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Our position - consolidation of hospital and charity accounts

30 December 2009

Following yesterday's article in The Times see below for our current position regarding consolidation of the hospital and charity accounts.

Our understanding is that this does not apply to us as under IAS (International Accounting Standard) 27 we would not meet the criteria that would require consolidation of the hospital accounts and the charity accounts.  We believe that we will continue to have separation, because Great Ormond Street Hospital Children’s Charity (the Charity) is run separately from Great Ormond Street Hospital for Children NHS Trust (the Hospital), and has a separate management structure via its special trustees.

We are enormously grateful to all our supporters and would like to reassure them that all of their money goes to help rebuild and refurbish Great Ormond Street Hospital.  Without their help we would be unable to buy vital equipment and fund pioneering research.  With their help we provide world class care to our very ill children and their families.

Contact information:

GOSH-ICH Press Office: 020 7239 3125
Email: Coxs@gosh.nhs.uk
For genuine and urgent out of hours call speak to switchboard on 020 7405 9200

Notes to editors

Great Ormond Street Hospital for Children NHS Trust is the country’s leading centre for treating sick children, with the widest range of specialists under one roof.

With the UCL Institute of Child Health, we are the largest centre for paediatric research outside the US and play a key role in training children’s health specialists for the future.

Our charity needs to raise £50 million every year to help rebuild and refurbish Great Ormond Street Hospital, buy vital equipment and fund pioneering research. With your help we provide world class care to our very ill children and their families.