A total of 111 health-related linked charities last year merged into Great Ormond Street Hospital (GOSH) Charity, which has recorded a record annual income.
In the financial year to March 2024, GOSH Charity saw its income increase by 22% to £131m from £108m the year before.
All sources of income, except legacies, increased from the year before, with direct gifts from individuals and trusts contributing the most – £55.2m in 2023-24, up from £44.7m in 2022-23.
The charity’s income rise came in response to its largest-ever fundraising drive to fund a new children’s cancer centre.
In December 2024, the charity’s board committed £295.5m towards the project, adding to £34.5m pledged by the end of the financial year 2023-24, making a total commitment of £330m.
Meanwhile, the Charity Commission’s register shows that 111 charities merged into GOSH Charity in 2024.
A GOSH Charity spokesperson told Civil Society that the linked charities were set up when it was still a part of Great Ormond Street Hospital.
GOSH charity has held and managed all funds associated with the linked charities since its establishment.
None of the linked charities employed any staff, therefore no redundancies were made from the mergers, the spokesperson said.
CEO: ‘A momentous year’
In 2023-24, GOSH Charity’s income from legacies saw a decrease of £1.8m while its gift aid income saw an increase from £7.5m in 2022-23 to £7.8m in 2023-24.
Meanwhile, its expenditure also hiked from £69.1m in 2022-23 to £93.2m in 2023-24.
Research and redevelopment and environment contributed most to the charity’s expenditure, with the former at £19m and the latter at £18.7m.
Chief executive Louise Parkes said in the introduction to the accounts: “It’s been a momentous year, with lots of exciting work delivered against the backdrop of some wider challenges that have come our way.
“The hospital remains under increasing pressure just to meet current need, and to support more complex areas of care.
“But I never stop being inspired by the professionalism of the staff there and remain enormously grateful for the passion and commitment of all our staff, supporters, donors, partners and volunteers who stop at nothing to make sure every child affected by serious illness gets the childhood they deserve.”
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