Charles Read Academy: school finances
In deficit
In deficit by £308k, 11% of a year's income: it has spent more over the years than it received. It has spent more than it received for 4 years running.
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: THE DAVID ROSS 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 | £2.0m | £1.9m | +£95k | £0 | 251 |
2019-20 | £2.1m | £2.0m | +£77k | £0 | 263 |
2020-21 | £2.2m | £2.0m | +£198k | £198k | 259 |
2021-22 | £2.2m | £2.3m | -£130k | -£130k | 267 |
2022-23 | £2.5m | £2.6m | -£126k | -£126k | 272 |
2023-24 | £2.5m | £2.8m | -£274k | -£274k | 276 |
2024-25 | £2.7m | £3.0m | -£270k | -£308k | 268 |
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 27% of them. It spends £11,022 a pupil in total; similar schools typically spend £8,735.
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 | £5,515 | £4,603 | £4,213–£4,869 |
Support staff (e.g. TAs) | £1,642 | £1,050 | £647–£1,342 |
Supply staff | £328 | £269 | £91–£362 |
Admin and clerical | £664 | £490 | £340–£619 |
Premises | £780 | £444 | £255–£570 |
Energy | £168 | £283 | £181–£342 |
Learning resources & ICT | £347 | £532 | £388–£799 |
Bought-in services | £168 | £132 | £83–£238 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Waverley Studio College Large reserves
- Oasis Academy Temple Quarter Large reserves
- Aldridge UTC Warrington In deficit
- Cape Cornwall School In deficit
- SGS Forest High School In deficit
- Crewe Engineering and Design UTC In deficit
- Darwen Aldridge Enterprise Studio In deficit
- Bmat Stem Academy Large reserves
- West Moors Middle School In deficit
- XP School Large reserves
- Atlantic Academy Large reserves
- Chester International School Large reserves
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £2.7m | £9,993 |
SEN funding (part of grants) | £240k | £896 |
Self-generated (lettings, catering, donations) | £19k | £71 |
Questions to ask the school
Useful for parents, governors and PTA committees.
- Is there a deficit recovery plan agreed with its trust, and when does the school expect to be back in balance?
- What has been cut or changed to close the gap, and how does that affect classes and support staff?
- Spending on premises is £780 a pupil, against a typical £444 for similar schools. What's behind that?
- Spending on support staff (e.g. tas) is £1,642 a pupil, against a typical £1,050 for similar schools. What's behind that?
- Spending on teachers is £5,515 a pupil, against a typical £4,603 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 Charles Read Academy · All Lincolnshire school finances