King's College Hospital Charity - Annual Report & Accounts 2020-21 - Flipbook - Page 46
Financial Statements
5.4. Creditors falling due after one year
Grants payable
Unrestricted
Funds
£’000
Restricted
Funds
£’000
As at 31 March
2020
£’000
As at 31 March
2019
£’000
1,337
155
1,492
2,037
1,337
155
1,492
2,037
Grants payable comprises a number of grants to King’s
College Hospital NHS Foundation Trust where the
Trustees have committed to expenditure and costs are
expected to fall due in future years. As at 31 March 2019,
grants payable falling due after more than one year
included £1,290,000 relating to restricted funds.
5.5. Reconciliation of Grants Payable
2019/2020
£’000
2018/2019
£’000
At 1 April 2019
5,280
3,791
Grants awarded in the year (Note 4.3)
1,894
3,839
Grants paid in the year
(983)
(2,332)
Grants cancelled in the year
(308)
(18)
5,883
5,280
5.6. Commitments
The Charity has £40,000 (2019: £40,000) of commitments
at 31 March 2020 which don’t yet satisfy all conditions for
recording as a grant payable.
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