South Chingford Foundation School: school finances
Large reserves
Holds £460k in reserve, 8% of a year's income.
Latest full year 2024-25, as a academy (accounts return, September–August). Waltham Forest · Secondary · Academy sponsor led.
Academies in a trust don't hold money on their own: CHINGFORD ACADEMIES 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 | £4.1m | £4.3m | -£231k | £71k | 545 |
2019-20 | £4.2m | £4.4m | -£193k | £13k | 529 |
2020-21 | £3.8m | £3.8m | -£87k | -£74k | 522 |
2021-22 | £4.2m | £4.0m | +£152k | £75k | 506 |
2022-23 | £4.1m | £4.1m | -£21k | £54k | 557 |
2023-24 | £5.0m | £4.9m | +£80k | £134k | 628 |
2024-25 | £5.9m | £5.6m | +£326k | £460k | 617 |
Compared with similar schools
Similar schools are the 30 secondary 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 53% of them. It spends £9,016 a pupil in total; similar schools typically spend £10,014.
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 | £4,564 | £5,536 | £4,973–£6,091 |
Support staff (e.g. TAs) | £1,055 | £900 | £595–£1,108 |
Supply staff | £1,045 | £255 | £30–£341 |
Admin and clerical | £608 | £676 | £551–£901 |
Premises | £496 | £525 | £419–£851 |
Energy | £152 | £198 | £155–£269 |
Learning resources & ICT | £305 | £562 | £435–£723 |
Bought-in services | £199 | £184 | £86–£505 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Connaught School for Girls Tight
- Orchard Park High School Large reserves
- Laurel Park School In deficit
- Ark Greenwich Free School Large reserves
- Friern Barnet School In deficit
- Fulham Cross Academy Large reserves
- Newman Catholic College In deficit
- Thomas More Catholic School Tight
- Lammas School In deficit
- Michaela Community School Large reserves
- La Sainte Union Catholic Secondary School In deficit
- The Hurlingham Academy Large reserves
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £5.9m | £9,554 |
SEN funding (part of grants) | £224k | £363 |
Self-generated (lettings, catering, donations) | £84k | £136 |
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?
- Spending on supply staff is £1,045 a pupil, against a typical £255 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 South Chingford Foundation School · All Waltham Forest school finances