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Victoria College and Victoria College Preparatory: Approval of Fees

A decision made on 10 September 2019:

Decision Reference: MD-ESC-2019-0004

Decision Summary Title:

Victoria College and Victoria College Preparatory - request by governing body to increase fees for the academic years 2019-2020 and 2020-21

Date of Decision Summary:

10 September 2019

Decision Summary Author:

Finance Business Partner

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Fee increases for fee-paying provided schools –

Victoria College and Victoria College Preparatory

Date of Written Report:

6 September 2019

Written Report Author:

Finance Business Partner

Written Report :

Public or Exempt?

Exempt

Article 33

Subject: 

Victoria College (“VC”) and Victoria College Preparatory (“VCP”) - Approval of fees for the academic year 2019-2020.

Decision(s): 

The Minister approved the fees for the 2019-20 academic year proposed by the governing body of VC (£1,916 per term from September 2019 and £2,060 per term commencing January 2020) and VCP (£1,899 per term from September 2019 and £2,042 per term commencing January 2020) This represents an increase of 7.5% from January 2020 in order to meet anticipated costs.

 

The Minister also approved the fees for the 2020-21 academic year proposed by the governing body of VC (2,163 per term) and VCP (£2,144 per term), an increase of 5% in order to meet anticipated costs.

 

The Minister further agreed that, in accordance with Financial Direction 4.1 “Increases in States Fees and Charges”, the Minister for Treasury and Resources should be requested to endorse the fee increases for VC and VCP.

Reason(s) for Decision:  

To meet the requirements of Article 13a of the Education (Jersey) Law 1999 which requires that the fees set by the respective governing body are approved by the Minister.

Resource Implications:  

The fee increase for VC is forecast to result in additional income of £361,000 in 2020, being circa £191,000 arising from an increase of 7.5% from January 2020 plus a further £170,000 from September based on an additional 5% (on top of the 7.5%) for the academic year 2020-2021.

 

The fee increase for VCP is forecast to result in additional income of £152,000 in 2020, being circa £81,000 arising from an increase of 7.5% from January 2020 plus a further £71,000 from September based on an additional 5% (on top of the 7.5%) for the academic year 2020-2021.

Action required:  

In accordance with Financial Direction 4.1 “Increases in States Fees and Charges”, to request the approval of the Treasurer of the States, under delegated authority, for the fees in respect of Victoria College and Victoria College Preparatory to be increased by more than 2.5%. To advise the governing body that the Minister has approved the increase in fees.

Signature:

Position: Minister for Education

Date Signed:  

Date of Decision:  

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