Finances

The finances of large secondary schools are generally organised into Public and Private funds. Public funds are the grants received from central government for the day to day running costs of the school. They are used to pay salaries, provide educational equipment and text books, premises and maintenance costs, insurances, examination entry fees and all the other requirements of a maintained school.

Private funds cover all the other forms of income that schools collect that are not from the public purse. Nonsuch, like many schools, maintains a School Fund with generous donations from parents, but the School has also worked hard to develop other sustainable forms of income to supplement the public funds. These include rent from David Lloyd and the on-site nursery, income from sports and other lettings and the surpluses from the school's trading company, Nonsuch Business Enterprises.

All maintained schools are required to produce an annual statement of income and expenditure for public funds at 31 March each year. The annual statements conform to the government's Consistent Financial Reporting (CFR) format, which enables the financial performance of schools to be compared locally and nationally. The annual comparative exercise, which is known as benchmarking, is an important part of the Governing Body's financial monitoring procedures.
The public and private accounts are audited by the School's external auditors. Statements of the school's annual public fund income and expenditure are available by following the links from the drop-down menu on this page. Parents can view more information on how Nonsuch is funded and statements of the school's private funds in the parents' area.