Michael Faraday School: school finances
Large reserves
Holds £458k in reserve, 12% of a year's income.
Latest full year 2025-26, as a council-run school (CFR return, April–March). Southwark · Primary · Community school.
Reserve at the end of each year, 2018-19 to 2025-26
Income and spending, 2018-19 to 2025-26
Income Spending
Show the figures as a table
| Year | Income | Spending | Balance | Reserve | Pupils |
|---|---|---|---|---|---|
2018-19 | £2.7m | £2.9m | -£180k | £465k | 442 |
2019-20 | £3.0m | £2.9m | +£53k | £518k | 438 |
2020-21 | £3.0m | £2.7m | +£298k | £816k | 428 |
2021-22 | £2.7m | £3.0m | -£301k | £515k | 415 |
2022-23 | £3.3m | £3.2m | +£46k | £562k | 421 |
2023-24 | £3.2m | £3.4m | -£165k | £396k | 412 |
2024-25 | £3.6m | £3.6m | -£51k | £345k | 418 |
2025-26 | £4.0m | £3.8m | +£112k | £458k | 416 |
Compared with similar schools
Similar schools are the 30 primary schools in London closest in size and in the share of pupils on free school meals. Its reserve, as a share of income, is higher than 80% of them. It spends £9,254 a pupil in total; similar schools typically spend £8,930.
This school Middle half of similar schools Similar schools’ median
Show the comparison as a table
| Spending per pupil | This school | Similar schools (median) | Middle half |
|---|---|---|---|
Teachers | £4,079 | £4,059 | £3,555–£4,535 |
Support staff (e.g. TAs) | £1,854 | £1,680 | £1,279–£2,145 |
Supply staff | £239 | £201 | £91–£449 |
Admin and clerical | £405 | £420 | £372–£498 |
Premises | £472 | £491 | £387–£580 |
Energy | £220 | £115 | £91–£153 |
Learning resources & ICT | £307 | £312 | £240–£374 |
Bought-in services | £370 | £412 | £242–£827 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Gospel Oak Primary School Tight
- Brettenham Primary School In deficit
- Primrose Hill School Healthy
- Yeading Junior School Healthy
- St Andrew and St Francis CofE Primary School Large reserves
- St Antony's Catholic Primary School Large reserves
- Childs Hill Primary School Healthy
- Manford Primary School Large reserves
- Edgware Primary School Tight
- Derwentwater Primary School Large reserves
- Lancasterian Primary School Healthy
- Britannia Village Primary School Large reserves
Where the money comes from, 2025-26
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £3.8m | £9,189 |
SEN funding (part of grants) | £116k | £279 |
Pupil premium (part of grants) | £232k | £559 |
Self-generated (lettings, catering, donations) | £180k | £434 |
Questions to ask the school
Useful for parents, governors and PTA committees.
- What are the reserves set aside for, and when will they be spent on current pupils?
- Could any of the surplus be clawed back under the council's scheme for financing schools?
- Spending on energy is £220 a pupil, against a typical £115 for similar schools. What's behind that?
Check these figures
Every figure here comes from the school's published return to the DfE. Check it on the DfE benchmarking page for this school, and see how the status is worked out.
Admissions, Ofsted and results for Michael Faraday School · All Southwark school finances