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From the Chronicle April 2010

Ashwells Road must become self supporting......or else

A rigorous 12-month budget and a projected five-year financial plan have been drawn up to underpin increased use of the facilities and the generation of greater income at the Old Brentwoods Society’s Ashwells Road Clubhouse and grounds. They are designed to tackle the grave state of the Society’s finances, stemming largely from operating losses at Ashwells Road.

For many years, the Society’s operating losses have been accommodated from the Joe Hodgson Reserve Fund. However, this fund has been substantially depleted. The Society’s overall cash reserves are now so low that losses at the level of recent years could only be sustained for a few months without drastic action.

The Society

The Society of Old Brentwoods, founded in 1899, is the association for former pupils of Brentwood School. All past pupils are automatically members of the Society, once elected, for the first five years after leaving the School. Thereafter, they are asked to renew their membership annually by Standing Order payments of £23.50.

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