KCHC Annual Review 2023-24 WEB Singles - Flipbook - Page 31
2023/24 Financial Review
Expenditure: What the money was spent on
The charts below show the main expenditure categories for the last two years.
2023/24
Expenditure
2022/23
£5.6M
£6.1M
£’000
£’000
Charitable activities
2,464
57.1%
Grant expenditure
2,556
250
Direct support costs
239
676
General support costs
636
70
Governance
62.7%
55
Cost of raising funds
42.9%
485
Fundraising sta昀昀 costs
434
1,376
Other direct sta昀昀 costs
968
551
Fundraising support costs
496
70
Fundraising governance costs
55
117
Investment management fees
120
Total expenditure, including grant commitments and
investment in supporter recruitment, amounted to
£6.1M (2022/23: £5.6M), representing an increase in
spending of £0.5M over the previous year.
37.3%
This increase was primarily driven by the cost
of fundraising (+£0.4M), reflecting investment in
supporter recruitment and the impact of inflation on
the cost base (+£0.1M).
Further details are provided in Note 4.
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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