Re: Day Pupils
Posted: Fri Jan 06, 2012 10:24 pm
My understanding is that the value of CH's income earning assets has reduced by about a third, meaning that the annual shortfall on running costs has increased by about £2 million.
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kerrensimmonds wrote:Scary
The CHOBA Board meets twice a year at CH and the HM always gives us an update. I am therefore privy to details that may not be in the public domain, and until they are, I cannot reveal them. (Precise numbers etc).ailurophile wrote:It’s the speed of the recent changes which alarms me most. My son entered CH in 2005, and as a parent I am uncomfortable that many aspects of the school which appealed to us at that time have since altered almost beyond recognition.
We have been told that the rapid increase in full fee paying pupils is planned as a temporary measure, and that affluent parents choosing the school are expected to be sympathetic to its traditional charitable ethos; but like Richard Ruck I find it difficult to envisage a way back, and I worry that the charitable ethos is seriously under threat.
I have said elsewhere on this Forum that while I can understand the need for CH to safeguard their own financial security, it sometimes seems that in order to achieve this the interests of the children at the heart of the school are being disregarded. Longer term, I wonder how future generations of Old Blues will feel towards their alma mater?
I am not that clear on this but my understanding was that it is related to dwindling assets against contracted outgoings. I am sure an accountant could put us straight.Fjgrogan wrote:Perhaps I am being particularly 'thick' but would it not be the case that the larger the percentage of fee-paying pupils the school accepts the less claim it would have to qualify for charitable status. That must surely put the whole basis of the school in jeopardy?
I think it would depend on the Governing Instrument of the Charity ( Trust Deed, Constitution or whatever) and what express or implied terms and restrictions may or may not be in it.Fjgrogan wrote:Perhaps I am being particularly 'thick' but would it not be the case that the larger the percentage of fee-paying pupils the school accepts the less claim it would have to qualify for charitable status. That must surely put the whole basis of the school in jeopardy?
Put like that perhaps it really is the "least worst" option!jhopgood wrote:My understanding is that the value of CH's income earning assets has reduced by about a third, meaning that the annual shortfall on running costs has increased by about £2 million.
I am happy to clarify my remarks, although so much has changed about the school over the last seven years that I will have to concentrate on the main issues.However, what we think is dwarfed by the needs of the pupils, and so I am interested if you would clarify your following remarks:
"as a parent I am uncomfortable that many aspects of the school which appealed to us at that time have since altered almost beyond recognition."
and
"it sometimes seems that in order to achieve this the interests of the children at the heart of the school are being disregarded".