KCHC Annual Report and Accounts 2024-25 Spreads - Flipbook - Page 64
Charity contact details and advisors
6. Related party
transactions
The number of Trustees at 31 March 2025 was
eleven (2024: twelve). None of the Trustees received
remuneration for their services to the Charity (2023/24:
£nil) and no Trustees (2023/24: £nil) were reimbursed
for costs necessarily incurred on Charity business.
A total of £5,443 (2024: £6,153) donations were made
to the Charity by individual Trustees. Indemnity cover
is provided for Trustees by the Charity.
The Charity provides the majority of its grants by
number and value to the Trust (see note 4.3). It also
receives services from King’s free of charge including
offices and facilities management (see note 3.1).
7. Subsidiary
King’s College Hospital Charity owns 100% of the
issued ordinary shares of KCHC Trading Limited,
a company incorporated in England and Wales
(company registration number 11881179. The principal
activities of the subsidiary are to manage the trading
activities of King’s College Hospital Charity. KCHC
Trading Limited was dormant throughout the current
year and prior year.
8. Post balance sheet event
Following the financial year ended 31st March 2025,
The Friends of Princess Royal University Hospital
(FoPRUH) charity has decided to close due to the
retirement of key trustees and significant challenges
in recruiting new leadership. On 17th June 2025, a
resolution was passed by the Friends of PRUH to
transfer the charity’s remaining assets, valued at
£114,006, to Kings College Hospital Charity. This
includes £95,170 in unrestricted funds and £18,836
in restricted funds. The FoPRUH is anticipated to
complete the transfer by December 2025.
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S U P P O R T K I N G S .O R G .U K
