KCHC-AR-2023 Final Signed - Flipbook - Page 41
2022/23 Financial Review
Expenditure: What the money was spent on
The charts below show the main expenditure categories for the last two years.
2022/23
2021/22
Expenditure
2022-23
£3.2m
£5.6m
62.7%
Income
2021-22
£'000
CHARITABLE ACTIVITIES
£'000
2,556
Grant expenditure
964
239
Direct support costs
316
636
General support costs
507
55
Governance costs
45
56.7%
COSTS OF RAISING FUNDS
37.3%
434
Fundraising staff costs
419
968
Other direct fundraising costs
427
496
Fundraising support costs
383
55
Fundraising governance costs
45
120
Investment management fees
125
43.3%
Expenditure, including grant commitments and
investment in supporter recruitment, amounted to
£5.6m (2021/22: £3.2m), representing an increase in
spend of £2.4m over previous year 2021/22.
This increase was primarily due to grant spend
(+£1.6m), increase in cost of fundraising (+ £0.5m)
and uplift in other costs of £0.3m, including staff
costs (+£0.1m), reflecting 5% pay award and full
year impact of facilities charge in kind for new
premises at Coldharbour Works (+£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 A CCO U N T S 2 0 2 2 / 2 3
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