Summary Balance Sheet : AT 31 AUGUST 2016
FIXED ASSETS
2016 |
2015 |
(£’ 000 ) |
(£’ 000 ) |
Tangible fixed assets |
94,827 |
88,073 |
Investments |
253,956 |
185,923 |
|
348,783 |
273,996 |
NET CURRENT ASSETS |
10,511 |
1,919 |
TOTAL ASSETS LESS CURRENT LIABILITIES 359,294 275,915 Other liabilities and provisions ( 10,734 ) ( 8,417 ) Net assets 348,560 267,498
REPRESENTED BY :
Endowed funds |
320,227 |
239,338 |
Restricted funds |
528 |
1,979 |
Unrestricted funds |
27,805 |
26,181 |
348,560 267,498
Report by the trustees on the Summarised Financial Statements The summarised financial statements on pages 50 and 51 are extracted from the full annual Report and Financial Statements , which were approved by the Warden and Fellows and signed on their behalf on 9 December 2016 and on which the auditors Crowe Clark Whitehill LLP gave an unqualified audit report on page 25 . The auditors have confirmed to the Warden and Fellows that , in their opinion , the summarised financial statements are consistent with the full financial statements for the year ended 31 August 2016 . These summarised financial statements may not contain sufficient information to gain a complete understanding of the financial affairs of the charity . The full Report of the Warden and Fellows , Financial Statements and Auditors ’ Report may be obtained from the Chief Accountant at the College .
Signed on behalf of the Warden and Fellows .
Charles Sinclair February 2017
The Wykeham Journal 2016 51