Last reviewed on 25 November 2020
School types: All · School phases: All
Ref: 38424

See examples of finance policies for schools from primary and secondary schools.

You aren't required to have a finance policy

You're not required to have an overarching 'finance policy'. However, you do need certain policies related to finance. Department for Education guidance explains that you need: 

Some schools choose to present these policies in one finance policy document. 

Primary school examples

Community school in Doncaster

Toll Bar Primary School’s finance policy sets out:

  • The school's financial organisational structure
  • The specific responsibilities of different groups
  • Financial systems and processes such as budgeting, purchasing and petty cash
  • Financial reporting schedules
  • The charging and remissions policy 

See it on the school's website

Academy in Lincolnshire

Keelby Primary Academy has adopted its multi-academy trust's (MAT's) finance policy and procedure manual. 

It covers areas such as:

  • Financial planning
  • Payroll
  • Purchasing 
  • Debt management
  • Cash management

The policy can be accessed from the school's policy page

Secondary school examples

The Aspire Academy has a finance