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How do TOP private schools abroad spend money?


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How do TOP private schools abroad spend money?

The main income item of prestigious private schools - tuition fees, most often quite high. But there are also enough expenses for private boarding schools:

  • public utilities
  • salaries for numerous employees
  • provision of boarding and social programs
  • investments in school development
  • additional electives and courses, laboratories, sports facilities, etc.

In this article, with the example of several TOP private boarding schools, SMAPSE experts will show how much money is earned and how much the English schools spend (data from the Charity Commission Website).

 

Tuition fees are 60% of the total profit of the school - the net indicator for this parameter in 2014 was £ 38 million (already excluding scholarships, discounts and social benefits ). Main costs:

  • Education = £ 18 million
  • Campus content = £ 16 million
  • The cost of improving the boarding school, providing a level of comfort for the boarders = £ 10 million
  • Salary of staff (administration, teachers, instructors and educators) = £ 33 million
  • Salaries for educational agents, medical personnel and invited sports instructors = £ 1 million.

According to the school, there are about 916 people working here, 123 of them earning more than £ 60,000 per year (already including tax collections). Tax income at this rate is a record £ 220,000-229,000.

Extremely expensive is maintenance of the territory: on the campus there are 398 buildings, 78 of which have the status of historical, cultural and architectural monuments and must be kept in proper condition. In 2013, the amount spent on restoration and renovation of buildings increased from £ 3 million to £ 13 million due to a large-scale reconstruction. Today, Eaton's property is estimated at £ 70 million, which is £ 8 million more than the previous year. So, the main figures are brief (for 2014):

  • The total income = £ 62 million (of which the school's gross fees = £ 44 million)
  • Total costs = £ 59 million (of which free education costs = £ 5.8 million).

In total there are about 1,300 children between 13 and 18 years, and 20% of them have discounts on education.

Again, the main income is tuition fees. A total of 830 boys aged 13 to 18 years are taught here: 85 students receive social scholarships (a total of £ 1.9 million). General figures:

  • Total income = £ 55.1 million (of which school gross salaries = £ 27.4 million)
  • Total costs = £ 28 million (the cost of free education for students of preferential categories is £ 2.2 million).

The following items are included in the list of basic expenses:

  • Salaries for teachers = £ 10 million
  • Maintenance, renovation and modernization of buildings and campus = £ 9.5 million
  • Social programs = £ 5.3 million
  • Social support for schoolchildren = £ 3.4 million
  • Overhead
  • Administrative staff compensation.

Income and expenses were recorded for several educational associations: they are directly attributed to Harrow school, as well as Harrow School Enterprises, Harrow Development Trust, Harrow International Schools Limited and The John Lyon school.

An additional source of income are numerous projects in which the school invests funds on time. For example, the Harrow School Cricket Fund, which promotes popularization and normal conditions for playing cricket, earns up to £ 15,000 annually.

The school, founded in 1853, uses a collaborative educational scheme - both boys and girls study here. Tuition fees are £ 11,375 per term (boarding house), there is also a day form - £ 8,350 per term. Scholarships receive 259 students (earned it thanks to academic achievements), and another 76 people are taught on a concessional basis due to the unfitness of families. Key figures:

  • Total revenue = £ 46 million (considering Wellington College, preparatory Eagle House, WC Enterprises and International and five subsidiaries, and donations, of which gross collections are £ 38 million)
  • Total costs = £ 41.7 million (including costs at Wellington Academy). This includes the cost of preferential education for some students - £ 2.55 million. In total, 1,050 children aged 13 to 18 years enter the school (370 people from 3 to 13 years study in the preparatory Eagle House), 22% have a substantial discount on education.

The bulk of the costs - the payment of teachers, there are 185 people working here (£ 17.9 million). £ 10 million was spent on campus and owned buildings, £ 5 million on social support and core programs, £ 4.6 million was auxiliary spending.

There are the following expences:

  • Total revenue = £ 28 million (of which gross fees = £ 25.4 million, including additional music lessons)
  • Total costs = £ 26 million of them, £ 1.6 million for the selected students education - scholarships and grants.

In total, 804 students aged 13 to 18 years enter the school, and 281 of them have a substantial discount, receive scholarships and grants. The cost of one trimester is £ 10,975 for boarders and £ 9,070 for full-time students, without accommodation.

The list of expenses includes teacher fees = £ 11 million, with 47 employees receiving more than £ 60,000 without taking into account retirement deductions. A significant expense is the development of sports: the establishment of infrastructure and construction of new facilities, the creation of new sections and electives, the hiring of instructors and coaches, the establishment of the post of director of sports.

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