Agenda item

Joint Report of the Chamberlain and the Head.

Governors considered a joint report of the Chamberlain and the Head regarding Revenue Outturn for 2016/17 and the following points were made.

·         The Chamberlain drew Governors’ attention to the variations set out within the report.

·         In response to a question from a Governor, the Bursar confirmed that the position around reserves was being reviewed, as at present the School was short of £1.1m for works ahead of Summer 2018 [NEEDS CLARIFICATION].

·         In response to a question regarding £70,000 in retained deposits, the Bursar confirmed this arose from parents who paid a registration fee of £150 + one term of fees, but did not then put their son forward for a place at the School. It was clear that any fee paid was forfeited in the event of the place not being taken.

·         The Head drew Governors’ attention to the £84,000 increase in staffing due to paternity/maternity cover costs and a case of long term sick leave.

RECEIVED