AnnuAL rePOrt 2011 - Winchester College

Jeff hYnAM
A MessAge froM the BUrsAr
expenditure
total expenditure in the year was £22,774,000, scholarships and prizes and most other similar
a 3.9% increase year on year. The College continued awards are awarded on the basis of merit and
its efforts to improve its teaching and boarding educational ability; bursaries are determined on
facilities through its major building maintenance the basis of need. from 2011, all funds awarded from
and refurbishment programme and balanced this the endowment (whether to parents of scholars or
with further measures to control its costs
Commoners) will be by way of a bursary.
and promote efficiency.
In the year to 31 August 2011 scholarships,
Teaching and Related Costs. £8,566,000 for the bursaries and other awards were given to 192 pupils
year, £5,938,000 of which was the cost of employing and totalled £1,621,000 (2010: 191 pupils; £1,542,000).
the teaching staff.
This represents nearly 8% of gross fee income, with
Accommodation and Welfare Costs. £3,486,000 most of the funding derived from the College’s trusts
for the year, relating mostly to the cost of running and endowments. fifty boys (2010: 51) received
the boarding houses and College premises costs. means-tested bursaries worth £713,000 (2010:
Premises Costs. The College continued to spend £620,000), the equivalent of nearly 24 full fees.
heavily on its programme to improve boarding In the current year (2011/12) 75 pupils are receiving
accommodation. total expenditure before
bursaries totalling over £1.3million, a significant
depreciation was £5,001,000. A further £2,325,000 increase. of the 75 awards already made, 39 are
was spent on school buildings, including £1,736,000 existing recipients; a further eight are current
for the refurbishment of hawkins’. Kingsgate house pupils who have not previously applied for a bursary.
is due to be refurbished during 2012.
There are 22 recipients who are new entrants into the
Support and Other Costs. £3,056,000 for the first year and a further six who are direct entries into
year, relating to a range of support functions sixth Book. forty-eight out of 75 receive bursaries
including academic administration and the registry, worth in excess of 50% of the school fee.
the bursary, development office, investment
Quiristers currently receive 40% remission of
management, audit and trading, legal and
fees at Pilgrims’ school (reduced from 50% in
professional fees and the costs of governance. september 2011) at an annual cost to the College
Grants and Awards. The governing Body is of £160,000, in addition to which a further £8,000
determined to maintain the founder’s intention was given as bursarial support. A major fundraising
to offer the best possible intellectual, and cultural campaign to provide additional bursary support
formation to boys who can best profit from it.
The Warden and fellows continue to pursue a
two-fold strategy: to redirect awards out of existing
resources towards bursaries and to increase the
total value of awards available by building
for Quiristers is under way.
the endowment. ❁ KIng of KIngs
❃ drAMAtIC InnoVAtIons
❀ A fLeMIng BoY LooKs BACK
❂ neW horIZons
✤ A gLoBAL PersPeCtIVe
Jeff hynam
Bursar & Secretary to the Governing Body
8 WINCHESTER COLLEGE
InVestIng
In the
fUtUre
AnnUAL rePort 2011 9