Agenda item

Joint report of the Chamberlain and Bursar.

Governors considered a joint report of the Chamberlain and the Bursar regarding the 2020-21 risk register for the City of London School Bursary and Awards Fund.

The Bursar began by providing a summary of the risk register highlighting that, while little had changed since the previous annual risk report, Governors should note the change of name of the fund as a result of the merger of The City of London School Scholarships and Prizes Fund and The City of London School Education Trust.

The Chair highlighted that there was no mention of the Tomlinson Review in the register and felt that this should be included as this may impact the amount of financial support provided by the Corporation. It was agreed by others that this should be recognised and noted as a heightened risk in the register.

RESOLVED, that the Finance and Estates Committee recommend to the Board of Governors that, subject to noting the heightened risk due to the Tomlinson Review, the risk register satisfactorily sets out the risks facing the School’s charity, and that appropriate measures are in place to mitigate those risks.