Tower Road Academy: school finances
Large reserves
Holds £666k in reserve, 19% of a year's income.
Latest full year 2024-25, as a academy (accounts return, September–August). Lincolnshire · Primary · Academy converter.
Academies in a trust don't hold money on their own: KEYSTONE ACADEMY 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 | £2.5m | £2.4m | +£94k | £435k | 609 |
2019-20 | £2.6m | £2.5m | +£93k | £457k | 620 |
2020-21 | £2.9m | £2.6m | +£257k | £610k | 586 |
2021-22 | £3.0m | £2.9m | +£176k | £652k | 594 |
2022-23 | £3.1m | £3.1m | +£7k | £562k | 585 |
2023-24 | £3.4m | £3.3m | +£96k | £491k | 572 |
2024-25 | £3.5m | £3.1m | +£361k | £666k | 561 |
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 87% of them. It spends £5,586 a pupil in total; similar schools typically spend £6,568.
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 | £2,180 | £3,172 | £2,921–£3,394 |
Support staff (e.g. TAs) | £1,383 | £1,290 | £1,165–£1,641 |
Supply staff | £37 | £93 | £52–£190 |
Admin and clerical | £870 | £300 | £246–£334 |
Premises | £273 | £298 | £257–£346 |
Energy | £48 | £85 | £74–£112 |
Learning resources & ICT | £135 | £252 | £212–£307 |
Bought-in services | £50 | £125 | £82–£165 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Woodside Primary School Large reserves
- Heyes Lane Primary School Healthy
- Avenue Primary School In deficit
- St Thomas of Canterbury Catholic Primary School Large reserves
- White Court School Healthy
- St Mary's Catholic Primary School, Crewe Large reserves
- Wimborne Primary School Large reserves
- Norbreck Primary Academy Heading for deficit
- Newton-le-Willows Primary School Healthy
- Portfields Primary School Heading for deficit
- Lord Scudamore Primary Academy Large reserves
- Delapre Primary School Large reserves
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £3.4m | £6,080 |
SEN funding (part of grants) | £227k | £405 |
Self-generated (lettings, catering, donations) | £110k | £196 |
Money raised by parents
FRIENDS OF TOWER ROAD ACADEMY (charity 1166748, Registered) raised £0 in its latest year.
| Year ending | Income | Spending |
|---|---|---|
2025-08 | £0 | £0 |
2024-08 | £2k | £7k |
2023-08 | £3k | £1k |
2022-08 | £0 | £2k |
2021-08 | £0 | £2k |
Matched to this school by name and postcode from the Charity Commission register. Parent associations' money isn't in the school's accounts above.
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?
- Spending on admin and clerical is £870 a pupil, against a typical £300 for similar schools. What's behind that?
- How does the school decide what the money the parents' association raises is spent on?
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 Tower Road Academy · All Lincolnshire school finances