REGISTERED CHARITY NUMBER: 1122276
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 3 March 2022
for
Ghurki Trust Teaching Hospital
Nabaile Young Chartered Accountants 334 Slade Lane Manchester United Kingdom M19 2BL
Ghurki Trust Teaching Hospital
Contents of the Financial Statements for the Year Ended 3 March 2022
| Page | Page | |
|---|---|---|
| Report of the Trustees | 1 | to 2 |
| Statement of Financial Activities | 3 | |
| Balance Sheet | 4 | |
| Notes to the Financial Statements | 5 | to 9 |
| Detailed Statement of Financial Activities | 10 |
Ghurki Trust Teaching Hospital
Report of the Trustees
for the Year Ended 3 March 2022
The trustees present their report with the financial statements of the charity for the year ended 3 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
ACHIEVEMENT AND PERFORMANCE
Charitable activities
1. REVAMPING OF OLD OT BLOCK
Revamping of old Operation Theater was started in December 2019 which was completed at the end of 2020 and Inaugurated in Feb-2021. The Project includes revamping of 5 operation theaters. Most of the equipment is import from UK, Poland & UAE. The cost of project was Rs. 52 million that includes infrastructure and purchase of equipment.
2. EXECUTIVE ROOMS BLOCK
Construction of Executive Rooms Block was started in February 2018 which was completed in 2021. The Block have 24 well furnished rooms and executive clinics for private patients. The Budgeted cost of project is Rs. 70.00 million which include the civil work, Equipment, Furniture & Electric Equipment. The Executive Block Inaugurated on 14th August, 2021.
3. DIALYSIS CENTER
Construction of Dialysis Center was started in September 2020 which was completed in April-2021. The Dialysis center was inaugurated on 14th August, 2021. The budgeted cost of project was Rs.40 Million which include the civil work, Dialysis machines, Furniture & Electric Equipment.
4. CYBER KNIFE (Radio Robotic Surgery Unit)
The first and only fully robotic radiation delivery system. It treats cancerous and non-cancerous tumors and other targets, precisely and accurately delivering radiation anywhere in the body. A Budget of Rs.600 million was approved for Cyber Knife. Civil work has been completed and installation of machine is started. The Project is expected to complete till February 2022.
5. MUSAFIR KHANA
With a rapid increase in number of patients over the time, there was an inevitable need of time to construct patient’s waiting area for their attendants. For that purpose, an area of 6000 sqr.ft. was allocated for patient’s sitting. The Project is completed & Inaugurated on 14th August, 2021. Total cost of the Project was 20 Millions.
6. CAFETERIA
To fulfill the quality food requirements, the construction of cafeteria was started in October 2018. The cafeteria shall include 2 hygienic kitchens along with the sitting area for attendants & hospital employees. For that purpose, an area of 5400 sqr.ft. was allocated. Total cost of the project is Rs. 60.00 million which was completed & Inaugurated on 11th October, 2021.
7. DEPLOYMENT OF HOSPITAL MANAGEMENT & INFORMATION SYSTEM (HIMS):
Management software’s plays key role in completion of tasks timely and effective manner, so in this connection, new hospital management & information system will be provided to all department for their smooth operation. The complete implementation of the system is expected in the mid of 2022.
Page 1
Ghurki Trust Teaching Hospital
Report of the Trustees
for the Year Ended 3 March 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1122276
Principal address
303 Withington Road Chorlton Cum,Hardy Manchester M21 0YA
Trustees
M Tufail A Ghaffar Wahid Ahmed N U Hassan
Approved by order of the board of trustees on 22 December 2022 and signed on its behalf by:
M Tufail - Trustee
Page 2
Ghurki Trust Teaching Hospital
Statement of Financial Activities for the Year Ended 3 March 2022
| INCOME AND ENDOWMENTS FROM Notes Donations and legacies EXPENDITURE ON Raising funds Charitable activities Charity Object activity cost Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
3.3.22 Unrestricted fund £ 3.3.21 Total funds £ 28,090 43,573 |
|---|---|
| - 1,369 84 3,903 |
|
| 84 5,272 |
|
| 28,006 38,301 54,208 15,907 |
|
| 82,214 54,208 |
The notes form part of these financial statements
Page 3
Ghurki Trust Teaching Hospital
| Balance Sheet 3 March 2022 CURRENT ASSETS 3.3.22 Unrestricted fund Notes £ Cash at bank and in hand 82,214 CREDITORS Amounts falling due within one year 5 - NET CURRENT ASSETS 82,214 TOTAL ASSETS LESS CURRENT LIABILITIES 82,214 NET ASSETS 82,214 FUNDS 6 Unrestricted funds 82,214 TOTAL FUNDS 82,214 |
3.3.21 Total funds £ 54,991 (783) 54,208 54,208 54,208 54,208 54,208 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2022 and were signed on its behalf by:
M Tufail - Trustee
The notes form part of these financial statements
Page 4
Ghurki Trust Teaching Hospital
Notes to the Financial Statements for the Year Ended 3 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
Ghurki Trust Teaching Hospital
Notes to the Financial Statements - continued for the Year Ended 3 March 2022
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 3 March 2022 nor for the year ended 3 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 3 March 2022 nor for the year ended 3 March 2021.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 43,573 | |
| EXPENDITURE ON | ||
| Raising funds | 1,369 | |
| Charitable activities | ||
| Charity Object activity cost | 3,903 | |
| Total | 5,272 | |
| NET INCOME | 38,301 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 15,907 | |
| TOTAL FUNDS CARRIED | ||
| FORWARD | 54,208 | |
| 4. | TANGIBLE FIXED ASSETS | |
| COST | Computer equipment £ |
|
| At 4 March 2021 and 3 March 2022 | 154 | |
| DEPRECIATION | ||
| At 4 March 2021 and 3 March 2022 | 154 | |
| NET BOOK VALUE | ||
| At 3 March 2022 | - | |
| At 3 March 2021 | - |
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continued...
Ghurki Trust Teaching Hospital
Notes to the Financial Statements - continued for the Year Ended 3 March 2022
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|---|---|
| 3.3.22 3.3.21 |
|||
| £ £ |
|||
| Trade creditors | - 783 |
||
| 6. | MOVEMENT IN FUNDS | ||
| Net | |||
| movement At |
|||
| At 4.3.21 | in funds 3.3.22 |
||
| £ | £ £ |
||
| Unrestricted funds | |||
| General fund | 54,208 | 28,006 82,214 |
|
| TOTAL FUNDS | 54,208 | 28,006 82,214 |
|
| Net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources Movement expended in funds £ £ |
|
| General fund | 28,090 | (84) 28,006 |
|
| TOTAL FUNDS | 28,090 | (84) 28,006 |
|
| Comparatives for movement in funds | |||
| Unrestricted funds | At 4.3.20 £ |
Net movement At in funds £ 3.3.21 £ |
|
| General fund | 15,907 | 38,301 54,208 |
|
| TOTAL FUNDS | 15,907 | 38,301 54,208 |
|
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continued...
Ghurki Trust Teaching Hospital
Notes to the Financial Statements - continued for the Year Ended 3 March 2022
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 43,573 |
(5,272) | 38,301 |
| TOTAL FUNDS 43,573 |
(5,272) | 38,301 |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| Net | ||
| movement | At | |
| At 4.3.20 | in funds | 3.3.22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 15,907 |
66,307 | 82,214 |
| TOTAL FUNDS 15,907 |
66,307 | 82,214 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 71,663 | (5,356) | 66,307 |
| TOTAL FUNDS | 71,663 | (5,356) | 66,307 |
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continued...
Ghurki Trust Teaching Hospital
Notes to the Financial Statements - continued
for the Year Ended 3 March 2022
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 3 March 2022.
Page 9
Ghurki Trust Teaching Hospital
| Detailed Statement of Financial Activities for the Year Ended 3 March 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Raising donations and legacies Legal fee Charitable activities Telephone Advertising Charity Object Activity Costs Total resources expended Net income |
3.3.22 £ 3.3.21 £ 28,090 43,573 |
|---|---|
| 28,090 43,573 - 1,369 84 569 - 2,964 - 370 |
|
| 84 3,903 |
|
| 84 5,272 |
|
| 28,006 38,301 |
This page does not form part of the statutory financial statements
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