Summary Statement of Financial Activities F O R
T H E Y E A R E N D E D 31 AU G U S T 2 018
Unrestricted Restricted Endowed
2018 2017
Funds Funds Funds Total Total
(£’000) (£’000) (£’000) (£’000) (£’000)
INCOMING RESOURCES
Income from charitable activities
Gross school fees receivable
26,555
-
-
26,555 25,737
Scholarships and bursaries
(3,732)
-
-
(3,732) (3,386)
Contributions to bursaries from endowed funds and donations
475
-
-
475 528
Net school fees receivable
23,298
-
-
23,298 22,879
Other income
802
-
-
802 957
Income from other activities
Trading income
574
-
-
574 630
Other activities
142
-
-
142 84
Investment income
66
-
2,528
2,594 2,386
Capital applied to income
3,034
547
(3,581)
-
-
Bank and other interest
77
-
-
77 109
1,186
2,660
1,539
5,385 3,460
Grants and donations
99
-
-
99 54
Other development income
Total incoming resources
29,278 3,207 486 32,971 30,559
EXPENDITURE
Costs of raising funds
Trading costs
(388)
-
-
(388) (407)
(220)
-
-
(220) (254)
Financing costs
Investment management
(16)
-
(510)
(526) (592)
(618)
-
-
(618) (510)
Development costs: - Fundraising
- Other activities
(402)
-
-
(402) (384)
Total costs of raising funds
(1,644)
-
(510)
(2,154) (2,147)
Charitable activities
EDUCATION AND GRANT MAKING
Teaching
(11,006)
(151)
-
(11,157) (11,025)
(4,219)
(14)
-
(4,233) (4,025)
Welfare
(7,279)
-
(839)
(8,118) (7,811)
Premises repair and maintenance
(2,215)
-
-
(2,215) (1,967)
Support costs of schooling
Grants, awards and prizes
- Quiristers
(96)
(109)
-
(205) (208)
- C
-
(475)
-
(475) (528)
ontributions to bursaries from endowed funds and donations
- Other awards
(13)
(91)
-
(104) (80)
(24,828)
(840)
(839) (26,507) (25,644)
PRESERVATION OF ANCIENT BUILDINGS AND CONTENTS (425)
(19)
(444) (436)
-
Total expenditure
(26,897) (859) (1,349) (29,105) (28,227)
Net incoming resources
Revaluation gains and losses
Transfers between funds 2,381 2,348 (863) 3,866 2,332
57
-
3,228
3,285 7,342
22
(22)
-
-
-
Net income and capital (outflow)
Pension scheme actuarial gains/(losses) 2,460 2,326 2,365 7,151 9,674
1,721
-
-
1,721 1,980
Net movement in funds for the year
Opening fund balances 4,181
32,070
Closing fund balances 36,251 3,027 329,808 369,086 360,214
46 The Wykeham Journal 2018
2,326
701
2,365
327,443
8,872 11,654
360,214 348,560