Summary Statement of Financial Activities:
s i r r i c h a r d s ta g g
S U M M A RY S TAT E M E N T O F F I N A N C I A L
ACTIVITIES FOR THE YEAR ENDED
31 AUGUST 2019
Unrestricted Restricted Endowed
2019 2018
Funds Funds Funds Total Total
(£’000) (£’000) (£’000) (£’000) (£’000)
INCOMING RESOURCES
Income from charitable activities
Gross school fees receivable
27,476
-
-
27,476 26,555
Scholarships and bursaries
(3,677)
-
-
(3,677) (3,732)
Contributions to bursaries from endowed funds and donations
690
-
-
690 475
Net school fees receivable
24,489
-
-
24,489 23,298
Other income
861
-
-
861 802
Income from other activities
Trading income
606
-
-
606 574
Other activities
132
-
-
132 142
Investment income
49
-
3,242
3,291 2,594
Capital applied to income
3,598
840
(4,438)
-
-
Bank and other interest
92
-
-
92 77
Grants and donations
194
3,600
2,413
6,207 5,385
Other development income
85
-
-
85 99
Total incoming resources
30,106 4,440 1,217 35,763 32,971
EXPENDITURE
Costs of raising funds
Trading costs
(376)
-
-
(376) (388)
Financing costs
(173)
-
-
(173) (220)
Investment management
-
-
(548)
(548) (526)
Development costs: - Fundraising
(581)
-
-
(581) (618)
- Other activities
(418)
-
-
(418) (402)
Total costs of raising funds
(1,548)
-
(548)
(2,096) (2,154)
Charitable activities
EDUCATION AND GRANT MAKING
Teaching
(11,771)
(114)
-
(11,885) (11,157)
Welfare
(4,321)
(8)
-
(4,329) (4,233)
Premises repair and maintenance
(8,199)
(7)
(809)
(9,015) (8,118)
Support costs of schooling
(2,515)
-
-
(2,515) (2,215)
Grants, awards and prizes
- Quiristers
(54)
(161)
-
(215) (205)
- C
ontributions to bursaries from endowed funds and donations
-
(690)
-
(690) (475)
- Other awards
(10)
(37)
-
(47) (104)
(26,870) (1,017)
(809) (28,696) (26,507)
PRESERVATION OF ANCIENT BUILDINGS AND CONTENTS (476)
(24)
-
(500) (444)
Total expenditure
(28,894) (1,041) (1,357) (31,292) (29,105)
Net incoming resources
Revaluation gains and losses
Transfers between funds 1,212 3,399 (140) 4,471 3,866
139
-
(2,224)
(2,085) 3,285
192
(192)
-
-
-
Net income and capital (outflow)
Pension scheme actuarial gains/(losses) 1,543 3,207 (2,364) 2,386 7,151
(266)
-
-
(266) 1,721
Net movement in funds for the year
Opening fund balances 1,277
36,251
Closing fund balances 37,528 6,234 327,444 371,206 369,086
50 The Wykeham Journal 2019
3,207
3,027
(2,364)
329,808
2,120 8,872
369,086 360,214