Finance

Governors, in maintained schools and academies, are responsible for "overseeing the financial performance of the school and making sure its money is well spent", a duty which comes from statutory regulations and is reflected in the DfE Governors' Handbook. This section provides articles and guidance relating to how governors discharge this vital aspect of their role.

  • SFVS (Recorded January 2021)

    This Better Governor webinar explored the Schools Financial Value Standard (SFVS), as it is structured for 2021. The 2021 completed SFVS must be submitted to the relevant Local Authority in March 2021. We focused on the role of governance in maintained schools, where SFVS is statutory, looking in detail at the expectations of governor participation and ownership of the vital financial self-evaluation tool.

    Consultant: Steve Barker December 2020

  • Introduction to School Finance Webinar (August 2020)

    This webinar was aimed at governors in maintained schools. We focused on the third core function of governance; 'overseeing the financial performance of the school and making sure its money is well spent.' The webinar introduced attendees to the process of budget planning within education and explore how this forms the back drop to governor monitoring of school financial performance. Accountability is driven by questioning from governance in all schools and we will look at the sort of finance questions governors should ask of their schools.

    Consultant: Steve Barker August 2020

  • Financial Benchmarking Webinar (Recorded June 2020)

    This Better Governor webinar explores the importance of financial benchmarking within the role and responsibilities of governance in both maintained schools and academies. We reference the Governance Competency Framework and the requirements of the Academies Financial Handbook. The webinar explores the substance of effective benchmarking and where those involved in governance should expect schools to source benchmarking data and the expectations of its usage.

    Consultant: Steve Barker June 2020

  • DfE Funding of teachers’ pension employers’ contribution increases

    DfE clarifies funding of teachers’ pension employers’ contribution increases from September 2019-March 2020

    Consultant: Steve Barker August 2019

  • Teachers Pay 2019-2020 – what governors need to know

    School teachers pay in maintained schools is set to increase by 2.7% for 2019-2020.

    Consultant: Steve Barker July 2019

  • Making Every Penny Count

    This 'Finance Matters - Making Every Penny Count' webinar was broadcasted on Wednesday 26th September at 7pm.

    Consultant: Steve Barker September 2018

  • National Funding Formula for schools – Update July 2018

    The Department for Education has updated information on the implementation of the National funding Formula for schools and high needs.

    Consultant: Steve Barker August 2018

  • Understanding your data – new guidance for academy board trustees and school governors

    The Education and Skills Funding Agency (ESFA) has published new guidance, to support academy trustees’ and maintained school governors’ understanding of how data should be utilised to inform discussions and decisions.

    : July 2018

  • DfE adds to Resource Management support for school and academy leaders

    The DfE has added new materials to its Resource Management tools for governors and trustees. This article explores the details

    : May 2018

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JUST BREAKING

Secondary School Covid Testing

The Department for Education (DfE) has issued a number of new guidance documents in the period immediately prior to the school Christmas holidays. These documents set out the government’s plans for mass-testing of all staff and pupils in secondary schools in the week of 4th January.