Sub-Warden, St Edward's Oxford -Candidate information

BURSARIES & SCHOLARSHIPS

FINANCIAL POSITION Responsibility for the School’s financial strategy, operations, compliance and outcomes lies with the Governors, working closely with the Warden and the Bursar. All of the School’s day-to-day financial operations are managed by the Bursar, including billing, purchasing and payroll for some 520 staff. The School’s primary source of income is fees, amounting to some £30million gross per annum from a growing number of pupils with a stable ratio of boarding to day places. Other sources of income include letting of the School’s facilities and returns on the investment portfolio. After payroll and other costs of teaching and accommodating some 775 pupils, the School generates a net income before investment gains of around £1million per annum. The School’s balance sheet is robust, due to the prime location of the School’s campus and the extensive residential property portfolio in North Oxford. In order to fund recent development projects, the School raised £30million through an unsecured bond issue in 2018. Full financial information can be found in the School’s annual report and financial statements for the year ended 31 August 2021.

It is important to everyone at St Edward’s that the education offered by the School is not restricted to those who can afford the full fees. Any pupil applying to the School in Years 9 or 12 is eligible to apply for a means-tested Bursary (fee support), which is available for up to 100% of fees – or more in some instances. The School offers Scholarships and Awards to recognise both academic potential and the ability to excel in co-curricular activities. Academic and Music Scholarships are offered alongside Sports and Arts Awards (depending on the year of entry, Arts Awards cover Art, Dance, Drama and Design Technology). Scholarships come with a fee remission of £2,000 per annum, while Exhibitions (the second level of Scholarship) and Sports and Arts Awards are worth £1,000 per annum. Currently, 107 pupils (14%) are in receipt of a means-tested Bursary and a further 97 are in receipt of a Scholarship, Exhibition or Award. It is the School’s ambition to see the number of substantial means-tested bursaries grow over the coming years. This will be facilitated by fundraising across our alumni and parent communities, who continue to be very supportive of the School’s evolving vision.