Published date: 29 November 2023

This notice was replaced on 21 March 2024

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 21 March 2024)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Internal audit services - 79212200

Location of contract

SW3 4SR

Value of contract

£70,000

Procurement reference

RHC - 19

Published date

29 November 2023

Closing date

26 December 2023

Closing time

10am

Contract start date

1 April 2024

Contract end date

31 March 2027

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

RHC's governing document comprises of Letters Patent from the Crown. RHC's governance arrangements are similar to those of registered charities and follows the best practices, however, it is not a registered charity but is recognised as having charitable status by HMRC.

The principal activities of RHC are to care for the In-Pensioners (IPs) and the conservation of its historic buildings and grounds. RHC is partly funded by Grant in Aid from the MOD and from its two subsidiary companies, Royal Hospital Chelsea Appeal Ltd (RHCA), a charitable company and Chelsea Pensioners (RH) Ltd (CPRH), a trading company.

RHCA is the primary fundraising function, managing donations and legacies. CPRH manages all the commercial, retail and event income for the group. All activities are managed through a central finance function.

Internal audit is a vital element in the Hospital's governance. It provides the Commissioners, the Audit Committee, and the Accounting Officer with independent assurance about the adequacy and effectiveness of risk management, control and governance and value for money.

The service requires the delivery for the following.

¬ Estimated X 4 reviews per annum.
¬ X 1 follow up of previous actions (once a year)
¬ X 2 Progress reports for presentation at Audit Committee - This must demonstrate value added over the period, highlighting any systemic issues, and advising us of any relevant trends for the Royal Hospital Chelsea to better position itself for the future.
¬ Attendance at Audit Committee - twice a year

Examples of previous internal audit reviews include Staff wellbeing, staffing costs, Key financial controls (AR/AP), Heritage assets report, Risk Management and Occupancy Management.

Detailed information can be found in the ITT document attached to the advert.

More information

Attachments

Additional text

Please follow all instructions contained in the Invitation to tender document to bid for this service.

Note: The value listed on the advert is only an estimate from market research and is not an indication of available budgets. Please submit bids based on the requirement and all will be considered fairly and in line with the criteria set out in the Invitation to tender.

About the buyer

Contact name

Jonathan Clarke

Address

Royal Hospital Road
LONDON
SW34SR
England

Telephone

02078815436

Email

jonathan.clarke@chelsea-pensioners.org.uk

Website

www.chelsea-pensioners.org.uk