable company’s
auditor is unaware; and
• The Trustee has taken all the steps that they ought
to have taken as a trustee in order to make himself/
herself aware of any relevant audit information and
to establish that the charitable company’s auditor is
aware of that information.
This confirmation is given and should be interpreted
in accordance with the provisions of Section 418 of the
Companies Act 2006.
The Trustees are responsible for the maintenance and
integrity of the corporate and financial information
included on the charitable company’s website.
Legislation in the United Kingdom governing the
preparation and dissemination of financial statements
may differ from legislation in other jurisdictions.
• Make judgements and estimates that are reasonable
and prudent;
• State whether applicable United Kingdom
Accounting Standards have been followed, subject
to any material departures disclosed and explained
in the financial statements; and
• Prepare the financial statements on the going
concern basis, unless it is inappropriate to presume
that the charitable company will continue in
operation.
The Trustees are responsible for keeping proper
accounting records that disclose with reasonable
accuracy at any time the financial position of the
charitable company and enable them to ensure that
the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding
the assets of the charitable company and hence
for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
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S U P P O R T K I N G S .O R G .U K
Adrian Williams
Chair of Trustees
26 July 2024
Florence Akende
Treasurer
26 July 2024
