Magdalen Academy: school finances
Large reserves
Holds £128k in reserve, 25% of a year's income.
Latest full year 2024-25, as a academy (accounts return, September–August). Norfolk · Primary · Academy converter.
Academies in a trust don't hold money on their own: UNITY 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 | £362k | £432k | -£70k | -£92k | 54 |
2019-20 | £366k | £402k | -£36k | -£162k | 64 |
2020-21 | £440k | £359k | +£81k | -£96k | 62 |
2021-22 | £419k | £358k | +£61k | -£52k | 52 |
2022-23 | £473k | £339k | +£134k | £48k | 45 |
2023-24 | £479k | £427k | +£52k | £71k | 45 |
2024-25 | £515k | £425k | +£90k | £128k | 46 |
Compared with similar schools
Similar schools are the 30 primary 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 97% of them. It spends £9,140 a pupil in total; similar schools typically spend £11,165.
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 | £3,849 | £5,198 | £4,393–£5,753 |
Support staff (e.g. TAs) | £1,355 | £1,640 | £1,391–£2,191 |
Supply staff | £280 | £131 | £17–£386 |
Admin and clerical | £602 | £584 | £459–£778 |
Premises | £430 | £556 | £398–£802 |
Energy | £194 | £214 | £143–£292 |
Learning resources & ICT | £473 | £489 | £351–£590 |
Bought-in services | £366 | £404 | £187–£545 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Burlescombe Church of England Primary School In deficit
- Marshwood CofE Primary Academy Tight
- Flitcham Church of England Primary Academy Tight
- St John's Catholic Primary School Tight
- Gooderstone Church of England Primary Academy Tight
- Monyash CofE Primary School Large reserves
- Sigglesthorne Church of England Primary Academy Tight
- Crown Street Primary School Large reserves
- Otterton Church of England Primary School Healthy
- Matlock Bath Holy Trinity CofE Controlled Primary School Healthy
- Brimpton C.E. Primary School In deficit
- Piddle Valley Church of England First School Large reserves
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £507k | £10,903 |
SEN funding (part of grants) | £49k | £1,054 |
Self-generated (lettings, catering, donations) | £8k | £172 |
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 14% since 2018-19. How is the school planning for fewer pupils, and the funding that goes with them?
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 Magdalen Academy · All Norfolk school finances