## **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** - 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 review. - 3 Restricted Funds of Charity 1004363 include a minority share of the ownership of the investment properties of £615k donated by Charity 312728. - 4 Investment properties owned by Charity 1004363 were revalued in the year which resulted in a devaluation of £1,326k in total.