Schools Financial Value Standard (SFVS) 2025-26
Time is rapidly ticking away and before we know it the end of the financial year will soon be upon us. Rather than leaving your SFVS submission to the end of the year when many other tasks are also requiring completion, please consider submitting your completed SFVS self-assessment sooner rather than later.
A link to the 2025–26 Schools Financial Value Standard web page (document and guidance notes) is provided below.
Schools Financial Value Standard – GOV.UK
When completing the SFVS self-assessment please remember to also complete the Related Party Transaction form which is the record of any related party transactions that have been arrived at through proper procedures and should be appended to the Checklist using the template below.
Template for recording related party transactions.
The SFVS Self-Assessment Checklist continues to be a series of 30 self-assessment questions which school governing bodies should formally discuss with their Headteacher and other senior staff.
SFVS returns must be approved at a meeting by the Full Governing Body and signed by the Chair of Governors, before being submitted to Devon Assurance Partnership prior to the 31st March 2026 annual deadline. Returns made after this date will be formally notified to the Department for Education as a late submission.
Schools Financial Value Standard Submissions and any queries relating to it should be sent to: schoolfinancialvaluestandard-mailbox@devon.gov.uk