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Harrop Fold raised £1,570 from 55 supporters

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Closed 31/08/2018

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£1,570raised of £1,700,000 target by 55 supporters

    Weʼve raised £1,570 to Clear a legacy debt that we have been reducing each year. We now want to clear the debt completely, putting our students first.

    Salford, Greater Manchester, United Kingdom
    Funded on Friday, 31st August 2018

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    Story

    In 2009 Harrop Fold had accumulated the largest deficit in the UK, which was forecast to hit £6.7 million by 2013. Drew Povey stepped up into the Headteacher role at this time, inheriting this toxic debt, and worked on developing a new culture and reimagined the school for the next generation of young people from our community. Significant workforce reductions were made (67%) and all possible savings were identified. This resulted in close to £1 million of savings, which enabled the school to have a balanced in-year budget for the first time in many years. All this was achieved within one academic year.

    Good financial stewardship was the catalyst to this successful debt management. The school is arguably the most efficient in the UK due its debt management focus. In 2010 a ten-year deficit recovery plan was agreed whereby the school would pay back £3 million to the Local Authority over a ten-year period out of the annual revenue budget. The deficit currently stands at approximately £1.7 million as a result of (pro-rata’d) annual repayments of c. £186k. This £3m ‘profit’ has to be found from money that should be spent improving the lives of our young people and the community that we serve.

    Our financial position is such that we will not take the school where it could and should be if we continue on the path that we currently follow. Without the debt we could enter the new world for our students and stakeholders…

    - Smaller class sizes achieved through the appointment of more teachers

    - More computers for all students and wider ICT provision

    - More Teaching Assistants appointed to support our most vulnerable students

    - Expanded curriculum to include vocational subjects including construction, hair & beauty etc

    - Enhanced resources for students including additional text books and extended study materials

    - A mini bus

    - Access to a wider range of alternative provision for difficult to reach students (we do not exclude students and haven’t done for ten years)

    Updates

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    Harrop Fold

    Updates appear here

      1 year ago

      Harrop Fold started crowdfunding

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      Page last updated on: 12/21/2017 12:24 PM

      Supporters

      55

      • Maureen Dyroff

        Maureen Dyroff

        Dec 21, 2017

        Enormous thanks in having the faith that you can make the difference. Have you thought of an on-line petition to the government asking for the debt to be written off using Change.org , very effective!

        £50.00

      • Anonymous

        Anonymous

        Nov 19, 2017

        Keep up the good work we were impressed with what we saw on the TVs series

      • Anonymous

        Anonymous

        Oct 29, 2017

        Keep up the good work

        £30.00

      • Anonymous

        Anonymous

        Oct 26, 2017

        In recognition of your dedication to the students in your care.

        £30.00

      • Ian and Joanna Panton

        Ian and Joanna Panton

        Oct 22, 2017

        Inspirational - all best wishes for the future.

        £100.00

      • Karen Morrison

        Karen Morrison

        Oct 21, 2017

        Loved everything about your show. The students, their families and I especially loved the time and care the staff showed the students including the headteacher. ❤️

        £20.00

      • Anonymous

        Anonymous

        Oct 20, 2017

        £30.00

      Great people make things happen

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      About Crowdfunding
      About the fundraiser
      Harrop Fold

      Harrop Fold

      Salford, Greater Manchester, United Kingdom

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