KCHC-AR-2023 Final Signed - Flipbook - Page 62
Notes to the financial statements
2 Analysis of funds and movements on funds (continued)
2.2. Analysis of net assets between funds
The net assets which back these funds are as follows:
Year ended 31 March 2023
Year ended 31 March 2022
Unrestricted Restricted Endowment Total funds
funds
funds
funds
2022/23
£’000
£’000
£’000
£’000
Unrestricted Restricted Total funds
funds
funds
2021/22
£’000
£’000
£’000
33
-
-
33
33
-
33
23,982
5,675
100
29,757
27,965
4,481
32,446
Debtors
397
-
-
397
945
-
945
Cash
391
-
-
391
376
-
376
Total assets
24,803
5,675
100
30,578
29,319
4,481
33,800
Net current liabilities
(4,583)
(1,836)
-
(6,419)
(4,313)
(925)
(5,238)
(994)
(174)
-
(1,168)
(1,317)
(80)
(1,397)
19,226
3,665
100
22,991
23,689
3,476
27,165
Fixed assets - tangible
Fixed assets investments
Long-term liabilities
and provisions
Total net assets
2.3. Description and structure of funds
a) Endowment funds
The Charity holds a new permanent endowment fund,
which has been granted in order to generate funds to
generally support purposes relating to King's College
Hospital or any research carried out therein. At 31
March 2023, the value of the endowment fund was
£100k (2022: nil).
The charity has one permanent endowment fund which
is managed by the trustee on a total return basis. This
means that the funds are invested to maximise the
return on investment without regard as to whether
that return is in the form of income from dividends or
interest or capital appreciation (where the market value
of the investment increases).
b) Restricted funds
Restricted funds are made up of funds where the
income was restricted by the donors for specific use.
This includes income from specific fundraising appeals.
The funds with balances over £100,000 are listed below:
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S U P P O R T K I N G S .O R G .U K
● The Cancer Treatment and Research Fund is
restricted to spending on cancer treatment and
research activities;
● The Paediatric Liver Research Laboratories Fund
consists of money donated to enable King’s College
Hospital to build and equip brand new state-of-theart laboratories and learning facilities;
● The D E Hughes Special Trust Fund is restricted
to spending on a strategic grants programme
established by the Trustees to support major
developments at King’s College Hospital NHS
Foundation Trust;
● The Transforming Liver Care Fund was established
to raise funds for transforming the care of children
with acute liver disease; and
● The COVID-19 Support Fund opened during 2020/21
for donations and grants made for specific support
to either King’s staff or patients.
c) Unrestricted funds
Unrestricted funds are made up of clinically designated
funds, a designated fund for grants and general funds.
