You may have seen or read about the ongoing situation with school finances on the news recently. Here we intend to keep you updated on how these issues are and will furthr impact upon our school.
Changes to SEND funding implemented in September 2017
We were notified in September of this year that DAF funding would cease should the child not have an EHCP. Previously children have been awarded DAF funding to enable us to provide additional resources, interventions or 1:1 support. The school had to fund the first 6,000 before an application for DAF funding could be made.
The new system that has been introduced will result in additional financial implications as many children who have additional needs will not meet the requirements for an EHCP (Educational Health Care Plan). Therefore the costs of additional interventions and support will need to be met from the schools budget.
We do have a notional amount allocated in the budget for SEND but with increasing numbers of children with SEN this income is less than current expenditure. It is also worth noting that many children that need interventions do not necessarily amount to £6000 so even on the old system they were not entitled to DAF funding and therefore the costs have to be taken from the school budget.
We have identified SEN as one of the priority areas to cover with Teaching Assistants as the impact of the interventions is key to enabling these children to make progress.
NATIONAL FUNDING FORMULA
In its consultation document, the DfE explained that a new approach to how money is allocated to schools is necessary because the current system is unfair, untransparent and out of date.
The current system is based on assessments and statistics from ten years ago.
Some schools stand to benefit from the National Funding Formula, but others could end up with less money to spend.
What is the National Funding Formula?
The National Funding Formula is s, rather than central Government. It would also ensure that all school budgets are set using the same criteria.
How will schools be funded under the National funding Forrmula?
The proposed National Funding Formula, is based on 13 different factors in four ‘building blocks’ which will be taken into account when setting schools budgets.
Block A: Per-pupil funding
This is the biggest factor that will be used to allocate funding to schools. Every primary school will be awarded at least £3,500 per pupil per year, regardless of their location, size of the school, or any other factors. Secondary schools will receive at least £4,800 per pupil per year.
Block B: additional needs funding
This will be allocated on the basis of four additional needs:
. In order to help raise the attainment of children who statistically perform less well than their peers.There will be a £26 million fund to help rural and isolated schools
Block C: School –led funding
This money is allocated to schools separately of any factors relating to pupils. It includes:
This will be based on the school’s location, and recognises factors such as the difference in teachers’ salaries depending on region
Will Schools be better off?
Under the new proposals, . It’s thought that 10,740 schools will gain, but 9,128 will lose out.
For example, the DfE plans to set the ‘lump sum’ payment at £110,000 per school. Currently, the equivalent amount awarded to schools by their local authority varies from £59,000 to £175,000. The worst-affected schools will lose up to three per cent of their overall budget.
The schools that are likely to benefit the most from the National Funding Formula are:
Stokeinteignhead Primary would benefit from the proposed National Funding Formula. It is however additional costs and cuts over the past couple of years that have impacted significantly on our budget.
Examples of some of the additional costs that have impacted on our school since April 2015
Total of above costs £40.972