Agenda item

Report of the Chamberlain (copy attached).

The Board received a report of the Chamberlain providing Governors with a copy of the 2011/12 Report and Financial Statements for the City of London Freemen’s School Bursary Fund (charity number: 284769).

The Chairman highlighted that the transfer of approximately £200,000 from the ‘Charities Administered in connection with the City of London Freemen’s School’ and the £100,000 transfer from the School’s revenue account agreed by the Board last year were both reflected. He went on to state that the School’s Bursary Fund was now in a relatively healthy position and that Governors were keen to receive worthy bursary applications in order to utilise funds in the future.

RECEIVED.