1.2.2 Deloitte's - Item 7a 2005 Audit letter post client c–

Great Ormond Street Hospital for Children NHS Trust Annual Audit Letter 2004/05 This report has been prepared on the basis of the limitations set out on page 19. Contents Page 1. Key points 4 2. Overall financial standing 12 3. Statement of accounts 13 4. Use of Resources 14 5. Financial aspects of corporate governance 16 6. Next year’s audit plan 18 7. Statement of responsibility 19 Appendix 1: Action Plan 20 Appendix 2: Follow up of action on our 2003/04 audit letter recommendations 23 St Mary’s NHS Trust The Directors Great Ormond Street Hospital for Children NHS Trust Great Ormond Street London WC1N 3JH October 2005 Ladies and Gentlemen We have pleasure in submitting our 2005 Audit Letter to you. The letter summarises the main results and conclusions from our audit work over the last year. As you will know, our audit work is performed in accordance with the Audit Commission’s Code of Audit Practice for Local Authorities and the National Health Service in England and Wales (“the Code of Practice”). Section 1 of this letter shows how we have covered the requirements of the Code of Practice and the key issues arising from our work that we consider the Trust Board needs to address as priorities over the coming months. It also gives an update to our audit risk assessment advised in our Audit Plan. The prioritised action plan in Appendix 1 pulls together all the recommendations within this letter. This should ...