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 Post subject: tiffin boys' finances
PostPosted: Mon Feb 02, 2009 8:03 pm 
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I'm trying to start a new thread on this very important subject, because we need real information as the school hasn't provided much. Please can people avoid posts that are likely to get this thread locked!


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PostPosted: Mon Feb 02, 2009 10:19 pm 
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Location: Buckinghamshire
A constructive PM from a Forum member tells me that there will be a meeting this Wednesday evening between the new (acting) Head, the governors and the parents of Tiffin.

The aim of it is apparently to answer the questions regarding the recent financial issue.

Hopefully that will result in some positive news.

Sally-Anne


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PostPosted: Tue Feb 03, 2009 10:44 am 
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A new day and a new thread but inevitably the same old posters.

I ask once more - Does anyone know anything about the plan to go into partnership with Chessington?


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PostPosted: Tue Feb 03, 2009 3:03 pm 
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lewarcher wrote:
A new day and a new thread but inevitably the same old posters.

I ask once more - Does anyone know anything about the plan to go into partnership with Chessington?


Perhaps they will mention it at the meeting this evening?


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PostPosted: Tue Feb 03, 2009 3:11 pm 
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From Tiffins website...

Wednesday 4 February
Special Meetings of the Governors for Parents.
Please inform the school by email of your attendance at 7:30pm or 9pm.


Patricia


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 Post subject:
PostPosted: Thu Feb 05, 2009 12:03 am 
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The chair of governors spoke very well, eloquently and honestly. It seems the financial situation is not as bad as described in the press but the school was spending beyond its means and if it continued then the projected deficit would be 50,000 at the end of financial year. The government had reduced its support grant approximately 3 years ago but the school did not then tighten its belt acordingly but rather dipped into its reserves culminating in the financial situation we see toady. This problem would be less apparent if more parents had increased their voluntary contributions to 520 level sooner and if the finance officer responsible had sorted the arrangements to change from standing order to direct debit payments quicker. RBK has be very supportive and will loan the school the money with interest for a period of two years. They are doing this because they recognise the important contribution that Tiffin makes through its excellent outreach work to help neighbouring schools. Tiffin is not the"gated community" as some mischieviously allege, which no doubt done to foster social emnity.


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PostPosted: Thu Feb 05, 2009 7:20 am 
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We had a lively debate last year on why the parental contribution requested was so high. The school doea a lot but no more than many GS in Bucks - none of these ask for anywhere near £520.


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PostPosted: Thu Feb 05, 2009 10:11 am 
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I too thought Lester and Cox did a good job of calming things down and I was encouraged by some of the things said. I was particularly taken with Cox and it seems that she will ensure the voluntary contributions will go in future on items additional to teaching. There can be little suprise about this as this is what happens at Tiffin Girls.

I was a little worried that many would have taken away the message that the crisis was Kingston's/the governments fault for reducing the resources available to Tiffin. This impression could have been gained from a graph that was at the heart of the presentation.

So to be clear - from the schools own published accounts - the annual grant maintenance grant received from public funds has been:

2003 - £3.2mn
2004 - £3.7mn
2005 - £3.9mn

The school then stopped distributining Accounts.

The equivalents figures for total income were:

2003 - £4.6mn
2004 - £6.4mn
2005 - £6.4mn

The large discrepancy between grant and total income in the latter two years is accounted for by the capital grants for the Dempsey Centre and the increase in transfers from Voluntary Contributions. These total:

2003 - £0.6mn
2004 - £1.8mn
2005 - £1.6mn

If you exclude these variable incomes then school income rose as follows:

2003 - £4.0mn
2004 - £4.6mn
2005 - £4.8mn

I would urge the school to reconsider its presentation.


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PostPosted: Thu Feb 05, 2009 11:12 am 
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Location: Watford, Herts
lewarcher, thanks for this detail.

Can you separate the capital grants from the voluntary contributions? What is the source of the other £0.9mn in addition to these and the maintenance grant?

You should be able to get more recent accounts from the school via a Freedom of Information request.


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 Post subject:
PostPosted: Thu Feb 05, 2009 2:23 pm 
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Posts: 62
Further to my above post I have obtained additional figures for the Annual Maintenance Grant for 2006 to 2008 from the Kingston web site from their "Fair Funding for schools statements":

2003 - £3.2mn Accounts
2004 - £3.7mn Accounts
2005 - £3.9mn Accounts
2006 - £4.0mn FFSS
2007 - £4.3mn FFSS
2008 - £4.6mn FFSS

This represents a five year increase of 44% which works out as an average increase of between 7 and 8%

I think we can conclude it is not local or central government's fault!


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