What kind of world have we created when schools are now reporting
their profits in the company results? I don't mean public schools.
These are state established schools which have new names.
Only today
(Wednesday, 26/4) the company results in the Eastern Daily Press included figures
for Notre Dame and Taverham High Schools.
NDHS turned in a profit of
£601,000 on a turnover of £7.7m.
Taverham chipped in a profit of
£839,000, an amazing result given a turnover of £3.3million!
I am sure this has pleased the "shareholders" who, for ND hold
£1.8million worth of equity while at Taverham they have a mere
£874,000. But no idea who they are. And we read that ND has "assets" of £2.7million and
Taverham "assets" valued at £1.4m.
But can anyone explain where all this has come from and where it
will go?
After all, the assets are the buildings and land paid for by
taxpayers, through Norfolk County.
And the turnover is taxpayers
money which means the profit is as well. Where will it go? Who now
owns the "assets"?
