Our Finance and Staffing Committee consists of:
Mr A Crompton (Chair); Mr A Holding (Clerk); Mr D Frost; Mrs K Hilsden; Mr D Hall (Mrs C Lormor, co-opted)
Finance and Staffing: The main function of this committee is to oversee the financial performance
of the school and makes sure its money is well spent.
An outline of the impact from this committee during the Academic Year 2021 2022 is given below:
Our governors have worked with the school to achieve the Schools Financial Value Standard accreditation. This standard helps our school to ensure that we meet the basic standards recommended by the government for good financial health and resource
management as well benchmarking our school against others for continual improvement.
Close links have been established between the Finance and Staffing Committee and other committees in order to manage the effective management of the budget. This has included budgeting to inform capital and operating expenditure; supporting financial decisions to
maintain a well balanced budget and the management of finances to enable the provision of all employees within school to support our children and maintain a high quality of education.
Working closely with the Buildings and Health Safety Committee towards the application and development of a De-carbonisation project to develop sustainable energy solutions against backdrop of increasing energy prices.
Monitoring and discussion in respect of staff well being, motivation and opportunities for professional development.
Responsibilities of this committee also includes the monitoring and discussions linked to:
- staffing (linked to standards, and attainment);
- capital funding (for larger more costly projects);
- maintenance costs (to keep our building safe);
- letting and contract reviews;
- monitoring the effective management of the budget;
- agreement and setting the school budget for the financial year;
- monitoring the use of additional grants and funds to support children to overcome barriers to learning (including Pupil Premium, PE and Sports Premium and High Needs)
- This also includes long term and short term budget planning to manage the school funds.
- Consideration and approval of a 3 year budget forecast agreeing ways to save money and maximise efficiency and performance which have been put into place. Monitoring is undertaken in respect of changes to budget provisions and factors likely to affect the budget in future years. In this way, we are able to forecast ahead and plan for possible contingencies.
- Monitoring of the most effective application of income which is received for specific purposes, including the PE and Sports Grant and Pupil Premium and makes links to other committees (Curriculum and Standards & Effectiveness) to determine the impact of this spending.
- Governors monitor staff recruitment, performance and pay reviews and the school appraisal cycle, enabling our governors to monitor the correlation between the quality of teaching, pupil outcomes and other priority indicators and salary progression. Our Governors take the view that maintaining a high staff to pupil ratio is one of the key elements for a successful school.
- Financial Policy reviews have been undertaken, which include the school’s Pay Policy, thus ensuring accountability, transparency, objectivity and fairness for our staff team.
- Clear identification and monitoring of ring-fenced Catch-Up budget as well as additional funding made available to the Senior Leadership Team to help support the schools recovery from the impact of the Pandemic and continued investment into training and support.
- Funding has been made available to improve the IT infrastructure of the school to will improve performance, provide increased resilience andimprove wellbeing of all users.
- Governors have worked with the Headteacher in the interview process and the appointment of a new Deputy Head Teacher and ensuring that the appointment upheld the visions and values of the school and also in finalising the plan for the deployment of staff for the next academic year 2022/23.