Wykeham Journal 2021 | Page 16

THE WYKEHAM JOURNAL 2021 TOTAL VALUE OF BURSARIES AWARDED (£)
NUMBER OF BOYS RECEIVING BURSARIES
AVERAGE VALUE OF
BURSARIES AWARDED
11 / 12 12 / 13 13 / 14 14 / 15 15 / 16 16 / 17 17 / 18 18 / 19 19 / 20 20 / 21
11 / 12 12 / 13 13 / 14 14 / 15 15 / 16 16 / 17 17 / 18 18 / 19 19 / 20 20 / 21
11 / 12 12 / 13 13 / 14 14 / 15 15 / 16 16 / 17 17 / 18 18 / 19 19 / 20 20 / 21
£ 1,311,050 £ 1,410,596
£ 1,695,963
£ 2,118,646 £ 2,981,313 £ 3,080,243 £ 3,294,000 £ 3,250,500 £ 3,332,367
£ 3,106,798
76 76
86
102 127 127 132
118 125 121
55 % 57 % 58 % 60 % 66 % 67 % 66 % 69 % 68 % 66 %
INCOME (£’ 000 )
1 Gross school fees and other school income : 29,191
2 Trading and other income : 225
3 Investment and interest income : 2,979
Fundraising : 4 New endowments : 11,771 5 Kingsgate Park project : 1,610 6 Other fundraising income : 870
Total : 46,646
EXPENDITURE (£’ 000 )
Charitable : 1 School : 28,389 2 Scholarships and bursaries : 3,334 3 Quiristers : 179 4 Ancient buildings and collections : 515
On generating income : 5 Trading : 227 6 Investment management and financing : 1,957
7 Development : – Fundraising : 435 – Other activities : 318
Total : 35,354
4
5 6
3 2 1
6
3 4 5
2
SCHOOL EXPENDITURE (£’ 000 )
7
1
INCOME AND EXPENDITURE
2021
2020
(£’ 000 )
(£’ 000 )
Income Gross school fees
29,101
28,681
Gross COVID-19 fee discount and rebate ( 1,924 )
( 2,434 )
Other school income including contributions towards bursaries
1,432
1,723
Job Retention Scheme income
582
1,432
School income
29,191
29,402
Trading and other income
225
143
Investment income
2,979
3,286
Fundraising income
14,251
5,530
Total income 46,646 38,361
Expenditure Charitable : School
( 28,389 )
( 28,621 )
Scholarships and bursaries
( 3,334 )
( 3,676 )
Quiristers
( 179 )
( 218 )
Ancient Buildings and Collections
( 515 )
( 503 )
Total charitable expenditure ( 32,417 ) ( 33,018 )
Other :
On generating other income –
Investment management and financing
( 2,937 )
( 2,400 )
Total expenditure ( 35,354 ) ( 35,418 ) Net income 11,292 2,943
CONTRIBUTION
2021
2020
(£’ 000 )
(£’ 000 )
1 Teaching : 11,049
2 Welfare : 4,090
3 Premises : 8,932
4 Support : 3,288
5 Other : 1,030
Total : 28,389
3
4
5
2
1
School income before depreciation
( 87 )
( 533 )
Depreciation
( 3,139 )
( 3,083 )
Deficit in school income
( 3,226 )
( 3,616 )
Trading , Investment and Fundraising
1,137
2,275
Net operating surplus /( shortfall )
( 2,089 )
( 1,341 )
Donations to Endowments
11,771
2,037
Donations to Kingsgate Park project
1,610
2,247
Net income 11,292 2,943
14