Wykeham Journal 2017 | Page 54

Summary Statement of Financial Activities: for the year ended 31 August 2017

Unrestricted Restricted Endowed
2017 2016
Funds Funds Funds Total Total
(£’000) (£’000) (£’000) (£’000) (£’000)
INCOMING RESOURCES
Income from charitable activities
Gross school fees receivable
Scholarships and bursaries
Contributions to bursaries from endowed funds and donations 25,737
(3,386)
528 -
-
- -
-
- 25,737 24,607
(3,386) (3,267)
528 485
Net school fees receivable 22,879 - - 22,879 21,825
957 - - 957 861

-
-
2,321
(3,310)
-
2,679
- 630 555
84 90
2,386 1,881
-
-
109 108
3,460 3,145
54 52
Other income
Income from other activities
Trading income
Other activities
Investment income
Capital applied to income
Bank and other interest
Grants and donations
Other development income
Total incoming resources
630
84
65
2,841
109
194
54
-
-
-
469
-
587
-

27,813 1,056 1,690
30,559 28,517

EXPENDITURE
Costs of raising funds
Trading costs
Financing costs
Investment management
Development costs: - Fundraising

- Other activities
Total costs of raising funds
(407)
(254)
(15)
(510)
(384)
(1,570)
-
-
-
-
-

-
-
-
(577)
-
-
(577)
(407) (280)
(254) (276)
(592) (697)
(510) (428)
(384) (342)
(2,147) (2,023)

Charitable activities
EDUCATION AND GRANT MAKING
Teaching
(10,955)
(70)
-
(11,025) (10,642)
Welfare
(4,006)
(19)
-
(4,025) (3,956)
Premises repair and maintenance
(6,974)
(28)
(809)
(7,811) (7,390)
Support costs of schooling
(1,967)
-
-
(1,967) (1,620)
Grants, awards and prizes

- Quiristers
(118)
(90)
-
(208) (179)

- Contributions to bursaries from endowed funds and donations
-
(528)
-
(528) (485)

- Other awards
(17)
(63)
-
(80) (45)

(24,037)
(798)
(809) (25,644) (24,317)

PRESERVATION OF ANCIENT BUILDINGS AND CONTENTS (414)
(22)
-
(436) (603)
Total expenditure
(26,021) (820) (1,386)
(28,227) (26,943)
Net incoming resources
Revaluation gains and losses
Transfers between funds 1,792 236 304
2,332 1,574
430
-
6,912
7,342 81,442
63
(63)
-
-
-
Net income and capital (outflow)
Pension scheme actuarial losses 2,285 173 7,216 9,674 83,016
1,980
-
-
1,980 (1,954)
Net movement in funds for the year
Opening fund balances 4,265
27,805 173
528
Closing fund balances 32,070 701 327,443 360,214 348,560
50  The Wykeham Journal 2017
7,216
320,227
11,654 81,062
348,560 267,498