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I accept that as accounting officer of THE FERNWOOD ACADEMY TRUST I am responsible and accountable for ensuring that the academy trust delivers good value in the use of public resources. I am aware of the guide to academy value for money statements published by the Education Funding Agency and understand that value for money refers to the educational and wider societal outcomes achieved in return for the taxpayer resources received.
I set out below how I have ensured that the academy trust’s use of its resources has provided good value for money during the academic year.
I set out below how the academy has ensured that its resources have provided good value for money during the academic year.
The Governors of The Fernwood School are committed to achieving Best Value in all decisions made. We use the principles of Best Values as they apply to securing continuous improvement in this academy and will:
We will strive to ensure that the academy is using its resources effectively to meet the needs of students. We will set and submit an annual budget plan; both the progress of the annual budget and the Best Value statement will be monitored with the Academy Action Plan in order to determine the extent of continuous improvement. The academy has in place a strategy and a set of guidelines, updated annually, which will ensure that Best Value will be reviewed and demonstrated
Curriculum; Continue to raise standards through;
Academy Systems; Maintain a MIS to enable;
Academy Leadership and Management; To continue to support;
Ensuring that there is a systematic approach by the Governing Body to check the effectiveness of the provision by:
Improving academy effectiveness by:
Financial Management; Improving efficiency of Financial Management by;
Resources; Ensuring Best Value principles are applied to the purchase of resources by:
Premises; To monitoring effective use of the academy environment by:
Name: Mrs Tracy Rees
Academy Trust Accounting Officer
Date: 05 Jan 2015