Objective analysis of school finances is more important now than it has ever been. The post-pandemic, high level of financial volatility has seen a marked growth in school costs – reducing the purchasing power of school budgets, stretching resources and stifling long-term fiscal planning. In spite of competing factors, including rising energy costs and food inflation, schools that adopt a smart, holistic approach can still realise cost-saving opportunities to help alleviate budgetary constraints.
The Value of Collaboration
When Pearson’s School Report asked school leaders what they expected to be the top three challenges for their school to manage over the next year to 18 months, budget pressures came top of the list. I can understand why! A combination of high inflation and demographic changes that have seen numbers of pupils in primary schools across London, and even the country, decline, creating a scenario where income is flat or falling (if your school is lucky enough, rising slightly) but definitely not keeping up with inflationary cost pressures.
The hard reality is school leaders are having to do more with less. We hear you; we understand you, and we want to be at the heart of helping you through this challenging period. We are passionate about supporting schools in a collaborative manner, valuing our partnership as we work to deliver on our mutual ambitions for all our children.
We want to add value to your quality of education while considering your budgets through tailored services that meet your needs. Our Financial advisory service is the best prepared and most sophisticated that I have ever seen it. Our SBM academy is thriving and developing the next generation of SBMs for our schools. The trainees are adding more and more value every day. Financial Advisors and the wrap around tools and support that comes with the service, will work with you side by side to meet the demands of the coming year. Supporting our schools to maximise their budgets, so that crucial staffing and support services are still affordable.
Smart Money, Smart Working.
We hope our latest report provides you with practical ideas that you can implement to realise the best future for your school, teachers, pupils, and the communities that you serve.
Assistant Director – Business and Resources