Enclosed octagonal and rectangular classrooms
We sell a lot of outdoor classrooms to schools and ever more so those which are fully enclosed with solid wall panels and glazed panels. The reason being is that schools can use them all year round without worrying about the elements (we can also insulate them if they were going to be heated) plus they can use them as buildings which the wider community can utilise and benefit from too.
But the challenge is always funding or lack of it to be more precise. “Love them but we have no budget” is the usual response I hear from head teachers or school business managers. There are undoubtedly grants which you can apply for which will fund these type of buildings but let’s assume that there is no room in the school budget to afford these outdoor classrooms and you cannot get a grant. But you want and need an outdoor classroom for your school. So we have thought “outside of the box” on this issue and come up with following proposal.
Firstly, you can take out an operating lease on these type of buildings (this applies to your school whether it is an academy or within local authority control) over a typical period of 3 years where at the end of the lease period the school then has the option to return the equipment with no further payments or extend the agreement for one final year.
- If the school extends for a final year the quarterly payments will be charged at ‘fair market value’, typically no more than 60% of the quarterly repayments on the original 3 year lease
- At the end of the fourth year the equipment is then abandoned to the school with no more rentals to pay, no title is passed to the school
So you have the benefit of the asset now but can spread the payments over a period of time or school budget accounting periods. But we still haven’t got the money to pay for the lease payments I hear you cry.
By way of an example incidentally, a £12,000 enclosed outdoor classroom would cost £80 to rent per week over a three year period.
First question to ask yourself…..could the building be let out for before and after school clubs for example and if so, would you have any idea what a school could charge for this? Could the PTA use it or some of the money they raise each year be used to offset the lease payments?
or we have an association with a company who rent out school premises such as sports facilities or halls (for further information on this see my blog link given below). In terms of hiring halls for example they have on their books some smaller schools in a rural setting earning £10-15k per year but the larger halls in busier cities can attract up to £60k of revenue (obviously dependent on the types of activities allowed). They also have an IT system which does all of the administration for the bookings and they do all of the marketing as well – in return for this, they ask for a commission for all bookings taken. All the school has to do is obviously have someone on hand i.e. site manager, caretaker – to let people in and out.
So if a school were to utilise this service, this would hopefully generate enough extra income to pay for the outdoor classroom leasing payments. You already have the school asset so you need to put it out work. But I am well aware that this would have to be run past Governors and many questions would be asked! See therefore some testimonials below from schools who are already using this system.
But all I am trying to do is find a way of not just giving up and saying there is no money. That would be very un-British!
Angela Mellish – Bursar School: St Bernards
QUOTE: “We wouldn’t be without BookingsPlus! It has saved us so much time with the speedy invoicing and online payments. We recently had the auditors in who commented that the system was an auditors dream. The audit trail is tight, and there is a good level of control within the system such as not being able to delete invoices and payments. The ability to add reasons to credit notes and voided invoices provides the perfect picture as to what is happening. From booking through to payment, it is easy to keep track of everything. The auditors said they would recommend the system to other schools, and so would I”
Steve Munday – Head Teacher William Edwards School
QUOTE: “The BookingsPlus system gives us a significant revenue boost, which we have been able to invest in ICT/ technology, sporting equipment and staffing to ensure that we can provide the best possible learning environments and opportunities for our students. Equally importantly it has helped us to become an integral part of the local community by giving local groups, charities and organisations the chance to use our exceptional facilities. Everybody wins!”
Blog on renting out premises
For further information on the above or to explore opportunities how we can help your school get funding for our outdoor classrooms, please call 01865 858982 or email: info@hideouthouse.com
www.hideouthouse.com
4m x 3m enclosed outdoor classroom
