The latest statement requiring deconstruction - sent Tuesday 24/03/2009.
Dear Tiffin Parents,
We would like to give you an update on the financial situation and some related matters.
It now looks as though the School will be able to manage in the immediate future without taking a loan from the Royal Borough of Kingston (RBK) as a result of tightly controlling spending for the past few months, although the School will still be significantly over budget for this current financial year. This has required using most of our reserves, which will need to be built back up over the next few years to put the School in a solid financial position again.
A number of actions have already been taken to bring costs back into line, which include:
Tighter control of variable costs, including IT spend and refurbishment plans.
Staff leaving this year not being replaced; coverage has been enabled by increases in the time existing staff spend teaching and some increases in class sizes bringing them more into line with other similar schools.
Measures are being progressed to bring overall staffing into line with normal levels for our type of school.
As a result we are now very hopeful of the School being able to operate with a break-even budget for the year ending March 2010, with a slight surplus the following year, assuming some continued reduction in staff costs through normal turnover; and some increases in income.
The School leadership team, the governors, and the local authority have been working together on these plans to ensure minimal impact to the curriculum and to the opportunities on offer to your sons. Due to their sensitive nature and continuing investigation it is not yet possible to give all the details of where these savings are being made, but we are now confident that the School can be returned to a healthy financial position without damaging its educational status and performance.
More details will be available as plans are progressed in the coming weeks and months.
On a related matter, the report from the Audit of Governance for Tiffin School by RBK is very nearly complete and will be made public, probably in the next few days. RBK will continue to monitor the Schoolâ€™s financial recovery plan and progress over the next two to three years.
In the next couple of weeks weâ€™ll also be publishing information to give full clarity on the operation, income and expenditure of Tiffinian Limited, the charity through which your voluntary contributions are passed on to the School.
Finally, some of you have asked how they can contact the Governors. Your normal route for raising any concerns about the School should be via the teaching staff and the School leadership team, or in some cases through the Tiffin Parentsâ€™ Association. However we recognise that the current situation is a special case. Governors do not generally have the resources to undertake individual communication, but we do value your views and any comments can be sent to the Clerk to the Governors, Jane Pierce, at firstname.lastname@example.org
who will forward them as appropriate. For future reference Jane's email address can be found on the School Website by following the path 'about us' / 'staff list' under 'Head, Governors and Administration'.
We would like to again thank all parents for your continuing support and understanding through this challenging time. We hope you feel reassured about the future of the first class education on offer from Tiffin School.
Tiffin School Governing Body