5
6
6 7
345
4
4
5
2
3
2
1
1
3
1
2
INCOME (£000) EXPENDITURE (£000) SCHOOL EXPENDITURE (£000)
1 Gross Charitable:
School: 26,302
Scholarships and bursaries: 3,732
Charitable - Quiristers: 205
Charitable - Ancient buildings
and collections: 444 1
2
3
4
5
Teaching: 11,157
Welfare: 4,233
Premises: 8,118
Support: 2,215
Other: 579
Total: 26,302
school fees and
other school income: 27,832
2 Trading and other income: 716
3 Investment and interest income: 2,671
Fundraising:
New endowments; 1,539
Kingsgate Park project; 2,265
Other fundraising income; 1,680
4
5
6
1
2
3
4
On generating income:
5 Trading: 388
6 Investment management
and financing: 746
7 Development: 1,020
- Fundraising; 618
- Other activities; 402
Total: 36,703
Total: 32,837
Income and Expenditure Contribution
2018 2017
2018 2017
(£’000) (£’000) (£’000) (£’000)
Gross school fees
Other school income including
contributions towards bursaries 26,555 25,737 School income before depreciation
Depreciation (1) 437
(2,850) (2,681)
School income
Trading and other income
Investment income
Fundraising income 27,832 27,222
716 714
2,671 2,495
5,484 3,514 Deficit in school income
Trading, Investment and Fundraising (2,851) (2,244)
2,913 2,064
Net operating surplus/(shortfall)
Donations to Endowments
Donations to Kingsgate Park project 62 (180)
1,539 2,512
2,265 -
Total income 36,703 33,945 3,866 2,332
INCOME
1,277 1,485
EXPENDITURE
Charitable:
School
Scholarships and bursaries
Quiristers
Ancient Buildings and Collections (26,302) (25,436)
(3,732) (3,386)
(205) (208)
(444) (436)
Total charitable expenditure (30,683) (29,466)
Other:
On generating other income (2,154) (2,147)
Total expenditure
Net income
(32,837) (31,613)
3,866 2,332
The Wykeham Journal 2018
7