**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.
**Page 2**
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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
**Page 3**
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:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
-
- to keep proper accounting records in accordance with section 41 of the Act; and
- 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 -
**Page 8**
## **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|
|---|---|
**Page 9**
## **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|
**Page 11**
## **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**|||||
**Page 13**
## **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|
**Page 14**