Annal Nayyar -Wins Commission to produce Schools Financial Value Standard (SFVS) for Several Schools

Annal and his team have secured this assignment across a number of Local Authority Schools. So what is SFVS and would you like some finance support? Please contact the team for a discussion.

What is the SFVS?

Schools manage many billions of pounds of public money each year.  Effective financial management ensures this money is spent wisely and properly, and allows schools to optimise their resources to provide high-quality teaching and learning and so raise standards and attainment for all their pupils.  The SFVS replaces the Financial Management Standard in Schools (FMSiS) and has been designed in conjunction with schools to assist them in managing their finances and to give assurance that they have secure financial management in place.

 

Who is the SFVS for?

The standard is a requirement for local authority maintained schools.  Other schools are welcome to use any of the material associated with the standard, if they would find it useful.   Governing bodies have formal responsibility for the financial management of their schools, and so the standard is primarily aimed at governors.  

 

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