St David’s College is enjoying an excellent year from a financial perspective.
Pupil numbers have increased and particularly in boarding. The increased revenue combined with a strict cost control environment means we will achieve a healthy financial surplus for year ending 31 August 2019.
We have a strong balance sheet combined with a large cash balance which has enabled us to invest in the current site with numerous improvements to boarding and facilities, including a new Sixth Form Centre. Improvements have been made to the forecourt to improve safety and traffic flow. We are also building an extension to our Augusta House boarding accommodation (subject to planning permission). This will give us 16 additional girl’s boarding beds. For the future we have invested in extra staffing in both teaching and support staff and have plans to add further boys boarding beds and are planning for significant improvements to classrooms, facilities and car-parking. We have also invested in a new lease for six new minibuses arriving October 2019.
Our financial projections for the following 5 years show a progressively improving financial position. Kathy Baines, Bursar.