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School Private Fund

As permitted by Derbyshire County Council financial regulations, our school operates a School Private Fund account. The income into this account is separate from the main funding that the school receives from the Local Authority. The School Private 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 2020/21 academic year, the receipts into the School Private Fund were as follows:
 
Credit interest on bank accounts   £0.12

Total income   £0.12
 
During the 2020/21 academic year, the payments from the School Private Fund were as follows:

 

Purchase of musical instruments   £621.70

Total expenditure   £621.70


 The current balance on the School Private Fund account is £3,463.16

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