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