## **ST PETER'S COLLEGE (OTHERWISE KNOWN AS WESTMINSTER SCHOOL)** ## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (IN FORMAT FOR CHARITY COMMISSIONERS)** |_Year_
_2020/21_
_consolidated_
_as audited &_
_as restated_
_£'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_**
**_312728_**
_Year_
_2020/21_
_consolidated_
_excl. S&B_
_£'000_
**INCOMING RESOURCES**
**_Income from Charitable activities_**
_27,405_
School Fees
_1,113_
Other educational income
_25_
Other ancillary trading income
**_Incoming Resources from Generated Funds_**
_738_
Investment income
Donations
_1,182_
Endowment capital
_403_
Other
_-_
**Trading income**
**_Other incoming resources_**
_1_
Gain/(loss) on sale of fixed assets
_243_
Other
_31,110_
**Total Incoming Resources**
**RESOURCES EXPENDED**
**_Cost of generating funds_**
_305_
Fund raising
_118_
Trading costs
_22_
Finance costs of Advance Fee Scheme
_809_
Bank interest and other finance costs
_356_
Investment Management
**_Charitable Expenditure_**
_31,704_
Schools and grant making including governance
_33,314_
**Total resources expended**
_(2,204)_
**NET INCOMING RESOURCES**
_9,730_
Realised and unrealised gains/(losses) on investments
_1,759_
Pension Scheme actuarial gains/(losses)
_125,043_
BALANCE BROUGHT FORWARD at start of year
_134,328_
BALANCE CARRIED FORWARD at end of year|Year
2021/22
consolidated
as audited
£'000
30,050
1,412
114
1,478
1,177
284
-
12
19
34,546
297
-
7
798
368
34,460
35,930
(1,384)
(2,389)
(465)
144,641
140,403|**Charity**
**1004363**
Year
Scholarship
& Bursary
Fund ('S&B')
£'000
-
-
-
394
-
-
-
-
-
394
-
-
-
-
-
394
394
-
887
-
10,313
11,200|**Charity only**
**312728**
Year
2021/22
consolidated
excl. S&B
£'000
30,050
1,412
114
-
1,084
1,177
284
-
12
19| |---|---|---|---|---|---| ||||||34,152| ||||||297
-
7
798
368
34,066| ||||||35,536| ||||||(1,384)
(3,276)
(465)
134,328| ||||||129,203| **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 2021_
_consolidated_
_as audited &_
_as restated_
_£'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_**
MC Batten
Director|**_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_**
23 March 2023|**_Charity_**
**_312728_**
_30 June 2021_
_consolidated_
_excl. S&B_
_£'000_
**_150,399_**
**FIXED ASSETS**
_87,509_
Tangible assets
_53,704_
Investment assets - excluding properties
_8,282_
Investment properties
_904_
Cash held for investment
**_19,995_**
**CURRENT ASSETS**
_28_
Stock
_1,278_
Debtors
_18,295_
Cash
_394_
Inter-Charity current accounts
**_(5,878)_**
**CREDITORS: Due within one year**
**_14,117_**
**NET CURRENT ASSETS/(LIABILITIES)**
**_164,516_**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**_(30,686)_**
**CREDITORS: Due after more than one year**
**_133,830_**
**TOTAL NET ASSETS before pension surplus**
**_498_**
**Pension Scheme funding surplus**
**_134,328_**
**NET ASSETS**
**FINANCED BY:**
Endowment Funds
_4,424_
- Permanent
_66,675_
- Expendable
_284_
Restricted Funds
Unrestricted Funds:
_62,447_
- Designated and general
_498_
- Pension Reserve (deficit)
**_134,328_**
|30 June 2022
consolidated
as audited
_£'000_
**160,980**
87,817
49,449
21,095
2,619
**16,601**
28
1,673
14,900
**(6,633)**
**9,968**
**170,948**
**(30,545)**
**140,403**
**-**
**140,403**
15,485
62,438
862
61,618
-
**140,403**|**Charity**
**1004363**
Scholarship
& Bursary
Fund ('S&B')
_£'000_
**11,200**
-
-
11,200
-
**-**
-
-
394
(394)
**-**
**-**
**11,200**
**-**
**11,200**
**-**
**11,200**
10,507
-
693
-
-
**11,200**|**Charity only**
**312728**
**30 June 2022**
**consolidated**
**excl. S&B**
**_£'000_**
**149,780**
87,817
49,449
9,895
2,619
**16,601**
28
1,673
14,506
394
**(6,633)**
**9,968**
**159,748**
**(30,545)**
**129,203**
**-**| |---|---|---|---|---|---| ||||||**129,203**| ||||||4,978
62,438
169
61,618
-| ||||||**129,203**| ||||||| ## **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 June 2022 and properties revalued accordingly and also the rental values were subject to a quinquennial - 3 Restricted Funds of Charity 1004363 include a minority share of the ownership of the investment properties of £693k donated by Charity 312728. - 4 Investment properties owned by Charity 1004363 were revalued in the year which resulted in a revaluation of £887k in total.