As permitted by Derbyshire County Council financial regulations, our school operates a Private School Fund account. The income into this account is separate from the main funding that the school receives from the Local Authority. The Private School Fund is used to purchase additional items for the school. The accounts for the fund are audited on an annual basis by an independent auditor, appointed by the governing body.
During the 2015/16 academic year, the receipts into the Private School Fund were as follows:
Commission on school photograph sales £398.23
Credit interest on bank accounts £1.03
Total income £399.26
During the 2015/16 academic year, there was no expenditure from the Private School Fund.
The current balance on the Private School Fund account is £2801.69