St Saviour's and St Olave's Church of England School: school finances
Tight
Holds £70k in reserve, under 3% of a year's income: little room for surprises.
Latest full year 2025-26, as a council-run school (CFR return, April–March). Southwark · Secondary · Voluntary aided school.
Reserve at the end of each year, 2018-19 to 2025-26
Income and spending, 2018-19 to 2025-26
Income Spending
Show the figures as a table
| Year | Income | Spending | Balance | Reserve | Pupils |
|---|---|---|---|---|---|
2018-19 | £6.5m | £6.5m | -£25k | -£28k | 750 |
2019-20 | £6.6m | £6.6m | +£58k | £30k | 746 |
2020-21 | £6.6m | £6.4m | +£165k | £195k | 757 |
2021-22 | £6.9m | £6.7m | +£191k | £386k | 754 |
2022-23 | £6.7m | £7.4m | -£689k | -£304k | 754 |
2023-24 | £8.1m | £7.7m | +£353k | £49k | 738 |
2024-25 | £8.2m | £8.0m | +£171k | £220k | 660 |
2025-26 | £8.2m | £8.3m | -£150k | £70k | 620 |
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 10% of them. It spends £13,390 a pupil in total; similar schools typically spend £10,779.
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 | £7,377 | £5,658 | £5,085–£6,409 |
Support staff (e.g. TAs) | £1,014 | £891 | £706–£1,108 |
Supply staff | £462 | £263 | £143–£452 |
Admin and clerical | £935 | £682 | £596–£880 |
Premises | £613 | £676 | £488–£915 |
Energy | £502 | £221 | £145–£294 |
Learning resources & ICT | £973 | £573 | £472–£782 |
Bought-in services | £578 | £178 | £73–£451 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Addey and Stanhope School Large reserves
- South Bank University Academy Large reserves
- Marylebone Academy Large reserves
- Trinity Academy Large reserves
- Harris Academy Peckham Large reserves
- Ernest Bevin Academy Large reserves
- Saint Gabriel's College Tight
- Clarion Large reserves
- London Design and Engineering UTC Healthy
- Ark Soane Academy Healthy
- Highbury Fields School Tight
- Oasis Academy Silvertown Large reserves
Where the money comes from, 2025-26
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £6.9m | £11,167 |
SEN funding (part of grants) | £128k | £207 |
Pupil premium (part of grants) | £311k | £501 |
Self-generated (lettings, catering, donations) | £1.2m | £1,980 |
Questions to ask the school
Useful for parents, governors and PTA committees.
- What would the school do if costs rose unexpectedly, such as energy or a pay award that isn't fully funded?
- Pupil numbers have fallen 17% since 2018-19. How is the school planning for fewer pupils, and the funding that goes with them?
- Spending on bought-in services is £578 a pupil, against a typical £178 for similar schools. What's behind that?
- Spending on energy is £502 a pupil, against a typical £221 for similar schools. What's behind that?
- Spending on learning resources & ict is £973 a pupil, against a typical £573 for similar schools. What's behind that?
- Spending on teachers is £7,377 a pupil, against a typical £5,658 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.
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