KCHC Annual Report and Accounts 2024-25 Spreads - Flipbook - Page 29
2024/25 Financial Review
Summary financial
information
In fiscal year 2025, the Charity’s income decreased by
8% to £4.3 million (2024: £4.7 million) due to uncertain
legacy income and lower investment returns.
Expenditure was reduced by 2.6% to £5.9 million
(2024: £6.1 million) through effective fundraising
management, achieving a higher return on investment.
The operating deficit was £1.6 million (2024: deficit
£1.4 million), with a notable improvement in the deficit
on unrestricted general funds, which decreased to £0.2
million, down by £0.4 million from the previous year
(2024: deficit £0.6 million).
Grant commitments improved, accounting for 80%
(2024: 68%) of fundraised income. Despite inflationary
pressures, operating costs were reduced by 7.5%.
2024/25
Operating financial summary
£5,000
2023/24
£4,658
£4,279
£4,000
£3,595
£3,325
£3,000
£2,582
£2,464
£2,000
£1,000
Operating deficit
£0
Income
Grant awards
Operating cost
-£1,000
-£2,000
-£1,628
-£1,401
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 F I N A N C I A L S TAT E M E N T S 2 0 24 / 2 5
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