Schools Consistent Financial Reporting

Consistent Financial Reporting (CFR) standardises, simplifies and streamlines the reporting of school finances in all local authority maintained schools in England.

The CFR data is used to populate the Department for Education (DfE) Schools Financial Benchmarking website, giving schools the opportunity to compare their income and expenditure with those of similar schools.

In addition, the CFR data is used to pre-populate part of the Section 251 outturn statements. In January 2011, for the first time, the Department published all schools' CFR 2009-10 data as part of the Coalition Government's data transparency agenda.

CFR Benchmarking Data Status Reports

The consistent financial reporting framework (CFR) is a standard framework into which schools should code their income and expenditure to enable production of simple, standardized reports for governors and local authorities.

CFR increases the level of accountability of school managers whilst prompting schools to become more self-managing. Access to benchmarked data allows school managers to make better-informed decisions when deciding annual budgets, thus improving overall efficiency year on year.

CFR facilitates networking between schools and encourages 'learning by looking' where schools look to each other for advice on best practice.

Consistent Financial Reporting (CFR) Framework Guidance

View our Outturn Statement