Development
Development ..........................................................................................................
College Finances
6%
8%
From the financial statements for the year ended 31 July 2015 (see College website for the full report), all the College’s funds are committed to the pursuit of its charitable objectives.
8%
What is the breakdown of the College’s annual income?
56%
8%
2014-15 Income to the College was £40.3 million: Fees; trading (e.g. lettings and International Schools); and investment income from the College’s endowment account for 91% of the annual income. The Dulwich Estate gave the College £4.2 million of which £2.4 million (6%) went to income and £1.8 million direct to the College’s Endowment, therefore non- expendable income. £1.3 million (3%) of income is
14%
Staff costs
Other operating costs
2% 3%
Trading/finance costs
Depreciation
6%
Trading/finance costs Surplus
10%
Expenditure 2014-15
£40.3Million
Why do we need to Fundraise? Without charitable donations, the College would struggle to finance bursaries and essential building projects to improve the campus, teaching and learning. From staff professional development to offering a panoply of co-curricular and free-learning opportunities. In addition, with the launch of the ‘New Dulwich Experiment’, the College is aiming to double its bursary provision for pupils whose families would not otherwise be able to afford a Dulwich education. Given the commitment of its existing funds to the running of the school and the maintenance of the campus, this can only be achieved through further fundraising. How were the charitable donations distributed?? Last year we raised £1.32 million which was used for bursaries, the Laboratory, restricted or specific projects and awards and prizes. 58% went to bursaries and 41% was directed to the Laboratory. (Please see Distribution of Funds Raised graph on page 42)
79%
Fees & extras
Trading
Dulwich Estate
Investments
Charitable Donations
Income 2014-15
£40.3Million
How was this income spent? Staff, Operating, Trading and Finance costs along with Depreciation, account for 86% of the annual bill. £3 million was spent on Bursaries, leaving a surplus of £2.4 million which helped fund capital expenditure of £11.7 million during the year, including £9.4 million on the Laboratory, which was also funded by borrowing from the endowment.
41
Made with FlippingBook - Online Brochure Maker