King Edward VI Grammar School: school finances
Healthy
Holds £327k in reserve, 5% of a year's income.
Latest full year 2024-25, as a academy (accounts return, September–August). Lincolnshire · Secondary · Academy converter.
Academies in a trust don't hold money on their own: KING EDWARD VI 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 | £4.5m | £4.4m | +£82k | -£173k | 905 |
2019-20 | £5.0m | £4.7m | +£293k | £61k | 954 |
2020-21 | £5.3m | £5.1m | +£234k | £295k | 967 |
2021-22 | £5.7m | £5.7m | +£8k | £303k | 966 |
2022-23 | £6.4m | £6.3m | +£104k | £395k | 960 |
2023-24 | £6.7m | £6.6m | +£37k | £392k | 927 |
2024-25 | £6.7m | £6.6m | +£63k | £327k | 889 |
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 33% of them. It spends £7,414 a pupil in total; similar schools typically spend £7,456.
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 | £4,403 | £4,245 | £4,048–£4,511 |
Support staff (e.g. TAs) | £297 | £719 | £606–£872 |
Supply staff | £146 | £86 | £45–£179 |
Admin and clerical | £582 | £477 | £398–£557 |
Premises | £310 | £393 | £337–£493 |
Energy | £214 | £122 | £106–£146 |
Learning resources & ICT | £385 | £595 | £396–£719 |
Bought-in services | £191 | £100 | £62–£155 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Millais School In deficit
- Pix Brook Academy Large reserves
- Rodborough Large reserves
- The Priory School Large reserves
- The Chantry School Large reserves
- Manningtree High School Large reserves
- Balshaw's Church of England High School Large reserves
- Shavington Academy Large reserves
- Woolmer Hill School Large reserves
- Bishop Challoner Catholic Secondary School Heading for deficit
- Highsted Grammar School Large reserves
- Ron Dearing UTC In deficit
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £6.4m | £7,156 |
SEN funding (part of grants) | £70k | £79 |
Self-generated (lettings, catering, donations) | £371k | £417 |
Questions to ask the school
Useful for parents, governors and PTA committees.
- Spending on bought-in services is £191 a pupil, against a typical £100 for similar schools. What's behind that?
- Spending on energy is £214 a pupil, against a typical £122 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 King Edward VI Grammar School · All Lincolnshire school finances