Agenda item

Report of the Chamberlain.

The Board considered a joint report of the Chamberlain and the Headmistress which provided Members with a copy of the 2013/14 Report and Financial Statements for The City of London School for Girls Bursary Fund incorporating The City of London School for Girls Scholarships & Prizes Fund.

The Chairman queried the level of return achieved on investments as the return was relatively low. The Deputy Chairman explained that she would raise this issue through her role on the Investment Committee, as the investment arrangements would be common throughout the Corporation.

A Governor asked why the amount of spending on scholarships and prizes had fallen despite the number of prizes and scholarships that were awarded staying the same. The Bursar explained that there was an element of means testing for scholarships and prizes, which would account for the reduction.

RESOLVED – That the Committee notes the report.