Wykeham Journal 2016 | Page 54

Summary Statement of Financial Activities : FOR THE YEAR ENDED 31 AUGUST 2016
INCOMING RESOURCES
Unrestricted
Restricted
Endowed
2016
2015
Funds
Funds
Funds
Total
Total
(£’ 000 )
(£’ 000 )
(£’ 000 )
(£’ 000 )
(£’ 000 )
Income from charitable activities Gross school fees receivable
24,607
-
-
24,607
23,543
Scholarships and bursaries
( 3,267 )
-
-
( 3,267 )
( 2,431 )
Contributions to bursaries from endowed funds and donations
485
-
-
485
486
Net school fees receivable
21,825
-
-
21,825
21,598
Other income 861 - - 861 872
Income from other activities Trading income
555
-
-
555
505
Other activities
90
-
-
90
122
Investment income
63
-
1,818
1,881
1,866
Capital applied to income
2,272
535
( 2,807 )
-
-
Bank and other interest
87
21
-
108
124
Grants and donations
286
347
2,512
3,145
3,471
Other development income
52
-
-
52
89
Total incoming resources
26,091
903
1,523
28,517
28,647
EXPENDITURE
Costs of raising funds Trading costs
( 280 )
-
-
( 280 )
( 271 )
Financing costs
( 276 )
-
-
( 276 )
( 284 )
Investment management
-
-
( 697 )
( 697 )
( 591 )
Development costs :
- Fundraising
( 428 )
-
-
( 428 )
( 501 )
- Other activities
( 342 )
-
-
( 342 )
( 361 )
Total costs of raising funds
( 1,326 )
-
( 697 )
( 2,023 )
( 2,008 )
Charitable activities EDUCATION AND GRANT MAKING Teaching
( 10,567 )
( 75 )
-
( 10,642 )
( 10,137 )
Welfare
( 3,929 )
( 27 )
-
( 3,956 )
( 3,869 )
Premises repair and maintenance
( 6,615 )
( 5 )
( 770 )
( 7,390 )
( 6,847 )
Support costs of schooling
( 1,620 )
-
-
( 1,620 )
( 1,542 )
Grants , awards and prizes - Quiristers
( 60 )
( 119 )
-
( 179 )
( 196 )
- Contributions to bursaries from endowed funds and donations
-
( 485 )
-
( 485 )
( 486 )
- Other awards
( 9 )
( 36 )
-
( 45 )
( 53 )
( 22,800 )
( 747 )
( 770 )
( 24,317 )
( 23,130 )
PRESERVATION OF ANCIENT BUILDINGS AND CONTENTS
( 566 )
( 37 )
-
( 603 )
( 887 )
Total expenditure
( 24,692 )
( 784 )
( 1,467 )
( 26,943 )
( 26,025 )
Net incoming resources
1,399
119
56
1,574
2,622
Revaluation gains and losses
609
-
80,833
81,442
22,515
Transfers between funds
1,570
( 1,570 )
-
-
-
Net income and capital ( outflow )
3,578
( 1,451 )
80,889
83,016
25,137
Pension scheme actuarial losses
( 1,954 )
-
-
( 1,954 )
( 272 )
Net movement in funds for the year
1,624
( 1,451 )
80,889
81,062
24,865
Opening fund balances
26,181
1,979
239,338
267,498
242,633
Closing fund balances
27,805
528
320,227
348,560
267,498
50 The Wykeham Journal 2016