Value for Money

beauchamp collegeBeauchamp College continues to be a highly successful and oversubscribed college. We believe in pursuing excellence and equity for all and promote opportunities for partnerships with schools, the community and a range of external providers. Beauchamp became an academy on 1st May 2013. In April 2014 Beauchamp became a Multi Academy Trust (MAT) embracing three local schools forming the Lionheart Academies Trust and also working towards sponsoring a fourth school. There is also interest from other schools and MAT’s to join the Lionheart Academies Trust within the locality. After the last inspection in May 2011 the college was given the rating of outstanding by OFSTED. As an Academy Trust we are committed to:-

  • Maintaining outstanding student attainment and achievement
  • Ensuring a strong governor committee is in place to oversee finances
  • Ensuring good value for money and effectiveness of resources
  • Managing any potential risk elements

Educational Results, Targeted Improvement & Initiatives

Beauchamp College is a successful and highly regarded academy with a proven track record year on year of high quality teaching and learning at both Key Stage 4 and 5. Our results at both GCSE and A Level are above the national average and we remain one of the top performing schools in the country, students and staff work incredibly hard with parental support.

The attainment and achievement of students in Key Stage Four at Beauchamp College is outstanding. The majority of students, including SEN students, make rapid and sustained progress in most subjects given their initial starting points. Key indicators as published in RAISE online are significantly above national average and have been so over the past three years. In 2014 78% of students reached the L2 benchmark of 5 or more GCSEs A*-C including English and Mathematics, this was against a national figure of 53%. In 2014 the average grade of Beauchamp students was a B (Best 8). When measuring using the new Progress 8 system we would score approximately 0.80 which indicates we would be in the top 10% of all schools for progress made.

Standards and achievement in post 16 are also outstanding. In 2014 from initial overall APS per pupil has again risen (part of a three year trend) to 748.17 with an overall average grade of C+ per entry. ALPS A-Level progression grade has shown an improvement from 4 in 2013 to 3 in 2014 formally putting us into the ‘excellent’ category. Our 2013 A Level Value Added Score was significantly positive (0.14) and reflects the improvements we continue to make in our sixth form provision.

Furthermore, progression for sixth form students has been very good and we have continued to support a number of our students in gaining Oxbridge offers, as well as other universities, work or training opportunities. This year Beauchamp College had a record number of seven students go to begin their studies at Oxbridge Universities. Beauchamp College works hard to help individual students achieve their goals and has a strong network of support when it comes to University.

Beauchamp College is part of the ‘Oadby family’, made up of two high schools, as well as eight primaries, and we recognise the part all schools play to provide a sound base for us to get outstanding results from our students. Student voice is very strong within the academy and enables students to develop their social capital. The college also has a unique student led programme of lesson observations which with other more usual methods, the academy uses to help evaluate teaching and learning.

As a college we do the best to meet the needs of our students and offer additional opportunities including visiting alumni who share the benefit of their experience and Eton and Wycombe exchange programmes which provides other experiences from which the students can benefit. All of this means we are offering our students as much opportunity as possible to get ahead.

The broad and varied curriculum offered aims to create learning pathways for students, enabling them to achieve and enjoy. The college has also developed a robust assessment tracking system so student’s progress and attainment is monitored on a regular basis enabling any areas of concern to be highlighted by teaching staff or members of the leadership team.

The staffing structure is monitored on a regular basis and all staff undertake performance management. Staffing at the academy is curriculum led.

The college has developed ‘link’ governor roles who pay a particular interest in key areas. The Curriculum, Standards and Staffing committee consider curriculum, data and personnel matters.

Financial Governance & Oversight

The academy has a strong governing committee in place which is made up of governors (trustees) and staff governors. Five Members of Beauchamp College governors are Directors of Lionheart Academies Trust. The academy has student governors who play an active part in the leadership and governance of the college.

The governors are responsible for ensuring funding is spent in line with the funding agreement and have an effective and appropriate system of control, financial and otherwise. The Finance and Premises committee manage the academy’s financial plan and annual budgets ensuring all funds are used for the purposes of the academy and in accordance with the terms of the funding agreement, monitor premises and maintenance plans, consider capital expenditure and monitor, review and amend health and safety.

Expenditure is monitored by reports to the Finance Committee and Full Governing Body. The governors make decisions in relation to expenditure and capital.

The leadership team 2013/14 comprised of the Principal, PA to the Principal, two Vice Principals, three Assistant Principals and three team leaders. The leadership team manage the control of the academy at an executive level implementing the policies laid down by the governors.

Following the transition to a Multi Academy Trust in April 2014 an Executive Principal and Executive Team were appointed. The Executive Team, including the Executive Principal, provides support and guidance to the academies within the Trust and has responsibility for ensuring that the interest of the Trust as a whole remain paramount. The Executive Principal is the Accounting Officer for the Trust. The Executive Principal is also a member of the Regional Schools Commissioner Head teacher Board for the East Midlands and is a National Leader in Education.

Other leaders in the college including Heads of Departments/Faculties, Associate Staff Team Leaders etc., are responsible for the authorisations of spending within agreed budgets. All limits on expenditure are set out in the Financial Regulations.

Value For Money

For value for money to be achieved the college needs to be as effective as it can in its use of public and other money. One of the elements of the college’s commitment to achieving value for money is to drive to obtain goods and services that provide the best quality at the best price. Faculties and departments are always encouraged to try to achieve greater value for money and to see the full extent of the potential benefits and good practice throughout the college.

Contracts are often appraised or renegotiated to get the best mix of quality and effectiveness. On occasions long term contracts may be entered after consideration to ensure reduced cost where it is felt this would benefit the academy, for example insurance. We will shortly be undertaking a benchmarking exercise for insurance purposes as our policy is due to expire.

Although the academy currently benchmarks its costs against other organisations to identify areas for making potential savings, this could be improved with more online resources becoming available.

Thecollege also shares procurement and administration best practice through using the Financial Directors (FD) Forum on-line. Since becoming a MAT this has enabled us to liaise with other schools and share best value for money.

To list just a few examples the college has recently undertaken benchmarking exercises to compare architect fees, photocopying systems, late bus costs and stationary supply costs.

The governors and leadership team at Beauchamp College always ensure best value when making decisions about matters such as:-

  • Use of resources to best support the educational needs of students
  • Targeting resources to improve standards and quality of provision
  • Allocation of resources to best promote the aim and values of the college

Opportunities have been taken to explore and generate additional income streams such as facilities, adult education and childcare.

Reviewing Controls & Managing Risks

Prior to the formation of the Trust in April, Beauchamp College had a Risk Management Committee. This has now become the Trust Risk Management Committee comprising the Executive Team and several directors. This committee meets annually to review risks across the Trust. The agenda of every Executive Board meeting includes an item referring to risk updates. The Trust has now elected a member to act as a Risk Manager for the Trust.

Each academy within the Trust is in the process of developing its own risk management system to regularly review a risk register which identifies and categorises significant risks, their likelihood of occurrence, their potential impact, and identifies controls that will mitigate the risks. Business Continuity Plans for each academy are being prepared.

Appropriate systems, policies, procedures and controls are in place to ensure that identified risks do not impact adversely on each academy’s operations. Appropriate insurances are in place. Policies are in place to minimise risk.

Each Academy produces a three year budget forecast to determine the effects of funding changes on the bottom line, having considered the effect of funding reforms in future years. Academies regularly review staffing structures to contain and monitor payroll costs in view of the potential risks to future funding. Staffing is curriculum-led and is the responsibility of the Executive Principal.

The academy’s trust’s system of internal financial control is based on a framework of regular management information and administrative procedures including the segregation of duties and a system of delegation and accountability, it includes:-

  • Budgeting and monitoring systems with an annual budget and periodic financial reports which are reviewed and agreed by the governing body.
  • Setting targets to measure financial and other performance.
  • Identification and management of risks.
  • Appointment of independent external Auditors

The system of internal control is designed to manage risks to a reasonable level rather than to eliminate all risk of failure to achieve policies, aims and objectives; it can therefore only provide reasonable and not absolute assurance of effectiveness. The system of internal control has been in place at Beauchamp College for the year ended 31 August 2014.

Objectives & Strategies

The Trust’s principal aims and activities during the period ended 31 August 2014 have been designed to deliver the following objectives:

  • To raise the standards of attainment and progress in each academy within the Trust
  • To raise the quality of learning and teaching and leadership and management within each academy and across the Trust.
  • To ensure financial viability in individual academies and across the Trust as a whole and to
    embed efficient financial procedures and policies.
  • To develop safe and effective learning environments including premises and IT.
  • To ensure that staffing is curriculum led and based on pupil numbers.
  • To offer the very best teaching at every stage of the educational journey.
  • Continuity of a vibrant and engaging curriculum which promotes the love of learning and prepares learners for the next steps of their lives.
  • Ensure learners feel safe, cared for and listened to.
  • Governor development, embedding link governor work.
  • Leadership development including school to school support as requested
  • Quality teaching and learning to remain our core focus
  • Ensure all funds are used for the purposes of the academy and in accordance with the terms of the funding agreement.
  • Continue to monitor finances carefully and ensure funds are spent to best effect.
  • Manage and identify potential risks to the academies and to the Trust as a whole.

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