Agenda item

Report of the Chamberlain.

Governors considered a report of the Chamberlain presenting the draft annual report and financial statements 2019/20 of the City of London School for Girls’ Bursary Fund, incorporating the City of London School for Girls Scholarships and Prizes fund and the following points were made:

·         During 2019/20, 50 bursaries and 24 prizes had been awarded amounting to £820,752 and £1,740 respectively, which was an increase on the previous year.  The overall value of the fund had reduced as a result of the impact of economic uncertainty on investment funds; however, investment income represented only a small proportion of the overall income of the fund.

RESOLVED - That the report be noted.