CHARITY REGISTRATION NUMBER: 1194481
Lung Health Centre Unaudited Financial Statements
31 July 2022
STUART ARRANDALE
Chartered accountants 23-25 Gwydir Street Cambridge CB1 2LG
Lung Health Centre
Financial Statements
Year ended 31 July 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
Lung Health Centre
Trustees' Annual Report
Year ended 31 July 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2022.
Reference and administrative details
Registered charity name Lung Health Centre Charity registration number 1194481 Principal office 92 Lancaster Gate Upper Cambourne Cambridge CB23 6AT
The trustees
Dr. J P Fuld Mr. S L Arrandale Mr J E Goldspink Dr. I F O'Connor Dr. R Nightingale Prof. K Mortimer Mr. A Orme Mrs. A Fofana Dr. S E Kaindaneh Accountant Stuart Arrandale Chartered accountants 23-25 Gwydir Street Cambridge CB1 2LG
Structure, governance and management
The charity is a Charitable Incorporated Organisation governed by deed. Decisions are made by the Trustees in regular Trustee meetings.
The trustees are selected on the basis of their profesional knowledge of the activities of the charity.
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Trustees' Annual Report (continued)
Lung Health Centre
Year ended 31 July 2022
Objectives and activities
The relief of sickness and the preservation and protection of health, in particular, but not exclusively, through the following means: (a) Establishing a lung health centre providing diagnosis and treatment of lung diseases, including, but not limited to, COPD and Asthma, and providing free or reduced cost diagnosis or treatment as the trustees see fit. (b) Promoting research into the prevalence and incidence of lung diseases and the underlying causative factors and publishing the useful results of such research. (c) Raising awareness and educating the public on the causes and effects of lung diseases
There has been a delay in carrying out Lung Health Centre's charitable purposes as set out in the Charity's governing document. The COVID-19 pandemic delayed registration of the charity in Sierra Leone.
The trustees are aware of the Charity Commissions' public benefit guidance.
The main activities planned are:
a) Develop the first dedicated Lung Health Centre in Sierra Leone to diagnose and treat and manage chronic lung diseases starting with Asthma and COPD using local government guidelines and research into its causative factors. This will be aligned with an already Government Established TB service to provide comprehensive Services. b) To follow the train-the-trainer model to strengthen local healthcare professionals to make appropriate chronic lung disease diagnoses and offer treatment and patient management. This will then be cascaded to healthcare professionals within government hospitals in the region to share knowledge and skills. c) LHC will research the disease-causative factors d) Raise awareness within the community about lung disease
Achievements and performance
The Founders - Adama Fofana and James Fofana - recently travelled to Sierra Leone and met with Senior Officers at the Ministry of Health and Sanitation Sierra Leone for a collaborative on the objectives of the Lung Health Centre. This was widely welcomed by the ministry, and they informed that the necessity for the project cannot be underestimated. They inform us that in in Sierra Leone with a population of just 8 million it is unbelievable that the country has no Pulmonologist or Specialist Respiratory Physician and therefore wholeheartedly welcome the initiative. We are now actively raising funds with a view to implementation if possible by the end of 2023.
Financial review
The net assets of the charity at the end of the first year were £912. Fund raising has been at a very modest level, although applications for grants of larger sums have been made unsuccessfully. Donations of £2,043 were raised in the first year.
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Trustees' Annual Report (continued)
Lung Health Centre
Year ended 31 July 2022
The trustees' annual report was approved on 30 May 2023 and signed on behalf of the board of trustees by:
Dr. J P Fuld Trustee
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Lung Health Centre
Statement of Financial Activities
Year ended 31 July 2022
| 2022 | 2022 | ||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | ||
| Note | £ | £ | |
| Income and endowments | |||
| Donations and legacies | 4 | 2,043 | 2,043 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total income | 2,043 | 2,043 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Expenditure | |||
| Expenditure on charitable activities | 5,6 | 1,131 | 1,131 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total expenditure | 1,131 | 1,131 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Net income and net movement in funds | 912 | 912 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||
| Total funds brought forward | – | – | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 912 | 912 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 8 form part of these financial statements.
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Lung Health Centre
Statement of Financial Position
31 July 2022
| 2022 | ||
|---|---|---|
| Note | £ | |
| Current assets | ||
| Cash at bank and in hand | 2,003 | |
| Creditors: amounts falling due within one year | 10 | 1,091 |
| ৄৄৄৄৄৄৄ | ||
| Net current assets | 912 | |
| ৄৄৄৄ | ||
| Total assets less current liabilities | 912 | |
| ৶৶৶৶ | ||
| Funds of the charity | ||
| Unrestricted funds | 912 | |
| ৄৄৄৄ | ||
| Total charity funds | 11 | 912 |
| ৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 30 May 2023, and are signed on behalf of the board by:
Mr. S L Arrandale Trustee
The notes on pages 6 to 8 form part of these financial statements.
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Lung Health Centre
Notes to the Financial Statements
Year ended 31 July 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 92 Lancaster Gate, Upper Cambourne, Cambridge, CB23 6AT, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
Accounting policies are only included where relevant to the charity's circumstances.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
No judgements or estimates have been made in the preparation of these accounts.
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Lung Health Centre
Notes to the Financial Statements (continued)
Year ended 31 July 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
4. Donations and legacies
| 2022 | |||
|---|---|---|---|
| £ | |||
| Donations | 2,043 | ||
| 5. | Expenditure on charitable activities by fund type | ||
| Unrestricted | Total Funds | ||
| Funds | 2022 | ||
| £ | £ | ||
| Support costs | 1,131 | 1,131 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 6. | Expenditure on charitable activities by activity type | ||
| 2022 | |||
| £ | |||
| Lung Health Centre | 1,131 | ||
| 7. | Analysis of support costs | ||
| 2022 | |||
| £ | |||
| Office expenditure | 1,131 |
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Lung Health Centre
Notes to the Financial Statements (continued)
Year ended 31 July 2022
8. Staff costs
The average head count of employees during the year was Nil.
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
9. Trustee remuneration and expenses
The Trustees receive no remuneration from the charity.
10. Creditors: amounts falling due within one year
Other creditors
2022 £ 1,091 ৶৶৶৶৶৶৶
11. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At 1 Aug 2021 | Income | Expenditure | 31 Jul 2022 | ||
| £ | £ | £ | £ | ||
| General funds | – | 2,043 | (1,131) | 912 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | ||
| 12. | Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2022 | ||||
| £ | £ | ||||
| Current assets | 912 | 912 | |||
| ৶৶৶৶ | ৶৶৶৶ |
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