Day 5 - Managing Resources & Risks

Welcome to Day 5 of your NPQH with Inspiring Leaders

The aims of the day are:

  • To understand strategic financial planning techniques, including curriculum-led budgeting based on a 3-5 year strategy.
  • To explore examples of how schools and other organisations have generated additional income.
  • To understand the benefits of strong accountability, including the importance of non-executive oversight (governors and trustees).
  • To discuss examples of resource and risk management arrangements drawn from a range of schools.
  • To know about the requirements of the financial accountability framework and a school’s statutory requirements in relation to risk assessment, employment, procurement and safeguarding (including the Prevent Duty), and underpinning processes.

Pre-session Preparation

Before Day 5, please complete the following tasks:

Task 1

Meet with your School Business Manager:
• Look at the school budget
• Look at other key documents
• Identify the headline issues

Task 2

Discuss with your Headteacher/Bursar/Business Manager how the school balances strategic or educational priorities with financial efficiency.