Winchester College Annual Report 2023 | Page 70

OBJECTS , AIMS , OBJECTIVES

AND Activities
Winchester College Trading Company ( Enterprises ) Trading as Winchester College Enterprises , activities primarily generate revenue from letting the school ’ s campus facilities when not in use by the College . Annual profits from its operations , to the extent generated , are donated to the College under the Gift Aid Scheme . Losses were incurred in the year , as the level of trading activity gradually returns to pre-Covid levels .
Winchester College Enterprises hosts residential courses and sports and activity camps for children , organises catered events including wedding receptions , conferences and private parties , provides film locations and arranges charity events on campus . Enterprises also arranges guided tours of the Ancient Buildings seven days a week throughout the year , except Christmas and New Year .
Many of the College facilities are made available to the public and the College continues to forge links with the community through various economic , sports and tourism initiatives , including Heritage Open Days , Cultural Consortium , Discover Winchester , Kingsgate Village and the Business Improvement initiative .
Enterprises also organises , either free or at cost , on behalf of the College , numerous charity and community events making use of the College ’ s facilities , including carol services , fundraising concerts , offering performance spaces for rehearsals , concerts and other performances , providing venues and meeting spaces for local charities and community groups as well as outdoor activities for local educational and community bodies .
Beam Design Limited The company operates as a design and build contractor on behalf of the College for major capital projects . Beam Design has managed the planning phase of two new Boarding Houses during the year which achieved planning permission in August 2023 . The profits made in the year were offset against brought forward losses , such that no donation was made to the College in the year .
Development The College is committed to best practice in relation to all fundraising activities , which are carried out by the in-house Development team who are subject to the scrutiny of the Development Committee and Governing Body . The College is registered with the Fundraising Regulator and has set up internal protocols and procedures to adhere to the Code of Fundraising Practice as a set of guiding principles to ensure fundraising is legal , open , honest , and respectful , and the school ’ s Privacy Notices have been updated accordingly . This national code of practice includes rules governing consent , data sharing , data protection and privacy relating to all electronic and print communications . Within this framework , the College strives for full compliance with GDPR and PECR regulations and continues to review the management of data and its communication strategy in line with best practice .
Face to face and virtual meetings with donors and potential donors are always made by appointment and with full disclosure in advance of the purpose of each meeting . A series of guidelines , in line with the recommendations as set out in the Fundraising Regulator ’ s Code of Fundraising Practice , have been adopted to protect vulnerable people and to guard against intrusion on a person ’ s privacy . Unreasonably persistent behaviour by fundraisers or undue pressure on a person to give money or other property is not tolerated .
Winchester College Society , for which further information can be found in note 8 to these financial statements , pursues fundraising for the College ’ s present and future needs as one of its aims . Details of funds raised in the year can be found within the Financial Review later in this Report . Particular emphasis is placed on attracting sufficient donations to allow the College to achieve the bursary target outlined above . In addition to raising funds for bursaries , the Development team raised funds for the refurbishment of War Cloister in advance of its centenary year in 2024 .
Principal Risk and Uncertainties The risks that the College faces are reviewed on a regular basis through both its internal management structures and its governance . They examine the principal areas of the College ’ s operations and other activities and consider the major risks in each of those areas . Specifically , risks are evaluated in five main areas : compliance , financial , governance and operational plus the external environment . The College has established controls and procedures , which , under normal circumstances , should allow those risks to be managed appropriately and , where necessary ,
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