## **ST PETER'S COLLEGE (OTHERWISE KNOWN AS WESTMINSTER SCHOOL)**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (IN FORMAT FOR CHARITY COMMISSIONERS)**
|_Year_
_2019/20_
_consolidated_
_£'000_
_26,267_
_1,221_
_90_
_1,237_
_1,714_
_836_
_119_
_21_
_626_
_32,131_
_277_
_2_
_27_
_770_
_317_
_30,671_
_32,064_
_67_
_876_
_(1,492)_
_136,263_
_135,714_
_as audited &_
_as restated_|**_Charity_**
**_1004363_**
_Year_
_Scholarship_
_& Bursary_
_Fund ('S&B')_
_£'000_
_-_
_-_
_-_
_394_
_-_
_-_
_-_
_-_
_-_
_394_
_-_
_-_
_-_
_-_
_-_
_394_
_394_
_-_
-
-
_10,671_
_10,671_|**_Charity_**
**_312728_**
_Year_
_2019/20_
_consolidated_
_excl. S&B_
_£'000_
**INCOMING RESOURCES**
**_Income from Charitable activities_**
_26,267_
School Fees
_1,221_
Other educational income
_90_
Other ancillary trading income
**_Incoming Resources from Generated Funds_**
_843_
Investment income
Donations
_1,714_
Endowment capital
_836_
Other
_119_
**Trading income**
**_Other incoming resources_**
_21_
Gain/(loss) on sale of fxed assets
_626_
Other
_31,737_
**Total Incoming Resources**
**RESOURCES EXPENDED**
**_Cost of generating funds_**
_277_
Fund raising
_2_
Trading costs
_27_
Finance costs of Advance Fee Scheme
_770_
Bank interest and other fnance costs
_317_
Investment Management
**_Charitable Expenditure_**
_30,277_
Schools and grant making including governance
_31,670_
**Total resources expended**
_67_
**NET INCOMING RESOURCES**
_876_
Realised and unrealised gains/(losses) on investments
_(1,492)_
Pension Scheme actuarial gains/(losses)
_125,592_
BALANCE BROUGHT FORWARD at start of year
_125,043_
BALANCE CARRIED FORWARD at end of year|Year
2020/21
consolidated
as audited
£'000
27,405
1,113
25
1,132
1,182
403
-
1
243
31,504
305
118
22
809
356
32,098
33,708
(2,204)
9,372
1,759
135,714
144,641|**Charity**
**1004363**
Year
Scholarship
& Bursary
Fund ('S&B')
£'000
-
-
-
394
-
-
-
-
-
394
-
-
-
-
-
394
394
-
(358)
-
10,671
10,313|**Charity only**
**312728**
Year
2020/21
consolidated
excl. S&B
£'000
27,405
1,113
25
-
738
1,182
403
-
1
243|
|---|---|---|---|---|---|
||||||31,110|
||||||305
118
22
809
356
31,704|
||||||33,314|
||||||(2,204)
9,730
1,759
125,043|
||||||134,328|
## **Notes**
- 1 Charity 1004363 comprises Scholarship & Bursary Endowment Fund and Scholarship & Bursary Revenue Fund as included within the consolidated "Annual Report of the Governors and Financial Statements" for Westminster School.
## **ST PETER'S COLLEGE (OTHERWISE KNOWN AS WESTMINSTER SCHOOL)**
## **CONSOLIDATED BALANCE SHEETS**
|_30 June 2020_
_consolidated_
_£'000_
**_149,277_**
_88,093_
_40,658_
_18,750_
_1,776_
**_23,601_**
_29_
_1,812_
_21,760_
**_(5,802)_**
**_17,799_**
**_167,076_**
**_(30,675)_**
**_136,401_**
**_(687)_**
**_135,714_**
13,717
56,843
1,076
64,765
(687)
**_135,714_**
MC Batten
Director
_as audited & as_
_restated_|**_Charity_**
**_1004363_**
_Scholarship_
_& Bursary_
_Fund ('S&B')_
_£'000_
**_10,671_**
_-_
_-_
_10,671_
_-_
**_-_**
_-_
_-_
_394_
_(394)_
**_-_**
**_-_**
**_10,671_**
**_-_**
**_10,671_**
**_-_**
**_10,671_**
10,011
-
660
-
-
**_10,671_**
Thursday, Dece|**_Charity_**
**_312728_**
_30 June 2020_
_consolidated_
_excl. S&B_
_£'000_
**_138,606_**
**FIXED ASSETS**
_88,093_
Tangible assets
_40,658_
Investment assets - excluding properties
_8,079_
Investment properties
2
_1,776_
Cash held for investment
**_23,601_**
**CURRENT ASSETS**
_29_
Stock
_1,812_
Debtors
_21,366_
Cash
_394_
Inter-Charity current accounts
**_(5,802)_**
**_17,799_**
**NET CURRENT ASSETS/(LIABILITIES)**
**_156,405_**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**_(30,675)_**
**_125,730_**
**TOTAL NET ASSETS before pension defcit**
**_(687)_**
**Pension Scheme funding surplus/(defcit)**
**_125,043_**
**NET ASSETS**
**FINANCED BY:**
Endowment Funds
_3,706_
- Permanent
_56,843_
- Expendable
_416_
Restricted Funds
3
Unrestricted Funds:
_64,765_
- Designated and general
_(687)_
- Pension Reserve (defcit)
**_125,043_**
mber 02, 2021
**CREDITORS: Due within one year**
**CREDITORS: Due after more than one year**|30 June 2021
consolidated
as audited
_£'000_
**160,712**
87,509
53,704
18,595
904
**19,995**
28
1,278
18,689
**(5,878)**
**14,117**
**174,829**
**(30,686)**
**144,143**
**498**
**144,641**
14,099
66,675
922
62,447
498
**144,641**|**Charity**
**1004363**
Scholarship
& Bursary
Fund ('S&B')
_£'000_
**10,313**
-
-
10,313
-
**-**
-
-
394
(394)
**-**
**-**
**10,313**
**-**
**10,313**
**-**
**10,313**
9,675
-
638
-
-
**10,313**|**Charity only**
**312728**
**30 June 2021**
**consolidated**
**excl. S&B**
**_£'000_**
**150,399**
87,509
53,704
8,282
904
**19,995**
28
1,278
18,295
394
**(5,878)**
**14,117**
**164,516**
**(30,686)**
**133,830**
**498**|
|---|---|---|---|---|---|
||||||**134,328**|
||||||4,424
66,675
284
62,447
498|
||||||**134,328**|
|||||||
## **Notes**
- 1 Charity 1004363 comprises Scholarship & Bursary Endowment Fund and Scholarship & Bursary Revenue Fund as included within the consolidated "Annual Report of the Governors and Financial Statements" for Westminster School.
- 2 All Investment properties owned by Charity 1004363 are leased to Charity 312728. The properties were subject to a 'red book' valuation by Kutner Associates as at May 2017 and properties revalued accordingly and also the rental values were subject to a quinquennial review.
- 3 Restricted Funds of Charity 1004363 include a minority share of the ownership of the investment properties of £638k donated by Charity 312728.
- 4 Investment properties owned by Charity 1004363 were revalued by management in the year which resulted in a devaluation of £358k in total.