Financial position

Total income 2014/15
£15.8 million

Total expenditure 2014/15
£14.6 million

Trophy cabinet

Stockport Grammar School Summary Financial Position:

 

The Resources We Have Available

The full accounts of the School have become increasingly complex each year in order to comply with the ever increasing volume of accounting and regulatory disclosure requirements.  The simplified results below give a summary of the School’s financial position.  They take in the whole of the School’s income and expenditure for the year ended August 2015 but exclude gains/losses on investments.  The School generates its income from three types of activity: Operations, Charitable Investments, and Fund Raising. 

 

All income generated from these sources, after deduction of the associated expenses, is used to support the work of the School, including funding bursaries to maintain open access to the school.  Bursaries to the value of 8% of fee income were awarded to 94 pupils in the Senior School. The School continued its planned maintenance programme, and completed a number of major projects out of the incoming resources to improve the buildings and provide enhanced teaching facilities for all pupils. 

 

Stockport Grammar School: Income 2014 – 2015

Income £15.8M

accounts1

 69% Senior School fees

20% Junior School fees

5.4% meal charges

2.5% school trips

1.2% other income excluding trips

1% fundraising

0.9% investment and grants

Stockport Grammar School: How the Annual Income is spent

Total Expenditure 2014 – 2015 £14.6M

accounts2

48% teaching salaries

9% other salaries

8% bursaries

7.7% reinvestment of funds and repayment of borrowing

6.3% education costs

5.5% depreciation and interest

5% domestic costs

4% grounds and premises

2.5% administration

2.5% school trips

1.5% utilities

Stockport Grammar School Accounts 2014 – 2015

 

 

 

 

£000

 

£000

 

 

 

 

2014-15

 

2013-14

 

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

Gross Fee Income

 

 

14,081

 

13,129

 

Meal Charges

 

 

851

 

815

 

Other income

 

 

186

 

143

 

Trip Income

 

 

401

 

385

 

 

 

 

 

 

 

 

Investment/grants

 

 

147

 

136

 

Fundraising

 

 

158

 

140

 

 

 

 

15,824

 

14,748

 

Expenditure

 

 

 

 

 

 

Teaching Salaries

 

 

(7,638)

 

(7,304)

 

Other Salaries

 

 

(1,425)

 

(1,341)

 

Bursaries

 

 

(1,255)

 

(1,223)

 

Other Teaching Costs

 

 

(1,001)

 

(818)

 

Domestic Costs

 

 

(726)

 

(662)

 

Establishment;

 

 

 

 

 

 

 

Grounds

 

(124)

 

(77)

 

 

Premises

(569)

 

(614)

 

 

Utilities

 

(239)

 

(363)

 

Other Administration Costs

 

 

(354)

 

(560)

 

School Trips

 

 

(398)

 

(382)

 

Depreciation & Interest

 

 

(869

 

(790)

 

 

 

 

 

 

 

 

Net incoming resources reinvested to repay borrowings

1,226

 

965

 

and for current building projects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The School’s Assets at 31st August 2015

 

 

 

 

 

 

Land & Buildings on the School site at net book value

 

16,549

 

16,756

 

Investments held as fixed assets to generate income to provide for the payment of bursaries

 

 

2,835

 

2,909

 

 

 

 

19,384

 

19,665

 

Bank account balances plus amounts due to the School

 

2,322

 

843

 

Net Assets

 

 

21,706

 

20,508

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditure in the year was

 

 

2,858

 

766

 

 

Report by the Trustees on the summarised financial information

The above summarised financial information is extracted from the Trustees’ Annual Report and Finance Statement which were approved by the Trustees and signed on their behalf on the 8th December 2015.  The full financial statements, on which the Auditors, Crowe, Clark, Whitehill gave an unqualified audit report on the 4th December 2012 are available for public inspection.  The Auditors have confirmed to the Trustees that the summarised financial information is consistent with the full financial statement for the year ended 31st August 2015.  The summarised financial information may not contain sufficient information to give a complete understanding of the charity.  The full Trustees’ report, financial statement and auditors report may be obtained from the Bursar, Stockport Grammar School, Buxton Road, Stockport SK2 7AF.