KCHC Annual Report and Accounts 2024-25 Spreads - Flipbook - Page 53
Notes to the financial statements
2.2. Analysis of net assets between funds
The net assets that back these funds are as follows:
Year ended 31 March 2025
Unrestricted
funds
Restricted
funds
Total
funds
Unrestricted
funds
Restricted
funds
Year ended 31 March 2024
Total
funds
£’000
£’000
£’000
£’000
£’000
£’000
26
–
26
41
-
41
22,137
5,565
27,702
24,022
5,975
29,997
Debtors
783
–
783
944
-
944
Cash
249
–
249
537
-
537
Total assets
23,195
5,565
28,760
25,544
5,975
31,519
Net current liabilities
(5,575)
(1,971)
(7,546)
(5,579)
(2,349)
(7,928)
(199)
(676)
(875)
(123)
(351)
(474)
17,421
2,918
20,339
19,842
3,275
23,117
Fixed assets – tangible
Fixed assets – investments
Long-term liabilities and
provisions
Total net assets
2.3. Prior year adjustment
The previously reported balance on the general fund
and designated funds are restated to reflect the
balance transfer of legal costs from the general fund
to the Ryan Legacy – Primary Biliary Cirrhosis and
Liver designated fund. This is to reflect the correct
treatment of legal fees pertaining to Susan Ryan
Legacy Estate negligence claim.
Summary of the prior year adjustment
£’000
General funds previously reported at 1 April 2024
4,929
Adjustment increase in brought forward general funds
139
As restated general funds at 1 April 2024
5,068
Designated funds previously reported at 1 April 2024
14,913
Decrease in brought forward designated funds
(139)
As restated designated funds at 1 April 2024
14,774
The above adjustment has no impact at April 1 2023 and
on the reported SOFA of the Charity for the year ended
31st March 2024.
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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