THE KING'S FUND
Registered charity 1126980 · accounts filings on the Charity Commission register
The King's Fund is an independent charity working to improve health and health care in England. We help to shape policy and practice through research and analysis; develop individuals, teams and organisations; promote understanding of the health and social care system; and bring people together to learn, share knowledge and debate. Our vision is that the best possible care is available to all.
Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Economic/community Development/employment · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating deficit of £6.2 million, driven by inflation increasing costs more than income generated. However, total net assets increased to £225.4 million, largely due to a £14.4 million gain on investments which covered the deficit. The charity maintains unrestricted reserves of £65 million, though £52 million of this is tied up in fixed assets used for activities.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: unclear (held: £65.0m)
“The Trustees consider reserves to be at an appropriate level.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Management fees charged by charity to subsidiary
“In 2024, the charity charged KEHF Limited management fees totalling £426,000 (2023: £395,000). This is calculated as a percentage of staffing costs.” — page 75
“In 2024, the charity charged KEHF Limited licence fees totalling £897,000 (2023: £841,000). This is calculated as a percentage of room hire income from external conference and catering services.” — page 75
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Licence fees charged by charity to subsidiary
“In 2024, the charity charged KEHF Limited management fees totalling £426,000 (2023: £395,000). This is calculated as a percentage of staffing costs.” — page 75
“In 2024, the charity charged KEHF Limited licence fees totalling £897,000 (2023: £841,000). This is calculated as a percentage of room hire income from external conference and catering services.” — page 75
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Administration fees charged by subsidiary to charity
“In 2024, the charity charged KEHF Limited management fees totalling £426,000 (2023: £395,000). This is calculated as a percentage of staffing costs.” — page 75
“In 2024, the charity charged KEHF Limited licence fees totalling £897,000 (2023: £841,000). This is calculated as a percentage of room hire income from external conference and catering services.” — page 75
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: KEHF Ltd
“KEHF Ltd is a wholly owned trading subsidiary of The King’s Fund.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by HaysMac LLP. Discloses 4 of 6 completeness components.
Corporate structure
Property (HM Land Registry)
7 registered titles in England and Wales held by the charity’s company or corporate body (7 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£1.2m
Reserves (reported)
£225.4m
Reported reserves equal ~135.7 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Charitable activities (44% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 8.5% of total income — above the median for charities its size (3.8%) (benchmarks).
Register events
- Received assets from another charity (21/10/2025) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- Received assets from another charity (18/02/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout England
Income and spending
Common questions
Is THE KING'S FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported an operating deficit of £6.2 million, driven by inflation increasing costs more than income generated. However, total net assets increased to £225.4 million, largely due to a £14.4 million gain on investments which covered the deficit. The charity maintains unrestricted reserves of £65 million, though £52 million of this is tied up in fixed assets used for activities. Its FY2024 accounts were audited by HaysMac LLP.
Who funds THE KING'S FUND?
Funders whose own accounts filings name THE KING'S FUND as a grant recipient include THE HEALTH FOUNDATION, THE RCN FOUNDATION.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with KING'S COLLEGE HOSPITAL CHARITY.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.