King's College Hospital Charity - Annual Report & Accounts 2020-21 - Flipbook - Page 14
Financial Review
Financial Review
Summary financial information
A summary of the Charity’s financial performance during 2019/20
and the value of its funds at the end of that year is set out below.
2019/20
£’000
2018/19
£’000
Donations & other funding
1,698
1,697
Legacies
1,040
296
820
793
3,558
2,786
Charitable activities
2,145
4,345
Support, governance, fundraising & investment management costs
1,051
969
Total expenditure
3,196
5,314
362
(2,528)
Net investment (losses)/gains
(2,192)
296
(Decrease) in net assets
(1,830)
(2,232)
Net assets at the start of the year
22,601
24,833
Net assets at the end of the year
20,771
22,601
31 March 2020
£’000
31 March 2019
£’000
Restricted
3,410
3,045
Designated
14,588
13,927
2,773
5,629
20,771
22,601
Income for the year:
Investment income
Total income
Expenditure in the year:
Net operating surplus/(deficit) before changes in investment values
The total net assets of £20.8m were held within the following funds:
General
Total net assets
The purposes of these funds are described in more detail in note 2 of the financial statements.
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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 01 9/ 2 0