KCHC Annual Report and Accounts 2024-25 Spreads - Flipbook - Page 31
2024/25 Financial Review
Expenditure: What the money was spent on
The charts below show the main expenditure categories for the last two years.
2024/25
Expenditure
2023/24
£6.1M
£5.9M
£’000
£’000
Activities
2,582
Grant awards
2,464
983
Direct fundraising cost
1,058
1,632
Salary cost
1,648
85
HR
57
167
Estates and facilities
158
123
Technology
141
229
Legal and professional
256
47
Comms and marketing
47
53
Other costs
81
6
Financing costs
151
Total expenditure was £5.9 million (2024: £6.1 million),
marking a £156k decrease from the previous year.
This spending featured a more strategic allocation
towards grant commitments of £2.58 million (2024:
£2.46 million), accounting for 80% of total fundraised
income (2024: 68%). Fundraising costs of £1.91 million
(2024: £2.14 million) delivered a higher return on
investment, generating £1.72 in fundraised income for
every £1 spent (2024: £1.63). Support costs of £1.42
million were kept in line with previous year, despite
inflationary pressures on the cost base. Further details
on expenditure can be found in Note 4.
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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