5 Boroughs Partnership NHS Foundation Trust Annual ... - Monitor

Statements of Assurance Provided by the Trust Board
As part of our Quality Report, we are required to present a series of
statements which have been agreed by the Trust Board that relate to the
quality of our services – see page 86.
These statements serve to offer assurance to our members and the general
public that we are:
Performing to national essential standards for safety and quality (CQC
Registration standards)
Measuring and improving our clinical performance in audit and research
activity
Engaging in innovative projects (CQUIN framework)
Maintaining compliance with our Monitor targets.
System of Internal Control
Risks to the Trust’s Strategic Objectives are managed by a System of Internal
Control. The System of Internal Control is designed to manage risk to a
reasonable level rather than to eliminate all risk of failure to achieve policies,
aims and objectives.
The System of Internal Control is based on an ongoing process designed to:
Identify and prioritise the risks to the achievement of the organisation’s
policies, aims and objectives (via the Assurance Framework)
Evaluate the likelihood of those risks being realised and the impact should
they be realised and manage them efficiently, effectively and
economically.
Maintaining and reviewing Systems of Internal Control throughout the Trust is
monitored through the Trust Board, its sub-committees and through an
effective governance structure.
The Assurance Framework
The Trust regards the Assurance Framework as an essential element of the
management of risk within the Trust. The Assurance Framework is integrated
into the overarching risk management framework. The Assurance Framework
provides key evidence to support the Annual Governance Statement.
The Trust Board approves the Assurance Framework and receives bi-monthly
reports detailing progress against risk control and assurance for the delivery
of objectives. The Trust’s Leadership Forum is the accountable and
responsible group for monitoring and critical review of the Assurance
Framework. Progress against key targets is discussed at each meeting.
Internal Audit Assurance Framework
An Internal Assurance Framework has been established, which is designed
and operating to meet the requirements of the Annual Governance Statement
and provide reasonable assurance that there is an effective System of Internal
Control to manage the principal risks identified by the organisation.
Annual Report and Annual Accounts 2011-12 23