Agenda item

Report of the Chamberlain.

The Board considered a report of the Chamberlain regarding the Financial Statements for the City of London School Bursary Fund and incorporating the City of London School Scholarships & Prizes Fund. It was noted that, as in the previous year, income had exceeded expenditure by a considerable amount. This was because only a relatively small number of applications for hardship bursarieswhich fell within the existing bursary guidelines had been received during the year. The Director of Finance was asked to produce a report on possible additional uses of the funds held by this charity for governors to consider to address the current position.

The Board suggested that the School produce ideas for the next meeting for ways of advertising bursaries available from the School. 

RESOLVED – That:-

1) the report be noted; and

2 the School provide a report on ways to attract new bursary pupils to the School.