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How do top-end private schools spend their money?

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How do top-end private schools spend their money?

The main income item of prestigious private schools - tuition fees, most often quite high. But there are also enough expenses for private boarding houses: public utilities, salaries for numerous employees, provision of boarding and social programs, and investments in school development (additional electives and courses, laboratories, sports facilities and much more). In this article, with the example of several top private boarding schools, we will show how much money is earned and how much the English schools spend (data on the Charity Commission website).

1. Eton College (Eton College) .

The tuition fee is 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:

  • Training = £ 18 million
  • Campus content = £ 16 million
  • The cost of improving the boarding house, 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 £ 220-229 thousand.

Extremely expensive and the 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 the ages of 13 and 18 , And 20% of them have discounts on training.

2. Harrow School (Harrow School) .

Again, the main income is tuition fees. A total of 830 boys aged 13 to 18 years are trained here (Harrow has been given separate education): 85 fellows 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 (of which the cost of free tuition for schoolchildren of preferential categories is £ 2.2 million).

The following items are included in the list of basic expenses: [999.43 ]

  • Salaries to 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. [999.56 ]

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.

3. Wellington College .

The school, founded in 1853, uses a collaborative learning scheme - both boys and girls study here. Tuition fee is £ 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 trained 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)
  • [ 999.71] Total costs = £ 41.7 million (including costs at Wellington Academy). This includes the cost of preferential training for some students - £ 2.55 million. In total, 1,050 children aged 13 to 18 years are enrolled in the school (370 people from 3 to 13 years study in the preparatory Eagle House), 22% of whom 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.

4. Charterhouse School (Charterhouse School).

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

In total, 804 students aged 13 to 18 years are enrolled in the school, and 281 of them have a substantial discount on Training, 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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