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finances

Click on the titles below to find out more about LHCF's finances

The LAMB Project as a whole costs about £700,000 a year to run.  Some of this has been funded by international donors, but the level of major grants varies and provides no security for the longer term.  LAMB charges for its services where possible and obtains income locally from training Government and NGO health workers, technical assistance and consultancy work.  However LAMB’s commitment to serve the poor regardless of ability to pay means that it will never recover all its costs.

LHCF’s current target is to maintain a level of voluntary donations from the UK of £50,000 a year (excluding special donations received for capital projects). The Foundation relies on donations from individuals in the UK and some churches and grant-giving trusts.  Its small running costs are all met by the Trustees themselves.

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In the spring of 2006 LHCF was successful in securing funding from the Department for International Development’s Civil Society Challenge Fund.  The funding covers the period April 2006 to June 2009 and provides for an expansion of the LAMB Project’s activities.  Its aim is the further reduction of infant and maternal mortality and in particular it involves:-
  • developing LAMB’s model of integrated health care, so that there is a greater emphasis on enabling local people, especially women, to exercise their rights.
  • extending the coverage of LAMB’s services into three new local areas.
  • spreading the LAMB model of health care and development more generally in Bangladesh and potentially elsewhere through dialogue with the Bangladesh government and other NGOs.
     
LHCF is contributing to the project by assisting in the dissemination of the model and seeking to increase linkages between LAMB and relevant research institutions in the UK and elsewhere.

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2008
Grants to LAMB in 2008 came to £77,500, of which:-
  • £44,000 was for the Poor Fund.
  • £26,800 for hospital running costs.
  • £5,700 for hospital medical equipment.
  • £1,000 for the further education of children of LAMB staff.
2007
Grants from LHCF to LAMB in 2007 (excluding the DFID funding) came to nearly £136,000. The main items were:-
  • £51,000 for the Poor Fund.
  • £46,000 for hospital running costs.
  • £20,000 for the construction of a science laboratory fro LAMB school.
  • £5,000 for other building costs and equipment, including the repair of the hospital generator.
  • Over £13,000 for training and further education for LAMB staff.
2006
Total grants in 2006 were nearly £101,000, of which:-
  • Over £33,000 was for the Poor Fund.
  • £58,000 was for capital projects and equipment.
  • £9,000 was for professional training for LAMB staff, including two distance learning courses at London University.
In addition more than £3,000 was spent in the UK for medical equipment for LAMB hospital.

2005
Thanks to its donors LHCF was able to make grants amounting to nearly £84,000 to the LAMB Project in 2005. Within this total the largest grants were:-

Nearly £33,000 for the Poor Fund. The average cost per patient is about £10 to £15; so this support paid for the treatment of about 2,700 people.
Nearly £44,000 towards the construction and equipment of buildings, including a new ward and new training centre.

Smaller grants were made for medical equipment and training and other charitable purposes. The Foundation also spent £1,700 on medical equipment delivered to the hospital from the UK.

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Click here to view a summary of audited accounts 2008 (pdf)
Click here to view a summary of audited accounts 2007 (pdf)
Click here to view a summary of audited accounts 2006 (pdf)
Click here to view a summary of audited accounts 2005 (pdf)

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