THE £1 HOSPITAL (ONE POUND HOSPITAL) Charity Registration Number: 1162150 Company Registration Number . 13794357 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL.. 020 7790 6111 Page 1 of 12
THE £1 HOSPITAL (ONE POUND HOSPITAL) FOR THE YEAR ENDED 31 OCTOBER 2024 CONTENTS Pages Inforrnation of financial Siatemenls Report of the Executive Commrttee Statement ol responsibilities of the Committee.. Independenl Examinels Report Income and Expenditure Accounts Stalemenl uf Assets and Liabilities 10 Notes to the Accounts 11-12. Page 2 of 12
THE £1 HOSPITAL (ONE POUND HOSPITAL) FOR TPtE YEAR ENDED 31 OGTOBER 2024 MANAGEMENT COMMIThEE CHAIR PERSON Dr Mohammed Sanur Ali GENERAL SECRETARY M Ayas Miah TREASURER Md Serajul Islam ADDRESS 43 Ben Jonson Road London E14SA BANKER NATWEST BANK PLC I LLOYDS BANK PLC INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL." 020 7790 6111 Chari 's Trustèes= Dr Moharnmed Sanur Ali M Ayas hAiah Md Serajul Islam M Abul Hashem Shah Suhel Ameen Page30112
THE £1 HOSPITAL (ONE POUND HOSPITAL) REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 OCTOBER 2024 The trustees present their report ènd financial statements lor the year ended 31 Oclober 2024 The Trustees have adopted the provisions of the Slalement of Recommended Practice ISORPI Accounting and Reporting by Gharities issued in 2005 in preparing the annual report and financial statements of the Charity. Legal Status: Company.. Limited by guarantee, company number.. 13794357 Charity.. Registered with the Charity ComrHis5ion, Charity Number.. 1162150 Diiectors and their interest.. The following served as directors of the Gompany during the year.. Dr Mohammed Sanur Alt M Ayas Miah Serajul Islam M Abul Hashem Shah Suhel Atneen Objects, Principal Activities and Organisation of Ihe Charity The Charity is constituted 85 a company limited by guarantee, and is Iherefore governed by a metnorandum and articles ol association ANO A Management Committee. the memb8rs of which are the Iruslees manages the affairs of the charity The Management Committee manages the business ol the charity includin9 the paying ol all expenses. The Charity's objects are for the benefit ol the inhabitants ol London, UK , and in Bangladesh in particulai tnembers of the fvlinorily Ethnic Comtnuniti85 but 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 TOALLOW FOR ITS EFFECTIVE OPERATION. 2. ADVANCE EDUCATION AND TO PROVIDE COMMUNITY SERVICES WITH THE OBJECT OF IMPROVING THE QUALITY OF LIFE FOR THE GENERAL PUBLIC IN EAST LONDON 3. THE CHARITr CONTINUES TO PROVIDE HUMANITARIAN ASSISTANCE TOTHE MOST VULNERABLE PEOPLE HERE IN UK AND IN BANGLADESH Page4 0112
THE £1 HOSPITAL (ONE POUND HOSPITAL) REPORT OF THE EXECUTIVE COMMIVEE FOR THE YEAR ENDED 31 OCTOBER 2024 Organisation: A Management Committee, the members of which are both d1ClorS and trustee5 manages the affair5 of the company and charity. The Management Committee manages the business ol the company and char41y Including the paying of all expense5. Directors and shareholding The directors do not have any shares in the company, the company being limited by gua¥anlee. Trustees.. Trustees. who are all rnembèrs of the executive committee. and who served during the year ale Set oul on page 3. The trustees are elected at Ihe Annual General Meeting. lor membership ol the Executive Comrniltee and serve until the end of the next Annual General Meeting, where they c8n Stand for re- electio as membe¥s of the new Exectjtive Commrttee. Dire¢lors' l Trustees responsibilities in relation to the financial statements The directors are requlred by company law to piepare financial statements lor each financi81 year which give a true and fair view ol the financial aclivities of Ihe charity and of its financial position at the end ol that year. In prèp8ring those financial statements the directors are required to.. The Trustees are responsible lor preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and regulations and United Kingdom AccoLSnting Standards (United Kingdom Generally Accepted Accounting Pracb'cel. The law applicable to charilies in England and Wales requires the Trustees to prepare Financial Statements lor oach financial year which give a true and fair view ol the slate of affairs of the charity and of the incoming resources and application of resources ol the charity for that period. In prep3nng these Financial Statements, th8 Trustees are required lo". Select suitable accounting policies and then apply them consistently., Observe the method5 and principles in the Charities SORP., Make judgements and accounting estimates that are reasonable and prudent., Prepare Ihe Financial Statements on the going concern basis unless it is inappropriate to) pre5urne thal the charity will ¢onlinue in operation The Director5 1 Trustees are responsible for keeping proper accounting records that disclose with rÈ8sonable accuracy at any lime Ihe financial position of the charity and enable Ih&rn to ensure that the Financial Statements comply wiÉh the Charities Act 2011. The Charity (Accounts and Reports) RegulatlOE15 2008 and Ihe provisions ol the Irust deed. They are also responsible lor safeguarding the assets ol the charity and hence for taking reasonable steps for the prevention nd detection of fraud and other irregularities VOLUNTEERS: The Trustees wish to record their appreciation on behalf of the Charity and community for the volunteers who a5SlSt >n the smooth running ol the Chaiily and are critical in helping to keeps the running costs dow RISK REVIEW.. The Trustees have conducted their own review of the major risks lo which the Charily is exposed and steps have been initiated to minimise the identified risks. All functions ol the Charily are subjected to periodi¢ review resulting in a process of ongoing improvement. All staff and volunleers are trained and have all the required statutory and regulatory clear8nce$ required. Page 50112
SERIOUS INCIDENTS AND EXCEPTIONS.. The Trustees are pleased lo note, that there were no incidents which gave rise lo the need for the Trustees to lodge a Setjous Incident Report with the Charity Commission. Furthermore, there were no Exception6 recorded and which gave rise to the need for the Trustees lo record on the Charily's Exceptions, Register. RELATED PARTY TRANSACTIONS: DuritTr9 the year the Charity was under Ihe control of Tiustses arK* Management CommlllÈe members as li51ed 8t(Jve. This report, which has been prepared in accordance with the special provisions of Part 15 01 the Companies Act 2006 applicable lo small companies. INDEPENDENT EXAMINER Afjcording to the provisions ol the Charities Act 1993, the Gommittee has agreed that and audit is not required for this financial year. Howev8r due to provisions ol the same act an independent examiner is required and AM Accountancy SeTrices appointed as extein81 Accountant or Independent Examiner Transaction and financial position The Statement ol FinancTral Activities shows nel surplus for the year of £55,275 and our accumulated fynd5 Stand at £300,694 in total. AM Accountancy Services carried out èn Independent examination of the account5 included in the repori. This report, which has been prepared in aGcordance with the Siatement of Recommended Practice ISORPI Accounting anil Reporting by Charities issued in 2005. Approved by the trustees and signed on its behalf by This report was approved by the Execlrtave Committee on and signed on their behalf. Dr Mohammed Sanui Ali Ichair person) Dale." 2510612025 M Ayas Miah (General Secretary) Date." 2510612025 Page6of12
Accountants, Rèport To the Trustees of THE £1 HOSPITAL (ONE POUND HOSPITAL) FOR THE YEAR ENDED 31 OCTOBER 2024 We report on Ihe accounts lor the ye81 èndèd 31 O¢tob&r 2024 set out on pages 8 to 12 which have been prepared under the historical cost convention and the accounting policies set out in note 1 lo the financial slalements. Respective Responsibilities of Trustees and Accountants As described on p8ge 5 the trustees are responsible lor the preparation ol the financial stalements, and they consider that the trust is exernpt from an audit. It is our responsibility to Garry out procedures designed lo enable us to report our opinion to you. Basis of Opinion We conducted our work in accordance with the Staternent of Standards for Reporting Accountants. and so our procedures consisted of comparing the accounts with the accounting records kept by the oharity, and making such limited enouiries of the trustees and officers as we considered necessary lor the purpose of this report. These procedures provide only the assurance expressed in our opinion. Opinion In oui opinion.. lal The accoLsnls a in agreement with the acGounling records kept by the charity under the requiremènts of the Statement ol Recommended Practice- Ao¢ounling and Reporting by Charities,. Ibl Having regard only to, and on the basis of. the information eontained in those accounts.. 111 The accounts have been drawn up in a manner eonsistent wilh Ihe accounting requirèments specified the Statement of ReCOrmnded Practi- Accounting and Reporting by Charities. and 121 The charity satisfied the conditions lor the exemplion from an audit of the accounts for the year specified in the Charrties Act. 131 This unaudited Account we have prepared in ac¢ordance with the figure. informatitsn and explanation we have received frotn the tnan8gernenl of the current committee. rtpi It(* iL%S AM Accountancy Services 43 Ben lonson Road London El 4SA Tel: 020 7790 6111 AM ACCOUNTANCY S 43 BEN JONSON ROAD LONDON EI 4SA RVICES Dale.. 0110712025 Page7of12
THE £1 HOSPITAL (ONE POUND HOSPITAL) Statement of Financial Activities Ilncome & Expense Statement) FOR THE YEAR ENDED 31 OCTOBER 2024 2024 Tolal 202 Total Note5 Unrestricted Restricted Incoming Resouices Building Project (Founder Membefs'l Patrons, Donation) Building Project (Room Donors. Donation) All Other General Donations DonatlOn5 Vi8 Gift Aid & Just Giving Subscriplionsl Membiship fees Zakalh Donation IFor Poor people) 37,000 37,000 25,435 20,394 13.105 610 20,394 13,105 fj10 10,198 29.831 820 Total Incomin Resources 34.109 37,000 71,109 66.284 Resources Expended Dlrect Charitable Expenditure Printing, postage, slalionery & Advertisement Telephone. fax and photocopi8s Cosl of Fundraisingl Paid to TV Overseas Projects for Hospital Gon5tru¢lion Books and Maleiials Cleaning Wa9es and Volunteer expenses Events and aclivilies (Project CostslDonationl 1,193 301 10.450 1,193 301 10.450 2,002 208 10.060 2,161 2,161 Direcl charitable expenditure 14,105 14.105 12.270 Management & Administration Expenses: Accountancy Travelling and Transport Website Hosting Zoom costs Management and Admin Costs Just 9iving fees Companies House Depreciation Bank and Credit Card Charge5 1,000 1.000 1,000 1.545 32 40 40 40 689 689 597 Mana ernenl & Administration Ex enses.. 1.729 1,729 3.214 Total Resources Ex ended 15,834 15,834 15.484 Nel Incoming Resources I Irèsource5 expended) 18,275 37.000 55,275 50,800 Nel Movement funds for the period.. Total Funds Bfought lOard 18,275 37,000 55.275 50,800 245,419 194,619 Balance at 31 October 2024 18.275 37,000 300.694 245,419 Page8of12
THE £1 HOSPITAL (ONE POUND HOSPITAL) Summary Income and Expenditure Account FOR THE YEAR ENDED 31 OCTOBER 2024 2024 2023 Notes Total Income Total expenditure Net Suiplus Ioeficitl lor the fillanoial year 71.109 15,834 55,275 66.284 15,484 50.800 There were no re¢tyJnised gains other than those included in the Incorne and Expenditure Account for current year. Page9of 12
THE £1 HOSPITAL ONE POUND HOSPITAL Statement of Assets & Liabilities ( Balance Sheet) As at 31 October 2024 NOTE 2024 Fixed Assets Land and Buildings Current Assets Cash al Bank & in Hand 270.858 270.858 42,272 42.272 Current Liabilities Afnount falling due to one year Accruals InleTrsl Free Lctan 1,786 11,250 12.436 NET CURRENT ASSETS I (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES 29.836 300.694 FUNDS: Brought Forwar Exces51lDelicitl ol income (>ver expenditure Total FLtnds 245,419 55,275 300,694 The Tinancial statements were approved by the Execultve Committee and signed on their bèhalf.. Dr Mohamm&d Sanui Alt (Chair person) Date.. 2510612025 M Ayas Miah (Gèneral Secretary) Date. 2510612025 Md Serajul Islam (Treasurer) Date.. 2510612025 The Notes on pages 10 10 12 ftsm) part of the financial Slalements, Page 10of12
THE £1 HOSPITAL (ONE POUND HOSPITAL) FOR THE YEAR ENDED 31 OCTOBER 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES a. Basis o Ac¢ounting Bèsis of accounting The Financial Statements havè been preparEd under the hi5tori¢al cost convention. as modified by the ValuatIon of certain fixecl assets and investments measured at market value. The Financial Statements have been prepared in accorrJan¢e With the Financial Reporting Standard for Smaller Enlities (effective January 20151, and the requirements of Accounting 8nd Reporting by Charities.. Sialement of Recornmended Piactice èpplicable lo oh81ilies preparing their accounts in eccordance with the Financial Reporting Standard lor Smaller Enlilies (effective January 2015) ISORP 20151. b. Grants c. Donations REvenue grants are credited to the In¢ome and Expenditure account on a Teceivable basis. Donation ère recorded on a receipt basis. d. Incoming Resources Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future 8ccounling periods or donoys, conditions have not been fulfilled. then the income is deferred. The Income from fundraising ventures is shown gross. with the assoctaled costs included in fundraisiog costs. &. Resource$ Expended Resourc65 expendèd are Included in the Statement of Financial Activitiès on accruals basis. inclusive of any VAT that cannot be recovered. Expenditure that is directly attributable to specifi¢ activities has been included in these cost categories. Whère eosls are altTibulable lo more than one aclivity, they havtr been apportioned across the cost categories on a basis consistent wilh the use of those sOurCes. Going Concern Basis The financial statemeTrts have been prepared on the going concem basis. as in the opinion of the truslees, there are no issues arising Which would su9gesl any other basis as being more appropriate. g- Administration Costs Administration expenditure includes all expenditure not directly related lo the charitable a¢livity. h. Depreciatron-. Depreciation is cal¢ulated so as io write o)If the cost of an asset, less ils estimatecl residual value, oveT the useful economic life of Ihat asset as follows.. Fixture, Fitting and Equipment Land and Building 15 Q/0 on Reducing Balance method Page 17 of 12
THE £1 HOSPITAL (ONE POUND HOSPITAL) FOR THE YEAR ENDED 31 OCTOBER 2024 NOTES TO THE ACCOUNTS 2. FIXED ASSETS COST Land and Propertles Buifding and Consirucii Total Al 01 Novefflb8r 2023 Balance BIF Addilths At 31 Oclob8r 2024 36.538 1T8.320 56,000 234,320 214,858 56,000 270.858 36,538 DEPRECIATION AI 01 November 2023 Char92 lor th8 yeaT At 31 Octo[ 2024 NET BOOK VALUE Al 01 Novernber 2023 Al 31 October 2024 36.538 36.538 178.320 234.320 214.858 270,858 Net Surplus of the Flnancial Year The excess of expenditure over incotne is stated after charging.. 2024 Accountants, remuner8tion Depreciation 1,000 Creditors and Acruals Telephone Accountancy 186 1,000 1.186 5. Karj'e Hasana Ilnterest free loanl Interest Flee Loan 11,250 Fun¢J51Capltal Balance al 31 October 2023 245,419 Balance at 1 Novernber 2023 245,419 Excessl (Deficill ol Income over Expenditurè 55.275 Balance at 31 October 2024 300,694 Page12of12