King's College Hospital Charity - Annual Report & Accounts 2019-20 - Flipbook - Page 37
b) Unrestricted funds
Unrestricted funds are made up of clinically designated
funds, a designated fund for grants and general funds.
Donations and legacies are allocated to designated
funds where the donor has given an indication that
they wish the funds to be used for a particular purpose.
There are over 230 Clinical designated funds held by
the Charity for different medical specialties and service
areas within the hospital. The value of the individual
funds range from under £1,000 to over £800,000.
In addition, during 2018/19 a fund was set aside for
pump priming major capital projects.
During 2017/18 the Charity acquired a long leasehold
property for strategic reasons, which is currently
regarded as a social (mixed motive) investment
(note 5.1). An amount equivalent to the fair value
of the property is separately designated.
At 31 March 2020, £1.9m (2019: £1.9m) was held in
a designated fund for strategic grants. The value is
equivalent to the projected level planned to be invested
in strategic projects over the three year period of the
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