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35,847 claims
The King's Fund contributed £1,397,000 to the Group Personal Pension Scheme in 2024.
The Fund contributed £1,397,000 (2023: £1,137,000) to the scheme.
Financial · Funding statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 73
The King's Fund contributed £64,000 to the NHS Pension Scheme in 2024.
In 2024 The Fund contributed £64,000 (2023: £69,000) to the scheme.
Financial · Funding statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 73
The King's Fund expects no further contributions to its pension scheme in 2025.
The King’s Fund expects no further contributions to be made to the Plan in the year ending 31 December 2025 due to the closure of the scheme to future accruals.
Financial · Funding statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 72
The King's Fund had no active members in the Staff Pension and Life Assurance Plan as of December 2024.
so as at 31 December 2024 there were no active members (2023: 12).
Operational · Observational claim · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 71
The King's Fund has a loan of £20 million from MetLife, repayable in May 2051.
A 30-year loan was taken out on 14 May 2021 to enhance the long-term value of The King’s Fund’s investments and has been invested in line with the strategic asset allocation. The loan is repayable in full at the end of the loan period in May 2051.
Financial · Observational claim · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 70
The King's Fund does not present a separate charity-only Cash Flow Statement due to exemptions in FRS 102.
The charity has taken advantage of the exemptions in FRS 102 from the requirements to present a charity-only Cash Flow Statement and certain disclosures about the charity’s financial instruments.
Financial · Policy statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 58
The King's Fund does not recognise a surplus in its defined benefit pension scheme as it is considered unrecoverable.
Where the scheme is determined to be in a surplus position, a surplus is recognised as an asset only to the extent that this can be recovered in future years through reductions in employer contributions or through a specific refund/reimbursement from the scheme, hence, at the moment, it is not recognised as it is considered that the surplus in the defined benefit pension scheme is not recoverable.
Financial · Policy statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 58
The King's Fund uses FRS 102 for accounting and reporting rather than the withdrawn Accounting and Reporting by Charities: Statement of Recommended Practice.
This departure has involved following Accounting and Reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005, which has since been withdrawn.
Financial · Policy statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 57
The King's Fund has a reasonable expectation to continue in operational existence for the foreseeable future.
The Fund’s planning process... and that there are no material uncertainties that call into doubt the charity’s ability to continue.
Operational · Observational claim · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 58
The King's Fund has a remuneration committee that meets annually to determine salary increases based on economic indicators and affordability.
At the meeting held in October 2024, the Committee was mindful of affordability as well as higher (although reducing) levels of inflation. As a result, it recommended an increase of 2 per cent in January 2025, which Trustees agreed.
Operational · Procedural statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 42
The King's Fund has a robust conflicts of interest policy that requires annual declarations from trustees, committee members, and senior staff.
Trustees, committee members and senior members of staff are required to recognise and deal appropriately with conflicts of interest. Our conflicts of interest policy, which is reviewed annually by the Audit and Risk Committee, sets out our approach.
Governance · Procedural statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 41
The King's Fund has a remuneration policy that aims to provide competitive salaries and ensure fair, equitable, and transparent pay practices.
The King’s Fund believes that to attract and retain the calibre of staff we need to deliver our charitable objectives, our remuneration policy should: • provide salaries that are competitive in our sector • be considered fair, equitable and transparent
Operational · Policy statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 42
The King's Fund receives funding from diverse sources, including commercial organisations, NHS bodies, and government.
Our remaining funding mainly comes from a mixture of income-generating charitable activity (including leadership and organisational development services, our events and funded research and policy analysis) and commercial activities (including hiring out our venue and renting out office space in our building).
Financial · Funding statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 40
The King's Fund reviews its expenditure from investments periodically to balance expected demand with future returns.
Trustees review the amount that they spend from investments periodically, balancing the expected demand for resources with the likelihood of future investment returns.
Financial · Procedural statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 32
The King's Fund does not invest in tobacco-related industries due to its commitment to improving health.
As a charity committed to improving health, we do not have any direct or indirect investments in the tobacco industry.
Financial · Policy statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 32
The King's Fund manages its reserves as a pooled investment to support long-term financial needs.
The expendable endowment, restricted funds and unrestricted reserves are managed as a pooled investment, with the intention of providing financial support today and for the foreseeable future.
Financial · Policy statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 32
The King's Fund will focus on embedding anti-racism training for another cohort of staff in 2025.
anti-racism training – sustainably rolling out anti-racism training for another cohort of staff in The King’s Fund
Operational · Commitment statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 27
The King's Fund aims to address slavery and colonialism through their published action plan.
Our equity, diversity and inclusion work programme is framed around four key thematic priorities. Some 2024 highlights within those themes are as follows.
Policy · Commitment statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 26
The King's Fund was ranked 79th in Stonewall’s Top 100 employers, a slight decline from their previous ranking.
In 2024 we were ranked 79 in Stonewall’s Top 100 employers, a small drop from our 75th position in 2023.
Metric · Observational claim · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 25
The King's Fund plans to refresh data collection through their internal HR system.
We are planning to do a refresh of our data collection through our internal human resources (HR) system.
Operational · Procedural statement · From The King's Fund — annual report and accounts, year ending 31 December 2024, page 24