Wykeham Journal 2018 | Page 52

Summary Statement of Financial Activities F O R T H E Y E A R E N D E D 31 AU G U S T 2 018 Unrestricted Restricted Endowed 2018 2017 Funds Funds Funds Total Total (£’000) (£’000) (£’000) (£’000) (£’000) INCOMING RESOURCES Income from charitable activities Gross school fees receivable 26,555 - - 26,555 25,737 Scholarships and bursaries (3,732) - - (3,732) (3,386) Contributions to bursaries from endowed funds and donations 475 - - 475 528 Net school fees receivable 23,298 - - 23,298 22,879 Other income 802 - - 802 957 Income from other activities Trading income 574 - - 574 630 Other activities 142 - - 142 84 Investment income 66 - 2,528 2,594 2,386 Capital applied to income 3,034 547 (3,581) - - Bank and other interest 77 - - 77 109 1,186 2,660 1,539 5,385 3,460 Grants and donations 99 - - 99 54 Other development income Total incoming resources 29,278 3,207 486 32,971 30,559 EXPENDITURE Costs of raising funds Trading costs (388) - - (388) (407) (220) - - (220) (254) Financing costs Investment management (16) - (510) (526) (592) (618) - - (618) (510) Development costs: - Fundraising - Other activities (402) - - (402) (384) Total costs of raising funds (1,644) - (510) (2,154) (2,147) Charitable activities EDUCATION AND GRANT MAKING Teaching (11,006) (151) - (11,157) (11,025) (4,219) (14) - (4,233) (4,025) Welfare (7,279) - (839) (8,118) (7,811) Premises repair and maintenance (2,215) - - (2,215) (1,967) Support costs of schooling Grants, awards and prizes - Quiristers (96) (109) - (205) (208) - C - (475) - (475) (528)  ontributions to bursaries from endowed funds and donations - Other awards (13) (91) - (104) (80) (24,828) (840) (839) (26,507) (25,644) PRESERVATION OF ANCIENT BUILDINGS AND CONTENTS (425) (19) (444) (436) - Total expenditure (26,897) (859) (1,349) (29,105) (28,227) Net incoming resources Revaluation gains and losses Transfers between funds 2,381 2,348 (863) 3,866 2,332 57 - 3,228 3,285 7,342 22 (22) - - - Net income and capital (outflow) Pension scheme actuarial gains/(losses) 2,460 2,326 2,365 7,151 9,674 1,721 - - 1,721 1,980 Net movement in funds for the year Opening fund balances 4,181 32,070 Closing fund balances 36,251 3,027 329,808 369,086 360,214 46 The Wykeham Journal 2018 2,326 701 2,365 327,443 8,872 11,654 360,214 348,560