King's College Hospital Charity - Annual Report & Accounts 2020-21 - Flipbook - Page 47
Financial Statements
6 Related Party Transactions
The number of Trustees at 31 March 2020 was eleven
(2019: eleven).
None of the Trustees received remuneration for their
services to the Charity (2018/19: £nil) and no Trustees
(2018/19: £nil) were reimbursed for costs necessarily
incurred on Charity business. A total of £1,730
donations were made to the Charity by individual
trustees. Indemnity cover is provided for Trustees
by the Charity.
Christopher Stooke is a non-executive director of King’s
College Hospital NHS Foundation Trust, and Professor
Julia Wendon is the Trust’s Medical Director. The Charity
provides the majority of its grants by number and
value to the Foundation Trust. It also receives services
from the Trust free of charge including offices, facilities
management and IT support. During the 2018/19 financial
year there was one member of staff employed by the Trust
and on secondment to the Charity whose costs were
paid for by the Charity until they left in August 2018. The
Charity also sub-leases the property it acquired as a
social investment in June 2017 to the Foundation Trust.
7 Subsidiary
King’s College Hospital Charity owns 100% of the
issued ordinary shares of KCH Trading Limited, a
company incorporated in England and Wales (Company
Registration Number 11881179.) The principal activities
of the subsidiary are to manage the trading activities
of King’s College Hospital Charity. KCH Trading Limited
was dormant throughout the year.
8 Post Balance Sheet Event
No events have occurred since the balance sheet date that require disclosure.
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
47