KCHC-AR-2023 Final Signed - Flipbook - Page 39
2022/23 Financial Review
Summary financial
information
In summary, the total income for the year was £3.7m (2022: £3.6m) with an
expenditure of £5.6m (2022: £3.2m). The net operating (before financial loss / gain
on investments) deficit of £1.9m (2022: net surplus £0.4m) results from expenditure
being £2.4m more than prior year, reflecting the growth in investment in donor
recruitment and return to pre-COVID-19 grant spending levels.
Financial summary
2022/23
2021/22
£’000
5,559
3,705
3,617
3,231
386
Total
income
Total
operating cost
Operating
surplus
-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 A CCO U N T S 2 0 2 2 / 2 3
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