2023/24 Financial ReviewIncome: Money received and sources of fundsThe charts below show the main sources of income for the last two years.2023/24Income2022/23£3.7M£4.7M£’000£’000Donations2,257194Gi昀琀 aid138110In kind donations110673Legacies1,048376757Other income90Income in 2023/24 was £4.7M (2022/23: £3.7M),representing the highest income recorded sinceindependence in 2016, and is £1M higher than theprevious year. This reflects the net effect of changesacross each key source of income:• Fundraising income (donations, gift aid and otherincome) at £2.8M was £1.2M higher than 2022/23,which reflects good performance from Philanthropyand Partnerships, as well as an increase in lotteryincome and supporter recruitment;S U P P O R T K I N G S .O R G .U K1,168Investment incomeThe Charity funds its grant-making activity fromfundraised income. This is raised through a wide rangeof fundraising activities that ensure diversity across abroad supporter base and from legacies.301,442• Legacy income decreased by £0.5M to £0.7Mcompared with the prior year; and• Investment income increased by £0.3M to £1Min comparison to the prior year due to improveddividends and higher interest rates.Increasing our fundraising income and unrestrictedgeneral income is vitally important to the Charity’sfuture.Further details are provided in Note 3.
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