Bray fee-paying school St Gerard’s posts loss of more than €600,000 last year

A note in the school’s directors’ report, accompanying the financial statements for the year ending in July 2023, said that school running costs increased materially last year due to inflation and public sector pay increases underStaff costs increased considerably during the year. The wage and salary bill rose from €3,363,665 in 2021-22 to €3,761,150 in 2022-23. Added social welfare and pension costs also increased the employee bill.

Direct costs at St Gerard’s came in at €4,886,225 in 2022-23, with administrative expenses at €3,335,285. A fall in the value of the school’s financial assets, a loss of €141,860, was also accounted for in the income and expenditure account.

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