Investing in the future
Transcription
Investing in the future
Investing in the future WINCHESTER COLLEGE ANNUAL REPORT 2010 Welcome to Winchester College Contents From the Warden & the Headmaster Sir David Clementi & Dr Ralph Townsend 2 A Financial Report from the Bursar Jeff Hynam 5 Investing in the future—Jonathan Davis Bursaries – the way forward—Paul Dennett A view from the East—Priscylla Lim A chance to shine—Jen Weeks Meeting the carbon challenge—Oliver Thorold A sporting chance—Sam Hart 8 10 14 18 22 26 A Report from the Chairman of the Investment Committee Mark Loveday 30 Summary statement of financial activities 32 Summary balance sheet 33 A Report from the Chairman of the Development Committee Robert Woods 34 Acknowledgements Benefactors, Patrons, Donations and Legacies 38 Governing Body and Committees 48 Contact details Welcome to our annual report for 2010, the year in which Winchester College became a Registered Charity. Whilst this marks a new development in the School’s charitable status, the educational benefit we offer has been accessible to a wide constituency for over 600 years. In 1382, the Founder, William of Wykeham, put up buildings in which seventy poor boys could live and learn, funded entirely out of the endowment he left. That principle has been in place ever since. The reforms in funding procedure stimulated by the Charity Commissioners are consistent with Winchester’s pursuit not of elitism but of excellence. And this excellence is shared and broadened not only in creating access for boys of ability who want to join our school, but also through our commitment to the community. inside back cover In this annual report we tell the continuing story of the School’s activities and developments as well as offering a transparent account of its current financial position. WINCHESTER COLLEGE ANNUAL REPORT 2010 1 From the Warden & the Headmaster Looking back over the past year, the School is in good heart. The first results of the Cambridge Pre-U examination, of which Winchester is the flagship, were excellent and justify our decision to embrace this more challenging credential to underpin our senior academic programme. Sir David Clementi (E, 1962-67) & Dr Ralph Townsend Sir David Clementi Warden & Dr Ralph Townsend Headmaster The Winchester Bibles Exhibition will be the central event of 2011. All members of the Winchester College Society and the Friends of the College will be invited to come and see it. Sir David Clementi Warden Dr Ralph Townsend Headmaster The year 2011 sees the four-hundredth anniversary of the publication of the King James Version of the Bible. Exhibitions are planned all over the country to celebrate what is commonly recognised as one of the great literary achievements in the history of English literature. of the Gospels, the Acts of the Apostles and the Book of Revelation for the KJV. This work he carried out in the Warden’s Lodgings, in the room which now bears his name and holds the unique collection of foreignlanguage bibles bequeathed by him to the College. Winchester College was intimately involved in the production of the KJV and we shall be holding our own exhibition in School over the summer months. John Harmar (1555-1613), Headmaster (1588-1595) and Warden (1596-1613) was one of the great Greek scholars of his day, holding the post of Regius Professor of Greek at Oxford from 1585-1590. He was responsible for the first Greek book printed at Oxford, and in 1604 he was assigned as one of the Oxford scholars to work on the translation WINCHESTER COLLEGE ANNUAL REPORT 2010 Until last year, Winchester did not possess a first edition of the KJV, but this ironic gap was filled when the Warden and Fellows collectively donated that volume, now placed in a display case specially made for it and housed in the Warden Harmar Room. This volume will be the centrepiece of the exhibition currently being arranged by the Fellows’ Librarian, Dr Geoffrey Day, with the professional assistance of Mr Paul Quarrie. The exhibition will be open to the general public during August. In September all Wykehamists will be introduced to the exhibition as part of their Div programme, and schools from around the county will also be given an opportunity to visit. 2 Looking back over the past year, the School is in good heart. The first results of the Cambridge Pre-U examination, of which Winchester is the flagship, were excellent and justify our decision to embrace this more challenging credential to underpin our senior academic programme. Our Oxbridge and US Ivy League numbers continue to be high. Several of our 2010 leavers won prestigious awards to US universities. Our success in cricket, rackets and fives places Winchester at the top of those sports nationally. Sam Hart comments on the progress of sport in the School in pages that follow. Music permeates the School’s daily life, as is evidenced in the regular recordings produced by Chapel Choir and by Glee Club’s performances of such summits of the repertoire as Bach’s B Minor Mass (performed in the Cathedral in November 2010). As Jonathan Davis notes in this report, Winchester has in recent years eschewed any tendency to be insular. As a matter of custom we welcome many visitors to the School as part of our academic programme. For several years now two boys from the Johannes Kepler Grammar School in Prague, with the status of Exhibitioner, have joined us for the whole of Common Time, reminding Wykehamists they are not always the best mathematicians in Europe! Since 2006 we have held a Winchester Symposium twice a year, in February and November, when sixth formers from various girls’ schools join our boys for a Sunday of specialist advanced study. The day is planned around four subject areas (there is a different combination for WINCHESTER COLLEGE ANNUAL REPORT 2010 each symposium). An invited guest expert leads the day, in which a key-note talk is followed by group projects and discussion. A formal lunch is held in School to provide an opportunity for wider intellectual and social engagement. The symposium held in November 2010 was the tenth in the series and was made up of groups working in Art History, Economics, German and Design Technology and included girls from Downe House, Midhurst Rother College (for more on our links with MRC see the article on Jen Weeks later), St Swithun’s and City of London Girls. Other meetings have included girls from St Mary’s Calne, St Mary’s Ascot, North London Collegiate and Godolphin School, Salisbury. At the annual Studium (a regular feature since 2002), held in October, when normal lessons are suspended for a day, the School welcomed among its guest speakers Sir Sherard Cowper-Coles (on Afghanistan), John Pilkington (on ‘The Axis of Evil’), Alex Figden and Josh Ellis (on information security), Charles Barda, Adrian Hornsby, William Shield and Malcom Moore (on China), Ava Easton (on research on encephalitis), Rear Admiral John Lippiett (on the Mary Rose), Robert Hall (on the news machine), Lord Lawson (on global warming policy), Anthony Smith (on Charles Darwin), Oliver Kamm (on the economy), Bishop Michael Nazir-Ali (on the place of moral and spiritual tradition in decision-making in the public sphere), Professor Peter Littlewood (on chaos theory) and Anil Gupta (on writing comedy). Dons’ Common Room continues to be a lively, scholarly, harmonious assembly of excellent teachers and schoolmasters, and the pastoral care of the boys is in the hands of a team of highly professional Housemasters. 3 A Financial Report from the Bursar Jeff Hynam The Governing Body underwent a thorough appraisal by the Chairman of the Association of Governing Bodies of Independent Schools in November and was judged to be carrying out its affairs very effectively. Two new Fellows have joined the Governing Body, Mr Charles Sinclair (B, 1961-66), and Dr Peggy Frith of New College. Our registrations for places in the School up to 2014 have never been healthier. We feel confident about our future and our distinctive place in British and international education. Various important events are planned around the world during the coming year. At home, the most significant among them will be an Ad Portas ceremony, to be held in May, at which twenty-five Old Wykehamist Fellows of the Royal Society and Fellows of the British Academy will be accorded the College’s highest honour in being presented formally to the School in Chamber Court. The Winchester International Symposium which met for the first time in Winchester last March, will this year meet in Nashville Tennessee, where two VI Book Wykehamists will join eighteen of their peers from around the world to study and write together on the theme of Health Care. Immediately after the Symposium the Headmaster, the Registrar and the two boys will take part in a day conference with the Education Faculty at the University of Pennsylvania. In April there will be a major gathering of the Winchester community in Hong Kong, with the Headmaster present; entertainment will be provided by young OWs WINCHESTER COLLEGE ANNUAL REPORT 2010 currently studying at university who will form a close-harmony choir as a specially-constituted Cantores Episcopi. The Headmaster will address an international conference organised by Chinese educationists in New York in July (as he did in Beijing last summer). While Paul Dennett, in his article which follows, alerts us to the risk in means-testing for all scholarships, the quality of Election candidates in recent years has been as good as ever. Priscylla Lim, in her appreciation of Science at Winchester, rightly observes that we will not compromise quality by exploiting the popularity of our ‘brand’. We do not shrink from searching for solutions to challenges ahead, not least the issues of sustainability described by Oliver Thorold in later pages. Our registrations for places in the School up to 2014 have never been healthier. We feel confident about our future and our distinctive place in British and international education. Our ability to enhance access for those who cannot afford the fees without financial assistance is growing all the time, thanks to those generous donors who support our commitment to building up the endowment for bursaries and for the maintenance of the Quiristers. We are most grateful for that support. The College’s subsidiaries are wholly-owned, carry out trading activities and donate their profits to the College through gift aid to benefit its charitable activities. Both traded profitably and the group’s trading activities contributed a net £231,000, a 13% improvement on the previous year. Winchester College Enterprises had a particularly good year. Jeff Hynam Bursar & Secretary to the Governing Body On a group basis the College generated an operating surplus of £947,000 in the year to 31 August 2010. Income increased at a greater rate than expenditure resulting in a healthier end-of-year position compared with the previous year. In addition to fees the College generates income through trading, investments and fund-raising. The College continued its programme of major refurbishment of boarding houses, which made up a significant proportion of the total expenditure on capital projects of £2.1m. Income. The College’s accounts are consolidated to incorporate the results of its two trading subsidiaries, Beam Design Limited and Winchester College Trading Company Limited. Sir David Clementi Warden Gross income for the year was £24m, an increase of 1.6% on the previous year. Of this gross fee income was £19.3m, also an increase of 1.6%. Although fees were put up by 3.5%, pupil numbers were slightly lower than the previous year. Dr Ralph Townsend Headmaster 4 WINCHESTER COLLEGE ANNUAL REPORT 2010 For the third year in a row investment income held steady at just under £1.4 million. The College’s total return approach added a further £743,000 of funds for use by the College. Less positively, interest receivable fell significantly for the second year running as a result of continuing low levels of interest. Grant and donation income increased by £158,000 (10.4%) to £1,675,000. With the introduction of the Wykeham Campaign in spring 2008 to support and increase three key elements of the College’s charitable activities, provision of bursaries, maintenance of the Quirister choral foundation and the preservation of the College’s ancient buildings, the College invested significant time and resources in its fundraising effort and this continuing growth in donations received is encouraging. Expenditure. Total expenditure, including scholarships and bursaries, increased by 0.2% to £23.1m. That costs increased at a slower rate than income reflected the College’s efforts to control its costs and promote efficiency, rather than any reduction in the level of its activities or cutting back on its efforts to improve its teaching and boarding facilities through its major building maintenance and refurbishment programme. 5 For the third year in a row investment income held steady at just under £1.4 million. The College’s total return approach added a further £743,000 of funds for use by the College. 5 4 3 2 Jeff Hynam Bursar & Secretary to the Governing Body 1 Income % 1 Gross school fee income Income 1 Gross school fee income 2 Investment income 3 Interest receivable 4 Grants and donations receivable 5 Trading and other income Total income Expenditure Revenue expenditure 1 Teaching 2 Accommodation and welfare 3 Premises, repairs and maintenance 4 Scholarships and bursaries 5 Quiristers 6 Ancient buildings and collections 7 Support and other costs Total expenditure Net income Capital expenditure (£’000) 19,303 1,383 115 1,675 1,580 24,056 (£’000) 8,454 3,684 6,023 1,542 179 301 2,926 23,109 947 2,138 Teaching and related costs. £8.5m for the year, £7.0m of which was the cost of employing teaching staff. The number of bursaries at the ‘higher end’ has also increased steadily. In 2010/11 one pupil is fully funded, including ‘extras’; two other pupils receive bursaries in excess of 90%, and four more in excess of 80%. A total of 26 out of the 48 receive bursaries in excess of 50% and forty out of the 48 in excess of 30%. Accommodation and Welfare Costs. £3.7m for the year, relating mostly to the cost of running the boarding houses and College Premises Costs. The College continued to spend heavily on its programme to improve boarding accommodation. Total expenditure before depreciation was £4.5m. In addition £1.9m was spent on School buildings, including £1.4m on the refurbishment of Du Boulay’s. A similar refurbishment is currently being undertaken in Hawkin’s and Kingsgate House is scheduled for 2011/12. Support and Other Costs. £2.9m for the year, relating to a range of support functions including academic administration and the registry, the bursary, development office, investment management, audit and trading, legal and professional fees and the costs of governance. Grants and Awards. These include scholarships, bursaries, Quiristers and other awards. In the year to 31 August 2010 scholarships, bursaries and other awards were given to 191 pupils and totalled £1.5m (2009: 184 pupils; £1.5m). This investment represents nearly 8% of gross fee income, with most of the funding derived from the College’s trusts and endowments. 51 boys (2009: 41) received meanstested bursaries worth £620,000 (2009: £422,000), the equivalent of over 21 full fees. In the current year (2010/11) 48 pupils are receiving means-tested bursaries totalling £701,000. The total ‘spend’ on bursaries has increased significantly over the last eight years, as has the average value per applicant. WINCHESTER COLLEGE ANNUAL REPORT 2010 6 The policy of the Warden and Fellows in regard to awarding grants is consistent with the furtherance of the Charity’s Objects. Scholarships and prizes and most other similar awards are awarded on the basis of merit and educational ability; bursaries are determined on the basis of need. From 2011 all funds awarded from the endowment (whether to parents of Scholars or Commoners) will be by way of a bursary. Over time it is the College’s aim to be in a position to raise enough endowment to fund the equivalent of 10% of the College on full bursaries and a further 20% on an average of half a bursary (i.e. about 200 boys on an average bursary of 66%). It is hoped to achieve this objective by the year 2017. The Quiristers continue to receive 50% remission of fees at Pilgrims’ School and the cost of this to the College was £158,000 (2009: £150,000). This automatic remission will reduce to 40% from September 2011; a fund-raising campaign to provide bursary support for Quiristers has commenced. 2 Investment income 3 Interest receivable 4 Grants and donations receivable 5 Trading and other income 80.2 5.7 0.5 7.0 6.6 7 5 6 4 1 3 2 Expenditure % 1 Teaching 36.6 15.9 Premises, repairs and maintenance 26.0 Scholarships and bursaries 6.7 Quiristers 0.8 Ancient buildings and collections 1.3 Support and other costs 12.7 2 Accommodation and welfare 3 4 5 6 7 Jeff Hynam Bursar & Secretary to the Governing Body WINCHESTER COLLEGE ANNUAL REPORT 2010 7 Investing in the future Intellectual curiosity and an appreciation of the beauty of physical environment are the two great debts that I owe to Winchester and the reason I continue to take an active interest in the School. Jonathan Davis (Coll, 1967-71), our guest editor this year, arrived at Winchester in 1967. He is encouraged to find that the College is embracing new ideas and looking forward, not back. The Winchester experience shapes all of us in different ways, not all of them evident at the time. I never expected that my working life, after a relatively conventional start as a professional journalist, would turn into a portfolio career, with alternating periods of full-time and self employment across a wide range of different activities: writing, editing, publishing, consulting, researching, and most recently, managing, fundraising and advising in the investment business (with the game of bridge as a compelling sideline). ‘Independent and enquiring mind; thinks straight and communicates well: cheerfulness allied to antinomian tendencies’ was roughly how my housemaster, Martin Scott, categorised this student at the time, and with the exception perhaps of the antinomian tendencies (a phrase which I remember having to translate rather loosely for the benefit of my mother), that would sum up quite well for me what a Wykehamical education instils in those fortunate enough to be able to experience it. What a portfolio career lacks in terms of stability and accrued pension benefits is more than compensated for, I have found, by a richer variety of experience and the freedom to think and structure one’s life independently. It has led me, variously, to be a founding shareholder in The Week; the investment director of a Brazilian farmland fund; a regular newspaper columnist In The Independent and WINCHESTER COLLEGE ANNUAL REPORT 2010 Jonathan Davis Financial Times for 15 years; the author of three books (with two more in the pipeline); an adviser to some colourful businessmen; a non-executive director of several companies; creator of the Independent Investor website; and, not least, for six years unpaid chairman of the Savile Club, a wonderful institution in London’s West End (pictured, right), whose motto ‘Leave your halo in the hall’ perfectly sums up its members’ ingrained aversion to pomposity and selfregard in all their forms. (I am happy to say that we have been able to recruit several young Wykehamists in the past 12 months, helped by our low starting subscription rates for recent graduates). Intellectual curiosity and an appreciation of the beauty of physical environment are the two great debts that I owe to Winchester and the reason I continue to take an active interest in the School. The five short features that follow illustrate, I hope, that the College continues to combine its traditional high academic standards with an ability to adapt to new external challenges. There have been occasions when, in my experience, the School has seemed somewhat insular and overly willing to rest on its laurels. In researching these stories, however, I detect encouraging evidence that the pace of innovation is accelerating and a willingness to reach out to a wider community and embrace its concerns is being energetically embraced within the School’s beautiful, but (as Oliver Thorold helpfully reminds us) far from modern or efficient physical infrastructure. Jonathan Davis 8 WINCHESTER COLLEGE ANNUAL REPORT 2010 9 Bursaries – the way forward Academic strength has always been at the heart of the School’s distinctive appeal, and continuing to ensure that Winchester draws the most able pupils will be the great challenge as the new system is phased in. Paul Dennett (Coll, 1988-93) was the beneficiary of financial support as a Wykehamist. Now he makes a career out of helping others enjoy the same advantage. WINCHESTER COLLEGE ANNUAL REPORT 2010 Paul Dennett 10 WINCHESTER COLLEGE ANNUAL REPORT 2010 11 775,000 48 620,124 51 422,360 41 368,074 35 332,976 34 303,390 17 05/06 Paul Dennett, a 36-year-old fundraising consultant, is a poster child for the bursary scheme which is set to become the dominant form of financial assistance offered by Winchester to attract boys of high academic potential to the School. When he arrived as a Collegeman in 1988, he was one of only two boys from a state school to be on that year’s scholarship roll, his place funded by a combination of automatically remitted fees (the standard scholarship arrangement, now being phased out) and by bursaries donated anonymously by Old Wykehamists and others. To this day he does not know who the benefactors were who enabled his parents, a primary school teacher and retired CEGB engineer from Lymington in Hampshire, to send him to Winchester. Nor does he know quite why he was chosen, since his own comprehensive was unable to teach him (or either of his two brothers) the trigonometry that was needed to answer most of the questions in the maths scholarship exam, and he does not remember shining in any particular subject. It may have helped, he thinks now, looking back, that when he was called for interview he had not yet decided whether the unexpected opportunity to pursue a Winchester education was right for him. He therefore perhaps felt he had little to lose and answered more boldly than he felt. WINCHESTER COLLEGE ANNUAL REPORT 2010 As only one of two children from a comprehensive amongst a crowd of former prep school boys, albeit one who had shown a voracious appetite for reading every book he could find in his parents’ house, his first reward on arriving at the School was to be given the nickname ‘Kevin’ by his fellow Collegemen, a teenage gesture that he was more than happy to take in his stride. It helped, he recalls, that he was 14 on the day he arrived and therefore older, physically larger and more socially experienced than his contemporaries, many of whom, he recalls, ‘had yet to meet, let alone go out with, a girl’. Although he spent a good part of his five years at the School in a lower set than his fellow scholars, reflecting how far behind in his learning he was on his arrival, he more than made up for it with his energetic involvement in extra-curricular activities. These included a lot of sport, notably squash, running and Winchester Football (which he loved), time in the CCF and enthusiastic participation in theatre set design and stage management. He looks back on his time at the School as hugely rewarding, both for what he learnt, and for the close friendships he was able to forge in a close-knit community. His time at Winchester over, Mr Dennett went on to read psychology at University College, London, and since then to a career, appropriately enough, as a professional fundraiser and development officer, with a particular emphasis on secondary and higher education. His interest, he says, was sparked in part by reflecting on his own good fortune in being chosen for Winchester and in part by his early involvement in a school telephone campaign (the first of several). 12 After eight years in a variety of roles, including Deputy Director of Development, at UCL, he moved to a job as head of Charitable Giving at the British Library, and since 2007 has worked as a partner in a specialist consultancy firm which advises schools and universities, amongst others, on their development campaigns. Winchester has been one of the beneficiaries of his professional advice, and he himself has been a regular donor, while acknowledging that he is unlikely to be able to repay the £150,000 odd of fees that his five years at the School would cost, at current prices. He looks back on his time at the School as hugely rewarding, both for what he learnt, and for the close friendships he was able to forge. While very pleased with the School’s overdue decision to put its development campaign into full-time professional hands, he confesses to mixed feelings about the plan to phase out automatic remission of fees for scholars in favour of a 100% commitment to means-tested bursaries. ‘On the one hand I am delighted that the School will be offering more boys like me the opportunity to share in a first class education. Despite initial concerns I might have had about the move to 100% means testing putting off applicants, I hear that demand for places in College remains as buoyant as ever’. Academic strength has always been at the heart of the School’s distinctive appeal, and continuing to ensure that Winchester draws the most able pupils will be the great challenge as the new system is phased in. WINCHESTER COLLEGE ANNUAL REPORT 2010 06/07 07/08 08/09 09/10 10/11 Bursaries awarded Bursary investment (£) Number of pupils awarded bursaries Investing in bursaries Since the Governing Body decided in September 2005 to reduce the value of scholarships, greater and greater funds have become available for bursaries. This has allowed the School not just to offer bursaries to more pupils, but also to deepen those bursaries by increasing the average value per award, raising the threshold where parents qualify for bursaries and offering more and more ‘high end’ awards. At the same time there is no slackening in demand for election to College with both the number and quality of applicants remaining robust. In the 2005/2006 academic year bursaries totalling £303,000 were awarded to just 17 pupils. In the 2009/2010 year, £620,000 was awarded to 51 pupils. In the current year more than £700,000 has already been awarded, with one pupil fully funded, including ‘extras’, two receiving bursaries in excess of 90% and four more in excess of 80%. A total of 26 receive more than 50% help with school fees. 13 A view from the East One of the things that impressed me most about Winchester was that it continues to put its commitment to a first class education above the easy commercial gains which could be had by turning the Winchester ‘brand’ into a profit-driven entity. Ryan Lim (F, 2003-07) remembers Science School and its dons with particular gratitude. Here his mother records the value of an excellent British education from the Asian perspective. WINCHESTER COLLEGE ANNUAL REPORT 2010 Priscylla Lim 14 WINCHESTER COLLEGE ANNUAL REPORT 2010 15 1 5 2 4 3 Expenditure (£) 1 Teaching staff Boys from families living overseas, the majority of them Asian, now account for one in eight of the intake at Winchester, and their parents provide a useful alternative perspective on the School as it is seen from the other side of the globe. Priscylla Lim, a businesswoman and philanthropist whose son Ryan Lim spent four years in Chawker’s, says that one of the things that impressed her most about Winchester was that it continues to put its commitment to a first class education above the easy commercial gains which could be had by turning the Winchester ‘brand’ into a profit-driven entity. A certain otherworldliness is part of the School’s charm, she says, and it was one of the reasons why, having decided that a British public school education was best for her son, she chose Winchester in preference to the alternatives, some with grander pretensions. She doubts that the satellite establishments which some other public schools are starting to set up in Asia, in order to tap into the strong regional demand for high quality English education, can ever offer an experience to match that of physically attending school in England. Nor does she favour the habit of parents sending boys from overseas to spend their last year only at school in England. Far better than this ‘polishing off ’, in her view, is that boys should have the benefit of a WINCHESTER COLLEGE ANNUAL REPORT 2010 full five years of the English experience, not just to get used to living in a colder climate, but also to ensure that they gain as much as possible from the teaching and pastoral care provided by the dons, who in her eyes are ‘the real unsung heroes’ of the Wykehamist experience. As for Ryan, she says, ‘he loved it from day one — the dorm, living with a whole group of boys, going into town, the seasons, the way the dons taught, the beautiful surroundings. At age 13, Singapore boys are well-equipped to take notes, keep books tidy, hand in homework, so the work part was not a big problem. Of course, it is for the parents and the school to be convinced themselves that the boy is ready for boarding school life’. To Asian eyes the quirks of life at Winchester can also be a source of amusement, it seems. Mrs Lim describes her son’s dismay at finding, at the start of a new school year, that his bed in Chawker’s had been placed under a beam, which might be considered inauspicious by many Chinese. When the issue was raised with Ryan’s housemaster Nick MacKinnon, he told him, in time-honoured fashion, to ‘get on with it’. Undeterred, Ryan and his room-mate removed the bolts which anchored their beds to the floor, moved them around so that neither was any longer under the offending beam and placed a mat over the evidence of their manoeuvre. It remained undetected for the rest of the year. Clearly a resourceful boy, who raced through his exams, Ryan left the School after just four years to return for his national service in Singapore, before going on to read Law at Oxford. Mrs Lim subsequently decided to make a donation of his fifth year’s fees in recognition of all that the dons had done for him. 16 ‘Winchester lives up to its vision and the dons lead by example’ she says, naming John Cullerne, a physics don and housemaster of Trants, as a particular inspiration. The two things Ryan gained most from Winchester were ‘enjoyment in intellectual challenge, and the friends he has made. Worst thing — he’s learned about English beer, which smells awful to me!’ The other thing that defeated her was Winchester College Football: ‘a tug-of-war plus football-of-sorts whilst hanging on for dear life to a rope, played on a muddy field — I’ve never quite understood the rules nor charms of this Winchester game’. Boys should have the benefit of a full five years of the English experience to ensure that they gain as much as possible from the teaching and pastoral care provided by the dons, ‘the real unsung heroes’ of the Wykehamist experience. Asked for his suggestions as to how the donation might be used, Ryan himself, says his mother, professed indifference to the fate of the School buildings, but felt the Science School was the place where he had been most inspired and therefore wanted to benefit the most. The fruit of her donation can be seen today in three proud additions to Science School; a bust of Darwin, a large mural representation of the periodic tables and, most intriguing of all to an enquiring young mind, a working wind tunnel. WINCHESTER COLLEGE ANNUAL REPORT 2010 7,011 1,443 3 Boarding house and other staff 5,523 4 Bursaries, Quiristers and Ancient Buildings 2,022 5 Premises and other costs 7,110 2 Teaching other costs Shaping the future A Winchester education is unique. Our pupils enjoy good teaching and our dons enjoy the liveliness of bright pupils. Our aim is to foster a network of good relationships and to ensure a high level of individual support. Everything we do at Winchester is an aspect of our care of the boys. We think of ourselves as a network of friends: subject dons, Div dons and chaplains up to books, and Housemasters with their teams of tutors, matrons and other staff up to House, underpin this network of support. More than £5 of every £10 of our expenditure is spent on staff, with £3 of that going directly to teaching. Add to that the non-staff costs of teaching, and nearly £4 in every £10 is spent on the classroom, even before taking into account the costs of maintaining and improving our teaching facilities — the div rooms, laboratories, practice rooms and workshops which all contribute so much to a Winchester education. 17 A chance to shine The programme gives our students a wider learning and cultural experience than they would otherwise expect to have. In a rural area like ours, they typically don’t come into contact with such a diverse group of people and this is an opportunity to broaden their horizons. Two new initiatives give pupils from a state school in Midhurst the opportunity to be taught by Winchester dons and set their sights on Oxbridge. WINCHESTER COLLEGE ANNUAL REPORT 2010 Miss Jen Weeks, Assistant Principal, Midhurst Rother College 18 WINCHESTER COLLEGE ANNUAL REPORT 2010 19 Working with MRC is an important part of the Community Service programme at Winchester, involving 50 staff and 300 boys in weekly outreach activity. Twenty-four students at Midhurst Rother College, an academy in the West Sussex town of Midhurst, have been able to experience the teaching of Winchester College dons as part of a recent initiative to forge greater links between the independent and state school systems. The scheme has been running since January 2009, when the new academy formally opened, and may yet develop into a more extensive collaboration if the enthusiastic response of the inaugural group of students is anything to go by. Jen Weeks, Assistant Principal at Midhurst Rother College, believes that the programme is already well on the way to achieving its objective, which is to raise the educational aspirations of students and their parents at the newly formed academy. The opening of the academy two years ago was part of a wider reorganisation of secondary education in the Rother Valley, a 400 square mile rural catchment area which incorporates the towns of Midhurst and Petworth. The decision to form a link with Midhurst Rother College rather than with another maintained school has a certain historical resonance in that towards the end of the nineteenth century there were several Wykehamist headmasters of Midhurst Grammar School and for a time the school included Winchester Division in its curriculum. Winchester’s decision to contribute the time and expertise of its dons is a WINCHESTER COLLEGE ANNUAL REPORT 2010 continuation of that tradition, as well as a statement of intent about the School’s enthusiasm to share resources and ideas with the state sector. The Local Governing Body of the academy is chaired by David Anderson (Coll, 1969-71), who worked in investment banking after an earlier career in the Army, and includes several others with strong Wykehamist connections, among them the current Headmaster and Michael St John Parker, a one-time don and now Fellow of Winchester College, who gave up the exhilarating task of teaching late 19th century economic history to Wykehamists (myself included) to become the Headmaster of Abingdon School. ‘Throughout my career as a soldier and as a banker,’ Mr Anderson, declares on the Midhurst Rother College website, ‘I have always valued the knowledge, sense of intellectual enquiry and analytical ability that I was encouraged to develop at school’. Two separate programmes involving Winchester College, one funded by the academy and the other by a charity established by City investment bankers, have been established to help academically-minded students realise their own personal ambitions. The first programme, known as the Aspire programme, enables 24 of the most academically-gifted GCSE students to spend two days at Winchester, where they are taught maths and science by dons, lunch in College Hall and have the opportunity to mix socially with Winchester College boys. Students on this programme also visit St John’s College, Oxford and learn more about the benefits of an Oxbridge education, a destination which in normal circumstances they might never think of entertaining. 20 The second programme, known as Shine, for Year 7 students, enables two dozen 11-year-olds to spend 10 Saturday mornings over the year in lessons at Winchester, with an option of being mentored by 4th year Winchester boys (a practice that might have been quite dangerous in my time). ‘The programme’ says Miss Weeks ‘gives our students a wider learning and cultural experience than they would otherwise expect to have. In a rural area like ours, they typically don’t come into contact with such a diverse group of people and this is an opportunity to broaden their horizons’. Contributing the time and expertise of dons from the School is a statement of intent about Winchester’s willingness to share resources and ideas with the state sector. Feedback to date from both students and parents for both schemes has been very positive, so much so that more than half of the group which visited Oxford now say that they are considering applying to Oxbridge and most also, reports Miss Weeks, with undisguised enthusiasm, now ‘cannot wait to get to lessons on Saturday mornings’. The hope is that students on the Shine programme, which runs for three years, will graduate in due course to the Aspire programme and set their sights, if appropriate, on a place at Oxbridge. WINCHESTER COLLEGE ANNUAL REPORT 2010 Realising potential Midhurst Rother College is an Academy opened in January 2009. It is sponsored by the United Learning Trust (ULT) in conjunction with Winchester College and the University of Chichester. Winchester College contributes no fewer than six governors to the board of the academy adding academic rigour and aspiration to the new academy. Winchester is proud to partner MRC and share facilities, teaching and staff training. Three core areas of activity: science, sport and music deliver benefit to pupils and staff at both establishments. Science dons have taught at MRC and academy pupils have visited Winchester for lessons. Football matches have been played between the schools and other sports are planned. Music workshops have brought pupils together to learn technical proficiency. The Aspire programme enables MRC students to see St John’s College Oxford courtesy of Harold Carter (Past Parent) an MRC governor and Fellow of St John’s. 21 Meeting the carbon challenge Donors have the power to help achieve broader objectives for which the College itself, faced as it is with a myriad of financial pressures, cannot always immediately fund from its own internally-generated financial resources. I would be very happy if this strikes a chord with others and prompts them to get involved. Oliver Thorold (D, 1958-63) is hoping that other Old Wykehamist donors will come forward to share his enthusiasm for ‘greening’ the Winchester College estate. WINCHESTER COLLEGE ANNUAL REPORT 2010 Oliver Thorold 22 WINCHESTER COLLEGE ANNUAL REPORT 2010 23 Following a meeting with the Bursar, Mr Thorold agreed to sponsor an initial consultant’s report on the environmental impact of the College’s estate, which besides its most visible monuments, such as Chapel and School, encompasses 190 buildings, 93 of which are listed, as well as farmland in three counties. (Some of the latter holdings were part of William of Wykeham’s original endowment in the fourteenth century). Few of these buildings, it goes without saying, were built or designed with energy conservation, let alone the monitoring of their carbon footprint, in mind. ‘Since leaving Winchester College 46 years ago I regret to say that I haven’t responded to any of the numerous appeals launched to Old Wykehamists. Appeals with a foreign focus have always seemed more pressing. But there would be one College appeal, falling naturally under your jurisdiction as Bursar, to which I would enthusiastically contribute. It would be an appeal to help the College massively to reduce, or preferably totally eliminate, its carbon footprint’. The survey confirmed what was already obvious, that there is much that could be done to improve the efficiency with which the School uses energy, albeit at a significant cost in up-front investment, and with considerable technical challenges to be overcome. Many of the buildings, for example, lack cavity walls that can be readily insulated. A first priority therefore has been to seek a comprehensive audit of exactly how and at what cost resources are being used. Noting the increasing inter-governmental drive to reduce CO2 emissions, he went on to say that Winchester could not — and should not — expect to be able to claim that its privileged status somehow exempted it from sharing in this obligation. ‘I am hoping that a school that sets exceptionally high academic standards’ he wrote ‘might address the challenge without needing to be pushed, leading where others will follow, indeed demonstrating with a truly exemplary programme how best to proceed’. Knowing that payback times on energy conservation scheme can often be surprisingly short, Mr Thorold has plenty of ideas for rectifying the shortcomings. By negotiating a single electricity tariff for all its buildings, the Winchester estate would, he believes, be able to save thousands of pounds a year on its heating bills. The School could also do a lot with solar power. Under recent Government proposals, a solar-powered plant on Winchester’s Cambridgeshire farmland could, in theory, not only produce a substantial reduction in the School’s carbon footprint (as an offset scheme). It could also WINCHESTER COLLEGE ANNUAL REPORT 2010 quickly become a significant source of annual profit for the School — sufficient, on paper at least, to fund several bursaries for deserving boys. It would be, in this committed advocate’s view, a classic case of doing well by doing right. 24 The practicality of an investment of this sort is one of several now being considered formally by the Governing Body. It has already approved in principle the installation of solar panels in a number of locations, subject to planning and structural considerations. A plan to generate a small amount of hydroelectric power by harnessing the flow of water through Old Mill is also being being considered, and has seized the imagination of a number of Old Wykehamist donors. All these changes require both funding and planning permission, so progress will take time. A solar-powered plant could not only produce a sufficient reduction in carbon footprint, but could quickly become a significant source of annual profit for the School. Mr Thorold thinks there may be other Wykehamists who share his view that helping to ‘green’ the College estate would be a most rewarding cause to support. ‘Donors have the power to help achieve broader objectives for which the College itself, faced as it is with a myriad of financial pressures, cannot always immediately fund from its own internally-generated financial resources. I would be very happy if this strikes a chord with others and prompts them to get involved’. WINCHESTER COLLEGE ANNUAL REPORT 2010 354,896 387,041 389,807 339,538 375,000 325,000 299,155 When Oliver Thorold (D, 1958-63) sent a letter to the Bursar explaining why he had never bothered to reply to any appeal from the College, he was uncertain what consequences, if any, might follow. As a committed environmentalist, one who as a young barrister had cut his teeth as junior counsel for Friends of the Earth in the Windscale public enquiry in 1977, he wrote to the Bursar as follows: 08/09 09/10 10/11 181,124 223,671 176,714 219,988 152,418 05/06 06/07 07/08 Energy budget (£) Electricity Gas Green challenges Oliver Thorold is certainly right that the College’s ‘privileged status’ has not protected it from the sharp increase in energy bills over recent years. The economic downturn may have given some respite over the last year or so but prices are on the rise once more. All the experts agree that the cost of energy can only continue to increase at a far greater rate than general inflation, even faster than school fees, out of which we have to find the funds to meet these higher heating and lighting bills. Managing the College’s energy supplies is no simple matter; there are more than sixty separate electricity supplies and nearly forty gas. Energy purchasing is carefully managed, using professional advisors to tender supplies to achieve the keenest prices. However, the economic arguments for reducing the amount of energy we have to buy are all too compelling, even without the other benefits of the ‘green agenda’. 25 A sporting chance My priority is to take the healthy legacy my excellent predecessor left me and raise it to a higher level. The primary objective remains to make sure that any Wykehamist who wants to follow a sport of his choice can do so to the highest possible standard. Sam Hart, newly appointed Head of Sport, wants to give every Wykehamist the chance to make the most of his ability, however diverse his choice of sport. WINCHESTER COLLEGE ANNUAL REPORT 2010 Sam Hart 26 WINCHESTER COLLEGE ANNUAL REPORT 2010 27 25 10 different soccer sports pitches When I arrived at Winchester in 1967, the gym was a place of fearsome repute, manned by military disciplinarians from another era. As far as I can recall, which admittedly is dimly, it was equipped with little other than mats, a medicine ball, climbing ropes, some weights and those wooden climbing frames around the walls whose educational purpose still remains something of a mystery after all these years. Boxing was the only martial art on offer, and PE lessons were conducted with distinct paradeground efficiency. Cricket, soccer and games requiring rackets were, along with Winchester Football, reasonably well catered for, but other sports less so. By the time I left the School, however the old gym had been decommissioned and replaced with a new Sports Centre, designed to accommodate a more broadminded and, whisper it softly, more humane approach towards sporting and athletic development. (Best not to enquire, I suppose, whether today’s intake bunk off to the pub as regularly as the 3rd XI teams in which I played were wont to do). Talking to Sam Hart, the recently appointed Head of Sport, it is quickly apparent how far this new approach has developed subsequently. Asked what he would most wish for, given unlimited funds, his answer is ‘a second Sports Hall, or even better a new P.E Centre’. The reason is that the range of WINCHESTER COLLEGE ANNUAL REPORT 2010 sporting choices open to men at the School has grown so rapidly that the impressive new dedicated Sports Centre of my time is now nearly too small to accommodate all the demands that are being made on it. A new building isn’t likely to materialise in the short run, as Mr Hart acknowledges, so his focus is on improving what is already in place. ‘My priority is to take the healthy legacy my excellent predecessor left me and raise it to a higher level. The primary objective remains to make sure that any Wykehamist who wants to follow a sport of his choice can do so to the highest possible standard’. Participation in sport, although it remains voluntary, is greater and more varied than it once was. Better, the philosophy goes, to choose one sport, however unusual, and seek to excel to it, than to struggle to achieve little at several for which the aptitude and pleasure may be lacking. Mr Hart points out, for example, that the School now plays 21 different matches against Eton on a single afternoon, almost three times more than than the number which would have been played 15 years ago. Men in the School have the choice of approximately 25 different sports, and while the major sports are well catered for, with ten soccer pitches and seven cricket squares, it is the other sports such as Badminton (particularly popular with the growing number of boys from the Far East), Basketball and Fencing which have to compete hardest for resources. It is for that reason that the Head of Sport is investing most of his efforts in the short term towards expanding the choices available by recruiting specialist expertise, for example in Archery and Water Polo. 28 He is also working hard to improve the look and feel of the sports facilities. Specific items that were on his action/wish list and have recently been achieved, include a new room for the martial arts (for which there is considerable demand), additional state-ofthe-art weight training and fitness equipment, and provision for more pre-season training for the dons who continue, in addition to their teaching and pastoral duties, to make a huge personal commitment to sports provision. Each sport at Winchester has its own master-in-charge, who in the case of Rackets, Squash, Football, Cricket and martial arts works alongside dedicated professional coaches. Together they have been instrumental in boys from Winchester achieving excellent inter-school competitive results, notably in rackets, fives and judo. The School now plays 21 different matches against Eton in a single afternoon, almost three times more than the number which would have been played 15 years ago. Like Marmite and certain other glorious British inventions, the appeal of Winchester Football remains incomprehensible to all but those who have experienced it, to judge by the bemused expressions of my wife’s Dutch family when they came down to watch a Xs match a couple of years ago. Mrs Lim’s bafflement is clearly not unique. But those who have played the game, as I did happily for five years, will always have a soft spot for its beguiling combination of physicality and rule complexity, and, it remains, reports Mr Hart, more popular than ever. WINCHESTER COLLEGE ANNUAL REPORT 2010 7 cricket squares Team spirit Sport has always been an important aspect of Wykehamical life and with 25 different sports currently on offer this is certainly true today. Boys can have coaching in a diverse range of sports from aikido and Archery to fishing and golf. Nowhere else can they play ‘Winkies’ as Winchester College Football is fondly known. This year has seen investment in both facilities and staff. A new weight room with running machines and a new DoJo for martial arts are the first signs of a much larger programme. Not only does the College offer 10 soccer pitches and seven cricket squares, it provides some of the best coaching staff available to nurture talent and develop potential. Quality and choice: a boy who wants to specialise in a sport will be provided with the appropriate coaching to develop his skill. He will not be forced into a limited selection of major sports. 29 789 5 6 A Report from the Chairman of the Investment Committee 4 Mark Loveday (H, 1957-62) 3 2 1 College investments % 1 Estates be less than the nominal 4%, with the equivalent of 3.2% of the valuation at the start of the year being extracted in 2009/10. Conversely, poor equity markets in recent years have caused the extraction from the investment portfolio to exceed 4%, with the equivalent of 4.3% being extracted in 2009/10. The Investment Committee will keep the extraction rate under review in the light of projected future returns and inflation, to ensure that the College’s assets and income are growing in real terms over time, and that the needs and interests of current and future beneficiaries of the College are fairly balanced. Mark Loveday Chairman of the Investment Committee The Committee (see p.48) has particular responsibility for reviewing investment policy, asset allocation and risk/reward characteristics, as well as monitoring the performance of the College’s investments. The investment objectives are at least to maintain, and indeed grow, the value of the College’s investments in real terms and to produce a sustainable income stream to support expenditure on bursaries, the Quiristers and the maintenance of the ancient buildings, all within acceptable levels of risk. To meet these objectives the investments as a whole are managed on a total return basis with diversification across a range of asset classes. At 31 August 2010 the College’s investments had a total value of £53,093,000, of which £35,694,000 was in agricultural land (67.2%), £3,489,000 in residential houses (6.6%) and £13,910,000 in stocks and shares (26.2%). At present the College has a policy of extracting an annual income of 4% (plus costs) on the average value of the investments over the last five years. In the case of agricultural land, continuously increasing investment values have caused the effective amounts withdrawn to WINCHESTER COLLEGE ANNUAL REPORT 2010 Farming has had a good run and our agricultural land portfolio continued to perform well. The College owns 9,100 acres concentrated mainly in Hampshire (5,549 acres) and Cambridgeshire (2,656 acres), with one farm in Dorset (895 acres). All our land is let out to tenants and last year produced an annual net income of £750,000. Rents yielded 2.7% on the opening valuation and increases in rent of the order of 10% were negotiated on seven farms, with the remainder to be reviewed in 2011. The value of the land increased by £958,000, so that the total return for the year was 4.9% after costs. The Estates Bursar continues to look for opportunities to add value to our land holdings, particularly in energy generation such as solar panels and farms. The residential portfolio, which has five houses in Winchester for letting out, has seen a 24% increase in valuation this year to £3,489,000 following an external valuation. Part of this increase can be attributed to firmer house prices in the local market, but the major part is due to a re-rating of the portfolio by the valuer. With net rents rising to £116,000, the total return was therefore 28.4%. Planning permission has been obtained to develop a further six residential houses, and these will be built when the necessary finance is available. 30 The College’s investment portfolio, which is managed by UBS, was valued at £13,910,000 after including an additional £1,077,000 as a result of donations received. During the year holdings of cash and bonds were reduced and our weighting in hedge funds, commodities and equities was increased. The portfolio produced a net income of £152,000 with a total return of +3.7% compared to +9.5% for the benchmark, which was a disappointing performance. The principal reason for this underperformance can be attributed to the UBS Global Property Fund through which the portfolio gained exposure to international commercial property in 2007. This was bad timing and the value suffered a 30% fall last year. Excluding the property fund, the portfolio would have returned 7.7% in the year compared with 7.4% for the benchmark. In October 2010 the Committee conducted a thorough three-year review of UBS’s management of the portfolio and decided to reappoint them on renewed terms for a further two years with the intention of having a five-year review in Autumn 2012. Overall the total return on the College’s long-term investments for the year to 31 August 2010 was 6.7%. Total income, net of management costs, was £1,018,000, requiring a capital extraction of £743,000 to achieve the target 4%. The College has an excellent agricultural portfolio in terms of quality and potential, a small but interesting residential portfolio, which we intend to increase, and a well spread investment portfolio. This should provide the College with a growing income over time to meet its commitments in the future, whilst providing some growth in real asset value. 2 Equities 3 Residential houses 4 Hedge funds 5 Fixed interest 6 Commercial property 7 Commodities 8 Private equity 9 Cash 67.2% 13.7% 6.6% 5.8% 2.3% 1.9% 1.2% 1.0% 0.3% A good return To balance current and future needs, the College aims to: · maintain (at least) the value of its investments in real terms; · produce a consistent and sustainable · amount to support current expenditure; and deliver these first two objectives with acceptable levels of risk. The College manages its investments as a whole on a total return basis and maintains diversification across a range of asset classes to produce an appropriate balance between risk and reward. To maximise its freedom and flexibility to invest where it expects returns to be most rewarding, regardless of whether those returns are delivered as income or capital gains, the College has obtained an Order from the Charity Commission allowing it to invest to maximise total return and make available an appropriate proportion of the total return for expenditure each year. Mark Loveday Chairman of the Investment Committee WINCHESTER COLLEGE ANNUAL REPORT 2010 31 Summary statement of financial activities Summary balance sheet for the year ended 31 August 2010 at 31 August 2010 2010 2009 2010 2009 (£’000) (£’000) (£’000) (£’000) 67,201 39,183 13,910 4,421 53,483 37,368 12,875 3,191 124,715 106,917 2,718 3,961 Total assets less current liabilities 127,433 110,878 Other liabilities and provisions (9,666) (8,606) Net assets 117,767 102,272 106,138 1,088 10,541 93,565 676 8,031 117,767 102,272 Incoming resources Fixed assets INCOME FROM CHARITABLE ACTIVITIES GROSS SCHOOL FEES RECEIVABLE * Other income 19,303 821 18,993 645 656 103 1,383 115 1,675 627 104 1,371 420 1,517 24,056 23,677 Tangible fixed assets Property investments Portfolio investments Fees in advance scheme investments INCOME FROM GENERATED FUNDS Trading income Other activities Investment income Bank and other interest Grants and donations Total incoming resources * Resources expended REPRESENTED BY: COSTS OF GENERATING FUNDS Total costs of generating funds Net current assets (1,633) (1,726) Endowed funds Restricted funds Unrestricted funds CHARITABLE ACTIVITIES EDUCATION AND GRANT MAKING Teaching Accommodation and welfare Premises Grants and awards Scholarships and bursaries * Quiristers Other awards Support (8,454) (3,684) (6,023) (8,515) (3,574) (6,168) (1,542) (179) (42) (1,189) (1,499) (150) (44) (1,090) (21,113) (21,040) (301) (238) (21,414) (21,278) (62) (59) (23,109) (23,063) 947 614 14,548 (7,749) Net movement in funds in year Opening fund balances 15,495 102,272 (7,135) 109,407 Closing fund balances 117,767 102,272 Total expenditure on education and grant making * PRESERVATION OF ANCIENT BUILDINGS AND CONTENTS * Total charitable expenditure * GOVERNANCE Total resources expended * Report by the trustees on the Summarised Financial Statements The summarised financial statements on pages 32 and 33 are extracted from the full annual Report and Financial Statements which were approved by the Warden and Fellows and signed on their behalf on 4 December 2010 and on which the auditors Crowe Clark Whitehill LLP gave an unqualified audit report on 9 December 2010. The auditors have confirmed to the Warden and Fellows that, in their opinion, the summarised financial statements are consistent with the full financial statements for the year ended 31 August 2010. These summarised financial statements may not contain sufficient information to gain a complete understanding of the financial affairs of the charity. The full Report of the Warden and Fellows, Financial Statements and Auditors’ Report may be obtained from the Chief Accountant at the College. Signed on behalf of the Warden and Fellows. Net incoming resources Revaluation gains and losses Sir David Clementi February 2011 * Income and expenditure has been grossed up to make explicit scholarships and bursaries which are netted off school fee income in the statutory accounts. WINCHESTER COLLEGE ANNUAL REPORT 2010 32 WINCHESTER COLLEGE ANNUAL REPORT 2010 33 1,033 779 1,005 Robert Woods (G, 1960-64) 1,675 1,517 1,701 A Report from the Chairman of the Development Committee 05 The planning stage of the Wykeham Campaign is complete, and we are now in the ‘quiet phase’. This is the period of time when we are actively seeking major donations from individuals before widening out the appeal. The provision of high-quality education, particularly where boarding is concerned, is unavoidably expensive, and we aim to be in a position where we can offer the best education available to boys of strong academic potential, whatever their parental means. We are determined to maintain the Founder’s intention; that is, to offer the best possible intellectual cultural formation to boys who can best profit from it. Robert Woods Chairman of the Development Committee Richard Morse (K, 1972-76) Chairman of the Campaign Committee I’m delighted to have this opportunity to write about the Wykeham Campaign and fundraising at Winchester College, and to be able to express my sincere and grateful thanks to all those who have donated generously to the School over the past year. As a Fellow and OW (G, 1960-64), I care passionately about the School, and as Chairman of the Development Committee, I am determined that we should increase the endowment in order to guarantee the future provision of bursaries in line with the Founder, William of Wykeham’s vision for the School. community to the Hunter Tent Appeal, which exceeded the £90,000 target with the £40,000 surplus going to the Al Gordon Sports Fund. Donors were encouraged to dig deep by a challenge grant, donated by past Captain of Lords, Mark Loveday. We will build on past successes by broadening our appeal programme to include mailings (mostly electronic) and ensure that they are sent to those who have a particular interest. On-line donations can now be made by OWs, and soon it will be possible for parents to donate electronically. As you will see from the encouraging figures, we have broadened our contact with the Wykehamical community and expanded our donor base through an active events programme and the Annual Fund appeals. Annual Fund activities in the year included a very successful telephone campaign and an appeal to Leavers’ parents, both of which will be an annual feature of our fundraising programme. We were also delighted by the support given by the OW cricket WINCHESTER COLLEGE ANNUAL REPORT 2010 Our expanded events programme included a wellsupported reunion for the Class of 1945 (and earlier!) with 33 OWs attending, pizza evenings for undergraduates, and a ‘Celebration of OW Sport’ reception, with 135 attending. Other events worthy of mention were a lunch to thank donors to Hunter Tent and to celebrate its refurbishment, the Toyes 150th Anniversary, which was enjoyed by over 200 old Toyeites in The Great Hall at Lincoln’s Inn, and the annual Domum Supper for Leavers’ parents. 34 In line with this vision, the School has reviewed its strategy for recruiting suitable candidates for bursaries. The Housemasters have all agreed to make such recruitment a personal priority, which is very welcome and should help to ensure the widest possible external awareness of the opportunity for boys to benefit from bursaries. We maintain beautiful ancient buildings, which enhance the atmosphere of study and which form part of the nation’s history. The 93 listed buildings, nine of which are Grade 1, attract visitors from all around the world, and guided tours ensure that they learn about the strong sense of place and heritage of the School. We must build an endowment which ensures that they continue to be maintained to the highest standard, without being a drain on School resources. Additionally, projects such as the new Museum in the Warden’s Stables give donors the added opportunity to contribute to the fabric of the School. We plan to renovate one of the mediaeval buildings to form a vibrant and exciting Museum, which will enable WINCHESTER COLLEGE ANNUAL REPORT 2010 06 07 08 09 10 Donations received (£’000) An upward trend Support for the Wykeham Campaign is continuing to grow, both in donations and in the number of gifts received. As can be seen from the graph on page 40, we are enjoying support from the largest number of donors the College has had in recent years, if not ever. The graph above shows a particularly successful year in 2006. This can be accounted for by several appeals, specifically for capital projects such as Chapel Stonework, College Improvements and the final push for the Music School. In addition, one significant gift was received in anticipation of the conversion of the Warden’s Stables. It is particularly gratifying to note that the level of donations is now matching that enjoyed in 2006 in spite of the absence of any major appeals for capital projects. This reflects the determination and commitment of the Governing Body to support the School’s development efforts. 35 I’d like to express my thanks to all who have supported the School in any way; by attending events, volunteering, donating, leaving a legacy, or by offering encouragement as a committee member. The School is a worthy recipient of your support! Robert Woods Chairman of the Development Committee chaired by William Eccles (H, 1973-77), acts as a forum to test ideas, and actively to support our outreach programme. The Council has 12 Old Wykehamist members from almost every House and age group, and one past parent. It meets at lively dinners twice a year to give unrestrained opinions on subjects related to supporting the OW community and to seeking its support for the School. Between dinners the members are active in helping the School in diverse ways of their own choosing. William is always looking for keen new recruits — please let David Fellowes know if you are interested! Lorna Stoddart Director of Development & Director of Winchester College Society David Fellowes (I, 1963-67) Director of Winchester College Society Tamara Templer Deputy Director of Development students and visitors to explore the School’s collections for inspiration, learning and enjoyment. The College’s first museum, built in 1897, became the dons’ Common Room in the 1980s and the collections were moved to the Treasury, a converted beer cellar beneath the old College kitchens, where they are currently displayed. However, the present Treasury suffers from three major problems: accessibility, atmosphere, and space. The College would like to make its collections available to the public and other schools as well as its own pupils. We plan to take on a curator experienced in project management to carry out the consultation with the different user groups who have a vested interest in the educational and outreach aspects of the project. scope to offer musical opportunities to children who could not otherwise enjoy them. It has been agreed that we will have two funds: the Shedden Bursary Fund, which provides bursaries and related financial support (such as travel expenses) for Qs over and above the automatic fee remission funded by Winchester College, and the Quirister Endowment Fund, which is the fund that helps Winchester College meet the costs of maintaining Quiristers, including the automatic fee remission for Qs. A number of our more generous regular donors have joined our Wykeham Patrons group, and are enjoying a tailored event programme, including special cultural trips, both in the UK and further afield. We have very much enjoyed getting to know our Patrons in an informal and social setting. I’d also like to take this opportunity to recognise members of the William Stanley Goddard Society (now renamed ‘the Goddard Legacy Society’), who have indicated that they are leaving a gift to Win Coll in their will. The membership is growing (we now have 176 members), and I’d like to encourage you to consider joining, if you haven’t already done so. It is a very effective way of avoiding the tax man! Finally, Winchester is the only school in existence which provides for a resident ‘choir of angels’; the Quiristers have been with us since 1382. They are the basis of the School’s tradition of musical excellence, the providers of the sense of holiness which was at the heart of the Founder’s intention for the worship of God in Chapel, and their training provides us with further WINCHESTER COLLEGE ANNUAL REPORT 2010 I am pleased to report that we now have six members of the Campaign Committee, all of whom have demonstrated their commitment to Winchester College by making a lead gift, and by demonstrating their willingness to assist with the solicitation of others. Beatrice Lupton, a former Quirister parent, is spearheading the Quirister Appeal and a considerable amount of time has been spent on research and, in particular, on expanding the Quirister database with contact details. 36 Our specialist committees continue to assist and support us in our endeavours. The Investment Committee, chaired by Mark Loveday, gives donors reassurance that their donations are well invested (see p.30); the Disbursement Committee, chaired by Rob Wyke, the Second Master, ensures that donations are directed appropriately and as agreed; and the Winchester College Society Council, WINCHESTER COLLEGE ANNUAL REPORT 2010 The American Friends of Winchester College are now well established, and have an active programme of engagement with the Wykehamical community. We’ve listed the Directors in the Acknowledgement section (p.45) and I would like to take this opportunity to thank them for their tremendous work in re-invigorating our presence in the US. The Hong Kong Friends are also becoming increasingly active in supporting the Wykeham Campaign, and have formed the Wykeham Campaign Sub-Committee under the Chairmanship of Richard Wallace (Coll, 1968-72). I’m extremely grateful to Richard and his committee for the energy and enthusiasm they have brought to the Campaign in Hong Kong. Robert Woods Chairman of the Development Committee 37 Acknowledgements Benefactors, Patrons, Donations and Legacies Benefactors, Patrons, Donations and Legacies How better to express appreciation for the important role your school, or even your son’s school, has played in developing your mind and your general attitude to life than to put something back, in the hope that future generations will be as fortunate? The lists and graphs that follow demonstrate the very considerable degree of support from all corners that the School is so fortunate in having received during the year. Donations were received from a record 979 donors, an increase of 35% on the previous year and of 40% on the previous five-year average. Of these, 29 donors gave £10,000 or more during the year, totalling £1,025k including Gift Aid, whilst the remaining 950 contributed £650k, equating to an average donation of £684 per donor, which compares favourably with the previous year (£699). New donors have also reached a new peak at 316, being up 83% on the previous five-year average. These are truly encouraging statistics, and the School is extremely grateful for their fruits. Those making unspecified or Annual Fund donations may be interested to know that their generosity is enabling the School better to afford several significant items featured elsewhere in this Report, such as its ‘Green’ initiative, the King James Bible Exhibition, Outreach and Sport. Finally, we remain eternally grateful for the reassuring support offered by the pledges many of you make by way of a legacy. Interest in the Goddard Legacy Society (until recently known as the William Stanley Goddard Society) is growing. The primary focus for legacies is to boost the College’s Endowment, in support of Bursary provision, the maintenance of its ancient buildings and, of course, its Quiristers. To all our donors we offer our most sincere thanks. WINCHESTER COLLEGE ANNUAL REPORT 2010 38 Wykeham Benefactors Donors whose total donations to the Wykeham Campaign (including pledges) are greater than £250,000 A J H du Boulay C 1943-46 Viscount Gough G 1955-59 Mr M A Loveday H 1957-62 & Mrs Loveday and Past Parents Mr & Mrs J T McAlpine Past Parents Mr R S Morse K 1972-76 & Mrs Morse and Past Parents R W d’A Orders E 1967-72 P Stormonth Darling C 1945-50 Honoured Patrons Donors whose total donations to the Wykeham Campaign (including pledges) are greater than £100,000 Anonymous (1) Professor & Mrs P Baldwin Past Parents W N M Lawrence C 1948-53 A J M Spokes Coll 1978-82 J D F M Thornton D 1943-48 (though the NJT Foundation) Wykeham Patrons (members as at 31st August 2010) Donors whose total donations (including pledges) are greater than £25,000 and who have joined our Patrons group Anonymous (4) Sir David Clementi E 1962-67 G B Davison A 1971-75 M D S Donovan A 1954-59 W D Eccles H 1973-77 N E H Ferguson C 1961-66 B J Ginsberg I 1982-87 D F Gordon E 1968-69 Viscount Gough G 1955-59 C M Humbert B 1990-95 D H Hunter E 1950-54 N M H Jones B 1960-65 Sir John Kemp-Welch E 1949-54 W N M Lawrence C 1948-53 M A Loveday H 1957-62 A C Lovell B 1967-72 Lord Magan of Castletown K 1959-63 Mr & Mrs J T McAlpine Past Parents R S Morse K 1972-76 G W Morton Coll 1966-70 J B W Nightingale D 1973-77 R W d’A Orders E 1967-72 D R Peppiatt E 1944-48 M J S Seymour K 1961-66 A J M Spokes Coll 1978-82 P Stormonth Darling C 1945-50 J D F M Thornton D 1943-48 Mr & Mrs G White Parents R B Woods G 1960-64 R E A Younger F 1979-84 DONATIONS RECEIVED DURING THE FINANCIAL YEAR ENDING 31 AUGUST 2010 *Donors who have given twice or more over a period of three years since 1 September 2007 Wykehamists (shown by year of leaving) 1932 The late C A McDowall 1933 The late F A K Harrison* 1934 The late W N Monteith Lord Wigram 1936 Anonymous (1) T A Bird 1937 M R D Foot* J D Majendie J I Watson* 1938 Anonymous (1) D V Bendall* M J P Martin 1939 M T Barstow* A R Taylor* 1940 G E Merrick* P F Morgan* R P Norton* H A Pawson* 1941 E D Armstrong* Sir Hugh Beach* M H A Finch* R J Gould* R O C Stable* I W Stoddart* H S R Watson* P A Whitcombe* 1942 D B Abbott The late C Hill* M P Seth-Smith* J R Tillard D R de C Trasenster E T Wilmot* 1943 J L Boase* G H G Doggart* M L Hichens* H U A Lambert* A R Longley* D N Phear D O Savill* R P Thorburn* WINCHESTER COLLEGE ANNUAL REPORT 2010 H Coll I H E Coll I F D F G K K E G B H G I K B E F B E I A D G Coll Coll E H Coll C Coll C A 1944 R S Gibson* D F S Godman* W W B Myers M J D Newman J O Udal 1945 Anonymous (1) C E Bruce-Gardyne* J A Fergusson* J M A Gurney* G S Hill* R Meinertzhagen D Middleton* G H J Myrtle* J H Thornton The late H E Webb* P H S Wettern* 1946 J R Johnson* Sir Patrick Moberly* The late D B L Skeggs 1947 Anonymous (1) P G A Archer J B H Francis* H G B Hoare O M P Kenyon-Slaney* J R Lucas* Sir Edward Studd R W L Wilding* R J Woodward* 1948 Anonymous (1) R W Barklam* P H de Rougemont* J Denza* D G Gow* E N C Oliver* D R Peppiatt* D J B Rutherford* The late P R Shires* G F W Swan* J D F M Thornton* D St J R Wagstaff* J J H Wilson* D A H Younger 1949 J F L Blamey* P C F Childs* W M Fernie* A D B Gavin* F F Higgins* T R Hines* A C R Howman* M G Mander J P Raison C R Streat* J H V Sutcliffe* P M Welsh G H Willett J F Willmer G I H Coll A H H K Coll C K D B G G C Coll I C F I D Coll A Coll B C C Coll E G E D Coll H D Coll A I I K F I I K E H D K C G D C 39 1950 N S Agar R H Bird* D A Cross* L E Ellis* The late G C H Ferard C F Foster* The late A W Hamilton R M Lodge* N F McCarthy* P Stormonth Darling* 1951 Anonymous (1) I Atkinson J B Barton* J H D Briscoe P H F Bullard* R M J Burr O J Colman* R H Hardy G B Inglis M Knowles D A N C Miers* R H Y Mills* A Monro A D Myrtle* F P B Nichols* The late C L Verity* D Wyllie* 1952 I R Anderson* A C A Benda* A D M Bryceson* C H D Denning* M S Evans* E T Gartside* R C Gray* M Harvey* G M T Hodgson* M H Keen* J E Keville* P de N Lucas* J R S Maclure I H McCausland T G Penny R H Petley* M Rendall* J W Robertson M B Sayers D M Shapiro* T M B Sissons* P A Stables* A N Stewart* C W Taylor-Young P S Thring D S Williams 1953 Anonymous (2) T F M Bebb* G R H Bredin R Chester* F H Coll G C G Coll B K B G K D C I Coll F C I B C B I I Coll Coll K Coll I B K D I E Coll Coll Coll Coll C F F D A G F WINCHESTER COLLEGE ANNUAL REPORT 2010 A L Coleby* P G Davey* T H Drabble R D K Edwards* D A W Gardiner* B J Gibbens J J Grafftey-Smith* M F Harcourt Williams* B G Humphry W N M Lawrence* D A C Lipscomb J E D MacLaren J W Roskill* J F H Villiers 1954 H N Armstrong C J Blissard-Barnes Sir Simon Cooper* R N R Cross* D F Gibson Lord Hannay of Chiswick* A L Hichens D H Hunter* C W L Keen R P S Macnutt* C M Mallett* Lord Marchwood* H T Norrington J N Stevenson* H White* D J Wilson* 1955 A L Askew* W S Aylen M D Barton* C A A Black R N Dobbs* N M Fawssett* R T Fox* G R Freshfield S M Gordon Clark* S T Grandage* P F Hilken F R J Horsman P Jay N B T Lilley D R McCarthy Sir David Miers* B L Reed J H Silley* D C Stewart* Sir Richard Storey T C Ulrich* J J des C Virden* C D Walker 1956 R M S Allan* S P Allison* D C D J Baird-Smith* D E D Campbell* A M Collett G D Dean* Coll A G B E A A H B C D K D E G E B F H B H E F I D G H H G I K Coll H K D B A D G G B F C Coll I B C D C H Coll C Coll D B Coll E G A G E K F G K Coll I E A G C H E G J F Stein* E S Tudor-Evans* C N Villiers C P W Willcox* 1960 Anonymous (1) S Bann* D Barnes* M J V Bell C M Brett* P J Burrows Sir David Clarke T R Cookson* G M A Crawford* J G U Daniels* C V Dinwiddy* J S Finney* R A S Gray* S M de F Harcourt Williams* P B Hay* R I Jefferson* Sir Andrew Large* A N Little Lord Maclay D R Markham* M V Pampanini* H M Priestley* C E M Snell* W R Stewart-Smith* M B Venning* P J L Wilson P G K Wilson* 1961 M A Bond* M R Dreyer* M S Henderson* L D Heriot Maitland J R Knight* P N Legh-Jones* A P L Minford* J D Orme* M W Parkinson D G Rowell* J R Sanders J R A Townsend G J Verity* 1962 Anonymous (1) The late D M Bennetts J D Birney* S G F Burgess D A S Cranstoun* W J S Date* S A Frazer P C O Kingsbury* Sir Andrew Longmore* M A Loveday* L R Maclean* M J Mullane H R Oliver-Bellasis* D F D K Coll H D I Coll D K C Coll E E I B H H F F F C A G A A C Coll D G A Coll F I G Coll A A K B 40 C F E K Coll A Coll A H C I K A C C A H A A F C G K G E A Coll F G H G Coll K K G B Coll Coll D I F I K D C C G E H A E H E B K WINCHESTER COLLEGE ANNUAL REPORT 2010 B A R Pyke* R M Quinn J P Quirk* T P V Robertson* C G C Vyvyan* J A C Watherston* 1963 Anonymous (1) S J Awdry V C Awdry S T Beloe* W Benham* G H Burges I R F Cameron W G T W Fiennes* A N Hunter* J M Layton* H J Lockhart A G Maclay D K Parkinson* A G Post* D C Sykes* Sir Oliver Thorold R E Tozer Sir Roger Vickers* H C Wodehouse* 1964 S J Brandon F D W Clarke* N C D Craig J P Dancy* J H Dixon* R I Gordon-Finlayson* S P Hare M J C Hawkes* Lord Jay of Ewelme H M P Lawford* A R D McArthur* A C Pembroke* G M Ridley J W M Rogers N D Sinker H C Stevens* T P Taverner Lord Terrington R B Woods* 1965 Anonymous (2) C P C Beer A A H Forsyth* W R H Heywood C I W Hignett* N M H Jones D M F S Lauder* D A Oldridge R J Priestley* N A F Pritchard M S Travis* T M Verity W M Wood* E I K A B G B C I I D C B D A E G G C A G D C G B Coll Coll K Coll K G K C C G I Coll K Coll K A F E G D Coll F E B F G A Coll K K H F G H 1966 Lord Aldington* G F O Alford P N Amphlett* M J P Cullen* N E H Ferguson* R D J Harington* J J S Hudson J G Pringle* A M R Reid M J S Seymour* C J F Sinclair* R S Tangye* J S Thesiger C W Tulloch* T D Welsh* 1967 Sir David Clementi* D W L Fellowes* J K A Gibbs* T R Hamilton-Baillie* R B P Jennings* G P C Macartney* F C T Markham* A M D Palmer P J Phair* R Roberts G C Scott-Malden 1968 C D Brims* J W M Cowen* D J Howarth P W I Ingram* B R M Johnson A N G Maclean J J D McArthur* M R S Nevin J N Scott-Malden* 1969 N C Adams N R Davidson* S C H Duffin C K F Eldred-Evans* M W Hamsher* R J Harwood N G Hughes R C Leanse* A J Mason* C O Mason* P M Oates* O P Richards* F D S Rosier J Roundell C J Sutton-Mattocks 1970 Anonymous (1) D G G Davies* C C L Evans* H R Jacobs* W E Meredith-Owen G W Morton N L Padfield I 63,889 D 35,200 C 22,501 A 48,186 Coll 74,011 09/10 23,321 08/09 27,417 109 07/08 25,705 99 06/07 Hawkins’ Sergeant’s Bramston’s Turner’s Kingsgate 85,577 122 05/06 F G H I K 109,533 628 74 540 97 College A Chernocke B Moberly’s C du Boulay’s D Fearon’s E Morshead’s 04/05 P A Dillingham* R M Formby* P R Gordon-Smith* P L A Jamieson* A E R Manners* J M Porter* R Rawlence* J H Richardson P E M Robertshaw J J B Rowe A E Seager P R Stevens M E K Steward N A Tatton Brown C B Williams* 1957 Anonymous (1) R E F Ballantyne A R F Buxton* R S Carver* D W S Dunlop J M Dunn* A M Edis* M S Laing P S W K Maclure* M E Ponsonby* C W Thompson* C H Van der Noot* R M L Webb* D R Woolley F A H Yates* 1958 Anonymous (1) A R Beevor* A F Best* Sir David Davies J A C Don* D E Fradgley F R O de C Hamilton* D M S Hampton F W Heatley C H Howard* L H McCurrich Lord Napier* C J Perrin V A L Powell R C M Pumphrey* N Richardson* P C Stevens* J D A Wallinger* P J L Wright 1959 N F G Bosanquet C J R Elton* I W Gammell* Viscount Gough* T D R Jenkins P G Johnston* J F S Parker* Nawab of Pataudi* C H Perry* 273,249 870 D Coll F Coll E C Coll A I C Donations by House (£) 83 556 OWs Non OWs 680 628 Total number of donors K G D Coll Coll C D B I I K B I C B Coll E I I C C H K H Coll F D K K I H Coll E I I Coll D Coll I E D D D E H C A G I F A F D D H Coll D 41 30s N Paterson* P G P Stoddart* R J A Tulloch J E Vernon P J L Zinkin* 1971 Anonymous (1) P H Chamberlain* R D G Parker A M H Simon* 1972 N C L Beale* R S Brunel Cohen* P R Gammell S J Hathrell* M Holland* T N Hone* J H Hornby M R V Johnston A C Lovell* N J E Maude* M H McCall* R W d’A Orders J K Shearer* P E Spendlove* D G Stephenson G F Stott* A J Wells* C N Wilson* 1973 S E R Alexander* C E Beer* P Bennett-Jones* The late N D W Blakeney* W S Dawson* S T W Dunstone N A Hoad H A Lloyd* J R Macpherson* C J H Scott* 1974 D J L F Anderson H N Cookes R M Gray* Sir William Hanham* R M P Hughes* T J Lawrance-Owen* C M Peake* J N Pepper* D J Scott-Malden S J Tabbush* A H Wettern* C J C Wyld* 1975 Anonymous (1) J G Armstrong* S G Batchelor* D M W Beeson J H Davies* G B Davison* H F R Marsh* B I A H C H K Coll Coll A G Coll D F I A B F Coll E Coll D Coll G Coll D I Coll C H C K Coll A G K Coll C D H K B H H A Coll G F E F B Coll A K WINCHESTER COLLEGE ANNUAL REPORT 2010 J R Menzies-Wilson J O d’A Orders I D Roxborough* C M R Wilson* M C Woodward* 1976 N R de Cent* D M G Fletcher* R A Galloway* R M U Lambert* R S Morse* J M N Neill-Fraser* W M Owton* A D Scott-Malden* 1977 Anonymous (1) P W Barker J J Burkill W R Charlwood* J D Cruickshank* W D Eccles* I Edward* R A C Haig* P D Hale* N Janmohamed* M L Moore* T W Stubbs* 1978 Anonymous (1) J N Archer A R Hammerton* M J A Macdonell* C G McAndrew* A J Romanes* S T Shivdasani A H W Sutcliffe E P Tuite Dalton N A Udal* I D M Vellacott R P Wordie* 1979 W R J Casement P Convey* A F Cooper* P G G Dear S J G Doggart W J S Dunnet* P E H S Gale* W N-W Garton-Jones* M R Gray* D I Hough* W J Marshall* R D C Moate* G C F Newcombe* S C Piggott* C G Stewart-Smith* A D Waddington C W Wickham* 40s A E G E K C I E F K I I A G Coll B D H B A Coll B D E D H A Coll A D F F H K K A I A C K C A H I H Coll A E G G K C 50s 60s 308 80s 1980 Anonymous (2) R F Blott J A H Geary P R Hall* A S Hoare C P H F Kernot* J P Medd* P J R Miles* S J Morse* G A J Strong J N G Thwaites* 1981 Anonymous (1) G J C Ashton J R Bracken* M D Cornish* J E Day* H W Dunlop* T Hatch* A J C Maxwell* W B Maxwell A P McMaster B J R Moate* A J C Normand* A C Phillips* B M Shuttleworth* K Storey* A S R Younger 1982 M P Botes* E M Coulman J D C Douglas-Hamilton* M H Feltham* M J Harford N F Harrison* A Maschio* R P Salwey W J Stow J R B Sutcliffe J C G Taylor* L J Watts* S J Willmer* 1983 A J de Q Adams A C Barklam* J W Collings* J W Gardiner* W E J Holland J M Maclure S H W Pilcher* R W Roberts N J Sansbury* J M E Saunders J F Thornycroft* A G P Tusa* J H Younger 1984 M J Broome T G Davidson* J D Dean* 90s 101 2,124 22,764 118 166 174 70s 35,754 143,119 31,760 4,395 184,771 New donors giving for the first time 316 363,902 Donations by decade (£) 00s 04/05 T F Dennis* C E R M Hall* E W Howells R G McCarthy W S Mills G E Read-Ward J P Rich* C E S Robottom* S A Thorn* N J Tiley S J H Whitehead* R E A Younger* 1985 W R D Baldock* J Davies-Jones* N M Elkington A W Ellis B Ficht H J Goulding* S L Grafftey-Smith* I L M Henry M P Krone* C H M Ridley M D C Sutcliffe P Tao H A Watson 1986 Anonymous (1) T T W Gadsby* T S Maclure A G Morley* H T S Ricketts* J A Stainton* E P E Thomas B D Thornycroft* N R J Vellacott R C Waddington T H Q Wilson* 1987 Anonymous (1) R R Baker-Cresswell* B D G Barton* J E G L Bracey* W H J Farren-Price* B J Ginsberg J S Jadav H G J King* D J Lewis* C C Rawlings* P W P Ross* S C Rye* 1988 D W Baker* C P Barker* J E Collett J S Dawkins* J J M Edwards P J Habertag M E Hunter* A R B Large C S Lightbody* H I K B C Coll C G G F K Coll I E Coll I E B Coll A F B G K F D K K D H Coll B B G F I G C K A Coll C F K K I I E H G I F A A 42 A B D I K H B E D Coll K F E A G K D F G F Coll K F I F C K K F K H H K K H Coll I E C I D Coll A H F Coll H F G D D D B H Coll WINCHESTER COLLEGE ANNUAL REPORT 2010 W J Lockett* C W Nicholls T H Van Every* R J M Weissen* 1989 S D S Baines* G H Baker* V R Bates* A C A Bower R A L Chipperfield* D A de Lanoy Meijer* R J S Edis J H Fisher* B C M Foster* R J E Hall* S H J Macdonald* N D Peppiatt R A Sanders* J F Taylor N S Venkateswaran* A G Weir* 1990 N R Abbott* A N L Dawes F N Garcia J R A Jackson B L Marnham R N G Pavry R D Walsh* 1991 R D Blight* A J Cross* N O P Gordon* J C Guise* J P Hamilton* J R O Henderson* J R Le Bouedec* C P Macdonald* A W Maclay* P A Roberts* J W Sandford* D R B Taylor* J W Wellesley Smith* 1992 D M Avery-Gee* R Y Barrett M Cheng* N J Cooper* J E L Cunningham-Day* E J Daniels A N Edmondson* J G T W Fiennes* H W Foster P J Goulston* N R Hall* F M Jackson* M R M Julien* B M-B Li* N C Lutener* D M Maclay* B R Merrick* I E A Coll G H D K H A H C E B G K K I I F D Coll Coll K I F Coll Coll H G A G D H D Coll A C A I D K Coll C E F Coll E F F B A E E E G Coll 05/06 06/07 D R Minford A K R Murray D J R Sanders* A R Witcomb* 1993 A C M Barnes* D A Bowers* G W Bradley R I Brasher* N G Casey* M R Chowdhury* S D Croft-Baker* E J Culver C A de Oliveira* P R Dennett* J A Fennema E R Haines* B I Hamilton T N H Henderson E G R King* F S Knox* A R Mason* R J Mullane* W L Nevin M C Poole-Wilson A N Skinner* A K Thomson* M D Woolley 1994 Anonymous (1) E A Allen* N A Clark* W H Darwin* A J M Foulkes* S H Gazzard J A Haldane M N Hollings* G N McLachlan* F P A Pilbrow* N C W Wong* 1995 J R Arnold* T A L Burns* G C Close-Brooks C A Forsdyke* C M Humbert S H C Lewis* J E S Norris-Jones* E T A Saye* M P Thorneycroft* M N Toone* A M Tucker N H Walmsley* C J Wheeler R F T Wood* 1996 Anonymous (1) A J D Brown* O Bolton T M P Carver* T F Gervais 07/08 08/09 09/10 C D K B I B F B K A B A F Coll D Coll F H Coll C A B I I H Coll Coll H I D G B K H F G E Coll I F Coll B G C F F E D Coll E E H Q G D 43 165 137 75 722 463 298 518 788 63 788 06/07 Donations were received from a record 979 donors, an increase of 35% on the previous year and of 40% on the previous five-year average. 507 431 05/06 408 73 Gift Aid claimable OWs Non OWs 918 56 592 708 Total amount donated (£’000) 04/05 W W Gossage* C F McCall* N J Moberly* M S T J Peters* H M T Reed* B N Shah* G H E Winkworth* 1997 Anonymous (1) C E Awdry* T M D Beames* R O C Boney W N Close-Brooks* R C Greet-Smith* E W W Simpson W R F Sinclair* G P Warren* G C Y Wong 1998 C E Barlow* A R Bradley* G W L Fellowes M A Glenville E J Grist C M J Hunter C J Moore-Bick* A C Roth L A C Shepherd* J G Stewart J P W Taylor* J H J Wheatcroft* 1999 G W B Darch* S R D McArthur M C Parfitt* C F Somerset* J S Yarrow 2000 H I Abdullah E A J Marsh J G Williams* 2001 B A Bolton H S M Robertson 2002 R K Y Kam S S Kirshan J W Mortimer 2003 A R M Bird D J Bruce S A Buldakov* S S M Ho* J S Pringle* J E M Robinson 2004 T L Hemingway W J R Myatt M D R Skinner* H J Walker* E F B Coll A E K I I Coll F D K K G E I K G Coll I F B D F I Coll B B C Coll G Coll H B Coll Q B D B H F K A K C Coll D G B K WINCHESTER COLLEGE ANNUAL REPORT 2010 2005 J M Burridge C J Kerr* W Kerr-Muir* 2006 C J D Elliott-Kelly* H G Harris* T P Hosking* S S Krishan* P A Jeevaratnam* 2007 D C Allan S R A Cheetham T J M Davenport* G C Nash* 2008 T M Bouch 2009 P J Fuller E Coll I I E K B C C G E K C Coll Parents, past parents, staff, former members of staff and other donors Anonymous (7) Mr & Mrs D R Apperly* Mrs C Ash Mr & Mrs L Arnold (through the Arnold Foundation) Mrs L Arnold Dr & Mrs K-T Au Professor & Mrs P Baldwin Mr & Mrs A Bentley Mr & Mrs A Bolton and their family (through the Boltini Trust) Mrs E Botes Mr G R Bourne & Professor J Mossman* Mr R Boyns Mr & Mrs K F Bruce Drs I & Z Cameron* Mr & Mrs R Carlson* Mr & Mrs G F Casey* Professors T K & V N Y Chan* Mr & Mrs Y W Chan Mr & Mrs S B A Cheetham Dr I Cho & Mrs K Nam* Dr B M Choi & Mrs J H Chang Mr & Mrs W Chui Mrs C Corson* Mr & Mrs A P Costello Mrs J Crook* Mr E R Day Mr & Mrs R de Bree Mr & Mrs N J Duncan* Miss K Dunn* The late Mary, Viscountess Eccles* Mrs R S Fellowes* Mr & Mrs J Flory Brigadier W Forsythe-Yorke Mr C T de M Fraser* Mr & Mrs S W J Fuller Mr & Mrs K Furuzawa* Mr & Mrs C Gadsden* 07/08 08/09 09/10 Mrs M A Gammell* Mr M P Gretton* Professor D Hanna* Mr & Mrs A Hardie* Mrs A Harris* Mr & Mrs F Hervey-Bathurst Mrs M Higgs Mr & Mrs P Hitchens* Mr & Mrs M Hole* Mr H M H Hui & Ms M K A Ho Mr M Jackson Mr & Mrs G Karafotias* Mr & Mrs I B Kathuria* Dr & Mrs W Kerck* Mrs M L Kerr* Mr J M King* Mr & Mrs W P Ko* Mrs P K Krishan Dr & Mrs M W Lee Mr W H Lowe* Mrs P H Marriott Mr & Mrs P Mathiesen Mr & Mrs D McKechnie Mr & Mrs D Mills Mr M F Mok & Mrs S Tsoi* Dr & Mrs I M Murray-Lyon* Mr & Mrs J M Nicholson* Dr K T Nicolson* Mr & Mrs J Peet Mr R Perry* Mr A Power* Mr & Mrs C Purvis* Mr & Mrs E C Ramsay The Hon Lady Ramsbotham* Miss J Ritchie* Dr K Sparke-Rogstad Mr J Rowsell Mr & Mrs H Sasmito Mr J J H Smith Mr & Mrs R Stemmons Mr & Mrs D Swanson Dr T S C Tang & Mrs L S Lo* Miss T J Templer Mr A H Thompson* Mr & Mrs T Throsby Dr P Toone* Dr R D Townsend* Mrs S P Tulloch* Mr & Mrs A K Walkling Mr & Mrs E L Wess* Mr S F Wheatcroft* Sir John Whitehead Mr & Mrs R C M Wigley Mr T Wolf & Mrs M Chin-Wolf* Mr & Mrs J Woodman Charitable Trusts Anonymous (3) A R Taylor Charitable Trust* Arnold Foundation Bebb Charitable Trust* Boltini Trust Craigmyle Charitable Trust Cray Trust* Cruach Trust Eccles Family Trust* Ellis Campbell Foundation Kilfinan Trust* Lisbet Rausing & Peter Baldwin Trust Maclay Charitable Trust NJT Foundation* O J Colman Charitable Trust* Peter Stormonth Darling Charitable Trust* Reverend W N Monteith’s 2004 Charitable Trust* Samuel Storey Family Charitable Trust* Seymour Strang Charitable Trust* Stavros Niarchos Foundation Trees Hone Charitable Settlement THE AMERICAN FRIENDS OF WINCHESTER COLLEGE The American Friends of Winchester College is an independent American 501(c)(3) charitable corporation, which exists to support the School. Winchester College is most grateful for the continued assistance of the many donors who help the School through their gifts to AFWC. Andrew Watt, Chairman Mary Emerson, Executive Director Steven Little, Treasurer Lorna Stoddart, Secretary Meg Bradt, Director Michael Donovan, Director Daniel Gordon, Director Richard Gridley, Director Jonathan de Lande Long, Director Henry Ormond, Director Wykehamist supporters to the American Friends of Winchester College Anonymous (1) 1935 B B King* 1949 B A Groves 1951 N W Daw 1953 F F R Fisher R C Gridley* 1958 J L Rolleston 1959 M D S Donovan* 1961 P R M Thomas 1964 J L Hunter 1966 G H Clark 1967 J R C Weir 1969 D F Gordon 1970 M J D’Eath E J Podell L C Ross 1971 C N Plum 1972 D S McCue 1973 D W Ellison 1975 C T Munger A K W Powell 1976 J Y Campbell 1978 S D K Edwards Coll K Coll A C Coll A D E I G E A I K E G D D C Coll B 1980 G E Asher D J Foster* 1981 C G Ellis 1982 A J M Spokes* 1986 F A C Ilchman 1987 T P V Mammen 1990 H C J Ormond 1993 N R Sheppard 1998 R B W O’Keeffe 2001 S M Duncan 2006 H G Harris* W H J Wapshott 2008 O E S N Wapshott 2009 O R Joost S Sheridan G H G Coll D I Coll H C F E C C H E Parents, past parents, staff, former members of staff and other supporters to the American Friends of Winchester College Mr R W Duemling Mrs M Higgs* Mr K T Hoffman* Mr & Mrs L Israel* Mr C T Jackson Mr & Mrs D H Kallman* Mr M B Pass Mr F E Storer Jr Mr N Wapshott & Miss L Nicholson* Mr & Mrs E L Wess* Mr & Mrs G White* Charitable Trusts Fairfield County Community Foundation James and Chantal Sheridan Foundation 44 WINCHESTER COLLEGE ANNUAL REPORT 2010 45 2,420 08/09 09/10 1,756 971 1,466 Members of the Goddard Legacy Society on 31 August 2010 1,833 Legacies promised (cumulative) 2,372 Legacies 04/05 Robert Woods, as Chairman of the Development Committee, has encouraged his readers on page 37 to consider leaving a legacy to Winchester College, also drawing attention to the existence of tax benefits. We have recently prepared a simple codicil form, which has been approved by a Wykehamist lawyer and which is readily available from the Development Office. This is designed to make the process an extremely easy and economic one for those wishing to benefit the College in their wills, requiring merely the intended value of the legacy and a signature, albeit in the presence of two independent witnesses. Thereafter, the codicil should be lodged safely with your will, thus ensuring that its directions are incorporated (please!) within any future will that may be made. The tax benefits derived from leaving a charitable legacy are both considerable and compelling, however great or small its value. The current 40% rate of Inheritance Tax enables a legacy worth, say, £50,000 to Winchester College to cost the deceased’s estate only £30,000. Usually testators direct us to use their legacies to build up our endowment funds, which help us to meet our long-term charitable objectives, primarily bursaries, ancient buildings and Quiristers. These funds are included with our other long-term assets and carefully managed by the Investment Committee (see Mark Loveday’s report on pages 30 and 31). Our Disbursement Committee (see page 37) also usually allocates those legacies which have no particular strings attached to support those same three objectives. The Sub-Warden, Robin Fox (A, 1950-55), is the Goddard Legacy Society’s Chairman. He hopes very much, as I do, that all those who are leaving the School a legacy will enable us to express our appreciation to you in person by joining our legacy society, for which events are arranged each year. Please don’t hesitate to contact me (on 01962 621151 or at [email protected]), should you wish to take matters further. Remember, the process can be easy, economic, tax efficient … and even fun! College du Boulay’s (C) Hawkins’ (F) Turner’s (I) Anonymous (2) C F Badcock R H Bird D C Bonsall Sir Jeffery Bowman G S Hill G P A Howe B Jensen D Kingston A D G Milne Sir Patrick Moberly M P O Morford R A Moss R Rawlence P A Stables C D Stewart-Smith T C Ulrich D R Woolley Anonymous (1) M Bicknell R M J Burr C V Dinwiddy J P O Gibb Sir Michael Gow N J Hallings-Pott W N M Lawrence P M Luttman-Johnson J H M Peel J R Rigby T Snow P Stormonth Darling J J des C Virden J F Willmer Anonymous (2) J B H Francis D C E Helme I L M Henry P L A Jamieson Sir Andrew Large M J P Martin R N Philipson-Stow J R Sanders C W Taylor-Young A R H Worssam Anonymous (1) G D Apperly D W L Fellowes D Hill P S W K Maclure N F McCarthy Viscount Montgomery E J Podell D J Wilson J G Wyatt 1939-43 1945-50 1969-73 1948-53 1940-45 1948-53 1949-54 1943-48 1944-48 1942-46 1942-48 1948-53 1951-56 1947-52 1954-59 1951-55 1953-57 Chernocke (A) Anonymous (2) J R F Adams W J Albery T F M Bebb C M Brett G D Dean R T Fox P B Hay H O R Humphrys P G Littlehales C F Popham V A L Powell R J Priestley J J B Rowe A N E Wilson 1947-52 1949-54 1949-53 1955-60 1950-56 1950-55 1955-60 1959-64 1952-56 1935-40 1953-58 1960-65 1951-56 1988-90 Moberly’s (B) D N Beevor D L S Campbell Sir David Davies A S G Drew R D K Edwards S F Every N M H Jones R H A MacDougald Q N J Marshall M Maynard C M Moore R N E Smith J F Taylor T G T Taylor J A C Watherston R J Woodward 1954-59 1932-37 1953-58 1952-57 1948-53 1943-47 1960-65 1968-72 1986-91 1940-45 1958-62 1960-65 1949-54 1944-49 1957-62 1943-47 1949-54 1946-51 1955-60 1949-54 1937-42 1951-56 1948-53 1933-38 1962-67 1939-44 1943-47 1945-50 1950-55 1943-49 Fearon’s (D) Anonymous (1) J C P Boyes-Watson F W Edwards Earl Ferrers H R W Murray J H Silley A R W Smithers P C Stevens G A Stobart M J L Stow J C Willis 1937-42 1943-48 1942-47 1951-56 1950-55 1951-55 1953-58 1949-54 1934-39 1988-93 Morshead’s (E) Anonymous (1) H G Ashton G T K Boney W J S Date P A Davis G H G Doggart R M Formby W N J Howard Lord Howe of Aberavon A C R Howman D H Hunter Sir Andrew Longmore T G S Maxwell B K Peppiatt D R Peppiatt H M Priestley J W Robertson R M O Stanley Sir Michael Turner C N Villiers 1943-48 1958-63 1956-62 1955-60 1938-43 1951-56 1945-50 1940-45 1945-49 1950-54 1958-62 1947-52 1947-52 1944-48 1955-60 1947-52 1944-49 1945-49 1954-59 1942-47 1934-39 1980-85 1951-56 1956-60 1932-38 1950-55 1956-61 1947-52 1938-41 Anonymous (2) M T Barstow J T S Bower P H F Bullard A M Collett T H Drabble G G Ferguson A H Gordon Clark S Gordon Clark S T Grandage R L Hancock J D V Phipps R W G Raybould J V H Robins Sir Roger Vickers C G C Vyvyan H E Webb P H S Wettern H White R B Woods 1934-39 1948-53 1947-51 1951-56 1948-53 1947-52 1948-52 1957-61 1950-55 1941-46 1943-48 1954-60 1952-56 1958-63 1958-62 1940-45 1941-45 1949-54 1960-64 Bramston’s (H) E D Armstrong Sir Christopher Audland M H Heycock M L Hichens M A Loveday R H W Marten G F W Swan D M Watney 1936-41 1939-44 1942-46 1939-43 1957-62 1956-61 1943-48 1945-49 Anonymous (2) C A A Black M C Clarke R J Gould Sir Jeremy Morse G G E Stibbe D R Strangwayes-Booth C H Van der Noot H W C Wilson 06/07 07/08 Past Parents 2002-07 1963-67 1940-45 1952-57 1945-50 1942-46 1969-70 1950-54 1950-55 Kingsgate (K) Sergeant’s (G) 05/06 1950-55 1954-59 1936-41 1942-46 1971-76 1951-55 1953-57 1939-44 Commander & Mrs C B Dawe Mr E R Day Professor A Elliott-Kelly Mrs V A Fellowes Mr C Gadsden Mrs M Gadsden Mr D Jones Mr R J Jones Mrs S Jones Mr W H Lowe Mrs C Middleditch Dr A Olliff-Cooper Miss J Ritchie Staff Anonymous (1) Former member of staff Mr A H Thompson Other members Mr R Perry Quiristers (Q) G I Grange 1958-60 Legacies received During the year to 31st August 2010 we received legacies from the estates of the following: D M Bennetts (D, 1957-62) G C H Ferard (E, 1945-50) A H Gordon Honorary Wykehamist C A McDowall (H, 1927-32) D C Norris-Jones Past Parent We remain indebted to them and to their families for having committed their generous contributions towards securing the School’s future. David Fellowes (I, 1963-67) Director of Winchester College Society WINCHESTER COLLEGE ANNUAL REPORT 2010 46 WINCHESTER COLLEGE ANNUAL REPORT 2010 47 The Visitor The Lord Bishop of Winchester (The Rt Rev’d Michael Scott-Joynt MA) Governing Body The Warden and Fellows The Fellows of Winchester College who held office during the year and subsequently were: Governing Body Committee structure During the year, the activities of the Governing Body were carried out through six primary committees and one sub-committee. The current membership of these committees is as follows: Professor Sir Curtis Price Chairman Dr John Nightingale * Robin Fox CBE, MA, FCIB Sub-Warden Michael St John Parker * John Nightingale MA, DPhil * Robert Sutton BA The Rev’d Canon Jane Shaw MA, PhD (resigned 31 August 2010) * The Rt Hon Sir Andrew Longmore PC, MA Michael St John Parker MA Robin Fox Contact details Robert Sutton Headmaster Bursar Winchester College ACADEMIC AND PASTORAL COMMITTEE * Sir David Clementi MA, MBA Warden Professor David Hanna BA, PhD, FRS (retired 5 December 2009) NOMINATIONS COMMITTEE Sir David Clementi Chairman Professor Christopher Sachrajda Headmaster Bursar Second Master Director of Studies Master in College FINANCE COMMITTEE AUDIT AND RISK COMMITTEE College Street Winchester SO23 9LX Robin Fox Chairman Robert Sutton Tel: 01962 621100 Fax: 01962 621106 Sir Andrew Longmore Jean Ritchie Peter Davis Adviser Winchester College Society Headmaster Development Office 17 College Street Winchester SO23 9LX Bursar Deputy Bursar/Chief Accountant Tel: 01962 621217 Email: [email protected] INVESTMENT COMMITTEE Sub-committee of Finance Committee * Robert Woods CBE, MA Robin Fox Chairman * Mark Loveday MA Mark Loveday Chairman Robert Sutton Jean Ritchie QC, LLM Robin Fox Robert Woods Professor Sir Curtis Price KBE, AM, PhD Andrew Joy Adviser Mark Loveday Professor Christopher Sachrajda Andrew Sykes Adviser Charles Sinclair Hugh Priestley Adviser Headmaster Robert Sebag-Montefiore Adviser Bursar Deputy Bursar/Chief Accountant Solicitors Deputy Bursar/Chief Accountant Estates Bursar Farrer & Co LLP Dutton Gregory Trussell House 23 St Peter's Street Winchester SO23 8BT FRS, PhD, FInstP, CPhys (appointed 13 March 2010) * Charles Sinclair CBE, BA (appointed 28 November 2010) *Wykehamists Bankers National Westminster Bank plc 105 High Street Winchester Hampshire SO23 9AW WORKS COMMITTEE Officers Robin Fox Senior Management Committee Ralph Townsend MA, DPhil Headmaster Jean Ritchie Dr Ralph Townsend Headmaster Jeffrey Hynam MPhil, BEd, ACP Bursar & Secretary to the Governing Body Jon Stanwyck Adviser Jeffrey Hynam Bursar Headmaster Robert Wyke Second Master Bursar Steven Little Deputy Bursar/Chief Accountant Second Master Michael Wallis Chairman of Common Room Committee Michael St John Parker Chairman Works Bursar DEVELOPMENT COMMITTEE Robert Woods Chairman Robin Fox Dr John Nightingale Charles Sinclair William Eccles Adviser Richard Morse Adviser Peter Davis Adviser (resigned January 2010) Peter Stormonth Darling Adviser (resigned September 2010) Headmaster Auditors Crowe Clark Whitehill LLP St Bride’s House 10 Salisbury Square London EC4Y 8EH Steven Bailey Senior Housemaster (until December 2009) Insurance Brokers Alastair Land Master in College Senior Housemaster from January 2010 Marsh Brokers Limited Capital House 1-5 Perrymount Road Haywards Heath RH16 3SY Keith Pusey Registrar John Wells Works Bursar Dr James Webster Director of Studies David Fellowes Director of Winchester College Society Lorna Stoddart Director of Development & Director of Winchester College Society Stephen Anderson Senior Tutor Elizabeth Stone Under Master Bursar Design Director of Development Contagious www.contagiouseducation.co.uk Director of the Winchester College Society Deputy Director of Development Photography Domestic Bursar Kin Ho www.kinho.com Special thanks to WINCHESTER COLLEGE ANNUAL REPORT 2010 48 Jonathan Davis Paul Dennett Priscylla Lim Jen Weeks Oliver Thorold Sam Hart REGISTERED CHARITY NO: 1139000
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