The latest release of data now available, is taken from Education and Skills Funding Agency’s database of college finance records for the year ended 31 July 2022. The data file contains 214 of 228 expected returns. National colleges are not included in this dataset.
The ESFA has in the light of the above, updated its financial bench marking tool.
Those governors with a particular interest and expertise in financial matters or HR matters, may find the figures useful for bench marking purposes.
It is important to remember, that governors should not be as interested in the actual figures themselves, but rather in what the data from their college means – i.e., what the strategic implications of the data are.