St Saviour's and St Olave's Church of England School: school finances
Latest full year 2025-26, as a council-run school (CFR return, April to March). Southwark · Secondary · Voluntary aided school
Tight
Holds £70k £113 per pupil in reserve, under 3% of a year's income: little room for surprises.
Status by year
- 2018-19 In deficit reserve below zero
- 2019-20 Tight reserve under 3% of a year's income
- 2020-21 Tight same as the year before
- 2021-22 Large reserves reserve 5% or more of a year's income
- 2022-23 In deficit reserve below zero
- 2023-24 Tight reserve under 3% of a year's income
- 2024-25 Tight same as the year before
- 2025-26 Tight same as the year before
Government funding vs spending per pupil
In 2025-26, government funding was £6.9m £11,167 per pupil and spending £8.3m £13,390 per pupil. Spending was £1.4m £2,223 per pupil more than government funding; the difference came from other income, such as lettings, catering or donations, or from the school's reserve.
Funding is the money a school receives; spending is what it pays out. The two differ when a school adds to or draws on its savings, and because some money is spent on its pupils by someone else: the council (for example special needs top-ups and transport) or, for academies, the trust's central team. (IFS, pp. 7, 10, 46, 52, 54)
Government funding is the academy accounts line "grant funding from government" in academy (AAR) years and the CFR grant funding total in council-run years. The two are not strictly comparable: CFR line I07 can include some money that is not from government.
Real terms: in 2025-26 prices (HM Treasury GDP deflator, October 2026).
Reserve per pupil by year
Real terms: in 2025-26 prices (HM Treasury GDP deflator, October 2026).
| Year | Pupils | Income | Spending | In-year balance | Reserve at year end |
|---|---|---|---|---|---|
| 2025-26 | 620.0 | £8.2m £13,148 per pupil | £8.3m £13,390 per pupil | -£150k -£242 per pupil | £70k £113 per pupil |
| 2024-25 | 660.0 | £8.2m £12,405 per pupil | £8.0m £12,145 per pupil | +£171k +£260 per pupil | £220k £334 per pupil |
| 2023-24 | 738.0 | £8.1m £10,947 per pupil | £7.7m £10,469 per pupil | +£353k +£478 per pupil | £49k £67 per pupil |
| 2022-23 | 754.0 | £6.7m £8,923 per pupil | £7.4m £9,837 per pupil | -£689k -£914 per pupil | -£304k -£403 per pupil |
| 2021-22 | 754.0 | £6.9m £9,119 per pupil | £6.7m £8,866 per pupil | +£191k +£253 per pupil | £386k £511 per pupil |
| 2020-21 | 757.0 | £6.6m £8,719 per pupil | £6.4m £8,502 per pupil | +£165k +£217 per pupil | £195k £258 per pupil |
| 2019-20 | 746.0 | £6.6m £8,905 per pupil | £6.6m £8,827 per pupil | +£58k +£78 per pupil | £30k £41 per pupil |
| 2018-19 | 750.0 | £6.5m £8,651 per pupil | £6.5m £8,685 per pupil | -£25k -£33 per pupil | -£28k -£37 per pupil |
Where the money comes from
| Line | 2025-26 | Trend per pupil | Change per pupil since 2018-19 | Similar schools (median per pupil) |
|---|---|---|---|---|
| Total income | £8.2m £13,148 per pupil | +52% +16% real | £12k | |
| Government funding | £6.9m £11,167 per pupil | +44% +10% real | £11k | |
| Special needs (SEN) funding | £128k £207 per pupil | +234% +152% real | £441 | |
| Pupil premium | £311k £501 per pupil | +38% +5% real | £530 | |
| Money the school raised itself | £1.2m £1,980 per pupil | +125% +72% real | £378 | |
| Donations (day-to-day) | £1.1m £1,790 per pupil | +130% +76% real | £0 | |
| Donations for buildings and equipment | £72 £0 per pupil | £0 | ||
| Facilities and services | £74k £119 per pupil | +495% +358% real | £197 | |
| Catering income | £2 £0 per pupil | £169 | ||
| Other DfE grants | £69k £111 per pupil | £46 |
Other DfE grants is a container line. It includes the grants that cover higher employer pension and National Insurance costs, which cannot be separated out, so no figure is shown for them on their own. Not every rise in a school's income is extra spending power. When the government raised what schools pay as employers into staff pensions and National Insurance, it gave schools grants to cover the bill. The IFS describes this as extra money to pay for extra outgoings, with no change in real resources. About £2.3 billion of the growth in school funding between 2019–20 and 2025–26 was this kind of grant. So when a school's income jumps, check whether its staff costs jumped by the same amount: the money may simply have passed through. (IFS, p. 50)
Where it goes
| Line | 2025-26 | Trend per pupil | Change per pupil since 2018-19 | Similar schools (median per pupil) |
|---|---|---|---|---|
| Total spending | £8.3m £13,390 per pupil | +54% +18% real | £13k | |
| Teachers | £4.6m £7,377 per pupil | +57% +20% real | £7k | |
| Supply staff | £270k £436 per pupil | +39% +6% real | £264 | |
| Support staff | £629k £1,014 per pupil | +46% +11% real | £1k | |
| Office and admin staff | £580k £935 per pupil | +68% +28% real | £824 | |
| Premises staff | £231k £373 per pupil | +3% -21% real | £326 | |
| Catering staff | £0 £0 per pupil | £0 | ||
| Other staff costs | £94k £152 per pupil | -24% -42% real | £128 | |
| All staff costs | £6.2m £9,940 per pupil | +54% +17% real | £9k | |
| Premises | £380k £613 per pupil | +19% -9% real | £954 | |
| Energy | £311k £502 per pupil | +201% +130% real | £149 | |
| Rates, water and other building costs | £723k £1,166 per pupil | +94% +48% real | £811 | |
| Catering | £280k £452 per pupil | +92% +47% real | £493 | |
| Learning resources | £603k £973 per pupil | +83% +40% real | £500 | |
| Supplies and services | £1.0m £1,671 per pupil | +51% +15% real | £2k | |
| Bought-in services | £359k £578 per pupil | +47% +12% real | £716 |
Staff costs were 74% of this school's spending in 2025-26. Across England, over 80% of schools' costs are staff costs. (IFS, p. 63)
In 2025-26 prices, this school spent £8.3m £13,390 per pupil in 2025-26. Across England, secondary schools are expected to spend about £7,800 per pupil in 2025–26, including sixth forms. (IFS, p. 7)
Pupils by year
- 2018-19 750.0
- 2019-20 746.0
- 2020-21 757.0
- 2021-22 754.0
- 2022-23 754.0
- 2023-24 738.0
- 2024-25 660.0
- 2025-26 620.0
Pupil numbers fell from 750.0 to 620.0 (17% fewer) over the years shown.
Schools are mostly funded per pupil, so fewer pupils means less money. Costs do not fall in step: a class with a few fewer pupils still needs a teacher. Primary schools in England have already lost about 100,000 pupils (3%) between 2019–20 and 2024–25, and are expected to lose over 300,000 more (about 8%) by 2030–31. Secondary numbers are expected to start falling from about 2026–27. The IFS points out that money is only saved if schools actually reduce what they spend, such as staff or the number of schools. That is why a well-run school with falling numbers can still find its budget under pressure. (IFS, pp. 19, 64)
Money raised by parents
No registered parents' association found for St Saviour's and St Olave's Church of England School. Charities with an income of £5,000 or less a year don't have to register with the Charity Commission, so many schools have an active PTA or friends' group that isn't on the register.
Across England, the typical registered parents' association raised £50 per pupil in 2025-26.
Intake and area
- 52% of pupils eligible for free school meals (median school: council 47%, England 22%)
- Neighbourhood deprivation decile 4 of 10 (1 = most deprived)
- Income deprivation affecting children: decile 3 of 10 (1 = most deprived)
- 46% of adults nearby hold a degree-level qualification
- 22% of nearby homes are owner-occupied
- 61% of nearby homes are social rented
Intake band 5 of 5 nationally, combining free-school-meal eligibility and the deprivation of the school's neighbourhood (1 = least disadvantaged, 5 = most).
Context, not a judgement: schools with different intakes get different funding and face different costs.
How my school's money is split
For pupils: out of every pound the school spent in 2025-26, here is roughly where it went, with the amount for each pupil.
- Teachers £4.8m £7,813 per pupil
- Support staff £629k £1,014 per pupil
- Buildings and grounds £380k £613 per pupil
- Energy £311k £502 per pupil
- Learning resources £603k £973 per pupil
- Everything else £1.5m £2,475 per pupil
National context
- In 2024–25 and 2025–26, mainstream school funding per pupil grew by 2 percentage points less than school costs nationally. (IFS, p. 62)
- Primary pupil numbers in England are expected to fall by over 300,000 (about 8%) between 2024–25 and 2030–31. (IFS, p. 19)
- Secondary pupil numbers in England are expected to fall by about 100,000 (4%) by 2030–31, starting from about 2026–27. (IFS, p. 19)
- Council-run primary schools spend about £400 (6%) more per pupil than primary academies, and council-run secondaries about £300 (4%) more, partly because trusts spend some money centrally. (IFS, p. 56)
- Pupil premium is £1,515 a year per eligible primary pupil and £1,075 per eligible secondary pupil, over 16% lower in real terms than in 2015–16. (IFS, p. 51)
- Mainstream schools are expected to fund the first £6,000 a year of extra support for a pupil with special needs from their own budget. (IFS, p. 46)
- School sixth forms get about £6,400 per student in 2025–26, compared with about £8,000 in further education colleges. (IFS, p. 69)
- Funding per student in school sixth forms is around 20% lower in real terms than in 2010–11. (IFS, p. 11)
Questions to ask the school
Useful for parents, governors and PTFA committees.
- With £70k £113 per pupil in reserve, what would happen if costs rose faster than expected next year? Why ask: Pay awards are set each year by the government after independent advice; the IFS says the picture is tight for schools if they follow forecast earnings growth. (IFS, p. 63)
- How many pupils does St Saviour's and St Olave's Church of England School expect in each year group over the next three years? Why ask: Primary pupil numbers in England are expected to fall by over 300,000 (about 8%) by 2030–31. (IFS, p. 19)
- How much does the PTA (or friends' association) raise each year, and what does it pay for?
- Which costs does St Saviour's and St Olave's Church of England School expect to rise most next year?
- Is the school planning to merge classes, share staff or work more closely with another school?
- How does St Saviour's and St Olave's Church of England School's spending per pupil compare with similar schools, and why? Why ask: Nationally, primaries spend about £7,000 and secondaries about £7,800 per pupil in 2025–26. (IFS, p. 7)
- Is the budget relying on one-off grants or fundraising to balance?
- Has the council talked about reducing places, merging or closing schools in this area? Why ask: The IFS notes savings from falling numbers only come if staff or the number of schools are reduced. (IFS, p. 64)
Check at source
Every figure here comes from the school's published return. Check it on the DfE benchmarking page for this school, and see how the figures are worked out.
Similar schools: the closest in phase, size and share of pupils on free school meals.
- Addey and Stanhope School
- South Bank University Academy
- Marylebone Academy
- Trinity Academy
- Harris Academy Peckham
Admissions and catchments for St Saviour's and St Olave's Church of England School on Schools in Reach · All Southwark school finances · Schools in Bermondsey and Old Southwark
- DfE Financial Benchmarking and Insights Tool data: CFR returns for council-run schools (April to March) and academy accounts returns (September to August), Open Government Licence v3.0
- Get Information about Schools, Open Government Licence v3.0
- National context: IFS, Annual report on education spending in England: 2025–26 (January 2026); IFS figures are in 2025-26 prices (HM Treasury GDP deflator, November 2025)
- Real-terms figures on this page: in 2025-26 prices (HM Treasury GDP deflator, October 2026)