School Financial Benchmarking

 The schools financial benchmarking service provided by the Department for Education (DfE) allows you to identify schools that are similar to your own and compare your:

• Spending
• Performance
• Staffing structures

You can also find contact details for these schools. 

The tool enables you to select multiple schools or trusts and add them to a “benchmark basket”. Clicking “View benchmark charts” allows you to view comparisons of the schools you have selected across 4 main areas. 

Within these areas there are charts covering more specific aspects. For example, for expenditure you can see charts focusing on expenditure in areas such as:

• Staff
• Premises
• Supplies and services

 Planning

There are 4 main cost areas for school budgets:

• Teachers
• Other staff
• Supplies and services

Buildings and land

Benchmarking can help you:

• Look at spending in these areas overall, as well as sub-categories of spending
• Compare your school's spending with other similar schools
• Inform your school development process

Making changes

Benchmarking helps you to connect with other schools to discuss challenges and successes.

This can help you to consider whether:

• Your resource allocations are working 
• You can improve outcomes by making changes

Benchmarking is in itself a comparative exercise, and the benefit comes from what you do as a result of what you learn from the benchmarking.

Benchmarking is only a guide. You should think about other things you know about your school when assessing the data.

You can share more data through joining a benchmarking group through your local authority or school business managers’ network

To login to Norbury Manor Primary School's financial benchmarking report, click HERE

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