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Notes to the financial statements
2 Analysis of funds and movements on funds (continued)
2.2. Analysis of net assets between funds
The net assets which back these funds are as follows:
Year ended 31 March 2022
Year ended 31 March 2021
Unrestricted
funds
£’000
Restricted
funds
£’000
Total funds
2021/22
£’000
Unrestricted
funds
£’000
Restricted
funds
£’000
Total funds
2020/21
£’000
33
-
33
14
-
14
27,965
4,481
32,446
26,362
4,576
30,938
Debtors
945
-
945
777
-
777
Cash
376
-
376
337
-
337
29,319
4,481
33,800
27,490
4,576
32,066
Net current liabilities
(4,313)
(925)
(5,238)
(4,516)
(896)
(5,412)
Long-term liabilities
and provisions
(1,317)
(80)
(1,397)
(1,167)
(140)
(1,307)
Total net assets
23,689
3,476
27,165
21,807
3,540
25,347
Tangible fixed assets
Investment fixed
assets
2.3. Description and structure of funds
a) Restricted funds
Restricted funds are made up of funds where the
income was restricted by the donors for specific use.
This includes income from specific fundraising appeals.
The funds with balances over £100,000 are listed below:
● The Cancer Treatment and Research Fund is
restricted to spending on cancer treatment and
research activities;
● The Paediatric Liver Research Laboratories Fund
consists of money donated to enable King’s College
Hospital to build and equip brand new state-of-theart laboratories and learning facilities;
● The D E Hughes Special Trust Fund is restricted
to spending on a strategic grants programme
established by the Trustees to support major
developments at King’s College Hospital NHS
Foundation Trust;
● The Transforming Liver Care Fund was established
to raise funds for transforming the care of children
with acute liver disease; and
● The COVID-19 Support Fund was opened during
the year for donations and grants made for specific
support to either King’s staff or patients.
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S U P P O R T K I N G S .O R G .U K
b) Unrestricted funds
Unrestricted funds are made up of clinically designated
funds, a designated fund for grants and general funds.
Donations and legacies are allocated to designated
funds where the donor has given an indication that
they wish the funds to be used for a particular purpose.
There are over 230 clinical designated funds held by
the Charity for different medical specialties and service
areas within the hospital. The value of the individual
funds range from under £1,000 to over £800,000.
At 31 March 2021, £6.9m (2020: £6.9m) was held in
a designated fund for strategic grants. The value is
equivalent to the projected level planned to be invested
in strategic projects over the three-year period of the
Charity’s strategy.
In addition, a fund of £1m (2021: £1m) has been set
aside for pump priming major capital projects.
