Department For Education
Overview
Integrated curriculum and financial planning (ICFP) is a management process that helps schools plan the best curriculum for their pupils with the funding they have available. It can be used at any phase or type of school.
ICFP involves measuring your current curriculum, staffing structure and finances, and using the data to create a 3- to 5-year plan.
ICFP is not new
The idea of linking curriculum and financial planning is not new. Most schools probably use some ICFP processes already when reviewing their curriculum or financial strategy.
The benefits of ICFP
Linking curriculum and financial planning can help you:
- achieve educational success and financial sustainability
- deliver the best curriculum your school can afford that meets the needs of your pupils
Getting started with ICFP
There is no one way to do ICFP, but it should include analysing your:
- teacher deployment
- use of support staff
- non-staffing costs
- balance of income and costs
The more variables you measure, the more accurately youll be able to predict the resources you can afford in the future.
Youll need to make some assumptions about how things might change over the next few years. Starting before you begin planning for the next academic year will give you time to recruit any new teachers you need.
ICFP is most effective when it is a normal part of your planning activity and involves your senior team, including your business manager and governors.
Use the to help you get started.
Common ICFP steps
Most approaches to ICFP follow common steps.
Prepare
To begin, you should:
- get the right people involved - curriculum and financial planners need to work together
- create an educational vision statement for your school
- conduct a thorough assessment of your current financial situation
- conduct a thorough assessment of your teaching resources
- choose an ICFP tool to help you know what to measure
- make sure school leaders, academy trustees and governors understand
See the to help you prepare.
Analyse
Then start to:
- look at the curriculum you wish to provide
- link curriculum costs to budget planning
- measure and benchmark key metrics
- establish common assumptions about what will change over 3 to 5 years, including pupil numbers and needs, funding, costs, staffing or educational policy
Plan
Finally, you should:
- reconcile staffing and curriculum plans with what can be delivered in a balanced budget
- write a strategic plan for 3 to 5 years
- set regular reviews and update the plan as things change
What to measure
ICFP balances the relationships between:
- the amount of teaching time required to run the timetable
- the amount of support staff time required (outside of mainstream secondary settings)
- the proportion of time teachers spend teaching
- class sizes
- the cost of employing teachers
- available revenue
- non-staffing costs of running the school
- the budget available for teaching costs
Some schools and trusts use additional metrics, such as curriculum bonus.
Using an equation (Association of School and College Leaders website) shows the relationship between what you measure and how changing one figure can affect other variables.
The and explain the link between metrics without too much maths.
Analysing these metrics shows where you can create savings to invest in areas that will make the greatest difference to pupils.
You can do a simple analysis using the School resource management self-assessment tool (academies) or the Schools financial value standard (maintained).
Reconciliation
Your analysis will give you the number of teachers you can afford, based on estimated cost pressures, income and pupil roll numbers, and the number of teachers you need to deliver your ideal curriculum.
If these numbers are different, you will need to reconcile them.
Do this by changing other metrics to close the gap between these numbers. This could mean adjusting class size, pupil to teacher ratio or the number of teachers.
What you change will depend on the priorities set out in your educational vision statement. Reconciliation should be done openly with all relevant staff until you reach an agreement.
You will need to consider what can be delivered by school staff and the impact any changes may have on teacher workload and the work-life balance of staff. See the Workload reduction toolkit.
ICFP training
This training will help head teachers, governors and school business professionals.
Institute of School Business Leadership (ISBL)
ISBL has published an ICFP training presentation which covers:
- an overview of ICFP
- metrics and calculating metrics
- what metrics can tell you about your organisation
Entrust
Entrust have created school resource management webinars which cover: