Agenda item

To receive the report of The Chamberlain and of the Bursar.

The Committee received the report of The Chamberlain and of the bursar.

In respect of the risks that income from investments may decline (Risk 1 in respect of the School’s bursary fund, and Charities administered ICW the School), a Member suggested that the score or target score should be lowered given increased interest rates. Members heard that the economic situation was volatile. The Committee agreed to recommend that the score be lowered.

Members reviewed the various risks faced by both charities and confirmed that the registers satisfactorily set out the key risks together with their potential impact, and that appropriate measures are in place to mitigate the risks identified.