THE £1 HOSPITAL (ONE POUND HOSPITAL) Charity Registration Number: 1162150 Company Registration Number . 13794357 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL". 020 77WJ 6111 Page 10112
THE £1 HOSPITAL (ONE POUND HOSPITAL) FOR THE YEAR ENDED 31 OCTOBER 2023 CONTENTS Pages Informaknon ol linanaal Statements Rèport tsf the Executive Committee Statement ol respon5ibililies ol the Cotnmiltee" lfid&pendent Examinerfs Report Income and Expendituie Accounts Staletnent of Assets and Liabilities 10 Notes to the Accounis 11-12. Page 2 of 12
THE £1 HOSPITAL {ONE POUND HOSPITAL) FOR THE YEAR ENDED 31 OCTOBER 2023 MANAGEMENT COMMlffEE CHAIR PERSON Dr Mohammed Sanur Ali GEP4ERAL SECRETARY M Ayas Miah TREASURER Md Seraiul Islam ADDRESS 43 Ben Jonson Road London E14SA BANKER NAIWEST BANK PLC I LLOYOS BANK PLC INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL." 020 7790 6111 Chari 's Trustees.. Dr Mohammed Sanur Ali M Ayas Miah Md Serajul Islam M Abul Hashem Shah Suhel Ameen Page 3 of 12
THE £1 HOSPITAL (ONE POUND HOSPITAL) REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 OCTOBER 2023 The Iiuslee5 present their report and financial statements lor the year ended 31 Ortober 2023 The Tru5t8es have a¢opled the provisions ol the Statement ol Recommended Piacli¢e ISORPI Accounting and Reporting by Charitie5 1S5ued In 2005 in preparing the annual report and financial statements of the Chaiity Legal Status- Company Lirniled by guarantee, company number.. 13794357 Charity". Registered with the Charity Cotnmission. Charity Number. 1162150 Direclors and their inleresl-. The following served as direotors of the company during the year.. Or Mohammed Sanur Ali M Ayas Miah M Sefajul Islam M Abul Hashem Shah Suhel Ameen Objects, Principal Activlties and Organlsatlon of the Charity The Charity is a)nststuted as a company limited by guarantee. and is therefore governed by a memorèndum and articles ol associab.on ANO A ManagerrTrent Committee. the members of which are the Iruslees manages the affairs of the charity The Management Committee manages the business ol the charity including he pawng of all expenses. The Charily's object5 are for the benefil of the inhabitants of London, UK. and in Bangladesh in particular members of the Minority Ethe Comrnunity'es bul exclusively who are in hardship by.. 1. THE RELIEF OF SICKNESS AND THE PRESERVATION OF HEALTH AMONG PEOPLE RESIDING PERMANENTLY OR TEMPORARILY IN SYLHET. BANGLADESH, THROUGH THE PROVISION OF HOSPITAL CLINICS AND THE NECESSARY RESOURCES TO ALLOW FOR rrs EFFECTIVE OPERATION. 2. ADVANCE EDUCATION ANO TO PROVIDE COMMUNITY SERVICES WITH THE OBJECT OF IMPROVING THE QUALITY OF LIFE FOR THE GENERAL PU8LIC IN EAST LONDON 3 THE CHARITY CONTINUES TO PROVIDE HLIMANITARIAN ASSISTANCE TO THE MOSTVULNERABLE PEOPLE HERE IN UKAND IN 8ANGL4DESH Page4 of12
THE £1 HOSPITAL (ONE POUND HOSPITAL) REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 OCTOBER 2023 Organisation: A Management Commiltee, the members ol which aro boih directors and trustees manages the affairs ol the company and charity. The Management Committee manages the business ol the company and charity including the paying of all expenses. Directors and shareholding The diractors do ngt have ally share5 in the company, the company being limited by guarantee. Trustees= Truslees, who are a11 members ol the executive comrniltee, and who served during the year are set out on page 3. The Imstees are elected at the Annual General Meeting, for membership ol the Executive Cornmittee and serve until the end ol the next Annual Gengral Meetin9. where they can sland for - election a5 tnefflbers of the new Executive Committee. Directors. l Trustees responsibilities in relation to the financial statements The directors are QUIred by company law its prepare financial statement5 for each financial year wh1ch give 8 true and lair view ol the financial activities ol the charity and of Its financial position al the end of that year. In preparing Ihose financial statements the directors are reqLSired to". The Truslees are responsible for pparIng the Trustees Annual Report and the Financial Staler]enls in accordar)ce Wlh applicable law and regulations and United Kingdom Accounting Standards Iuniled Kin9dom Gener8lly Accepted Accounting PractiTrl The law applicable lo charities In England and Wales quires the Trustees to prepare Financial Statements for each financial year which giwe a Iiue and laii view of the slate of affairs of the charity and of the incoming resoufces and application ol resources ol the chzrity for that period. In preparir)g these Financi81 St81emenls. the Trustees are required to". Select suitable accounting policies and then apply them consislenlly". Observe the methods and pnnaples in the Charities SORP.. Make judgernenls and accounting estimates thai are reasonable and prudent,. Prepare the Financial Stalemenls on the going concem basis unle55 It is inappropriate lo pSuMe thai the charity will continue in operation The D1Clo[S l Trustees are responsible for keeping proper accounting records Ihal disc105è Wth ieasonable accuracy at any time the financial p051tion of the charity and enable them lo ensure that the Finanaal Slatetnent5 omply with the Charities Act 2011. The Charity (Accounts and Reports) Regulatsons 2008 and the provisions of the irust deed. They are also sponsible lor safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and detection ol Ifaud and other Irre9ularitie5 VOLUNTEERS: The Trustees wish lo record their appreciation on behalf of the Charity and community lor the volun16èrs who. assist In the smooth running of the Chanty and are critica1 in helping to keep5 the running costs down RISK REVIEW: The Trustees hav8 rA>nducted their own review of the major risks to which the Charity 15 exposed and steps have been initiated to minimise the identified risks. All functions of Ihe Charity are subjected lo periodic review re5ultsng in a proTrss ol ongoing Improvement All staff and volunleers are traineLI and have all the requirec5 statutory and regulatory cleaTances required. Pagé 5of12
SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees ale pleased lo note. thal there were no incidents which gavè iise to the need lor the Trustees to lodge a Serious Incident Report with the Charity Cornmission Furthermoie. there were no Exceplions corded and which gave rise to the need for the Trustees to record on the Charity'5 Exceplion5' Register. RELATED PARTY TRANSACTIONS: During Ihe year the Charilywas under the control ofTru51ee$ and Managemenl Comfflillee rnembers as listed above. This ieport. which has been plepad in accordan with ihe special provisions of Part 15 of the Companie5 Act 20( zpplicable to small cofflpanies. INDEPENDENT EXAMINER According lo the provisions ol the Charities Act 1993, the Committee has a9ieed that and 8udit is not required loi this financial year However due to provisions of the same act an independent examiner is required and AM Awountancy Services appointed as exteinal Accountant or Independent Examiner. Transaction and financial position funds sland al £245,419 total. AM Accountancy Setvice5 caiiied out ari ir)dependent examinaiion ol the acGounts included in the report. Thi5 report, which has been prepared in accordance with the Statement of Recommended Practs"ce ISORPI Accounting and Reporting by Charities issued In 2005. Approved by the trustees and signed on its behalf by This report'was approved by the Executive Cornmillee on and signed on their beh81f. Dr Mohammed Sgnur Ai (Ch3ir person) Date.. M Ayas Miah IGenefal Secretary) Pa9e6of12
Accountants, Report To the Trustees of THE £1 HOSPITAL {ONE POUND HOSPITAL) FOR THE YEAR ENDED 31 OCTOBER 2023 We report on the accounts for the year ended 31 October 2023 sel out on pages 810 12 which have been prepared undef the hisitsrical cost convention and the aexounling policies sel out in note I to the financial statements. Respective Responsibilities of Trustees and AccountaTrts A5 described on page 5 the trustee5 are iesponsible for the preparation ol the finanaal slalemenls, and they consider that the trust Is exetnpl from an audit. It is our responsibility lo carry Out procedures designed to enable us to report our opinion to you. Basis of Opinion We conducted our work in accordanTr with the Statement of Standards for Reporting Accountants, and sts our procedvres consisted ol comparing the accounts with the accounb.ng records kept by the charity, and making such limited enquiries of the trustees and officers as we conSided necessary for the purpose ol this reporL These procèduies provide only the assurance expressed in our opinion. Opinion In our opinion-. lal The a¢counts ale in agreemenl with the accounting CordS kept by the eharity under the requirements ol the Statement ol Recomtnended Practice- Accounting and Reporting by Charities." Ibl Having regard only to. and on the basis of, the informaty'on contained in those 3ccount5.' 111 The accounts have been drawn Jp in a manner consistenl with thè accounting qUirementS speafied the Staternent of Recommended Pr8clice- Accounting and Reporting by Charitie5, and 121 The chanty sat151ied the condition5 for the exempts'on from an aLKlit of the accounts for the year specified In the Charities Act. 131 This unaudited Accciunl we have prepared in accordance wth the figure, inloimalion and explanat we have ¢Ved from the management of the current committee f / gML/ILFS AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA AM ACCOUNTAliCI'.%F.Iiiii1'r.s 43 BEN JONSI IIN IIUAD LONDON LI 4SA TLL.. 020 7790 6111 FAX.. O?0 7790 80)i Dale. I Page7 of 12
THE £1 HOSPITAL (ONE POUND HOSPITAL) Statement of Financial Activities (Income & Expense Statement) FOR THE YEAR ENDED 31 OCTOBER 2023 2023 Total 2022 Tolal Noles Unrestricted Restricted Incoming Resources Building Project (Founder Members'1 Patrons. Donabonl Building Project IRtsom Donors, Oonatitsnl All Other General Donations Donations Via Gift & Just Giving Sub5criplionsl Membrship fees Zakath Donation (For Poor people) 25,435 25,435 29.000 10,198 29,831 820 10.198 29,831 820 16,537 851 7,665 Total Incomln Resources 40,849 25.435 66,284 54.053 Resources Expended Direct Charitable Expenditure Printing, postage, stationery & Advertisement Telephone. fax arld photocopies Cost of Fundraisingl Paid 10 TV Overseas Projects for Hospital Consiruction Books and Materials Cleaning Vvages and Volunteer expenses Events and activities (Project CostslDonats"onl 2,002 208 10.060 2,002 504 501 12,000 10,750 10.(EO 8,500 Direct charitable ex enditure 12.270 12,270 32.255 Mana9ement & Administratlon Expenses.. Accounlancy Travelling and Transport Website Hosting Zootn r05ts Management and Admin Costs Just giving fee5 Compallies Housè Depreciation Bank and Credit Card Charges 1,0(Kl 1,545 1,000 1,545 1.000 1,339 120 32 32 470 40 40 40 597 597 572 Mana ement & Administration Ex eflses". 3,214 3.214 3.541 Total Resources Ex ended 15,484 15,484 35.796 Net In¢oming Resources I 1ts50urces expendedl 25,36S 25,435 50.800 18,257 Net Mr)vement funds foy the period= Totsl Fund5 Brought forward 25.365 25,435 50,800 18.257 194.619 176.362 Balance at 31 October 2023 25.365 25.435 24S,419 194.619 Page8of12
THE £1 HOSPITAL {ONE POUND HOSPITAL) Summary Incorne and Expenditure Account FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 Notes Total Income Total expenditure Net Surplu5 (Deficill for the financial year 66,284 15,484 50,800 54.053 35,796 18,2S7 There were no tOgnISed gains other than those induded in the Income and Expenditure Account for current year. Page9of 12
THE £1 HOSPITAL ONE POUND HOSPITAL Statement of A55ets & Liabilities l Balance Sheet) As at 31 October 2023 2023 NOTE Flxed Assets Land and Buildin95 214,858 214,858 Curyent Assets Cash 8t Bank & in Hand 43.081 43,081 Currenl Liabilities Amount falling due to one year Accruals Inlerest Free Loan 1.270 11.250 12.520 NET CURREF4T ASSETS I ILIAB1LITIESI 30.561 TOTAL ASSETS LESS CURRENT LIABILITIES 245.419 FUNDS.. Brought FotwairJ 194,619 Excesslloefiatl of Incorne over expenditure 50,800 Total FLtnds 245.419 The financial staternen15 were approved by the Executive Comrnittee and signed on their behalf". Dr Mohammed Sanur Ali (Chaif person) M Ayas Miah (General Secrelaryl Md Serajul Islarn (Treasurer) Date.. Date.. The Notes on pages 10 to 12 form part ol the finanaal statements. Page 100112
THE £1 HOSPITAL (ONE POUND HOSPITAL) FOR THE YEAR ENDED 31 OCTOBER 2023 NOTES TO THE ACCOUN7S 1. ACCOUNTING POLICIES Basls of Accounting Basis ol accountin9 The Finanoal Stalements have been prepared under lh8 hi51orical cost convenlion. as modified by the revaluation of certain fixed assets and investments Measured at tnarkel value. The Financial Statements have been prepared in accordance with the Financial Reporting Standard for Srn8ller Entities leffeclive January 20151, and the requirements ol Accountsng ancf Reportsng by Charities.. Staternent of Recornmended Practice applicable to ch8rities preparing their accounts In accordan wlh the Financial Reporting Standard loi Srnaller Enlities leffecbve January 20151 ISORP 2015}. b. Grants Revenue grants are credited to the Income and Expenditure account on a receivable basis. c. Donations Donation are rectsrdeiS on a receipt basis. d. Incoming Resources Voluntary income and donations are included In incoming reSoUrS when they are reiVabltr. except when the donois specify that they must be used in future accounting periods or donois, condition5 have not bepn fulfilled. then the incoffle Is deferred. The income from fundraising ventures is shown gross, with the associated cosis Included in lundrais1ng costs e. Resources Expended Resources expended ale included in the Statetnenl of Financial Activities on awruals basis, Inclusive of any VAT that cannot be recovered. Expenditure that is directly atiributable to specific activitle5 has been included in these cost categories Where costs are atlribulable to more than one activity, they have been apportioned across Ihe c05t categoriès on a basis nsIstenI with Ihe use of those reSoUrs. Going Concern 8a$i$ The financial slalements have been prepared on the going concern ba51s. as In the opinion of tre trustees. there are no issues arising which would suggest any other basis as being more appropriate g. Admlnistration Costs Administiatson expenditure inclu¢Jes all expenditure not directly related lo the charitable activity. h. Depreclatlon- Depreciation 15 calculated 50 as to write off the cosl ol an a55el. less its estimated residual value, over the useful economic lrfe ol that asset as follows.. Fixture, FittJ"ng and Equipment Land and Building 15 Y¢ on ReduGing Balan rnelhod Page11 0112
THE £1 HOSPITAL (ONE POUND HOSPITAL} FOR THE YEAR ENDED 31 OCTOBER 2023 NOTES TO THE ACCOUNTS FIXED ASSETS Land and PrOp¢S Contstructi Total Ai 01 November 2022 Balance BIF Addilions Al 31 October 2023 36.538 100.000 78.320 178,320 136.538 78.320 214.858 36.538 DEPRECIATION Al 01 November 2022 Charge forthe year Al 31 October 2023 NET 8OOK VALUE At 01 November 2022 At 31 Octeber 2023 36.538 36.538 loo.000 178.320 136,538 214,858 Net Surplus of the Financial Year The excess of expenditure over inrne is stated after charging.. 2023 Accountants, remijneration Depieciation 1.000 Creditor8 and A¢ruals Telephone Accountancy 170 1,000 1,170 S. Karje Ha5ana Ilnteiest flee loan) Interest Free Loan 11.250 Fund$lCapltal Balance a131 October 2022 194,619 Balance at 1 November 2022 194,619 EX$s1 IDeficitl ol Income over Expenditure 50,800 Balance at 31 October 2023 245,419 Page 120112