Financial Benchmarking for
Benchmarking helps schools to plan and to make beneficial changes.
For school budgets, there are 4 main cost areas:
premises (for example, building maintenance)
occupation (the cost of occupying the school building, for example, energy and water)
supplies and services (for example, stationery, books and examination fees)
Benchmarking helps schools:
look at spend in these areas overall, as well as sub-categories of spend
compare their spend with other similar schools (or academy trusts)
inform their school development process
Benchmarking helps schools to consider how to use their resources to support high-quality teaching and the best education outcomes for their pupils.
Benchmarking helps schools to connect with other schools or trusts to discuss challenges and successes. This can help schools consider whether:
their resource allocations are working for them
they can improve outcomes by doing things differently
Benchmarking also allows parents and others to check how the finances at Fynamore School compare with other similar schools or multi-academy trusts. You can access the Department for Education details for our school on Gov.UK by clicking the link below:
The school is required to publish how many school employees (if any) have a gross annual salary of £100,000 or more. For the avoidance of doubt, Fynamore School does not employ any staff with salaries at this level.