KCHC Annual Review 2023-24 WEB Singles - Flipbook - Page 30
2023/24 Financial Review
Income: Money received and sources of funds
The charts below show the main sources of income for the last two years.
2023/24
Income
2022/23
£3.7M
£4.7M
£’000
£’000
Donations
2,257
194
Gi昀琀 aid
138
110
In kind donations
110
673
Legacies
1,048
376
757
Other income
90
Income in 2023/24 was £4.7M (2022/23: £3.7M),
representing the highest income recorded since
independence in 2016, and is £1M higher than the
previous year. This reflects the net effect of changes
across each key source of income:
• Fundraising income (donations, gift aid and other
income) at £2.8M was £1.2M higher than 2022/23,
which reflects good performance from Philanthropy
and Partnerships, as well as an increase in lottery
income and supporter recruitment;
S U P P O R T K I N G S .O R G .U K
1,168
Investment income
The Charity funds its grant-making activity from
fundraised income. This is raised through a wide range
of fundraising activities that ensure diversity across a
broad supporter base and from legacies.
30
1,442
• Legacy income decreased by £0.5M to £0.7M
compared with the prior year; and
• Investment income increased by £0.3M to £1M
in comparison to the prior year due to improved
dividends and higher interest rates.
Increasing our fundraising income and unrestricted
general income is vitally important to the Charity’s
future.
Further details are provided in Note 3.
