Benchmarking

Benchmarking is comparing data from a school with other, similar schools. Benchmarking covers all aspects of school performance. Benchmarking helps the school to look at areas in which it is doing well or might be able to improve it’s financial performance. It provides a helpful guide and a starting point for further questions and investigation.

The School Financial Value Standard (SFVS) requires that Governors confirm that they have benchmarked their income and expenditure at least annually. Governors must investigate further where their school is out of line with others.

The school completes a benchmarking exercise as part of the SFVS Governor audit on an annual basis.

DFE School Financial Benchmarking

Pecuniary Interest

Staff  and Governors should declare any links they have with local firms from which the school may wish to buy goods or services.  It is important for anyone involved in spending public money to demonstrate that they do not benefit personally from decisions that they make. All Governors complete a declaration annually on the GovernorHub, and it is a standing agenda item for every Governor meeting. Any staff that have access to the School Revenue and Capital budget should make a declaration annually, updating if any changes happen. These members of staff include the Headteacher, Assistant Headteachers and Finance Manager.

We currently have no pecuniary interests at Woodcroft Primary School. Any Governor pecuniary interests are declared at each Full Governing Body meeting.

There are no members of staff with £100,000+ salary-band, therefore there is nothing to disclosure.