John Somerset - Financial Governance for Independent Schools

Description

This presentation will include two consecutive sessions as follows:

Session 1: 
John will present and explain how to use the Somerset Education reports to assist school leaders in making important, informed decisions around financial governance.

John will assist attendees to understand the Schools Financial Survey which has been operating for over twenty-five years, using consistent definitions based on Government annual Financial Questionnaires, Staff census, and audited accounts. 

Session 2:
John will take you through an interactive session on how to interpret your own Somerset Financial Survey results and/or look at other examples.  This workshop-style session will demonstrate:

1. How to analyse past and future changes in school performance to highlight trends and prevent financial stress.
2. Discuss some of the 60 financial ratios included in the key indicator reports and how to interpret and identify strengths and weaknesses.

Attendees are encouraged to bring the following to this presentation:

• Somerset Education reports (if available for your school)
• 2022 audited financial statements
• 2023 latest financial statements