Rosemead Budget Presentation Financial Year 2016-17 Gavin Knott (Treasurer)

Introduction History. Aim to achieve 10% surplus and refurbish school 2012-13 = 312k (9.5%) -------(Mansard Roof) 2013-14 = £392k (10.5%) --- (Year 5) 2014-15 = £428k (11.4%) ----(Year 4) 2015-16* = £338k (8.83%) --(Year 3 + EC) 2016 -17 = £376k ( 9.32%) --(EC Frontage) *Current year Based on Actual (Autumn/Spring) + Summer Budget

Budget Overview

Revenue Revenue up by 6.3% Decreased ‘Additional Income’ (44k/58k) Improving Roll (355) Fee Increase (4%) Decreased ‘Additional Income’ (44k/58k) Arising from Increased provision for Bursaries (2.5% (1.5%) of Fee income) Reduction in ‘additional nursery sessions

Staff Costs Teaching Staff Non-Teaching Staff Overall Increase (tbc) 16/17 Under review Additional Gaps students and TA sought Non-Teaching Staff Admin replacement Addl support staff ?% uplift + incremental changes Awaiting board decision

Educational Costs Spending on school resources tightened as roll reduced – inflationary increase allowed Increase in 2013-14 reflects new charges for Disbursements (previously as income) Increase in ICT spend to reflect school roll and iPad/Chrome book rollout Teacher Resources - spending controlled by Headmaster

Premises Increased Maintenance budget included to address previously held projects. 2 years exclusion of refurbishment projects Plan for TPR ground floor toilets ? Reception development Request for additional sum to maintain Rosendale playing field Increased Insurance levy costs ICT development plan

Office and Administration Inflationary increases applied Allowance for 3Sys licence and template development Recurring fee for Maths Whizz included

Catering and Other Catering uplift plus increase for additional school roll Professional Fees Reduced to reflect adjustment to delivery plan Depreciation held to reflect Accounts

Summary Balanced Budget Investment in Staff and Educational Resources Revenue has increased 6.3% vs Expenditure increase held to 3.8% Investment in Staff and Educational Resources Provision to complete ICT Cash-flow to be finalised No issues expected. Allowance to be made for major CapEx works next year.