Financial Benchmarking for
Schools Information

Benchmarking

Benchmarking helps schools to plan and to make beneficial changes.

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For school budgets, there are 4 main cost areas:

• Staff

• 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

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Benchmarking helps schools to consider how to use their resources to support high-quality teaching and the best education outcomes for their pupils.

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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:

Fynamore School Financial Benchmarking Data

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Salaries

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.