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Notes to the financial statements
5.6. Reconciliation of grants payable
2021/2022
£’000
2020/2021
£’000
6,397
5,883
964
2,839
(1,133)
(1,918)
-
(407)
6,228
6,397
At 1 April 2021
Grants awarded in the year
Grants paid in the year
Grants cancelled in the year
5.7. Commitments
The Charity had NIL (2021: NIL) of commitments at 31 March 2022, which do not yet satisfy all conditions for
recording as a grant payable.
6 Related party transactions
The number of Trustees at 31 March 2022 was twelve
(2021: twelve).
None of the Trustees received remuneration for their
services to the Charity (2020/21: £nil) and no Trustees
(2020/21: £nil) were reimbursed for costs necessarily
incurred on Charity business. A total of £1,994 (2021:
£2,188) donations were made to the Charity by
individual Trustees. Indemnity cover is provided for
Trustees by the Charity.
Professor Jon Cohen is a non-executive director of the
Trust and became a Trustee in December 2020 and
Beverley Bryant is an executive director of the Trust
and became a Trustee in March 2022. During 2020/21
Christopher Stooke was a non-executive director of
King’s College Hospital NHS Foundation Trust until
June 2020 and Julia Wendon, a Trustee of the Charity
until 5 January 2021, was also an executive director of
the Trust until 5 January 2021.
The Charity provides the majority of its grants by
number and value to the Trust. It also receives
services from the Trust free of charge including offices
and facilities management. The Charity sub-leased
the property it acquired as a social investment in
June 2017 to the Trust until February 2021 when it
surrendered the lease and sold the property interest
to the Trust.
7 Subsidiary
King’s College Hospital Charity owns 100% of the
issued ordinary shares of KCHC Trading Limited, a
company incorporated in England and Wales (company
registration number 11881179. The principal activities
of the subsidiary are to manage the trading activities of
King’s College Hospital Charity. KCHC Trading Limited
was dormant throughout the year.
8 Post balance sheet event
No events have occurred since the balance sheet date that require disclosure.
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