Whilst the trust board does not need to see every detail of the trust’s finances, it is important that they are given assurance that they are meeting the basic standards necessary to achieve a good level of financial health, in order for them to confidently make strategic decisions.
The School Resource Management Tool covers six areas of resource management to ensure trusts are managing their resources effectively.
The tool 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. It is also a good starting point when benchmarking yourselves against similar trusts.
Contact us at Education Evolution for support in completing, understanding and implementing necessary change as a result of your findings.
A similar version for schools is also available. See our Schools Financial Value Standard blog for more details.