It is compulsory for academy trusts which have an open academy to complete the self-assessment checklist each year.
The aim is to ensure that academy trusts are managing their resources effectively and identifying any adjustments that need to be made.
The deadline for the 2022 to 2023 school resource management self-assessment checklist is 15 March 2023.
Academy trusts must submit their return via the online form. The 2022 to 2023 checklist support notes provide guidance on the questions.
All academy trusts must complete the self-assessment checklist each year.
The checklist helps governing bodies and trust boards to:
The checklist was previously part of the school resource management self-assessment tool (SRMSAT).
All academy trusts which have an open academy on 31 December 2022 must complete and submit a 2022 to 2023 self-assessment checklist.
Local authority maintained schools should use the schools financial value standard (SFVS), which you can read more about in our blog.
The checklist comprises a series of questions, to help assure the board that it's meeting the right standards.
The questions cover 6 sections:
Use the checklist support notes for further guidance.
You might also find it useful to refer to:
The self-assessment dashboard helps trusts complete their checklist.
To find your self-assessment dashboard:
1. Search for your school(s) on the schools financial benchmarking service
2. Click on 'start comparison'
3. Click on 'self-assessment dashboard'
Guidance on completing the self-assessment dashboard is available.
The dashboard provides red, amber or green (RAG) rating against a school's data, which indicates how its spending and characteristics compare with similar schools or nationally recognised bandings and recommendations.
The dashboard was previously part of the SRMSAT.
Our consultants can support and guide you through the process.
With our support, you will be able to produce everything you need for self-assessment checklist compliance, which includes:
If you would like our assistance, then simply click here to get in touch.
We are running a free session on preparing for the SRMSA on 26 January, 2.30-3.30pm. Sign up here. If you have missed the session or cannot attend, please get in touch at marketing@saafeducation.org for a copy of the training presentation and a recording of the session.
It's Time to think about your school financial value standard