Summary Balance Sheet: at 31 August 2017
2017 2016
(£’000) (£’000)
FIXED ASSETS
Tangible fixed assets
98,983
Investments
258,201
94,827
253,956
357,184
348,783
NET CURRENT ASSETS
9,622 9,408
TOTAL ASSETS LESS CURRENT LIABILITIES
366,806
Other liabilities and provisions
358,191
(6,592) (9,631)
360,214 348,560
Net assets
REPRESENTED BY:
Endowed funds
327,443
Restricted funds
701
Unrestricted funds
32,070 320,227
528
27,805
360,214 348,560
Report by the trustees on the Summarised Financial Statements
The summarised financial statements on pages 50 and 51 are extracted from the full annual Report
and Financial Statements, which were approved by the Warden and Fellows and signed on their behalf
on 2 December 2017 and on which the auditors Crowe Clark Whitehill LLP gave an unqualified audit
report on page 26.
The auditors have confirmed to the Warden and Fellows that, in their opinion, the summarised financial
statements are consistent with the full financial statements for the year ended 31 August 2017.
These summarised financial statements may not contain sufficient information to gain a complete
understanding of the financial affairs of the charity.
The full Report of the Warden and Fellows, Financial Statements and Auditors’ Report may be obtained
from the Chief Accountant at the College.
Signed on behalf of the Warden and Fellows.
Charles Sinclair
February 2018
The Wykeham Journal 2017 51