Schools Finance Briefing

A briefing held on Thursday, February 17th, 2022, focusing on school finance matters. The event, led by Katherine Vernon, aims to address financial topics pertinent to schools. Attendees likely discussed budgeting, planning, and resource allocation within educational institutions. Such meetings provide valuable insights for educators and administrators to enhance financial management in schools.

• School Finance
• Budgeting
• Katherine Vernon
• Educational Institutions
• Financial Management

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1. Schools Finance Briefing Thursday 17thFebruary 2022 Katherine Vernon

2. Closedown 2021-22 The timetable and year end accrual forms are saved on our website https://wsh.wokingham.gov.uk/leadership/finance/closedown/ Schools can put through own energy accruals. They can be under 1,000. Energy colleagues can advise on values if required. Also if schools have transferred over to FBW, this also applies to water. NJC pay award we would advise that schools put through an accrual of 1.75%. If a 2 year deal is agreed it may be backdated to 1stSept 2021 or 1stJan 2022 as seen previously, rather than 1stApril 2021.

3. 2021/22 - YEAR END DEADLINES FOR SCHOOLS SOME ACTIONS CAN BE COMPLETED BEFORE THE DEADLINES 25th February Capital Budget Outturn forms sent to schools 9th March Payroll Data input deadline 14th March Interim payroll reports issued 11th March Deadline for Capital Budget Outturn 16th March Deadline for amendments to payroll data 18th March Deadline for queries or charges to BWO (Wiser) relating to Capital All invoices received by Purchase to Pay for central payment AFTER this date will 24th March be charged to New Year. 24th March Deadline for centrally paid in Income at NATWEST to allow time to clear by 31st March Final Imprest claim must be received by Schools Finance, reconciled to 31st March bank statement (please attach a copy) All the following must be with Schools Finance having been approved by Head Teacher :- creditor forms 1st April Accruals should be made for any single transaction of 1,000 or above. With the exception of Energy accruals. debtor forms payment in advance forms receipts in advance forms journal transfer forms 6th April M12 BWO (Wiser) report 7th April Any queries from M12 BWO (Wiser) report (close of day) 25th April Final BWO (Wiser) reports issued (1st day of summer term) By 29th April Proposed Consistent Financial Report to be sent in to Schools Finance Within 1 week of confirmation email from Schools Finance Final Consistent Financial Report to be sent in to Schools Finance via e-mail in XML format (NB Proposed CFR MUST have been agreed first with Schools Finance)

4. Budget Planning As per last year, still requirement to submit a 3 year budget plan to the LA Assumptions could have NFF from 2023-24. MPPL increased by 2% from 2021-22 to 2022-23. (MPPL = total funding before de-delegation, less rates, divided by NOR) We will send out a 5 year plan template from BWO shortly, but you can send in your own template if that is easier Deadline for submission is the same date as your 2022-23 Budget Plan which is 6th May 2022.

5. Budget Planning 2022-23 EXPENDITURE NI increasing by 1.25% for Health and Social Care Levy to 15.05% Teachers Pension no change 23.68% LGPS increasing to 26.3%. Currently 25.3% Support Staff (NJC) Pay increase budget for 2% increase from April National Living Wage increasing to 9.50 per hour (affects SCP 1 & 2) Teachers Pay looking at 2 year deal for 2022-23 and 2023-24. Advise budgeting for 2% increase. 30k teacher starting salaries was delayed due to Covid.

6. Budget Planning 2022-23 INCOME Our local funding formula is almost mirroring the NFF rates set by the government. Thank you for those that responded to consultation. Our final Schools Block budget was approved at January Schools Forum. Awaiting approval from ESFA. Will publish by end of February. Link to Schools Forum papers https://wokingham.moderngov.co.uk/documents/g4016/Public%20re ports%20pack%2012th-Jan- 2022%2010.00%20Schools%20Forum.pdf?T=10 Page 37 Model B

7. NFF 2022-23 APT 2022-23 Variance Minimum per Pupil Funding level Primary Secondary KS3 Secondary KS4 Secondary Reception uplift Basic Entitlement AWPU Primary AWPU KS3 AWPU KS4 Deprivation FSM6 Primary FMS6 Secondary IDACI Band F Pri IDACI Band F Sec IDACI Band E Pri IDACI Band E Sec IDACI Band D Pri IDACI Band D Sec IDACI Band C Pri IDACI Band C Sec IDACI Band B Pri IDACI Band B Sec IDACI Band A Pri IDACI Band A Sec LAC EAL EAL 3 Primary EAL 3 Secondary Mobility Primary Secondary Prior Attainment Primary Low Attainment Secondary Low Attainment Year 7 Secondary Low Attainment Year 8 Secondary Low Attainment Year 9 Secondary Low Attainment Year 10 Secondary Low Attainment Year 11 Lump Sum Primary Secondary 4,265.00 5,321.00 5,831.00 5,525.00 4,265.00 5,321.00 5,831.00 5,525.00 Yes - - - - 259.50 226.81 380.87 - 3,217.00 4,536.00 5,112.00 3,476.50 4,762.81 5,492.87 590.00 865.00 220.00 320.00 270.00 425.00 420.00 595.00 460.00 650.00 490.00 700.00 640.00 890.00 601.02 838.07 229.21 308.38 280.24 399.87 408.03 544.61 470.92 623.43 527.98 699.74 719.79 877.50 - - - - - - - - 11.02 26.93 9.21 11.62 10.24 25.13 11.97 50.39 10.92 26.57 37.98 0.26 79.79 12.50 National Funding Formula Rates vs WBC 2022- 23 - 565.00 1,530.00 459.83 1,440.87 105.18 - 89.13 - 925.00 1,330.00 1,631.38 1,898.88 706.38 568.88 1,130.00 1,710.00 1,710.00 1,710.00 1,710.00 1,710.00 1,014.17 1,543.85 1,543.85 1,543.85 1,543.85 1,543.85 115.84 - 166.16 - 166.16 - 166.16 - 166.16 - 166.16 - 121,300.00 121,300.00 128,150.00 128,150.00 6,850.00 6,850.00

8. Budget Planning 2022-23 De-delegation (Maintained schools only) For 2022-23 Staff costs supply cover only (Charges on Schools Forum link on previous slide) Contingency we will hold unspent amount in reserves and carry forward Licences/Subscriptions will be paid for centrally Primary Behaviour Support (Foundry College) Funded by HNB with charging mechanism for all schools developed Support to underperforming ethnic groups and bilingual learners to be included as a Traded Service

9. Pupil Premium 2022-23 Pupil Premium increasing by 3% (CFR code I05, R9006): FSMEver6 Primary 1,385 (was 1,345) FSMEver6 Secondary 985 (was 955) LAC and Post LAC 2,410 (was 2,345) Ever6 Service Children 320 (was 310) Allocations to be published in Spring

10. Supplementary funding 2022-23 In addition to the DSG, mainstream schools will receive this additional grant in 2022-23. For early years and post-16 provision in schools, the grant is being provided in respect of the Health and Social Care Levy. For primary and secondary provision, the grant is being provided in respect of both the Health and Social Care Levy and other cost pressures. To be finalised in Spring. Rates in table below: FSM6 per eligible pupil rate after ACA ACA (Area Cost Adjustment) 1.03475 1.03475 1.03475 1.03475 Basic per pupil rate after ACA Lump Sum 24.83 100.37 141.76 160.39 FSM6 per eligble pupil rate ACA (Area Cost Adjustment) Basic per pupil rate Supplementary funding Early Years pupils Primary School pupils Secondary School KS3 pupils Secondary School KS4 pupils 24 97 137 155 From January 2022 census 87.95 From October 2021 census 128.31 From October 2021 census 128.31 From October 2021 census 3,680 3,680 3,680 85 124 124 1.03475 1.03475 1.03475

11. Other Grants Primary PE and Sport Premium final allocation for AY 2021-22 will be received by WBC on 29thApril 2022. AY 2022-23 unknown (CFR code I18D, R9009). UIFSM Assuming final allocations for 2021-22 and provisional allocations for 2022-23 will be issued in June as normal (CFR code I18D, R9007). Maintained nurseries and schools with nursery classes and maintained school with 6thforms will continue to get TPG and TPECG separately in 2022-23 (CFR code I01, R9002). School Led tutoring grant 2021-22 final payment will be received by WBC on 30thApril 2022. First 2 instalments already received in October and January. Schools levels are based on 75% of the tuition cost average hourly cost 18.00 with a package of 15 hours per pupil = in total 202.50 pp.

12. Other Grants continued School Led tutoring grant 2022-23 - Schools will receive grant to cover 60% of their unit cost of 18.00, following year this will drop to 25% of the unit cost 18.00 school can compensate from other sources PPG Recovery Premium Grant last 2 instalment payments for 2021-22 will be received by WBC on 29thApril 2022 and 30thJune 2022. First 2 instalments already received in October and January Coronavirus Workforce Fund for Schools fund extended to help eligible schools cover cost of workforce absences experienced from 22nd November 2021 until the spring half-term https://www.gov.uk/government/publications/coronavirus-covid-19- workforce-fund-for-schools/coronavirus-covid-19-workforce-fund-to- support-schools-with-costs-of-staff-absences-from-22-november-to-31- december-2021

13. Other Grants continued Coronavirus (Covid-19) mass testing exceptional premises cost Claim form deadline 20 February 2022 claim submission guidance is available on GOV.UK Get help with Technology: internet access and device claim form is open Claim deadline is Sunday 27thFebruary 2022 at 11.59pm Get help with technology programme: claim form guidance - GOV.UK (www.gov.uk) Coronavirus (Covid-19) vaccine support allocations now available for ages 12 to 15 Payments at end of April 2022 to schools published the school level allocations

14. Budget Allocations 2022-23 Schools Block Budget still awaiting final approval by ESFA. Early Years Block Budget going to Schools Forum on 16thMarch, will advise ASAP. Looking at an increase in hourly rates as our income has increased. 3-4 year olds current rate 4.59 per hour, max. 17p per hour increase. 2 year olds current rate 5.69 per hour, max. 21p per hour increase. EYPP grant increased from 53p to 60p per hour. Keeping other factor rates the same. High Needs Block Budget - going to Schools Forum on 16thMarch, will advise ASAP, regs say by 31stof March.

15. Other Any SEN finance queries please email new mailbox SENDFinance@wokingham.gov.uk SFVS maintained schools should submit their SFVS by deadline 31stMarch 2022 New imprest template uploaded to website Journal template on website Download new one each time. Ensure description is added and is meaningful. Title of journal different to individual line description. Both show on BWO reports. Use journals to correct movements across codes not imprest claim. Emails with sensitive personal data such as pupils names etc, please use [ENCRYPT] Old system of [SECURE] no longer works Training courses Budget planning and Year-end - if interested let us know

16. AOB Any questions?