Wykeham Journal 2015 | Page 54
Summary Statement of Financial Activities
for the year ended 31 August 2015
Unrestricted
Funds
(£’000)
Restricted
Funds
(£’000)
Endowed
Funds
(£’000)
2015 2014
Total Total
(£’000) (£’000)
INCOMING RESOURCES
Income from charitable activities
Gross School fees receivable
Scholarships and bursaries
Contributions to bursaries from endowed funds and donations
23,543 – –
23,543 22,976
(2,431) – –
(2,431) (2,069)
486
–
–
486 417
Net School fees receivable
21,598 – –
21,598 21,324
Other income
872
–
–
872 943
Income from generated funds
Trading income
505
–
–
505 478
Other activities
122
–
–
122 54
Investment income
75
–
1,791
1,866 1,913
Capital applied to income
2,311
470
(2,781)
– –
Bank and other interest
267
47
–
314 343
Grants and donations
324
852
2,295
3,471 2,866
Other development income
89
–
–
89 63
Total incoming resources
26,163 1,369 1,305 28,837 27,984
RESOURCES EXPENDED
Costs of generating funds
Trading costs
Financing costs
Investment management
Development costs:
– Fundraising
– Other activities
(271)
(169)
–
(501)
(361)
–
–
–
–
–
–
–
(591)
–
–
(271) (270)
(169) (152)
(591) (631)
(501) (539)
(361) (366)
Total costs of generating funds
(1,302) – (591)
(1,893) (1,958)
Charitable activities
EDUCATION AND GRANT MAKING
Teaching
Welfare
Premises repair and maintenance
Support costs of schooling
Grants, awards and prizes – Quiristers
– Contributions to bursaries from
endowed funds and donations
– Other awards
(9,984) (153)
–
(10,137) (9,465)
(3,814) (55) –
(3,869) (3,694)
(6,077)
(65)
(705)
(6,847) (5,941)
(1,482)
–
–
(1,482) (1,652)
(118)
(78)
–
(196) (198)
–
(486)
–
(486) (417)
(29)
(21,504)
PRESERVATION OF ANCIENT BUILDINGS AND CONTENTS (799)
Total charitable expenditure
GOVERNANCE
Total resources expended
Net incoming resources
Transfers between funds
Revaluation gains and losses
Net movement in funds for the year
(24)
(861)
(88)
–
(705)
–
(53) (74)
(23,070) (21,441)
(887) (945)
(22,303) (949) (705)
(23,957) (22,386)
(60)
–
–
(60) (67)
(23,665) (949) (1,296)
(25,910) (24,411)
2,498
797
420
(662)
9
135
2,927 3,573
– –
233
–
21,705
21,938 36,148
3,528
(242)
21,579
24,865 39,721
Opening fund balances
22,653
2,221
217,759
242,633 202,912
Closing fund balances
26,181
1,979
239,338
267,498 242,633
50 The Wykeham Journal 2015