Financial Report 2006/07
Financial Report for the year ending 31st March 2007
The Budget for 2006/07 envisaged a deficit of £13K on current expenditure in the year. Thanks largely to some additional unplanned income (most of which will be spent in the current year, 2007/08) we were able to show a small surplus, of £3K. This brought our reserves to £54K.
On the capital expenditure side, the Outdoor Classroom was completed (phase 1, at least), and the toilets next to the Early Years Unit were refurbished.
The outlook for the next three years is for a gradual decline in the roll. Thanks to the financial strength of the School, though, we have no plans at present to change the levels of staffing or resources. The table below summarizes the figures:
| Summary of Income & Expenditure |
|
|
|
|
|||
|
in £000 |
Actuals |
Budget |
Actuals |
Budget |
Forecast |
Forecast |
|
|
1. CURRENT |
Income from LEA |
417 |
426 |
444 |
450 |
443 |
448 |
|
|
Other |
26 |
14 |
28 |
8 |
8 |
8 |
|
|
|
443 |
440 |
472 |
458 |
451 |
456 |
|
Expenditure |
|
|
|
|
|
|
|
|
|
Staffing |
336 |
365 |
374 |
393 |
395 |
417 |
|
|
Premises |
31 |
32 |
35 |
34 |
35 |
35 |
|
|
Services & Supplies |
58 |
56 |
60 |
45 |
34 |
35 |
|
|
Total: |
425 |
453 |
469 |
472 |
464 |
487 |
|
Net current Income-Exp.: |
18 |
-13 |
3 |
-14 |
-13 |
-31 |
|
|
|
b/fwd from previous year |
46 |
64 |
51 |
54 |
40 |
27 |
|
Net balance c/fwd (reserves): |
64 |
51 |
54 |
40 |
27 |
-4 |
|
|
2. CAPITAL |
Capital Income |
21 |
26 |
26 |
28 |
28 |
28 |
|
|
Capital expenditure |
14 |
40 |
31 |
25 |
30 |
39 |
|
Net Capital Income-Exp.: |
|
7 |
-14 |
-5 |
3 |
-2 |
-11 |
|
|
b/fwd from previous year |
8 |
15 |
15 |
10 |
13 |
11 |
|
Net balance c/fwd: |
15 |
1 |
10 |
13 |
11 |
0 |
|
|
School Roll: |
|
|
137 |
134 |
131 |
127 |
|
Among the planned capital expenditure over the next 3 years is the continuation of the toilet refurbishment plan, and some significant ICT investment (the ICT suite is now 4 years old).