ST PETER'S COLLEGE (OTHERWISE KNOWN AS WESTMINSTER SCHOOL)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (IN FORMAT FOR CHARITY COMMISSIONERS)
| 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 312728 Year 2023/24 consolidated excl. S&B £'000 INCOMING RESOURCES Income from Charitable activities 34,919 School Fees 2,269 Other educational income 75 Other ancillary trading income Incoming Resources from Generated Funds 1,131 Investment income - Donations 584 Endowment capital 2,846 Other - Trading income Other incoming resources 7 Gain/(loss) on sale of fixed assets 290 Other 42,121 Total Incoming Resources RESOURCES EXPENDED Cost of generating funds 318 Fund raising - Trading costs 26 Finance costs of Advance Fee Scheme 798 Bank interest and other finance costs 174 Investment Management Charitable Expenditure 40,881 Schools and grant making including governance 42,197 Total resources expended (76) NET INCOMING RESOURCES 2,082 Realised and unrealised gains/(losses) on investments (251) Pension Scheme actuarial gains/(losses) 130,929 BALANCE BROUGHT FORWARD at start of year 132,684 BALANCE CARRIED FORWARD at end of year |
Year 2024/25 consolidated as audited £'000 36,933 2,856 153 1,841 353 3,235 - 228 502 46,101 444 - 127 798 133 42,844 44,346 1,755 1,907 (195) 142,643 146,110 |
Charity 1004363 Year Scholarship & Bursary Fund ('S&B') £'000 - - - 414 - - - - - - 414 - - - - - 414 414 - - - 9,959 9,959 |
Charity only 312728 Year 2024/25 consolidated excl. S&B £'000 36,933 2,856 153 - 1,427 - 353 3,235 - 228 502 |
|---|---|---|---|---|---|
| 45,687 | |||||
| 444 - 127 798 133 42,430 |
|||||
| 43,932 | |||||
| 1,755 1,907 (195) 132,684 |
|||||
| 136,151 |
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 2024 | Scholarship | 30 June 2024 | 30 June 2024 | 30 June 2025 | Scholarship | 30 June 2025 | ||
| 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 | |||
| 168,125 | 9,959 | 158,166 | FIXED ASSETS | 173,757 | 9,959 | 163,798 | ||
| 112,818 | - | 112,818 | Tangible assets | 118,009 | - | 118,009 | ||
| 35,069 | - | 35,069 | Investment assets - excluding properties | 37,879 | - | 37,879 | ||
| 18,861 | 9,959 | 8,902 | Investment properties | 2 | 17,393 | 9,959 | 7,434 | |
| 1,377 | - | 1,377 | Cash held for investment | 476 | - | 476 | ||
| 25,100 | - | 25,100 | CURRENT ASSETS | 24,684 | - | 24,684 | ||
| 2,045 | - | 2,045 | Debtors | 3,136 | - | 3,136 | ||
| 23,055 | 414 | 22,641 | Cash | 21,548 | 414 | 21,134 | ||
| (414) | 414 | Inter-Charity current accounts | (414) | 414 | ||||
| (11,739) | - | (11,739) | CREDITORS: Due within one year | (15,441) | - | (15,441) | ||
| 13,361 | - | 13,361 | NET CURRENT ASSETS/(LIABILITIES) | 9,243 | - | 9,243 | ||
| 181,486 | 9,959 | 171,527 | TOTAL ASSETS LESS CURRENT LIABILITIES | 183,000 | 9,959 | 173,041 | ||
| (38,843) | - | (38,843) | CREDITORS: Due after more than one year | (36,890) | - | (36,890) | ||
| 142,643 | 9,959 | 132,684 | TOTAL NET ASSETS before pension surplus | 146,110 | 9,959 | 136,151 | ||
| - | - | - | Pension Scheme funding surplus | - | - | - | ||
| 142,643 | 9,959 | 132,684 | NET ASSETS | 146,110 | 9,959 | 136,151 | ||
| FINANCED BY: | ||||||||
| Endowment Funds | ||||||||
| 14,618 | 9,344 | 5,274 | - Permanent | 14,739 | 9,344 | 5,395 | ||
| 40,519 | - | 40,519 | - Expendable | 42,356 | - | 42,356 | ||
| 1,001 | 615 | 386 | Restricted Funds | 3 | 1,342 | 615 | 727 | |
| Unrestricted Funds: | ||||||||
| 86,505 | - | 86,505 | - Designated and general | 87,673 | - | 87,673 | ||
| - | - | - | - Pension Reserve (deficit) | - | - | - | ||
| 142,643 | 9,959 | 132,684 | 146,110 | 9,959 | 136,151 | |||
| MC Batten | ||||||||
| Director | 04 December 2025 | 04 December 2025 |
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 prior year which resulted in a devaluation of £1,326k in 2024. No change in 2025