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.
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