KCHC Annual Review 2023-24 WEB Singles - Flipbook - Page 29
2023/24 Financial Review
Summary financial
information
In summary, the total income for the year was £4.7M, representing
an increase of 25.7% over the previous year (2023: £3.7M), and is
driven primarily by growth in lo琀琀ery income, improved results in
Philanthropy and Partnerships, and higher interest and dividends on
investment income.
Total expenditure was £6.1M, representing an increase of 8.9% over the
prior year (2023: £5.6M) and re昀氀ecting an increase in investment in
supporter recruitment, as well as the impact of in昀氀ation on cost base.
Net operating (before financial loss/gain on investments) is a deficit of
£1.4M (2023: deficit £1.9M).
Financial summary
2023/24
£5,000
£4,000
2022/23
£4,658
£3,705
£3,595
£3,003
£3,000
£2,464 £2,556
£2,000
£1,000
Operating deficit
£0
Income
Grant awards
Operating cost
-£1,000
-£1,401
-£2,000
-£1,854
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 3/ 24
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