2023/24 Financial ReviewSummary financialinformationIn summary, the total income for the year was £4.7M, representingan increase of 25.7% over the previous year (2023: £3.7M), and isdriven primarily by growth in lo琀琀ery income, improved results inPhilanthropy and Partnerships, and higher interest and dividends oninvestment income.Total expenditure was £6.1M, representing an increase of 8.9% over theprior year (2023: £5.6M) and re昀氀ecting an increase in investment insupporter 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 summary2023/24£5,000£4,0002022/23£4,658£3,705£3,595£3,003£3,000£2,464 £2,556£2,000£1,000Operating deficit£0IncomeGrant awardsOperating cost-£1,000-£1,401-£2,000-£1,854K 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/ 2429
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