Wykeham Journal 2020 | Page 18

THE WYKEHAM JOURNAL 2020
TOTAL VALUE OF BURSARIES AWARDED (£)
NUMBER OF BOYS RECEIVING BURSARIES
AVERAGE VALUE OF
BURSARIES AWARDED
10 / 11 11 / 12 12 / 13 13 / 14 14 / 15 15 / 16 16 / 17 17 / 18 18 / 19 19 / 20
10 / 11 11 / 12 12 / 13 13 / 14 14 / 15 15 / 16 16 / 17 17 / 18 18 / 19 19 / 20
10 / 11 11 / 12 12 / 13 13 / 14 14 / 15 15 / 16 16 / 17 17 / 18 18 / 19 19 / 20
£ 1,311,050
£ 708,375
£ 1,410,596 £ 1,695,963
£ 2,118,646 £ 2,981,313 £ 3,080,243 £ 3,294,000 £ 3,250,500 £ 3,332,000
50 76 76
86
102 127 127 132
118 125
47 % 55 % 57 % 58 % 60 % 66 % 67 % 66 % 69 % 68 %
INCOME (£’ 000 )
1 Gross school fees and other school income : 29,402
2 Trading and other income : 143
3 Investment and interest income : 3,286
Fundraising : 4 New endowments : 2,037 5 Kingsgate Park project : 2,247 6 Other fundraising income : 1,246
Total : 38,361
2
3
4
5 6
1
INCOME AND EXPENDITURE
2020
2019
(£’ 000 )
(£’ 000 )
Income Gross school fees
28,681
27,476
Gross COVID-19 fee discount and rebate ( 2,434 )
Other school income including
contributions towards bursaries
1,723
1,551
Job Retention Scheme income
1,432
School income
29,402
29,027
Trading and other income
143
738
Investment income
3,286
3,383
Fundraising income
5,530
6,292
Total income 38,361 39,440
EXPENDITURE (£’ 000 )
Charitable : 1 School : 28,621 2 Scholarships and bursaries : 3,676 3 Quiristers : 218 4 Ancient buildings and collections : 503
On generating income : 5 Trading : 246 6 Investment management and financing : 1,270
7 Development : – Fundraising : 514 – Other activities : 370
Total : 35 , 418
2
6 3 4 5 7
1
Expenditure Charitable : School
( 28,621 )
( 28,481 )
Scholarships and bursaries
( 3,676 )
( 3,677 )
Quiristers
( 218 )
( 215 )
Ancient Buildings and Collections
( 503 )
( 500 )
Total charitable expenditure ( 33,018 ) ( 32,873 )
Other :
On generating other income – Investment management and financing ( 2,400 ) ( 2,096 )
Total expenditure ( 35,418 ) ( 34,969 ) Net income 2,943 4,471
CONTRIBUTION
2020
2019
(£’ 000 )
(£’ 000 )
SCHOOL EXPENDITURE (£’ 000 )
1 Teaching : 12,321
2 Welfare : 3,878
3 Premises : 8,734
4 Support : 2,646
5 Other : 1,042
Total : 28,621
3
4
5
1
School income before depreciation
( 533 )
( 983 )
Depreciation
( 3,083 )
( 2,863 )
Deficit in school income
( 3,616 )
( 3,846 )
Trading , Investment and Fundraising
2,275
2,647
Net operating surplus /( shortfall )
( 1,341 )
( 1,199 )
Donations to Endowments
2,037
2,413
Donations to Kingsgate Park project
2,247
3,257
Net income 2,943 4,471
2
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