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Chesswood Junior School

Chesswood Junior School

School Financial management


School finance underpins school achievement for all children. Choices that school leaders make directly and indirectly affect the outcomes for every pupil. As such, we believe we should be transparent regarding with the school community in relation to the school revenue and how we choose to structure its expenditure.

Financial Information



Current Financial Year Revenue

This report forms the basis of all confirmed and forecast revenue for the academic year. The revenue includes income from a range of sources, such as local authority formula funding; government grants and funding raised by Chesswood through its wrap around care programme.

Click on the image opposite to open or follow this LINK

Current Financial Year Expenditure Plan

This overview provides the costs for all aspects of the school budget. It is submitted to the local authority each year to confirm the extent to which the budget expenditure plan is balanced.

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Consistent Financial Reporting

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Data is typically available from December retrospectively for previous financial years. The user is able to compare and contrast all schools in England, either using DFE comparison schools or selecting individual schools of interest.


Financial Benchmarking Report

School leaders and governors review school expenditure against selected individual schools and provide commentary on revenue and expenditure comparisons.

Due to the size of the report it has been split into prat 1 and 2. Click the images opposite to read or follow these links PART 1 and PART 2

Part 1

Part 2

Financial Monitoring Report

School leaders produce a monthly monitoring report. As part of that information an oversight report is completed providing an overview of all cost centres and adjustments to the forecast of outturn (FOO). The forecast of outturn is an evidence based financial estimate determined by senior leaders to take advantage of arising opportunities or reduce risk of over extending the school budget.

Click the image opposite to open the report or follow this LINK

The school financial value standard

Click on the image opposite to access government guidance for the school financial value standard or follow this LINK

The schools financial value standard (SFVS) helps to provide schools with assurance that they are meeting the basic standards necessary to achieve a good level of financial health and resource management.

The SFVS checklist asks a number of questions of governing bodies in six areas of resource management to provide assurance that the school is managing its resources effectively. This can be used to identify possible areas for change to ensure that resources are being used to support high-quality teaching and the best education outcomes for pupils.

This section includes the latest school financial value standard report submitted to the local authority. Click on the image opposite to read or follow this LINK.

The report is updated in November each year based on the outcomes, policies and procedures from the previous financial year.