Annual Report and Accounts 2012/13 - Royal Bournemouth Hospital

Financial AccountsAuditors’ ReportIndependent Auditors’ Reportto the Council of Governors andBoard of Directors of The RoyalBournemouth and ChristchurchHospitals NHS FoundationTrust.We have audited the financial statementsof The Royal Bournemouth andChristchurch Hospitals NHS FoundationTrust for the year ended 31 March2013 which comprise the Statement ofComprehensive Income, the Statementof Financial Position, the Statementof Changes in Taxpayers’ Equity, theCash Flow Statement and the relatednotes 1 to 33. The financial reportingframework that has been applied intheir preparation is applicable law andthe accounting policies directed byMonitor - Independent Regulator of NHSFoundation Trusts.This report is made solely to the Councilof Governors and Board of Directors (“theBoards”) of The Royal Bournemouth andChristchurch Hospitals NHS FoundationTrust, as a body, in accordance withparagraph 4 of Schedule 10 of theNational Health Service Act 2006. Ouraudit work has been undertaken sothat we might state to the Boards thosematters we are required to state to themin an auditors’ report and for no otherpurpose. To the fullest extent permittedby law, we do not accept or assumeresponsibility to anyone other than thetrust and the Boards as a body, for ouraudit work, for this report, or for theopinions we have formed.Respective responsibilitiesof the accounting officer andauditorAs explained more fully in the AccountingOfficer’s Responsibilities Statement, theAccounting Officer is responsible for thepreparation of the financial statementsand for being satisfied that they give atrue and fair view. Our responsibility isto audit and express an opinion on thefinancial statements in accordance withapplicable law, the Audit Code of NHSFoundation Trusts and InternationalStandards on Auditing (UK and Ireland).Those standards require us to complywith the Auditing Practices Board’sEthical Standards for Auditors.Scope of the audit of thefinancial statementsAn audit involves obtaining evidenceabout the amounts and disclosuresin the financial statements sufficientto give reasonable assurance that thefinancial statements are free from materialmisstatement, whether caused by fraudor error. This includes an assessmentof: whether the accounting policies areappropriate to the trust’s circumstancesand have been consistently applied andadequately disclosed; the reasonablenessof significant accounting estimatesmade by the Accounting Officer; andthe overall presentation of the financialstatements. In addition, we read all thefinancial and non-financial informationin the annual report to identify materialinconsistencies with the audited financialstatements and to identify any informationthat is apparently materially incorrectbased on, or materially inconsistentwith, the knowledge acquired by us inthe course of performing the audit. If webecome aware of any apparent materialmisstatements or inconsistencies weconsider the implications for our report.Annual Report and Accounts 2012/13 15