The Hathershaw College

The Hathershaw College - Academy Trust

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Value for Money Statement

 

I accept that as accounting officer of The Hathershaw College 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.

The Hathershaw College has sound internal spending controls as evidenced by Responsible Officer visits and Annual Audit.

 

To be competitive we have ensured we are buying appropriate supplies and services at the best possible price by gaining the required number of quotes according to the scheme of delegation.  We agree with Governors the rationale when placing a major order that is not the lowest priced item.

 

Where limits require, we have entered into formal Tender arrangements.

 

Purchasing arrangements have been entered into on a fair and open basis.  No supplier was chosen based entirely upon price.

 

We have benchmarked certain costs with other schools and academies in our region to ensure value for money. 

 

We have evaluated the performance of major purchases e.g. ICT linked to the College Improvement Plan as well as our purchasing processes.  The following questions are addressed when evaluation takes place:

 

  1. What are we trying to achieve and what evidence is there about levels of need?
  2. Why are we doing this and are there better ways to achieve the result?
  3. Is our current method the most economical, efficient and effective?
  4. What is in the best interest of our students?
  5. Are our procedures competitive?
  6. Could another organisation do this for us more effectively and economically?

 

All our purchasing arrangements are continually reviewed and challenged to ensure improved use of resources for:

 

  1. The raising of Education standards
  2. Continuous improvement

 

Examples of where value for money has been achieved are:

 

New Initiatives

Major Capital investment has taken place to refurbish the Science and Technology classrooms. Funding for this was allocated from surplus balances therefore allowing the original revenue budget to remain intact

 

Targeted Improvement

Following the successful use of the previous year’s purchase, we purchased more student laptops and lap safes to improve coursework outcomes by facilitating more opportunities for feedback and improvement. This contributed to the continuation of raised standards in English and Maths.

 

Options Appraisal

Hall Refurbishment - A variety of options were discussed before adopting a formal tender process to achieve the best value option for the Academy.

This was actually the cheapest tender although it wasn’t the only consideration.

 

Name:   Dave McEntee

Academy Trust Accounting Officer

Date:  16 October 2014