Redstone Academy is committed to providing eligible parents/guardians with means-tested financial assistance for the payment of School fees; such support is known as a bursary and is funded through Zakāt-ul Māl fund.

Bursary awards are subject to a full financial assessment of your overall income and are applicable for one academic year only. Once an award has been made, parents/guardians are welcome to reapply each academic year provided they continue to be eligible. Whilst the School Directors aim to provide continuity of funding the amount may be varied each year or no award may be made, depending on circumstances. The financial information provided will take into account the overall income.
 
Bursaries are awarded at the discretion of the School Directors and management. The Finance Manager is responsible for the management and coordination of the process.

FINANCIAL LIMITATIONS

Each case is assessed individually and awards made accordingly, subject to the availability of funding.

In assessing applications Redstone Academy has a duty to ensure that funds are applied properly and appropriately. Applicants are therefore asked to confirm that they have no alternative available source of funding for school fees, for example, family contributions. Applicants are also asked to ensure that they can pay the balance of school fees on time.

THE PROCESS

The Bursary Application Forms are to be completed and returned with all relevant documents as soon as possible and by no later than 30th September 2020. In exceptional circumstances, applications will be accepted at other times during the academic year.
 
If an application form is deemed incomplete, or, where the required supporting documentation has not been supplied these forms will be returned.  It is the responsibility of the applicant to ensure that all relevant information is sent. If this is not possible then a full letter of explanation should accompany the form.
 
For new applicants, a Bursary offer will only be made once a place has been offered in the School.

CONTINUATION OF SUPPORT
 
All bursary awards are subject to annual renewal for which an updated financial assessment is required.  The pupil’s effort, attitude and behaviour will also be taken into account as part of the renewal process.
 
The School respects the confidentiality of bursary awards made to families and recipients are expected to do likewise.