ST PETER'S COLLEGE (OTHERWISE KNOWN AS WESTMINSTER SCHOOL)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (IN FORMAT FOR CHARITY COMMISSIONERS)
| Year 2022/23 consolidated as audited £'000 31,695 2,056 57 1,313 358 5,331 - - 208 41,018 262 - 7 798 288 37,998 39,353 1,665 328 (182) 140,403 142,214 |
Charity 1004363 Year Scholarship & Bursary Fund ('S&B') £'000 - - - 414 85 - - - - - 499 - - - - - 414 414 85 - - 11,200 11,285 |
Charity 312728 Year 2022/23 consolidated excl. S&B £'000 INCOMING RESOURCES Income from Charitable activities 31,695 School Fees 2,056 Other educational income 57 Other ancillary trading income Incoming Resources from Generated Funds 899 Investment income (85) Donations 358 Endowment capital 5,331 Other - Trading income Other incoming resources - Gain/(loss) on sale of fixed assets 208 Other 40,519 Total Incoming Resources RESOURCES EXPENDED Cost of generating funds 262 Fund raising - Trading costs 7 Finance costs of Advance Fee Scheme 798 Bank interest and other finance costs 288 Investment Management Charitable Expenditure 37,584 Schools and grant making including governance 38,939 Total resources expended 1,580 NET INCOMING RESOURCES 328 Realised and unrealised gains/(losses) on investments (182) Pension Scheme actuarial gains/(losses) 129,203 BALANCE BROUGHT FORWARD at start of year 130,929 BALANCE CARRIED FORWARD at end of year |
Year 2023/24 consolidated as audited £'000 34,919 2,269 75 1,545 584 2,846 - 7 290 42,535 318 - 26 798 174 41,295 42,611 (76) 756 (251) 142,214 142,643 |
Charity 1004363 Year Scholarship & Bursary Fund ('S&B') £'000 - - - 414 - - - - - - 414 - - - - - 414 414 - (1,326) - 11,285 9,959 |
Charity only 312728 Year 2023/24 consolidated excl. S&B £'000 34,919 2,269 75 - 1,131 - 584 2,846 - 7 290 |
|---|---|---|---|---|---|
| 42,121 | |||||
| 318 - 26 798 174 40,881 |
|||||
| 42,197 | |||||
| (76) 2,082 (251) 130,929 |
|||||
| 132,684 |
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.
Notes
ST PETER'S COLLEGE (OTHERWISE KNOWN AS WESTMINSTER SCHOOL)
CONSOLIDATED BALANCE SHEETS
| Charity | Charity | Charity | Charity only | |||||
|---|---|---|---|---|---|---|---|---|
| 1004363 | 312728 | 1004363 | 312728 | |||||
| 30 June 2023 | Scholarship | 30 June 2023 | 30 June 2023 | 30 June 2024 | Scholarship | 30 June 2024 | ||
| consolidated | & Bursary | consolidated | consolidated | & Bursary | consolidated | |||
| as audited | Fund ('S&B') | excl. S&B | as audited | Fund ('S&B') | excl. S&B | |||
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |||
| 168,102 | 11,274 | 156,828 | FIXED ASSETS | 168,125 | 9,959 | 158,166 | ||
| 113,663 | - | 113,663 | Tangible assets | 112,818 | - | 112,818 | ||
| 32,248 | - | 32,248 | Investment assets - excluding properties | 35,069 | - | 35,069 | ||
| 21,169 | 11,274 | 9,895 | Investment properties | 2 | 18,861 | 9,959 | 8,902 | |
| 1,022 | - | 1,022 | Cash held for investment | 1,377 | - | 1,377 | ||
| 11,955 | 11 | 11,944 | CURRENT ASSETS | 25,100 | - | 25,100 | ||
| 18 | - | 18 | Stock | - | - | - | ||
| 1,962 | - | 1,962 | Debtors | 2,045 | - | 2,045 | ||
| 9,975 | 425 | 9,550 | Cash | 23,055 | 414 | 22,641 | ||
| (414) | 414 | Inter-Charity current accounts | (414) | 414 | ||||
| (7,227) | - | (7,227) | CREDITORS: Due within one year | (11,739) | - | (11,739) | ||
| 4,728 | 11 | 4,717 | NET CURRENT ASSETS/(LIABILITIES) | 13,361 | - | 13,361 | ||
| 172,830 | 11,285 | 161,545 | TOTAL ASSETS LESS CURRENT LIABILITIES | 181,486 | 9,959 | 171,527 | ||
| (30,616) | - | (30,616) | CREDITORS: Due after more than one year | (38,843) | - | (38,843) | ||
| 142,214 | 11,285 | 130,929 | TOTAL NET ASSETS before pension surplus | 142,643 | 9,959 | 132,684 | ||
| - | - | - | Pension Scheme funding surplus | - | - | - | ||
| 142,214 | 11,285 | 130,929 | NET ASSETS | 142,643 | 9,959 | 132,684 | ||
| FINANCED BY: | ||||||||
| Endowment Funds | ||||||||
| 15,696 | 10,587 | 5,109 | - Permanent | 14,618 | 9,344 | 5,274 | ||
| 37,127 | - | 37,127 | - Expendable | 40,519 | - | 40,519 | ||
| 817 | 698 | 119 | Restricted Funds | 3 | 1,001 | 615 | 386 | |
| Unrestricted Funds: | ||||||||
| 88,574 | - | 88,574 | - Designated and general | 86,505 | - | 86,505 | ||
| - | - | - | - Pension Reserve (deficit) | - | - | - | ||
| 142,214 | 11,285 | 130,929 | 142,643 | 9,959 | 132,684 | |||
| MC Batten | ||||||||
| Director | 05 December 2024 | 05 December 2024 |
Notes
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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.
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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 review.
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3 Restricted Funds of Charity 1004363 include a minority share of the ownership of the investment properties of £615k donated by Charity 312728.
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4 Investment properties owned by Charity 1004363 were revalued in the year which resulted in a devaluation of £1,326k in total.