Agenda item

Joint report of the Chamberlain and the Headmistress.

The Board received a joint report of the Chamberlain and the Headmistress that advised Governors of the net income before transfers to reserves for 2015/16, which was £803,000 compared to a budgeted position of £881,000 therefore representing a reduction in net income of £78,000 / 9%. It was noted that the level of City Support would be monitored and that previous years’ income and expenditure would be added to future reports of this kind for comparison.

RESOLVED – That the revenue outturn report for 2015/16 be noted.