The study centre uses many of the main schools facilities like the dining hall and sports facilities, despite being, physically at least, relatively isolated from the rest of the school—opposite the Oliver Cromwell Museum near the cathedral. The termly fees for the study centre are £8400, or £25,200 per year, plus a refundable deposit of £3000. There were 51 pupils in attendance in the academic year 2012–2013. Fairstead House On March 22, 2022, The Governing Bodies of King's Ely and Fairstead House, a coeducational independent school in Newmarket with pupils between the ages of 4 and 11 years, announced a merger of the schools' respective charities. This formalised a longstanding relationship between the two schools. Although the schools will now be under the oversight of a single Governing Body, which includes two Governors from Fairstead House, both schools remain autonomous on a day-to-day level retaining their identities. Fees and charitable status Annual fees are up to about £27,000 per year for boarders or about £34,000 for international boarders (2014–15). Like most public schools, King's is a non-profit educational body and a registered charity, and as such benefits from substantial tax breaks. It was calculated by David Jewell, master of Haileybury, that in 1992 such tax breaks save the school about £1,945 per pupil per year. The school offers bursaries and allowances, £1,575,525 was provided in 2013, and scholarships which totalled £304,197. These include music scholarships—amounting to around two-thirds for choristers whilst serving in the Cathedral Choir, and a third scholarship upon their continuation as a pupil in the Senior School. There are further major and minor scholarships for music, sports and academic performance. The Senior School occasionally offers a large major scholarship for a promising organist or musician who is of a particularly high quality. Like many public schools, King's offers fee reductions when more than one child attends, and to the children of staff members. There also bursaries for children of the Clergy, Armed Forces and to those who would otherwise not be able to afford it, on a means tested basis. Over a third of all pupils receive some sort of financial award, be it a bursary or a scholarship, with 355 individuals benefiting in 2013. School finances Information about income and expenditure for the last five years is available to the public on the Charity Commission website. Income has steadily increased over recent years and as such