Charity number: 1122276
Ghurki Trust Teaching Hospital
Trustees' report and financial statements
for the year ended 3 March 2024
Ghurki Trust Teaching Hospital
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 4 |
| Independent examiners' report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 11 |
Ghurki Trust Teaching Hospital
Legal and administrative information
Charity number 1122276 Business address 303 Withington Road Chorlton Cum,Hardy Manchester M21 0YA Trustees Mohammad Tufail Sajid Hussain Faruqi Muhammad Ajmal Khan Abdul Ghaffar
Page 1
Ghurki Trust Teaching Hospital
Report of the trustees for the year ended 3 March 2024
The trustees present their report and the financial statements for the year ended 3 March 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Objectives and activities
Objectives and aims
To raise funds for The Ghurki Teaching Hospital Trust in Lahore, Pakistan to provide:
1) The relief of sickness and the preservation of health among people residing permanently or temporarily in Pakistan.
2) To assist in the treatment and care of persons suffering from mental or physical illness of any description or in need of rehabilitation as a result of such illness.
3) To relieve sickness and to preserve the health of patients of the Ghurki Trust Teaching Hospital, Pakistan by providing or assisting in the provision of equipment, facilities and services.
Achievements and performance
CYBER KNIFE (Radio Robotic Surgery Unit)
The CyberKnife at Ghurki Trust Teaching Hospital is a state of the art, no-inasive robotic radiosurgery system designed for treating tumors with pinpoint accuracy. It represents a significant advancement in cancer treatment, offering a painless alternative to traditional surgery. The system uses advanced imaging to deliver high doses of radiation directly to the tumor, minimizing damage to surrounding healthy tissues. Suitable for treating various cancers, including brain, spine, lungs, liver and prostate, Cyberknife provides patients with a highly effective option with fewer side effects and shorter recovery times. CyberKnife was inaugurated in March-2022 and more than 100 Patients treated Free of Cost with the Cyberknife till Dec-2023.
CONSTRUCTION OF GHURKI MEDICAL & DENTAL COLLEGE (GMDC)
Management of Ghurki Trust has started to construct a medical college and Ghurki Institute of Sciences & Technology in consideration of increasing financial constraints & Self Sustainability of Ghurki Trust Teaching Hospital. This medical college will be functional under the Umbrella of “Ghurki Trust”. The budget of 8.5 million GBP is fixed to construct this mega Project, The objective of this educational institute is to enhance the medical education and to attain the self-sustainability of hospital.
DEPLOYMENT OF HOSPITAL MANAGEMENT & INFORMATION SYSTEM (HIMS)
Hospital management information System (HMIS) plays a vital role to boost the efficiency of setup by retrieving the data and information. All patients record is started in a befitting way for the research work of medical and non-medical Professionals. In Ghurki Hospital almost 500 workstations are working to record the data.
1.5 TESLA MRI WITH ARTIFICIAL INTELLIGENCE FEATURES:
Ghurki Trust Teaching Hospital has started the installation of brand new MRI having a capacity of 1.4 T with Artificial Intelligence (AI). It’s a costly project to the tune of 0.9 million GBP. This machine will help out the Patients scan to a very precise level. This project was started in August-2023 and shall be completed till January-2025.
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Ghurki Trust Teaching Hospital
Report of the trustees for the year ended 3 March 2024
EXTENSION OF RECORD ROOM
As the number of patients are increasing day by day. To store the medical record and data hospital management started to medical record room. This medical record is transferred in the extended area
PHARMACY EXTENSION AND ANTI-SEPTIC AREA
To provide the state of the art facilities to the patients without any delay and in an antiseptic environment. Extension of Pharmacy started in Sep-2022. The Completion of Pharmacy in Nov-2023.
REVAMPING OF INTENSIVE CARE UNIT (ICU)
To reduce the bacterial infection and to meet the international standards for the Patients who are required extra care the revamping of ICU was started in Oct-2022 and completed in is February-2023. Total cost for this is 35,000 GBP.
Financial review
Reserves policy
It is the policy of the charity to maintain unrestricted funds at a level sufficient to cover unforeseen expenditure and shortfall in income. The trustees remain confident in their ability to raise the necessary funds, thereby adhering to the maintenance of a balanced budget
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
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Ghurki Trust Teaching Hospital Report of the trustees for Ihe year ended 3 March 2024 On behillf of (he board Secretary Page 4
Ghurki Trust Teaching Hospital
Independent examiner's report to the trustees on the unaudited financial statements of Ghurki Trust Teaching Hospital.
I report on the accounts of Ghurki Trust Teaching Hospital for the year ended 3 March 2024 set out on pages 2 to 11.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent examiner
Page 5
Ghurki Trust Teaching Hospital
Statement of financial activities
For the year ended 3 March 2024
| Notes Unrestricted funds £ Incoming resources Incoming resources from generating funds: Voluntary income 2 136,836 Total incoming resources 136,836 Resources expended Charitable activities 3 259,502 Governance costs 5 4,886 Total resources expended 264,388 Total funds brought forward 56,858 Total funds carried forward (70,694) |
2024 Total £ 136,836 136,836 259,502 4,886 264,388 56,858 (70,694) |
2023 Total £ 257,836 |
|---|---|---|
| 257,836 | ||
| 154,899 739 |
||
| 155,638 | ||
| 184,411 286,609 |
The notes on pages 8 to 11 form an integral part of these financial statements.
Page 6
Ghurki Trust Teaching Hospital Balance sheet as at 3 March 2024 2024 2023 Notes Current a&sets Cash ai bank and in hand 56.858 184.411 56.858 184.411 Net current assets 56.858 184,411 Net a&se¢s 56.858 184.411 Funds Unrestricted income funds 56.858 184.41 Total funds 56.858 184,411 The fin41ncial staiemeni.s were approved by the tru%tees on and .signed on il% behalf by Mohammad Tufail Trustee The notes on pages 8 to I I form an integral part of these financial statements. Page 7
Ghurki Trust Teaching Hospital
Notes to financial statements for the year ended 3 March 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.4. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment -
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Ghurki Trust Teaching Hospital
Notes to financial statements for the year ended 3 March 2024
| 2. Voluntary income Unrestricted funds Donations £ 136,836 136,836 3. Costs of charitable activities - by fund type Unrestricted funds Activity 1 £ 259,502 259,502 4. Costs of charitable activities - by activity Activities undertaken directly Activity 1 £ 259,502 259,502 5. Governance costs Unrestricted funds £ Staff costs - Wages & salaries 700 Other motor & travel expenses 3,092 Office expenses - Communication & IT 1,053 Office expenses - Other 41 4,886 |
2024 2023 Total Total £ 136,836 £ 257,836 136,836 257,836 2024 2023 Total Total £ 259,502 £ 154,899 259,502 154,899 2024 2023 Total Total £ 259,502 £ 154,899 259,502 154,899 2024 2023 Total £ Total £ 700 - 3,092 - 1,053 739 41 - 4,886 150,718 |
|---|---|
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Ghurki Trust Teaching Hospital
Notes to financial statements for the year ended 3 March 2024
| 6. Employees Employment costs Wages and salaries No employee received emoluments of more than £60,000 (2023 : None). |
2024 £ 700 |
2023 £ - |
|---|---|---|
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2024 Number Admin 4 Fixtures, 7. Tangible fixed assets fittings and equipment £ Cost At 4 March 2023 and At 3 March 2024 154 Depreciation At 4 March 2023 and Net book values At 3 March 2024 - 8. Analysis of net assets between funds |
2023 Number 4 Total £ 154 - |
|---|---|
Fund balances at 3 March 2024 as represented by:
Total funds £ -
Page 10
Ghurki Trust Teaching Hospital
Notes to financial statements for the year ended 3 March 2024
| 9. | Unrestricted funds | At | At | ||
|---|---|---|---|---|---|
| 4 March | Incoming | Outgoing | 3 March | ||
| 2023 | resources | resources | 2024 | ||
| £ | £ | £ | £ | ||
| Description for Unrestricted Fund 1 | 184,411 | 136,836 | (264,389) | 56,858 |
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Ghurki Trust Teaching Hospital
The following pages do not form part of the statutory accounts.
Ghurki Trust Teaching Hospital
Detailed statement of financial activities
For the year ended 3 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Incoming resources from generating funds: | ||||
| Voluntary income | ||||
| Donations | 136,836 | 257,836 | ||
| 136,836 | 257,836 | |||
| Total incoming resources from generating funds | 136,836 | 257,836 | ||
| Total incoming resources | 136,836 | 257,836 | ||
| Resources expended | ||||
| Costs of generating funds: | ||||
| Fundraising trading: | ||||
| cost of goods sold and other costs |
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Ghurki Trust Teaching Hospital
Detailed statement of financial activities
For the year ended 3 March 2024
| Charitable activities Activity 1 Activities undertaken directly Activity1 - Medical Equipment Activity 1 total expenditure Total charitable activity expenditure Governance costs Activities undertaken directly Staff costs - Wages & salaries Other motor & travel expenses Office expenses - Communication & IT Office expenses - Other Total governance costs Net incoming/(outgoing) resources for the year |
2024 £ 259,502 259,502 259,502 259,502 700 3,092 1,053 41 4,886 4,886 (127,552) |
2023 £ 154,899 154,899 154,899 154,899 - - 739 . 739 739 102,197 |
2023 £ 154,899 154,899 154,899 154,899 - - 739 . 739 739 102,197 |
|---|---|---|---|
| 154,899 | |||
| 154,899 739 |
|||
| 739 102,197 |
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