FINANCIAL STATEMENTS
Consolidated statement of financial activities INCLUDING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Restricted Endowment Funds Funds Funds Note £’000 £’000 £’000
Income and endowments from: Donations and legacies 3 Charitable activities Other trading activities Turnover of QS Enterprises Ltd 4 Other fundraising activities Investments 7 Other Total income Expenditure on: Raising funds Costs of generating donations and legacies Fundraising trading expenditure Operating costs of QS Enterprises Ltd 4 Operating costs of Middlesex Annexe LLP 6 Other Investment management costs Costs of managing quoted investments Costs of managing, maintaining and repairing investment properties Bank interest and charges on loan relating to investment properties Charitable activities 8 Medical equipment and infrastructure costs Provision of staff and professional services Patient welfare and amenities Medical research Staff education and development Total expenditure
2021 2020 Total Total Funds Funds £’000 £’000
7,539 819
265 –
– –
7,804 819
9,774 1,230
3,892 37 4,177 – 16,464
– – 75 – 340
– – – – –
833
6
–
839
885
4,509 9,311 24
– – –
– – –
4,509 9,311 24
4,974 305 244
145
9
23
177
176
680
–
–
680
1,258
573
–
–
573
226
7,488 5,156 1,878 972 2,200 33,769
4 83 1 1 2 106
– – – – – 23
3,892 5,706 37 122 4,252 5,077 – 29 16,804 21,938
7,492 2,825 5,239 3,139 1,879 2,038 973 1,338 2,202 5,261 33,898 22,669
Net (expenditure)/income before investment gains (17,305) 234 (23) (17,094) (731) Net gains/(losses) on investments 15 2,280 302 1,088 3,670 (3,613) Net movements in funds (15,025) 536 1,065 (13,424) (4,344) Reconciliation of funds Total funds brought forward Total funds carried forward
20 20
147,493 132,468
3,053 3,589
6,845 7,910
All of the group’s activities in the above two financial periods were derived from continuing operations. The notes on pages 33 to 51 form part of these accounts. Detailed comparative information for the year ended 31 March 2020 is given in note 1 to the accounts.
28
UCLH CHARITY ANNUAL REPORT & ACCOUNTS 2020 –21
157,391 161,735 143,967 157,391
