KCHC Annual Report and Accounts 2024-25 Spreads - Flipbook - Page 32
2024/25 Financial Review
Net (deficit) surplus
The net deficit for the year was £2.8 million (2024:
surplus £126k) after accounting for an unrealised
revaluation loss on investments of £1.1 million (2024:
gain £1.5 million).
Net assets
The chart below shows a decrease in the Charity’s net
assets by £2.8 million (2024: increase £126k).
The value of investments dropped by £2.3 million,
including investment revaluation losses of £1.1 million
(2024: Investment gain of £1.5 million) and a £1.2
million drawdown of liquidity funds during the year to
fund the operational deficit.
Net current liabilities stood at £6.5 million (2024: £6.4
million), primarily making up the Foundation Trust
commitments of £7.5 million (2024: £7.9 million). Total
investments can be liquidated at short notice, and
trustees believe that in a worst-case scenario, the
Charity’s investments would cover all liabilities due.
Net assets
At 31 March 2025
At 31 March 2024
£29,997
£30,000
£27,702
£25,000
£20,000
£15,000
£10,000
£5,000
£0
£26
Net current
liabilities
£41
Tangible assets
Investments
-£875
-£5,000
-£6,514 -£6,447
-£10,000
32
S U P P O R T K I N G S .O R G .U K
Loan term
liabilities
-£474
