Agenda item

Joint report of the Chamberlain and the Headmaster of the City of London School.

The Board received a joint report of the Chamberlain and the Headmaster of the City of London School comparing the 2012/13 revenue outturn for the City of London School with the budget for the year.

The Chairman highlighted that, before any transfer to the Capital Reserve Fund, total net income during the year was £60,000. He also clarified that the figures quoted within the report with regard to employee expenses represented variances as opposed to costs.

In response to a question, the Director of Finance reported that savings that had arisen from an on-going review of the ‘Schools Pupil Visits Programme’ had in no way diminished the pupils’ educational experiences. He added that the aim of the review was, in fact, to provide the same educational experience for all but in a more economical way.

In response to further questions, the Director of Finance reported that financial assistance was available to Bursary pupils at Sixth Form level if a visit were deemed to be relevant to their studies. He added that any mandatory visits across all year groups were not charged for but that recreational trips were self-funded.

RECEIVED.