KCHC Annual Review 2023-24 WEB Singles - Flipbook - Page 42
Independent auditor’s report to the members of King’s College Hospital Charity
there is a material misstatement in the financial
statements or a material misstatement of the other
information. If, based on the work we have performed,
we conclude that there is a material misstatement of
this other information, we are required to report that
fact.
We have nothing to report in this regard.
Opinions on other matters prescribed
by the Companies Act 2006
In our opinion, based on the work undertaken in the
course of the audit:
• the information given in the trustees’ annual
report for the financial year for which the financial
statements are prepared is consistent with the
financial statements; and
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities
statement set out on page 40, the trustees (who
are also the directors of the charitable company for
the purposes of company law) are responsible for
the preparation of the financial statements and for
being satisfied that they give a true and fair view, and
for such internal control as the trustees determine
is necessary to enable the preparation of financial
statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the trustees are
responsible for assessing the charitable company’s
ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and
using the going concern basis of accounting unless
the trustees either intend to liquidate the charitable
company or to cease operations, or have no realistic
alternative but to do so.
• the trustees’ annual report has been prepared in
accordance with applicable legal requirements.
Auditor’s responsibilities for the audit
of the financial statements
Matters on which we are required to
report by exception
In the light of the knowledge and understanding of
the company and its environment obtained in the
course of the audit, we have not identified material
misstatements in the trustees’ annual report.
We have nothing to report in respect of the following
matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
• adequate accounting records have not been kept,
or returns adequate for our audit have not been
received from branches not visited by us; or
• the financial statements are not in agreement with
the accounting records and returns; or
• certain disclosures of trustees’ remuneration
specified by law are not made; or
• we have not received all the information and
explanations we require for our audit; or
• the trustees were not entitled to take advantage of
the small companies exemption from preparing a
Strategic Report.
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S U P P O R T K I N G S .O R G .U K
Our objectives are to obtain reasonable assurance
about whether the financial statements as a whole
are free from material misstatement, whether due
to fraud or error, and to issue an auditor’s report
that includes our opinion. Reasonable assurance is
a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAs (UK) will
always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are
considered material if, individually or in aggregate,
they could reasonably be expected to influence the
economic decisions of users taken on the basis of
these financial statements.
As part of an audit in accordance with ISAs (UK)
we exercise professional judgement and maintain
professional scepticism throughout the audit. We also:
• Identify and assess the risks of material
misstatement of the financial statements, whether
due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate
to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as
fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of
internal control.
