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2021/22 Financial Review
Summary financial information
A summary of the Charity’s financial performance during 2021/22
and the value of its funds at the end of that year is set out below.
2021/22
£’000
2020/21
£’000
Donations and other funding
1,802
2,410
Legacies
1,290
608
525
683
3,617
3,701
Charitable activities
1,832
3,122
Fundraising and investment management costs
1,399
1,178
Total expenditure
3,231
4,300
386
(599)
Net investment gains
1,432
5,175
Increase in net assets
1,818
4,576
Net assets at the start of the year
25,347
20,771
Net assets at the end of the year
27,165
25,347
31 March 2022
£’000
31 March 2021
£’000
Restricted
3,476
3,540
Designated
17,682
16,041
6,007
5,766
27,165
25,347
Income for the year:
Investment income
Total income
Expenditure in the year:
Net operating surplus / (deficit) before changes in investment values
The total net assets of £27.2m were held within the following funds:
General
Total net assets
The purposes of these funds are described in more detail in Note 2 of the financial statements.
K I N G’ S CO L L E G E H O S P I TA L C H A R I T Y A N N UA L R E P O R T A N D F I N A N C I A L S TAT E M E N T S 2 0 2 1 / 2 2
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