The Milton Keynes Academy: school finances
Large reserves
Holds £729k in reserve, 8% of a year's income. It has been drawing on it for 2 years.
Latest full year 2024-25, as a academy (accounts return, September–August). Milton Keynes · Secondary · Academy sponsor led.
Academies in a trust don't hold money on their own: CREATIVE EDUCATION TRUST can move money between its schools. The reserve includes this school's per-pupil share of the trust's central reserve.
Reserve at the end of each year, 2018-19 to 2024-25
Income and spending, 2018-19 to 2024-25
Income Spending
Show the figures as a table
| Year | Income | Spending | Balance | Reserve | Pupils |
|---|---|---|---|---|---|
2018-19 | £7.6m | £6.1m | +£1.5m | £1.1m | 1,208 |
2019-20 | £8.0m | £7.3m | +£741k | £1.4m | 1,186 |
2020-21 | £8.3m | £7.4m | +£953k | £2.0m | 1,229 |
2021-22 | £8.7m | £8.0m | +£734k | £2.4m | 1,242 |
2022-23 | £9.5m | £8.7m | +£775k | £2.8m | 1,168 |
2023-24 | £8.8m | £8.8m | -£2k | £0 | 1,062 |
2024-25 | £9.6m | £10.0m | -£443k | £729k | 1,014 |
Compared with similar schools
Similar schools are the 30 secondary schools outside London closest in size and in the share of pupils on free school meals. Its reserve, as a share of income, is higher than 47% of them. It spends £9,871 a pupil in total; similar schools typically spend £8,548.
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 | £4,251 | £4,686 | £4,255–£4,986 |
Support staff (e.g. TAs) | £1,748 | £1,089 | £890–£1,376 |
Supply staff | £183 | £200 | £61–£314 |
Admin and clerical | £466 | £438 | £383–£571 |
Premises | £931 | £525 | £407–£900 |
Energy | £184 | £177 | £48–£218 |
Learning resources & ICT | £543 | £496 | £368–£695 |
Bought-in services | £126 | £116 | £42–£179 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Fleetwood High School Healthy
- NCEA Duke's Secondary School Tight
- Willenhall E-ACT Academy Large reserves
- St Peter's CofE Academy Large reserves
- The Link Academy Large reserves
- North Durham Academy Large reserves
- Ormiston Meridian Academy Large reserves
- The Robert Napier School Healthy
- The Royal Sutton School In deficit
- Boldon School In deficit
- St Peter's RC High School Healthy
- Notre Dame Catholic Academy Large reserves
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £10.0m | £9,893 |
SEN funding (part of grants) | £57k | £56 |
Self-generated (lettings, catering, donations) | £218k | £215 |
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?
- Pupil numbers have fallen 16% since 2018-19. How is the school planning for fewer pupils, and the funding that goes with them?
- Spending on support staff (e.g. tas) is £1,748 a pupil, against a typical £1,089 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 The Milton Keynes Academy · All Milton Keynes school finances