Financial Value Statement

 

2013-14 Final Budget Position

The highlights of the year were that we retained our highly qualified staff that enabled the pupils to achieve and progress well throughout the year. Improvements to the school were also carried out and these included a complete renovation of the year 3 classroom to provide more work areas for individual and small group teaching. Funding has been carried forward for expenditure in 2014/2015 so as to be able to build a cloakroom extension and improve the layout and facilities of the Year 5 and 6 classrooms.

We have also continued with our policy of ensuring that the ICT equipment is up to date so that our pupils have the best equipment possible.

We have continued to improve and extend the Forest School provision so that all pupils are able to enjoy this learning environment.

Information on general areas of the budget is shown below with detailed information attached

Budget area                                         Budget                   Actual spend        Further information

                                                                2013-14                 2013-14

Stafing and                                          £1101651.00        £1086876.43        Salaries, training, recruitment, staff related Insurance                                                77.9%                    74.6%                    expenses

Administration and                           £48719.00            49752.05               Admin expenses, insurances, Professional Services

Professional Services                        3.41%                    3.42%

Catering                                               £32000.00            £42548.48            All catering costs including free school meals

                                                                2.24%                    2.92%                                   

Learning resources                           £65546.00            £73451.56            Equipment and subject allocations, including new

                                                                4.59%                    4.7%                       classroom furniture and the cost of class trips

ICT                                                        £36257.00            £10869.70            ICT hardware, software, maintenance, licences

                                                                2.54%                    0.75%

Premises                                               £136826.00          £90688.32            Building maintenance and services, rates, water

9.58%                    6.22%                    and energy costs

Capital Expenditure                          £7734.00               £7734.24               Cost of the renovations to the Year 3 and 4

0.54%                    0.55%                    classrooms and cloakrooms

Direct revenue funding                                                     £43228.72            Funding transferred to Capital to pay for the

2.99%                    renovations

Total Expenditure                             £1428733.00        £1405149.50

Income                                                  Budget                   Actual received

                                                                2013-14                 2013-14

Revenue Funding                               £1385034.00        £1419597.74        LA funding plus income from student placements, hirings, insurance claims

Catering income                                                                 £   20687.43        Income from paid school meals

Trips and visits income                                                    £   16795.60        Contributions towards trips and residential visit

Capital Income                                   £     7566.00          £     7566.24         Funding for renovation projects

Total income                                       £1392600.00        £1464647.01

Plus B/F from 2012-13                     £   88974.34        £   88974.34

Total available                                   £1481574.34        £1553621.35

Total carried forward to 2014-15               £1553621.35 – £1405149.50 = £148471.85

This carryover has been accumulated over the last few years so that major renovations can be carried out during 2014-2015. These include building a cloakroom extension to the years 1 and 1 / 2 classrooms and completely remodelling the years 4 and 5 to provide much needed extra work space and modernised facilities to ensure that the pupils have a safe environment in which to work.

 

 

2012-13 Final Budget Position

 

The highlights of the year were that we retained our highly qualified staff that enabled the pupils to achieve and progress well throughout the year.  Improvements to the school were also carried out and these included a complete renovation of the reception class with new toilet facilities, new flooring, new equipment and improved work areas for the pupils so to provide an inviting, safe and healthy environment for them.

New ICT equipment has also been purchased to enhance the pupils learning. 

We have continued to improve and extend the Forest School provision so that all pupils are able to enjoy this learning environment.

Information on general areas of the budget is shown below with detailed information attached.

 

 

 

CFR Budget area

 

Budget

2012-13

 

Actual spend

2012-13

 
E01-11 & E26 Staff & Related

1064917.00

80.2%

1046041.27

76.5%  Salaries, Training & Recruitment costs including Supply & Agency; staff absence insurance
E21-23 & E27-29 Admin & Professional Services

35228.00

2.66%

34096.92

2.5% Administration, Professional Services & Insurances;
E25 Catering

26100.00

1.96%

25971.14

1.9% All Catering Costs; Includes FSM & Hospitality
E19 Departments & Learning Resources Trips & Visits

50027.00

3.77%

63738.87

4.7% Equipment and subject allocations including new classroom furniture and the cost of unbudgeted residential and day trips
E24/E32 Enterprise & Specialist Schools

00.00

xx%

3268.56

.2% Out of hours sports provision and nursery lunch club
E20 ICT

31130.00

2.34%

32611.47

2.4% All ICT Hardware, software, Leases & Maintenance; Includes unbudgeted cost
E12-18 Premises

113382.00

8.52%

98119.41

7.2% Buildings Maintenance & Services; rates, water and energy costs.
CE01-4 Capital Expenditure

7482.00

0.56%

23193.40

1.7% Cost of new renovations to reception class and new ICT equipment
E30 Direct Revenue Funding

00.00

xx%

15880.00

1.0% Capital Building & ICT Infrastructure projects

 

TotalExpenditure

1328266.00

 

1342921.04

 

   

 

 

 

 

 
I01-08/I1011/I13-18 Revenue Income

1310191.00

 

1341664.56

 

LA funding, income from student placements, hirings and insurance claims
I09 Catering Income

00.00

 

00.00

 

 
I12 Trips & Visits Income

00.00

 

17417.05

 

Unbudgeted Trips & Visits income
CI01-03 Capital Income

7482.00

 

7481.88

 

Devolved Formula Capital
CI04 Private Income

00.00

 

00.00

 

Private Donation

 

Revenue Funded Capital

00.00

 

15880.00

 

FF

Total Income

1317673.00

 

1382443.49

 

 

 

 

 

 

 

 

Committed Carry Forward for ESCO

49451.62

 

88805.59

 

 

Committed Carry Forward for Capital

00.00

 

168.48

 

 

Proposed Budget surplus

00.00

 

 

 

 

Budget Reserves

00.00

 

00.00

 

 

Projected Budget surplus

38858.62

 

88974.07

 

 

 

2011-12 Final Budget Position

 The highlights of the year were that once again we retained our highly qualified and well-trained staff that enabled the pupils to achieve and progress well throughout the year.  Improvements to the school were also carried out and this included new facilities in Key Stage 1 classrooms, new flooring in lower Key Stage 2 and new furniture throughout the school.  In addition the new Forest School was established.  It is expected that the Forest School will become an important addition to the teaching and learning for the pupils.  The grounds were also improved to provide a safe environment for the pupils to enjoy. Information on general areas of the budget is shown below with detailed information attached.

 

CFR Budget area Budget 2011-12   Actual spend  2011-12    
E01-11 &            
E26 Staff & Related 995825.00 81.7% 974462.41 75.17% Salaries, Training & Recruitment costs including Supply & Agency; etc
E21-23 &            
E27-29 Admin & Professional Services 33678.00 2.8% 32536.06 2.50% Administration, Professional Services & Insurances;
             
E25 Catering 24285.00 19% 24311.45 1.87% All Catering Costs; Includes FSM
             
E19 Departments & Learning Resources Trips & Visits 37150.00 3% 49988.14 3.85% Subject allocations; cost of unbudgeted trips included in actual spend;
             
E24/E32 Enterprise & Specialist Schools 00 0% 00.00 0% Government funded Extended Schools/Specialist Schools & Enterprise Initiatives
             
E20 ICT 14420.00 1.2% 36205.03 2.79% All ICT Hardware, Software, Leases & Maintenance; Includes  unbudgeted cost
             
             
E12-18 Premises 94972.00 7.8% 78788.66 6.07% Buildings Maintenance & Services; Significant savings over budget due to tight control of maintenance costs & implementation of annual
CE01-4 Capital Expenditure 8391.76 0.07% 29463.00 2.27%  
E30 Direct Revenue Funding 00.00 xx% 21071.74 1.62% CapitalBuilding& ICT Infrastructure projects
  Total Expenditure 1208721.76   1246826.49    
I01-08/I10­            
11/I13-18 Revenue Income 1179708.00   1221762.16   LEA, Government Grants & SAPG Income; includes additional grants
             
I09 Catering Income 00.00   00.00   Catering income, including Free School Meal income
I12 Trips & Visits Income 00.00   15267.30   Unbudgeted Trips & Visits income
CI01-03 Capital Income 7488.00   7487.50   Devolved Formula Capital
CI04 Private Income 00.00   00.00   Private Donation for renovations to Key Stage 1 classrooms
  Revenue Funded Capital 00.00   21071.74    
  Total Income 1187196.00   1265588.70    
             
  Committed Carry Forward for ESCO 29785.65   49451.62    
  Committed Carry Forward for Capital 903.76   00.00    
  Proposed Budget deficit/(surplus) 00.00   00.00    
  Budget Reserves 00.00   00.00    
  Projected Budget (surplus) 9163.65   49451.62    
             
  Over (Under) Budget     49451.62