Holme Grange School takes assets of White House SchoolBy Julie Spencer
October 01, 2012
The assets of a recession-hit private school which closed in July have been transferred to another independent school in Wokingham.
Holme Grange School announced it has taken on the trusteeship of the White House Preparatory School Foundation, which consists of its Finchampstead Road site and buildings.
Holme Grange trustees are now responsible for the future of the Foundation, which was set up in 1968 by an endowment made by Beryl Caudwell, a former headmistress.
Dennis Eyriey, Holme Grange’s chairman of governors, said they were chosen to carry on the legacy of Miss Caudwell and the White House as both schools shared the same ethos.
The White House site is currently being used by a church group and Mr Eyriey said Holme Grange, which takes children aged three to 13-years-old, would not be using the site.
He said: “We don’t know if it is feasible and practicable to use it for education.
“The church will be using the site until some time as more far-reaching decisions will be taken.
“Whilst there were some financial arrangements it would be wrong to say we bought it.
“The land was owned by the White House Foundation which is a separate educational charity set up some while ago and therefore the governors of White House school had to find a new home for the foundation charity.
“Even if a charity ceases to run they have to do something with the charity’s assets. They have to pass it on to another charity.
“The White House Foundation were looking around and liked the ethos [of Holme Grange], saying it was very close to the way we used to run the White House School.”
Ralph Higson, White House chairman, said: “After the pain and heartache of the decision to close our wonderful school, we wanted to find a charity that would understand and respect the original intentions of Miss Caudwell’s legacy and all that made White House School special.
“We have every confidence in the head and governors of Holme Grange as we transfer the endowment to their care.”