Shrewsbury School Governors' Report 2020-21
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<strong>Shrewsbury</strong> <strong>School</strong><br />
Governors’<br />
<strong>Report</strong><br />
<strong>2020</strong>-<strong>21</strong>
<strong>School</strong> Aim: to educate and empower each<br />
individual pupil to flourish in life<br />
and contribute positively to the world<br />
around them.<br />
Strategic Mission: to champion our unique<br />
identity and advance <strong>Shrewsbury</strong><br />
<strong>School</strong> as a national and world<br />
leader in whole person<br />
boarding and day<br />
co-education.<br />
2
Introduction<br />
I am delighted to present the annual Governors’ <strong>Report</strong>. This covers the <strong>2020</strong>-<strong>21</strong><br />
year and aims to report headline facts and figures of the past year to <strong>Shrewsbury</strong><br />
<strong>School</strong>’s stakeholders.<br />
The academic year started with various COVID-19<br />
restrictions but that didn’t stop <strong>Shrewsbury</strong> thriving to<br />
its full potential – in fact, it seemed to spur everyone on.<br />
While we were in the world of remote learning, the<br />
Salopian community grabbed the 40in40 Lockdown<br />
Challenge with both hands. The challenge encouraged all<br />
pupils, staff, parents and Old Salopians to get out and<br />
about to highlight the importance of staying active to<br />
benefit both physical and mental wellbeing, at the same<br />
time raising money for charity.<br />
The year started with events taking place online – from<br />
Salop’s got Musical Talent, to STEM Potential, to<br />
Cambridge University Debating Competitions, and our<br />
pupils took every challenge that they were faced with and<br />
not only overcame them but excelled while doing so.<br />
However, it wasn’t long before we were able to welcome<br />
pupils and staff back on site, and to see a school full of<br />
life again was a joy for all. Regular activities resumed<br />
and pupils were back on stage performing their energetic<br />
rendition of FAME, on the sports pitches for both house<br />
and national competitions and taking part in annual school fixtures such as The Tucks, House<br />
Singing and the festive Carol Concerts. It was like they had never been away.<br />
We received the good news that our Futures Department was recognised for its hard work and<br />
was shortlisted for an award in the Student Careers category of the Independent <strong>School</strong> of the<br />
Year 20<strong>21</strong> awards, a category that seeks schools which help its students with on-going advice and<br />
support for their future, and we became history makers – our girls’ First VIII made history as the<br />
first girls to win a VIII race at Henley.<br />
I am delighted to report that the school continues to thrive and we look to the future with<br />
confidence, retaining our focus on providing a diverse, inspiring and supportive educational<br />
experience for all the pupils in our care.<br />
Tim Haynes<br />
Chairman of the Governing Body<br />
3
Our Ethos<br />
<strong>Shrewsbury</strong> <strong>School</strong> delivers whole person education in a thriving<br />
and inclusive boarding and day school community that champions<br />
the individual.<br />
We believe that the true purpose of education<br />
is the cultivation of inner virtues, life skills and<br />
character strengths that equip our young people<br />
with the confidence and direction to pursue<br />
meaningful and successful lives.<br />
Our distinctive model of whole person<br />
education - Floreat - offers deep learning in a<br />
challenging yet kind environment.<br />
Academic excellence is achieved through a<br />
wide-ranging curriculum that uncovers and<br />
encourages a genuine love of learning, alongside<br />
inspirational teaching that challenges each pupil<br />
to strive for her or his own personal best.<br />
Founded in 1552, the <strong>School</strong> is steeped in<br />
history and heritage, but we always look to<br />
innovate and evolve the pupil experience.<br />
In the spirit of our most celebrated former<br />
pupil, Charles Darwin, we believe that a truly<br />
excellent education evolves and adapts to meet<br />
the challenges of the present and embrace the<br />
opportunities of the future.<br />
After <strong>Shrewsbury</strong>, our leavers become valued<br />
members of one of the most enduring,<br />
dynamic and empowering educational<br />
networks in the world. A <strong>Shrewsbury</strong><br />
education lasts a lifetime.<br />
We believe that school should be ‘serious fun’:<br />
because learning and enjoyment go hand in<br />
hand. Learning takes place not only in the<br />
classroom, but also through a vibrant and<br />
demanding co-curricular programme and in the<br />
pastoral and communal life of the <strong>School</strong>.<br />
Standing in the Christian tradition, but with<br />
an open-hearted approach to those of all faiths<br />
and none, we pursue kindness, wisdom, truth<br />
and meaning. We foster a spirit of tolerance<br />
and acceptance. We encourage a strong sense<br />
of community and social responsibility.<br />
We actively promote a global outlook and<br />
borderless mindset.<br />
4
Salopian Virtues<br />
We actively encourage our pupils to develop a range of character<br />
strengths grouped around six core Salopian virtues:<br />
Wisdom<br />
Intellectual curiosity; love of learning; articulacy; critical thinking;<br />
creativity; originality; open-mindedness; perspective.<br />
Kindness<br />
Compassion; generosity; emotional intelligence; listening;<br />
community spirit.<br />
Courage<br />
Commitment; effort; participation; persistence; enterprise;<br />
self-belief; confidence.<br />
Integrity<br />
Authenticity; roundedness; loyalty; honesty; leadership;<br />
social responsibility; service.<br />
Self-mastery<br />
Humility; acceptance; appreciation of equality and diversity;<br />
tolerance; forgiveness; carefulness; self-discipline.<br />
Spirit<br />
Humour; playfulness; appreciation of beauty and excellence;<br />
gratitude; wonder; hope; direction, purpose and meaning.<br />
5
6<br />
Educational<br />
Achievements<br />
and University<br />
Entrants
Pupils at <strong>Shrewsbury</strong> <strong>School</strong> achieved excellent A Level and GCSE results in 20<strong>21</strong>,<br />
despite being subject to significant stresses and pressures because of the global pandemic.<br />
Public examinations were cancelled for a<br />
second year in a row and the publication of A<br />
Level and GCSE results was a unique process<br />
of Teacher Assessed Grades (TAGs), awarded<br />
by consideration of evidence of achieved pupil<br />
performance.<br />
A total of 66% of all A Level and Pre-U<br />
grades were awarded at A*, A or equivalent<br />
and almost 87% of all grades were A* to B,<br />
allowing over 96% of Upper Sixth pupils<br />
to access their firm or insurance university<br />
offers. 32 pupils achieved a clean sweep of A*<br />
or equivalent grades, with 88 achieving an<br />
equivalent of A* or A in every subject.<br />
76% of all GCSE qualifications awarded to<br />
Fifth Form pupils were graded at 9, 8 or 7<br />
(A* or A). Five pupils achieved a clean sweep<br />
of Grade 9s, 24 pupils achieved a full set of<br />
Grade 9s and 8s (A* equivalent) and 67 pupils<br />
achieved Grade 9,8 or 7 in every subject. 93<br />
pupils (64% of the cohort) gained at least one<br />
Grade 9.<br />
20<strong>21</strong> <strong>2020</strong> 2019 2018 2017 2016<br />
A-Level (A*, A+, B) 87 85 73 80 79 79<br />
GCSE (A*+ A) 76 72 65 66 66 71<br />
<strong>Shrewsbury</strong> pupils were busy enriching their academic experience outside the classroom<br />
and in <strong>2020</strong>-<strong>21</strong>, despite the constraints of the pandemic, they were successful in a widevariety<br />
of academic endeavours and competitions. For example they achieved Crest<br />
and ILM Young Leaders Awards, and participated in competitions ranging from the<br />
Independent <strong>School</strong>s’ Mock Trial Competition to various science and maths Olympiads.<br />
The following examples represent the most outstanding achievements of Salopian pupils across a<br />
field of academic disciplines, with their achievements rightly recognised by external bodies:<br />
Eustacia (L6, M) - BBC Young Writers’<br />
Competition, Winner on the poetry of<br />
A.E Houseman<br />
Mew (L6, O) – KAZ Worldwide touchtyping<br />
champion.<br />
Eustacia (L6, M) – Winner of the<br />
Young Romantics Poetry Prize 20<strong>21</strong> and<br />
Shortlisted for BBC Young Writers Award<br />
for a prose piece ‘A Hundred Moons’.<br />
Phoebe (L6, MSH) – Highly<br />
Commended in the New College of the<br />
Humanities Essay Prize with her essay<br />
‘Is Democracy Experiencing a Setback<br />
Worldwide?’.<br />
.<br />
Issy (MSH U6) – Highly Commended<br />
in the New College of the Humanities<br />
Essay Prize with her essay ‘Should Robots<br />
have Rights?’.<br />
Chemistry Olympiad – Seventeen Sixth<br />
Form pupils took part, achieving four<br />
gold, five silver and five bronze medals -<br />
well above the national average, with over<br />
7000 participants throughout the UK.<br />
7
The table below shows the destinations of our 20<strong>21</strong> leavers and the chart below that shows that the<br />
distribution of degree subjects remains wide and generally consistent with previous years, though<br />
the popularity of Politics and International Relations as a discrete subject area has seen a noteworthy<br />
increase:<br />
Durham University 17 University of the Arts London 4<br />
UCL (University College London) 16 University of Manchester 4<br />
University of Exeter 16 University of Birmingham 4<br />
Newcastle University 14 King's College London 4<br />
Oxford Brookes University 13 Imperial College London 4<br />
University of Bristol 8 University of York 3<br />
The University of Edinburgh 8 Queen Mary, University of London 3<br />
Cardiff University 8 University of Oxford 3<br />
Loughborough University 5 University of Nottingham 3<br />
University of Warwick 4 University of Bath 3<br />
The distribution of degree subjects remains wide and generally consistent with previous years,<br />
though the popularity of Liberal Arts as a course has seen a noteworthy increase, reflecting the allrounder<br />
nature of Salopians.<br />
2% 2% 2% 2% 2%<br />
3%<br />
3%<br />
3%<br />
3%<br />
4%<br />
4%<br />
4%<br />
4%<br />
5%<br />
5%<br />
6%<br />
7%<br />
18%<br />
9%<br />
12%<br />
Business<br />
Engineering<br />
Medical<br />
Geography<br />
Politics / IR<br />
English<br />
History<br />
Art<br />
Liberal Arts<br />
Economics<br />
Sport<br />
Computing<br />
Law<br />
Philosophy<br />
Psycology<br />
Architecture<br />
Biology<br />
Design<br />
Modern Languages<br />
Music<br />
8
9
Co-Curricular<br />
Achievements<br />
This section focuses on the major sporting, musical and<br />
theatrical events, giving a flavour of some of the many<br />
activities during <strong>2020</strong>-<strong>21</strong><br />
10
It was a great joy to go back to in-person activities. For many of<br />
our students, the co-curricular is key to their happiness, personal<br />
development and self-esteem. Whilst the ‘Covid years’ have left us with<br />
some areas to rebuild – and a shorter report than usual – there have<br />
nonetheless been some notable achievements.<br />
Drama<br />
In the Michaelmas Term, House plays were able<br />
to continue in house bubbles, performed to a<br />
socially distanced and masked audience and<br />
live-streamed to parents and the wider school<br />
community:<br />
The Real Inspector Hound (Severn Hill)<br />
Pride and Prejudice (The Grove)<br />
In the Lent term, the school was in remote;<br />
however, we continued to run a weekly Drama<br />
society focusing on monologues to camera.<br />
In the Summer Term, as well as the GCSE and<br />
A level Drama performances, we were able to<br />
stage a further house play and a Third Form<br />
play:<br />
The 39 Steps (Churchill’s Hall)<br />
The Crucible (Third Form)<br />
We celebrated some impressive individual<br />
achievements: two students were awarded places<br />
in the National Youth Theatre (as actors) and<br />
three in the National Youth Music Theatre (1<br />
stage manager, 1 choreographer and 1 musician).<br />
Music<br />
Whilst many of the larger ensembles were<br />
unable to perform, small groups such as string<br />
quartets and chamber choir continued in<br />
a socially distanced format. The St Cecilia<br />
Concert took place to a small internal audience<br />
and was live-streamed to the wider school<br />
community.<br />
Music exams continued to take place, with some<br />
impressive individual results:<br />
5 x ATCL Diplomas (4 with Distinction)<br />
1 x LTCL Diploma (with Distinction)<br />
24 x Grade 8 (5 with Distinction, 9 with<br />
Merit)<br />
9 x Grade 7 (3 with Merit)<br />
62 exams were taken in total<br />
One student was awarded a place in the<br />
National Children’s Orchestra.<br />
11
Sport<br />
In the Michaelmas Term, all Sport took place on<br />
site, with the focus on inter-House competitions<br />
(including the inaugural Girls’ House Football.)<br />
Whilst in remote during the Lent Term,<br />
students had the opportunity to take part in<br />
some virtual competitions, with the Boat Club<br />
taking part in the Virtual <strong>School</strong>s Head of the<br />
River and the Hunt submitting times to the<br />
virtual Coventry relays, resulting in a third place<br />
for the boys’ VIII and an individual top ten time<br />
for one of our Fifth Form girls.<br />
The return to site in the Summer Term marked<br />
a return to external fixtures in cricket, fives,<br />
rowing and athletics, with some impressive<br />
achievements:<br />
National <strong>School</strong>s Regatta – J16 boys (silver),<br />
Championship Girls Four (bronze)<br />
National Fives Championship – finalists<br />
Henley was postponed to the summer holidays,<br />
with both girls and boys training hard<br />
throughout August. Our girls’ First VIII made<br />
history as the first girls to win an VIII race at<br />
Henley.<br />
12
Activities<br />
Whilst restricted to the school site, staff<br />
showed admirable creativity in providing a<br />
range of exciting activities, including the hire<br />
of a climbing wall and bubble football and the<br />
building of an on-site mountain-biking track.<br />
Whilst in remote, the Voluneering@Home<br />
initiative was a particular highlight, with<br />
students baking cakes for care homes, gathering<br />
contributions for the food hub and calling lonely<br />
people in their local communities.<br />
Similarly, the 40in40 Challenge was a triumph<br />
of collective endeavour, with the whole school<br />
community logging the miles they ran, walked<br />
or cycled to raise money for House Charities.<br />
13
14<br />
Scholarships,<br />
Bursaries and<br />
Other Charitable<br />
Activities
Partnership with other schools<br />
and youth organisations<br />
The <strong>School</strong>’s relationship with <strong>Shrewsbury</strong> House Youth Club (known<br />
as ‘the Shewsy’) in Everton, has continued to be key to our partnership<br />
work.<br />
During the year the school helped with the <strong>2020</strong> ‘Refreshing the Vision’ Christmas Big Give Campaign,<br />
raising significant funds at school and in the wider Salopian Community such that match funding was<br />
secured and over £40k raised in total. Around springtime, thoughts then turned to the logistical and<br />
fundraising planning of September’s whole school sponsored walk.<br />
With face-to-face visits still not possible, Dr Richard Barrett (the <strong>School</strong>’s Shewsy Liaison) organised a<br />
series of virtual study visits, enabling all member of the school’s Lower Sixth to get to learn more about our<br />
relationship with the Shewsy. With input from the Warden, Rev. Henry Corbett, his wife Councillor Jane<br />
Corbett, Senior Youth Workers John Dumbell and Charlie Hughes, our students learned about the history<br />
of the link, the current socio-economic challenges facing the Everton community and the work done by the<br />
Shewsy with powerful illustrations using case studies.<br />
Behind the scenes there has been much work designed to streamline and improve governance structures<br />
– with the Headmaster and John Hutchinson leading the way towards conversion to become a Charitable<br />
Incorporated Organisation during this reporting period.<br />
During the year we launched our ‘STEM<br />
Potential’ partnership with Imperial<br />
College, London. Delivered in remote,<br />
this was targeted at talented young Year<br />
10 students from across Shropshire, giving<br />
them the opportunity to develop their<br />
academic interests and to set their sights on<br />
top universities in due course. We worked<br />
creatively and collaboratively with Imperial<br />
and with colleagues from Oundle <strong>School</strong> to<br />
provide enrichment and stretch across the<br />
range of STEM subjects. All those selected<br />
to take part met eligibility criteria based on<br />
Imperial’s widening access programmes.<br />
Elsewhere in STEM we worked with<br />
primary and secondary schools within<br />
the Marches Academy Trust to enrich the<br />
curriculum with various projects led by Dr<br />
Kathryn Broadhouse, our Science Fellow,<br />
including a Make, Integrate and Explore<br />
Environment Programme teaching pupils<br />
to develop their computational skills. In<br />
addition, she provided training for students<br />
to peer review scientific papers via the<br />
‘Frontiers for Young Minds’ programme.<br />
<strong>Shrewsbury</strong> <strong>School</strong> was actively involved in<br />
the <strong>Shrewsbury</strong> DarwIN Festival 20<strong>21</strong>, held<br />
virtually, sourcing and hosting speakers from<br />
around the globe to deliver expert talks on<br />
Charles Darwin and evolution.<br />
<strong>Shrewsbury</strong> <strong>School</strong> has been part of a<br />
steering group working on a pilot project<br />
with other independent schools and state<br />
partners called ‘Expert Ed’. The concept is<br />
to pool resource, contacts and expertise to<br />
provide a free programme of curriculum<br />
enrichment, careers advice and key note<br />
speakers to Years 5-9 pupils with sign ups<br />
across the country.<br />
In Maths we maintained our link with<br />
<strong>Shrewsbury</strong> Academy <strong>School</strong> Year 11 GCSE<br />
students, with some extra Year 10 support<br />
given during the year.<br />
15
During lockdown periods our staff provided<br />
enrichment subject-related talks as part of a<br />
‘Go Further’ programme. These were offered<br />
outside the school to local state schools and<br />
this was greatly valued. Our Hispanic Fellow<br />
was able to maintain support for a local<br />
state school (The Priory <strong>School</strong>) via Teams<br />
ensuring that Year 10 and Year 11 Spanish<br />
students could continue to make progress.<br />
The school provided 3 hours’ pro bono, with<br />
another 3 hours’ as part of a SLA.<br />
Support for bright and ambitious state school<br />
students continued to grow for those looking<br />
to apply to Oxbridge and / or competitive<br />
courses such as medicine and veterinary<br />
science. <strong>Shrewsbury</strong> staff provided individual<br />
and group tutoring, UCAS support, advice<br />
about entrance tests and interview practice.<br />
Our Head Librarian offered support /<br />
training for EPQ delivery to the subject lead<br />
at the Marches Academy Trust.<br />
Our ‘Futures’ Department opened up virtual<br />
career talks and seminars to the wider<br />
community with more than 40 schools<br />
invited to join us. Elsewhere, our Head<br />
of Futures, Chris Wain, is one of three<br />
colleagues working closely in a pilot scheme<br />
with ‘Royal SpringForward’ looking at<br />
mentoring disadvantaged students in the care<br />
system as they work through Sixth Form and<br />
look towards their next steps.<br />
A total of 12 members of <strong>Shrewsbury</strong> staff<br />
held trustee / governor roles supporting 20<br />
schools throughout the county, covering<br />
both primary and secondary educational<br />
settings and including Severndale Specialist<br />
<strong>School</strong>. These roles were in support of both<br />
strategic and operational functions.<br />
In Sport, our ‘Dedicated Athletes<br />
Programme’ continued with a remote<br />
programme during the year. Sporting<br />
challenges – global in reach - designed to<br />
help young people keep fit whilst at home<br />
were also opened up to state schools in the<br />
county. When possible, we were able to offer<br />
our facilities to support swimming lessons<br />
and sport development.<br />
In Art, virtual life-drawing sessions were<br />
opened up to local state schools whilst in<br />
remote. Art-related lectures were also offered.<br />
More widely, in support of the community<br />
more generally, the <strong>School</strong>’s activity included:<br />
Sending links to recordings of lunchtime<br />
concerts, house-singing and Christmas<br />
concerts to local care homes.<br />
Raising awareness of our partnership work<br />
with the Food Bank + with features for the<br />
Salopian Community around the House<br />
Singing competition, as well as a direct<br />
fundraising appeal during the event.<br />
The ‘Volunteering @ Home’ initiative was a<br />
great success, with Salopians doing much to<br />
support their local communities in the UK<br />
and overseas.<br />
The school community raised over £71k for<br />
25 charities in <strong>2020</strong>-<strong>21</strong>, with each boarding<br />
house raising funds for its own nominated<br />
charity during that period.<br />
During Outdoor Week Salopians did<br />
environmental work for the local council.<br />
16
The <strong>School</strong> awards charitable<br />
grants in the form of<br />
scholarships and bursaries.<br />
These are an important part of our policy to ensure that the benefits of a<br />
<strong>Shrewsbury</strong> Education are accessible to those who do not have the means<br />
to pay the full fee.<br />
Scholarships are prizes based on competitive examination, while bursaries are means tested awards for<br />
talented pupils who would not otherwise be able to attend the <strong>School</strong>. In many cases, means tested awards<br />
are used to augment scholarship awards.<br />
The <strong>School</strong> awarded scholarships worth £3.9m during <strong>2020</strong>-<strong>21</strong>, of which £2.7m were means tested.<br />
Scholarships and Bursaries are funded for charitable donations, commercial activities, modest income from<br />
the <strong>School</strong>’s endowed funds and from school fee income. The total remission figure was 14.5% of gross fee<br />
income. Separately Packwood Haugh provided scholarships and bursaries of £0.35m (9.9% of fee income) in<br />
<strong>2020</strong>-<strong>21</strong>.<br />
The table below provides detail for <strong>Shrewsbury</strong> <strong>School</strong>:<br />
Pupils<br />
Remission<br />
% of fee<br />
income<br />
Total<br />
recipients<br />
Means<br />
tested<br />
recipients<br />
Means<br />
tested £<br />
Means<br />
tested % of<br />
fee income<br />
816 £3,898,502 14.5% 351 194 £2,731,977 10.14%<br />
The table below analyses the level of remission awarded to the 170 pupils in receipt of means tested<br />
awards:<br />
Number of means tested<br />
awards<br />
0–25% 26%–49% 50%–74% 75%–99% 100%–110%<br />
46 69 52 16 11<br />
A detailed grant making policy is available on the school’s website.<br />
17
18<br />
A summary<br />
of the financial<br />
results
The tables and graphs below are based on extracts from the <strong>School</strong>’s<br />
consolidated management accounts for the year ending 31st July 20<strong>21</strong>.<br />
The net movement in funds tie to the consolidated statutory accounts<br />
available on the Charity Commission website.<br />
The <strong>School</strong> aims to generate an operating surplus of around 5% of education related income to reinvest in<br />
the <strong>School</strong> for the future. (Operating surplus is defined as the surplus of the school fee income over school<br />
operations expenditure, excluding investment and trading income and interest and fund-raising expense).<br />
This is the second year in which the financial results of Packwood Haugh <strong>School</strong> have been consolidated<br />
into the overall <strong>Shrewsbury</strong> <strong>School</strong> accounts. In the year ending 31st July 20<strong>21</strong> average <strong>Shrewsbury</strong> pupil<br />
numbers were 816 with a further 181 at Packwood. This has translated into a net operating surplus of<br />
£0.819m. It should be noted that the overall operating surplus during <strong>2020</strong>-<strong>21</strong> has fallen for two reasons:<br />
A small net operating deficit in the Summer Term 20<strong>21</strong> as a result of the reduction in fees for the<br />
COVID 19 lockdown during Lent Term 20<strong>21</strong>.<br />
Packwood Haugh <strong>School</strong> is currently operating at a deficit. In the medium term the charity is working to<br />
return this to a surplus position.<br />
<strong>Shrewsbury</strong> <strong>School</strong> Consolidated<br />
Income & Expense<br />
<strong>2020</strong>-<strong>21</strong> 2019-20<br />
£’000 £’000<br />
Gross Fees and other educational income 30,307 29,019<br />
Scholarships and fee remissions (4,251) (3,637)<br />
Bursary Funding (mainly from Foundation) 492 541<br />
Incoming Resources from school operations 26,548 25,923<br />
(net of fee remissions)<br />
<strong>School</strong> operating expenses (26,125) (25,200)<br />
Operating Surplus (Deficit) 424 723<br />
Operating Surplus % 1.6% 2.8%<br />
Investment Income and Net Income from Commercial Activities 861 918<br />
Fundraising & Financing Expenditure (467) (551)<br />
Net Operating Surplus (Deficit) 819 1,090<br />
Donations and Property disposals 1,802 782<br />
Pension Revaluation and investment gains/losses 1,444 (1,598)<br />
Transfer of net assets of Packwood 4,444<br />
NET MOVEMENT IN FUNDS 4,064 4,717<br />
The <strong>School</strong> continues to derive a portion of its income from <strong>Shrewsbury</strong> International <strong>School</strong>s and commercial<br />
lettings during the holidays to assist with the funding of bursaries.<br />
19
The pie chart below shows costs including fee remissions for <strong>2020</strong>-<strong>21</strong> of<br />
£30.3m. Staff and utility costs remain the major areas of expenditure.<br />
However, the depreciation charge continues to increase as a result of the<br />
capital expenditure programme in recent years.<br />
1% 1% 0%<br />
8%<br />
12%<br />
Bursaries & Scholarships<br />
Teaching Costs<br />
11%<br />
Welfare Costs<br />
14%<br />
40%<br />
Premises Costs<br />
Support Costs<br />
Depreciation<br />
Foundation<br />
Financing<br />
12%<br />
Other<br />
The financial position of the <strong>School</strong> remains sound. However, the <strong>School</strong> does not have substantial endowed<br />
funds and its assets consist mainly of the school site and buildings. The <strong>School</strong> aims to raise funds to invest<br />
in the future from operating surpluses, the generosity of its donors and from the expansion of appropriate<br />
commercial activities.<br />
20
<strong>21</strong>
22<br />
International<br />
<strong>School</strong>s
Despite ongoing travel restrictions, links between <strong>Shrewsbury</strong> <strong>School</strong><br />
and its licensed international sister schools have continued with regular<br />
interactions taking place virtually, including UK Governor participation<br />
at the Advisory Board meetings, regular meetings with the international<br />
principals and online operational linkages.<br />
The inaugural <strong>Shrewsbury</strong> <strong>School</strong> International Leadership Seminar took place at the beginning of the year<br />
and another meeting is being planned early next year.<br />
Business development activity has also progressed well with the notable signing of agreements to establish<br />
<strong>Shrewsbury</strong> International <strong>School</strong> in Phnom Penh, Cambodia.<br />
A summary of progress across areas of focus is given below:<br />
Bangkok Riverside – remains the<br />
international school of choice in the<br />
city, however enrolment is proving more<br />
challenging than previously as competition<br />
grows. The pupil roll is expected to be<br />
just over 1800 next term, and a recently<br />
completed expansion project ensures ample<br />
capacity for future growth. Despite periods<br />
of lockdown throughout the year, the school<br />
has coped well and provided an effective<br />
remote learning programme. The current<br />
Head of Senior <strong>School</strong> is to be promoted<br />
to take over as Principal at the beginning<br />
of next academic year and other senior<br />
leadership changes are underway.<br />
Bangkok City Campus – enrolment<br />
continues to grow with almost 400 pupils<br />
expected to start next term. Links continue<br />
to grow stronger between the two Bangkok<br />
campuses and a new Bangkok Marketing<br />
Director is working across both sites with a<br />
focus on providing a unified narrative.<br />
Hong Kong – enrolment continues to grow<br />
with current pupil roll at 380. Strict travel<br />
and quarantine measures in the territory<br />
continue to pose challenges, however, the<br />
Principal and senior team continue to do an<br />
excellent job, ensuring the very best primary<br />
provision.<br />
China – the Shanghai project was<br />
terminated due to difficulties in obtaining<br />
an operating licence. The school in<br />
Nansha, Guangzhou is now due to be<br />
the founding school in China opening in<br />
2022. A kindergarten is planned as well as<br />
a <strong>Shrewsbury</strong> branded full international<br />
school covering primary and secondary<br />
years following a UK based curriculum. The<br />
existing licence agreement is being extended<br />
(as it previously covered only the last three<br />
years of the school).<br />
Cambodia – agreements were signed<br />
with Tutor Impact to set up <strong>Shrewsbury</strong><br />
International <strong>School</strong>, Phnom Penh in<br />
Cambodia working with the multinational<br />
property developer Meridian International.<br />
This represents a new relationship for the<br />
<strong>School</strong> and Cambodia will be our first non-<br />
SIA international school. The project will<br />
be implemented in two phases with early<br />
years (ages 2 to 5) due to open in September<br />
2022 at a brand new existing premium city<br />
location followed by primary and secondary<br />
boarding and day provision on a purposebuilt<br />
greenfield campus in September 2024.<br />
Business Development – the focus on<br />
identifying and partnering with new<br />
investors to expand the <strong>Shrewsbury</strong> family of<br />
schools into further territories continues with<br />
progress expected in other key territories<br />
shortly.<br />
23
24<br />
Buildings and<br />
Improvements<br />
to the <strong>School</strong><br />
Infrastructure
There were a number of capital projects previously delayed in 2019-20 due<br />
to the COVID-19 pandemic that were restarted in <strong>2020</strong>-<strong>21</strong>.<br />
Riggs’ Hall refurbishment commenced on site in the summer of 20<strong>21</strong>, and is programmed to be<br />
completed at Easter 2022. Also in the summer of 20<strong>21</strong> modifications were made to the Grove to expand<br />
its capacity for the Michaelmas Term 20<strong>21</strong> girls pupil numbers.<br />
The Fifth Girls’ House successfully navigated its way through the Planning Permission process, the<br />
technical design is completed and the project is currently at construction tender. Works are planned to<br />
start on site next year, with completion ready for Michaelmas Term 2023.<br />
As always a number of smaller projects were started and completed in order to keep on top of key<br />
condition items.<br />
25
26<br />
<strong>Shrewsbury</strong><br />
<strong>School</strong><br />
Foundation
Following the success of last year, we were humbled by the generosity of<br />
our donors, enabling us to celebrate, again, a year of growth and success<br />
in the Development Office, and all in support of the <strong>Shrewsbury</strong> <strong>School</strong><br />
Foundation.<br />
Despite the best efforts of the pandemic,<br />
fundraising this year increased 10% over the<br />
prior year, which is a very valuable boost for the<br />
<strong>School</strong>’s charitable endeavours.<br />
Our Campaign <strong>2020</strong>-30 is now well in-flight,<br />
and throughout the year we held fast to our<br />
priority of raising funds for the Means Tested<br />
Bursary Fund. This provides qualified candidates,<br />
who might not otherwise have been able to do<br />
so, with the opportunity to attend <strong>Shrewsbury</strong><br />
<strong>School</strong>, and speaks directly to our commitment<br />
to our social mission.<br />
Furthermore, with this strengthened focus on<br />
social responsibility, we have also sought to<br />
increase the number of Transformative Means<br />
Tested Bursaries we are able to offer. Our<br />
definition of ‘Transformative Means Tested<br />
Bursaries’ being those which enable young people<br />
requiring 75% – 110% remission of fees to attend<br />
the <strong>School</strong>.<br />
In the year, our most recent Fundraising<br />
Telephone Campaign raised over £360,000,<br />
which not only hugely exceeded our target, but is<br />
more than double the amount that the <strong>School</strong> has<br />
ever raised before through this kind of activity.<br />
Moreover, this campaign directed 98.18% of its<br />
proceeds to the Means Tested Bursary Fund; a<br />
powerful indicator of the promptness, warmth<br />
and resonance of this cause with our alumni,<br />
friends and supporters.<br />
Fundraising continues to form a vital part of<br />
the <strong>School</strong>’s capacity to deliver its mission,<br />
influencing positively a number of the <strong>School</strong>’s<br />
strategic objectives to 2030. Our ten-year global<br />
Advancement strategy sets out an ambitious<br />
campaign, with an initial focus of supporting<br />
Means Tested Bursaries, whilst retaining the<br />
ability to welcome some new projects alongside<br />
in future. We are progressing with confidence<br />
toward the <strong>School</strong>’s commitment to meet its<br />
strategic objective of increasing the number of<br />
Transformative Means Tested Bursary recipients<br />
to a target of 40 pupils annually by 2030.<br />
To those members of our global community who<br />
are already part of the roll call supporting any<br />
aspect of <strong>School</strong> life through the <strong>Shrewsbury</strong><br />
<strong>School</strong> Foundation, we are most grateful.<br />
We remain motivated by the inspirational loyalty,<br />
engagement, and generosity of our alumni,<br />
friends and supporters, who enable <strong>Shrewsbury</strong> to<br />
remain strong as a community united in purpose,<br />
and with clarity of vision for its future.<br />
27
<strong>Shrewsbury</strong> <strong>School</strong><br />
Independent <strong>School</strong> of the Year<br />
The <strong>School</strong>s, <strong>Shrewsbury</strong> SY3 7BA<br />
Tel: 01743 280552<br />
Email: admissions@shrewsbury.org.uk<br />
www.shrewsbury.org.uk<br />
HIGHLY COMMENDED<br />
Boarding <strong>School</strong> of the Year<br />
SHORTLISTED<br />
Creativity Award<br />
WINNER<br />
Independent <strong>School</strong> of the Year<br />
WINNER<br />
Community Outreach Award