Our school’s finances are stable with a balanced budget, which we feel is a real success in the current financial climate where almost a third of maintained schools have a budget deficit (according to the Education Policy Unit, January 2019.
We have achieved this in partnership with our Governing Body’s Finance Committee by being financially prudent and cutting costs sensibly where we can. However, the situation moving forward is predicted to be increasingly challenging for schools. As you probably are aware, funding for schools in London is continuing to drop in real terms - so moving forward we are now faced with a horrible dilemma. Either give up on our ‘to do’ list, make more significant cuts or generate extra income.
The Governors, School and PSA have been discussing both how and when to launch the PCF for some time. When looking in particular at the capital investment we know we need, we think that the time is right to ask parents and carers to contribute to the PCF - particularly because we will benefit from Gift Aid.
Every donation will support our students.