Headteacher Update Podcast: Managing school budgets and finance

Written by: Pete Henshaw | Published:

This episode considers how primary schools can balance their budgets, raise funds, and make the most of limited financial resources, offering a range of ideas and tips for income generation and reducing expenditure.

We speak with two school finance experts to get tips, ideas, and advice, including their tenets of best practice in optimising your school’s budget and for effective financial management.

We discuss some of the current challenges including rising energy costs, rising National Insurance costs, and falling pupil rolls.

We also discuss a range of tips for saving on expenditure as well as lots of ideas for generating income, including external generation of funds via community outreach.

We discuss areas where we might work together to achieve economies of scale and hold suppliers to account, and how school improvement and the School Development Plan link to budgeting.

The episode is hosted by Helen Frostick, a National Leader of Education and semi-retired primary school headteacher. Her guests are:

  • Traysi-Jayne Higgin is the chief finance officer at the Viking Academy Trust, a trust of three primary schools based in Kent. Traysi has more than 20 years’ experience working in education finance-related positions including as a school business manager.
  • Husham Khan is a school business manager, author of Financial Intelligence for School Business Leaders, and also advisory member of the Assocation of BAME Business Leaders in Education (ABBLed).

You can listen to this episode of the Headteacher Update Podcast above. To hear other Headteacher Update podcasts, or to subscribe for free to new editions, search for 'The Headteacher Update Podcast' in your podcast streaming application of choice. Or visit www.headteacher-update.com/knowledge-bank/podcasts/

For details about The Headteacher Update Podcast, or to suggest future topics, email editor Pete Henshaw at pete.henshaw@markallengroup.com

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Headteacher Update is a magazine, website, podcast and regular ebulletin dedicated to the primary school leadership team. We tackle a wide range of leadership issues, offering best practice, case studies and in-depth information, advice and guidance. Headteacher Update magazine is distributed free to approximately 20,000 primary school headteachers.

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