| The prime
responsibility of the Foundation Governors of the
School is the administration of the School
Endowment Fund. Since little seems to be known of
the Fund we commissioned the following article. THE PRESCOT SCHOOL
ENDOWMENT FUND
ARTHUR R.
WHITAKER Foundation Governor 1980 -1995
Cerrigydrudion
is a small village situated in one of the most
beautiful parts of North Wales. It is from here,
provided that you have found the right road, that
you will eventually find yourself on a narrow
un-made track leading deep into the Clocae/iog
Forest where ultimately you will reach
Tan-Y-Graig, a small farm nestling on a hillside
where the peace and tranquillity is matched only
by the splendour of the surrounding countryside.
Here you may come across the happy but
unobtrusive sound of young and excited voices as
a small group of pupils from Prescot School
clamber among the rocks of a tumbling waterfall.
Oblivious of their icy soaking, they strive to
reach higher levels, encouraged by their teacher
and those who have already completed the climb.
You will meet other young people attempting the
miniature but challenging assault course of
rope-bridges and other obstacles high in the
trees surrounding Tan-Y-Graig.
These are but
two of the character-building activities which
engage the pupils in this idyllic setting, for
Tan-Y-Graig is no longer a working farm: it is
the new activity centre of Prescot School, It was
in 1992 that Tan-Y-Graig was acquired by the
Prescot School Endowment Fund and with it came an
opportunity to provide for the School a lasting
asset which would benefit not only the present
pupils but their successors for many generations
to come.
A considerable
sum was needed, not only to purchase Tan-Y-Graig,
but to meet the professional fees of the
architects, engineers and builders who would
eventually be needed to adapt and refurbish the
farmhouse buildings to make the superb activity
centre which exists today. So, what isThe Prescot
School Endowment Fund; from what sources were its
finances raised and who are its administrators ?
The Fund was
first known as The Prescot Grammar School
Endowment Fund and was regulated by the Minister
of Education in 1958. In 1975, this was changed
by a scheme under the Charities Commission and in
1989 its title was amended to The Prescot School
Endowment Fund. To describe the manner in which
the finances of the Fund have been built up would
require more space than these columns permit.
However, a full account may be found in F.A.
Bailey's history of the School which was so
spendidly updated by Pat Bailie at the time of
the 450th Anniversary of the Foundation of the
School. It perhaps suffices to record that the
monies available today have accrued over several
centuries from the sale of property and land,
from wise investments and from benefactors large
and small who, since the School was founded so
many years ago, have shown such obvious interest
and generosity.
Today
the Fund is administered by eleven Foundation
Governors who represent the following three
groups:
| Group 1 |
1 ex-officio
member |
Head Teacher |
| Group 2 |
7 nominated
members |
1 King's College,
Cambridge
4 Local Authorities
1 Prescot School Association
(Parent/Teachers)
1 B.I.C.C. Ltd |
| Group 3 |
3 co-opted
members |
Prescot residents
or those with special knowledge of
Prescot |
It
was in 1980 that my own involvement with the
Trust began when I was nominated to serve as a
Foundation Governor in my capacity as a Prescot
Councillor on Knowsley Borough Council. The fact
that I was an Old Boy of P.G.S. added special
interest and-when I found that the affairs of the
Foundation Trust were at that time under the
chairmanship of Geof Dixon, I really began to
feel that I was back in class ! This initiation
was to be the beginning of a long period as a
foundation governor and when I relinquished
council affairs I continued to serve the Trust as
a B.I.C.C.-nominated member. After retirement,
and much to my pleasure, I was invited to
continue as a co-opted member.
The special
charitable status of the Trust Fund has enabled
the Governors to invest the capital of the Trust
in the Charities Official Investment Fund which
enjoys the benefit of high interest tax-free
earnings and brings an income of some £12,000
per annum into the Fund. It is the responsible
distribution of this money for school use,
together with the investment base of the Fund,
which is the prime responsibility of the
Foundation Governors.
The Foundation
Governors meet twice a year and it is through the
Headteacher that all requests for financial
assistance are directed. These are for benefits
of any kind not normally provided by the Local
Education Authority and include any or all of the
following:
a. Travel
Scholarships
b. Assitance to School departments [ special
equipment, musical instruments etc. ]
c. Fieldwork and related activities [ supply and
maintenance of mini-bus etc.]
d. Purchase and maintenance of Property for the
exclusive use of the School.
In the last of
these categories, the Foundation Governors
embarked in 1968 on an investment strategy which
was to prove without doubt of immense advantage
to the Fund and of immeasurable benefit to the
School. This was the purchase of White Hart House
situated in the centre of the lovely Yorkshire
village of Dent. This property became the first
field study centre and was used by the School to
the benefit of hundreds of pupils. Because of
structural problems on the upper floors and
limits to any possible extension of the property,
further major renovation was not possible.
Consequently the property was sold in 1988 for
the sum of £44,000.
It was now the
intention of the Foundation Governors to purchase
a larger property in a more remote area and a
search began in earnest to locate suitable
premises quickly. However, this time it was not
going to be easy to find another property and
indeed four years were to elapse during which
time several premises were seen and dismissed as
unsuitable and those which became of interest
were refused the appropriate planning consent
from the Local Authorities to enable an Activity
Centre to be established. During this period, the
School had the use of rented property, again in
Yorkshire, near Nidderdale, but this was only a
short-term expediency even though it maintained
the enthusiasm of the School to possess an
Outdoor Pursuit Centre of its own.
In 1992, four
years after the sale of the Dent centre, the
break-through came when Colin Wilson, Head of
Outdoor Pursuits, brought to the notice of the
Foundation Governors what he believed would prove
to be a perfect location for the new centre. At a
cost of £75,000, it was an opportunity too good
to miss. A small working party of Foundation
Governors and senior staff of the School was soon
assembled and before long we found ourselves
entering the gates of Tan-Y-Graig. Here,
surrounded by five acres of its own ground, was
indeed the ideal location: a haven of peace and
solitude which we hoped would soon enable the
young people of Prescot School to breathe the
pure, clean air of the beautiful Welsh
countryside. This time there were no objections
from the Local Authorities and the legalities of
purchase were quickly finalised.
The property
consists of a substantial two-storey farmhouse
which has the advantage of an adjoining large
shippon and barn which, whilst in a dilapidated
condition, possess excellent potential for future
expansion. It was evident from the outset that
major alteration and restoration would be
required and this became the first priority of
the Foundation Governors.
The succeeding
months were not free of worry as the Foundation
Governors faced ever-increasing costs regarding
the work necessary to make the house suitable for
our purposes. Fire and safety regulations added
to the financial burden and the necessity to
completely rebuild the roof was a major worry,
particularly as this had not been revealed in the
initial surveys.
The proceeds of
the Dent sale, invested over a period of very
high interest rates, virtually met the purchase
price of Tan-Y-Graig. Nevertheless, a mortgage
had to be raised to cover the additional
renovation costs and this ultimately added
approximately £90,000 to the original purchase
price of £75,000. This has stretched the
financial assets of the Endowment Trust Fund to
the limits and has understandably reduced the sum
now available from the fund for the other special
requests normally required for the school. It
also means that the renovation of the adjoining
shippon and barn will have to be indefinitely
deferred because it is now completely outside the
financial scope of the fund to pay for the cost
of this refurbishment which is currently
estimated at £100,000.
Nevertheless,
this splendid and valuable property is now held
by the Foundation Trust for the exclusive use of
Prescot School. Already more than one hundred
pupils have enjoyed the 3-day courses which are
run throughout the year. The accommodation is
capable of housing three staff members and twelve
pupils at any one time although this can be
increased in the summer months by the use of
camping facilities in the adjacent fields.
Tan-Y-Graig
Activity Centre has been in use since December
1994 but it was on 17 July 1995 that Eddie
O'Hara, M.P. for Knowsley South and a Foundation
Governor, officially opened the centre. A
gathering of invited guests and officials from
various bodies who had been associated with the
work of conversion and renovation was present. It
was a source of great personal pleasure that on
my last day as a Foundation Governor I was able
to be present on this special occasion and to
reflect that the pupils of Prescot School now
have their own superb Activity Centre which we
trust will flourish for many years to come..
Arthur informs
us that Old Boys of the School are welcome to
visit Tan-Y-Graig. Intending visitors should
telephone the school beforehand to obtain
directions and details of occupancy times.
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